<< Chapter < Page Chapter >> Page >

Economic and management sciences

Grade 8

Business, consumer and financial knowledge and skills

Module 14

What is an entrepreneur?

Activity 1: to identify the characteristics of an entrepreneur and to apply them to ourselves. [lo 4.2]

Read the following story about a successful entrepreneur.


An entrepreneur’s story of a difficult start in a grimy butchery


“My success came after I had worked my fingers to the bone and because I never became greedy.”

This is the secret of Mr Leon Slabbert, owner of the Cuyler Butchery in Uitenhage.

After finishing his schooling, Mr Slabbert obtained a degree in personnel management. He then worked in his father, Levi’s, butchery for ten years.

“My father is a perfectionist and therefore he is very particular about tidiness, quality and service. He taught me all about the select cuts and everything else I know. Thanks to him I am a disciplined person,” says Slabbert.

In August 1988 he decided: “Nothing ventured, nothing gained.” He sold his house and most of his other possessions and bought the Cuyler Butchery , which at that time was grubby and shabby.

Slabbert found it difficult to get loans from the banks, because he had no insurance. Some of his creditors showed him some mercy, but others simply had to wait for him to make enough money to pay them.

In the early nineties the political situation in the country influenced many people and businesses and Slabbert had to keep his head above water despite various threats. “In the first five years I just had to do crisis control most of the time to keep my business going. Competitors didn’t make it any easier for me to get my business to grow, and I had to do everything in my power in order to survive,” he says.

“Those were difficult years. I started with three staff members and did all the administration, daily chores and cutting of the meat. I had to make the sausages on my own. I also scrubbed the floors.

“I did not even have a proper cash flow that I could use for change and a friend lent me a lorry with which to transport my meat. A car was out of the question. There was no money

for petrol and I had to walk to work. My wife, Wilhma, was the owner of a hairdressing salon and she also had to work overtime to get her own business going,” says Slabbert.

His wife is now a director of the butchery and owns shares in it.

“Besides being in control of the administration of the business I am involved in every aspect of the butchery, from washing floors to cutting up meat.

“I was a hairdresser for 18 years and I found it difficult to give up this work, but my husband needed me and I supported him,” she says.

She regards her husband as being very honest and straightforward, and says that he has self-respect and respect for his fellowmen.

“All of these are qualities that have contributed to his success. He knows the meat industry and if he knows that lamb is going to be cheaper next week, he will not allow a customer to buy a whole lamb now, when it is more expensive,” she says by way of an example of his attitude towards his clients.

Questions & Answers

what is Nano technology ?
Bob Reply
write examples of Nano molecule?
The nanotechnology is as new science, to scale nanometric
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
what school?
biomolecules are e building blocks of every organics and inorganic materials.
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
sciencedirect big data base
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
characteristics of micro business
for teaching engĺish at school how nano technology help us
Do somebody tell me a best nano engineering book for beginners?
s. Reply
there is no specific books for beginners but there is book called principle of nanotechnology
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
what is the actual application of fullerenes nowadays?
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
is Bucky paper clear?
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
Do you know which machine is used to that process?
how to fabricate graphene ink ?
for screen printed electrodes ?
What is lattice structure?
s. Reply
of graphene you mean?
or in general
in general
Graphene has a hexagonal structure
On having this app for quite a bit time, Haven't realised there's a chat room in it.
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
Privacy Information Security Software Version 1.1a
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get the best Algebra and trigonometry course in your pocket!

Source:  OpenStax, Economic and management sciences grade 8. OpenStax CNX. Sep 11, 2009 Download for free at http://cnx.org/content/col11040/1.1
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Economic and management sciences grade 8' conversation and receive update notifications?