Failure key to success for entrepreneurs, says Beyoncé’s father at SA book launch
The foundation of any successful entrepreneur is passion and a strong work ethic, says music mogul Mathew Knowles at UCT’s Graduate School of Business
Entrepreneurs must embrace failure and view it as part of a journey to build a successful business, according to renowned talent manager, author, educator and father of award-winning artists Beyoncé and Solange, Dr Mathew Knowles. “Most successful entrepreneurs have experienced failure,” Knowles said in Cape Town at the weekend, adding that what matters most is how an individual reacts to a major setback. While the National Development Plan (NDP), a government blueprint for eliminating poverty and reducing inequality, has ambitious goals for the small and medium enterprises (SME) sector in SA — including a target of 90% of employment opportunities to be created by this sector by 2030 —entrepreneurs continue to face many challenges such as red tape, a lack of access to finance and credit lines, and the generally high cost of doing business. Knowles — a successful music executive and entrepreneur who managed Destiny’s Child, one of the most popular female R&B groups of the late 1990s ...
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