5. 36% YOUTH UNEMPLOYMENT
600,000 UNEMPLOYED GRADUATES
AFRICA > 400 MILLION UNEMPLOYED YOUTH
Quarterly Labour Force Survey (QLFS)
South African Graduates Development Association
@mlabsa @derrickkotze
7. SELF-EMPLOYED ENTREPRENEURS SERIAL ENTREPRENEURS
ACHIEVING OWN PERSONAL GOALS
& THESE ACHIEVEMENTS BEING THEIR
MAIN SOURCE OF INCOME
INNOVATION, GROWTH & PROFIT SUCCESS, UNCERTAINTY & PROVE
THE UNPROVEN
WAYNE STEWART, ASSOCIATE PROFESSOR OF MANAGEMENT AT CLEMSON UNIVERSITY
1/3 OF ALL NEW BUSINESS ARE
CREATED BY SERIAL
“The findings show that serial entrepreneurs obtain temporary benefits from spells of venturing
which eventually die away. This implies that venturing generates benefits that spill over from
one venture into subsequent ones, and it can provide a rationale for public policies that
encourage re-entries by entrepreneurs, even if those entrepreneurs performed poorly in their
first ventures” - Simon C. Parker, University of Western Ontario
@mlabsa @derrickkotze
11. statisticbrain.com
96% of businesses fail in the first 5-10 years
Industry Percent Still Operating After 4 Years
Finance Insurance and Real Estate 58 %
Education and Health 56 %
Agriculture 56 %
Services 55 %
Wholesale 54 %
Mining 51 %
Manufacturing 49 %
Construction 47 %
Retail 47 %
Transportation, Comms and Utilities 45 %
Information 37 %
@mlabsa @derrickkotze
