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Business CATALOGUE 2025|2026 41SUITABLE FOR%u2022 Undergraduate students in the field of Business Management and Entrepreneurship%u2022 Owners of small businesses, aspiring entrepreneurs and any person with an interest in understanding how a business is successfully established and runEntrepreneurship and How to Establish Your Own Business T BOTHA (EDITOR)South Africa has one of the highest failure rates of new Small and Medium Sized Enterprises in the world. Approximately 70% to 80% of small businesses fail within the first five years of their establishment and 4% survive after 10 years. Research indicates that this failure is often due to entrepreneurs not understanding basic business concepts. In a fast changing business environment that is becoming more volatile and uncertain due to various crises (for example the COVID-19 pandemic, tensions between Russia and Ukraine, the ever increasing cost of living, slow economic growth, and the inability of the national energy provider to resolve the country%u2019s power crisis) it is essential that aspiring entrepreneurs and new business owners have a solid foundation of knowledge on which to build a sustainable businesses.Entrepreneurship and How to Establish your own Business(7th edition) is a foundational book covering the key areas of entrepreneurship and small business development. This new edition explains important business concepts in lay terms and uses updated examples to focus on:%u2022 the entrepreneur%u2019s personal skills set%u2022 role models in the field of successful entrepreneurship%u2022 thinking %u2018out of the box%u2019 to find opportunities in the market%u2022 evaluating business ideas%u2022 drawing up a business plan%u2022 setting up a business%u2022 legal and other business requirements that apply to new businesses.The book, written by authors with many years of experience and interest in entrepreneurship, is ideal for undergraduate students in the field of Entrepreneurship and Small Business Management. Owners of small businesses, aspiring entrepreneurs and any person with an interest in understanding how a business is successfully established and managed will also find it invaluable in providing guidance on the intricacies of becoming a successful entrepreneur.CONTENTSChapter 1: Entrepreneurship and small, medium and microenterprises in perspectiveChapter 2: Basic business concepts and the business environmentChapter 3: The identification and development of business ideasChapter 4: The viability of a business ideaChapter 5: The business planChapter 6: Setting up a business978 1 48513 258 5 ZAR R293.00978 1 48513 259 2 ZAR R268.007th EDITION 2022 Ed202 PAGESSUPPORT MATERIALe-BOOK