South Africa’s small and medium business owners wishing to enter the 2017 edition of the Entrepreneur of the Year competition should visit www.eoy.co.za for more information or send their to firstname.lastname@example.org, the organisers said this week.
Entries close on 31 May 2017.
The competition offers winning entrants prizes valued at over R2 million, with cash prizes of R60 000 for each of the five main category winners, and R160 000 for the overall winner. Winners will also receive valuable mentorship support, networking opportunities and national media exposure.
South Africa needs to be celebrating and uplifting innovative entrepreneurs who have successfully grown their businesses through hard work and continue contributing to job creation and economic growth,” Gugu Mjadu, the competition spokesperson, said in a statement.
Pointing to past winners, Mjadu said: “For instance, we have had a guest house owner who, through their resilience and determination, managed to achieve year-round high occupancy levels.
“While another entrepreneur noticed the trend of health conscious consumers and developed a product for the ordinary, non-gardener consumer to successfully grow their own vegetables in a garden or pot.”
All entrepreneurs are innovators as they have recognised a trend in an industry or identified a shortcoming, and then proactively created a solution to capitalise on a demand or overcome the problem at hand, she said.
“While sometimes it is about re-inventing the wheel, more often it is about making the wheel better. This can be achieved in the form of improved product quality or delivery, an added-service, or a higher level of customer service offered.”
This is the aim of the Entrepreneur of the Year competition, she added.