Question

If the environment impacts how entrepreneurs think, is South Africa conducive for entrepreneurs?

Answer 1

Entrepreneurs require an environment that allows entrepreneurial thinking and activity to thrive. A country that has an entrepreneurial culture inspires entrepreneurial activity which is sustained by a sound regulatory environment. Analyzing the culture in South Africa using Hofstede's culture framework, South Africa encourages free thought through individualism but has a high power distance that results in red-tape processes and access to decision-makers. This creates a disconnection between entrepreneurial intentions and motivations to start a business and the ability to sustain a business by relying on the under-developed entrepreneurial ecosystem in South Africa. More on this on Episode 5 of the Wellness for Entrepreneurs Podcast - https://wellness4entrepreneurs.buzzsprout.com/1289792/5580580-episode-05-if-the-environment-impacts-how-entrepreneurs-think-is-south-africa-conducive-for-entrepreneurs