{"id":69292,"date":"2021-11-26T13:05:37","date_gmt":"2021-11-26T11:05:37","guid":{"rendered":"https:\/\/www.sage.com\/en-za\/blog\/?p=69292"},"modified":"2026-01-29T17:56:17","modified_gmt":"2026-01-29T15:56:17","slug":"the-power-of-entrepreneurial-learning-and-sharing","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-za\/blog\/the-power-of-entrepreneurial-learning-and-sharing\/","title":{"rendered":"The power of entrepreneurial learning and sharing"},"content":{"rendered":"
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\u201cI\u2019ve always had a passion for fixing what\u2019s broken, and mechanical engineering seemed like the most practical way to do that.\u201d<\/p>\n

Phumzile Skosana pays attention to the nuts and bolts of entrepreneurship and is helping others do the same.<\/p>\n

As a mechanical engineer and founder of Balleo Engineering, Skosana is adamant that good financial health provides the foundation for personal growth and entrepreneurial success.<\/p>\n

A teacher at heart, she is passionate about helping other upcoming entrepreneurs<\/a> grow their businesses through mentorship and coaching. Her website<\/a>, YouTube channel<\/a>, and blog all focus on personal and small business finance and address common pitfalls such as negative cash flow and debt.<\/p>\n

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\u201cAn entrepreneur can only prepare their business for the next level of growth if they understand its current financial position. This is the knowledge that will help them chart the best course forward for their business.\u201d<\/p>\n<\/blockquote>\n

Rebooting our entrepreneurial wellbeing<\/h2>\n

The need to \u2018reboot\u2019 was central to this year\u2019s Global Entrepreneurship Week (GEW2021), which took place from 8 to 14 November. In response to the damaging impact of the COVID-19 pandemic on global communities and economies, the GEW2021 campaign emphasised the urgent need to reboot our approach to economic development for a more inclusive and sustainable future for all. Key to this is sharing knowledge and networks that support confident, empowered, and financially healthy entrepreneurs.<\/p>\n

\u201cEntrepreneurs play a critical role in their countries and their communities,\u201d says Skosana. \u201cBuilding and growing new businesses require innovative thinking that pushes whole industries forward, creates much-needed jobs, and strengthens the economy.\u201d<\/p>\n

Skosana is no stranger to the importance of rebooting. Over the years, she has started many businesses. Some failed; others succeeded. Each experience encouraged her to learn from where she went wrong, what she did right, and how to improve on what worked.<\/p>\n

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\u201cEvery business needs regular health checks to identify its strengths and weaknesses, to determine what it\u2019s doing well, and where it needs to improve.\u201d<\/p>\n<\/blockquote>\n

Given the impact of the pandemic on South Africa\u2019s small business sector, Skosana\u2019s determination to help other entrepreneurs achieve their dreams is more vital than ever.<\/p>\n

Chart your course<\/h2>\n

\u201cAnyone who wants to succeed in life must have a vision to work towards,\u201d says Skosana. \u201cI believe the universe reserves opportunities, resources, and support for those who are clear about what they want.\u201d<\/p>\n

Based on her own experiences, Skosana offers the following advice to her fellow entrepreneurs:<\/p>\n