BACHELOR OF COMMERCE YEAR 3 ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE

16

REGENT BUSINESS SCHOOL (RBS) January 2020

Byron Jeacocks, regional general manager of Business Partners Limited

(BUSINESS/PARTNERS) says that true entrepreneurs like Singh are identifiable by the paths

they seem to find, where others would see dead-ends. Entrepreneurs are the square pegs of

our society, those who see challenges as an opportunity to seek solutions, which is a unique

skill set to have and we aim to assist in unlocking this potential. Particularly in our country, with

its challenging economic conditions and an environment that is not always conducive to

fostering new entrepreneurs, something that is vital for South Africas economic future.

Singh says that the engineering sector is also evolving. The industry is definitely no longer as

male-dominated as it used to be were seeing more and more female engineers and artisans

rising up the ranks within this sphere of business and playing prominent roles. She cheekily

adds that it could be womens ability to pay extreme attention to detail that is spurring on their

success within this technically-driven and traditionally male-dominated arena.

She explains that while the current technical recession gripping the South African economy is

no doubt having far-reaching effects on all sectors of industry, good quality and great service

will lead to business success at the end of the day. Through Singhs astute business

leadership, amid strained economic times, the business was able to purchase property with the

assistance of BUSINESS/PARTNERS which has cemented the companys positive financial

future position.

Singhs parting advice to fellow entrepreneurs both established and aspiring is to

constantly empower yourself and improve your own knowledge foundation. This will ultimately

help you to always push for innovative, new ideas and help you spot the opportunities that

others may not yet have seen.

1.1 Discuss and demonstrate some helpful tips that Singh might have used in a business plan

presentation to acquire finds from potential lenders and investors. (20)

1.2 Describe the possible criteria Lenders and Investors (Business/Partners) had to look for,

before they could award Singh business funding (10)

1.3 Based on the fact that Singh approached the daughter of the MD to propose that both

carrying on with the business. Explain the type of ownership including advantages and

disadvantages that they have possible adopted. (16)

1.4 Explain the possible factors that might have affected this form of an enterprise in reference

to the case study (4)