Give it where it’s due

Success is a very important thing in mans’ life and this is undisputable. Achievement too is a very, very important thing for some on their path towards success. Being able to see certain milestones come to pass means there is progress towards where they are going and that is fuel.

A renowned psychologist, Maslow, came up with a theory called Maslow’s Hierarchy of Needs. The theory is depicted in the form of a pyramid segmented into 5 different parts. The bottom part refers to things that are essential in human life and the need keeps decreasing as it goes up. The highest part of the pyramid is about self-actualisation where individuals would have mastered themselves or at least their goals. Not many people get to this stage in life hence it being at the narrow tip of the pyramid.

For the entrepreneur, having fully running business that is on a growth path, satisfying your profit goals and customer needs is a form of self-actualisation. Seeing your blood and sweat finally bear fruit and self-sustaining is something worth writing home about. Your friends, family, customers, investors all praise you for the great work that you have done and others project this further into the future while competitors wish for your downfall.

The truth of this though, is that sometimes entrepreneurs still get praises even when they have not done the best of what they said they would or should do. The recently held Start up Grind Gaborone Chapter launch saw one of the esteemed speakers, Mr. Tshepo Tsheko of Botswana Innovation Hub sharing the same view with attendants. Entrepreneurship is the talk of the globe and SMMEs are being supported as it is believed that they are the future job creators and economy drivers.

In the recent years there has been a lot of work and money put into the development of SMMEs to encourage business owners and these efforts have not born fruit as they should have. Most have closed shop and all this is due to a number of reasons. Amongst other reasons shared by the speakers, Mr. Tsheko’s point among others was that we sometimes make the mistake of praising people that haven’t yet made it, entrepreneurs that have not yet reached the stage to be called successful which all eludes us.

Applauds and praises should be given where due and proper understanding of that in the business world. The mere fact that the entrepreneur has been able to secure funding does not mean that they are a successful entrepreneur. Funding means there is still more to be done. There should be a business plan in place which will be followed and properly executed to ensure that the outlined results are achieved. Praising these people is better done after they have achieved all they head set out to do. A little encouragement is what should be due in the meantime while the entrepreneur is putting in work.