Tips and tricks for young entrepreneurs
“I think the most critical skill an entrepreneur needs to learn as he grows his business is how to identify and find the right people and to match people that will form a good team,” says Elmar Conradie, CEO of FlySafair. “Opportunities are everywhere, but in order to be able to take full advantage, you need the expertise and efforts of a group of motivated people who between them can offer a fully rounded set of insights into how best to take advantage of what lies ahead.”
How entrepreneurs can manage financial projections in a tightened economy
Entrepreneurs or any business for that matter should always take a conservative view when they do their forecasts and make sure that their business can withstand shocks from the outside. One of our key objectives has been to ensure that flying is affordable, but in aviation we are hugely exposed to macroeconomic factors like the price of oil and the exchange rate. It is good to know what the impact of these kinds of factors will be on your business and what your reaction to it will be – even if it means that you decide in advance there is nothing you can do about it.
Elmar’s leadership mantra and how it translates to his business approach
You have to love what you do to do great work, but you also have to do great work to love what you do. I often say that we must not get used to things or situations – it is easy to start taking things for granted or that things should always work a certain way. This way you keep on challenging what you do and question whether it is the best way of doing it.