Entrepreneur of the Year®

Turning Passion into Profit

Tommy Makhatho on winning the 2013 Sanlam/ Business Partners Entrepreneur of the Year® competition winner

We chat to this year’s overall Sanlam/ Business Partners Entrepreneur of the Year® competition winner, Tommy Makhatho, owner of BiBi Cash & Carry, about his entrepreneurial journey and experiences post winning the title.

1. What was your reaction to winning the overall Entrepreneur of the Year® award?

Every time I get asked this particular question I always have a different response. The reason for this is that I experienced a range of emotions, all of which were extremely positive. Overall, I felt overwhelmed and incredibly blessed to have a team such as mine – as the award would not have been possible if it wasn’t for them.

2. What does it mean to you to be recognised for your business achievements?.. more

Articles

When you build your home you employ various specialists to assist you to ensure that the plans are drawn up accurately and you know exactly what materials you need to purchase and how much it will cost you. You will also know how long it would probably take to build your house.

These plans include so much detail of your interior finishing’s that you can create a very vivid picture in your mind as to how it will look when you’re done. Would you leave this planning and project management to chance or to haphazard decisions? I doubt it!

Why then should you not have a business plan for your business? Your business has taken probably more of your hard earned cash as well as sweat equity to build yet very few entrepreneurs take the time to draw up a plan and then use it regularly to ensure they keep on track to reach their end goal… more