In South Africa more than 70 percent of small businesses fail in the first two years, a confirmation that starting a business is in itself a risky act. Literature around entrepreneurship suggests that risk-tolerance is defined as one of the key traits for a successful entrepreneur.
According to a 2017 study conducted by Harvard Business School, the weight of the evidence from their research suggested that individuals with greater risk tolerance were more likely to enter entrepreneurship.
Youth Employment Porfolio Head at Momentum Metropolitan Holdings, Nkosinath Mahlangu spoke to Thami Ngubeni...