Question: Read the following case study and answer the questions that follow Entrepreneurship is a life-long journey OLD as he might be in age, Uwe Rathmann

Read the following case study and answer the questions that follow

Entrepreneurship is a life-long journey

OLD as he might be in age, Uwe Rathmann puts men half his age to shame when it comes to energy, community involvement and getting things done.

Knowing how actively involved Rathmann is as a social entrepreneur, in community projects and programmes, fearing that despite his advanced age I might not find him resting at home, as he is the sort of person who doesn't just sit around doing nothing, I called in advance. We arranged to meet at one of the town's service stations, and go from there to his favourite local eatery for a beverage.

As I drove into the petrol station, I couldn't believe my eyes. There in a corner of the car park was Rathmann with his vehicle's boot wide open, a sign visibly placed, and advertising organic fertiliser for sale. Ever the entrepreneur, the first words the lanky Rathmann said when I stepped out of my vehicle to greet him is that he decided to make productive use of the time, adding with a beaming smile that he had already sold 10 bags whilst awaiting my arrival.

Rathmann's first business venture, after leaving the safety and security of employment at Namibia's dawn of independence, was to bottle fruit juices. A malaria scaring people in the northern regions of Namibia resulted in him questioning why spraying chemicals on stagnant water was seen as the only prophylactic solution. This resulted in him opening a mosquito net manufacturing business.

Rathmann using every spare moment to fulfill an identified need, this one for bagging and selling natural fertiliser in a predominantly farming community, did not surprise me, for that is the nature and character of an entrepreneur. They tend to make entrepreneurship a life-long journey, always searching for business opportunities.

Retirement generally doesn't feature in the plans of an entrepreneur. Consider the late Harold Pupkewitz, who took a small family business started by his father and turned it into one of Namibia's largest business conglomerates. Until a few years before he passed away, Pupkewitz was still creating new businesses and expanding existing ones.

There are many other business stars in Namibia, some known and others not so high-profile, who display similar never-stop thinking and doing-business habits. A prime example is Rehoboth's business icon, Oom Land Benade. He is ever-present at his prime business creation, the town's most successful retailer, each and every day of the week.

Before his health deteriorated, hardly a day passed without Navin Morar of Chelsea Fashions' fame checking out a new business opportunity or exploring how what he was already engaged in could be done better. Although not so visible these days with his business empire now run on a day-to-day basis by a management team, undoubtedly the iconic Aupa Frans Indongo still lives, dreams and oozes business. Entrepreneurs identify opportunities, gather resources and create a business venture. They bear the risk of starting a venture, and the reward comes in the form of profits generated. They hardly ever retire, so bear this in mind when yielding to the entrepreneurial pull. Source: The Namibian https://www.namibian.com.na/75860/read/Entrepreneurship-is-a-life-long-journey

Questions

1.1 Would you describe Uwe Rathmann an entrepreneurial venture or an SMME? Motive your answer. (10) [DO NOT ANSWER]

1.2 Rathmann is described as a social entrepreneur. What is a social entrepreneur and what makes Rathmann a social entrepreneur? (10) [DO NOT ANSWER]

1.3 There are many other businesses started in Namibia, some known and others not so high-profile, that display similar never-stop thinking and doing-business habits. List the various reasons why entrepreneurship is important for a country such as Namibia. (10) [DO NOT ANSWER]

1.4 Explain the difference between an idea and an opportunity. Make use of suitable examples in this regard from the article. (10) [DO NOT ANSWER]

1.5 What do entrepreneurs do according to the article? (10) [ANSWER PLEASE]

Hi may you please ONLY answer question (1.5)

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