Able Quote by Thabo Mbeki
“You might indeed be able to provide this money that people need to start a business, but can they run a business? This new consolidated agency [National Empowerment Fund] focuses on that matter of preparing people so that they can run business successfully.”
About This Quote
Source Speech: National Empowerment Fund launch, South Africa, 2005
Providing capital is insufficient without training; success depends on preparing entrepreneurs to manage businesses.
In simple terms: Money alone isn’t enough; skills matter.
Invest in education as well as funding.
Themes
Mood
Type
When to use this quote
- startup funding
- business training
- policy design
- mentorship programs
Key Concepts
Questions to Reflect On
- How can training be tailored to diverse entrepreneurs?
- What support follows initial training?
Training requires resources and time, and not all trainees succeed.