I do believe that all the mistakes Patrick Bet-David’s made are applicable globally since all entrepreneurs experience more or less the same difficulties in their businesses.
I believe a certain mistake that would be relevant to South Africa is that of employing only certain people without consideration regarding race etc. Businesses in South Africa that ignore the fact of race and gender when employing people tend to receive heavy criticism from government authorities and the public who are supposed to buy products from the business. Businessed should thus ensure to have an equal employment ratio to ensure of a business’ clients are satisfied.
I do believe that an American entrepreneur will be able to run a new business in my country since South Africa as a country lacks many products and also has many needs. Since he is American, he would thus bring knowledge different to that already available in South Africa and by doing so will be able to solve many problems.
I believe that running a business in America will be a challenge for a South African since the state of development in South Africa lacks behind that of America. America is also not in desperate need of a new development considering any new discoveries & advancements have already been made in America while these products only arrive years later in our country.