PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
ricardo7
 
Comments: 6
Article views: 1
 
 
Latest Badges:

 
View all ricardo7's badges.
 

Why we do not grow as a country

09 November 2012, 19:23

I read about abortion not so long ago. The reason was not because I was in a situation that required that I be informed about it. I was just reading to look at the arguments presented by those who are for and those who are against it. One of the arguments presented by the anti-abortion side was “when you abort you are denying a human being an opportunity to live. This is wrong because you do not know what this person would grow up to become. Maybe this person would be much valuable to the world. You do not know the potential that foetus has.”

This article is not about abortion and I am not saying the above argument is the best to be presented. I am only quoting it because this argument made me think of something very important.  Why is it that most of our aspiring entrepreneurs never become successful businessmen? There are a million reasons that this happens and in many cases it is because of their own failures. There is a reason however that has been troubling me for a long time. The major reason is the unavailability of capital. If you have ever looked at the business funding models you will be familiar with the words “own capital contribution”, “collateral” or “unencumbered cash”. These three phrases is one of those that have become my least favourite words. Almost every entity that funds business people says they will only fund the people who already have money. This is no different from the caste system that benefits only the haves and leaves the have not’s even poorer. They have given many excuses as to why such policies exist but I am still not satisfied.

One of the excuses I heard was, “we need to be certain that you are committed to this business.” I doubt that anyone would go and apply for funding to fund a business that they are not going to be committed to. The mere fact that a person is there to incur debt for themselves should show that this person is committed. This person is committed but will not be funded because perhaps they come from a family of the have not’s. This is just as bad to me as abortion is to the above mentioned anti- abortion team. Entities that should be empowering aspiring entrepreneurs are the very same ones that kill their ideas. People are told to go work first before they pursue careers in business. Who knows if this idea that one has will help the economy of the country. That is why a great number of the people have flooded the supply chain field. We all become tender-preneurs because that is the only field we are able to enter now. Some of the people do not want these kinds of businesses that only benefit the communities with employment only for a short period of time. We are unable to start and nurture proper traditional businesses that will increase employment and employment periods.

What pains me the most is that most of the people who fail to have “unencumbered cash” have “collateral” or inject their “own capital contribution” are previously disadvantaged people. Where do we expect them to get this money? Most of these people never get to see their dreams come true, and their ideas never get to be implemented. We do not know what these businesses would become had they seen the light of day. Maybe we would be further than we are as a country economy wise. Maybe the level of poverty would be lower. Maybe the level of employment would be higher. Maybe the quality of life would be fairer. This is not going to happen though because we only help those who already have, and those who have not, will remain without forever.  In conclusion, “

When you refuse to fund an idea you are denying a human being an opportunity to have a business simply because they have not. This is wrong because you do not know what this person and the business would develop to become. Maybe this person and this business would be much valuable to the world. You do not know the potential that idea has.”

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
6 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Karlito
Beware! The old new computer supp...

Working in IT for the last 20 years, I often forget that many people use their computer like an appliance, surfing the internet and writing mails. Read more...

10 comments 403 views
The nation's fear

All of us dream of being better people in the society. We can only achieve that dream if we can understand our past and recognise the injustices of the past and find ways of moving together as one nation.  Read more...

4 comments 79 views
Submitted by
Lethiwe Mdluli
Have you suddenly developed a fea...

Flying has always been considered as the safest way of travelling until this fact was questioned because of the recent tragic events surrounding airplanes. Read more...

8 comments 197 views
Submitted by
Kalibanache
Iran is next or what ?

Seems the Gaza drama will not end soon. How long before the Israelis are forced to deal with Iran? Read more...

8 comments 267 views
Submitted by
Greypatriot
Ending the Malema revolt

During the past five years Julius Malema has become a deadly threat to future public order and peace. He has grown in fame and popularity as a radical youth and political party leader, way beyond the expectations of critics and experts.  Read more...

41 comments 1001 views
Submitted by
John Comyn
Eskom have hijacked us

Anyone out there seen their electricity bill this month? I live in an apartment and my bill has gone from approximately R600 to just over R1000. Read more...

6 comments 138 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Up to 60% off - clearance sale!

Save up to 60% on appliances, books, electronics, toys, movies and more. Offer valid while stocks last. Shop now!

Deal of the Week!

Get bestselling John Green novels now just R99 each! Hurry and get yours while stocks last. Shop here.

Mind blowing deals on beauty & fragrances

Save up to 30% off beauty and fragrances. Offer valid while stocks last. Shop now!

Up to 50% off hair care products!

Save up to 50% on professional hair care products at kalahari.com. Offer valid while stocks last. Shop now!

30% off academic books

Score a mind blowing 30% off academic books! Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.