Lessons in business and the art of economic capabilities

2018-02-22 06:00

It’s the beginning of the year many people are dusting off their Curriculum Vitae; they want to look for employment and some want to look for better opportunities than the current employment they have.

I complement that and its wonderful. As a country, we need to have many people who are economically active, to boost the economy and life expectancy.

We must all remember that not all of us will be employed. Not because we are not good enough, but because the economy its self-it’s not that wide enough.

The economists say we need at least 5% economic growth and we are presently stagnating at 2.3%. Now, how do we extend the pie and play our part in the economy?

The CEO of Prime Group Greg Brophy advises thus: “Find something you are mostly passionate about and turn it into a business or look for a need and check the economical side of it.”

Many people have started their own businesses because they saw a need or they were very passionate about something and turned their passion into fortune.

It is possible and doable. I know that starting capital can be a stumbling block but you always have the option of starting small and growing with the business.

Like Dali’s Place in Philippi. He started with only two cases in Nyanga, and now it’s a liquor distribution store. Starting small can be advantageous as this gives one the upper hand in knowing the business in detail.

In some businesses there are rules and restrictions, but do not despair.

There is also the red tape to contend with just to frustrate upstarts.

But if you strengthen the administrative side of your business, everything else seems to fall in place.

At times, one must also bear in mind that some of the people who make the rules are not necessarily part of the industry, but just law- makers.

Senior Business Advisor Wadji recently delivered a speech titled: “From whose lens?”. According to him, provide the basics for clients, as if they were driving vehicles, even if they are not riding in scooters.

So, continue to hustle and add value to the economy of our country. To those who are already working, find ways to supplement your earnings.

Thembalethu Qolo Nyanga

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