Author encourages informal traders

2019-04-10 06:00
PHOTO: lethiwe makhanyaMarc “GG” Alcock with the members of SHS group last Friday

PHOTO: lethiwe makhanyaMarc “GG” Alcock with the members of SHS group last Friday

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“PLAN something for the future and write your goals down.”

This was the advice that was given by well-known author and public speaker Marc “GG” Alcock to women who are part of the Self Hope Saving group in a talk they had at Metropolitan Methodist Church last Friday.

This talk was organised by the Thandanani Children’s Foundation.

The purpose for the meeting was to give the women a chance to meet with Alcock and also ask questions as to how they can grow their group and other side businesses that they run.

Alcock, who focuses on business in the informal sector, said it is important for everyone in the informal sector to have plans for the future. He said they must also think about getting into a partnership with other people to make their businesses successful.

“Most of the time if we want to know the business we look through the window as to how other people are running their business, but the truth is if you want to develop your business you need to look in the mirror — you are the only person who can turn things around.

“Sometimes we miss opportunities because we are busy thinking about what other people are doing and not think that there are opportunities for us as well.

“Successful businesspeople do not think about getting rich now, but they think about the future and that is the directions that you must take as well,” said Alcock.

He said people need to change the way they think about managing a business if they want to make it big. They must always look for other opportunities all the time, he added.

“Opportunities are different. Look at the opportunities that are very rare. You might think that you are a small business but the truth is you have so much power. You need to change the way you think and also change your children’s mind into the right direction of business,” said Alcock.

“I once told my children that they must not think that when they finish school they will get a job, but they must think about starting their own businesses.”

Thandanani Children’s Foundation co-ordinator Jess McTaggart said Self Hope Saving groups are made up of mostly women who are supporting families of their own families, children and orphans that they have taken in as well.

“The main aim with these groups is to help the disadvantaged youth and families to become self-sustainable.

“Although these groups are for emotional support, they are also micro finance groups where the ladies save money every week and circulate this money as low interest-bearing loans so that they can start their own businesses,” she said.

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