ONE of the problems of unemployment is that without an income, the unemployed do not spend, which means the cashflow in Mzansi’s economy decreases.
One way to defeat unemployment is to embrace entrepreneurship and create jobs for others.
David Morobe, regional general manager at Business/Partners Limited, said to help create the growth required to reach the national development plan’s 2030 goal, entrepreneurship must happen.
“Make no mistake, this is a massive task which no one knows how to accomplish within its time frame. The problem is that youth accounts for 63,5% of all unemployed people.
“This is why they should be the primary focus for initiatives and programmes to develop entrepreneurial skills.”
But to achieve this, youth need to learn a set of skills they cannot get on their own.
“We need entrepreneurs, unemployed youth as well as parents, teachers, civil servants and politicians involved. Families need to become incubators for business.
“Youth need to learn vocations such as welding, plumbing, driving, carpentry, electronics, programming, tiling, panel beating, cooking, designing, farming, painting and sewing.”
Entrepreneurs cannot build successful businesses if they do not understand their industries from the ground up.
“Teaching vocations must not be limited to a single course. Rather, it is a long-term process of constant adaption.
“Small business owners are important as role models and mentors.”
Morobe said access to finance remains a critical but difficult part of business growth.
“Together, investors, crowdfunding, corporate enterprise development, government programmes and financial institutions are part of the solution.”
