How we can help small companies grow into bigger businesses

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Opinion | How we can help small companies grow into bigger businesses

Solving the unemployment crisis by teaching people to be entrepreneurial feels like resolving the National Health Insurance debate by teaching people to be healthy.It is true that more jobs are created by new small businesses than by any other means. Entrepreneurs create jobs by creating businesses, while most bigger businesses, at best, maintain their levels of employment. We should be doing all we can to encourage and equip people to start businesses.

In one sense, that is excellent news. In the recent past, young people aspired to enter government or a big company, so anyone who has travelled in our continent has seen that SA has a far smaller ecosystem of thriving independent small businesses than the rest of Africa. That works about as well as taking my illness to an administrator rather than a doctor — or taking my insurance application to a doctor, instead of an administrator.

 

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