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Kick-starting the economy

As revealed by StatsSA, the economy shrunk by a further 0.7% – this marks two consecutive periods of contraction, which therefore equates to a recession.  Earlier in the week, some economists were cautious about SA’s perilous financial status. A shock 2.2% decline in the first quarter of the year caught many by surprise. Industry professionals still remained confident a positive figure would be produced on Tuesday, but it wasn’t to be. So officially, we are in a recession.

How can we respond to the “Ice Berg” of recession?

Here is a light hearted, yet possible way entrepreneurs can make a difference.

The strategy sounds like this:-

Aim lower

                Think smaller

                                Give up

                                                And go have a cup of coffee

These small steps appear counter intuitive, but let’s dig a bit further…….

Aim lower

There is general agreement that entrepreneurial education should start at grade R level, not at post matric level. If we want to see real meaningful change, we should aim our efforts at a lower age. I attended a recent workshop on entrepreneurship in schools in Kuilsriver. South Africa is seeking to role entrepreneurship out at school level. I was informed that this will be a first in the world. Let’s trust that this helps shift young minds and help to identify many opportunities out there.

Think smaller

We are grateful for the impact in job creation and contribution to GDP that Corporates bring to the country.  Yet there is unanimity that the real opportunity for big growth lies not with big business, but with small business. How about a focused, collaborative approach to making the entrance of small businesses easier; tailored support for those that show resilience, and generally making these men and women (hopefully many young people?) the coolest guys in the room?

Give up

One of the challenges that emerging entrepreneurs face is that of very limited resources and exposure to support. A meaningful way to unlock more opportunity is when those organisations, businesses and individuals have resources to share and “give up” or pay forward some of these in benefit of others. Examples can be when businesses contribute to enterprise development programs, when successful individuals share their journey, and when organisations volunteer their resources.

The CFE is appreciative to have all three of these “give ups” at work. Thank you to all of you for helping our beneficiaries…..shift.

And go have a cup of coffee

Sometimes all it takes for a person to grow and take opportunities, is for another person to believe in them.  How about us taking some time to think whom we can have a cup of coffee with, get to know them and perhaps ….believe in them.

Everybody can be great…because anybody can serve. You don’t have to have a college degree to serve. You don’t have to make your subject and verb agree to serve. You only need a heart full of grace. A soul generated by love. Martin Luther King

Let’s set our economy growing!

 

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