Entrepreneurs: FIRST or “second” economy? If you are an entrepreneur in the FIRST economy in present day South Africa it likely that you will receive all the support you need and the likelihood of failure would be minimal. If you are an entrepreneur in the “second” economy they is 99% chance you will fail because you do not have the support of the system and all its resources. If in the First economy, and you succeed, you will increase your personal wealth but you will make very limited impact on poverty alleviation and jobs creation If in the “second” and you succeed, you increase both your personal wealth and will make a meaningful to reduce poverty and create jobs. The latter scenario is the setting for a performing Social Entrepreneur. Currently the systems and sub systems in South Africa support entrepreneurs in the first economy. There appears to be an intention to support entrepreneurs in the “second’ economy, but these intentions and systems used are geared for the first economy and hence the No fit and No purpose. Yet, neither FIRST nor “second” economy can be mutually exclusive. By the very divide they pose risks of loss, social alienation and together create an uncertain and unsafe environment to do business. The First economy (minority in numbers) and “second economy (majority in numbers) need to meet at a round table – the Economic Codesa – work out a road map for engagement. South African Small and Medium Enterprises Federation – SASMEF – has already made a preliminary table as a forerunner to the Economic Codesa. The opportunity is called the University of the Western Cape Chancellor’s Round table for economic development. Both first and second world stakeholders in the economy are invited.
Posted on: Thu, 04 Jul 2013 08:53:32 +0000
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