Along with reaching your own goals as a young entrepreneur, by opening your own business, you also contribute a variety of things to society. We take a closer look at four different ways this is done.
Innovation
Entrepreneurs help to identify and fill gaps in the market through innovation and forward-thinking. This solves problems and often aids in ensuring a better quality of life for many South Africans.
Employment
The South African unemployment rate is currently 27,5% – one of the highest in the world. Entrepreneurs help to counteract this statistic by creating jobs and contributing to the country’s economy.
Local-Friendly Boost
Home-grown businesses are wholesome and practical in so many ways. Plus, they influence the local community in a positive manner by uplifting, inspiring and catering to the needs of the people who live there.
Employee-Centred
Larger corporations are all about increasing that bottom line. This often means that as long as the work is getting done, there’s very little concern around who is actually doing it.
Smaller businesses, however, mean a much closer-knit group of people. Since the entrepreneurs themselves are working hand in hand with their employees, they’re much more likely to care about their needs, problems and concerns. This results in a vastly improved business culture and work-life balance for all.
If you’re a budding entrepreneur, you’ll need the right guidance to help you maximise your skills and your vision. Join the SA Teen Entrepreneur community to become a leader for the new South Africa and successfully realise your own ideas and innovations.
