The future of employment.

Everyone in business is having a hard time dealing with the disruption and innovation brought forth by the forth industrial revolution.

This means one has to be ahead of every one. This move can benefitial for companies as they will be cutting costs from the the redundancy of human labour.

More work will be done in less time as well as at a lower cost . But if we look at the other hand. The labours are left hanging because their skills are no longer in demand.

How then is the government going to convince us that the people will get employment.? In the SONA 2019, President C Ramaphosa promised millions of jobs to South Africans, but what kind of employment was he refering to if he didn't even touch on small businesses?

What does this mean for the businesses in the rural areas?
It means they must educate themselves about this 4IR and how it will benefit and impact their traditional ways of doing business. We can fool ourselves about creating more jobs but I tell you this is nothing but a bad joke.

The solution is learning how we can use technology to solve the problems we are faced with in our communities.

We need to bury the mentality of having to be employed and start with innovation.

Woe unto those who are lazy and never want to be out of their comfort zone.
Develop that Mind.

Comments

Supply

Supply- supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object ( WikiPedia) I found this topic to be of great interest in a sense that one can be in and out of business because of a supplier. Demand and supply makes up the foundation of an economy. In business we can have an obstacle of a supplier. Recently I have halted selling a product due to a problem I had with a supplier. The supplier ran out of business and it was difficult to even find another supplier nearby. A supplier can increase prices meaning you also have to increase your prices. This seems simple but it tends to be difficult to maintain one’s clientele in such a situation. This problem of suppliers come with the risk of running a business, one must always be on the look...

Physical efforts

Taking care of your health. When you are in business you are taking care of alot of things and people. One must be both mentally and physically fit to exercise such responsibility. Reading is an exercise for the mind and working out or running is for the body. Business is about trust and how do you trust someone who looks like they are about to give birth? That is unhealthy. Heath concerns me alot and people need to educate themselves about the kind of food they need to eat. A healthy individual will run a healthy business. Physically appearance is everything especially in the service sector. Therefore, be neat, healthy and fit. Exercising for an hour a day will make a whole difference in your life and your business. Develop that mind

Competition

Why not compete? Competition is inevitable everywhere , people always want to be part of all the profitable markets , that's the business system. The issue is how do we deal with competition and how do we ensure that our services or products add more value than the others? I believe when one is faced with competition " Your Why" should direct you and help capture the market. But as you know how black people are, we want to eliminate the competition as soon as we see it, we tend to focus more on the outside factors instead of being strategic and aiming for innovation. Things in business almost always never go according to plan but one must find ways to stay relevant and to continue with the vision. Competition is our number one enemy and this then hinders our progress . We need to learn that it's an inside out factor not vice versa.

Rural Business

Search This Blog