Build!

 

I hope you have evaluated yourself on why you are doing the things you are doing. I assume that you have decided that you are doing what you are doing in order to build a sustainable business.

 We all know what a business is, one offers a product or a service at a price. This is however not the side I am looking at this week. I want to look at the structures behind the transactions. Out of the 5 business structures we have in South Africa I am specifically looking at a company ( Pty Ltd). 

This has ownership and management. Owners are the founders, and directors  and it is required that there should be a board where decisions and other matters are discussed. Then we have management(CEO,Managers) these are the people that manage the daily operations of the company. 

We have to understand that you can own and not manage a company.  So when you start a business you need to decide on what you intent to do in the company. You can be owner or the manager. However most black households are programmed to be on the managing side or the Woking side, do not get me wrong I am not against those who do but not everyone must do that.

 When you own a company your share can be given to your descendents and you will never run out of money unless the business fails but if you have a strong innovative and creative structure, this is just impossible. 

When you are a manager you can be fired and easily replaced or if you are only in it for money you will get tired when the business is not making any.

We need to educate ourselves on these crucial things because  they affect us long term. 

For example 30% of the South African youth is unemployed and we are looking for jobs in companies that  mostly are not owned by black people. Again this takes us to white privilege where you find newly gradutes  in high positions but have a black child with honours unemployed. 

You can't blame them because the company belongs to their great grand parents and they can do as they please. But with the black household we have to start with internships, learnerships and volunteering all because we don't have companies of our own. For example if your ancle had a law firm you would study law and then work in his business with no hassle but  really we don't have that.

 We will continue to be workers and continue to produce workers if we don't innovate and add value. What I am stressing here is that we need to have businesses that will hold for generations to come so that we have " Black privilege". Be in it for long term, be in it for sustainability, be in it for value.

Build, innovate and add value.