[This article’s points
are taken from my fifth book Township
Biz Adjacent (newly updated) and it is available in all bookstores
I call townships an ECONOMIC CYCLONE.
The population keeps growing and will keep growing.
This means money-making.
Because they will keep needing basic goods and particularly
FMCG products (Fast Moving Consumer Goods), e.g. nappies, bread, electricity,
airtime, clothes, entertainment.
Corporate South Africa has been making billions in townships
‘Soweto has a R34 billion consumption
and a population of 2.2 million people. Tembisa has R20.4 billion and
Soshanguve has R19 billion,’ says a Fraym analysis of granular retail spending data (2019) over the past ten years.
It’s time township entrepreneurs challenged Corporate South
All my books are available in bookstores (Exclusive Books,
Bargain Books and Takealot.com). They are Township Biz Fastrack, Forget the
Business, The Anxious Entrepreneur and Tales of an African Entrepreneur.
YOU CAN SKIP THIS AND GO TO THE NEXT HEADING FOR THE 17 POINTS
The fridge was empty. I swore to myself that the following day I would hustle like I never did before. I don’t know why but the implication of an empty fridge hurts more than not eating the actual food. This can’t be 3rd world problems, can it?
As I said in the previous post, people want someone else to show them how to open
an email account. Ask Google for that.
Figure out how to do things
on your own.
These have benefits. It
teaches you how to research. The best knowledge will not come from school, a
mentor or someone showing you how to do something. It will come from you doing
stuff on your own and consulting other none human sources (the internet or
books) first before a person.
It teaches self-reliance.
You become competent to solve your own problems – if you can solve your own
problems then you can solve other people’s problems. Solving problems is a
skill someone can pay your for.
Importantly, it makes you a
better student. When you test things on your own, you discover things/tools and
new ways of doing things. Then you can go ask someone else to help you, you can
uplift them with what you discovered on your own.
When the teacher feels
uplifted, they reveal a lot more knowledge.
Perhaps one of the earliest good stories for startups and small businesses in South Africa in the lockdown was the grocery delivery app www.zulzi.com getting R30 million funding from an ‘unnamed’ JSE listed company.
I was happy that a South African company – or a JSE listed
company – invested in a local company with a black founder, well, because,
corporate South Africa has scared money.
the Fourth Industrial Revolution easily
Watch the full masterclass here below:
Next masterclass examines and hacks the patterns that innovation follows. It
deals with how we can forecast innovation, participate as innovators, and how
we can arm ourselves with skills that make us entrepreneurs or employees with
A lot of the content we covered on innovation is from my upcoming
6th book Innovate Next.
The book examines
and hacks the patterns that innovation follows. It deals with how we can
forecast innovation, participate as innovators, and how to arm ourselves with
skills that novel skills as entrepreneurs and employees.
Entrepreneurs Immediate Anxiety Cheat Sheet – “I am feeling deeply overwhelmed, a headache is knocking, and I am getting flushes of anxiety. I know I should do the following below but I try to reason that I have important things to get done…”
(Find JPEG image of this cheat sheet at the bottom of the post)Read more