Someone could take your idea if you share it too soon

BUDDING entrepreneurs should not announce their business ideas before completing their groundwork.

YouthX Social Good and Sustainability change-maker Candice Chirwa said entrepreneurs should announce their plans once they have ticked all the boxes for starting a business, secured their intellectual property and were ready to get their business off the ground.

Chirwa told the recently launched

Nedbank YouthX development programme that people with money could exploit the ideas to the disadvantage of the owners of the ideas.

The programme was making its way to communities across the country through digital events.

The events over the next six weeks give the youth a platform to learn from various change-makers and experts who share practical knowledge and guidance to inspire them to unlock their potential.

In a A TED-talk style presentation (Masterclass), Chirwa shared tips on how the youth could find and use their purpose to unlock their potential. She is a menstrual health activist and business owner. On the platform, she shared her insights in these fields to ensure the youth were equipped and ready to unlock their potential.

Wendy Selebi, Nedbank’s head of financial education, said young people should discover the financial why that would help make their rands and cents make sense for them. “They should look at their money differently and discover financial purpose. Young people should take the little they have and grow it,” said Selebi.

She said they should then birth a clear vision that would ultimately connect them to a financial purpose.

Selebi said that when they had a financial purpose and see money differently, they can start doing simple things like taking the little money they received as allowances and bursary grants and save them. She said that when they have saved that, they could invest it to grow it. She said that the final stage would be for them to start a side hustle linked to what they were passionate about.