Finweek English Edition - - ENTREPRENEURS -

this en­trepreneur­ship fea­ture one of the re­ally in­ter­est­ing as­pects for me is the con­cept of build­ing wealth in your busi­ness. That might sound a strange state­ment but in the South African en­tre­pre­neur­ial sec­tor there’s a lot of hype about start-ups and ven­ture cap­i­tal – which is great, but doesn’t re­ally trans­late into a lot of per­sonal wealth over the short term.

With many read­ers look­ing for in­vest­ment ad­vice and knowl­edge, I think some­times we for­get how much per­sonal wealth can be built up through a small busi­ness. I’ve re­ally en­joyed hear­ing the sto­ries about peo­ple who have cre­ated busi­nesses now worth R10m to R20m. For many South Africans that can make the fun­da­men­tal fi­nan­cial dif­fer­ence be­tween be­ing able to sur­vive in re­tire­ment and be­ing able to re­tire com­fort­ably.

Don’t for­get that just as prop­erty, stocks and shares can con­trib­ute to sig­nif­i­cant long-term wealth, your busi­ness is also a source of value and not just a sur­vival tool.

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