SINCE WE STARTED
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.