Four young scientists, accompanied by Eskom Expo’s Business Manager, Mmamoloko Rancia Riba, won their place to represent the country at the Indonesia competition, renowned…
Startup governance and the transition from craft to enterprise
When choosing to go into business, the majority of individuals often make this decision in order to move away from a ‘job’ and towards the freedom and opportunity that the concept of being ‘in business’ carries. However, they do not realise that there is critical difference between creating a business that will function as a craft, and creating a business that functions as an enterprise.
In my view, most SMME owners are simply craftsmen and women who own a job, rather than owning an enterprise. And the reality is that unless you truly understand this difference and then work towards making your SMME an enterprise, achieving the freedoms and opportunities that being in business may provide, quickly becomes more of a mirage than a reality.
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