African Entrepreneurship Record

Moreover, Bob can't afford to pay his salary now, so he can only cooperate with others to do business. There is no better choice than Lilette, his high school friend.

But Li Laite also had his own concerns. As a scumbag who was educated through low-cost compulsory education in East Africa, Li Laite spent most of his time on campus, so he still hoped to have a stable job.

The job assigned to Lilite was that of a furniture factory worker, which was not much better than Bob's linen textile factory. However, Lilite considered himself to be relatively hard-working. After all, in East African secondary education, students' physical fitness was above the passing line. Although it is not as good as many child laborers in Europe who are forced to work at an early age due to family and other reasons, it is not like the kind of nerd who cannot lift it with his hands or carry it on his shoulders.

This is actually easy to understand. The cost of education and physical education in East Africa is low. They don’t even need textbooks or highly qualified physical education teachers. In addition, there are few class hours, lax management, and adequate sleep. Most students are very healthy. .

So Li Laite said: "I feel that I am still suitable for working in a furniture factory. After all, I don't have the hands-on ability like you. Although the work in the furniture factory is a bit tiring, it is more stable and there is no need to mess around."

Bob warned: "But the room for advancement is small, and it is difficult to get ahead without connections. But starting a business with me is different. We are our own bosses and can allocate our time freely, and how much money we make depends entirely on our ability."

"I am responsible for product production and you are responsible for sales. With this division of labor and cooperation, I will definitely earn less than in the factory. Now that the policy has been relaxed, free choice of career in the future will definitely be the general trend."

Bob knew that Li Liter was a good eloquent person, at least much better than him, and Bob needed Li Liter's help in selling his products.

Li Laite nodded and said, "That makes sense, but I'm afraid my parents won't agree."

Bob: "Your parents can't control you forever. Besides, we are adults now and can make decisions about our own lives. Besides, except for us in East Africa, most countries in the world have free markets. In this case, start a business with me." It’s not shameful, we might be able to create those mythical achievements of wealth in the United States..."

With Bob's affection and Xiao Zhi's win over him, Li Laite finally relented and said, "How about we give it a try first, and we'll limit it to three days. If the sales results are good, I'll work with you."

Bob nodded and said, "No problem, I'll be responsible for providing the product, you go to the streets to sell it, and we'll make the final decision based on the results after three days."

So the two people started a preliminary attempt, and Bob worked overnight to finish a batch of finished radios. The next day, Lilette took the rather crude finished products and started his own sales trip, which was somewhat similar to selling CDs on the streets or sneaking into schools to sell CDs in his previous life. Ballpoint pen salesman.

Although Bob's hand-made radio is relatively simple, radio as an electronic product is still considered a high-end household appliance in East Africa.

After calculating the cost, the two set a relatively reasonable price, which is one-third lower than the sales price of radios on the market. Regardless of appearance and source, the specific functions are not much different.

To the two's expectation, the product sold very well. As the most developed city in East Africa, Dar es Salaam's citizens have good spending power. In just three days, eight radios were sold, and the accounts were divided. The daily salary is obviously much higher than that of factory work.

Seeing that he had earned more than 20 Rhine guilders from selling hand-operated radios, Lilette was extremely excited: "Bob, this is the first time I have received such a large sum of money since I was a child. I earned so much in just three days." , it would be unimaginable if we could do it for a year.”

Bob was also very excited: "I would say that this business has a great future. There are still many rich people in Dar es Salaam. We underestimated the market potential. There are few people in the market now, which is our advantage. As long as we get a head start, we can be among the first to eat crabs. This is much better than working tirelessly in a factory. When we earn more, we may be able to open a small workshop, and finally After upgrading to a factory, we can also become factory director-level bosses.”

Li Liter deeply believed in Bob's words. After all, real income was more inspiring than any words, and this strengthened the two people's confidence in starting a business. In this way, Bob and Li Liter earned a lot of money in life by rubbing the radio with their hands. The first pot of gold.

In the future, these two young people relied on this business to further expand and strengthen, and established their own company, specializing in the production and sales of electrical products, which was considered a small achievement.

Across East Africa, there are many people like Bob and Lillet who choose to start their own businesses, and they have also created a large number of wealthy people. With the injection of foreign capital, the entire East African social economy is booming.

Of course, due to the low start-up capital, the gap between private capital and state-owned capital in East Africa is still very significant. The East African government controls the lifeline of the national economy. East Africa still has a planned economic system. The free market can only be considered important in the current East African economy. In addition, the impact on the overall economy of East Africa is relatively small.

However, it has greatly improved the development of East Africa's service industry, light industry, and handicraft industry, making East Africa's industrial structure begin to develop more balanced and comprehensively.

Accompanying this was the partial social unrest in East Africa from 1911 to 1913. The liberalization of market competition directly led to operating difficulties for a number of East African state-owned enterprises, especially many small local enterprises that were not enterprising.

Such small local enterprises can easily be replaced by some handicraft workshops or other private enterprises, and the East African government has to upgrade and eliminate these enterprises.

The word unemployment also began to appear in East Africa, which led to a certain degree of increase in criminal activities in East Africa and an increase in the business volume of East African police stations.

But overall, it is within the control of the government. Although the unemployment problem has appeared, it is not large-scale in the overheated economy. As long as you are not lazy, you can basically find a job, but people's hearts cannot stand the test, and there are always people who want to take shortcuts and take risks.

The advantages and disadvantages of the new economic policy have begun to be clearly reflected, but compared with the degree of chaos in European and American societies, the overall social order in East Africa can be said to be very good.

In general, the economic development of East Africa is now in a state of vitality, and the growth rate of East African industry has even exceeded the First Five-Year Plan and the Second Five-Year Plan.

According to common sense, it is impossible for East African industrial development to achieve results in the Third Five-Year Plan period than in the previous two Five-Year Plans, but the new economic policy and large loans are equivalent to injecting new blood into the East African economy.

During the Third Five-Year Plan, East Africa was under pressure from rapid population growth and relatively lagging overseas market expansion. Against this background, it achieved more brilliant development achievements than the first two Five-Year Plans, and the New Economic Policy played a great role.

Ernst was happy to see this happen. Although many problems were caused in order to develop the economy, in order to cope with the problem of insufficient production capacity that might arise in the future World War I, these small problems could be ignored for the time being and adjusted and solved after the war. Ernst only ensured that the general direction of the country was correct. As for the mistakes in details, many of them were unavoidable.

Even without the New Economic Policy, East Africa would have many corresponding social problems. Any policy should be adjusted in line with the development of the times. A society that remains unchanged is a dead end.