Building a social capital or investing in people is one way to build a steady stream of opportunities for income. The World Bank revealed that poverty is bound to increase with 0.9 percentage points for 34 countries. In sub-Saharan Africa, the rate of poverty is projected to increase by 1.3 percentage points if this region is considered alone. The occurrence of Covid19 has further exacerbated the rates of poverty and increased the population at risk to falling below the poverty line. The case is not any different for fresh graduates from university and institutions of higher learning. The degree or educational qualifications may not shield them from this scourge as they struggle to put their lives in order, earn an income to sustain themselves and pay off their student loans. However, walking the journey alone places twice the burden on you as an individual. The current business and employment field requires a significant investment in social capital that contributes to easy management of the associated challenges of starting out. Our first years in business proved this concept. We had nothing to show for it but our commitment as a group that stood together to build a business. The level of support presented and the brainstorming made this possible. We started out after losing our jobs and finding ourselves in the unemployed group struggling to attain our daily needs. Without the group, it would have been almost impossible to work our independent ways out of the joblessness and challenges associated with starting out. This proved that together and with a collective effort, it becomes possible to address poverty. A network of friends and or associates eases the burden. Networking builds the social capital necessary for one to address their income needs as it offers opportunities and collective thinking.
Comments