Viewpoints | Jan 07,2024
Dec 10 , 2018
By Hanna Haile
In a debate about how the government can encourage entrepreneurship, a statement recurrently made was floated.
“At the end of the day, businesses just want to make money. They don’t care about anyone else,” it was said.
But what is wrong with making money?
We hear of such sentiments whenever the issue of local business is raised. And it seems, money, despite the paradox of most people’s aspiration to make a great deal of it, is not exactly considered honourable. Yet maybe this relationship we have with money is the reason why we continue to strive for less at times.
Life is not made of handouts - we have to pay for things what they are worth. And asking businesses to function like nonprofit organisations is insulting. Our country needs to build healthy businesses that can profit by competing, attracting and providing customers and clients with good services and products.
Who do we benefit when we praise those who have given us service for no money?
Some suggest that the relationship that we have with money can best be described with a culture of self-denial, best expressed in the Amharic word Temesgen, which refers to being grateful for what is already at hand.
There are those that think this mentality does have an effect on our work culture and understanding of money. The superstitious assumption that if one is not thankful for the gains of today, they will lose what is already owned, is hard.
Often those that own businesses are opposites. Some are greedy, willing to do the minimum task for the maximum possible price, while others actually do their best but fail to request enough compensation for their work. Yet it is those in between who are getting the wrath of the public.
A company with a good business model can do more to uplift our country than any non-profit organisation. As a social worker, I have seen many become dependent on handouts. Yet what communities needed was to regain their pride at providing for themselves. Any business that gives the opportunity of employment is pushing our country forward.
A local businessman once shared with me the difficult path of his life when he was younger, reminiscing about studying on the street with street lights as his family’s home did not have access to electricity. He even remembers wearing brand new shoes for the first time at Addis Abeba University.
He is an older man now with two children in their late twenties. And today in both his businesses he employs those living on the streets. He gives them a place to live as they train to be service providers, and most have either stayed with him or started their own business. He would like to do more, he mentions. But through him, many have changed their lives. And he is among the few who turn in millions from his profitable businesses.
Money cannot be the enemy. What matters is the relationship with it and the value we choose to give it in our lives. Money offers opportunities, and while we should not make decisions solely based on it, we should make sure that it plays a factor in our decision-making.
The pragmatism of quitting a job to take on opportunities that offer better pay is admirable. But such decisions need to be squared with a realisation that we need to make long-term investments that contribute to our self-improvement and support our community.
We are capable of living extraordinary lives. Choosing the path less traveled will help us feel a little more fulfilled, even if we are wealthy in the end.
PUBLISHED ON
Dec 10,2018 [ VOL
19 , NO
972]
Viewpoints | Jan 07,2024
Fortune News | Dec 27,2018
Letter To Editor | Apr 18,2023
Radar | Aug 12,2023
Radar | Feb 08,2020
Photo Gallery | 96082 Views | May 06,2019
Photo Gallery | 88351 Views | Apr 26,2019
My Opinion | 66980 Views | Aug 14,2021
Commentaries | 65709 Views | Oct 02,2021
My Opinion | Apr 13,2024
Feb 24 , 2024 . By MUNIR SHEMSU
Abel Yeshitila, a real estate developer with a 12-year track record, finds himself unable to sell homes in his latest venture. Despite slash...
Feb 10 , 2024 . By MUNIR SHEMSU
In his last week's address to Parliament, Prime Minister Abiy Ahmed (PhD) painted a picture of an economy...
Jan 7 , 2024
In the realm of international finance and diplomacy, few cities hold the distinction that Addis Abeba doe...
Sep 30 , 2023 . By AKSAH ITALO
On a chilly morning outside Ke'Geberew Market, Yeshi Chane, a 35-year-old mother cradling her seven-month-old baby, stands amidst the throng...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...
Apr 6 , 2024
In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (C...
Mar 30 , 2024
Ethiopian authorities find themselves at a crossroads in the shadow of a global econo...
Mar 23 , 2024
Addis Abeba has been experiencing rapid expansion over the past two decades. While se...
Apr 13 , 2024
A severe financial stranglehold has been imposed on the banking industry, underminin...
Apr 13 , 2024 . By MUNIR SHEMSU
In an unprecedented move, the central bank has published its inaugural stress test report, uncovering potential fault lines within the finan...
Apr 13 , 2024 . By MUNIR SHEMSU
In a bold departure from its historical position on foreign investment, the federal government has opened...
Apr 13 , 2024 . By AKSAH ITALO
A proposed excise tax stamp system draws controversy amongst industry leaders in the alcohol, tobacco, be...