Editors Note: This article written by Stephen Cohen of SAGE is an important one, talking about a trend that is increasingly not a trend – it is becoming part of our eveyday. The promise of artisan entrepreneur is a tempting one – earn a living, grow a business and do what you love. But, as Cohen shows fullfilling this promise to yourself will require smarts, and hardwork.
The rise of Artisan entrepreneurs in South Africa – and what it takes to succeed
Around the world – from the trendy east of London to the hipster capital of Montreal’s Mile End – the so-called ‘flat white economy’ continues to rise. It comprises the thousands upon thousands of artisan entrepreneurs selling craft beers, ethically sourced coffee and organic, gourmet foods to consumers who crave healthy, sustainable and authentic eating experiences.
Artisan entrepreneurs started their rise after the 2008 recession. Just consider the fact that nearly one in five beers consumed in the US today is a craft brand, or that specialist coffee shops sales in the US have tripled to nearly $50 billion since 2002. And the trend has been picked up in South Africa, with more and more Small & Medium Businesses across the country serving customers with locally sourced ‘farm to table’ food and handcrafted products.
SAICA and J.P. Morgan sets out to help 100 SMEs reach new heights. Through the Enterprisation J.P. Morgan flagship project, 100 Gauteng SMEs will be selected to receive partially subsidised back office accounting support and …