Yes Sara, there are basically only two reasons why start up enterprises fail, lack of adequate management skills and undercapitalization.

There's simply no point throwing good venture capital after bad if everyone is in charge, or all heading in different directions or refuse to take sound advice?

The best model, I believe, for indigenous enterprise, is the cooperative, always provided any and all dissension is limited to a suggestion box; and or, properly conducted and civil monthly (shareholder's) management meetings, where the (fully informed) majority must prevail.

They will need to a generic man become color blind and just accept their advice from the best available source, which may well be Aunty and traditional knowledge?. That said, every desk should be topped with a sign that says, there's not a white way or a black way, just a right way.
Alan B.

Alan, form my experience and observation, the only way is no way. Too much effort and money has been wasted in this area already.

David

To succeed in ventures, ingenious businesses have several hurdles to overcome before the issue of funding is even addressed.
One major problem is nepotism within the indigenous community, a practise that is rampant in all areas of current endeavour, from remote communities to urban organisations.
Another problem is good work ethics. Most indigenous organisations employ more people than a comparative white organisation simply to provide the same service, because indigenous people take far more time off work.
Then there is the problem of employing people who don't have adequate qualifications especially those who have gained certificates from indigenous only programs where the entry level and outcomes are at a far lesser standard than equivalent white organisations like TAFE.
For any business to succeed, they need to be competitive and this means performing at the same, or better level than the competition

Big Nana, that is telling it like it is, no BS, no excuses. The powers that be won't listen to you though.

David

Big Nana, if the stereotyping evident in your post is true? All that means is more mentoring?
Alan B.

Hi Big Nana,

I'm sure there are exceptions, but I have little confidence in pretty much any proposal concerning the entire welfare-oriented population - apart from Noel Pearsons's proposal, born out of sheer desperation, one suspects, that as many young people should be sent away from 'communities' as possible, either to boarding schools or to distant work.

'Self-determination' and 'community' have been frauds. With some exceptions, people who can't avoid having to stay (usually women with kids), I suggest that the vast majority of Aboriginal people at settlements and at the few out-stations still being used, are not interested in either education or work, and by example are turning yet another generation of kids into yet another useless population. Given the genius of Aboriginal people in those settings to turn every promising initiative into yet another welfare scam, I think that, on the whole, Noel Pearson is right on this score.

I suspect that even a proposal such as a bauxite mine on the Cape is seen as little more than a lucrative 'silver bullet', as a means to derive income, hopefully plenty of it, with as little actual effort as possible, perhaps through some corporate shares or royalties scheme. As ever, I hope I'm wrong.

Meanwhile, working Indigenous people are on track to produce fifty thousand university graduates in total by 2020.

Keep up the good fight :)

Love,

Joe