We are still confused. What is business?

Nikunu Yunupingu says that Yolngu are still confused about what business actually is.

The thinking amongst Yolngu that the government pays money to all businesses is just so strong that it’s stopping all business development. One of the contributing aspects to this confusion is that Yolngu see a lot of non-private businesses on community, such as community organisations where there is no private ownership.

This podcast starts start talking through this massive issue, and covers private businesses, sole traders and Aboriginal Corporations. It talks about the differences in how the “profits” can be used. Aboriginal Corporation get support from government for special projects. But it is very hard for private companies to get direct support funding from government.

Unlike on Aboriginal communities most Balanda run their businesses as a private business or private enterprise. They find what they are good at, what they want to produce, make or service, and then they find out if there’s a market for their idea. If they have a good product and there is a market that will pay well for it then you can build a good business.

There are 4 Stories in this podcast. Please see time stamps below:

  • Part 1 – 00:00
  • Part 2 – 9:05
  • Part 3 – 17:00
  • Part 4 – 25:13