This law states that in a group of 100 people if only 20 have their own business and 80 are unemployed, the 20 that have a business can absorb all of the unemployed and all of them will become employed.
How does this law work?
Let's say among the 20 that have a business, some are tailors or fashion designers, some are hairdressers, some are farmers, some are traders, some are furniture makers, some are restaurant owners, etc.
Those who are unemployed can approach any of them that are in the field or business of their liking and network with them for a profit, or also by bringing people looking for their services to the businesses for a fee.
Make the job go round. Photo credit: Iowa Citizen Action Network
For example, if someone owns a restaurant, some people may approach, and engage, or liaise with them and do food home delivery services. Or someone can approach a shoemaker, and carve out a business agreement whereby they will take their shoes and supply them to those that may be in need of the products for a specific profit.
This law eliminates idleness and makes sure that someone is meaningfully engaged without having the capital of starting their own business.
By a simple and concrete, well-written business agreement, those with their own businesses provide jobs for those unemployed.
Instead of roaming about waiting for an unavailable or limited number of white-collar jobs, using Okechukwu Okugo's business law of job creation, unemployment can be curbed.
Written by Okechukwu Okugo
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