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Greetings my Brothers and sisters in the economic struggle in Africa and abroad.
I am more of an artist than a businessman, I am a poet specifically. My poetry is inspired by everdy life in my comunity (townships of South Africa) and everywhere else in Africa. I see poverty and riches walking hand in hand, side by side. Each class wishing to exhange positions even if it was for one day.
The rich envying what he percieves as some kind of “poor man’s paradise”. While the poor wishing for the “rich man’s heaven of endless bliss”… Both are some how slaves of fear and hope. Fear of falling haunts the rich man day and night while the hope to rise haunts the poor man robing him of sleep at night and appetite by day.
What does all this have to do with start ups?
Research shows that most start ups fail within the first 5years of existance. Major reason being lack of capital! True?
“Success comes to the success conscious man and failure comes to the failure conscious man”… Stephen R. Covey.
Do we start a business because we expect funding? What if there is no one interested in funding our Idea? Do we have alternative funding models? Do we have a business plan? In short how prepared are we? Preparation holds the key. Our staying power and stamina grows from preparation. How start determines our fate, destiny and ending.
I strongly believe that start ups fail because of poor preparation. Lack of proper planning is the reason why most start ups fail. This includes poor or no market research prior to the start up. The business location may be another sign of poor preparation too. Without research it simply means we are gamblers not entrepreneurs.
Entrepreneurs need to develop the ability to build and sustain relationships, relationships with employees, suppliers, community/customers, media/adverising agencies; etc.
Entrepreneurs should be able to start with or without funding. Entrepreneurs start where they are with what they have and work their way to the top. They possess the spirit of risk taking and courage to travel to the unknown, they possess unshakeable faith and determination to succeed against all odds.
I believe that having a clear vision and having a strong desire for success is key to prevent failure of any start up. Unity, honesty and clear communication channels between business owners is another driving factor of success in startups.
When a new business fails, dreams die and society suffers. Small businesses hold a promise to a brighter and stronger economic future in any country they exist in. Small busineses create employment and meet the needs of consumers more quicker and effectively than big businesses. Therefore these start up represent hope in our continent.
Inequality, poverty and unemployment are the major causes of other sorrows like crime, violence and diseases related to lifestyle where people end up eating imbalanced diet due to the fact that they struggle even to afford basic food items.
Lets create jobs my brothers and sisters. Let us not allow our start ups to die. Let us find a way to think arround any problems we face in our daily business activities. Let us unite and work together. If we can let us collaborate more than we compete. For the sake of our continent let us become the change we seek to see out there. As entrepreneurs, we are dealers in hope. Our dreams are the future of this world. Let’s us keep dreaming and thinking big.
Failure is not an option… Forwards ever, backwards never. Remember….you have not failed until you decide to quit!