Leaders: 5 highly successful African business leaders share their best business advice

         Leaders: 5 highly successful African business leaders share their best business advice 

There’s no road map when it comes to entrepreneurship.

Even the most successful business leaders didn't have the answers when they started their businesses. They were forced to figure it out. But you can increase your chances of success by learning from those who’ve stumbled and fallen and picked themselves back up. 

To help in this process, Africaflavour Business News asked several highly successful entrepreneurs and business leaders during an exclusive interview to share some of their biggest business lessons. Read on to see what the founders of brands like Paystack and MFS Africa had to say. 

         

Leaders: 5 highly successful African business leaders share their best business advice 

My advice to aspiring or starting entrepreneurs is to focus on long-term value creation and never lose sight of the "why." Entrepreneurship can be a long, lonely, and arduous journey, so make sure what you are working on will stand the test of time. Avoid jumping on trends just because they are popular and focus on ventures with tangible long-term benefits. 

         Leaders: 5 highly successful African business leaders share their best business advice  

Collaborations and partnerships are crucial. Get the right people on board, pool resources, align your visions and be strategic with your methods towards achieving your goals. Doing these will surely tip the scales in your favour. 

Businesses are bought, not sold. The most important thing is to choose a problem you are excited about solving and focus on that every day.

There is no perfect time to start a business. Whether a crisis is caused by tough economic times or caused by a pandemic, new needs arise that could be short-term or enduring. To be more precise, many of the same needs remain, but they need to be met differently. Ultimately, it depends on the business. The pandemic has had a significant impact on all aspects of life, but pandemics eventually go away. As long as you are creating products that address consumers' immediate needs during that time, you can set up a successful business.