Why most entrepreneurs fail & how to prevent it from happening to you.
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- เผยแพร่เมื่อ 16 พ.ค. 2017
- So let’s begin… Vusi is a disruptor.
At 25 he ran a R400mn division in a R17bn multi-national and today is widely regarded as one of the most disruptive forces in venture capital in Africa. He was amongst the youngest directors of a listed company in South Africa and now serves on several boards.
Currently, he is the CEO of a boutique investment & advisory firm in Africa. Leading by example, his firm forces medium, large and listed businesses into much needed, often painful, always lucrative new directions.
Having graced the covers of Entrepreneur Magazine, with features on Forbes and Inc500, his social media engagement often mirrors that of a Rockstar.
Vusi is a consummate speaking professional! On and off stage. He doesn’t just talk business - he lives it. For real, he walks, talks and breathes it! You see he does more than simply inspire revolution, he’s the guy that initiates it.
He has been the catalyst for change in businesses across the globe through expertise in strategy, leadership and sales.
A staggering 21 global cities have experienced Vusi. Oh and add New York, London, Paris, Lagos, Jersey, Guernsey, Rio de Janeiro, Dar es Salaam, Sao Paulo, Buenos Aires, Colombo, Nairobi, Kampala, San Francisco to the list.
That’s what you get when you talk about things that make perfect sense.
Man you have to tell pple to stop paying DSTV, they must install Wi-Fi in their homes, coz we not learning anything from Genaration, Uzalo but with WiFi i can listen to you i can listen to Denzel Washington n im learning big... Ey i dont watch tv now im work for someone now getting 12,000 salary n my business gives me 10,000 every month
That's true
Yes yes yes yes and yes
I agree
The best thing I've learnt is that a small business doesn't need a business plan
"Start where you're, do wat u've to do, so you can do wat u want to do" (9:49) Nice message!!
One of the best interviews I've ever seen in my entire life! Both the lady and Mr. Thembekwayo have phenomenal minds!
YES! I agree
True
Facts !!!
@@Moyawethu.
P0ll
I came here to make this comment, and I found. You beat me to it.
"But I am not going to give you 3M to buy a farm and buildings and put eggs in it and chickens and then sit and wait for some miracles to happen." I like this statement. You hit the nail on the head brother.
Vusi, you speak the truth. The principles you discuss here is relevant for any person doing his own business!!
Financial track record, waaaw!!!
Vusi, I'm not sure why I'm just now hearing about you brother! But I'm glad I did. You've just eloquently articulated what I believe. This is not just for South Africans, but all of Africa. Thank you sir!
Salem Soni , brother we're listening here in the the U.S.A. as well. I have so much respect for this young man.
Stumbling into your TH-cam channel was one of the greatest things that happened to my entrepreneuring live. .. from Nigeria
Same here bro #connect me for more
I personally believe business plans are important because it sort of creates a relationship between the entrepreneur and the business itself, if you don't plan, you plan on failing. A business plan is the constitution of a business, just as a country can not run without a constitution so can a business not run without a document. It is fundamental that the business owner has a relationship and a broader understanding of the aspects of the business. Maybe Vusi speaks as he does because of his long term experience but for the beginners and even for those who are not beginning planning is good and having a document which directs the business is absolutely important in ensuring plans are executed. As an entrepreneur one is an architect and the plan is something which the architect plans on executing those very plans.
10000% agree, however, you constantly have to GROW and ADAPT to constant changing markets which could be volatile at times and you have to be prepared for the unexpected and WHEN the unexpected happens, adapt...
Yeah I definitely agree on that one how can you jump into something being tested rather than putting thought into something, you try and jump into a certain market where there are big sharks out there and you'll most likely get destroyed by the competition unless having a business plan to exceed for a more precise knowledge in your business just puts more assurance in the business idea.
I'm here in 2020
me too. Entrepreneurship still is great
This guy is a prodigy. Period!!!
it's about time we had brains like these on the continent
SouthAfrican language sounds woop
Thank you Vusi, when im down and unmotivated.I just hope on TH-cam and watch one of your videos :)
From Mozambique I just do the same
Great insights Vusi, we should step up our game as Africans
From Kenya
I think I've watched this a 1000 times. I can even recite the words😂😂😂... I've never seen an interviewer that can match Vusi like this.. Props to the both of them 🙌🏾
Now that's a Real Entrepreneur's Perspective not the one that read it in books!
Thanks a lot for this video!
This is the type of guy that get the job in a 1st minute the interview started and if the interview was meant to take 30 minutes it takes 2 hours. This is what "thinking outside the box" mean.
Wow! This video needs to be re-trend, re-cycle, viewed and shared many more times again...so inspirational. We all need to get up and make the world a better place through entreprenuership. Thank you!
I learnt what you addressed late 😩but I'm glad I'm on the right track 😊. Worst mistake I made was to cease embarking on my plan due to lack of funds. Do what you can, with what you have 😊
I never saw or heard about this guy before. He is brilliant.
Discovered your channel by mistake and I've been watching and hopefully actually learning. Keep keeping on. We need this your knowledge.
That "me" at the end 😂😂😂😂
I am a 24 year old man with a mission and vision of building an empire one day..just realized reading your book and books to be released would be a first step towards the goal.. raw facts for current generation and coming one. Thanks
did you buy the book?
Hi Mr. Vusi thembekwayo am from cameroon and am really enjoying your teachings let's as Africans learn from this Indians and asians ,I really wish you and your team can organize a workshop in cameroon
I congratulate you from Jamaica 🇯🇲 I am learning from you
Vusi knows his staff. Inspiring man.
I am really inspired to go great heights in business. Thank Mr Vusi.
Extremely educational and mind opening. As an entrepreneur and business TH-camr i cant stress enough how important it is to be humble and start small and be patient.
Thanks Vusi 🙏
You know what you preach,it reach me.
Respect from South sudan 🇸🇸
Thank you Vusi. Will keep watching this video as much as I can.
This is Amazing, its all about the mindset. The business plans are very irrelevant right now.
Your teachings are very real. Hit like if from Tanzania.
I'm so glad to hear from the way you teach us, welcome to Tanzania bro
we need u in zimbabwe vusi
This is powerful! Really great interview! Wish it was longer!
"Just start" thank you Vusi
our people should learn a lot about from this gentleman. I have, being in the diaspora, learned and tested tried his principles and he is right on.
Greatest startup advice I've heard thus far. Thanks Vusi.
Perception vs Reality : spot on Vusi ....
Vusi Thembekwayo, very key!
Entrepreneurs DON'T need Business Plans to get fund! Love this VT!
I needed to have a back up voice to what I thought
Wow. More blessings to come sir and keep inspiring. 🔥🔥🔥🔥🔥🔥
Wow! This video blew my mind Vusi your Pession is uzzing and I'm in awe. I'm a young entrepreneur strunggling to make earns meat but my dream are bigger than what I'm facing now.
We indeed have to start where we are building small steps. He is an awesome motivational person. Thanks a lot.
vusi you are my obsession Thank you for changing my mindset all i wanted was the land now all i want is you
As former Dutch retail banker: a businessplan can be helpful, and especially for starters or in experience entrepreneurs. It gives you the structure, to execute a successful and profitable mature business.
Remember that it has to be crystal clear what you want, financialplan, prognose 24mnd exploration and liquidity needs.
Are you complaint? regulations, etc.
banks only finance assets and credit liquidity , no salaries or management fees.
for idees you need investers, stockexchange etc.
Boss, I have to hand it over to you! You're wise, intelligent and very knowledgeable. You're a light to those of us who are "in the dark engine room" building our businesses! There's hope for Africa.
Great insights there. Thank you.
🔥🔥🔥🔥!!POWERFUL!! 🔥🔥🔥🔥
Yes I totally agree with your wording~one does not need funding!Entrepreneurs make it happen!
amen, well said with great examples!
Articulate, concise and you offer so many valuable insights for a Micro-Entrepreneur like myself! Thank You! #alwaysafan
Powerful analysis! Thanks Vusi
I TRULY BELIEVE THIS MAN IS MY ROLE MODEL.I WANT TO GET IN THE CANNABIS INDUSTRY AND I HAVE BIG DREAMS BUT IM STARTING SMAL.EVERYONE IN MY FAMILY THINK IM CRAZY WHEN I SAY I WANT TO DO ENTREPRENEUR.THEY ARE SCEPTICAL ABOUT MY PLAN.ITRIED TELLING THAT THE BEST WAY TO BECOME AN ENTREPRENEUR IS TO START WITH A MVP.I ADOPTED THIS MINDSET BECAUSE I REALIZED THAT PEOPLE WHO STARTED SMALL BUSINESSES IS BECAUSE THEY START BIG BUT SMALL.
HOUSE OF WISDOM! I REPEAT! VUSI IS A HOUSE OF WISDOM!!
Wow Vusi is great 👏👏👏
preach 🔥
I love this man! Truth!
Hi, my names are James Jallah. I am from Liberia, Africa. Thanks so much for the knowledge. I'm a small business owner and your wisdom have increased my desire more.
Sunrise was the best.... This lady was the best at interviewing people .... And then Vusi is just the best as well ... Such information is needed to be programmed in the minds of black South Africans who are entrepreneurs and those who are working towards being entrepreneurs
Vusi, thank you!
We need you in DRC.
You inspire me
Thnak you!
happily surprised to see a bro from DRC who listen to this phenomenal person (vusi) a true inspiration. I am on my way to start my own business and I am learning a lot from him. we definitely need him in DRC, but the language would be a barrier coz not so many Congolese speak English.
Same as lecturers who teach MBA or Entrepreneurship but they have never started a business.
Wow.... feeling encouraged...nice.peace
FOR THE FIRST TIME IN A LONG TIME I HAVE HEARD SOMEBODY EXPLAIN THE BASICS OF BUSINESS.
A very powerful conclusion.
visu keep up my brother you mentor me alot congratulations my brother i follow you from venezuela
How is Venezuela
You are an amazing entrepreneur!!! This interview was fantastic. Thank you 😊
Powerful, insightful and honest talk.
Needed this. A little motivation when I lose hope
Wow! This is mind blowing. Its all I need to hear at the moment. Thanks a million🙏
Thank You Mr Thembekwayo🌍
Powerful Vusi.
Start from where you are and go step by step
Thanks for this information and education. Everything you said was in point!
Thank u so much Sir for teaching us how to grow on all sides. Sir,l have been a single woman for 10yrs and it's from hand to mouth l sell frozen foods and food packs and l want to stop that hand to mouth thing cos it's making my business go down so much. Pls l need your advice to be able to stand on my own in business and in all sides. Thank you
The black dragon in it's prime 5 years ago, the streak continues. Damn black people have never been this blessed
This conversation changed my reality VT 👌🏿👌🏿👌🏿🙏🏿🙏🏿
Well spoken guy. Enjoyed this.
brilliant minds of africa
OUTSTANDING!!!
phenomenal interviewer ! 100%
I feel reborn in business thanks million time Vusi
Jesus Christ how on earth did I not listen to this guy before now. He is actually giving me solutions to my current problems
Brilliant !
“Starting things we own & owning things we say we own!
LOVE IT! How informative this information is.
I will never get over this!!! Ever!!!!
I had to subscribe here for good #fromNigeria.
Thank you
Saw vusi on sabc 2 morning live with Leean that's y I'm here. But I like the interviewer more. 😍😍
Great stuff. I'm following you.
Amazing
Thanks for this insightful talk
Vusi, you have it right. You don't need money to start a business,period!!!
I just love this guy
Key points
Biznis plans are not vital
You have to do it.
Do what you have to do to do what you need to do.
Get your thinking right, big businesses are.not built overnight
Start where you are.
Transform your mind, understand that you're building for the first ten years.
Do what you have got to do. So that you can do what you want to do.
Absolutely!
This is inspiring. Thanks for your perspectives Vusi
@Vusi,,, what i have learnt is, we black people we think we are too late so we have to run run run even though we don't know where are the running to, and we don't care if running needs stamina (discipline). I like the Indian example of family businesses and succession plans,, selfishness is killing us😞
Thanks
great insight