Out of crisis comes opportunity. Remember that many great companies have risen from the ashes of distressed periods. Google, SalesForce, and Facebook were started just before a period of financial stress. Uber, Venmo, Slack, Airbnb, and Pinterest all emerged from the 2008 financial crisis. There are advantages to building in a less heated economy: hiring great talent gets easier, there is less “dumb” competition purely fuelled by capital, one learns to think smarter to build an edge into the upturn, and more.
After the announcement and news on raising our first external round of capital, several budding African entrepreneurs have reached out to me through various social media channels asking, “Tesh, please could you share some tips on how you did it?” Reflecting upon the same and the numerous congratulatory messages that came streaming in this past week… Continue reading My top lessons from fundraising for our startup in Africa
The Struggle is when you wonder why you started the company in the first place. The Struggle is when people ask you why you don’t quit and you don’t know the answer. The Struggle is when your employees think you are lying and you think they may be right. The Struggle is when food loses… Continue reading The struggle is where greatness comes from
In 2007, Faraz Ramji co-founded Norda Industries with the mission of creating growth and opportunity in East Africa by providing consumers with quality, innovative and fun products. In the last 10 years the company has been manufacturing snacks and has several well-known brands such as Urban Bites, Urban Stix, Bitez and Tamu Tamu. Fast forward… Continue reading The obstacle is the way
The KCB Lions’ Den is Kenya’s biggest business reality television show. The series is modeled around a TV production which originated in Japan as Money Tigers or Tigers of Money. The TV format has since been customized and successfully launched in over 20 other countries globally with versions being shown in UK, Australia, New Zealand, Israel,… Continue reading Our Lions Den Experience with Cloud9xp
Today, I share 20 nuggets for nobles. A special post to the entrepreneur, the unstoppable entrepreneur! With tips to guide you as you awaken the giant within you! Here we go… Take risks in your life. If you win, you can lead; if you lose, you can guide. People are not what they say but what they do;… Continue reading Nuggets for nobles
I was just going through my notebook when I came across some notes from a year or so back. I will not take time to rip apart each point because I am quite engaged at the moment. However, I will do that and share my views in a later post. I believe that it takes more or… Continue reading Becoming a GIANT
The highly anticipated post is here! Doing business with friends! First off, I would like to disagree with the popular motion, “never do business with friends”. I strongly believe that it all depends on the approach you take while choosing who to do business with. Typically with friends, it’s easy to dive into a startup opportunity… Continue reading Can friends and business mix?
It seems like almost every young person wants to be rich these days, chasing the glory and status of being the “NBT” – The Next Big Thing. Sadly, most of us are “wantrepreneurs”. We are wannabe entrepreneurs. In my opinion, we lack what it really takes to become rich. I have been going through as many articles and books as… Continue reading What it takes to be Young & Rich