We’ve got top tips to help budding entrepreneurs get their start-ups off the ground.
We chatted to Miles Kubheka, founder of Vuyo’s and author of the story behind the TV advert turned real-life success story. He shares some of his tried and tested top tips for making a success of your start-up.
1. Be motivated
‘If you need to search hard to find a reason to be excited about your idea, don’t go ahead with it,’ says Miles.
You need to be 100% motivated and excited about your business before you even get started and that needs to come from within. If you don’t believe in your idea, how can you expect anyone else to support you through it?
2. Be passionate
‘Every day of running your own business brings with it new issues and challenges. If you don’t have an intense passion for what you’re doing and the end goals you want to achieve, you’ll never get through the day,’ says Miles.
Your passion is what will carry you from day to day and keep your spirits up, even if you’re facing difficulties.
3. Surround yourself with like-minded people
Miles advises that you hire the best people you possibly can to work with you on your start-up, and that you always surround yourself with great team members. Your colleagues should be as motivated and passionate about your business as you are.
4. Don’t fear failure; learn from it
‘80% of first time businesses fail, but 80% of second time businesses succeed. The trouble is, only 20% of the people whose business failed the first time will go back and try again,’ says Miles. ‘Failure is a good thing. It teaches you valuable lessons that will make you more likely to succeed when you try again. Only those who quit and never try again are true failures.’
5. Follow all your passions
‘There’s nothing wrong with working on several projects at once,’ says Miles. ‘The best way is to start one project and nurture it into something stable before building onto that and other projects with fresh ideas. If you manage to run several projects well and at the same time, you’ll increase your chances of success. Just remember to give each project the attention it deserves.’
Written by: Candice Curtis