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“… for the first two to three years you have to be ready to have an equal measure of pain and joy with a strong tilt towards pain for most of the first 18 months."
Abai Schulze, founder of ZAAF (Ethiopia)
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“We learnt that the best way for us to build a lasting business has been to invest in our staff, and in training them well so that they want to stay and grow within our business.”
Johanna Mukoki, co-founder of Travel with Flair (South Africa)
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Friday, November 2, 2018
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experiencing a major success streak, and wonders if it is ever going to happen to you? Or perhaps you feel you may have left things too late and the best is already behind you, then here’s the good news. According to a fascinating study from Northwestern University in the US which has just been published, it is never too late to hit your peak. That incredible hot streak of success that you crave may still be ahead of you, and age is not an issue. “The traditional way of thinking is that once you pass 45 years old, the chance for a breakthrough is lower,” said Dashun Wang, associate professor of management and organizations. This is simply not the case. Your hot streak “can be with equal probability your very first work, your very last work, or somewhere in the middle,” he adds. So, maybe your best time as a woman entrepreneur is still to come.
In a few days time, the winners of this year’s Anzisha Prize will be announced, Africa’s biggest award for the youngest, brightest entrepreneurs on the continent. The award celebrates innovation and looks to recognize and encourage a new generation of young business builders in Africa. It is a reminder, not that one should be needed, that our young people are the future and we should be encouraging them to think more entrepreneurially. We need more young women in particular to consider starting a business that can change not only their own lives, but those around them in their communities and in their families. We should be educating and informing them to consider entrepreneurship as a first choice, not a last resort. They should have access to strong women role models who are successfully building businesses that are making a real difference on the continent. So when we see the bright young winners of this year’s Anzisha Prize being celebrated, let’s use it as a source of inspiration for the thousands of young women in Africa who are waiting to turn their dreams into business realities.