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TODAY'S ENTREPRENEUR ADVICE
Think twice before hiring friends….
"It is crucial to weigh the pros and cons before hiring friends. If you are unable to set clear boundaries, then don’t hire friends as this is likely to put either your business or friendship in jeopardy."
- Tumi Frazier is a South African entrepreneur, professional speaker, author, TV personality, consultant, and founder of Tumi Frazier International, Tumi Leadership Academy, and Tumi Foundation. Tumi is an internationally acclaimed Leadership and Change Management expert who has worked with high profile clients and organizations across Africa, United States and Europe. Tumi has authored 4 books: Courageous Stories of Inspiration; In the Midst of the Storm; Stepping Stones to Success; and Your Moment. Read Tumi's startup story here.
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Building trust in your business, particularly amongst your employees, is a critical foundation stone for success. As the founder of your business, it’s so important that those around you have trust in you, your judgement, and your leadership. When your employees, your shareholders, your suppliers and your customers trust you, they are more likely to engage with the business. And that’s where transparency comes in - if as the founder of the business you are transparent in your leadership and your decision-making, then that in turn will inspire those around you to adopt your values in their own working lives. It’s really all a matter of practicing what you preach. It sends a message that openness, sharing, and collaboration are all core values in your business and ones that are adopted from the top down in the business. So if you want everyone to join you on this entrepreneurial journey and fully engage in all aspects of the business, then transparency is key to building that all essential trust that is needed for success.
Today the world is remembering the life and legacy of Nelson Mandela ‘Madiba’ on Mandela Day, and on this commemorative day this year we are celebrating what would have been his 100th birthday. It’s a good time to reflect on his philosophy in life - he said, “What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead.” So on this special day, we are all asked in our own small way to be inspired by his example and to try to make the world a better place - not just on this one day of the year, but to make every day a Mandela Day. By each of us making a conscious decision to each day do something that can change the world for the better, by giving a little of our time to making a change that’s close to our hearts, or by giving a little of our time to make a difference to the life of someone else, we can start changing the world around us. That’s the best way of remembering Madiba and continuing his legacy!
Have yourself an inspired entrepreneurial day! - Melanie