Friday 3 February 2017

LINDA IKEJI: Empowering Younger Girls Through Her Self-Made Secondary School Tour



Linda Ikeji recently started a tour round secondary schools in Lagos State. This is an offshoot of her “I’d Rather Be Self-made-man Project”. The project is basically to share her message which she has defined as “telling girls to believe more in themselves, work hard and never be discouraged no matter how hard it gets.” She further says that she hopes that in the next 5,10,15 years, there will be many more female entrepreneurs and self-made billionaire business women.

She started her tour with Yinkyem Schools and Bosworth College located in the Mafoluku area of Lagos to share her message to the SS 2 and 3 girls of the schools. Linda said she believes this is the age when girls of this age need to be guided as they navigate through their various paths in life. She said the feeling of been an inspiration to 15,16 years old girls is indescribable and that the reception from the girls have been amazing.

Below are pictures from her tour.











We at Under40Achiever sincerely wish to congratulate Linda Ikeji on the launch of this project and wish her many more accomplishments.

SOURCE: Linda Ikeji's Blog

Wednesday 4 May 2016

AFRICAS PROMISING ENTREPRENEURS: Meet Kenya's Eric Kinoti


Call him the Warren Buffet of Africa, you  will not be mistaken. He is Kenyan by nationality . The following is Eric Kinoti’s undaunting  rise from rags to riches. Kinoti scaled several barriers to become a force to be reckoned with in business. He started by selling eggs but  he saw a unique potential  in tent making and manufacturing and within the twinkle of an eye, he has risen to become one of Africa’s promising entrepreneurs. Today, he sits atop five  powerful companies in Kenya. Kinoti has been on Kenya’s  government delegation  to several international economic meetings. This inspiring story of Eric Kinoti has made him extend a very strong hand of mentorship to young African entrepreneurs so that they won’t  face the same challenges he faced when he was about starting up. Kinoti  reveals how he has not only been successful but also how he has been able to establish five  thriving  companies. Excerpts:
Who are you? 
My name is Eric Kinoti, an entrepreneur and  mentor. I am the founder and director of Shade Systems (EA) Ltd, SafiSana Home Services, Alma Tents and Bag Base Kenya Ltd. I have appeared twice on Kenya’s list of Top 40 under 40 and  Forbes Top 30 under 30 in Africa. I am one of the patrons of Kenya’s National Chamber of Commerce and Industry. I’m also  Kenya’s Most Influential SME Personality 2014.
My company, Shade Systems (EA) Ltd, emerged 2nd runners-up and best in manufacturing category in the 2014 Top 100 mid size companies in Kenya, which was organized by KPMG and National Media Group.
My biggest goal is to help as many entrepreneurs as possible to succeed. From the challenges I faced, I recognized the importance of mentorship and how important it is to inspire and guide young people venturing into business.
How did  you become an entrepreneur?  
I’ve always wanted to be  financially independent, be my own boss and create job opportunities.
After I completed my tertiary education, getting a white collar job was difficult, so I started selling eggs and  during this time, I discovered I don’t need salaried employment any more.
How easy was it getting started as an entrepreneur?
It was never easy, and it will never be easy to start up. I faced a lot of difficulties, so many hurdles and obstacles. All odds were against me, but I was determined to make my dream a reality.
How did you choose the line of business you wanted to do?
I saw a need. When I was doing supplies after college, someone approached me and asked me for a tent. I  asked around. The profit I got for being a middleman in this deal was good, so I thought since I had a tough time looking for a tent, why couldn’t I start manufacturing tents and selling them.
I did my research, studied the market and the rest is history.
Another reason that made me choose this line of business is the African climate. We have extreme weather conditions. If it’s hot, it’s usually very hot and when it’s cold, it gets extremely cold. This means for any event to happen and to protect what matters to us, we must have a shade, a tent or a canopy.
What  things did you put in place to get the business started? What did you also do to  speed up  the business in a few years? 
I looked for space, equipment  and did a lot of marketing.  I mean I had  to identify the market, the personnel and the marketing channels.
How did you  build your companies?
One business creates a need and leads to establishment of the others. For example, Shade Systems exclusively manufactures tents. We also offer tents installation and supplies services.  With this, a need to be hiring tents for events and ceremonies came up. I started Alma Tents for this reason only. I provide tents for  different  events.
Bag Base is a subsidiary that manufactures bags. When we manufacture tents, some canvas materials  remain and we use them to make  canvas bags.
Safisana is  Swahili which  means ‘very clean’. Safisana Home Services offers premium home care with professionals and 5 star services.
Every business has its fair share of challenges. What  are the challenges facing your own business?
My youthful age has been a challenge on many occasions. Years back, no one believed in a young person. All the  big businesses were awarded by old folks who never  trusted  in  young people and what they can do.  I  missed several opportunities early in life because of ‘my age’. That’s why I am always happy when I see young people in their 20s getting big tenders and good businesses because it shows the trend has changed.
Putting the brand out there too was a challenge. The tents sector is highly controlled by government or government controlled parastatals, so penetrating such a market and  competition was a big challenge.
I also had capital issues when I was starting up, but I didn’t let this hold  me down because I am an avid believer in ideas. I believe that ideas are the biggest capital one can have. I was without money to pay rent and was indebted to shylocks who almost auctioned my business and went without sales for awhile. But in the end today, they are all success stories.
Why in your opinion do you think African entrepreneurs do not succeed in their business endeavors? 
The environment  around entrepreneurship is one major challenge. For example, in Kenya, if you win  a government contract ,  you will have to wait for almost one year to get paid. This cannot help any entrepreneur prosper. The duration stipulated in the law should be amended.
Another thing is the process of registering a company. While in the western countries, registration of a company takes less than three hours, in Africa it may take up to three months.
We also don’t have so many willing investors. As much as an entrepreneur may have  start-up capital, he also needs operating capital. We need more  willing investors to fund  African entrepreneurs.
Now the problem is not only external. Even within entrepreneurs themselves, there is a problem. Most  youths are not persistent and they’re impatient. They want to start a business and start earning immediately. Quick cash is what they want but this can never happen, so when this doesn’t happen, they jump from one business to another.
For every good thing, there is a process. I faced so many challenges and  I had the option of starting different businesses and leaving Shade Systems to die, but I chose to stick with it, because I knew there is always a price to pay for everything.
Obstacles and challenges are the prices for success.
What are your companies into?
I have five  companies. The first one is Shade Systems (EA) Ltd that manufactures all types of tents, car parking shade, canopies and shade seals. We also install and supply. The second one is Alma Tents Solutions. Alma exclusively deals with hiring of tents, chairs and bouncing castles to event organizers. The third company is Bag Base Kenya which  manufactures canvas school bags, laptop bags, corporate bags, travel bags and many other type of bags. Bag Base also makes leather products like  wallets, folders, menu covers, bill covers, cheque book covers,  mouse pads, blotter pads among others. All these products are customized according to the client’s specifications.
The fourth company is Safisana Home Services which offers premium five star home keeping services. It’s a Kenyan company tailored to provide thorough, timely and extremely professional home support services. We offer  house cleaning and laundry services or recurring residential cleaning and laundry services.
The fifth is the Entrepreneurs Boot Camp which  I use to promote entrepreneurship spirit in Africa and challenge  young people to be better in society.
Entrepreneurs Boot Camp  provides a platform for successful entrepreneurs to share experiences with young ambitious founders and connect them to mentors. The boot camp gives attendees an exclusive  look into the career path of well respected professionals, business lessons learned by successful entrepreneurs and an opportunity to meet and get personal advice from amazing African entrepreneurs, pitch to potential investors and  network.
The entrepreneurial journey can be a very challenging  and young entrepreneurs need to be mentored and offered platforms to learn and network with one another. This year we will be having the second edition in December. I want to use this opportunity to welcome every African entrepreneur. Please visit www.entrepreneursbootcamp.net and www.erickinoti.com to get all the updates on EBC and what we are doing as a build up to the big event.
What does it take  to be in the aforementioned businesses?
One must have   capital, machinery and people.
Tell us about your entrepreneur boot camp. How can Africans from other countries benefit from this boot camp?
As I said earlier, Entrepreneurs Boot Camp is an event that provides a platform for successful entrepreneurs to share experiences with young ambitious founders and connect them to mentors. The boot camp gives attendees an exclusive inside look into the career paths of well respected professionals,  lessons learned by successful entrepreneurs and an opportunity to meet and get personal advice from amazing African entrepreneurs, pitch to potential investors  and network. Participation is  not restricted, anyone around the continent is very much welcome. In our first edition, we had pan-African speakers and participants from as far as Asia. More than eight African states were represented.  This  event is a pan-African event. To reach out to  people who are not in a position to attend, we have a website www.entrepreneursbootcamp.net that you can log into and access the previous edition and vital information about entrepreneurship and power talks from different speakers.
What does it take to be a successful African entrepreneur?
Discipline, hard work, consistency, commitment, perseverance , long term vision, patience, creative and smart thinking.
What’s your  advice to several budding young African entrepreneurs? 
Put God first. Another is to be consistent, don’t be jumpy, stick to one thing and it will pay off. Furthermore, think long term.
Finally, think big, start small, start now. In this life, there are no limitations, we only limit ourselves.
What business lessons have you learnt over the years?
To make it in any field, you have to apply all that I have said above.  God, consistency, long term thinking, smartness and daring.