Items filtered by date: Thursday, 29 August 2019
Thursday, 29 August 2019 16:37

6 GREAT LESSONS FOR THE AMBITIOUS

6 GREAT LESSONS FOR THE AMBITIOUS

It’s 4:15 am here in Seoul, South Korea. I decide to take advantage of being jetlagged and go to the roof of my hotel to watch the sunrise. Before long I’m gazing on a magnificent view of silence. The city is still and the sky is active. A moment of clarity comes upon me for the next hour until the sun has fully risen. I think of Africa and all her people, her innovators, her dreamers, her business owners, her employees, her ambitions realised. As someone who is a business owner on a self-discovery journey, I would like to share with you 6 lessons my business has taught me over the years. I hope this will also help you on your journey. 

  1. OBJECTIVE, STRATEGY AND TACTIC: It’s important to establish what you wish to achieve in the long, medium and short term. Set goals. An objective is the long term focus of ‘WHAT’ you want the business/yourself to achieve. The strategy answers the ‘How’ to achieve this in the medium term. The Tactic is the daily execution of the strategy.
  1. WORK SMART AND STAY FOCUSED: Stop competing with the rest of the world. Identify a market that you can penetrate and really make a difference. It’s by far better to be a head of a donkey than the backside of a lion. Once you’ve identified a market for your product/services stay focused on that. Too many young people start multiple businesses’ in a short period of time, without patience. Trust the method of time, stay focused on one thing at a time to harvest your craft.

"Success usually comes to those who are too busy to be looking for it."

  1. LEARN and be CURIOUS; Your intellectual curiosity is a natural gift from birth. It’s important to harness this to your professional career also. Learn to question your industry and identify what gaps there are. This could result in a great opportunity for yourself. Read books to develop and identify with mentors to learn. Lastly, chase the experience, salary is a very short term objective it comes and it goes, the experience will stay with you for life.
  1. CREATE A METHODOLOGY; Whether your profession is within sales, services or a product. It’s important to document what has worked and what hasn’t. A methodology is born from this rigorous process of trial and error. A good methodology is a process that’s repeatable, measurable and scalable. A great example of this is in the movie ‘Wolf of Wall Street’ where Leonardo DiCaprio’s character creates a sales pitch that he teaches to his team, this yields excellent results for his business.
  1. BE MINDFUL; Emotional Intelligence has never been more important than now. It’s a key attribute that sets apart great leaders vs good leaders. A mindful approach is being present and considerate with every interaction. Be a giver and provide a platform for others to prosper. A great team is the redundancy of individual recognition and the promotion of team achievement. 

     

     
  2. YOUR PARTNER: Who you marry is the most important decision of your career. Your partner will provide incredible support for you to be successful.

About the author

Derek Williams is the Director of Williams Mining. With over 8 years’ experience recruiting for the mining industry across Africa. He is well-liked and respected by his peers and customers.

Founded in 2011, Williams Mining are a leading executive search firm within the African mining sector. They have overseen key hires across Africa and focus on creating and improving dynamic teams, that implement real change and add value.

Published in Business
The Nigeria Union has advised Nigerians living in South Africa to avoid Pretoria Central Business District (CBD) until the Police Authority certify the area safe for foreign nationals.
 
The Nigerian Union in South Africa (NUSA) gave the advice in the wake of Xenophobic attacks early Wednesday morning in that country.
 
“Violent looting and burning of foreign-owned businesses started in the early hours of today, Aug. 28, at the Pretoria CBD. The foreign-owned shops and offices were targeted by angry taxi driver rioters, the President of NUSA, Adetola Olubajo said in a statement.
 
“The violent revolt and looting have been fuelled by the death of a taxi driver allegedly by Tanzania nationals on Tuesday at Pretoria CBD.
 
“Not less than two buildings were burnt by the angry mob. This was done after the stocks in the various shops were looted by the rioters.
 
“The situation was very volatile this morning but the joint efforts of South African Metro Police and South African Police Service members helped to curb the violent looting and attacks, although the situation is still tensed at the area as several roads were blocked for motorists.’’
 
He said as at the time he sent the statement, only two Nigerian-owned businesses were identified to be affected, — furniture/electronics shop on Sisulu Street and Gold Exchange Business on Lillan Ngoyi Street were looted and burnt.
 
“Information reaching us is that some foreign-owned businesses have been marked to be attacked over the night.
 
“The marked foreign-owned businesses include a Nigerian-owned Private Clinic, Nigerian-owned Motor spares shop and a Nigerian Church among others.
 
“The Nigeria High Commission in Pretoria has been informed of the planned overnight attacks and looting of foreign nationals businesses.
 
“We strongly advised Nigerians to avoid Pretoria CBD until the South African Police Authority has certified the area safe for foreign nationals,’’ Olubajo said.
 
Meanwhile, in a joint statement issued from the offices of Gauteng MEC for Public Transport and Roads Infrastructure, Gauteng Provincial Commissioner and Taxi Industry in Tshwane, said it was engaging with the taxi industry following the fatal shooting of a taxi operator in the Pretoria CBD.
 
“Gauteng Public Transport and Roads Infrastructure MEC, Jacob Mamabolo, together with the Provincial Commissioner of Police, Lt.-Gen. Elias Mawela on Wednesday engaged with the City of Tshwane as well as representatives of the taxi industry in Tshwane.
 
“This followed an incident on Tuesday afternoon where a taxi operator was fatally shot near the Bloed Long-Distance Taxi Rank in Pretoria.
 
“The taxi industry representatives tabled their concerns and raised what both the MEC and Provincial Commissioner believe are genuine concerns, which require urgent attention to ensure safety and security within the space in which they operate.
 
“The South African Police Service and the Tshwane Metro Police Department have since intensified deployments and will maintain a presence in the CBD to ensure that no further incidents of criminality recur,’’ the statement said.
 
In the meantime, 10 suspects have been arrested for possession of suspected stolen property, while an additional seven 7 have been arrested for public violence, the statement added.
 
According to the statement, the taxi industry representatives have distanced themselves from the incidents of looting that took place in the Pretoria CBD, and have reiterated on behalf of their operators that there was no aggression on their part.
 
“We had planned for a demonstration to highlight some of our issues with the shooting of one of us, and we believe some criminal elements took advantage and exploited our plan to advance their criminal intent,’’ it quoted Mr Mack Makata of SANTACO as saying.
 
It also said that Lt,-Gen. Elias Mawela made a commitment that police would look into the allegations and assured the taxi industry that feedback would be given in a short space of time.
 
“The taxi industry plays an integral part in the well-being of our communities, so, when they cry out for police attention, it is important that we respond positively and swiftly, in the best interests of the community,’’ said the Provincial Commissioner.
 
MEC Jacob Mamabolo extended his condolences to the family and colleagues of the taxi operator that was fatally shot, and urged the police to prioritise the investigation of the murder case so that the suspect could be found and taken to Court.
 
Published in Business
More than one million people have signed a petition calling for the British parliament not to be suspended from mid-September to mid-October as requested by Prime Minister Boris Johnson, dpa reported.
 
“Parliament must not be prorogued or dissolved unless and until the Article 50 period has been sufficiently extended or the UK’s intention to withdraw from the EU has been cancelled,” the petition reads.
 
The petition, which passed the 1-million mark before midnight, was posted a day before Johnson announced his request to suspend parliament ahead of the country’s pending exit from the European Union.
 
Opposition leaders say Johnson’s request is an intentional attempt to hamper efforts by lawmakers to block a no-deal Brexit.
 
Hundreds of people also staged protest in UK on Wednesday against the suspension with some key figures calling Prime Minister Boris Johnson a dictator.
 
According to the BBC reports, Mr Johnson said a Queen’s Speech would take place after the suspension, on 14 October, to outline his “very exciting agenda”, adding that he did not want to wait until after Brexit “before getting on with his plans to “take this country forward”.
 
Published in World

The Africa mobile phone market declined 1.8% quarter on quarter (QoQ) in Q2 2019, according to the latest figures announced by International Data Corporation (IDC).

The global technology research and consulting firm's newly released Quarterly Mobile Phone Tracker shows overall shipments for the quarter totaled 52.2 million units, down from 53.1 million units in Q1 2019. Feature phones accounted for 58.3% of the market, with shipments declining 3.7% QoQ, while smartphone shipments increased 1.0% over the same period to account for 41.7% share.

"Feature phones remain an integral part of the African mobile phone market due to poor network infrastructure across large parts of the continent, particularly in rural areas, and the ease of use of these devices," says George Mbuthia, a research analyst at IDC. "However, the transition to smartphones is continuing, albeit slowly, and the affordability of feature phones alone was not enough to stop this segment of the market declining in Q2 2019. Smartphones, on the other hand, enjoyed a recovery from the decline in shipments seen in Q1 2019."

Nigeria remained Africa's largest smartphone market in Q2 2019, followed by South Africa and Egypt. Nigeria and South Africa saw smartphone shipments increase 3.6% and 0.2%, respectively, while Egypt saw 18.0% QoQ growth after the market shrunk considerably in Q1 2019 due to the introduction of import registration and other import regulations.

Transsion (Tecno, Infinix, and Itel brands), Samsung, and Huawei were the smartphone market's leaders in shipment terms in Q2 2019, with respective market shares of 37.4%, 27.4%, and 8.7%. However, Samsung had the highest share by dollar value at 40.3%, followed Transsion (21.9%) and Huawei (12.2%). Samsung’s dominant revenue position in the market is sustained through timely product launches across all African markets, particularly in relation to its A-Series devices, which are shipped in large volumes.

Shipments of 4G-enabled smartphones increased 6.6% QoQ in Q2 2019 to account for 70.8% of the total smartphone market, spurred by the declining prices of LTE devices. IDC forecasts that 4G-enabled phones will constitute 74.4% of the African smartphone market by the end of 2020, with 5G phones tipped to garner 0.4% share. "5G-enabled smartphones are expected to be introduced to the African market by end of Q3 2019," says Ramazan Yavuz, a research manager at IDC. "The first country to see the launch of 5G phones is likely to be South Africa, where the 5G infrastructure is being developed by Ericsson in partnership with MTN."

Looking ahead, IDC expects Africa's smartphone market to grow 4.7% QoQ in Q3 2019 to total 22.8 million units. Despite feature phones experiencing an average QoQ decline of 1.8% in unit shipments between Q1 2018 and Q2 2019, the feature phone market will grow slightly in Q3 2019, with shipments increasing 0.1% QoQ to total 30.5 million units, spurred by the introduction of support for basic applications and the ability of these devices to serve as power banks.

"Africa's increasingly tech-savvy younger generation is set to drive smartphone growth and the adoption of mobile services that are transforming businesses and empowering lives," says Mbuthia. "The feature phone segment will continue to decline gradually over the longer term as the continent's telecommunications infrastructure improves and the market embraces positive policies like tax reductions for mobile services and devices. Such developments will enable consumers to access more affordable connections and better devices, thereby driving the market's transition to smartphones."

Published in Telecoms
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