An entrepreneur's guide: The strength of small beginnings

By Malik Mureu | Friday, Mar 13th 2020 at 14:15
Share this story:

Mention the biggest Information Technology (IT) companies that revolutionised our day to day lives, and you will not fail to pick more than one firm that began from a garage. Notable amongst these companies are Microsoft Corporation and Apple Computers. Their stories read like a fairy tale, with twists and turn that rival the best-selling fictional novels. It all began with a dream and the desire to try. Steve Jobs and Steve Wozniak both college drop-outs co-founded Apple Computers in 1976 and set up operations in his parents’ garage with a dream of building the most portable and easy to use a computer. Bill Gates and Paul Allen, one of the wealthiest men on earth, also co-founded Microsoft Corporation from Bill’s parents’ garage in 1975.

Steve Jobs and Bill Gates were not alone in their pursuits. They brought on board co-founders who had special skill sets that helped them launch their legacy innovations. These co-founders may not have had the initial dream, but they shared the ambition and thirst for pursuing technological possibilities. The platforms for innovation were few and far between, but it was the golden era of IT innovations with limitless horizons, and they took all possible chances to etch their names into the history books. Fired by youthful ambition and an aversion to modern life trends common with technological ‘nerds,’ these innovators literally burnt the midnight oil researching, experimenting and brainstorming all these armed with a shoestring budget which they sustained with odd jobs.

Fast forward 2020, the world is literally running on various IT platforms. Be it financial transactions, travel, building technology, education systems, health systems, communication, the list is endless! What began as ‘20 pence’ investments are now worth billions of dollars. What began as a freckled bespectacled shy boy is now one of the most recognised and even respected personalities in the world; Bill Gates. With money enough to buy a country like Kenya and finance its budgets for years to come, no wonder he turned towards charity to seek deeper satisfaction through his Bill and Melinda Gates Foundation.

Where am I driving with all this?

You can succeed only if you try. All seasoned entrepreneurs will tell you that where they are currently, is not where they thought they would be. The journey of entrepreneurship is as unpredictable as the ocean climate. Meaning? You could forecast storms and clear skies, but these remain just that-forecasts. The entrepreneurial journey requires passion, commitment, preparation, and sometimes a ‘daredevil’ attitude. You have to begin from somewhere, and you don’t have to be fully prepared.

The Merriam-Webstar dictionary defines an entrepreneur as “a person who starts a business and is willing to risk loss in order to make money.”

I had a friend who had always wanted to start a business and become as successful as his older friends who he used to hang out with. One day, he came into some money, and the first thing he did was rent a corner office and furnish it fully with mahogany desks and lush wall-to-wall carpets complete with a boardroom, telecom system and hired a beautiful lady to complete the picture. Five months down the line, the office was locked, all furniture auctioned, and my friend was back to the streets hustling. Where did he go wrong? Many errors that I witnessed personally. He started ‘climbing the tree from the top.’ He sunk a big chunk of his money into ‘dead assets,’ he wasn’t mentally prepared to hit the streets and aggressively pursue clients. He wanted to look successful through big spending and pomposity, and the list is endless.

I consider myself an experimental entrepreneur. I enjoy the thrill of conception and execution. I get ‘high’ on taking up almost impossible tasks and tackling them successfully. I began a printing and publishing business at age 19, a petty errands company at 28yrs, a training and consulting firm at 32yrs, and an agricultural products value addition and merchandising firm at 40yrs. None of these grew to become fully-fledged companies because that is not what I was looking for. I am now in public service and academia, where I enjoy research and development. I also mentor youth into leadership and support charitable causes.

My 2 cents advice to entrepreneurs?

Balance your spiritual-physical-mental-emotional status.

Discover your strengths and weaknesses early. Partner with other people if you must, with like-minded personalities. Be prepared to give up a lot of comforts. You have to stay hungry for knowledge and peothirsty for purposeful networking. Do not be afraid of people and what they will say-people react to what you feed them. Be enthusiastic about your business and products. Don’t stop dreaming. Feed on positivity and give out the same.


Share this story:
Other related topics:

Latest Stories