Dear @Boity
Like everyone else i saw the posts and articles. And like most entrepreneurs, i know exactly how and what failure looks like. A failed strategy, a failed business, a failed product, doesn’t make a failure of a humanbeing. when we develop products, we have certain percentages we expect to get from them. Either good or bad. And we have follow up products lined up should one not do well.
Which makes entrepreneurship, and especially product building an ongoing process. It’ll never be the finish line…
When i saw your short instagram response, i got very inspired…
Here’s why:
In 2019 i started @dripsportif , 2 years later we opened 25 Stores. We have since closed some of the Stores, we have moved some to better Trading positions at the Malls.
We further invested in a Group (The DRIP Group) to build a House of Brands, where DRIP and other Brands like @DomainJeans and Kiddies Republic sit. We had to Liquidate Kiddies for almost same reasons, it didn’t work out.
Which further proves that entrepreneurship is all about movement. At the centre of the movement, is Failure. The probabilities are there. Remember, 9 out of 10 startups fail and 38% of startups fail because they run out of cash.
35% of startups fail because there is no market need for them. By year 5, 50% of all startups will have failed.
These stats are not there to make us sleep well at Night, but they’re there to make us solution driven. And keep us on our Toes.
Boity, you’re doing so well. I applaud you for having started and being positive. Please never give up and keep going. This is exactly what Entrepreneurship is about…
There’s always a #SILVERLINING
Welcome!
World Champion Boxer, Simnikiwe Bongco, our brand ambassador.
Bongco will raise funds and awareness for Pelo Foundation. In this partnership, we are looking forward to bringing change in the lives of children with heart diseases.
#EveryBeatCounts#ChildrenLivesMatter
SAVE BABIES: Help us to raise funds for children with Congenital Heart Disease (CHD). Your offering will assist Pelo Foundation to achieve our mission of bringing Joy, Love and Light to the affected children. Every Beat Counts! To Donate 👉🏾 https://t.co/nNnJxO7MBO
The issue of children with heart disease in South Africa is serious. Did you know that about 1% of children that were born in 2020 had Congenital Heart Disease (CHD)? This means that 12 388 new cases of CHD cases were recorded a day. #savebabies