This sentence by Van Gogh hits hard:
“If I am worth anything later, I am worth something now. For wheat is wheat, even if people think it is a grass in the beginning.”
Before you scale, prove that one customer returns without being begged. In Africa, repeat business is the cleanest data. It means trust has survived price, distance, doubt and competition
When you don’t have to worry about paying BILLS, you have time to THINK. That makes you extremely DANGEROUS.
The system is designed for us to never reach that level.
“Africa does not lack entrepreneurs. It lacks affordable credit, patient capital and honest systems. The founder who survives here is not lucky; they are building while carrying the weight of a broken market.”
I went to visit my uncle this afternoon.
But he has really bashed me.
That my clock is ticking, yet I do not own a ranch.
He wondered where I take my money, and yet I do not drink.
I kept quiet the whole time.
Then he finally dropped the line I had been waiting for.
- Jitetee sasa. What is your excuse?
I immediately pulled out my phone. Opened my investment app. And handed it to him.
Then told him:
- Uncle, what you are looking at is my portfolio of shares in great companies. Nataka ifike mita siku moja.
He listened very keenly. I thought I was finally about to receive the legendary: Congratulations my son.
Instead, he leaned back. Looked at me. Then asked.
- That's OK. But what are stocks and shares in Kikuyu?
I had never thought about it. I froze.
He told me to take my time.
Eventually, I gave up. And told him to answer his own question.
He smiled. Then said.
- Stocks and shares do not have a name in Kikuyu or any African languages.
- The colonizers invented these fancy slogans to make brokies think they are becoming wealthy by accumulating papers and numbers on screens.
- Meanwhile, they themselves are accumulating the real assets.
I asked him: What are real assets?
He replied:
- Land.
- Animals.
- Plants and foods.
- Water bodies et al
Things you can actually touch. These are the things that create wealth.
Then he concluded with a sentence that has refused to leave my head.
• Every African man must own real assets.
Is the old man right or wrong?
“Speak to your children as if they are the wisest, kindest, most beautiful and magical humans on earth, for what they believe is what they will become.”
The African continent doesn’t need more entrepreneurs. It’s full of them.
What it needs is a specific class of entrepreneurs called industrialists: business people who build value-adding firms in export-oriented job creating sectors, not rent capture.