Zimbabwe’s richest man, Strive Masiyiwa shares seven rules of success

If you know Zimbabwe’s Billionaire, Strive Masiyiwa very well, you will agree with us that, he is the man who does not hesitate to share his knowledge and experience with others, especially on wealth creation. The Billionaire whose wealth has been ranked by indexes to range between 2.5 and 3 billion dollars shared 7 rules to successful business.

The Telecoms tycoon said “focusing on the idea isn’t enough to grow your business. As an entrepreneur, having the understanding and the ability to build a process around the business is what makes it scale faster,” adding that, “the best way to do this is by mastering the process and respecting institutional framework.

Secondly, he advised that, every business person should master the act of finding good partners. “I understood this early on when I launched Econnect. In the early days of the business, I tried to raise about $10 million, but I didn’t know how to do it. Before that time, the highest amount I ever raised was $300,000. So what I did was employ someone who could do what I couldn’t do. I had to negotiate giving him 10% of the company, but he got the job done for me,” he said.

The billionaire also said one must be grounded in research to find legitimate information as to who to deal with. “If you’re a small entrepreneur, don’t always try to get to the CEO or Chairman of the group. Do some research on the organisation and try to find out the person making the decisions on the issue you’re interested in,” he wrote.

According to Strive, the people around you can be of great service so you must always find them. “While building my businesses, I never sought after big players. I was always about reaching out to people around me who I needed to help me build my business. That’s not to say it’s a hard and fast rule. But pay a lot more attention to the passionate young guy or girl sitting next to you. They’re usually more driven than someone outside your circle.”

The billionaire further advised that, one must know his challenges and opportunities. He also added that, “Businesses are based on numbers, and the entrepreneur must always function in numbers. Make numbers your best friend.”