No one ever said it was easy being an entrepreneur. Whether you're in the early stages of your statrup, just secured funding for your startup or you are ready for product launch, there will always be those three components when you ask yourself if this whole entrepreneur thing is worth it. Instead of giving up and throwing-in the proverbial white towel, this forum will help in giving you all the motivation you need to achieve your result.
Subscribe to this blog
Follow by Email
STORY OF NICKY OPPENHEIMER: AFRICA'S THIRD RICHEST PERSON
Nicholas “Nicky” F. Oppenheimer was born on 8th June 1945 in South
Africa. He is a 71 year old South African businessman and philanthropist of
German-Jewish origin. He is the former Chairman of De Beers diamond miningcompany, a Diamond Trading Company. He was listed under top 200 billionaires in
the world in 2016 and he stood at rank 3nd among Africa’s Billionaires in 2018.
His interests involve reading crime novels, relaxing with his dogs and playing
Early life and Career:
He went to Harrow School and Christ Church, Oxford.
He graduated in Philosophy, Politics and Economics. He started working as his
Father’s assistant and gradually in 1974; he became the Director of Anglo
American and De Beers. He joined the Anglo American Corporation in 1968 as the
Personal Assistant to the Chairman (his father) and worked in the Gold and
Diamond Divisions. He faced certain challenges by other markets which made him
expand his business into retailing.
He was the heir of De Beers’s diamond miningcompany. During an auction in the year 2016, the rare Oppenheimer Blue diamond,
was sold for $57.5 million which set a record for the most expensive diamond
sold at an auction. The Oppenheimer family maintained a dominating place in the
world’s diamond trade for a really long time. In 2012, Nicholas Oppenheimer
sold his 40% stake in DeBeers to mining corporate ‘Anglo American’ for $5.1
billion. He is also a non-executive director of Anglo American Corporation.
Harry Frederick Oppenheimer is the father of
Nicholas F. Oppenheimer. He was a prominent businessman in South Africa and one
of the world’s richest men. In the year 2004, he was voted 60th in the SABC3’s
Great South Africans. He was the chairman of Anglo American Corporation for 25
years and chairman of De Beers for 27 years until he retired and passed on the
position to his heir, Nicky. He also spent some time as the Member of
Parliament for Kimberley (1948 to 1957) and became the opposition spokesman on
economics, finance and constitutional affairs. He died in the year 2000.
His net worth is $7
Billion+ according to Forbes, as of January, 2018. He is the third richest
person in Africa, according to Forbes. Forbes ranked him at 174th spot in the
list of world billionaires in 2017 and 3rd in Africa the same year.
to learn from NICKY OPPENHEIMER
Oppenheimer has controversially
stated in the past that Africa is suffering from “donation fatigue”, and that
there are ways for the continent to go it alone without help from western governments
“Because I am an African I
reserve the right to say that Africa does not exist simply to make people in
the UK, or anywhere else in the developed world, feel good about themselves,”
he said back in 2005. This is something he reiterated after announcing the sale
of his stake in De Beer’s.
“I’m a great believer that, if
you know how to operate in Africa, there are unbelievable opportunities.”
2. Forget emotion
In choosing to sell his family’s
stake in De Beer’s, Oppenheimer has proven the importance of thinking with the
head rather than the heart in matters of business.
“Obviously very emotional for all
of us in the family when we debated whether this was the right thing to do or
not,” he said upon announcing the news. “You know, it’s a 100 years of history
– 1902 when my grandfather came out here first to join the diamond business in
Kimberley. So indeed very emotional. But at the end of the day we in the family
decided this was indeed the right thing to do, and it was a unanimous decision.
And in a sense you’ve got to move on and now’s the time to look to the future
and think what exciting things we can do in Africa in the future.”
3. Be down to earth
Businessmen all over the world
will tell you that the trick to success is not getting ideas above your station
or losing touch with your customer base. Oppenheimer, comments about aid aside,
appears to be the master of discretion and being down-to-earth.
Unlike many of the business
elite, he dislikes opera or theatre – “I’m a philistine” – and he is quick to
quash suggestions that he collects antique books. “No, that was my father,” he
4. Know the art of
After struggling through the
recession as demand for luxury goods sagged, De Beers appears to have righted
the ship. Revenues surged 53 per cent to nearly $5.9 billion in 2010 from a dip
in 2009. Such impressive performance has led some analysts to assert that the
offer from Anglo American undervalues De Beers, though Oppenheimer denies this.
“Anglo American is the natural home for our stake,” he says.
Even at 65, the future is
something that is very clearly on Oppenheimer’s mind and he is planning on
reinvesting the money made from the sale to Anglo-American once the deal is
completed later this year.
“We’re going to be obviously
looking at investments,” he says. “That’s a compensation for the sadness and
the emotional feeling we have about De Beer’s. We will be looking for
opportunities and we are very Africa-orientated and we are going to be looking,
obviously, around the world, but there will be a very clear African bias to
what we hope to do in the future.”
These five pointers might as well
be some of the greatest advice contained in an article on this blog for African
Entrepreneurs. Our major aim here at Investodia is to get you motivated and to
give you the technical know-how on how to go about success in your
entrepreneurship endeavours. Reading these points alone won't help, you will
have to recite them every day and make sure you are practicing them to the best
of your abilities. We wish you nothing but success in years to come.
If this article was helpful to
you, please don't forget to share us with your friends and drop your comment so
we can serve you better.
Twenty percent of small businesses fail within their first year. Entrepreneurship is no walk in the park. In fact, the amount of new businesses that fail exceed the number that succeed. That’s why it’s more important than ever to create a unique product or service that helps you stand out from the rest.
However, don’t be discouraged. If you believe in your business, passion will prevail. On average, 75 percent of small-business owners are confident in their company. And why shouldn’t they be? They’ve turned their passion into profit. Yet, keep in mind it’s important not to be overly confident. Instead, take things one step at a time. Typically, 20 percent of small businesses fail in their first year, 50 percent in their fifth year and 70 percent after a decade of being in business.
A number of factors play into a business’s closing, such as location, the current market, cash flow and more. The number of reason most small businesses fail is due to cash flow, and California cities such …
Mark Elliot Zuckerberg is an American computer
programmer and Internet entrepreneur. He is a co-founder of Facebook, and is currently its chairman and chief
executive officer. Zuckerberg
launched Facebook from his Harvard
University dormitory room on February 4, 2004 with college
roommates and fellow Harvard students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The group then introduced Facebook to other college
campuses. Facebook expanded rapidly, reaching one billion users by 2012. During
this time, Zuckerberg became involved in various legal disputes brought by his
friends and cofounders, who claimed they were due a share of the company based
upon their involvement during its development phase. Early
Life Mark Elliot Zuckerberg was born on May 14, 1984, and
grew up in the suburbs of New York, Dobbs Ferry. He was the second of four
children and the only son in the educated family. Mark’s father, Edward
Zuckerberg, is a dentist and mother, Karen Zuckerberg, is …
Étienne Arnault was born on the 5th of March 1949. He is a
French business magnate, an investor, and an art collector. Arnault is
the chairman and Chief Executive Officer (CEO) of LVMH, the world's largest
luxury-goods company. He is the richest person in France and the fourth richest
person in the world according to Forbes magazine,
with a net worth of $75.5 billion, as of March 2018. EARLY LIFE After graduation, Arnault joined his father's company,
in 1971. In 1976, he convinced his father to liquidate the construction
division of the company for 40 million French francs and to change the focus of the company to real estate.
Using the name Férinel, the new company developed a specialty in holiday
accommodation. Named the Director of Company Development in 1974, he
became the CEO in 1977. In 1979, he succeeded his father as president of the
company. CAREER In 1984, with the help of Antoine Bernheim, a senior
partner of Lazard Frères, Arnault acquired the Financière A…
Gates is an American business magnate, who co-founded Microsoft, the world’s
largest personal computer software company. He consistently rank in the top
list of the world wealthiest people, he is one of the world best known
entrepreneur of the personal computer revolution. He is also the world most
generous philanthropist, who has donated over $28 billion to charity. Here are
his top 10 rules for success. 1.Have
you are going to start a company you need so much energy that you use to
overcome your feeling of risk. At the beginning it’s going to look so scary
especially given that you don’t have any experience as in the case for most
startups, you are going to make a lot of mistakes but if you have so much
energy rushing through you, you will be able to overcome your mistakes and that
of your team, you will also be able to guide your team into achieving the
desired result because energy is contagious. 2. Have
a Bad Experience: Bill
Gates is a college dropout who d…
We were just about to start our meeting on what next to post when one of our colleague came in with Forefront magazine and showed us this very inspiring story about overcoming problems in life. Here is the content of the story.
As hard as it may be, more problems might actually mean a
closer window of opportunity. There is a saying that every single thing happens
for a reason and whatever does not kill us makes us stronger. A story by Alijo Sylvester.
The story goes like this: A young woman went to meet her mom to tell her about her life
and how things are so hard for her. She was about giving up and had no idea how
she was going to make it. She was fed up of fighting and struggling. She complained
of how after a problem, straight comes another one. Her mom called her to the kitchen. She filled three pots with
water and put them on fire. The first pot, she placed carrot, the second she
placed egg and the third she placed ground coffee bean. She let them boil without saying a word. In abou…