A project in partnership with the IDC and City Press
Securing funding was perhaps the biggest lesson for Vuso. She has learnt a lot about sourcing funding, structuring funding deals and how to use the resources at your disposal.
“We are still learning,” she says.
“We are not where we want to be as yet.”
She has also learnt that, as a growing business, you should never take on more than you can deliver.
“It came as a shock to us that too much growth can be a problem for a business – because you are unable to deliver the quality and quantity that a customer wants. It is a constant balancing act to make sure you are not overexposing yourself or overcommitting to such an extent that the customer is unhappy,” she says.
The manufacture and supply of smart meters is a highly competitive environment. Vuso says competitors are not only studying what you produce, but also work overtime to come up with better products to entice your client. This is why the company has to constantly innovate.
“You have to innovate to remain competitive and remain in business. We have another product which is water resistant; it is our next generation of product.”