Many people become entrepreneurs because they want to take charge of their financial future and enjoy the freedom entrepreneurship can provide. Sibusiso Magagula is one of the greatest young entrepreneurs in South Africa who have made it big in the industry. His passion for his business caught our attention and we are glad to have contacted him for a little interview.
What is your main weapon to making sure that you achieve your dream/goal especially in the succession of your business?
“I’m very passionate on what I’m doing, and that influences my commitment, dedication and focus to what I’m doing. I’m not only doing what I do to put bread on the table, but I’m leaving my dream, I’m fulfilling my Vision, and I’m committed to my passions. Success just comes by default.”
If you could give an advice to the 18 year old you, what would you say? Take yourself back to those days.
“When I was 18, I dreamt business, I lived my life in small business ventures, I associated myself with business men, and everyone saw the drive in me. To an 18 year old that’s ready to make choices of Life paths, they should follow what they’re passionate about, so they can dedicate their all into it, dedicate their lives into it, so they won’t even rate success by what their peers see as success, but just a step forward towards an even bigger vision they’d possess in their heart. Be it in a workplace, business or any other form of career path.”
Tell us about stealing your precious time.
“Considering all involvements I’m in today, Time is of great essence in my life, it’s totally dedicated to my visions and dreams, I myself have to steal that time to focus on me or any other things. I have to steal that time to dedicate to my family, friends, acquaintances, or any other social involvements. My passions occupy only 24 hours of my day, to be managed, fulfilled, and lived upon. The rest of my time, is stolen time”
Quoting from a Facebook post you posted on the 23rdof January this year, “My life did not give me what I wanted, and it gave me what I worked for”. This is a very short powerful saying and I believe that it gave strength to many out there. Do you do mentorship?
“I do have various mentoring campaigns that I run, mentorship programs that are already in place even through the Maggzz Foundation that helps small on establishment of small businesses. From business identification, business establishments, funding, until the successful running of the business. We render workshops which are merely questions and answers for new business associates who lay down their struggles, challenges and obstacles
on business and we find solutions, guidance and the next steps to the successions thereof”.
What is the biggest mistake that most young people do when running their own businesses?
“Entrepreneurship is a lifestyle and not a temporary measure. I’ve seen young people making huge mistakes of running business as a bread winning mechanism, thus limiting growth, up-skilling, and resulting business collapsing. When one ventures into business they ought to be crazy about this passion
You've got to be CRAZY to be an entrepreneur!
1. You've got to believe you'll make money month end, which often you don't;
2. You've got to believe that you'll compete with big companies, which often you can't;
3. You've got to believe you can reach all your customers, which often you won't;
4. You got to believe you'll do all that cheaply, cost effectively and with profit, which often in the early days you probably won't do.
If you don't believe those four things you'll never succeed as an entrepreneur!”
If you were to use a movie title to describe Maggz Holdings, what would it be?
“Shewwwwww, I don’t watch movies much, but in inventing my own it’d have to be a title that determines the beginning to current, since Maggzz Holdings was started from nothing considering where it is today. “The Genesis of Omega”. The beginning of completion.”
“YOU'VE GOT TO BE CRAZY TO BE AN ENTREPRENEUR!”
What does being obedient to the call of a dream mean to you?
“One would need to understand and believe in a dream to be obedient to, because that obedience will affect your lifestyle, your circles In friends, family, and at times relationships. It’s a submission of your all to the dream”.