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5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less - Business (2) - Nairaland

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Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by tundelis(m): 7:13am On May 27, 2016
Ayoswit:
K
K for kerosene grin
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by tundelis(m): 7:13am On May 27, 2016
moscobabs:
h
h for hagberogrin
tammie24:
F
F for Fashola cheesy
Ayoswit:
K
K for kerosene grin
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by pendusky(m): 7:13am On May 27, 2016
Following
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by madone: 7:16am On May 27, 2016
<> To all the stupid companies that i av gone doing interview and u promise to call but u didnt...
<>To fidelity Bank that refused to call even i passsd their interview
<>To all the marketing jobs interview that almost turn me to a begger because i dey do interview for a job of 50k
thank you so much AM OFF SETTING UP MY COMPANY if these guys can do it i can.
...............una fada..........

2 Likes

Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by Btruth: 7:16am On May 27, 2016
Very inspiring.
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by xreal: 7:18am On May 27, 2016
where is the dollar, it's scarce now.
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by phazotron(m): 7:18am On May 27, 2016
madone:
<> To all the stupid companies that i av gone doing interview and u promise to call but u didnt...
<>To fidelity Bank that refused to call even i passsd their interview
<>To all the marketing jobs interview that almost turn me to a begger cost i dey do interview for a job of 50k
thank you so much AM OFF SETTING UP MY COMPANY if this guys can do it i can.
...............una fada..........






to stanbic ibtc that refused to give me offer letter after completing their recruitment process they should all go and die!
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by innocent1(m): 7:22am On May 27, 2016
Thanks for the push
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by letsbet(m): 7:25am On May 27, 2016
Nice thread. with all this info laying around, if I can't be successful I'll blame myself not my Dad not the president but Myself.

1 Like

Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by kingar(m): 7:27am On May 27, 2016
By next year my name will be here
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by bethelbrill(m): 7:28am On May 27, 2016
Consiglier:
Aunty Linda Ikeji deserves an honorable mention


Yes she deserved a spot because she started with nothing at all just a blog
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by moyomax(m): 7:28am On May 27, 2016
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by Chukazu: 7:30am On May 27, 2016
the guy at COSCHARIS, cosmos Maduka started with less

1 Like

Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by shizzy7(f): 7:32am On May 27, 2016
HAH:
Inspiring but I smell lies with the just $100 start up
Don't mind the op, the topic reads "$100 or less" but all I see is "$100 or more".....
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by madone: 7:33am On May 27, 2016
phazotron:







to stanbic ibtc that refused to give me offer letter after completing their recruitment process they should all go and die!
yes even to nonsense fake interviews of GNLD that burm my money on transport and wasted my whole day giving me serminar ..their fada

1 Like

Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by DrOladipo: 7:35am On May 27, 2016
While our economy is in shambles, this type of inspiring story will motivate the youths. A problem-solving idea is the bedrock of every successful startup. Look around you and see what is making people suffer unnecessarily and think of how technology can be used to ameliorate such. Jobberman, IrokokTv, Hotelsng, Linda, Nairaland, Passng just to mention a few support the #Impossible is nothing slogan.
#Learn a skill and let the skill solve a problem!
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by EbukaMascot(m): 7:43am On May 27, 2016
Money is not just a factor to establishing a. Successful business, one is also afected by ideas and environment.. Now we have to ask ourselves how favourable our country Nigeria is to start up with the mentioned amount of money or nothing.. The post is motivational though.

2 Likes

Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by cedar3: 7:47am On May 27, 2016
One word, INSPIRING. So true, especially with Anna Phosa dat started with 4 piglets. But some of our youths will still find a reason not to try out something.......Buhari
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by Horlawale1(m): 7:51am On May 27, 2016
Am inspired, even though have started something small but am very sure by this time next year I will surely have a testimony. Amin
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by ArchiPelago1: 7:57am On May 27, 2016
Where is Strive Masiyiwa, he Started with 75 dollars, Today he's one of the richest men in Africa
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by Faith111: 8:04am On May 27, 2016
Consiglier:
Aunty Linda Ikeji deserves an honorable mention

[quote author=dammy13:
Let me start by saying that there are terrible lies about starting a business. One of the dumbest lies is that business is for people who are illiterate. Jeeez! That’s pathetic. Another fat lie is that you need really huge amount of capitals. Another lie from the pit of……….ignorance!

Now, i want to debunk those lies by sharing this short stories of 5 Entrepreneurs in Africa Who Started a Successful Business with $100 or Less in hand. Guess what? They are smiling to the banks after just having started a few years ago.

My Post
You can't sincerely tell how Nigeria's so-called Entrepreneurs get rich.

I'm writing from experience.
It's most times beyond what is said or known...
A lot of our so-called entrepreneurs would have been in prison if Nigeria were to be s some lawful place like the U.S of A.
In a country where you need not proof your fund, every tale counts.

Not all are dubious, but 99. :::::% are.

Summary: Do your thing but Don't expect a Magic if you are a person of Integrity and from a very humble family cos this Country makes things difficult for sincere youths with an humble upbring.
It's more of a society for the high and mighty without much room for fair play.

1 Like

Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by Leavethevillage(m): 8:31am On May 27, 2016
Ayoswit:
There are so many people who wants to start up their own business but they gat no money and nobody wanna lend money to a broke guy even d bank would not give u a loan unless u have a collateral. Money is a limitation here.
lies
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by Faith111: 8:36am On May 27, 2016
madone:
<> To all the stupid companies that i av gone doing interview and u promise to call but u didnt...
<>To fidelity Bank that refused to call even i passsd their interview
<>To all the marketing jobs interview that almost turn me to a begger because i dey do interview for a job of 50k
thank you so much AM OFF SETTING UP MY COMPANY if these guys can do it i can.
...............una fada..........

Don't worry i went through all of this. You actually need some experience from the professional setting to do professionally well in bix....
We live in a Country where a fresh Young Graduate is expected and brainwashed to be an entrepreneur as if our Nigeria institution gave him the industrial or professional training required.
The Nigerian the Op talked about schooled overseas little wonder his success story.
What we term entrepreneurship in Nigeria is setting up a boutique, salon, restaurant e.t.c as if i had to go through the 4walls of the university to do all that.
These are jobs done by secondary school leavers in advanced countries.
They have jobs for Skilled Workers, Semi-skilled workers and Unskilled workers.

It will surprise you that the Field sales and Marketing job you are looking for is classified under NOC D and is meant for semi-skilled workers and not a University Graduate.
This is the bitter truth the Govt. should wake up to and provide jobs for young graduates like you so you can gain worthy experience to become a professional entrepreneur and not a trader..
Entrepreneurship is not just Selling and Buying...

Yet this is Nigeria, a country where the dreams of bright youths are drowned.
Please keep foing whatever you find but don't quit your dreams of being a Professional.

1 Like

Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by Bondesniger(m): 8:43am On May 27, 2016
my is a little above $ 1000 see my big farm soon on news like this
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by 2sexycom(m): 9:08am On May 27, 2016
Many people often said money is a problem, they imagined that only when you have as much large funds can you make something for yourself. But I would counter that, based on personal adventure and experience, that knowledge is the problem. If you have the right knowledge, be honest, there are people willing to invest in you, which means you don't spend a dime.

Fresh out of school, I had spent all my money on project and had nothing left. Due to my engagement with some folks here on nairaland, someone bought me a modem because he saw glimpse of determination in me. A few days later, a friend gave me 10k naira. I invested 5k into a domain name I registered and sold it for $500 7 days later. I sold 3 more domains after that and when I was at NYSC camp, I didnt even eat their food which made some roomies asking me to collect for them if I do not want to eat the food.

The scenario replayed itself few days to the end of NYSC... let me stop here. cool
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by Nobody: 9:08am On May 27, 2016
ShakurM:
who go borrow me 100 dollars grin
I can borrow a 1000, if you promise me, i will read about you in 5years time.
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by Nobody: 9:10am On May 27, 2016
Bondesniger:
my is a little above $ 1000
see my big farm soon on news like this
will be home ibn couple of weeks, want to see where you are @the moment.i could help you with liquid cash pop up.pm
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by ShakurM(m): 9:17am On May 27, 2016
psammy1122:

I can borrow a 1000, if you promise me, i will read about you in 5years time.
Very good. Count me in.
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by Nobody: 9:25am On May 27, 2016
Business is not by size of capital.

Someone can have N200k and another has N2m and doing same business, the guy with N200k will be making more profit.

Owing to turnover, cost heads, outlet size, location and number of staff.

Above all these is focus and passion.
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by santuse: 9:45am On May 27, 2016
dammy13:
Let me start by saying that there are terrible lies about starting a business. One of the dumbest lies is that business is for people who are illiterate. Jeeez! That’s pathetic. Another fat lie is that you need really huge amount of capitals. Another lie from the pit of……….ignorance!

Now, i want to debunk those lies by sharing this short stories of 5 Entrepreneurs in Africa Who Started a Successful Business with $100 or Less in hand. Guess what? They are smiling to the banks after just having started a few years ago.

Now let’s meet them…

1. Heshan de Silva (Kenya):


In 2007, Heshan de Silva dropped out of school and as things got worse for him in the US, he joined his parents back in Kenya to get his life back together.

Aged only 18 at the time, his parents gave him 10,000 Kenyan Shillings (US$116), which he used to start a new business. He targeted the bus travel sector in the country by selling insurance bundled with the bus ticket purchase. And it is widely reported in the media that by the end of the year, the business had made 90m Kenyan Shillings (US$1.05m). Isn’t that amazing!? Heshan has since invested that money in his new business, De Silva Group, a venture capital firm.

With an incomplete education, no capital, not even a great deal of life experience and yet Heshan made it in a short period of time. He was featured in CNN and Forbes Magazine as one of Africa’s most successful young.

2. Abasiama Idaresit (Nigeria):


Abasiama Idaresit graduated with an MBA at Manchester Business School and moved back to Nigeria in 2010 to start his own business. Today, he is the Founder and CEO of Wild Fusion, a digital marketing company.

Guess what? He started his company in 2010 with a gift of $250 from his mother and it took him 8 months to make the first deal. Just three years later, Visa, Vodafone, Samsung and Unilever as well as several large Pan-African corporations are his clients and his company is valued at over $6 million in revenue. Yes, you heard that indeed right; $6 million! And yes, he started in 2010. Wild Fusion has now become Google’s certified partner in Africa!

3. Axel Fourie (South Africa):


Take Axel Fourie from South Africa. By the time he was 27, he had tried unsuccessfully to set up several businesses. When his iPod was faulty and he was told by specialists that nothing could be done about it, he searched for a YouTube video online and learned how to fix the iPod himself!

He then put an advert into a local newspaper and offered to fix faulty iPhones and iPads. The response he got exceeded his expectations as he was flooded with calls and requests from potential customers. He knew he was onto something!

Axel opened his company iFix and started fixing iPods and iPhones from his university dorm. This was in 2007. Today, Alex runs a chain of 8 stores and employs 85 people. He has since expanded his business into manufacturing mobile phone accessories which he exports into 12 countries across Africa. Oh, we forgot to mention the amount of his starting capital. Here it is: Zero! (unless he paid a little for that newspaper ad).

4. Anna Phosa (South Africa):


Anna Phosa started her pig farm venture in 2004 in Soweto with about $100 in hand. She bought four pigs with that money after she was introduced to pig farming by a close friend.

A little less than four years later, in 2008, Anna was contracted by Pick ‘n Pay, the South African supermarket and retail giant to supply its stores with 10 pigs per week. This was a first breakthrough and the request by the retailer grew quickly to 20 pigs per week.

But the really amazing bit happened in 2010 when Anna signed a breathtaking contract with Pick ‘n Pay to supply 100 pigs over the next five years under a 25 million Rand deal – that’s nearly 2.5 million US Dollars!

She did not even have so much land or enough pigs! With a contract in hand, Anna received funding from ABSA Bank and USAID to buy a 350-hectare farm property.

Anna started with 4 pigs in 2004, today her farm employs about 20 staff rearing 4,000 pigs at a time. Her perseverance has made her a millionaire!

5. Jacky Goliath and Elton Jefthas (South Africa):


The venture ( De Fynne Nursery) started in 2001 by South African entrepreneurs, Jacky Goliath and Elton Jefthas, in Jeftah’s home backyard. Market demand grew fast and steadily which meant that they moved the nursery to a 0.5 hectare land in 2005, and in 2008 had to move again to a 1.5 hectare area outside Cape Town where they hosted 600,000 plants!

Today, the De Fynne nursery supplies its products to retailers such as Woolworths, Massmart and Spar in South Africa and it was reported that they since moved to a whopping 22-hectare commercial property. This is a simple start up idea on a shoe string budget anywhere in Africa where you have a booming housing & hotel sector and expanding city areas!

It’s Your Turn…
What are you waiting for? Will you allow your mum, dad, sister, brother, friend, enemy, the government, college degree or whatever to stop you? After reading this, do you still think that you need a million dollar to start that business? I don’t think so. While you’re not guaranteed success but you’ll never know if a business will succeed or fail when you start. Just start anyway.

I hope this article inspired you to start your business today. Not tomorrow.

Share this to Inspire a Friend.

http://www.kikiotolu.com/2016/05/5-entrepreneurs-in-africa-who-started.html

Lalasticlala Fynestboi Mynd44

I love this
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by schoolboi: 9:49am On May 27, 2016
2sexycom:
Many people often said money is a problem, they imagined that only when you have as much large funds can you make something for yourself. But I would counter that, based on personal adventure and experience, that knowledge is the problem. If you have the right knowledge, be honest, there are people willing to invest in you, which means you don't spend a dime.

Fresh out of school, I had spent all my money on project and had nothing left. Due to my engagement with some folks here on nairaland, someone bought me a modem because he saw glimpse of determination in me. A few days later, a friend gave me 10k naira. I invested 5k into a domain name I registered and sold it for $500 7 days later. I sold 3 more domains after that and when I was at NYSC camp, I didnt even eat their food which made some roomies asking me to collect for them if I do not want to eat the food.

The scenario replayed itself few days to the end of NYSC... let me stop here. cool
Mr jide please I have waited alot for you to share your domain flipping experience on that your thread.Biko when should we be expecting your post.
Re: 5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less by chadwidfriz: 9:51am On May 27, 2016
baba Lowe started Igbo biz with one wrap now he even dey sell SK he even dey teach how to wrap pencil

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