By Inside Biz
Eswatini Development Finance Corporation (FINCORP) Group Managing Director Dumisani Msibi has advised youth entrepreneurs to think beyond profits to build accountable, sustainable, and future-fit businesses.
Msibi was speaking during the official opening of the Junior Achievement (JA) Business Shower program which seeks to provide a launchpad to help young people to build, refine, and scale up their businesses by providing essential skills including business management, mentorship, networking opportunity, and a chance to win seed capital for their businesses.
The ongoing event which is sponsored by FINCORP to the tune of E300, 000 is held at the Metropolitan Church in Manzini. It has attracted hundreds of youths from all over the country.
Msibi advised the young people to think beyond profits and consider the social and environmental implications of their businesses.
“Aim to build sustainable enterprises that contribute to the betterment of society,” he said. “Entrepreneurship is not just about making money; it’s about pursuing your dreams, solving problems, and making a positive impact in the world,” he further stated.
He also advised the youth to take failure as a learning opportunity.
“Entrepreneurship is a journey of ups and downs, and setbacks are inevitable. Instead of fearing failure, view it as a stepping stone towards success. Learn from your mistakes, adapt, and persevere. Remember, some of the greatest entrepreneurs in history faced multiple failures before they achieve remarkable success. But most importantly, honor your financial obligations,” he said.
In today’s fast-paced and interconnected world, Msibi said innovation is the key to staying ahead and the youth is better placed to embrace new technologies. Therefore, he advised them to explore emerging trends, and constantly seek out ways to disrupt the status quo. “Entrepreneurship requires determination, grit, and the ability to bounce back from adversity. There will be obstacles along the way, but it is through resilience that you will find the strength to overcome them. Furthermore, remember that success is not just measured by financial gains but by the positive impact you create.”
Msibi commended the efforts of JA in unleashing several activities that seek to reach out to young people across the length and breadth of the country. “Young people must be empowered to occupy their rightful place as change agents, rather than being spectators in the unfolding story of global economic transformation.”
“We are ready to scale up our support to all other faculties because we strongly believe entrepreneurship should be a compulsory subject at all levels of schooling in this country,” he said.
FINCORP contributed E300,000 in monetary support towards the Junior Achievement Business Shower program. This is over and above the company’s annual sponsorship for the yearly schools’ competition which the company has been sponsoring over the past twelve years.
Msibi said there is a need to develop programs, both financial, and non-financial to assist young enterprises, and thus create opportunities for job creation.
“There is one concept that cannot be overlooked when it comes to the future of business and the path to job creation and poverty alleviation. That is: young people hold the key to creating a better future for all in this country and Africa as a whole,” he said.