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Strive Masiiwa’s three keys to success

Strive Masiyiwa - Partnerships for Development...

Strive Masiyiwa – Partnerships for Development – World Economic Forum on Africa 2011 (Photo credit: World Economic Forum)

LAST week Econet Wireless celebrated its 14th anniversary. It was the celebration of an ongoing fulfillment of the age-long vision of its founder to connect every Zimbabwean to a mobile phone.
Today, Econet Wireless is an investor’s delight and it is easily Zimbabwe’s most successful corporation.With a subscriber base of over 6 million, Econet is apparently the largest mobile telecoms firm in Zimbabwe. Its profits for the year ended February 2011 stood at more than US$145 million and the Johannesburg-headquartered company has operations in Burundi, Lesotho, Kenya, Nigeria, Botswana and Rwanda. Econet has a market capitalisation of US$1 billion.
Strive Masiyiwa, the unassuming and soft-spoken founder of the Telecoms giant, is one of the richest people ever to emerge from Zimbabwe. With a fortune estimated at more than US$600 million, Masiyiwa has the wealth of our dreams.
You can glean important business and life lessons by taking a close look at what made Strive Masiyiwa a successful millionaire telecoms tycoon.
Identify a need and meet it
According to Masiyiwa, this is a sure way to succeed in business.
In 1994, 70% of Africans had never heard a telephone ring. People all across Africa desperately needed a reliable and cost-effective means of reaching out to their loved ones and associates wherever they were. That was a human need. Masiyiwa, then a young engineer, set out to change that. He had the technology to do it and access to substantial resources. “We didn’t wake up and say we wanted to make billions of dollars; we said we wanted to extend telecommunications to all the people of Africa,” Masiyiwa said to graduating students of Morehouse College. If you reach out to meet the needs of the people around you, you will wear the crown.
Be Patient And Relentless
Few people are as patient and relentless as Masiyiwa. In 1993, when Masiyiwa set out to establish Zimbabwe’s first independent mobile telecoms network, he encountered stiff opposition from the Zimbabwean government. The Zimbabwean Post & Telecoms Corporation (PTC) — a government-owned entity held a monopoly over the telecommunications business in the country and the corporation was vehemently opposed to granting Masiyiwa a mobile operating licence.
The government threatened to prosecute him if he dared to proceed with his venture. Masiyiwa took the battle to court and the case dragged on for nearly five years. It was a slow and long process, but Masiyiwa never gave in. Of course, the government tried to subdue and frustrate him, but he was resolute. He was determined to challenge the government’s monopoly of telecommunications services in the country and was keen to launch his own mobile telecoms network. His persistence paid off. In 1997, the supreme court ruled in his favour and Masiyiwa was able to launch Econet Wireless. Develop a tough skin; be relentless, and be patient. Success hardly occurs in a split second; you need to learn to wait for your moment.
Work hard: Stay focused
This is a no-brainer. Nothing good in this world comes easily, least of all, success. You may have identified a need and possess the most brilliant business ideas. You may even have the praying spirit of Jesus; but if you are lazy you’re doomed to fail. Success requires hard work. Masiyiwa works long hours every day and has cultivated the requisite discipline to be focused. Work Hard And Stay Focused!
Pray hard
“God will do nothing except you pray; and you have to be clear what you want”
This might sound like illogical business advice particularly if you’re an atheist. But according to Masiyiwa, a devout Christian, prayers are essential for success in business. Masiyiwa has stated countless times that when he was battling the Zimbabwean government in court for the right to operate a mobile telecoms licence, he prayed fervently. While the court case lingered, Masiyiwa prayed for victory. Even though it took four years, Masiyiwa’s prayers were eventually answered. Employees at Econet and people close to Masiyiwa confirm that the tycoon never takes any important business decision before first going on his knees. Judging by Econet’s raving success, Masiyiwa’s prayers actually work.
Give back
What you give comes back to you 10-fold. Masiyiwa is Zimbabwe’s biggest philanthropist. Along with his wife, Tsitsi, Masiyiwa is a co-founder of the Capernaum Trust, a Zimbabwe-registered privately-funded Christian charity which sponsors the education of more than 28,000 Zimbabwean orphans. Apart from providing scholarships to these children, the organisation also provides food packs and healthcare for them. Masiyiwa funds the trust from his own personal resources with support from Econet Wireless. The universe seems to have rewarded his generosity with brilliant success and a $600 million fortune. — Ventures Africa.

Zimbabwean Independant

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  1. July 29, 2012 at 9:16 pm

    i like your articles so much. please try to post them more frequently.http://www.acertemail.com

  2. July 30, 2012 at 3:43 am

    Right here is the perfect blog for anybody who hopes to understand this topic. You know so much its almost tough to argue with you (not that I actually would want to…HaHa). You definitely put a new spin on a subject that has been written about for ages. Wonderful stuff, just great!

  3. Dilza
    August 1, 2012 at 12:31 am

    its great stuff. thanks for sharing…waiting for your next update.

  4. August 2, 2012 at 12:08 pm

    i do completely agree…

  5. Elifaza
    August 7, 2012 at 10:57 am

    interesting site..

  6. August 8, 2012 at 4:28 am

    So funcy to see the article within this blog. Thank you for posting it 166236

  7. lista
    August 18, 2012 at 10:34 pm

    nicely explained. it’s indeed an art to stop new visitors with your attractive writing style. truly impressive and nice information. thanks for sharing.

  8. lista
    August 20, 2012 at 1:08 am

    it is a wonderful article, i like it, thank you very much!

    • August 22, 2012 at 2:07 pm

      thank you. I also liked Strive’s three keys to success.

  9. Anonymous
    August 20, 2012 at 4:17 pm

    thank you very much

  10. lisa
    August 21, 2012 at 10:18 pm

    your blog happens to be not just informative but also very stimulating too.

  11. Anonymous
    August 22, 2012 at 1:38 pm

    loved the website, keep up the work guys, i will be following you.

    • August 24, 2012 at 3:47 pm

      Thank you. Will do.

  12. Anonymous
    August 23, 2012 at 9:08 pm

    pretty nice stuff.

  13. Anonymous
    August 24, 2012 at 6:55 pm

    this blog is so good i would come here every day.

  14. Anonymous
    August 25, 2012 at 6:32 pm

    i was very pleased to find this site. i wanted to thank you for this great read!! i am definitely enjoying every little bit of it and i have you bookmarked to check out new stuff you post. >

  15. Damilola Ololade Raimi
    November 18, 2012 at 11:57 pm

    If it had worked for u, I strongly believe in God that it will work for me as He helps me to take these steps and we would change the world for good and for Christ Jesus. U are my role model of success. I envy your success and glory to God for your life. Congratulations to you for your recent achievement as a Platinum Partner.

    Damilola Raimi, Nigeria

  16. popotai c
    February 22, 2013 at 8:45 am

    the secrete of business resides in the history of successful business people

  17. January 4, 2014 at 2:05 pm

    Strive is a man of supernatural intelligent in terms of buisness and he is also humble of himself. He is even friendly. I like strive masiyiwa because he motivate young people like me.

  18. Fair Gumbo
    April 21, 2014 at 5:59 pm

    Great thanks to you man of God (Mr. Strive Masiyiwa) for all the love of your success which has turned to be a benefit to many families. I just learned something about Success..for now I believe success comes by hearing and following the foot prints of a successor and you have become a pioneer to me and my role model!!!

  19. Pardon Simango
    June 15, 2014 at 7:40 pm

    l’m touched by being able to archieve a goal like ths all coz of prayer

  1. August 8, 2012 at 1:24 am
  2. August 9, 2012 at 6:31 am

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