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Women Entrepreneur Successes

VP Of SAB and AB InBev Doreen Kosi Explains What Drives Success

When SABMiller and AB InBev merged in 2016, two organisations known for exceptional systems, processes and a winning attitude became one. Incredible growth and an enduring long-term vision are proof that the right culture can go a long way. Doreen Kosi unpacks the personal success mindset that drew her to SAB, and reveals what it means to be a part of a winning team.

Nadine Todd

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Vital Stats

  • Player: Doreen Kosi
  • Company: SAB and AB InBev
  • Position: Vice President: Legal & Corporate Affairs — SAB and AB InBev, Africa Zone
  • Visit: www.ab-inbev.com; www.sab.co.za

Anything is possible

If you put your mind to it and ask for help when in doubt, you can achieve any goal you set for yourself. As a leader, you don’t need to always have all the answers. That’s why we build strong teams made up of specialists in their fields; we all need to learn from each other. I’ve found it’s important to steer your team, but also to be led when necessary. Ultimately, real success is achieved when we work collaboratively.

Quick collaborations build solutions-orientated teams

doreen-kosiSAB/AB InBev has an open plan office culture. As an exco member, I don’t have an office, I have a desk. In my previous positions, I’d arrive at my office, close the door and start working. Since joining this organisation, I’ve realised how collaborative it is to work in an open plan environment. Instead of sending emails to discuss setting up meetings, you can address an issue then and there, in five minutes, and find a solution. It encourages team members to reach out, share thoughts and ideas, find solutions, make immediate decisions and move on to the next challenge or task.

Related: 15 Wise Insights From 15 Entrepreneurial Icons

Partnerships drive success

Beyond your own organisation, when you work with the collective you stand a better chance of succeeding. More minds are better than one because they bring about diversity of ideas and ways of doing things. Surround yourself with positive people and support them as well.

When you build partnerships between corporates and SMEs, you increase the chances of leveraging off one another, learning lessons, sharing risks and driving shared success and growth. When you all grow together, your impact on job creation and improving lives increases. But, it’s important to take ownership and be accountable for your own actions and results. When you do this, you have a collective commitment to improve the lives of more people in more communities, and also to build communities by developing people and creating authentic and sustainable jobs that can be measured.

Top players encourage best-of-breed behaviour

When everyone is working side by side, and you have an office full of top performers, the bar is constantly being raised. You’re exposed to best practice and you start shaping your own behaviour accordingly. Don’t hide your stars. Expose their way of thinking and doing things to everyone around them. Pay attention to what top performers are doing around you as well — what can you learn from them, and how can you adjust your own style to get more done?

Top performers are drawn to winners

Long ago SAB and AB InBev made the decision to focus on cultivating a winning culture, and it’s worked. This is a company of winners and owners. It’s a place where results and personal goals are aligned. There’s an overriding culture that if you’re focused on results and have personal accountability, you cannot fail. There’s a huge amount of focused energy when you walk through the doors of any SAB/AB InBev office around the world, and it’s because of this. When you create an organisation of winners, other winners want to join you.

The result is a team of high performers drawn to each other, all pushing each other to greater heights. If you don’t accept mediocrity, if you’re driven by the exceptional, and you build your teams with people who hold the same values, eventually, you’ll attract more of the same individuals.

Related: A Great Time To Be A Woman In Business

Understand your personal philosophy and live by it

ab-inbevIf you want to build a team of winners, or join one, you need to be disciplined in your goals. You need to strive to manage yourself well in all aspects of your life, and to be emotionally intelligent. I have a dual philosophy I live by. Make decisions, stick by them and live with the consequences; and ‘lift others as you climb’. This isn’t my original quote, but I believe in it strongly.

Hand-in-hand with self-discipline is resilience

One fundamental truth that experience has taught me is that successful professionals and entrepreneurs are resilient and not shy to get up when they fall. They pull themselves together and start over again, no matter how many times they fail. Never give up. The less successful are those who give up when things get tough.

Believe in yourself

There’s a fine line between confidence and arrogance. The one pulls people towards you, the other is a turn-off, so be careful how you build and embrace your confidence, but whatever you do, believe in yourself. To the point above, it’s how those who fail get back up and try again. Understand your worth. Never sell yourself short. Self-motivation is key. I think it’s clear that I believe in the value of teams and partnerships, but you can’t add value to a team if you aren’t confident in your worth and what you bring to the table. Confidence also opens up many possibilities.

When you’re confident, the possibility of people warming up to you and being open to supporting you are very high. And don’t forget: Success is hard work. Work hard, be authentic, persist and develop a thick skin. Things won’t always go your way.

Personal growth is key if you want to be successful

Never stop learning. If you can, learn something new every day. Concern yourself with what is going on in your surroundings and recognise the phenomenon of global citizenship. SAB/AB InBev has such an incredible growth and innovation culture that we drive within the organistion, but ultimately it starts with the individual. For example, we have a global Best Practice Programme.

Any team can submit a ‘best practice’ solution, and if it’s tested and is better than the current solution, it will be rolled out across the organisation. It means we are all constantly looking for ways to improve our systems and processes, we focus on innovations, and we’re competitive. But most importantly, you can’t develop best practice solutions if you aren’t personally focused on growth. The two go hand-in-hand. We learn all the time.

Knowledge evolves and we cannot stop the hands of time. Networking opens new possibilities and ideas and builds contacts from which you could benefit. When your networks expand, you have a bigger pool of resources and support. This works for both individuals and entrepreneurs.

Related: Before Time In Soweto – The Décor Hire And Catering Entrepreneurs That Are Growing Their Business Annually


Simple steps to successful entrepreneurship

Doreen offers her top tips for building a successful career and business:

  • Define your own success and become a champion of your own dreams.
  • Clarity breeds action. Identify what you want to do. Do a proper due diligence of the market and identify gaps carefully before you start up. Have a clear idea of how you want to close those gaps and convert your idea into a bankable business idea.
  • Keep your idea simple and do not shy away from repeating the same actions until success is imminent.
  • Have the courage to get started. You might not get everything right but do start anyway because unsuccessful aspirant entrepreneurs fail, along with their ideas, for fear of acting on their dreams.
  • Have a game plan: Be realistic about your idea and craft a solid strategy around it before execution.
  • Map out a measurable execution roadmap and keep it in constant check.
  • Focus: Do not become distracted at all costs.
  • Always go back to basics and ensure constant relevance of your plan. Use the time to ensure that you are ready to adapt when the need arises.
  • Recognise stumbling blocks and understand them for what they really are.
  • Use your fear to your advantage: Embrace your fear because it will take you out of your comfort zone.
  • Find positives in negatives and work on them to reach your success.
  • Be ethical and fair in your dealings with others.

Nadine Todd is the Managing Editor of Entrepreneur Magazine, the How-To guide for growing businesses. Find her on Google+.

Women Entrepreneur Successes

Erna Basson Of Erabella Hair Extensions On Acting The Part And Finding The Gap

Erna Basson says that building your own empire is one of the toughest things you can do, but also one of the most rewarding. She unpacks the lessons she has learnt that have helped her launch and grow three businesses into sustainable brands.

Monique Verduyn

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Vital Stats

  • Player: Erna Basson
  • Company: Erabella Hair Extensions
  • Est: 2017
  • Visit: www.erabellahairextensions.com
  • Career highlights:
    • Named South Africa’s top entrepreneur under 30 for 2017
    • Global female entrepreneur of the year 2017
    • Top 100 most influential young South Africans 2017
    • Interviewing Grant Cardone — 2018
    • Opening speaker at the Mega Success event 2017 in Los Angeles.

Originally from Bloemfontein, Erna Basson has always been highly competitive. She completed a four-year bachelor’s degree in three years, while holding down several part-time jobs. She was first bitten by the entrepreneurial bug in her second year at UFS (University of the Free State). Her class was struggling with business law, so she read the text book and produced an annotated summary that she then sold to desperate students.

Today, she heads up Erna Basson Ltd, a business coaching and speaking venture; Woman Entrepreneur, a global platform empowering and educating female entrepreneurs from around the world on how they can start and scale their businesses; and Erabella Beauty Global, a premium hair extensions brand available in South Africa and globally.

On acting the part

“I was a cheerleader for the Cheetahs while I studied, and I also worked as a hostess at Cubaña,” she says. “I got the opportunity to do tons of promotions for liquor brands and that experience taught me how important it is to always be on point and professional, as the event sponsors could pitch up at any time to check on what was happening.”

Related: How To Start A Salon And Spa Business

After moving to Port Elizabeth with her now husband, Nellis Basson (who is also an entrepreneur), she started working for Gestetner and was out on a sales call at Distell when she heard the regional manager complaining about bad service from an events company. “I said to him, ‘if I can have a company up and running within 30 days, will you make use of my services?’ and he said ‘yes’. I walked into the company as an employee and walked out of the company with a new life and opportunity, and this has taught me a valuable lesson that I still follow every day. Take advantage of every opportunity, even if it scares you. You need to be out of your comfort zone to grow.”

That was one of the first principles she learnt, and which she speaks about to her global audiences.

“The bigger the problem you are solving for people, the more valuable you are to them, and the more money you will make.”

People are always searching for solutions. They will always look for better, faster and smarter ways to accomplish tasks. Erna knew that to grab her customer’s attention, she had to start by solving their problems. “If you can take a person from point A to point B, by identifying their crucial problem and then offering to solve it, you will be able to create a real business that matters.”

Another important thing happened that day. She went back to her boss and immediately told him what had transpired. “Honesty, loyalty and integrity have always been the three key pillars of my business, starting from then, and it paid off — Gestetner became a client soon after.”

She started the promotions business with no staff and she didn’t know anyone in Port Elizabeth. “I called up a friend of one of my husband’s friends and asked her to give me ten phone numbers, and then I asked each one of those women to give me another ten. I sold my Citi Golf so that I could have a small start-up fund, and then the business just took off. We got clients like SAB, MTN, Sony, Mango, Maybelline and L’Oréal. I was earning R450 000 for ten days’ work at the age of 23.”

She soon had seven permanent employees, and more than 500 promoters working on campaigns across the country. “Within a couple of years, I had created systems and processes, which enabled the company to reach its goals and function independently without having me in the business, making it a perfect opportunity to sell and move on to the next challenge.”

Finding the gap in the market

It was just before Erna got married that she came up with an idea for another venture — while she was looking for venues, dresses and décor ideas. “I kept on wishing there was one place where I could find everything related to weddings, and then I thought why don’t I create one?” That was how website and magazine Majestic Weddings was born, an online directory and monthly magazine. After growing it into a successful wedding planning tool, she sold that company in April 2017, through an international business broker, and used the profits to launch her hair extension company Erabella.

Transitioning from services to products

erna-basson-grant-cardone

Erna had never run a product-based business before, but there’s a first time for everything, right? Problem is, product businesses are extremely hard to build and get traction for. They require upfront capital and investment, as well as a whole lot of excitement. Erna certainly had the latter, believing that every woman has the right to have gorgeous thick hair.

But there were some challenges:

  • The output of a service-based company is intangible, but a product-based business sells goods that customers can see and touch.
  • A services company does not have to keep goods in stock or maintain an inventory. The service is created or sold as and when the customer
  • needs it.
  • Service-based companies do not have to put up capital — they provide a service and the customer pays for it.
  • In the service industry, you have maximum control — when it comes to a product based company, you sometimes don’t have control over certain things (like a late courier, or late imports, or increase of exchange rate) but it serves as a great opportunity to apply more systems and processes to lower the risk.

“I had to buy stock for the first time. Different lengths of hair extensions, and different colours. Suddenly, I had invested more than R1 million, just like that. What’s more, in South Africa, there is a 20% import duty, which immediately raises the price of your product, making it more difficult to compete globally.”

Related: Want To Start An Import Business – Here Are The Importing Terms And Documents Involved

There was another problem too. Erna had decided that Erabella would be an online business, but it didn’t grow as fast as she wanted it to and she quickly had to change the business model. “That’s when I realised that you cannot take business personally. The minute you invest emotionally, you will make mistakes. When something is not working, you need to take immediate action and make the necessary changes. Nearly every successful company since the beginning of time has had to change strategy and direction to survive and grow.”

Reverse engineering

She also learnt about the importance of starting with the end in mind.

“If you want to make $1 million, write that figure down and reverse engineer. If my hair extensions are priced at $250, I will need to sell 4 000 sets per year, which means 11 sets a day. Instead of being dumbstruck by that big figure, I’ve now got something manageable to work with. It’s that old story about how to eat an elephant.”

Two can be better than one

Another key lesson Erna learnt was that you can do anything, but you can’t do everything. “When I started Erabella, I had one staff member in Johannesburg, and lots of competition. I had to do everything, from accounts, social media, business development and so on, but now we have an entire team in each department. The business grew too slowly and I realised that doing it alone was not going to work. I found a business partner in Cape Town, Karel Vermeulen — a very successful businessman who owns a personal care brand — and I knew we would be a great fit. I knew I could trust him with Erabella SA because he was invested, and I moved on to growing Erabella New Zealand and Australia.”

As a result of the partnership, the business is soaring. Today, Erabella hair extensions are available in South Africa, Namibia, Australia, New Zealand, Hong Kong and Dubai, with Canada next on the list.

That personal investment principle is one that Erna has applied in her coaching business. People do not appreciate what comes free, she says. “If I coach you at no cost, chances are you will say the programme did not work. But if I charge $6 000 a day, I can guarantee that you will do the work required to make it a success, because you have skin in the game. You will value and appreciate the process.”

Related: The Glamorous and Sleek GHD Offices


Erna’s key principles

  1. In the words of Grant Cardone, author of The 10X Rule, follow up, follow up and follow up: ‘90% of business lies in the follow up’. “I always do, and believe that you should follow up so much that they tell you to go away, and then follow up again two weeks later. I chased a client in Cape Town for two years. When their promotions vendor let them down, I was top of mind and I got the deal.”
  2. Never focus on the 10% that’s negative; focus on the 90% that’s positive: “We all need to have bad days in order to appreciate the good ones. When a client says no, see it as a new opportunity (take the negative from the word no, and turn it into a positive new opportunity) to recreate your strategy.”
  3. When people say no, ask them why not: “If I don’t close a deal, I ask, ‘What is the reason we did not do business today? Objections are only complaints — find a solution, and you will win all the time.”
  4. Don’t ask how: “Focus on the what and the who. What do I need to do to achieve my objective and who do I need to speak to? The ‘how’ will take care of itself.”
  5. You are 100% responsible for your business: “Don’t blame the economy, the government or your staff. If you are not successful, it’s your fault.”

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Women Entrepreneur Successes

Alphabet Soup Founder Nikki Lewin Discusses How They Compete With The Big Boys

Advertising doyenne Nikki Lewin reveals the importance of personal brands, living your values and finding your niche in the market.

Nadine Todd

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Vital Stats

  • Player: Nikki Lewin
  • Company: Alphabet Soup
  • Awards (2017): MOST Awards Winner of Traditional Specialist Media Agency; MOST Awards Runner-up for Media Agency of the Year; the Adfocus Media Agency of the Year Finalist
  • Media Billings: R100 million annually
  • Launched: 2000
  • Visit: www.alphabetsoup.co.za

Why did you choose entrepreneurship over a corporate leadership position?

The decision to start my own business was part of my DNA. In 1999 I was offered two media director positions of multinational agencies. I knew I wanted to make a difference and be in control of my own destiny, and that meant launching my own business instead of joining another big multinational.

It basically boils down to a couple of key factors — your appetite for risk, self-belief and knowing why you would walk away from the safety net of a guaranteed income and a defined job spec.

How are you competing against those same big multi-nationals?

When I launched Alphabet Soup I believed there was a market need for specific boutique offerings. I’d been in contact with numerous clients who wanted to work with uniquely South African companies and keep things local.

Related: Watch List: 50 Top SA Black Entrepreneurs To Watch

The more market research I did and the more I tapped into my network, the stronger I became of this conviction. It’s important to do that legwork before you start anything, and my experience in the industry gave me the insights I needed to be confident in my decision.

That same research revealed that we needed to offer our clients a complete, 360-degree solution, and so we created an agency that covers all aspects of advertising media — from strategy, planning and media owner negotiations, to market analysis, below-the-line, promotions, sponsorships and digital media. We also have clients that need media placements throughout Africa, and have since branched into that field as well.

This broad focus, our independent positioning, and the accolades we have received over the years allow us to be competitive, even though we are relatively small in comparison to many of our competitors. You don’t have to be big to be the best. You just have to punch above your weight.

We don’t aim to be the biggest agency, just an agency that delivers intelligent and professional media solutions. We do this by ensuring we are completely up-to-date with the latest strategic thinking in our industry, and we invest in staff training. It’s up to us to be able to educate, inform and guide our clients through key media knowledge.

How important are awards?

The topic of awards centres around whether they add real value to the business or not. In some cases you are nominated, in others you need to choose to enter. It takes time and effort to enter awards programmes, so there needs to be a strong business case for doing so.

We’ve found that the whole process — particularly winning — builds the agency’s reputation and is good for staff morale. For me however, it’s just one component of the journey.

Client longevity is critical and becoming an intricate part of their business is more advantageous to the agency’s success than any award. That said, awards do lend credibility to your brand if a client hasn’t worked with you before, but referrals and word-of-mouth will ultimately lead to business.

The MOST awards are about peer recognition. How important is this and why?

alphabet-soup-nikki-lewin

I have always set high standards, both personally and for my staff, and the same applies to media-owner interactions with clients. Our relationships with our media partners are based on integrity, respect and a mutually-beneficial relationship that relies on a cerebral output in order for our clients to have successful campaigns.

We have placed in the top three for the past ten years at the MOST Awards, and it was obviously great to win in 2017, but awards should never let you rest on your laurels. You can’t take past successes for granted. We need to continue to focus on building key relationships in all aspects of media.

Related: Watch List: 50 Black African Women Entrepreneurs To Watch

How important is a personal brand in building your own business?

My personal brand and business brand are essentially the same. I try and live to the values that are key to me and those that I try and teach my children. The values of respect, honesty, trust and integrity are paramount in my personal life as well as within my business. No matter where you are or what you do, people are always going to form an opinion about you.

My view is that you need to make sure it counts. Stand up for what you believe in, live with passion and make sure you have educated and informed opinions. It’s important that people know where they stand with you and I generally am pretty forthright in my opinions.

How do you separate yourself from the business brand, so that clients want to work with the business, and not just you?

After 18 years in the market, Alphabet Soup has become a brand in its own right, no longer ‘Nikki Lewin’s agency’. I’m just one part of it. I have a supportive team and we have earned our reputation with clients. I’m still always available to clients though, and I’m intricately involved in every aspect of the business. To be successful you need to have your finger on the pulse of your business.

I have always believed in keeping my work life and personal life separate in order to try and achieve a balance. Of course, this is not easy with two young children. Fortunately, my husband was in the advertising business early in his career and is incredibly supportive, while running his own retail and travel business.

Related: Funding And Financial Assistance For SA Women Entrepreneurs

Is it important to build a reputation in the industry before launching your own business?

I believe your reputation starts with your first day on the job and every interaction you have thereafter. It’s up to you how you manage that reputation. Respect is earned and if you are passionate about what you do and what you believe in, that transpires into your own DNA. If you’ve built a strong reputation, this will obviously give any new venture you embark on added credibility, but you can build your reputation as a start-up as well. You just need to be consistent and hold true to your values.

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Women Entrepreneur Successes

Watch List: 50 Black African Women Entrepreneurs To Watch

These female entrepreneurs are breaking barriers, transforming industries and inspiring change on the continent.

Diana Albertyn

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