In a country where many businesses do not live to see their first birthday, Vusi Thembwekayo was a refreshing name. The South African millionalire was in the country recently and he answered questions from entreprenuers and aspiring entrepreneurs.
Every after his session, Vusi Thembwekayo takes out his phone and asks the audience for a selfie. That is his signature thing, so it was no surprise that after his talk in Kampala, he pulled out his phone and snapped away – for his archives.
The South African global speaker was in town for a three-day visit and gave Ugandans some lessons on how to succeed in different fields.
Vusi, who is also a private equity managing partner and CEO, was ranked number one in public speaking at the age of 17. He hosted his talk with a cocktail dinner organised at Skyz Hotel Naguru, and in attendance was mostly marketers, CEOs, directors, entrepreneurs and business enthusiasts.
The session was set up in a question and answer format and so those present had a chance to get their questions answered.
To those that sought the formula to success, Vusi told them that there was no formula to success, a thing many people seem to get wrong.
A lady who runs a decoration business shared about her business and how she has been doing it for more than two years and wanted to know when she can expect her breakthrough.
In response, Vusi asked her how many people were doing the same business a kilometre away from her shop. She didn’t know. He then asked in the region and she still had no idea.
It was here that he advised her that knowing the competition is very essential because you get to know the competition’s advantages and disadvantages and that way you can get a formula to beat them.
In his final words, Vusi advised everyone to experience employment before thinking of starting their own business because it is through being employed that you get to learn mistakes people make.
“No matter what life throws at you, remember to keep walking like Johnnie Walker,” were the businessman and entrepreneur’s final words.
Vusi Thembwekayo is an acclaimed business mogul and global speaker. He is widely regarded as one of the most disruptive forces in venture capital in Africa. He was among the youngest directors of a listed company in South Africa and now serves on several boards.
Currently, he is the CEO of a boutique investment & advisory firm in Africa.