The life of an entrepreneur can be daunting at times. The main source of frustration is the need for a continuous cash flow. For some would be entrepreneur, having the capital to even began their company stops them before they get started.
There is nothing more inspiring then reading the stories of those that have gone before you and have done what seems to be the impossible. Here are six business owners that didn’t let money stop their dreams.
- Bethlehem Alemu (Ethiopia)
Bethlehem Alemu is the owner of SoleRebels one of the fastest-growing African footwear brands being sold in over 50 countries across the world. Her dream got its start by raising funds from family and friends in 2004.
- OMG Digital (Ghana)
With a lack of interesting content on the internet that fit their lifestyle, Dominic Mensah, Prince Boakye Boampong and Jesse Arhin Ghansah started OMG Ghana a media company for young savvy Africans in 2012. In June 2017, they raised $1.1 million from a group of investors. Today they have a strong following in other countries like Nigeria and Kenya, with their sights set on South Africa, Tanzania, Uganda, and Zambia.
- Lorna Rutto (Kenya)
In 2010, Lorna Rutto quit her bank and started EcoPost. Her company collects and recycles waste plastic into aesthetic, durable and environmentally-friendly fencing posts serving as an alternative to lumber. Her dream became a reality when she won a SEED Award worth $6,000. Later that year she also won a $12,700 grant from the Enablis Energy Globe-Safaricom Foundation.
- Babajide Ipaye (Nigeria)
The love of shoes came early for Babajide Ipaye. Due to his large foot size it was difficult to find shoes that fit properly. Even though he embarked on a career in Information Technology, it did not stop him from dreaming of designing his own footwear. After raising £17,871 on Kickstarter in 2015 Keexs was born.
- Anna Phosa (South Africa)
Anna Phosa is often referred to as a ‘celebrity pig farmer.’ But business was not always booming. She started with 4 small pigs which she purchased with $100 from her savings in 2004. Four years later Pick ‘n Pay contracted for her to supply their stores with ten pigs per week, which quickly grew to 20 per week. In 2010, Anna signed a contract to supply 100 pigs per week over the next five years to the same supplier. Today, her farm houses 4,000 pigs at a time and employs 20 staff personal.
- Zoona (Zambia)
What do you get when you put an ex-JP Morgan banker and a former commercial director of a telecom company together? You get Zoona. A financial services business founded by two brothers – Brad and Brett Macgrath in 2009. So far, the company has processed more than $1 billion in money transfers, bill payments and other financial services. In 2016, entrepreneurial pair raised $15 million from a group of investors led by the International Finance Corporation.
As you can see there are a multitude of ways to fund your business. If you have a viable idea and a dream, then don’t let money be the reason you give up.