Know all the corners of the industry you operate in and be willing to learn from others.
Silas Theophilus Busang Nyembe started engaging in the family business when he was 12 years of age working as an assistant at his aunt’s supermarket whereby he had to learn all the basics he had to learn. Then he started tackling minor duties of the operation of the supermarket at the age of 14 years.
At the age of 16 years he then started working with his late father Tshepo Theophilus Modimoeng as a junior manager of a family Butchery and he was taught how to run the daily operations of the business and then he started working at a Café with his younger aunt as a junior manager and introduced several ideas that lead the business to succeed in terms of sales and eliminating competition.
A year later Silas was then a full time day to day operations manager of all the family businesses and he formed a healthy relationship with all his teachers and mentors in business. 2016 he then formulated a new entity of his own T.S.B Records which managed to achieve few achievements and a strong relationship with its Alias in business. Same year a property development company was then registered named 2 TIS Property Developers in which he was a partner with his late father Tshepo Theophilus Modimoeng.
Early 2017 he joined WLS Construction And Hardware which aimed at being a supplier of Sibanye Gold and other private corporations. Currently Silas is part of a growing network of young Entrepreneurs and leaders who are taking responsibility and making a difference, the network is South West Youth Arts And Culture (SWYAAC).
He is also a director at Westonaria Development Forum. Silas found development more interesting than any other business venture he joined. He is now a full time consultant, community personal, and he just started his new career as a politician. He is currently lobbing for the Chairperson position at his ANC YOUTH LEGUE branch. He is looking forward to introduce new developments that will bring change not only to the youth but to the following generation after his.
He is engaging with the community council to raise different views apart from the traditional transaction of decision making and planning. Silas believes that he was born for only one reason which is to bring hope when no one believes things will change.
Where did the idea for your company come from?
The idea came from social issues around me and my community. I usually strive to identify the community needs and then come up with solutions
What does your typical day look like and how do you make it productive?
My typical day usually consists of back to back meetings, sending and receiving e-mails, check and balancing of forums, organisations and the community supervision of the projects that are currently taking place. My strategy in terms of making my day productive is through sticking to my schedule, evaluating challenges, following my daily goals, hourly goals, always
How do you bring ideas to life?
I form partnerships with various departments of the government, partner with corporates and SMME’s with similar vision and mission. after the planning phase I then start engaging with the target audience who have the potential to be our beneficiaries.
What’s one trend that excites you?
Property Development trend and the financial market trend.
What is one habit of yours that makes you more productive as an entrepreneur?
The will to learn new things and being updated with information.
What advice would you give your younger self?
Self pity won’t take you anywhere but will bring you down day in day out. The only way to enjoy life is to follow your passion and your purpose.
Tell us something that’s true that almost nobody agrees with you on.
Money does not exist, money is the form of a fair exchange between two people around the same country, continent or any part of the earth. The only thing that makes the existence of money is the value it carries around peoples hurts.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
I personally advise people to have a working system that will separate them from the crowd.
What is one strategy that has helped you grow your business?
My winning formula has to do with connecting with relevant people from different backgrounds, forming a business network chain with all companies that offer services that are in need of my company and the formulation of Alias.
What is one failure you had as an entrepreneur, and how did you overcome it?
Lack of knowledge, lack of time management, lack of identifying my priorities and isolating myself from the people. When I started to join entrepreneurial programmes and seminars.
What is one business idea that you’re willing to give away to our readers?
The idea i would like to share is that; to all the readers, it is important to view your businesses as long term investment, this means entrepreneurs should start looking at investing in skills development, employing 20% of the beneficiaries from the skills development and place them within their organisations while the other 50% they use them as interns and the other 30% is used as trainees to offer services to the public and programmes that have to do with your services.
What is the best $100 you recently spent? What and why?
My recent R1200 I spent it at the Financial market by investing in US Gold and Cryptocurrencies. Because I didn’t have any plans with the money and i decided to invest it.
What is one piece of software or a web service that helps you be productive? How do you use it?
Upcounsel, it helps me with legal issues.
What is the one book that you recommend our community should read and why?
A LEADER WITHOUT A TITLE, this is because I managed to learn a lot in terms of taking responsibility, team building, and the important part ” Everyone is a leader in different parts of life “.
What is your favorite quote?
Empires ain’t build in one day.
*Know who you are before you want to be with others ( get to know where you are from before you decide to embark on a journey).
* Know all the corners of the industry you operate in and be willing to learn from others.
* Don’t lose your Principles and morals along the way.