Lekau Sehoana encourages Boiti
Lekau Sehoana wrote a long letter to Boity after he was dragged out of business over the failure of his perfume line and other business ventures.
Drip CEO shares her experience and thanks her for not giving up.
“Like everyone else, I saw the posts and articles. And like most entrepreneurs, I know exactly what failure looks like. A failed strategy, a failed business, or a failed product does not make a human a failure. When we develop a product, there is a certain percentage that we expect to get out of that product. For better or for worse. We also have follow-up products in case something doesn't work out. That's why entrepreneurship, especially product building, becomes a continuous process. ”
“That will never be the goal…I was so inspired when I saw your short reply on Instagram…Here’s why. In 2019 I started @dripsportif, Two years later, we had opened 25 stores. It has since closed some stores and moved some to better trading locations in malls. We further invested in the group (DRIP Group) and built a brand house where DRIP and other brands come together.@DomainJeans And Kiddy's Republic sits down. I had to liquidate Kiddies for much the same reason, but it didn't work out. ”
“This is further proof that entrepreneurship is all about movement. At the heart of that movement is failure. The odds are there. 9 out of 10 startups fail, Remember: 38% fail due to lack of funding 35% of startups fail due to lack of market need By the fifth year, 50% of all startups fail. These statistics aren't there to help us sleep better at night, but they're there to help us be solution-driven. And boy, are they very helpful. I'm fine. Kudos to you for starting and being positive. Never give up. This is what entrepreneurship is all about…
This guy is really pathetic
— Fanito (@Fanito20107401) April 19, 2024
