Nonjabulo Sikhakhane, despite the difficulties, has created a thriving financial literacy startup called Mboma Financial Services. She encountered bias and scepticism as a black woman in business, but she persisted and grew as a result. She wants to help other young businesswomen in South Africa by divulging her keys to success. Here are three of Nonjabulo’s most effective methods that have driven them to the top of the business world.
1. Strict Examinations Reveal the Urgent Need for Financial Education
Nonjabulo set out on his mission to combat financial illiteracy in South Africa because he felt strongly about the matter. She has worked in banking and customer service, so she has seen the difficulties that people of all income levels face while trying to keep their money in order. Nonjabulo recognised the importance of providing financial education to young people and developed a thorough programme to do so.
She knew that refining her entrepreneurial skills was essential if she was going to be successful in turning her idea into a company. Nonjabulo decided to get her Master of Company Administration from Milpark Business School so that she could hone her company plan with the help of seasoned advisors. Their knowledge and guidance were crucial as she worked to get her programme officially recognised. Nonjabulo prepared the ground for future success by thoroughly vetting her business plan.
2. Economic Caution: The Seeds of Long-Term Success
Due to her upbringing by a single mother, Nonjabulo learned early on the importance of being responsible with money. She took a deliberate approach to her spending habits by putting aside even tiny amounts of money in anticipation of future joys. She takes the same cautious approach and self-discipline in her business ventures as she did in her previous career.
Nonjabulo chose to hire contract workers instead of adding full-time employees so that the company could grow without sacrificing quality. She is still dedicated to providing her current customers with a first-rate financial education plan, with an emphasis on both product quality and long-term expansion. Being frugal has helped her through the tough times of starting a business in today’s market.
3. Networking for Greater Exposure and Influence
Nonjabulo realised the importance of networking and actively sought out opportunities to raise her name in the business and academic communities. She was aware that competence and expertise alone weren’t going to cut it. Nonjabulo took advantage of free advertising opportunities by embracing social media sites like LinkedIn, Facebook, Instagram, and TikTok to promote her financial planning services.
In addition, she took part in volunteer work, charity partnerships, entrepreneurship courses, and business gatherings. Nonjabulo’s social circle grew as a natural result of her participation in these events. She overcame initial scepticism and rose to prominence in her profession thanks to her persistent use of networking events.
Nonjabulo’s plans still centre on her enthusiasm for financial planning and the promotion of the well-being of others. She is a model of fiscal restraint by continuing to pack her lunch even as her company grows. Her deeds are a reflection of the ideals she champions, demonstrating the value of walking the talk.
Nonjabulo Sikhakhane’s entrepreneurial journey exemplifies the value of hard work, forethought, and networking to create lasting success. Her goal in life is to encourage other aspiring businesspeople to follow their dreams by sharing the wisdom she has gained along the way. She drives socio-economic transformation in South Africa by spreading financial education and enabling people to take charge of their financial futures.
About The Author:
Lunga Dlamini is a journalist specializing in African start-ups and entrepreneurship. Lunga’s fascination with innovative business models and emerging market trends guides his writing. He has an MBA and has been with Africa Nova since its inception.
