Stephen Akintayo, Forbes Business Council member
Dr. Stephen Akintayo is Forbes Best of Africa Leading Investment Coach and Real Estate Mogul. Chairman and Founder, Gtext Holdings.
Africa holds vast untapped potential and a growing spirit of entrepreneurship. As a real estate mogul and Forbes Best of Africa Leading Investment Coach and Real Estate Mogul Award recipient, my entrepreneurial journey has been one of resilience, innovation and an unwavering belief in Africa’s immense potential. I recognize that success is not solely about personal achievement but also about uplifting others and fostering a thriving ecosystem for the next generation of leaders. It’s easier for people to follow you when you’re ahead.
Through my mentorship initiative, I’ve connected aspiring entrepreneurs with seasoned professionals from various industries across the continent. This platform provides a safe space for mentees to learn, grow and receive guidance tailored to their specific needs and aspirations.
But mentorship is only one facet of my commitment to Africa’s future. My foundation addresses these issues by providing training on investment, particularly in real estate, and offering grants to support businesses, sponsor children’s education and empower widows and widowers. We believe in creating a more equitable and prosperous society, where everyone has the opportunity to thrive.
In this era of rapid technological advancement, we also understand the importance of fostering digital innovation. Africa’s tech scene is growing quickly, and through mentorship, we equip entrepreneurs with the knowledge and skills needed to harness the power of emerging technologies through a subsidiary of my company.
But our work doesn’t stop there. We’re committed to tackling systemic challenges that hinder entrepreneurial growth.
Here are some of the steps African leaders can take to ensure the next generation of entrepreneurs thrives:
Collaboration
There’s an African proverb that goes, “If you want to go fast, go alone. If you want to go far, go together.” By fostering collaboration, leaders can create a supportive ecosystem where entrepreneurs share resources, ideas and expertise. This network of support can lead to innovative solutions and a more resilient business environment. Encouraging partnerships between businesses, educational institutions and government bodies helps ensure that resources are maximized and efforts are not duplicated.
Knowledge Transfer
By providing access to education, training programs and mentorship opportunities, leaders can transfer their knowledge. Leaders should create platforms where experienced entrepreneurs can share their knowledge and skills with the younger generation. This can include workshops, seminars, online courses and one-on-one mentoring sessions. By facilitating knowledge transfer, we can equip young entrepreneurs with the tools they need to succeed and navigate the challenges of the business world.
Role Models
Highlight successful entrepreneurs and their stories. Role models provide tangible examples of success and can offer practical advice to aspiring entrepreneurs. Celebrating these individuals can inspire and motivate the next generation to pursue their entrepreneurial dreams. Leaders can organize awards, public recognition events and media campaigns to showcase these role models and their achievements.
Corporate Social Responsibility (CSR)
Promote ethical behavior, community engagement and environmental stewardship. Leaders should mentor young entrepreneurs to understand the importance of giving back to society and operating their businesses responsibly. CSR initiatives not only build trust and goodwill but also attract customers and create a positive impact on communities. By embedding CSR into their business models, entrepreneurs can contribute to sustainable development and social well-being.
Promoting Sustainability
Essential for long-term economic and environmental health is sustainability. Leaders can mentor young entrepreneurs on sustainable business practices, such as reducing waste, conserving resources and adopting green technologies. Sustainable practices not only reduce environmental impact but also open up new business opportunities and attract eco-conscious consumers and investors. By prioritizing sustainability, we help ensure that the growth of entrepreneurship does not come at the expense of future generations.
Embracing Technology
Having a good relationship with technology is crucial in today’s digital age. Leaders should guide and mentor young entrepreneurs in leveraging digital tools, platforms and innovations to enhance their business operations, reach wider markets and streamline processes. Technology adoption can improve efficiency, increase competitiveness and open up new avenues for growth and expansion. By staying abreast of technological advancements and integrating them into their businesses, entrepreneurs can remain relevant and agile in a rapidly changing world.
In essence, the approach to mentorship and leadership is not a one-size-fits-all model but rather a dynamic and inclusive ecosystem designed to nurture the diverse talents and aspirations of Africa’s next generation of leaders. When we combine personalized guidance, targeted support and a commitment to systemic change, we are not just creating successful entrepreneurs, we are building a brighter, more equitable future for the entire continent.
Africa’s entrepreneurial renaissance is already underway, and it is a testament to the unwavering spirit, creativity and resilience of its people. The future of Africa lies in the hands of its entrepreneurs. By investing in mentorship, education and skills development; creating a favorable investment climate; tackling systemic challenges; promoting collaboration; embracing technology; and prioritizing sustainability and fostering diversity and inclusion, African leaders can unleash the continent’s entrepreneurial potential and create a brighter future for all. I am honored and elated to play a small part in helping to unleash that potential, ensuring that Africa’s entrepreneurial spirit continues to shine brightly for generations to come.
The time for action is now.
Source: Forbes.com 9/13/2024 post – https://www.forbes.com/councils/forbesbusinesscouncil/2024/09/13/leadership-and-mentorship-guiding-the-next-generation-of-african-entrepreneurs/
