Business magnate Jimmy Koreia Mpatsa has advised young entrepreneurs in the country to be passionate in their work if they are to succeed in their businesses.
Speaking in an interview on Tuesday in Blantyre, he said that if young entrepreneurs venture into business motivated by money, it is more likely that they will fail because it is difficult to survive in a boring business.
Mpatsa, who is the founder of Mpatsa Trust, which has investments in real estate, private companies and hospitality industry, among others, was speaking in the context of Total Malawi Startupper of the year challenge, which awards young and innovative entrepreneurs.
He said: “You should love your work and make it your goal that people should buy your goods and services because they are unique and that they have value for money, which is only possible if you do this with passion.”
Mpatsa called on the youth to rely on their efforts, saying relying on other people’s efforts is suicidal.
“The best thing is find ways of overcoming obstacles, if you sit back and wait for good policies and good governments, you will not get there,” he advised.
Mpatsa also urged young entrepreneurs to embrace challenges as they come and always learn to learn from experience.
One of the young entrepreneurs, Mixon Faluweki, who is the brains behind the Padoko charger, said despite facing a number of setbacks in life, he has never looked down upon himself.
He said because of that, he has been able to come up with the award winning innovation, adding that plans are underway to start marketing the innovation.