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Want to lead a start-up? These are the skills you need
Embarking on the start-up journey requires solid business skills and a lot of stamina, but it also needs a certain kind of leader – someone with vision who can build a company to reach its full potential. Start-ups aren’t for sissies, says Mike Quinn, CEO of Zoona, a start-up that helps communities thrive by providing technology, capital and business support to emerging entrepreneurs in Africa, enabling them to offer financial services to Africa’s unbanked consumers. “A start-up isn’t just any new business,” says Quinn. “It’s a fast-growing entrepreneurial venture with the potential to reach scale. The idea is to build a big enterprise that will attract investment and achieve an exit. And investors are looking for an opportunity to get up to 10 times the return on their investment in five to seven years.” Quinn says a start-up needs a few things in place at the outset. “It starts with the founders and a team. You need the idea, and you need the commitment to spend 150% of your time ...
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