Business is tough, but so are you

You know what industry is going through a hard time ... ALL OF THEM!! But, if you want to see resilience, look at small business owners operating in the construction industry. 

1. 2019 was not a good year for the construction industry in general with some big players closing their doors, we saw Group Five, one of the country’s flagship construction and engineering companies shut their doors last year. 

2. 2020 = Coronavirus - There are reports that local construction projects are being impacted by indefinitely delayed shipments of construction material due to the coronavirus. What is also TRUE is that there are small construction businesses that are keeping their heads above water. Let's talk about Faith Tshepiso Mabena, co-founder and director of 100% black-owned Nokhanya Services, who has been in business since 2012.

Her construction company has built over 800 houses. Faith shares her journey with SME South Africa. The FULL INTERVIEW is available on the site, but here is what she credits for her growth and survival even in tough economic times:

1. Being meticulous about producing quality work.

2. Understanding her market and your competition.3. Being uncompromising about maintaining a positive mindset.

NEW This Week: She Completed Over 800 Houses – This is Her Entrepreneurial Story 

ALSO NEW THIS WEEK: 

1. BE AWARE: The Dangers of Using Independent Contractors or "Business Experts" in Your Business 

2. HOW TO: Build a Business with Purpose With These 5 Steps

3. PITCHING: We Review Justin Cohen‘s book, 'Pitch to Win: How to Present, Persuade and Close the Deal' & Learn How to Get a Winner’s Mindset

LESSON OF THE WEEK

“Be stubborn about your goals and flexible about your methods.” – Unknown

See also: How to Reach Your Goals in 2020

More Stories of Entrepreneurs Taking On the Construction Industry HERE:

- Remembering Dr Thandi Ndlovu – She Built One of SA’s Largest Black Female-owned Construction Companies

- Entrepreneurs Share: We Conquered The Township and Built a Multi-Million Rand Construction Business

- Meet the Man Who Built the World’s Best Retirement Home

- These 3 Women Entrepreneurs are Winning by Collaborating to Bid for Large-Scale Projects

ON THE SME FORUM

Hosting an Event for Business Owners? Submit Your Events Planned for March 2020 with our READERS