Page 13 - Biz Magazine August 2019

BiZ Discussions: How did you finance set out to achieve as opposed to sitting around
your endeavours, both initially and as your and waiting for every small detail to fall into
business grew? place. I also learned the value of a business coach
Sibusisiwe: Initially, I raised R700 000 as a business by contracting the services of Zoh P Mashabane
loan from a credible bank at a very reasonable of Rationalize . Her extensive experience in the
interest rate because of the long standing business business world has been extremely valuable and
relationship my other businesses have with them to date, she is one of the key players to thank for
with a timeline of paying back the funds in 36 taking Platinum Glow Kids to new heights. Overall
months. I don’t know that I would have done anything
differently, but I think all the successes and failures
BiZ Discussions: is your business today along the way made me a better entrepreneur.
what you originally envisioned at the outset
or has it changed significantly in the past few BiZ Discussions: What were the most
months? important factors that contributed to your
Sibusisiwe: The business is even better than what success?
I envisioned! Since its founding days, the brand Sibusisiwe: The most important factors that led to
continues to be synonymous with my mission. Platinum Glow Kids ‘ success was its well-executed
We offer quality children’s hair care and an and innovative concept, the demand for quality
environment that celebrates kids. However there kids-focused hair care services and its compelling
are challenges and areas for improvement that economic model.
one needs to continuously attend to as a new
business. Our clients play a big role in shaping BiZ Discussions: What are the next steps you
and improving the business model. We take all want to take as a business owner? How do you
comments and complaints seriously and learn see yourself achieving those goals?
from each experience on how we can do better the Sibusisiwe: Personally, I am going to launch other
next day. Platinum Glow Kids has revolutionized branches in the KZN province and ultimately in
the children’s hair care industry in KZN by making other provinces. Although I wouldn’t have done
hairstyling and haircuts fun for kids, relaxing for anything differently with Platinum Glow Kids , I
parents and rewarding for stylists. have learned a lot over the past few months since
I started Platinum Glow Kids . It seems logical that
BiZ Discussions: What are some lessons I would put my experience and knowledge to work
you’ve learned? is there anything you in expanding the business.
would’ve done differently?
Sibusisiwe: Everything along the way was a BiZ Discussions: What is your best advice to
lesson. I had no prior experience in salon business someone with a great business idea who is
or the hair care industry, so everything was new at ready to give it a shot?
every stage of growth. I learned the importance of Sibusisiwe: Just go for it. You’ll never have all
launching a start-up quickly rather than waiting to the answers, so don’t wait for it to be perfect.
perfect the business model. Nothing is ever going Also, make sure you understand the financials,
to be perfect when launching a new business but economics and that you have enough capital to
it is important to get out there and do what you’ve weather a few storms along the way.

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