Maps Maponyane on his failed business: ‘I had taken all my savings’
Maps Maponyane (PHOTO: Getty/Gallo)
Cape Town - TV personality Maps Maponyane, recently took to Twitter and revealed the invaluable lessons he had learnt about being an entrepreneur following a failed business.
The 28-year-old actor and model, detailed in a series of tweets his heartbreak over his collapsed business which he had established four-years-ago using his savings.
“4 years ago I had taken all my savings & backed what I thought to have been a brilliant business idea,” Maps wrote in a tweet.
Despite building a great team around the business in an attempt to make it a success, Maps revealed it still collapsed.
“A great team was built around it, & I continued to put whatever I could into to just give it a fair chance, even if investors weren't going to. This week we had to close it.”
“It was on the brink of death numerous times and just kept resuscitating it with every chance we could. Promises being made, and not being kept,” he wrote.
“Waiting on people to pull through for you to survive...and making a plan to cut everything else to keep it alive in any way possible...”
The tech business which was focused on music markets reached its lifespan after what Map’s described as, “Every optioned exhausted” to which he added: “By then the frustration is too much, you've done everything you can, and you just have to close your eyes and let go.”
In conclusion the Top Billing presenter, explained in the thread:
“So many invaluable lessons learned from it and a reminder of the level of risk that comes with it all,” he tweeted.
“Dust off and now to do better in the next one, there's always the next one, and now you're that much better prepared for it.”