the pride of Africa's women entrepreneurs
by Margaret Hirsch
Collaboration is the name of the game! The old African saying “If you want to go fast go alone. If you want to go far go together,” it is so true, in business as well. I see so many startups who go really fast and then fail.
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As traditional offices evolve into virtual workspaces, the impact of working from home on individuals is undeniable. We were forced into this during Covid and suddenly Zoom became a household word and we were able to continue working from home which felt really strange initially - but it was so super to be able to go to the loo without walking across a busy shop and to make a cup of tea when you felt like it and not wait for the “tea lady” to bring it to you at 10am and 3 pm!
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As you know I am a huge advocate for family businesses. Where do they start? Well with a couple getting married and one or both deciding that they want out of the usual routine of working for someone else and making a living, they decide they want to work for themselves and make a fortune.
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As we celebrate Women’s Day this week, I thought I would devote this to all of you wonderful women out there. My favourite story of all time - the first part happy - the second part sad. Our job as women is to change this narrative!
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When starting a new job or career very few people think of themselves as leaders and I was one of these. For a while I was happy to be a follower, but as I progressed in companies I always took the initiative, went the extra mile, and was very soon frustrated by the red tape and protocol of corporate companies.
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It’s always been amazing to me that I have lived in this body for so many years, and had never thought about myself, my journey, or my personal growth. I think that growing up in a poor household we were focused on keeping body and soul together and the next meal became the most important thing that we could focus on.
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“You have to be in it to win it!” The saying came from a discussion with a person who always wondered why they didn’t win the lottery and every week they would complain that other people won something and they didn’t until eventually one day someone said to them, “well if you want to win the lottery, the first thing you must do is buy a ticket”.
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You spend your whole life building up your business and getting everything going and then you must quit while you are ahead. This is one of the most difficult tasks you will ever have to do. It’s something that nothing can prepare you for.
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When one is starting a business, the word on everyone’s lips is FUNDING, “I need funding for this that and the next thing”, but what they forget about is not only MARKETING which is the most important thing of all but ACCESS TO MARKETS to ensure that their business is not only successful but more importantly sustainable.
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Being brought up in a strict Baptist home, we had very strong principles to live by. However, we were taught to look down on anyone who remotely thought they were good enough! As a child I was told that children should be seen and not heard, that I should only speak when spoken to, and if I did something that went against the grain, I was told to be ashamed of myself - AND I WAS! If I said anything out of place, I had a harsh - WHO DO YOU THINK YOU ARE? thrown my way.
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My mother came from a reasonably middle to upper class family where she had been brought up with everything she needed. She had married the boy next door, and they had moved to the old Rhodesia where they went to seek their fortune. They had two children, myself - and my brother five years later - and everything was perfect. My mother was living her dream, playing tennis at the country club and socialising over weekends and being the proverbial housewife. My father’s sudden death was devastating to her! She was quickly swindled out of the pension money she had been left and found herself having to cope with two children, no job and no money and she was only in her mid 30’s.
Read moreMargaret Hirsch, co-founder and Executive Director, Hirsch’s (South Africa)
Margaret Hirsch, co-founder and Executive Director, Hirsch’s (South Africa)
Read moreMargaret Hirsch
Lioness Weekender Cover Story
Hirsch’s is a truly South African family business and was founded 41 years ago by Margaret Hirsch and her husband Allan. Today, it is the largest independently owned Appliance and Electronics retail outlet in South Africa - Margaret now has the role of Executive Director of the company, Allan is the Chairman, son Richard is CEO and daughter Luci is Brand Manager. Lionesses of Africa chatted to Margaret this month to hear her shared insights during this Covid-19 pandemic, and its impact on her personally and on the business. She opens up very honestly about her personal experiences, and also her people centric approach to business.
Read moreMargaret Hirsch, co-founder of Hirsch's Homestores (South Africa)
Margaret Hirsch, co-founder of Hirsch's Homestores (South Africa)
Read moreMargaret Hirsch, co-founder of Hirsch's Homestores (South Africa)
Margaret Hirsch, co-founder of Hirsch's Homestores (South Africa)
Read moreThe Margaret Hirsch 2018 Regional Women in Business Achiever of the Year Awards Evening took place at Emperor’s Palace in Gauteng, South Africa on 2 November. This prestigious event saw over 500 people, including top entrepreneurs and business women from around Gauteng attending the event to see who would be announced as the Regional and Branch winners. The event was co-sponsored by GRUNDIG, one of Hirsch's Homestore's most valued suppliers. Guest Speaker at the event was Melanie Hawken, the founder and CEO of Lionesses of Africa and a Champion of Africa’s Women Entrepreneurs.
Read moreMargaret Hirsch, co-founder of Hirsch’s Homestores (South Africa)
Margaret Hirsch, co-founder of Hirsch’s Homestores (South Africa)
Read moreMargaret Hirsch, co-founder of Hirsch's Homestores (South Africa)
Margaret Hirsch, co-founder of Hirsch's Homestores (South Africa)
Read moreMargaret Hirsch receiving her Impactful Social Innovators award in India
Margaret Hirsch, co-founder of the Hirsch Group, recently travelled to Mumbai, India to receive a prestigious award as one of the 50 Most Impactful Social Innovators (Globally) at the World Sustainable Development Congress 2018.
Read moreMargaret Hirsch
Margaret Hirsch has become a leading example to business women in Southern Africa – coming from a humble background, to co-founding and running the multi million rand Appliance and Electronic retail organisation, Hirsch’s. Margaret has been recognised through her efforts in building a successful business, and her determination to give back to the community by, over the last four years, winning a multitude of business awards, including two Lifetime Achievement Awards in business and entrepreneurship.
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