MARGARET HIRSCH
Inspiring doyenne of home appliance retailing
Co-founder & Chief Operations Officer of Hirsch’s Homestores
Country: South Africa
Sector: Appliance & Homeware Retail
Margaret Hirsch is one half of a dynamic husband and wife duo that founded Hirsch's Homestores. Back in 1979, as a secretary, together with her husband Allan, then an appliance repair man, they unwittingly became entrepreneurs who went on to build an appliance, electronics and furnishing retail empire. Today, Hirsch's Homestores is the largest independently owned appliance and electronics business in Southern Africa, with 18 Hirsch stores and four Samsung concept stores.
The Hirsch family business story is the quintessential story of making good against all the odds. From starting out unemployed, in a tiny showroom in Durban back in 1979 with just R900 (US$ 90) in savings, Margaret and Allan have built a business that by the end of 2012 topped the R1 billion turnover milestone.
Margaret's Startup Story
Over the past 35 years, this inspirational woman entrepreneur has risen from difficult beginnings in life, to the head of a major retail business success story that is the model for many others to follow.
Margaret Hirsch’s difficult start in life, with the death of her father when she was 11 years old, and her placement in foster care for a short period whilst her mother’s circumstances improved, probably gave her the fortitude needed to meet every challenge thereafter in life with fearlessness.
Margaret’s entrepreneurial journey began when she and her husband both lost their jobs at the same time, and with two children and no income, they pooled their small financial resources (just R900, or US$90) and their considerable talents, and set up their first business - a home appliance repair and maintenance shop.
Read more about Margaret's startup story →
Margaret's story is one that will fire up hope in any woman who feels the odds are stacked against her. She provides a compelling example of the never-say-die attitude found in many of the world's great entrepreneurs who have risen against all the odds to achieve great things. Her self-belief, tenacity, resilience and seemingly endless capacity to empower the people around her are remarkable qualities. Add to this her down to earth family values, work ethic, and sheer chutzpah and you have a great role-model for all aspiring women entrepreneurs. --- Melanie Hawken, LoA founder & editor-in-chief
“We have built Hirsch’s from a tiny little 'mom and pop' store to a billion rand company and I hope that I will be an inspiration to others to know that they can live their dreams as well.”
"I regard myself as a 'jack of all trades', having done the selling, invoicing, demonstrating, being a delivery person on the trucks, installing and demonstrating in customers’ homes and generally taking care of everything at Hirsch’s for the past 34 years."
“We went from having no children and two jobs to having two children and no jobs in the space of just over a year. This was our big incentive.”
Featured
Multi-award winning co-founder of South African retail giant, Hirsch’s, Margaret Hirsch, together with her husband co-founder Alan Hirsch, were announced as finalists in this year’s EY World Entrepreneur Awards South Africa this week. They were recognized for their incredible achievements as entrepreneurs and major brand builders in the prestigious Master Category of the Awards.
Margaret Hirsch, COO of the Hirsch Group and a champion for Women’s Empowerment, was recently conferred with the prestigious Global Inspirational Women Leadership Award and the United States Congressional Commendation Award by the Centre for Economic and Leadership Development (CELD). The CELD is a leading human capacity, gender empowerment and development-based organisation that sees itself as a catalyst and thought leader in developing the theory and practice of leadership, social, educational and economic empowerment particularly in Africa.
As women we have to balance a lot - our work, our home, our husband’s, our children, our finances. We have to be courageous and have a sense of our own self worth and not allow people to take advantage of us. How often do we actually do this, just because we want to be liked? Too often.
Johannesburg, 18 August --- Margaret Hirsch wins the Top Business Women of 2016 Award at the Topco Media and Standard Bank Top Women Awards hosted on 18 August 2016 at Emperor’s Palace, Johannesburg. This event celebrates and recognises female leaders in business that form a part of the 13–year legacy that is the Top Women Awards.
The 9th IWEC International Women’s Entrepreneurial Challenge and Awards event took place last month in Istanbul, Turkey, and one of South Africa’s most respected and successful women entrepreneurs, Margaret Hirsch, co-founder and Chief Operations Executive of Hirschs, was invited to speak about her work, her philosophy on women’s economic participation and upliftment, and her own entrepreneurial journey. LoA spoke to Margaret about this amazing experience and what she learned from it.
The prestigious 9th IWEC - International Women’s Entrepreneurial Challenge and Awards event is currently taking place in Istanbul, Turkey, and one of South Africa’s most respected and successful women entrepreneurs is one of the invited guest speakers at the event. Margaret Hirsch, the co-founder and Chief Operations Executive of Hirschs, has been invited to speak about her work, her philosophy on women’s economic participation and upliftment, and her own entrepreneurial journey. She was joined by fellow South African entrepreneurs Shona McDonald from Shonaquip and Wendy Kemp from Accountability in Cape Town.
One of our truly inspirational Lionesses of Africa, Margaret Hirsch, the co-founder and Chief Operations Officer of the Hirsch Group and a champion for womens empowerment, has received the award for the most Influential Woman In Wholesale and Retail for the African Continent. She was also given a Lifetime Achievement Award in her category in the Titans Most Influential Women in Business and Government awards ceremony that took place at the Gallagher Estates Convention Centre in Gauteng on 10 November. This is the 14th top business award won by Margaret over the last four years.
Xtraordinary Women feature Margaret Hirsch as their Woman of the Month
"I was born in Zimbabwe to South African parents who went there to make their fortune. In 1961 my father was diagnosed with a brain tumour and we went back to South Africa and settled in Pietermaritzurg, where my Dad died later that year. I was placed in a foster home to finish Standard 5 while my mother found work in Durban"...
Read the full article here.
On August 28 2012, Margaret Hirsch, the Chief Operations Officer for the mega appliance store, Hirsch’s Homestores, the company that she, and her husband Allan founded 33 years ago, won the Entrepreneurial Business Woman of the Year Award. She received her award from President Jacob Zuma at a glittering gala dinner held at the Sandton convention centre. This is the top award for women in business in South Africa.
Read the full article here.
Entrepreneur Advice
You need to learn to turn stress on its head....
"I believe stress is a figment of imagination; a way of thinking about what you don’t want to happen. You turn this around and think about what you do want to happen‚ and amazingly enough it actually happens.”
- Margaret Hirsch is one half of a dynamic husband and wife duo that founded Hirsch's Homestores. Back in 1979, as a secretary, together with her husband Allan, then an appliance repair man, they unwittingly became entrepreneurs who went on to build an appliance, electronics and furnishing retail empire. Today, Hirsch's Homestores is the largest independently owned appliance and electronics business in Southern Africa, with 18 Hirsch stores and four Samsung concept stores.
Persistence will get you there....
"You can make all your dreams come true with passion, hard work, focus and the drive to persist until you get to where you want to be - and then when you get there, do that little bit more that will make a huge difference."
- Margaret Hirsch is one half of a dynamic husband and wife duo that founded Hirsch's Homestores. Back in 1979, as a secretary, together with her husband Allan, then an appliance repair man, they unwittingly became entrepreneurs who went on to build an appliance, electronics and furnishing retail empire. Today, Hirsch's Homestores is the largest independently owned appliance and electronics business in Southern Africa, with seventeen branches and concept stores spread throughout South Africa.
There is nothing you cannot do....
"You have to know that there is absolutely nothing you cannot do. You have endless potential, and opportunities present themselves all the time. You have to grab every one that comes your way. You have to wake up every day and say 'Thank you God for sparing me for this day'."
- Margaret Hirsch is one half of a dynamic husband and wife duo that founded Hirsch's Homestores. Back in 1979, as a secretary, together with her husband Allan, then an appliance repair man, they unwittingly became entrepreneurs who went on to build an appliance, electronics and furnishing retail empire. Today, Hirsch's Homestores is the largest independently owned appliance and electronics business in Southern Africa, with seventeen branches and concept stores spread throughout South Africa.
You need to learn to be tough....
"If you want to get ahead‚ you have to be tough. Sometimes toughness goes against what you have been taught as a little girl‚ but if you aren’t tough‚ people will walk all over you.”
- Margaret Hirsch is one half of a dynamic husband and wife duo that founded Hirsch's Homestores. Back in 1979, as a secretary, together with her husband Allan, then an appliance repair man, they unwittingly became entrepreneurs who went on to build an appliance, electronics and furnishing retail empire. Today, Hirsch's Homestores is the largest independently owned appliance and electronics business in Southern Africa, with seventeen branches and concept stores spread throughout South Africa.
My top 3 tips for women entrepreneurs....
"1. Look after your health. Your wealth is no good if you are not healthy. 2. You can have anything you want in life if you are willing to pay the price. 3. If you can't afford it, don't have it."
- Margaret Hirsch is one half of a dynamic husband and wife duo that founded Hirsch's Homestores. Back in 1979, as a secretary, together with her husband Allan, then an appliance repair man, they unwittingly became entrepreneurs who went on to build an appliance, electronics and furnishing retail empire. Today, Hirsch's Homestores is the largest independently owned appliance and electronics business in Southern Africa, with seventeen branches and concept stores spread throughout South Africa.
Videos
Margaret Hirsch co-founder and COO of Hirsch's Homestores shares some of the pearls of entrepreneur wisdom she has gained along her remarkable journey in business.
Published on Sep 20, 2013 Source: www.eoy.co.za
Be inspired by The Sanlam / Business Partners Entrepreneur of the Year ® 2013 success stories - Meet the finalists, in the Medium Business Category, Margaret Hirsch from Hirsch's.
Published on Nov 12, 2012 Source: www.abndigital.com
PART 2: ABN's Chris Bishop is joined in studio by Margaret Hirsch, founder and COO of Hirsch's Homestores, to share the inside story of what it takes to get the entrepreneurial edge. The interview follows Margaret Hirsch being honored by her peers who named her winner of the entrepreneur section of the Business Woman of Year award 2012.
Published on Nov 12, 2012 Source: www.abndigital.com
ABN's Chris Bishop is joined in studio by Margaret Hirsch, founder and COO of Hirsch's Homestores, to share the inside story of what it takes to get the entrepreneurial edge. The interview follows Margaret Hirsch being honored by her peers who named her winner of the entrepreneur section of the Business Woman of Year award 2012.
Quotes
“I am passionate about South Africa. We live in a country of wealth and abundance and it’s up to us as entrepreneurs to ensure this country goes from strength to strength.”
Margaret Hirsch, co-founder and Executive Director, Hirsch’s (South Africa)
"It is our responsibility as business women to touch as many lives as possible and leave behind a legacy of knowledge.”
Margaret Hirsch, co-founder of Hirsch's Homestores (South Africa)
"You can work for a boss and make a living or you can work for yourself and make a fortune: the choice is yours."
Margaret Hirsch, co-founder of Hirsch's Homestores (South Africa)
"It is our responsibility as business women to touch as many lives as possible and leave behind a legacy of knowledge."
Margaret Hirsch, co-founder of Hirsch’s Homestores (South Africa)
"Never listen to anybody who tells you, you can’t do it. You know you can so just get on with it.”
Margaret Hirsch, co-founder of Hirsch's Homestores (South Africa)
“There are two important days in a person’s life. The first is the day they are born, and the second is the day they find out why. Your job is to find out why you are here and to list five most important personal goals, and your five business goals.”
- Margaret Hirsch co-founder of Hirsch's Homestores (South Africa)
"You don’t have to be great to get started, but you have to get started to be great!"
Margaret Hirsch is one half of a dynamic husband and wife duo that founded Hirsch's Homestores. Back in 1979, as a secretary, together with her husband Allan, then an appliance repair man, they unwittingly became entrepreneurs who went on to build an appliance, electronics and furnishing retail empire. Today, Hirsch's Homestores is the largest independently owned appliance and electronics business in Southern Africa, with 18 Hirsch stores and four Samsung concept stores.
"Whatever you do - do it the best you can and then go the extra mile."
- Margaret Hirsch is one half of a dynamic husband and wife duo that founded Hirsch's Homestores. Back in 1979, as a secretary, together with her husband Allan, then an appliance repair man, they unwittingly became entrepreneurs who went on to build an appliance, electronics and furnishing retail empire. Today, Hirsch's Homestores is the largest independently owned appliance and electronics business in Southern Africa, with seventeen branches and concept stores spread throughout South Africa. Margaret was recently announced as the winner in the Standard Bank sponsored Top Business Woman of South Africa Award, her 17th major business award.
"Think big. It’s easier to think big than it is to think small."
- Margaret Hirsch is one half of a dynamic husband and wife duo that founded Hirsch's Homestores. Back in 1979, as a secretary, together with her husband Allan, then an appliance repair man, they unwittingly became entrepreneurs who went on to build an appliance, electronics and furnishing retail empire. Today, Hirsch's Homestores is the largest independently owned appliance and electronics business in Southern Africa, with seventeen branches and concept stores spread throughout South Africa.
"I believe stress is fear and I honestly am not afraid of anything. There has never been a challenge that I had to face that I haven’t been able to get sorted.”
- Margaret Hirsch is one half of a dynamic husband and wife duo that founded Hirsch's Homestores. Back in 1979, as a secretary, together with her husband Allan, then an appliance repair man, they unwittingly became entrepreneurs who went on to build an appliance, electronics and furnishing retail empire. Today, Hirsch's Homestores is the largest independently owned appliance and electronics business in Southern Africa, with seventeen branches and concept stores spread throughout South Africa.
Social Impact
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.
Awards & Accolades
Margaret's recent awards and honours include:
- 2016 - Margaret wins the Top Business Women of 2016 Award at the Topco Media and Standard Bank Top Women Awards
- 2015 - Margaret is honoured as the most Influential Woman In Wholesale and Retail for the African Continent by CEO Global
- 2015 - Margaret receives a Lifetime Achievement Award in her category in the Titans Most Influential Women in Business and Government
- 2015 - Margaret is winner of the Regional, Country and Lifetime Achievers Awards for Most Influential Women in Business
- 2014 - Margaret is inducted into the Global Woman Leaders Hall of Fame
- 2013 - Margaret receives the Top Woman Award for Best Woman Empowered Community Programme
- 2013 - Margaret receives the Lifetime Achievement Award from Sanlam / Business Partners
- 2012 - Margaret won the Businesswomen’s Association of South Africa (BWASA) Businesswoman of the Year Award Entrepreneur Category
- 2012 - Margaret won the Business Excellence Award from the Ekurhuleni Business Initiative and Captains of Industry Forum
- 2012 - Margaret won the Lady ROCCI (Roodepoort Chamber of Commerce) Gold Award for Business Woman of the Year
- 2011 - Margaret won the CEO Magazine 'Wholesale & Retail category of SA's Most influential Women in Business & Government Award'
The 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.