Maps Maponyane Speaks on Failed Business

Media personality Maps Maponyane recently took to Twitter to share some of the valuable lessons he has learned from a failed business venture.

In a series of tweets, he shared his heartbreak over his failed business established four years ago, using his savings.

Business

“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.

“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.”

He even tried to revive the business several times.

“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,” Maps 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…”

After every option was exhausted, the business failed.

“By then the frustration is too much. You’ve done everything you can, and you just have to close your eyes and let go.”

From it all, Maps took home some lessons.

“So many invaluable lessons learned from it and a reminder of the level of risk that comes with it all.

“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.”