This archive report was first published on 25 September 2019.
Renowned entrepreneur and pastor Thomas Dexter Jakes Sr, popularly known as TD Jakes, recently visited Nairobi for the Soar Africa forum. During his visit, Nyakundi Report had the opportunity to engage him in a conversation about his entrepreneurial journey and the lessons he has learned over the years.
Published on September 25, 2019, Jakes' visit to Nairobi provided a unique opportunity to explore his entrepreneurial ventures beyond his role as the pastor of the mega-church Potter's House. Interestingly, his business, TD Jakes Enterprises, has endured longer than his church.
When asked about his biggest takeaway from over two decades in business, Jakes emphasized the significance of people as the core resource in achieving success. He noted that a team sold on the vision is essential for achieving significant milestones in business. Additionally, Jakes stressed the importance of not despising small beginnings, as they provide an opportunity to work out mistakes and build relationships that sustain the business as it grows.
Mentorship was another crucial aspect of Jakes' entrepreneurial journey. He highlighted the value of searching for and modeling business after an entrepreneur you admire, as well as having different mentors who speak into various aspects of your life.
As technology continues to disrupt businesses, Jakes acknowledged its paradigm-shifting impact. He noted that technology has reduced the cost of capital to set up a business, making it easier to market to a target audience through social media.
For those looking to venture into business, Jakes advised that they must be prepared for years of scarcity and understand that entrepreneurship requires hard work and struggle. He emphasized that success often comes after sacrifice, and that a business that achieves success too quickly may not last long.
