This archive report was first published on 28 November 2019.
On a journey of a thousand miles, every step counts. For Simon Wafubwa, CEO of Enwealth Financial Services, this adage has been a guiding principle in his remarkable journey to success.
Wafubwa's story began in 2011, when he started Enwealth with a mere Ksh300,000 as start-up capital. Eight years later, he found himself managing a Ksh65 billion fund, a feat that would have been unimaginable even in his wildest dreams.
Speaking to Business Today in an exclusive interview, Wafubwa attributed his success to the power of small steps. 'The problem with most people trying to make it in life is that they want overnight success, it doesn’t work like that,' he said. 'The baby steps are what leads to sustainable businesses.'
Wafubwa's journey was not without its challenges. He had to wear multiple hats, including being the managing director, HR, messenger, and secretary, all at once. However, he persevered, and his hard work paid off.
Today, Enwealth is a leading financial services company, operating a pension scheme and dealing in insurance. The company has expanded its wings to Uganda and Mauritius, employing 40 people in these three markets. Wafubwa's success has also earned him a significant commission, estimated to be around Ksh6.5 billion.
When asked about the secret to his success, Wafubwa attributed it to his faith and the company's relationship with its clients. 'I think one of the reasons that clients have invested is because of good returns,' he said. 'For instance, as of September, we are doing 13% return for 9 months investment in the personal pension savings plan.'
Wafubwa's story is a testament to the power of hard work, determination, and a positive mindset. As he said, 'To be able to create wealth you must format your CPU and think like a person who wants to succeed.'
