PJ Slabbert is the CEO of FinYou. When their group acquired FinYou, they saw massive potential in the market for a product that produced financial and technological innovation and growth. FinYou is a way for retailers to offer their clients credit without taking on any risk and virtually no admin, thus through our alternative payment method merchants can boost sales.
Here is what FinYou had to say about success and overcoming tough times in business.
When did you consider yourself a success?
We believe success is more than just a moment or a thing. We strive to be successful in every aspect of our business. Whether it be meeting our targets, enhancing our products – we always strive to be the best at creating value for all our relevant stakeholders.
To what do you attribute your success?
It has to be our great team. We are fortunate to have an excellent team that surrounds us. We value our members and thus are in a position where commitment from every person is part of our core values.
What failure taught you the most about your business and what was the lesson?
When we acquired the group, we quickly realised that the revenue model was not a good fit in the market, and the management was sorely lacking. The lesson here was to understand our market and to position ourselves correctly to achieve the underlying potential that we believe existed. The opportunity presented itself to restructure and breathe life back into a product that would indeed add value.
What was your best moment in business to date?
Every day has new great moments. We have had a great journey filled with ups and downs. There is nothing that beats the feeling of servicing our clients to the best of our ability and knowing that we have financed yet another dream through FinYou.
What drives you to keep going when it gets tough?
Persistence is only possible when you know exactly what your goal is and why you need to achieve it. With this being said we fully understand what we wish to accomplish with our business, we know the value we can add, and this is what continues to drive us every day. We believe in our vision for FinYou, and its future.
What are your success habits?
Surround yourself with the best people, have mentors to learn from that are smarter and more experienced than you are. Don’t be afraid of failing and work like someone is out there trying to take everything away from you.
Well done, FinYou. We hope you will grow from strength to strength.