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Your Business Needs Medical Attention Too

October 30 2014 l ndbs  

As humans we are quick to seek medical help should we not feel well in our bodies and at times it does not matter how much we pay for the services as long we get help, yet we fail to do the same when our businesses are unwell, instead of seeking help from experts and consultants, we try to fix things by ourselves until the business collapse and we are unable to resuscitate it back to life.  The following are steps that will help getting your business healthy:

It requires diagnosis

It is easy to conclude that you suffer from headache and buy the medication to cure headache but if the cause of the headache is not dealt with the pain may continue until one sees a doctor, the same with business, we may conclude that we know what the challenge can be but the business need someone with ability to examine what the cause of cash flow problem could be or any other challenge for that matter.  You need to consult with experts in the industry to assist before the business collapse.

Get the right doctor

Knowing what you are suffering from and getting cured are steps toward healing.  It does happen that you see a doctor and same doctor refers you to theatre for operation when all that you needed was local anesthetic and you come out of hospital with worse complications than when you first went in. 

Back to business, you can know what the problem is but get wrong advice on the steps to take to get things fixed.  It is imperative to get a qualified advisor who will provide you with the right tool to get your business back to functioning normal again.  Rather pay more money to expert than pay quarter of the amount to someone who has no clue on how to get things fixed. 

Have regular check up

Once you fall sick you start to check what you eat and even exercise to stay fit.  Business requires similar approach, in order for your business not to face similar situation, one has to always check if you are still doing what you were advised to do. You need to monitor your blood pressure which is your cash flow as most businesses do not suffer from lack of Cash flow but unable to control the direction the Cash Flows to.  Let not money be an issue when it comes to consulting with the best in the industry who will be able to assist grow your  business.

In business  do not focus on one aspect only.  You need to know why there is no petty cash, you need to know why products are supplied being dirty, you need to know why clients no longer come in numbers like they use to.  Find out if your clients are still happy with the overall service.  If you keep checking on your business always you will be able to spot the problems and get them fixed before it is too late.

Derrick is a Certified Business Advisor   (IBA Member)

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Get Your Business Off The Ledge

September 30 2014 l ndbs  

Every business does experience dry season and rainy season, there are times where it soars like an eagle, and comes a time where it hides like a bat waiting for night time.  It becomes dangerous when it get on the ledge and leave the owner with two options: To jump and crush or hold back for rescue.  When faced with that situation the following can help get on your feet again:

Demand To Speak To A Negotiator

You might have made calculations and nothing seems to make sense except to close down, but before you do look for second opinion.  Be open with the consultant you will speak to as to what led to the situation, the consultant may not have all the answers but will assist in finding a solution that may not lead to closing down your business, Negotiator can call paramedics and fire men to come with cushions so that if you jump you do not land on the hard ground. 

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Is Cash Still King In Business?

August 29 2014 l ndbs  

The old adage that Cash Is King still has meaning in today’s business world.  Employees are paid through cash, Service providers need to be paid cash, creditors are paid cash.  Any company that has its cash withheld by its debtors such company may struggle to meet its financial obligations. 

It is  obligatory for a company to make sure there are funds available for smooth operations and any continuance in giving out credit without proper monitoring can lead to collapse which may trigger bankruptcy.  However, not all clients can have cash at their disposal to pay for the product, in such cases the measures must be in place to monitor the issuing of credit through:

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Dining With Captains 

July 31 2014 l ndbs  

Getting clients to buy your product or service takes talking and selling but to keep them takes character and respect.   The clients that you have they are also clients to others so they know all the tricks and the kind of game you play, and they can easily tell if you are trust worthy or not.  Some clients tolerate you when you lie not because they can’t change you for other providers but they see it as eye opener because they also do the same to their clients too.  No one wants a relationship with the clients that end with selling the product and nothing else until the next order.  But for you to always dine with your clients you need to take the following into consideration

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Curious Case Of Middle Class

June 24 2014 l ndbs  

The economy is structured in such a way that there must be employers and the employees. And it is the responsibility of employer to pay the employee for the services rendered or work done.  It is within  this circle where the  bourgeoisie have  found a dwelling place.  They also face a challenge whereby being in the middle means they must be paid salary to feed someone else or take care of house hold.  They are also a target of crime as they are the ones who are driving around with affordable cars and that lead them to seek security in the high walled estates.  

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Act Like Antrepreneur, live  like Entrepreneur

May 19 2014 l ndbs  

Ants are interesting insects and unlike lions that you have to find in the zoo, they are found in rural and urban areas.  They travel without boundaries and  work hard for their food no wonder they got special mention in the bible, Proverbs 6:5-6 ““Go to the ant, you sluggard! Consider her ways and be wise” .  In studying their lifestyle one discovered that there is much to learn from such a tiny creature than could learn from a lion.

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Advertising On Social Media For Results

April 28 2014 l ndbs  

Social media is a great platform for networking, business connection, family contact, friendship, dating that may lead to marriage or heartbreak, whatever the reason may be, the bottom line is any person who is on social media already know the purpose and intentions of being there.  How you behave to those you are connected with may make or break your business as you

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