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It Is The End Of The Year Not the End Of Your Business...DON'T PANIC

December 11 2015 l ndbs  
   

At the beginning of the year every business owner has resolution made and part of that is to make enough money to afford a holiday with loved ones, to some is to have a car or buy property, but come year end some realize that they faced more difficulties such that they are amazed that the business is still going on. No matter how prudent and careful you can be, business does face challenges that can be beyond your control, while operating with precision the landlord can decide to increase rent beyond your budget or give you notice to vacate the space, those are challenges and do not mean you should see it as end of your business.


Look Back with Pride

When you look into your business you will realize that in as much as you did not buy or do what you had as resolutions for new year, there are great things or huge investment you made toward the business. Remember that you have your plan but God direct your steps and knows what is best for you and your business. As long you were not wasteful but was able to reinvest and recapitalize your business, there is always another day and another year. Rejoice and celebrate over what you have achieved than worry over what was aborted during the year.

Celebrate the achievement than regret the failures

Make time with your staff or alone if the company has no employees and pop the champagne and celebrate what you have achieved throughout the year. Show appreciation of what you have than complain, when you appreciate you show heart of gratitude and open yourself to more blessings and achievement. Close the year with style, be it a party or just a special outing for good meal.

Count the stock

You need to know what you have achieved and what you did not achieve, then find out what became stonewall from achieving what you planned in the beginning of the year. If the stonewall was from internal factors, find a way to avoid the same from happening in the coming year, and if was caused by external factors also find a way to mitigate that going forward.

Anytime can be a holiday

If your resolution was to take your family for a holiday, as Entrepreneur anytime of the year can be a holiday. The hype is always around Christmas and Good Friday which is fair as you need to rest and celebrate with others but if budget does not allow for a holiday you can still celebrate and take your holiday anytime during the year. What is important is to take rest, as to when that will depend on the budget.

Plan for the following year

Planning for next year does not happen on 31 December but three months before the year end. You should have enough time for planning which may lead to taking a weekend for plenary session with the team if you have, but if no team you can still take that time alone. Carry over what was not accomplished in the current year than rule it out and make resolutions for the new year.

Derrick is a Certified Business Advisor   (IBA Member)

 
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Vision 3030: Think Beyond Your Lifetime

August 24 2015 l ndbs  
   
Whether we like it or not, probably none of us in 2015 will leave to see 3030. But whether we leave to see it or not, 3030 will come. In as much as there are those waiting for the world to end, the world may not end before 3030.

But if it does end before then, how will your name be remembered by those living after you? What inheritance will you have left to the generation to come? Will the mention of your name make them frown or smile?

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Take Off Saul's Armour And Face Goliath

June 17 2015 l ndbs  
   
The story of David and Goliath may sound a myth to some but records show that the battle in the valley of Elah with archeological backing did take place. It is a story so close to may people of different religions as it shows the level of faith and trust that one can have in God to win the battle. When David got into the camp of Israelites he was greeted by a giant challenging the army of Israel.

David immediately got charged for war but before he could approach the giant, Saul offered him his armour to wear, Saul was the tallest in Israel, meaning that the armour was no match to David’s body and after an attempt to walk, he decided to take the armour off and face Goliath with his Sling and stones.
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You Are The First PR Executive For Your Business, Behave As Such When Networking

May 08 2015 l ndbs  
   
Network sessions are seen by many as platform where they will go and sell their business and distribute business cards to those deemed potential clients, very few see it as a platform to buy what they are looking for, the reality is that what you have been looking for can be purchased at a handshake price for the mere fact that you shook hands with the seller and had an opportunity to interact at personal level than client and service provider. You therefore need to go the sessions prepared

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Get All Your Race Horses At The Starting Gates

March 23 2015 l ndbs  
   
At the racecourse all horses have same starting time and are at closed starting gate to make sure they are all at the same line before take off but someone is optimistic that their favorite horse will emerge a winner.

At the end of the race there will indeed be one winning horse that will be all over the news and those who placed a bet on it will head to the bank smiling. But the overall winner is the race organiser because every horse paid to enter the race, every gambler paid to bet for the horses, those attending the race paid entrance fee, the broadcasters paid for broadcasting rights, and the organisers decide the winner’s price.

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Enhancing Value Chain Among Entrepreneurs


Value Chain is the concept that has been promoted by governments around the world with focus on how they can integrate systems to function efficiently, and they have taken it further by looking at how they can relate amongst each other through bilateral trade agreements that carry tax exemptions and tariff deals that will see seamless transactions to boost their economies. 

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Fishermen Have No Competitors

I was asked a question by a mentoree during mentorship session: “How do I deal with competitors in the area?” And immediately the thought of fisherman dropped in my mind.  I pictured a fisherman on the bank of the dam with other fishermen nearby. 

What came strongly is that every fisherman is focused on their fishing line to see if it moves and their attention is on the fishing rod that is held tight by the hands which makes it difficult to lose :

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Knock Yourself Off Debts Wagon

Getting in debts then pay someone to administer your way out is like kidnapping yourself and pay someone ransom to be freed. Most people realize they are in debt the moment they need something and can’t afford due to other financial commitment, and instead of paying off what they have committed in they start to see crisis in the situation.  One has to ask a question “Did I make mistake by committing my money to that?” and if answer is no keep paying without pressure. 

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Your Business Needs Medical Attention Too

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:

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Get Your Business Off The Ledge

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: 

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Is Cash Still King In Business?

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. 

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Dining With Captains 

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.  

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Curious Case Of Middle Class 

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.    

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Act Like Antrepreneur, live  like Entrepreneur

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

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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