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ND 2016

 

 

Transcend Your Business Idea From Creative Mode To Innovative Mode Seamlessly 

September 28 2016 l ndbs  
  
 

Business Ideas are floating in the minds of billions of people daily yet very few have the opportunity of turning them into reality.  Those with ideas are held back by many factors such as lack of funding, lack of support and lack of proper planning on their side. At the most people lack enthusiasm, thereby allow procrastination to kick in.   Of the ideas that make it into reality, most only get into creative stage and when the product is developed, the now entrepreneur is unable to take the product to the market since too much focus was in the development, excitement, experiment without looking into  how will the product be sold, where will it be sold and how much will it be sold for.  In order for the product to step out of idea stage  into development stage, then innovative  stage, the following should be in precision

 

Write down the Business Idea

For any business idea to see the light of the day, it must be recorded and documented.  If the idea is not documented there will be constant changes which may frustrate the production process.  Business plan is nothing but a documented record of how you came with the idea, when do you want to implement it, where will it be implemented, who will be your market, how much will it cost to implement it and how much will you make from the idea, when that is in place, you can regularly follow on your own record to see if you are making progress and if not, find out what is standing on the way.  It is when you will require funding and when you have enough money that you can pay consultants to document the business plan professionally.  Your Vision, Mission, Goals, Values, Marketing, Operation plan,  SWOT Analysis, Financial projections must be reflected in the business plan.

Create a product

Business plan must have time line, you need to know when will you start with your business.  Have outlined plan in place on how you will manufacture the product, package it, brand it, promote it and sell it.  Do not compromise on quality when producing your product or rendering a service.  Don’t just start, launch.  Make your day one of business remarkable.  Be visible,  be loud, let the world know you have arrived.  Make a grand entrance into business world.  Package your product well, brand it well, promote it well and sell it well. 

Innovate

After a lot of planning, preparation and product delivery, most entrepreneurs tend to relax and expect rewards for their efforts.  Reality is once the product hit the shelves that is when the real work starts, that is when all the planning and preparation are put to test, and if that test process finds you not prepared you can close down the shop.  Keep yourself motivated by treating every complain as a survey, every product return as quality assurance, every rejection as correction.  For your business and product to stand the market pressure you must be dedicated in product development, alterations and  review, following market trend will help you to position yourself in the NOW than stuck in the market needs of yesterday.  

 

Derrick is a Certified Business Advisor   (IBASA Member)

 
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ND 2016

Make Room For Plan B, Just In Case... 

August 03 2016 l ndbs  
   
 

In every circle of life people talk about having plans, and these plans are labeled as Plan A and Plan B, one rarely hear of plan C, D until plan Z.  Plan B does not have to be associated with failure but can be associated with taking A step further towards achieving your goals and objectives in business.  Plan A must be supported after running its course by adhering to the following:

Plan A is up to where your business is, and Plan B is when you take the business forward, but you cannot take the business forward without any future plans.  Business growth is determined by owner’s desire to change to the next level, when change is effected, growth is inevitable.   There is often reluctance from business owner to step into transition that will lead to business growt

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Social Media Advertising For Positive Outcome 

June 26 2016 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 may be consumed with marketing and advertising your business and become useless to your friends or become too social and neglect marketing your business as your time can be consumed by specific person that you may have direct communication with.  In paying special attention to business, the following should be taken into consideration when marketing and promoting it on social media

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Dress For Success Inside Out

March 22 2016 l ndbs  
  
 

I was invited to Australian Embassy by a friend for a business gala dinner, the embassy was to outline business opportunities in Australia and I had to look good that day. I pulled my best suit and the tie that I seldom wear. I drove to the gala dinner and on arrival I felt lost as most of the guests were wearing shirts, no ties, just semi formal. This made me realize that each country has a way in which they define dress code for occasions especially in the business circle. It dawned on me on how Arabs conduct businesses in their attire while mingling with western partners in their black suits and red ties. That event made me reflect on the following when invited or for business meeting:

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"This Was My Great Year" Entrepreneur Should So Say 

Many Entrepreneurs start a year with great resolutions and are excited and looking forward to business growth and great year ahead. In countries like China their years are themed around the national goals but in countries like South Africa the themes are according to religious bodies individuals belong to.

One church may have prosperity as a theme and the other has Taking Over as a theme, such themes do inspire individuals to have aim and purpose during the year. It is unfortunate that not everybody will experience fulfillment of the theme come year end

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


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.

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Think Like An Entrepreneur, Act Like A Trader

  

Being an Entrepreneur is about innovation, ideation, spending time conceptualizing and seeing the end product in your mind. It is when the product is ready that it will require rigorous selling, promotion, marketing and management to get it off the shelf.

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Vision 3030: Think Beyond Your Lifetime

  
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.

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Take Off Saul's Armour And Face Goliath

  
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.
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You Are The First PR Executive For Your Business, Behave As Such When Networking

  
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

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Get All Your Race Horses At The Starting Gates

  
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.

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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

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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.

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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,

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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,

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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

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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.

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