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SWOT Analysis Of The Fourth Industrial Revolution   

February 25 2018 l ndbs  
  

What used to take 100 people to do at a work place can be achieved by one person operating a machine or a computer, that is what The Fourth Industrial revolution is all about. At the rate that technology is advancing drivers will not be hired to drive CEOs around as executives will just get in a car and it takes them to their next meeting while preparing their presentation in the back seat. Digital automation is creating era of human rest while machines do the job, however, governments will not have capacity to pay humans social grants to compensate loss of income. It is those individuals who will best position themselves to be in line with technological advancement who will fit into the revolution. 

The First Industrial Revolution used water and steam power for production, The Second Industrial Revolution used electric power for production and The Third Industrial Revolution uses electronics and information technology to automate production But Fourth Industrial Revolution is continuing on The Third Revolution which is characterized by a fusion of technologies which cut across and making products speak the tech language while people become operators through digitised systems and processes with impact on digital and biological world, in doing that only one person can run the entire plant just for product coordination.

As an entrepreneur, when the product that is already coded hits your shelves you will be expected to have tech systems in place that will accommodate the product, your employees no longer count stock but the shelve itself is automated to tell the system how many items are left. These tech advancement leads to redefining the SWOT analysis whereby threats are not from the competitors but internal processes and systems which if not integrated properly can lead to collapse of operation.

The Fourth Industrial Revolution prompts new approach on how entrepreneurs can position their companies better while reflecting on traditional SWOT Analysis (Strengths, Weaknesses, Opportunities and Threats) and integrate SWOT analysis of The Fouth Industrial Revolution which are STRATEGY, WORK, OUTCOME and TRENDS.

STRATEGY

It will take strategic approach to align the company with fourth industrial revolution. Proper planning and positioning of the company for the opportunities is what will make company stands out and be a better player in the industry it operates in, and such planning will include digitisation and embracing technology to compete better.

WORK

Time management and keeping appointments will set up any entrepreneur for great achievements in the market place. Knowing how to use technology is no longer optional as meeting can be held across the continents using technology. Technology gadgets are about efficiency than luxury. There will always be a need to work up and do something, be it to switch on the machine or to monitor the graphs as the machine operates. Keeping up with the pace will set your company apart. No matter how technology can advance, human touch will always play big role in the automation and that human being can be you as an entrepreneur without hiring many employees.

OUTCOME

It is no longer a matter of measuring your success based on the behaviour and activities of your competitors but setting own targets and goals for the expected outcome. We have entered in an era where one can run a company from the laptop while at home and still get results at the end of the day. Only companies that are have outcome based approach will see the results and measure their success. Companies that will interrogate their failure to achieve the results will be able to map a way forward in achieving what they aim for.

TRENDS

The focus has shifted from seeing competitors as threats but the needs of clients as threats because the change is so rapid that if entrepreneur is not following the trends will not be able to deliver what clients want or will deliver products with expiry dates as may no longer be needed. Clients dictate the kind of product they want, when they want it and how they want it. Entrepreneurs must follow the trends and make adjustments to stay in competition.

The Fourth Industrial Revolution is here and only those companies that will position themselves better will not be swallowed but will evolve and meet the needs of the clients and grow their business empires.

 

Derrick Ndzavi, a Certified Business Advisor   (IBASA Member) , Certified Facilitator and Assessor

 
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Personal Branding Matters! 

February 01 2018 l ndbs  
  
 

Delivered at GEP Pitching Booster Boot Camp for Entrepreneurs

1 103 600 000, that is how many seconds you will have lived at the age of 35, technically you are Seconds billionaire. One way or the other you will have exchanged S1 Billion for monetary value and how much you got in return depends on the value you placed on yourself or what others determined for you, taking into consideration the currency of your country. Reflecting on this makes one realise the importance of time and the importance of understanding oneself. How you behave and run your life determines the worth of the brand YOU.

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Make New Year Resolutions A Lifestyle Than Culture 

January  02 2018 l ndbs  
  
 

Each year marks the beginning of new things to some and to others it marks the continuation of what was started a year ago.  It is time where everyone wants to be seen doing something, there are those looking for a new job, others new business opportunities and others for life partner.  And in all the endeavors many do not have it outlined and written with set target no wonder come March they have not moved an inch.

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Staying Positive Under Negative Economic Circumstances 

November  20 2017 l ndbs  
  
 

Petrol price is going up and up and up, GDP figures are declining, Inflation is rising,  Most companies are closing down due to financial constraints, operating costs are swallowing the profit every month.  These factors have a potential of rising the blood pressure especially if you are a business owner caught in this economic turmoil.  Resilience and determination is needed coupled with positive attitude in order to sail through the turmoil.

Admit that you are facing challenges

Many entrepreneurs do not want to accept that they are faced with difficulties in their businesses because they don’t want people to laugh at them or see them struggling, instead of admitting that they are faced with challenges they want to act and spend as if everything is normal.  Once you admit the situation you are able take corrective measure.

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Help, I Am StartUpreneur  

November  15 2017 l ndbs  
   
 

Starting a business can be hectic and requires much of your time and effort as the founder.  If your foundation is not laid well the whole business can crumble after taking shape.  Nothing about business should be overlooked as that may catch up with you later.  No one started a business knowing everything but made time to research and dig deeper in knowing what to start, when to start and where to start.  The following steps can assist in setting up a company that will grow in to a big conglomerate:


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CAPA: Taking Corrective And Preventive Action In Advancing Entrepreneurship 

September  07 2017 l ndbs  
   
 

Delivered at University of Pretoria ABASA TUKS Youth Entrepreneurship Day

Thank you for inviting me, Last year I got invitation to the college and in my heart was “University Platform watch out am coming” and here I am today. And I do book myself in advance for future events.

Being invited to speak at University platform, and to inquisitive and intelligent minds can be a challenge, you try to be sophisticated in preparing so that you can be seen to be intelligent too but sometimes we need to go back to the basics

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Take The Mask Off And Create Wealth On Social Media 

June 21  2017 l ndbs  
   
 

Many people are on social media space yet fail to use it optimally leading to them failing dismally in growing their businesses.  Some believe that to have a voice on social media space they must be celebrities or people of influence.  Reality is that one can be a celebrity but without content one can still not have strong presence on social media that can yield profit.  Content is what one can create or source, which is relevant to the business one owns.  Whatever one says or do should lead towards social awareness, business gains or advocacy.

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Curious Case Of An Entrepreneur 

April 24  2017 l ndbs  
   
 

Dear Entrepreneur... You are on your own

 

When you share your business idea with family and friends no one seems to understand what you are trying to say. 

When you share with those you think have been in business before you they tell you it is impossible. 

When you make it, everyone wants to be close to you in case they will need help in the next 24 hours.  When business blossom and grow they call you savvy.  When it starts to crumble they start to dig out your weaknesses trying to find a reason why the business failed. 

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Know Your Worth And Live The Brand  

February 20 2017 l ndbs  
   
 

You must learn to walk away not because you want others to realize your worth, but because you finally realize your own worth”. - Hunadi Yoliswa Makobela


If you do not know your worth in life you will work for what others determine for you than what you deserve.  If your qualification has a benchmark of how much you should earn that is what you will be paid for but if you understand how much you are worth you will go extra mile by registering for other qualification to increase your value to what you think you are worth or start a business to take you where you belong.   You can know  your worth and live the Brand that you are when you do the following:

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Digital Migration Is NOW, Are Your Ready?  


Having a black and white Television was once a prestige and status until  the not so colour TV.  The not so colour TV had its life span until was replaced by the clear picture, the question is what next?  To someone whose mind is still holding on to the not so colour TV there may not be answer to the NEXT part, but to someone whose mind has been migrating with the changes there is that visualization of the possibility of improvement to what is today called clear HD and 4D picture.  With all this transitions and changes taking place the question is: How ready are entrepreneurs for digital migration. 

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Transcend Your Business Idea From Creative Mode To Innovative Mode Seamlessly

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.  

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


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:

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Social Media Advertising For Positive Outcome 


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

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Dress For Success Inside Out

  
 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.

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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.

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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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