#MondayMarket


25
Sep 2017
Be Encouraged

Mr. Jude, as he’s fondly called operates two different businesses. One is in oil and gas and the other in the financial sector. These are businesses he had operated for well over 5 years and did fantastic numbers in the past. He’s been having issues with both businesses for some time now. Initially these issues looked like they would go away in a few months but its been several months now and they haven’t. It started with financing, but now it has deteriorated to so many more that he’s been grappling with recruitment issues, cost of doing business, indebtedness......

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Smallness Mentality

Smallness Mentality

Entrepreneurship is a risky process of conceiving, developing, organizing & managing a business idea in the hope of making a profit. Building or growing a business is the creative adventure into the unknown. It’s a process of value creation & bringing into existence what used to be an idea in one’s mind. The human mind is very fertile & can literally bring into existence whatever good or evil it conceives. Even the Father of creation acknowledged at some point in the scriptures that nothing can stop the process of creation of whatever humans imagine. Because God is entrepreneurial, human...


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Clarify Your Vision

Clarify Your Vision

All great and successful #entrepreneurs have compelling visions for the businesses they built. Apart from that, they know how to effectively communicate that vision to individuals who work with them. Vision is the mental picture of a preferred future for an idea you created or the business you run. The vision will lead to the creation of a document that becomes the road map to that preferred future. It describes the intangible future in the present. It’s not the same as the mission because the mission defines your business. The greatest challenge entrepreneurs face is the ability to describe...


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Keep Your Ears To The Ground

Keep Your Ears To The Ground

There is really no such thing as a bad organization, but there’s bad management and leadership. An organization is as good as the quality of its leadership and management team. A deaf management team will refuse to listen to sounds of changing times. It’s not even aware of its environment. A bad management will not listen to the complaints of staff and/or customers. Sometimes, their greed, pride and ego blind them to the realities on ground. In the same vein, an ignorant management team will likely take decisions in a vacuum. Useful information is shared in organizations, both vertically...


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Identifying Problems And Solutions

Identifying Problems And Solutions

Everything, including inanimate objects, have the ability to identify a problem. Vehicles break down or begin to act up when they identify a problem. Children cry or become restless when they encounter a problem. Plants shrivel, bleed, change color or die when they identify a problem. Even your tech tools and gadgets react when they sense a problem. As beings with cognitive abilities, we all go out to be served by others. We are a universal network of service chains, all dependent on each other, think about it. A man who goes to the hospital to be served is...


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How About Your Business Process?

How About Your Business Process?

Businesses don’t just go down overnight. It’s a series of small, yet consistent activities that happen over time. Lots of missing parts and inconclusive events occur in the business’s value chain. The converse is also very true that businesses don’t just succeed overnight. Business success is a function of several great and consistent activities that meet desired goals. Every business has a process. A simple method of delivering value, whether you’re consciously aware of it or not. As an entrepreneur, have you been able to breakdown your business into a series of linked tasks? Tasks and activities that, once...


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Financial literacy

Financial Literacy

Financial literary is a vital necessity for business people, especially young entrepreneurs.. Small and medium scaled enterprises need to be familiar with the figures and understand its application for business decisions. Understanding and working with figures effectively will determine if a business has a future or not. Financial literacy helps identify how best to allocate your limited resources for maximum return. It gives an entrepreneur enormous advantage and affects every decision made in the marketplace. The entrepreneur must know the difference between the terms: “assets” and “liabilities” and their values. A vital part of every business is the “cash-flow”...


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From Employee To Employer

From Employee To Employer

Many businesses today are simply “children of circumstances”; they were not created by due process nor were they created for the right reasons. Some start businesses because they lost a job and needed to fix that as quickly as possible. Someone else has been without a job for years and the next reasonable thing to do is to start something to earn income. Some other person hears there is money in a particular venture and jumps into it just to cash in on it. Yet for some others, you just have to find something to do to kill boredom...


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Business Discipline

Business Discipline

The character of a business is a pure reflection of the character of the owner. When an entrepreneur is sloppy, the business will be, and when the owner is smart, intelligent and fast, the business too will reflect that. When an entrepreneur lacks character, the business will lack character and will soon have no value. One major challenge noticed with most small businesses around is the “lack of discipline”. Many businesses simply lack discipline. The lack of discipline is a direct result of our “no sense” of value for people and time. There is a story of a promising...


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Culture Of Continuous Improvement

Culture Of Continuous Improvement

Your business remains probably the best in your chosen sector until a competition shows up around the corner. A potentially successful entrepreneur must therefore commit to a journey of continuous improvement. You may have started the business alone and was everything to the business until you started recruiting people. There are different mindsets that people bring to the workplace that an entrepreneur needs to be sensitive to. Somewhere in your interactions with staff members, the diverse mindsets become obvious. Part of leadership is to harmonize different mindsets into one which drives & serves the vision of the organization. These...


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