Why are you in business?

I am sure you want to be or you are already in business for purposes of making a return or profit  on the value of resources you have invested into the business.  The person who enables you to make a profit is a customer.  Your role therefore is to attract, serve and retain happy customers. […]

Does a business plan matter in the success of the business? (First Part)

you can have anything you want if you are willing to give up the belief that you can't have it

Yes a business plan makes a difference of whether one will succeed or fail in business. Success in business will very much depend on the effort or time you spend on planning how to successful venture into business. A lot goes behind the scene before a business is launched on the market. The highlights of […]

Decline in revenue performance is a responsibility of management .

Decline in organisation’s performance takes place when    both gross revenue and net results after tax shows a significant downward trend on year to year. A decline in performance is a red flag or an indicator to management that all is not okay with an organisation.  The decline in performance puts management under pressure to take […]

Does a business plan matter in the success of the business? (Second Part)

A business plan is a road map which guides a promoter of   a business idea in moving   from the current state of the business to the desired future state. The determination or desire   to move to a future is a result of the   future state offering better returns than the current state. Who owns the […]

Business rejuvenation  is a remedy for declining organisations

Business rejuvenation is a remedy for declining organisations

Business rejuvenation is the process of enhancing the top and bottom line performance of an organization through the application of new ideas and methods. This results in effective and efficient application of organization’s resources. An organization as it grows old becomes weak and sick and will stop making profits and eventually die if prompt action to […]

Overcoming challenges of starting a business with little capital

Starting a small business with a capital of about US$ 100 is not as easier as it sounds especially among the elite members of the society. Many people would wish to venture into a business in a big way so that they can achieve success in the shortest time possible. They however forget that success […]

Business education in school

The business sector/private sector is the most important sector in our life and it cuts across all sectors. Despite its importance, business education is not emphasized in the education systems of most African countries. Many parents keep their   children away from business and money making until the children have completed school for fear of being […]

7 guidelines on how to profitably handle incoming calls

The key role of management and staff of any organisation is to build profitable and lasting link or bridge or relationship with the current and potential customers and the public in order to enhance the revenue earning capacity of an organisation.  People call your organisation for various purposes including inquiring about   employment opportunities, making inquiries […]

Choosing a business venture that will enable you achieve your mission

Choosing a viable business venture is not as easy as many people tend to think. It is extremely difficult as there are many ambiguous issues which have to be considered before venturing into business.  It is not a question of implementing any business opportunity which comes to your mind or has been brought to your […]

5  things to consider when your business  shows signs of sickness

Businesses overtime become weak and sick and may eventually die if continuously action is not taken in identifying the cause of the sickness with the aim of administering remedial action. The symptoms of sickness are many and may include declining market share and profitability, negative publicity and low staff morale among others. In the process […]