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TIPS for any Business starter

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Prime Dynamics, Apr 24, 2011.

  1. P

    Prime Dynamics JF-Expert Member

    #1
    Apr 24, 2011
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    To successfully start and manage a business you must have what it takes in a few essential aspects. As a person you must be determined and hardworking.

    I came to learn that a good number people who start business do not see their first birthday and very few survive to see their fifth birthdays. It is hard to find a founded wazalendo business that is more than 40 years old. Many people start businesses and close them when they are worse than how they started. But in my experience a lot of us need to be reminded that we assume we already know.

    To successfully start and manage a business, as a person you must be determined and hardworking. Hard work is important because when you start a business, you are the manager, the marketer, the operator and basically everything. Ideally, the business does not have a lot of money to employ a big team. So you find yourself having to work between 12 to 16 hours a day.

    When a business is new, it is not known to the customers, so there are fewer sales. Yet there are fixed expenses such as rent, transport, licenses, marketing, and feeding which have to be met. These expenses will drown your business, especially if your startup capital is small. So you must work hard, really hard, to ensure that your business does not collapse.

    Do not let yourself be governed by chance, successful entrepreneurs are governed by skills. Skill means having the ability to perform. For instance if your business is a restaurant, can you cook food? If you can't cook, do you have the ability to manage those who can do the necessary? Lack of ability to do it yourself and ability to manage others, to market and plan for your business has been cited as the greatest killer of infant businesses katika jamii yetu.

    One may ask where they can get these skills. As the old saying goes, experience is the best teacher. You may have pursued a course in business management but this is not enough, especially hapa kwetu, the reality is often a bit different from classroom theory. This is why
    I think our universities are not responding to the market needs, leaving peoples careers damaged. A tendency to concentrate on theory more than the practical aspects, this limits creativity.

    Companies need sales persons yet have never heard of any college or university that offers sales as a course. People required to fill such positions are recruited and trained on the job. Therefore before you go into a particular business, you may have to find a similar organization and volunteer to work (without pay if necessary), so that you earn the knowledge and experience about the business. Others may go for practical training. If you can't do both of the above then you can join up with someone who has these skills. In this case, the business will be a partnership but still this will depend upon your agreement. Important about skill is the ability to act quickly and wisely. This is important because a business like any economic opportunity has a life span, if you don't exploit it quickly then the expiring date will catch you up.

    Halafu pia a good number of the people who start businesses are employed elsewhere, and perhaps this is the reason most businesses fail. You must sacrifice the comfort associated with job security to succeed with your own enterprise. Starting a business means spending more time with business problems. Ideally, a new business is like a newborn baby.

    In other words, you must be there for it or else it dies. Both you and your spouse (if you have one) must be emotionally invested into your new business. Anything less than that is likely to end in failure. Guys If you fail to plan then you are planning to fail.


    I wish you a Happy Easter!
     
  2. Husninyo

    Husninyo JF-Expert Member

    #2
    Apr 24, 2011
    Joined: Oct 24, 2010
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    Nakukubali sana dynamics!
    Ujumbe mzuri.
     
  3. L

    LAT JF-Expert Member

    #3
    Apr 24, 2011
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    indeed very useful notes on doing business

    mkuu ..... thanks for sharing with us this piece of cake
     
  4. MIUNDOMBINU

    MIUNDOMBINU JF-Expert Member

    #4
    Apr 25, 2011
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    Good ideas.Thanks Man.
     
  5. Kiresua

    Kiresua JF-Expert Member

    #5
    Apr 25, 2011
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    What an increadible notes! Thank you very much
     
  6. KWI KWI

    KWI KWI JF-Expert Member

    #6
    Apr 25, 2011
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    Asante saana mkuu...Kuongezea kidogo hapo..any business endeavor must have a Vision.How do the business look like the next fixed time.say 5years to come...hiyo itakuwa good driving force.
     
  7. tzjamani

    tzjamani JF-Expert Member

    #7
    Apr 25, 2011
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    Thanx for the tips.
    Wakati naanza biz kidogo uchumba uvunjike kwa sababu it was very difficult to balance.
     
  8. M

    Mary Chuwa Senior Member

    #8
    Apr 25, 2011
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    Aksante sana kwa elimu hii Dynamics.
    Itanisaidia kuwasaidia wengine pia
     
  9. Dio

    Dio JF-Expert Member

    #9
    Apr 25, 2011
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    true that brother.
     
  10. Washawasha

    Washawasha JF-Expert Member

    #10
    Apr 25, 2011
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    Thanks for the piece of lovely business advice
     
  11. The Mockingjay

    The Mockingjay JF-Expert Member

    #11
    Apr 25, 2011
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    Your company must run even when you are not there. You need a system. Failing to place a good succession plan will make you become the HR, the MD, the customer service representative, the receptionist, the cleaner, etc. This will cost you time to grow your business.
     
  12. 3D.

    3D. JF-Expert Member

    #12
    Apr 25, 2011
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    Great, great information. Is this enough to say?
     
  13. Da Womanizer

    Da Womanizer JF-Expert Member

    #13
    Apr 27, 2011
    Joined: May 24, 2010
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    Code:
    Halafu pia a good number of the people who start  businesses are employed elsewhere, and perhaps this is the reason most  businesses fail. You must sacrifice the comfort associated with job  security to succeed with your own enterprise. Starting a business means  spending more time with business problems. Ideally, a new business is  like a newborn baby. 
     
    Hapa ndio panapotugharimu wengi wetu. Kuna haja ya kuwa na maamuzi thabiti wakati tunapofikiria kuanzisha biashara kama kweli tunahitaji kuja kuwa listed kwenye forbes.
     
  14. tzjamani

    tzjamani JF-Expert Member

    #14
    Apr 27, 2011
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    YES, as I said it Is not easy in the beginning. If u don't have funds to employ
     
  15. Who Cares?

    Who Cares? JF-Expert Member

    #15
    Apr 27, 2011
    Joined: Jul 11, 2008
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    FORBES....mbona hawamtambui babu yangu umasaini anamiliki ngombe bilion3 kila mmoja anathamani ya tshs laki 3..do the maths and tell me forbes kama sio wabaguzi??,..... back to the subject...MADA IMESIMAMA NA YOTE ULIYOTUANDIKIA NI KWELI TUPU..ILA.. HIVI SISI WA-TANZANIA NI WAFANYABIASHARA AU WAJASIRIAMALI??... HAPA NDIO UTATA HUJA...TUNAENDA CHINA KULANGUA FENICHA WAKATI ZIPO KEKO...HUWA SIELEWI KABISA NINI KINAFANYIKA HAPO.. NI MAONI TUU
     
  16. Washawasha

    Washawasha JF-Expert Member

    #16
    Apr 28, 2011
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    Babu yako hawamuwezi,ana ng'ombe 3b,kweli forbes wabaguzi
     
  17. R

    Realtor Senior Member

    #17
    Apr 28, 2011
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    Thanks for the great peace of advice. As I have quote on red, the challenge that most of people we have is a decision making on which way we want to to go. It is true that we cant serve two masters at the same time i.e employment and business, but unfortunateky the decision of quiting a comfort job to the risk and challenging business involves family advice and support! But how many spouse will agree and support their partner to take that risk? or do we as entrepreneurs do our own decisions without involving our partners and familiy if they are the one being and obstacle in our decisions? As for me, I really find this great challenge to go full time in business....
     
  18. K

    Kimbo Member

    #18
    Apr 28, 2011
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    good mathematics
     
  19. markach

    markach Senior Member

    #19
    Apr 28, 2011
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    Good note
     
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