👉 Business Concept and Idea Development

Business Concept and Idea Development

In order to market your product or service, you will want to be very clear about what it is that your business actually does or has to offer. You should be able to quickly and accurately describe your business concept in just a few sentences.

You will probably have to rewrite and refine your starting idea several times as you gather more information about your business idea.

As a businessperson, you want customers who are happy with your product or service. You want them to keep coming back to you with their needs or problems.

What are the ways of going onto business?

There are three ways someone can get into his/her own business:
1. Buy an existing business e.g. TBL bought by INDOR of South Africa
2. Purchase the rights for a franchise e.g. Coca-Cola and PepsiCo companies
3. Plan and start your own venture.

Buying an existing business

Independent business are bought and sold on a regular basis. You may find out about pending sale of a business through real estate agents, an accountant, a lawyer, a banker manager or the current owner of the company.

If you chose this option of getting into your own business, you will need cash to invest. You will also need the guidance of an accountant and lawyer to help you prepare the initial offer to purchase and assist you with the negotiations.

Purchase the rights for a franchise.

The franchise option is very popular and becoming more and more popular every day, even in industries that one would not think of!

While a franchise has a higher than average rate of success when compared with independent businesses, the down side is that most franchises require a substantial initial cash investment together with some type of ongoing royalty fee. Further, there is often not the flexibility to do things “your own way” once you sign the franchise agreement.
Plan and start your own venture
Perhaps the most appealing to the entrepreneur is the opportunity to start your own venture! This option, while allowing the greatest flexibility, requires diligent planning and commitment on behalf of the entrepreneur. As in the previous two options, the entrepreneur should seek professional help and guidance, on as needed basis.

Type of businesses someone could start

There are three types of businesses someone can enter. These are:
1. Retail/Wholesale distribution
2. Manufacturing/Assembly
3. Service

Retail/Wholesale distribution

With any distribution business, whether it is wholesale or retail, you are in business of buying finished products from manufacturers and selling these to purchasers. In the case of retail, you may need a store or shop for customers to come to.
Wholesale distribution might require a showroom for viewing products as well as sending catalogues and flyers to customers with shipments made from a storage warehouse.

Manufacturing/Assembly

This type of business involves the actual creation of a finished product from raw materials or semi-processed materials. Whether it is considered manufacturing or assembly depends on the degree and amount of the raw materials used. For example, if all the materials used are themselves finished components, we would refer to the activity as assembly. On the other hand, if the materials to be used were in a raw or unfinished state the activity would be called manufacturing. Even a small handcraft business such as quilt making, pottery, or knitting may be considered as small manufacturing or assembly businesses. TAMCO Kibaha is a good example of an assembly company.

Service

A service business does not make a product or distribute a product. Its focus is the business owner who usually has some skills or ability that customers are willing to pay for. In exchange for a fee, the individual provides the service.

Examples of service businesses include auto repairs, landscaping, consulting and personal care businesses. Typically, a service business requires a small amount of capital.

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📌 A good Catholic Reflection

A Priest has just requested that this be shared, kindly reflect on it. Thanks!….continuing....

👍continue to read about 👉A good Catholic Reflection

📌 Take me back to the old path

Take me back to the old Paths, when Moms were at home.
Dads were at work.
Brothers went into the army.
And sisters got married BEFORE having children!
Crime did not pay; Hard work did;
And people knew the difference.

Moms could cook; Dads would work;
Children would behave…
Husbands were loving; Wives were supportive; and children were polite.

Women wore the dresses; and Men wore the trousers.
Women looked like ladies;Men looked like gentlemen; and children looked decent.

People loved the truth, and hated a lie;
They came to church to get IN, Not to get OUT!

Hymns sounded Godly; Sermons sounded helpful;
Rejoicing sounded normal; and crying sounded sincere.
Cursing was wicked; Drinking was evil; and divorce was unthinkable.

We read the Bible in public; Prayed in school;
And preached from house to house.
To be called a Christian was worth living for;
To be called a traitor was a shame!

Sex was a personal word. Homosexual was an unheard of word, And abortion was an illegal word.

Preachers preached because they had a message; and
Christians rejoiced because they had the VICTORY!….continuing....

👍continue to read about 👉Take me back to the old path

📌 Planning Concepts

Decentralization is highly linked with local government system and has been practiced in the country in varying degrees since colonial times. Historically, the concept of decentralization has never been a new concept in countries across the globe. The term attracted attention in the 1950s and 1960s when British and French colonial administrations prepared colonies for independence by devolving responsibilities programs to local authorities….continuing....

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📌 Story of Peter and his Girlfriend Mercy

*Peter and his girlfriend Mercy were walking during the night..*….continuing....

👍continue to read about 👉Story of Peter and his Girlfriend Mercy

📌 Ways of get money for your business

The primary sources of funds for small business start-ups are personal funds, friends and relatives, NGOs or private investors, banks, government agencies and programs, and venture capital…..continuing....

👍continue to read about 👉Ways of get money for your business

📌 Best interesting quotes for today which will change you

1. If you are SINGLE and keep on saying "I DON'T TRUST MEN OR WOMEN!" Remember your mates are getting married every Saturday. Let me ask you, are they marrying spirits? Wise up!….continuing....

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📌 When to be silent

I Found this one somewhere and it made me think
I'm still learning…….continuing....

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📌 Life facts which I have discovered

When I woke up I was pondering about life, I discovered that:….continuing....

👍continue to read about 👉Life facts which I have discovered

📌 Interesting story for new year

Ezra and Thomas joined a company together a few months after their graduation from university.

After a few years of work, their Manager promoted Ezra to a position of Senior Sales Manager, but Thomas remained in his entry level Junior Sales Officer position.

Thomas developed a sense of jealousy and disgruntlement, but continued working anyway.

One day Thomas felt that he could not work with Ezra anymore.

He wrote his resignation letter, but before he submitted it to the Manager, he complained that Management did not value hard working staff, but only promoted only the favoured!

The Manager knew that Ezra worked very hard for the years he had spent at the company; even harder than Thomas and therefore he deserved the promotion.

So in order to help Thomas to realize this, the Manager gave Thomas a task.

“Go and find out if anyone is selling water melons in town?”

Thomas returned and said, "yes there is someone!"

The Manager asked, "how much per kg?"

Thomas drove back to town to ask and then returned to inform the Manager; "they are 13.50 per kg!"

The Manager told Thomas,

"I will give Ezra the same task that I gave you. Please pay close attention to his response!"

So the Manager said to Ezra, in the presence of Thomas;

“Go and find out if anyone is selling water melons in town?”

Ezra went to find out and on his return he said:

"Manager, there is only one person selling water melons in the whole town.

The cost is 49.00 each water melon and 32.50 for a half melon.

He sells them at 13.50 per kg when sliced. He has in his stock 93 melons, each one weighing about 7kg.

He has a farm and can supply us with melons for the next 4 months at a rate of 102 melons per day at 27.00 per melon; this includes delivery.

The melons appear fresh and red with good quality, and they taste better than the ones we sold last year.

He has his own slicing machine and is willing to slice for us free of charge.

We need to strike a deal with him before 10am tomorrow and we will be sure of beating last year's profits in melons by 223 000.00.

This will contribute positively to our overall performance as it will add a minimum of 3.78% to our current overall sales target.

I have put this information down in writing and is available on spreadsheet.
Please let me know if you need it as I can send it to you in fifteen minutes."

Thomas was very impressed and realized the difference between himself and Ezra.
He decided not to resign but to learn from Ezra…..continuing....

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📌 Stages in the development of a business career

Scanning for opportunities, idea generation, and innovation/creativity…..continuing....

👍continue to read about 👉Stages in the development of a business career

📌 Something to read before breakfast

**No matter how many times the teeth bite the tongue, they still stay together in one mouth. That's the spirit of FORGIVENESS…..continuing....

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📌 Later of stoping job

LETA OF STOPING JOB.
Dear bhosi
I ryt this leta to refuz job as gardenboy. Enafu is enafu! Yu didi not add money from long ago. U giv mi young money witch can only by 5 pakets of shuga. Very moon yu giv envilope, I open only to c young money inside. One de I weo ap let bcoz I was seek, madam kik me lyk soka. My board was hate lyk I waz bitten 619 race-ling. This is ova, am also a woman beeing…..continuing....

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📌 Where do entrepreneurs come from and how do they develop?

If you choose an entrepreneurial career much will depend on your ability to learn quickly from experience, cope with uncertainty, respond to changing circumstances, and deal with unexpected critical incidents. You will find these things less difficult if you develop your general enterprising tendencies…..continuing....

👍continue to read about 👉Where do entrepreneurs come from and how do they develop?

📌 Entrepreneurial Characteristics

It is clear that the definitions of the 'entrepreneur' are not similar. However, there are certain qualities and/or functions which explicitly or implicitly, feature in most of them. Each definition contains similar notions, such as newness/value, organizing, creating wealth, and risk taking, despite viewing the entrepreneur from a slightly different perspective. Failing to agree on a single definition, entrepreneurship specialists have resorted to drawing up lists of qualities and/or functions which typify the entrepreneur. Invariably, these lists include a combination of characteristics: People with entrepreneurial qualities and skills tend to enjoy the challenges, the hard work and the success of self-employment…..continuing....

👍continue to read about 👉Entrepreneurial Characteristics

📌 The Blessings of disappointment

I was pondering about life, I discovered that: Sometimes, to succeed in life you need ENEMIES…. Yes!!!….continuing....

👍continue to read about 👉The Blessings of disappointment

📌 How do you forget?

How do you forget ?
The same qualifications you have, diploma, degree, masters, PhD that which gave you that job you have , are the same qualifications that your friends have too , but they don't have the job you have. How do you forget ?
The same pastor who officiated your marriage and blessed it, today you have even children is the same pastor who officiated and blessed even your friend's marriages but they don't have children and eventually divorced . How do you forget ?
The same prayer you offered to God and God answered you is the same prayer that your friends have been praying, but up to now they haven't recieved any answer and still praying , How do you forget ?
The same road you use to travel to places and safely you reach home, is the same road that many people have died on, How do you forget ?
The same church you go to worship God to and God has blessed you, is the same church that your friend goes to worship God too, but up to now his life is still miserable, How do you forget ?
The same bed you used in the hospital and you got healed is the same bed that your friends used too but they died in there ,* **How do you forget ?
The same voice you have and you can sing songs, you can preach, you can *talk* and so on, is the *same voice* that your friends also had but eventually *stopped singing , preaching* because they had cancer of throat, *How do you forget ?*
The *same rain* that made your *field to produce good crops* and you had bumper harvest is the *same rain* that *destroyed* your friend's fields, How do you forget ? At this end of the year Come back to your God and thank Him for his kindness.
Whatever you have , is not by your power, nor your intelligence, nor your qualifications but the Grace of God
Have a wonderful new year 2017,
Be blessed In Jesus Name !….continuing....

👍continue to read about 👉How do you forget?

📌 A letter from an aborted child

A LETTER FROM AN ABORTED CHILD
Dear Mum,
I have decided to talk to you to let you know my
feelings. I want to know why you did it. My story
is short. I stayed inside you for only a couple of
weeks. I was very comfortable and warm. I felt
really protected. I knew you were a special
person because you never stopped me from
eating the food you ate. I longed for the day I
would see your face. Nine months was a long
time to wait, but I was determined to wait. I had
to be patient.
A man then offered you some amount of money to
get rid of me. I was happy and prayed that this
meant that I would at least see you, the only
person that I knew in the world. I was wrong. I had
almost forgotten the issues until I felt something
sharp pierce my tiny ear. I jerked silently and in
pain, and asked you to protect me. Seconds later
the object came,fiercer than before. My tiny body
was cut up, starting from the ears then arms and
legs. It was an agonizing experience. My head was
then cut off and I died.
It took me a whole hour to die. A whole hour for
an innocent few weeks human being to be
murdered by you! I remember the whole incident
vividly and I keep asking myself what I did to
deserve that cruel death. Why me? Why did you
do that to me? And why was I not given a
chance to live just like they children you hear
playing around? How do you feel when you send
some of them on errands when I could have done
that with pride if you had given me the chance to
live? Don't you see the beauty in playing with a
child that calls you mom with a sweet soft voice?
I know you are having a lot of nightmares. You
remain guilty for the beastly act. Please explain
to God why you committed the heinous act. He
sent me to you as a very special gift. My purpose
was to make you proud by being the great
person God meant me to be. I have forgiven you
though I never lived to see your face. My journey
back to my creator was safe, and I arrived
safely. I was given a red-carpet welcome by an
angel. I am in fact without bitterness. I still love
you, mum.
Yours Never-seen child.
If you are touched, join the "STOP ABORTION"
campaign by sharing this post with your friends.
…. STOP ABORTION !!!…..continuing....

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📰 Recent Posts👇

A I love this interpretation of Prayer

What is a prayer?
Prayer doesn't just happen when we kneel or put our hands together and focus and expect things from God.
Thinking positive and wishing good for others is a prayer.
When you hug a friend.
That's a prayer.
When you cook something to nourish family and friends.
That's a prayer.
When we send off our near and dear ones and say, 'drive safely' or 'be safe'…..continuing....

👍continue to read about 👉I love this interpretation of Prayer

A 2017 Tips for good health

If all you do in 2017 is make the right choice or the best choice possible I guarantee you will succeed!

Choose the salad over the double cheese burger!

Choose going to the gym over sitting down and relaxing and watching mindless TV!

Choose Working on your business idea instead of hanging out with mates and drinking too much on the weekends.

Choose saving your money instead of spending it on useless things you don't even really want!

Invest your time on your own personal development & growth instead of wasting your time on entertainment!

Choose to spend your time in inspiring environments rather than places or with people who don't move you closer to your dreams!

Choose to speak well and dress well rather than trying to be cool and hip!

Choose to make those 10 extra sales calls after 5pm rather than just leaving as soon at it hits 5pm!

Choose to get to bed a little earlier so you can wake up and start your day before 5am!

It all starts with YOU being aware of your own self and your objectives & goals!

Being conscience of your own self and your every decision and choice is the key to success in life and if 2017 is going to be your year, YOU are going to have to be totally aware of your thoughts, feelings and actions…100% of the time!

It is no longer acceptable to get through the day mindlessly and expect things to change….they won't change if you keep running the same patterns that got you into this mess in the first place!

You need to be aware 100% of the time of your thought, feelings, actions and your goals and outcomes so you can start making choices that move you towards your greatest victory in 2017 and beyond!….continuing....

👍continue to read about 👉2017 Tips for good health

A STORY would you stop to listen?

Here is a lady disembarking from a matatu, she drops something unaware and a shabbily and dirty dressed boy picks it up…..continuing....

👍continue to read about 👉STORY would you stop to listen?

A Understanding Entrepreneurs and Entrepreneurship

There is no clear consensus among entrepreneurship specialists on the definition of the word ‘entrepreneur’ or that of its derivative, 'entrepreneurship'. While some people would treat small business owner managers and entrepreneurs as synonymous, the bulk of the entrepreneurship specialists attempt to draw a distinction between them. This distinction is central to an understanding of the meaning of 'entrepreneur'. We proceed to look at the definitions of these terms with a view to delineating the differences among them…..continuing....

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A What is a Business Plan?

A business plan is a blueprint of your business. It is a detailed plan from which all other plans should be developed…..continuing....

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A How to make people think in your way

Show respect for the others persons opinions. Never tell a man he is wrong. The only way to get the best of an argument is to avoid it. If you are wrong admit it quickly and emphatically. Begin in a friendly way. Get the other person saying Yes, yes immediately. Let the other person do a great deal of the talking. Let the other person feel that the idea is his. Try honestly to see things from the other person’s point of view. Be sympathetic with the other person’s ideas and desires. Appeal to nobler motives. Dramatize your ideas. Throw down a challenge….continuing....

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A Feel this joke

Two boys stole a big bag of oranges from a neighbor & decided to go to a quiet place to share the lot equally…..continuing....

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A A scraper wife

Wife: Am nearly 45 yrs old and one of your friends still finds me attractive !….continuing....

👍continue to read about 👉A scraper wife

A Forms of Business Structure

There are several legal forms to choose from when selecting the best means of structuring your business. Carefully considering the various options before start may save time and money later. There are several forms of business structures including:….continuing....

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A How to be charismatic

Relax Your Way To The Top If you are looking to be charismatic, then the first and foremost thing that you have to do is to actually learn to relax. Some people try too hard to be charismatic, but only end up making a fool of themselves. This is not something that you would want to do. So, in order to work on your charisma, learn from the mistakes of others and relax. When you master the art of relaxing in a social setting, you automatically exude charisma. It's a known fact that people love to be around people who are calm and composed. Learn to channelize peace and tranquility to everyone you know and meet. This will help you seem extremely calm and a lot more attractive. With a personality of this sort, apart from wanting to be with you, people may even aspire to be like you. Confidence Concerns While being confident can be easily mistaken for being charismatic, there is a very distinct difference between being confident and being charismatic. Charisma is that quality that makes you seem like you have an extremely attractive personality, and confidence is that quality that adds to your charisma. Appearing confident can make you seem extremely charismatic, because your confidence apart from acting like a magnet will also help put the others around you at ease and create in them a desire to be around you. Here, however, you will have to take a lot of care to stay away from going overboard, because while confidence is one thing, overconfidence is a different thing altogether and it's that one quality that no one can really be fond of. Dish Out Attention In order to seem charismatic, it is important to listen and pay attention. When you manage to do this your charisma quotient automatically reaches new heights. You can pull off attention tactics by simply listening to what people have to tell you and talk as less as possible. However, when you actually do talk, make sure you talk sense and make sure the words that are coming out of your mouth are the kind of words that the other person would want to listen to. Make it a point to smile while you are talking. This will help add quite a lot of appeal to your personality. Be Considerate You are truly a considerate person when you treat others around you just the way you would want to be treated. You wouldn't want to be discriminated against under any grounds, so then there is no reason why you should treat one person differently from the other. Exercise this behavior pattern in your day-to-day life and watch how people are attracted to you like bees are to honey…..continuing....

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A Best Funny quote of the day

👇Quote Of The Day ….
The last drop of urine doesn't obey the law of gravity unless u shake it well !!😎

- Isaac Newton's room mate…..continuing....

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A See how this man reacts!

A man went for HIV test on Saturday and they told him tocome back on Monday to pic his results.On sunday he went to church and the pastor was praying and said "… may the things that you'll receive as from tomorrow be positive …"The man quickly opened his eyes and shouted "Acha ujinga weweeee!!"….continuing....

👍continue to read about 👉See how this man reacts!

A Bible books connection story

"I went to😁Genesis hotels through😊Exodus road. On the way, I saw 😀Leviticus recording the😃Numbers of people at😃Deuteronomy, while😃Joshua was waiting at the Beautiful gate for😁Judges to see😄Ruth calling loudly☺"Samuel, Samuel". At a stage, the first and second😃Kings of😊Chronicles were coming to visit☺Ezra,😄Nehemiah and😁Esther for the misfortune of 😯Job their brother. They started singing😒Psalms and teaching children😄Proverbs concerning😄Ecclesiates and😄Songs of Solomon. This coincided with the period that😁Isaiah was engaged in😊Jeremiah's😂Lamentations together with😄Ezekiel and😃Daniel their friend. By that time😊Amos and😄Obadiah were not around. Three days later,😁Hosea,😃Joel and😐 Jonah traveled in the same ship with😄Micah and😊Nahum to Jerusalem.😄Habakkuk then visited😃Zephaniah who introduced him to😃Haggai a friend of😃Zechariah whose cousin is😊Malachi. Immediately after the tradition,😊Mathew,😁Mark,😃Luke and😄John got involved in 😁Acts of the 😄Romans who were behaving like the 😁1st Corinthians group because the 2nd Corithians group were always at loggerheads with the 😀Galatians n 😐Ephesians.At that time too, they realized that the ☺Philippians were close to the 😃Colossians, suggested the first 😃Thessalonians visit and that on their second 😃Thessalonians visit they should first of all see the first and second of 😊Timothy brothers who had gone to the house of😃 Titus to teach ☺Philemon his younger brother how to read and write in 😄Hebrew. On hearing this, 😊James asked 😃Peter twice to explain to him how the three 😄Johns have disclosed to Jude the 😁Revelations of this journey.💐"….continuing....

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A Dress proper ladies

Two young ladies arrived in a Meeting wearing clothes that were quite revealing their body parts. Here is what the Chairman told them: He took a good look at them and made them sit. Then he said something that, they might never forget in their life. He looked at them straight in the eyes and said; "ladies, everything that God mande valuable in this world is well covered and hardly to see, find or get…..continuing....

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A Best proposal ever

Boy: do you have a fiancee?
Girl: No. I have none…
Boy: Genesis 2:18 “The Lord God said, ‘It is not
good for the man to be alone. I will make a helper
suitable for him’.”
Girl: But I don’t love you.
Boy: 1 John 4:8 "Whoever does not love, does not
know God, because God is love.”
Girl: So how do I discern that your words are true?
Boy: Matthew 12:34b “For the mouth speaks what
the heart is full of."
Girl: But how can I be sure that you are faithful
and honest?….continuing....

👍continue to read about 👉Best proposal ever

A Business Debt financing

This is money loaned to the business from outside source that is paid back over time…..continuing....

👍continue to read about 👉Business Debt financing

A What is agribusiness

(i) supplying of inputs needed for farming and
(ii) Marketing of the products grown from farm…..continuing....

👍continue to read about 👉What is agribusiness

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