πŸ‘‰ Business Concept and Idea Developmentβœ…

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 β€œyour 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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πŸ“Œ Beautiful story

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πŸ“Œ Pls dont laugh alone send to ur gud naughty friends....

A man 4gets to zip up his trousers , so a lady tells him politely, sir ur garage is open. The man gave her a naughty smile as he zips up and asks, Did u see my BLACK RANGE ROVER SPORT parked inside? . The lady smiles back and says no just one small Toyota vitz with two Flat tyresβ€š --Pls dont laugh alone send to ur gud naughty friends……..continuing....

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πŸ“Œ Thanking God

πŸ‘πŸ‘THANKING GOD πŸ“–….continuing....

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πŸ“Œ How to achieve goals

Set Goals First list down all the goals that you want to accomplish. If you are not sure what you want in life, you are just bound to receive the unexpected. Nevertheless, bear in mind that goals should always be sensible and should be accomplishable. Setting unrealistic goals are of no use. Write the most important goals at the top of the list and number them accordingly. This will help you to focus more precisely. You can strike off each goal once it is accomplished. Writing down your goals will also help you to realize your priorities. Develop Strategies To Achieve Goals Once you have listed your goals, you need to evaluate and develop strategies to complete your goals. For example, if your goal is to shed some extra pounds, your broad strategy should be dieting and exercises. Nothing can be achieved straightforwardly in life. So, you need a particular strategy and dedication to pull off your goals. Have Definite Action Plans Once your broad line of attack is determined, work on your definite action plans. For instance, if dieting and exercising are your broad strategies to your weight loss goal, then your action plan should consist of a healthy diet chart; a healthy way of life, and an appropriate workout routine. Believe In Yourself If you want to accomplish your goals and become successful in life, you have to believe in yourself. All successful men and women today are doing well because they believed in themselves and were confident about their capabilities. If you believe in yourself, then you can accomplish the goals you have set for yourself. Review Your Progress Make sure you are making progress. Review your progress every week to analyze how far you have reached in accomplishing your goals. If you find you are lagging behind, hire a coach, look for help from family and friends, and above all, try to recognize why your goal is not being met. Find a solution to accomplish your goal. Be Self Motivated Self motivation is a must to achieve goals and success in life. Motivational books and CDs are great ways to keep you motivated and will help you to stay focused towards your goals. The more self motivated you are, the easier it is to work towards your objectives…..continuing....

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πŸ“Œ 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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πŸ“Œ Ways of how not to argue

Enhance your listening skills. It will make you less defensive and allow you to analyze the statement of other person deeply. You should listen to the other person with patience and give a logical approach to the same. Let the other person complete what he/she wants to say. Once he/she is done, give your feedback. This would allow both of you to lay forward your view point. However, make sure that whatever is said is logical and pertains to the present situation.n Never think that you are always right. If people have been correcting you time and again, know that there is some problem which lies inside you. Accept that you have a problem of arguing on small issues and work on it to exclude the same from your behavior. Accepting your weakness will strengthen your relationship. Also, ask them to help you come out of the problem. Inculcate understanding in yourself. Instead of thinking about your own issues, try to understand the other person's views, feelings, state of mind, etc. This will help you to talk calmly and make the relationship a strong one. After understanding the other person, your approach will not be illogical or defensive. The feedback will be based on the feelings of both the people and not only yours. Introspect yourself and increase your self control power. Also, be aware of the place and people around before heading towards an argument. A couple must never involve in the argument in front of their children. It may have a bad impact on them. Respect each other to share great relationship. Similarly, indulging in a heated argument in a public place such as a mall or cinema hall would make people think of you as uncivilized. Be positive in your thinking. It will exclude negativity from inside and you will have a healthy approach towards any issue. If you have positive nature, you will never get involved in any kind of argument. Do not make excuses and be truthful. Improve yourself rather than giving explanation all the time…..continuing....

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πŸ“Œ Business Concept and Idea Development

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πŸ‘continue to read about πŸ‘‰Business Concept and Idea Developmentβœ”

πŸ“Œ What our children and today's generation needs to know

When the ancient Chinese decided to live in peace, they made the great wall of China, They thought no one can climb it due to its height. During the first 100 year of its existence, the Chinese were invaded thrice … and every time, the enemy had no need of penetrating or climbing over the wall… because each time they bribed the guards and came through the doors…..continuing....

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πŸ“Œ Funny mathematics paper

MATHEMATICS,PAPER 1 P299/2
Time:2:30mins
Instruction: Attempt any four
questions.
ALL QUESTIONS CARRY EQUAL MARKS.
1. You have dated a girl for two years and eventually she drops you for another guy. Calculate the percentage of time wasted (20 marks).
2. You buy airtime for your girlfriend and she calls another guy. Using trigonometric identities, derive the general formula for this kind of love (20 marks).
3. You are dating four girls simultaneously, and each of these girls is demanding a Samsung Galaxy S5 and an Ipad 3 from you.
(a) Plot a graph of girls against the prices of these phones(15 marks).
(b) Using data from your graph, state the estimates of your future poverty (5 marks).
4. You are dating other people's sisters, but you don't want to see any guy with any of your sisters. Calculate the percentage error in your thinking capacity, given that you have 4 sisters and 3 girlfriends. Take Pi = 3.14 (20 marks)…..continuing....

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πŸ“Œ 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....

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πŸ“Œ Basic General Enterprising Tendencies (GETs)

β€’ Believe they can act on or interact with their environment
β€’ Are sensitive to opportunities and needs
β€’ Can set goals and make plans to realize ideas
β€’ Are pre-disposed to persevere, be self-reliant and maintain their motivation
β€’ Take calculated risks to facilitate the implementation of plans….continuing....

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πŸ“Œ 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....

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πŸ“Œ Heart touching story

<HEART TOUCHING STORY>
.
A boy and a girl Loved each other very much.
Unfortunately the Girl Died..
The Boy was So Upset and he couldn’t Stop his
Tears.
.
He kept on Crying Day and Night.. Many People
gave him Sympathy,
but no Argument could Stop His Tears.
.
One Night He Slept and had a Dream;
.
He saw the Girl in Heaven with so many Girls of
Her age.
He felt Relaxed.. But He Noticed that every Girl
was in Fairy Dress;
and had a Lightened Candle in their Hands, but
his GF had a Candle which was not.Lightened..!
.
He asked Her:
β€œWhy is Your Candle not Lightened?” She Replied:
β€œWhenever I lighten My Candle;
Your Tears fall on it..!
Please Stop Crying…
.
PRAYER !! !! !!
.
TODAY I PROPHECIES THAT YOU WILL NEVER
LOOSE ANYONE YOU LOVE ON EARTH
PREMATURELY.
…..continuing....

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πŸ“Œ Be aware of this trick

A lady's handbag contained her cell phone, ATM card etc was stolen.
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πŸ“Œ 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.

β€œGo 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;

β€œGo 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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πŸ“Œ STORY: Keep my shirt clean

Two guys were drinking in a bar.
As they were drinking, they started arguing, one guy pounce on his friend and started
beating him.
.
After a long beating he realised that his friend was no longer breathing, he already died instantly.
Then the guy started running with his
shirt full of blood.Those who were
watching the fight started chasing him.
.
He ran to the house of a Christian man, knocked and said,
"Can u please hide me, i have killed a person and people are chasing me."
.
The Christian man replied ,
"Where am i going to hide you in my one room
apartment?"
The muderer said "There is no time to
waste here, just think of anywhere you
can hide me."
.
After a long thinking, the Christian man
said to the murderer,
"Give me your shirt and take my shirt but remember to keep my shirt clean"
They exchanged their shirts.Then as
soon as the Christian man opened the
door, people started beating him and
was badly injured that he was taken to
the police station.
From police station, the case was taken
to court and the man was found guilty of
murder and was sentenced to death.
.
The real murderer was safe at home but
was feeling so guilty that he ran to the
Court and said,
"Can you please release that innocent man, am the real murderer".
.
The judge replied "unfortunately it's too
late, the man is already hanged at last".
He ran to the police where the man was
hanged and for sure he
found him dead hanging.
.
He knelt down and cried his eyes out and said to himself, " You paid for my crime"
He remembered the Christian's last
words:
"KEEP MY SHIRT CLEAN !!!"
That's how the murderer repented and
became a christian!
.
MORAL OF THE STORY ;
This is what Jesus did for us. He died for
the crime he did not commit on the cross of Calvary.
Now if you are thankful with what Jesus
did for you, Appreciate Him by just sharing
πŸ™πŸ»πŸ™πŸ»πŸ’’πŸ™πŸ»πŸ™πŸ»….continuing....

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πŸ“Œ Having a best friend

A story tells that two friends were walking through the desert. During some point of the journey they had an argument, and one friend slapped the other one in the face…..continuing....

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πŸ“° Recent PostsπŸ‘‡

A Advice for knowledge

Advice just for knowledge…..
1. Have a firm handshake.
2. Look people in the eye.
3. Sing in the shower.
4. Own a great stereo system.
5. If in a fight, hit first and hit hard.
6. Keep secrets.
7. Never give up on anybody. Miracles happen
everyday.
8. Always accept an outstretched hand.
9. Be brave. Even if you're not, pretend to be. No
one can tell the difference.
10. Whistle.
11. Avoid sarcastic remarks.
12. Choose your life's mate carefully. From this
one decision will come 90 per cent of all your
happiness or misery.
13. Make it a habit to do nice things for people
who will never find out.
14. Lend only those books you never care to see
again.
15. Never deprive someone of hope; it might be
all that they have.
16. When playing games with children, let them
win.
17. Give people a second chance, but not a third.
18. Be romantic.
19. Become the most positive and enthusiastic
person you know.
20. Loosen up. Relax. Except for rare life-and-
death matters, nothing is as important as it first
seems.
21. Don't allow the phone to interrupt important
moments. It's there for our convenience, not the
caller's.
22. Be a good loser.
23. Be a good winner.
24. Think twice before burdening a friend with a
secret.
25. When someone hugs you, let them be the first
to let go.
26. Be modest. A lot was accomplished before
you were born.
27. Keep it simple.
28. Beware of the person who has nothing to
lose.
29. Don't burn bridges. You'll be surprised how
many times you have to cross the same river.
30. Live your life so that your epitaph could read,
No Regrets
31. Be bold and courageous. When you look back
on life, you'll regret the things you didn't do
more than the ones you did.
32. Never waste an opportunity to tell someone
you love them.
33. Remember no one makes it alone. Have a
grateful heart and be quick to acknowledge those
who helped you.
34. Take charge of your attitude. Don't let
someone else choose it for you.
35. Visit friends and relatives when they are in
hospital; you need only stay a few minutes.
36. Begin each day with some of your favourite
music.
37. Once in a while, take the scenic route.
38. Send a lot of Valentine cards. Sign them,
'Someone who thinks you're terrific.'
39. Answer the phone with enthusiasm and energy in your voice.
40. Keep a note pad and pencil on your bed-side
table. Million-dollar ideas sometimes strike at 3
a.m.
41. Show respect for everyone who works for a
living, regardless of how trivial their job.
42. Send your loved ones flowers. Think of a
reason later.
43. Make someone's day by paying the toll for
the person in the car behind you.
44. Become someone's hero.
45. Marry only for love.
46. Count your blessings.
47. Compliment the meal when you're a guest in
someone's home.
48. Wave at the children on a school bus.
49. Remember that 80 per cent of the success in
any job is based on your ability to deal with
people.
50. Don't expect life to be fair…..continuing....

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A 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....

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A Stages in the development of a business career

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

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A The powerful prayer

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

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A The journey is so short

A young lady sat in a public transport: an old grumpy lady came and sat by her as she bumped into her with her numerous bags. The other neighbor got upset, asking the young lady why she did not protest and insist on her rights: she responded with a smile: "It is not necessary to be rude or argue over something so insignificant!' I'll alight at the next stop, replied the young lady"…..continuing....

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A How To function WhatsApp group

How to function in a Whatsapp Group?
Very nice Protocol….continuing....

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A Avoid a bad Marriage

AVOIDING A BAD MARRIAGE.
By Pastor Chris Oyakhilome PhD…..continuing....

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A Assessing the Viability of the business Idea

An Idea is not necessarily a Business Opportunity: There is one crucial difference between an idea and an opportunity. An opportunity is based on what consumers want. Many small businesses fail because an entrepreneur didn’t understand this…..continuing....

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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 WHAT A MESSAGE

"A certain gentleman walked into a hotel and after perusing through the menu ordered for some food. After about 20 mins another group of gentlemen walked in and ordered for theirs…..continuing....

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A I hope everybody will reflect on this

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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A Difference of men and women at their age

Women are fickle minded.At 18, they want handsome men.At 25, they want matured men.At 30, they want successful men.At 40, they want established men.At 50 ,they want faithful men…..continuing....

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A THE MARKETING PLAN

Marketing plays a vital role in successful business ventures. How well you market you business, along with a few other considerations, will ultimately determine your degree of success or failure. The key element of a successful marketing plan is to know your customers — their likes, dislikes, expectations. By identifying these factors, you can develop a marketing strategy that will allow you to arouse and fulfill their needs…..continuing....

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A Be aware of this trick

A lady's handbag contained her cell phone, ATM card etc was stolen.
_Thirty minutes later she managed to call her husband from her friend's telephone, telling him what happened._….continuing....

πŸ‘continue to read about πŸ‘‰Be aware of this trickβœ”

A STORY: King and young boys

An aging King realized that if he died he has no one to take over the throne. He decided to adopt a son…..continuing....

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