Stages in the development of a business career

a) Conception:

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

b) Start-up:

Scale of business, market validation, resource identification, business planning, negotiating/establishing systems, consolidating gains. At this stage one will also think of different forms of organizing a business, such as sole proprietorship, partnership, Company, NGO etc

c) 1st stage growth:

Establishing the customer base, increasing sales, expanding in current markets, improving product quality, developing management skills.

d) 2nd stage growth:

Strategic thinking, investing in capacity, developing a management team, delegating management responsibility, international awareness.

Not all businesses that are started reach the final stage of growth. One of the reasons is that entrepreneurship tends to be episodic, in the sense that business people are not necessarily entrepreneurial all of the time. Many become satisfied when reaching a safe state of survival or the first stage of growth, especially when, having reached those stages, their businesses are providing a relatively good income

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πŸ“° Recommended PostsπŸ‘‡

πŸ“Œ What is agribusiness

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

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πŸ“Œ How to develop ones Enterprising Tendencies?

At some point in an entrepreneurial career a person has to start developing experience and learning actively about what they do best and what they should learn to do better, and the sooner they start learning actively the sooner they start being enterprising.

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πŸ“Œ 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.

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πŸ“Œ 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._

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πŸ“Œ Factors of Life

factor of life.
1. be grateful for what you have

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πŸ“Œ The will to win

The will to win, the desire to succeed, the urge to reach your full potential… these are the keys that will unlock the door to personal excellence.

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πŸ“Œ Short love story

SHORT LOVE STORY 1.I stood at the bus stop near the National bank with my earphones on.The Egerton welfare bus had taken long beforearriving.I kept on glancing side from side and watched people walk in diffrent direction with least interest.Just then, a cute lady came talking over the phone towards me.The smile she put on her face was heartmelting.She was fairly tall with long silky black hair thattouched almost the middle of her back, her eyes were shiny and attractive.I stared in her direction as she leisurely paced towards me.As she approached where i was standing, i quickly turned to my phone and started pressing it aimlessly in pretence.She walked passed me without throwing aglance!Just then, the bus screeched into the parking lot hooking loudily to alert those students whowere unware.As i climbed the second step in the bus, a thought came to me,"i will not be able to see this woman again, what the hell! This is a God given chance"I climbed down from the bus and paced in the direction of where she was walking.I stretched my neck over the crowded street and saw her black hair sway from side to side as she leisurely walked.I followed her at a safe distance admiring her figure from behind.I wasnt worried getting to school late. No.Just then, she pulled herself to a bookstall and started glancing at the books as she read the cover.I moved there,and pretended i wanted to buy a book. As she did, i went through the books picking a book after the other, read the cover and droppd it back to the stall.She accidentally touched a pile of books at the edge of the stall and in one fall,the books wentdown like an avalanche.I bent down assisted her to rearange the books back as our eyes met for the first time.She made me to blush alittle!She then left and walked along the street briskly glancing at her phone at some point.I followed her for i didnt know why i couldnt ask her name.She glanced at the back and noticed i was tracing her.I looked left,right, here there pretending i wasnt intrestd in her.She kept on glancing at the back maybe to catch me offgaurd,and that made me uncormfortable and at some point i bent downto tie my shoe laces,or i could turn and start walking in the opposite direction.I saw her cross the street and entered the building directly opposite Easy coach booking office.I couldnt cross immediately because of the damn traffic!I made myself past the slow moving cars and dashed into the bulding.As i made my way in, i saw her enter the Lift as the door closed swiftly, indicating 6th floor.I took the stairs climbing like a racing moving star.As i arrived on the 6th floor puffing and huffing,she dashed out from a certain office and my eyes met with hers!I stood still, my heart beat increased, i was dumbfounded.She smiled as she entered the lift. I quickly thought to myself and crept inside the lift too.I mastered my courage to talk to her.We kept on sneaking quick glancing at each other making sure we dont catch each other offgaurd.I wished the lift to get stuck so we can spend alot time with her.She then pressed GF button and the lift flew down.Upto this time i had not talked to her for i hadtensed to strike a chat.Neither had she.As the lift touched the ground floor,her phonerang but she didnt recieved.She paced towards the other side of the streetpeherps to catch a Mathree to her hood.As she crossed, an over speeding car raced towards her.I shouted pointing towards the car and ran to her.She had seen it and paced to the other side of the road!I saw the car directly towards me.People started to shout and screamed.The car hooted continously.I tried to pace,bt it was too late, the silver coloured roaring subaru was about to hit me when my 6AM morning prayer alarm went a burst!What a nightmare!Enjoy yo week guys. Love u.

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πŸ“Œ Wise words from great thinkers and observers

Buffalos kill 7 people every year.
Lions kill 500 people every year.
Hippos kill 800 people every year.
Spiders kill 5000 people every year.
Scorpions kill 7000 people every year.
Snakes kill 10000 people every year.

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πŸ“Œ This is the sad story

πŸƒπŸŒΉπŸƒπŸŒΉπŸƒπŸŒΉπŸƒπŸŒΉπŸƒπŸŒΉ

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πŸ“Œ Beautiful story

Couldn't resist sharing this beautiful story 😊

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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.

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πŸ“Œ Where you wait for the bus 🚌 doesn't matter but your relationship with driver does

There's an old story of the boy who stood on a sidewalk, waiting for a bus. A man walking by spotted the boy and gave him some gentle instruction. "Son," he said, "if you're waiting for the bus you need to move to the street corner. That's where the bus stops for passengers."

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πŸ“° Recent PostsπŸ‘‡

A Ways to overcome public anxiety

Erase The Preconceived Notions People typically associate the task of public speaking with stress! This is absolutely untrue! Public speaking is only stressful if you allow it to be! Ironically, if you shake off this incorrect belief, public speaking can be a very enjoyable and invigorating experience for you. Try to dig out the hidden cause for your fear, diagnose it and say hello to a new fun hobby! Knock off the fear of public humiliation! You're overreacting! It's purely psychological. Stage fright can be curbed with a smooth build up of self-confidence. The best way to start that process is by facing reality and accepting that public speaking is not as difficult as you once thought! Capitalize On Three Good Points Stumble upon three relevant points and you're ready to nail it. In other words, you have good potential to set the stage on fire! Maintain a calm and composed demeanor! You don't have to be the funniest or smartest orator on the planet to receive a round of applause. Even if you make a couple of mistakes, skip a few important portions of your speech and pause for a minute, you haven't necessarily failed! Stop focusing so much on your performance, it's the value of the content effused that matters most. As long as audiences have something valuable to take back home (or with a smile on their faces), you will be remembered positively. Bear in mind that heaps of inconsequential facts does not augment your orator status. Stick to two or three clever points and render your speech interesting and genuine. Stress on one key point if you strongly believe in it. Diminish the number of quick notes and let words flow straight from the heart to the tip of your tongue! Avoid silly complexities for you will end up boring the crowd. Prepare But Don't Over-Prepare Preparation is essential. More importantly, prepare well in advance and not overnight for anxiety will double and the outcome will be messy. Practice does indeed make a man perfect but never overdo it. A speech turns superficial when planned too far ahead. It should be natural! In fact, the more effort you put into it, the worse might be your performance. So, don't over-prepare! Relax and take a deep breath! Just rehearse once and revise the key points along with a few good examples. Memorizing a speech verbatim only ruins the authenticity of a speech and implies that you don't have a firm grasp over the subject. Try not to script the speech! Gain self confidence and you will soon begin to respect the natural public speaker hidden deep down inside of you. Select A Topic That Interests You It will make all the difference if you chose a topic that you feel strongly passionate about! You will feel excited to research the topic and make the overall speech as interesting as possible. As you immerse your heart into it, you will notice your phobia slip away. Even when you have no choice but to resort to a lackluster topic, you could make alterations to the technique or approach of speech making. For example, make a colorful PowerPoint presentation or screen a funny video! The surging enthusiasm will tranquilize the goosebumps. Be Humble, If Not Humorous While adding a glint of humor to your speech would earn you brownie points, it's not mandatory. It is important to discover your style of speaking and work on improving that. However, it is important to maintain a fine sense of humility throughout your speech. When you stand up in front of the masses, share some of your weaknesses and frailties. This highlights your image as a credible, respectable and lovable speaker. Audiences will be able to connect with you and respect your honesty. If at all, humility isn't your style, don't feign it! The pretense of acting humble is easily detectable and this will trample your image in no time! You could hence make up for it by capitalizing on your good sense of humor! After all, who doesn't enjoy a good hearty laugh! Start with a joke or narrate a bunch of anecdotes, just don't digress from the actual topic. Don't Let Hecklers Get To You! Hecklers are all over the place and most of the time, they do a pretty good job at tormenting speech makers! However, it is in your best interest that you master the art of turning a deaf ear to such obstacles or counter-attack their witty statements with a wittier one. This most definitely helps you overcome all fears. But if you are still battling with glossophobia, then you should try your best and ignore those silly sadists or respond with an "I really appreciate your comment". Visualize Success Elite athletes rely on the technique of visualization to enhance their athletic performance. Every time you rehearse your speech, visualize your audience being amazed by your oratory skills! It is best to believe in yourself and that you are conveying solution for a very strong ground-breaking problem. Hence, your audiences ought to be impressed. Hear the cacophony of thousand claps and "wows" every time you emphasize on the last sentence of your speech! Boost your confidence!

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A To learn how to love yourself

Accept Your Personality Your life has not ended yet. You still have plenty of years to live. Hence, it's never too late to improve or develop yourself throughout your life. However, it is best if you accept yourself for whom you are. Be happy and celebrate your unique qualities and characteristics. After all, you are a unique individual created from God's own hands. Be Happy With Your Body Size Both men and women are often too conscious about their physical appearance, especially when they see a well-toned and figured person crossing their way. In case of women, some feel that their breasts are just too small, while there are others who feel they have heavy butt. Men, on the other hand, feel inferior to those who are well built or have a great muscular body. For all such gentlemen and ladies, remember that we are not produced from a single factory. Each one of us is different; hence, it is better if you accept, or rather love, your physical appearance. Built Confidence No person is born with natural confidence. It is the upbringing and your surroundings that help you develop poise and self-confidence. Children who are taught to become self independent from an early age have greater level of confidence than those who look up to their parents for every knick and knack. Start revealing a positive attitude and a feeling of self assurance and see how confidence comes natural to you in no time. Find Out Your Good Qualities And Achievements Looking out for some good qualities in yourself? Were you not able to find any? Does that make you hate yourself further? Why? Aren't you a homosapien? Just like every person has some negative attributes, so does he have positive characteristics as well. It is good to criticize your self but then do not be over critical. Accept your flaws and try to come over them. As for your positives, just keep on bettering them and who knows you might be able to love yourself all the more. Stop Regretting On Your Mistakes So, you have committed a mistake? So what? It's just a mistake. No one is going to beat or punish you to death. Making mistakes is natural to any human being. So stop beating or cursing yourself over and over again. Instead, sit down and analyze your mistakes. Take positive lessons from them and find out what different you can do next time to avoid these stupid and silly errors. Forget the past and plan the future. Don't Let Others Dominate You Sad but true, often people treat you like a doormat simply because you allow them to do so. It's your life and no one has the right to control or rule it, except you. So stop being too kind and generous when a friend constantly borrows money from you with no promises of repaying it back. Stand up and dump that guy who calls and looks up to you only for sex and nothing else. Remember, do not let anyone treat you badly because you deserve better than being only used or criticized.

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A Basic business skills

Starting up and running a business requires special skills such as careful planning, research risk assessment, commitment and patience.

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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.

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A Self improvement of ideas

Meditation gives you that inner peace like nothing else can. Initially, it is a little hard to concentrate and there will be plenty of distractions. Let these distractions be a part of the learning process. After some time, you will notice that all negativity will be removed and you become happier. Sleep gives you a sense of calm and freshness when you wake up. But, try a reverse approach. Wake up about 30minutes earlier than normal and see how many more things you can do. Extra time gives you that extra edge to better yourself. It takes fewer muscles to smile than to frown! So you know what you should be doing. Smiles make such a big difference, and when someone around you is happy, it sends out positive vibes. Accept compliments with a smile and thank people for them. Be kind to yourself and everyone will do the same. Principles are important in a school, college, at work and at home. They are equally important in you. Principles must be set in a realistic way. It can be as simple as not wasting food or as complex as saving paper. Rules are not meant to be broken. So if you keep your principles on, you've obviously becoming a better person. Have complaints about everything? Stop this. It is an extremely irritating habit. Stay around people who don't give you a chance to give in to complaints, distract yourself and send out good signals which will increase your people power. Find a mentor or a role model who you'd like to be like. You don't have to become this person mentally and physically, you could implement their way of life into yours. Setting goals is what differentiates a person with good behavioral and mental skills compared to one that has no aim in life. Remove unwanted people and things from your life. You are better without them. Go to your room, remove all unwanted letters, posters and make more space for new things. If someone has been bothering you, cut him/her from your life for a while. Lay low till you think you can deal with them. It's about how you feel. Now, you will have a clear and creative mind for the new things to come. Television is for the utterly bored! It is junk for the mind and body. If you feel like you need entertainment desperately, then watch something educative for about 30 minutes or so but don't drown in the idiot box.

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A An infant rejoice in the presence of the Lord

β€œMost blessed are you among women, and blessed is the fruit of your womb. And how does this happen to me, that the mother of my Lord should come to me? For at the moment the sound of your greeting reached my ears, the infant in my womb leaped for joy. Blessed are you who believed that what was spoken to you by the Lord would be fulfilled.” Luke 1:42b-45

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A Beautiful story

Couldn't resist sharing this beautiful story 😊

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A The scientific death of Jesus Christ

THE (SCIENTIFIC) DEATH OF JESUS
For the next 60 seconds, set aside whatever
You're doing and take this opportunity! To share this

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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.

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A BUSINESS FINANCIAL MANAGEMENT PLAN

Sound financial management is one of the best ways for your business to remain profitable and solvent. How well you manage the finances of your business is the cornerstone of every successful business venture. Each year thousands of potentially successful businesses fail because of poor financial management. As a business owner, you will need to identify and implement policies that will lead to and ensure that you will meet your financial obligations.

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A Mathematicians view of life

Mathematicians say LIFE is like a line segment drawn from point B to point D.

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A The will to win

The will to win, the desire to succeed, the urge to reach your full potential… these are the keys that will unlock the door to personal excellence.

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A How to bring people around you

Begin with praise and honest appreciation. Call attention to peoples mistakes indirectly. Talk about your own mistakes before criticizing the other person. Ask questions instead of giving direct orders. Praise the slightest improvement and praise every improvement. Let the other man save his face. Give the other person a fine reputation to live up to. Use encouragement. Make the fault seem easy to correct. Make the other person happy about doing the thing you suggest.

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