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Take Off Saul's Armour And Face Goliath

June 17 2015 l ndbs  
   
The story of David and Goliath may sound a myth to some but records show that the battle in the valley of Elah with archeological backing did take place. It is a story so close to may people of different religions as it shows the level of faith and trust that one can have in God to win the battle. When David got into the camp of Israelites he was greeted by a giant challenging the army of Israel.

David immediately got charged for war but before he could approach the giant, Saul offered him his armour to wear, Saul was the tallest in Israel, meaning that the armour was no match to David’s body and after an attempt to walk, he decided to take the armour off and face Goliath with his Sling and stones.

One may ask how does this fit in the business and entrepreneurship, reality is there are many entrepreneurs who want to use the wrong armour to face the business world, instead of finding what can work best for them they want something that may not match their idea. Instead of looking for thousands to get business off the ground they want to start with Millions. It is better to start your business idea in phases with thousands while growing it to millions than starting with loan worth millions and end up with zero. Be able to define your business idea and map out a plan on how to tackle it. The following can assist in doing that: 

Ask questions and do research before engaging

David had to find out first who the Giant was besides knowing only that he was a philistine. Knowing what you are getting yourself into will help you plan your approach before you start with that business idea you have been working on. Do research and be well informed before business world take you by surprise and you close shop early.

Identify the resources needed to get started

Saul offered David his armour and David gave it a try but could not walk, which was clear that Goliath was going to finish him before he can lift his shield in defense. Upon realizing that Saul’s armour was not going to work, David grabbed his sling and picked five stones to face Goliath. Your business may not require a huge amount to get started but stages and phases that will show how you will start and grow the business.

If your idea is worth Millions, scale it down to a million and create mini budget through which you can get started with phase one. Do not dwell a lot on how and where you can borrow money, like David who took off borrowed Saul’s armour, find a way in which you can use what you have to get the business off the ground.

Take good aim at the Target

Goliath was a giant to fight with, but David identified a spot where if he can hit correctly for Goliath to fall down. And he indeed aimed for an opening on the forehead and the stone lodged there. Once you define your target market you will be able to know who can be your immediate buyers for you to start making profit and grow the business to the point where you want it to be.

Use the sword of the giant for victory

David hit Goliath and the giant fell to the ground, at that moment the philistine army ran away but Goliath was not dead yet. David ran quickly and took out Goliath’s sword and cut off his head. Once the business get started and you start making profit, use the same profit the business is making to buy more products or create more selling points which will lead to business growth.

Every business requires funding, but business can start with little resources and grow into a giant operation, it will take your will and determination to get started and work out a plan that can be implemented with little resources than stifle yourself in debts when you could have started small and grown your business.

Derrick is a Certified Business Advisor   (IBA Member)

   
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You Are The First PR Executive For Your Business, Behave As Such When Networking

May 08 2015 l ndbs  
   
Network sessions are seen by many as platform where they will go and sell their business and distribute business cards to those deemed potential clients, very few see it as a platform to buy what they are looking for, the reality is that what you have been looking for can be purchased at a handshake price for the mere fact that you shook hands with the seller and had an opportunity to interact at personal level than client and service provider. You therefore need to go the sessions prepared

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Get All Your Race Horses At The Starting Gates

March 23 2015 l ndbs  
   
At the racecourse all horses have same starting time and are at closed starting gate to make sure they are all at the same line before take off but someone is optimistic that their favorite horse will emerge a winner.

At the end of the race there will indeed be one winning horse that will be all over the news and those who placed a bet on it will head to the bank smiling. But the overall winner is the race organiser because every horse paid to enter the race, every gambler paid to bet for the horses, those attending the race paid entrance fee, the broadcasters paid for broadcasting rights, and the organisers decide the winner’s price.

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Enhancing Value Chain Among Entrepreneurs


Value Chain is the concept that has been promoted by governments around the world with focus on how they can integrate systems to function efficiently, and they have taken it further by looking at how they can relate amongst each other through bilateral trade agreements that carry tax exemptions and tariff deals that will see seamless transactions to boost their economies. 

The question that needs to be asked is what are entrepreneurs doing in facilitating similar agreements amongst each other without relying on government invitations and pay exorbitant amounts in accompanying diplomats to witness them sign agreements.  And very few companies do afford the trip costs, and while on that trip like World Economic Forum there is a fee to meet head of States or be in some strategic talk shows. 

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Fishermen Have No Competitors

I was asked a question by a mentoree during mentorship session: “How do I deal with competitors in the area?” And immediately the thought of fisherman dropped in my mind.  I pictured a fisherman on the bank of the dam with other fishermen nearby. 

What came strongly is that every fisherman is focused on their fishing line to see if it moves and their attention is on the fishing rod that is held tight by the hands which makes it difficult to lose focus.  The only time they look aside is when another fisherman screams after catching a fish and that will be short lived as everybody is back to their fishing rods which have not caught fish yet.  For fishermen to concentrate on their rods than on the competitors they adhere to the following:

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Knock Yourself Off Debts Wagon

Getting in debts then pay someone to administer your way out is like kidnapping yourself and pay someone ransom to be freed. Most people realize they are in debt the moment they need something and can’t afford due to other financial commitment, and instead of paying off what they have committed in they start to see crisis in the situation.  One has to ask a question “Did I make mistake by committing my money to that?” and if answer is no keep paying without pressure. 

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Your Business Needs Medical Attention Too

As humans we are quick to seek medical help should we not feel well in our bodies and at times it does not matter how much we pay for the services as long we get help, yet we fail to do the same when our businesses are unwell, instead of seeking help from experts and consultants, we try to fix things by ourselves until the business collapse and we are unable to resuscitate it back to life.  The following are steps that will help getting your business healthy:

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Get Your Business Off The Ledge

Every business does experience dry season and rainy season, there are times where it soars like an eagle, and comes a time where it hides like a bat waiting for night time.  It becomes dangerous when it get on the ledge and leave the owner with two options: To jump and crush or hold back for rescue.  When faced with that situation the following can help get on your feet again: 

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Is Cash Still King In Business?

The old adage that Cash Is King still has meaning in today’s business world.  Employees are paid through cash, Service providers need to be paid cash, creditors are paid cash.  Any company that has its cash withheld by its debtors such company may struggle to meet its financial obligations. 

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Dining With Captains 

Getting clients to buy your product or service takes talking and selling but to keep them takes character and respect.   The clients that you have they are also clients to others so they know all the tricks and the kind of game you play, and they can easily tell if you are trust worthy or not.  

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Curious Case Of Middle Class 

The economy is structured in such a way that there must be employers and the employees. And it is the responsibility of employer to pay the employee for the services rendered or work done.  It is within  this circle where the  bourgeoisie have  found a dwelling place.    

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Act Like Antrepreneur, live  like Entrepreneur

Ants are interesting insects and unlike lions that you have to find in the zoo, they are found in rural and urban areas.  They travel without boundaries and  work hard for their food no wonder they got special mention in the bible, Proverbs 6:5-6 ““Go to the ant, you sluggard! Consider her ways and be wise” .  In studying their lifestyle one discovered that there is much to learn from such a tiny creature than could learn from a lion.

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Advertising On Social Media For Results

Social media is a great platform for networking, business connection, family contact, friendship, dating that may lead to marriage or heartbreak, whatever the reason may be, the bottom line is any person who is on social media already know the purpose and intentions of being there.  How you behave to those you are connected with may make or break your business as you

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