Right Foundations Are Important In Business Development

"Have you ever wondered what you would do with ten thousand shillings?", was the opening remark for the Kyusa business development training module. Participants came up with several business ideas that they could start with as little as ten thousand shillings while two totally had no idea besides being amazed at the fact that some one could start a business with ten thousand shillings. It is interesting the answers that came up. We were able to see that business is not a monster that only the people with muscle can conquer but it is all about putting what you have to use. It is a matter of focused and creative thinking. The other question is “now that you have all these ideas what are you going to do?”

In one of the participants words, “I am so grateful to Kyusa because for me I never knew I could do business but now I see that it is possible”. One of the points that the facilitator stressed is Goal setting and meeting targets in business. It is a very common practice for small business owners to work without setting daily or weekly targets. A person wakes up and just goes to work whether or not he sells, it makes no difference. The participants were admonished by stressing the fact that targets help you push yourself to work and achieve. Its important to set goals and work towards achieving them for success.

The first step to getting a business off the ground is getting started. Many people have brilliant and viable business ideas but they are only ideas until someone puts it into practice. Any successful business person will tell you that the key to succeeding in business is getting started and keeping at it until you reach a break even point. Research has shown that a lot of businesses do not make it past their first year and this can be attributed to poor planning and management systems.

In starting up a business, there are key issues that need attention. One of them is Management. Under this is Job Descriptions, Terms of Pay, Purchasing Procedures, List of Equipment(Assets) and  the second key issue is Marketing. Marketing has to do with being able to define your service or product. One of the things that came up under marketing is Risk Management. This is an issue that is highly neglected until the problem occurs. This provoked a discussion among the participants about different case studies and scenarios that could risk different businesses which included everyday examples like oil burning, an electric shock and the like. How prepared are you when such things happen?

The planning for any successful venture must focus its greatest efforts on laying the right foundation. Just like it is in building, so it is in business planning. When you take the time to lay the right foundation for your business, you can guarantee its success both in the short and long term. More than having a brilliant idea, you must put in place the right management systems to ensure the smooth running of the business more so in the initial stages. More importantly, your passion and commitment is what will keep you going during the low and dark moments of your business growth. For every valley, remember that there is a mountain top that awaits you.