Effective Management of Time & Money

“Tell me how you use your time and how you spend your money and I will tell you where and what you will be ten years from now” -Napoleon Hill

Time and money are some of the most valuable resources that you have been blessed with. Therefore, understanding how to use them is very vital in evaluating your progress and identifying what may be holding you back. Your personal attitude towards life determines your attitude towards time and; how you use your time determines how much you want to earn as regards your destiny.

Managing your time is similar to managing your life that is; you need to know what you want to use it for. First of all, you need to learn to prioritize your tasks and always create evidence of accomplishment of a given task; as this serves as a reminder of your efficient use of time. In addition, you should also decide to devote your spare time to the things that you think are important to you other than your job for example family, friends, reading, education and recreation among others.

On the other hand; just like time, money should also be spent with a clear purpose. You therefore need to create a budget for all your expenses and ensure that you stick to it through self-leadership. You also need to allocate a portion of your income to savings, charity and give yourself some reward for doing your job.

Developing and sticking to your budget has many advantages which include; increasing your habit of self-discipline and also helps you learn how to make your money serve your purpose.

Finally, when you have figured out how to improve your use of time, you will be able to allot more of it to managing your money! You need to learn to seize every moment of time as if it were the only one you had.

We therefore encourage you to sign up for the Kyusa program so that you are equipped with more skills on time and money management through the Financial Literacy module in the Kyusa curriculum!

Enrollment for the January 2017 intake is on.

How To Manage Your Sales

Selling and selling properly is a key factor in business!

Every entrepreneur is encouraged to learn how to sell as it is another way of social interaction. Dave Ramsey states, “Selling is nothing more than transference of feelings”. Entrepreneurship involves persuading a team to follow you in achieving a certain goal. Therefore below are some of the steps taken to ensure effective selling;

As an entrepreneur, you need to know your target market to the dot so you are able to qualify your clients. You should also encourage your team to always serve clients’ needs but not pressure them to buy products. This is mainly because clients usually purchase for their own reasons not yours.

In addition to the above, you need to be able to build rapport as this is what creates an opportunity for the buyer to trust you. One writer also emphasizes that people will buy from you only if they trust you, your product and company. Therefore, you need to have attractive packaging of your products, proper eye contact among other things. When rapport is effectively built, then positive referrals within the community begin to flood in which eventually boosts your business.

Furthermore, you also need to be well educated and informed about your products and competitors given the fact that it is very difficult to teach someone how important something is unless you actually know it. You are also able to passionately serve your clients when you know so much about your competitors mainly because you know why you are better.

Finally, always make it a point to sell and serve by describing the benefits of the products mainly because people do not buy products or services but rather what those products or services do! as encouraged by Dave Ramsey.

Let us therefore partner with Kyusa in creating a community of youth who have been fully equipped with entrepreneurship skills that will enable them to effectively sell their products or services thereby earning a living and causing social transformation. Enroll a participant for the January 2017 intake.

HOW TO LAUNCH YOUR BUSINESS

Many people always have the thought that starting business is hard. I say “no” to this thought by sharing a few nuggets on how to launch your business;

First and foremost you need to know the “why”, “how” and “what” of your business; you should be certain about the reason as to why you have selected a particular line of business. This reason should be big and audacious enough to keep you on fire and spread over to your future team and stimulate them. You should also know the strategies you are going to apply and what exact product or service you intend to produce. When all this is clear, the journey to launching your business then starts.

Secondly, you also need to identify the needs of the people in the surrounding areas and see how best to serve them. This can also help you in identifying your niche that is finding out what distinguishes you from other producers. For example, if there are many shoe sellers in an area, you may choose to sell yours with a free pair of stockings in addition.

Always start small and be proud as you launch out because even great oaks were once small acorns as stated by a certain writer. You are advised to start with the available amount of capital and resources. Borrowing to start business is usually discouraged. Hence, sometimes you might need to use the space at home in the early stages of your business till your income increases for example you can start by having a mini bakery at home where you bake the cakes and fry the daddies from .

Finally, when you start, always endeavor to employ workers who buy into the “why” of your business as this will save you from various problems. Therefore; forgetting all the fears, with our passions and dreams right, let us jump onto this train of business.

Kyusa commissions change agents to start up passion driven businesses through the Business Development module which is part of the curriculum. It is for this reason that I encourage you to recommend a person for the January 2017 intake.

Alumni Empowers Four Other Job Creators

The Kyusa program takes a holistic approach in empowering out of school youth to become employable mainly by starting their own businesses. Once alumni start their businesses. Kyusa continues to work with them towards growing and accelerating their business ventures.

Viola, an alumnus from the Kyusa pilot class recently visited the Kyusa offices and shared her milestones since graduating from the pilot class of 2014; “Kyusa empowered me to become financially independent. I ventured into a snack business after the program focusing on the production of crisps, hard corns, wedding cakes, ground nuts and cookies. I have expanded my market reach to three secondary schools in the areas of Nyanama, Kabowa and Bunamwaya. I also supply three shops in my home area with my products.. My income levels have increased, I earn a profit of 75,000/= weekly from sales and I save 29%. In addition, I have conducted training's where I have empowered four ladies to also start their own snack businesses. Finally, I plan to expand my business in the next quarter by purchasing an oven and also renting out a mini confectionery.”

Self Leadership

Whenever leadership is mentioned, most leaders think of their followers which is not the case. A leader must be able to lead in all directions that is; those above you, your peers and those below you in order to be considered an effective leader.Prior to that everyone needs to lead themselves first before they can lead others and this makes self reflection and inner growth key for all leaders as they tackle the challenge of self leadership.

Self leadership requires a leader to know and develop their gifts to the best of their abilities for example through mentorship, consultancy, voluntary work and going for further studies. It is also the leader’s job to keep their passions alive for example read whatever he has to read, go wherever he has to go to stay on fire. And he does not need to apologize to anyone as he/she works at keeping their passion alive.

In addition, it is the responsibility of the leader to know their evisioned future and keep it sure. This can be through having constant personal vision nights where you answer questions like;

·         Is  my vision clear?

·         Is my passion hot?

·         Am I developing my gifts?

·         In what area am I most gifted?

·         Is my pace sustainable?

·         Are interior issues undermining my leadership?

“It is difficult to lead people to the future when your own picture of the future is fuzzy” hence the importance of personal vision nights.

Finally, a leader’s character needs to be in the right shape for the whole team to be able to achieve the mission. A leader needs to have moral authority given that followers will only trust leaders who exhibit the highest levels of integrity.Hence, leaders need to maintain a good character as they desire to influence others!

I therefore encourage you to partner with us in raising change agents who will exhibit high levels of self leadership as they roll out into the community to foster development.