December 24, 2018
Entrepreneurs approach the business planning stage differently. Some need to cross every “T” and dot every “I” — not a bad approach if you’re seeking financing from sources outside yourself. Others find are a little more relaxed about it. As Harry Karanja, a web cafe entrepreneur in Nairobi, Kenya, described his thought process: My preferred approach is to have a general idea of what the business is to achieve and write the plan as I go along, reacting to customers, suppliers and processes. I nevertheless ensure that I stay true to my business partner Stephen Alala’s mantra that any business should be “anxious for profits, but patient for growth.” Unquestionably, a business plan is a living, breathing document, which should change as your assumptions are tested, and your dreams are confronted by reality. The business plan that is not revisited on at least some regular basis is a dead document, rather than a business growth tool. It becomes merely a snapshot of where you were and what you thought when you wrote it. Chances are,…
Continue ReadingFrom Ben Canosha’s blog, a good suggestion before starting a business with others: Before going into a partnership with someone, spend time with them in three different kinds of situations: a relaxing one, a competitive…
Read More“Life is trouble; only death is not,” comments Zorba the Greek in the novel by Nikos Katzanzakis. I’ve heard many a business owner brag about the lack of complication that their sole proprietor status affords…
Read MoreFrom north of the border (Canada) comes some really great advice to help get you jazzed for the upcoming holidays: Find things to celebrate! Yes, you may already be looking back on 2009 as a…
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