Category: ADGE News
ADGE AFRICA’S BUSINESS TIPS- TIP # 1

TIP # 1

ENSURE BUSINESS PROFITABILITY

Sounds rather obvious doesn’t it? But it’s amazing how many businesses are not profitable or become unprofitable. Uncertain market conditions, demand-supply imbalances and a number of economic and non-economic factors pose a challenge to the profitability of a business.

It is very important for all business owners to constantly study their numbers. An awareness of revenue and running costs is key. A business only remains viable if you are making a profit.

Two things every business owner should focus on:

  • Constantly work on increasing sales revenue; and,
  • Constantly find ways to reduce costs.

Most importantly, the customer is KING! Know your customer, study their purchasing history and request regular feedback.

The late Jim Rohn, one of my favourite business mentors whose rags-to-riches story inspired millions, once said that success is a “numbers game,” and nowhere is this truer than in generating a profit.

Finally!! Adopt a “for profit” mind-set and accept the fact that you need to make a profit to survive.

This is easier said than done, but it can be achieved if you’re open to examining your beliefs about money, wealth and profit and committed to changing your point of view.

The 3 Essential Steps To Becoming A Thought Leader

We live in an age of overwhelming information. The world is full of people supplying it and others who are seeking it. People everywhere are desperate for solutions and fresh insight. Those people who are able to provide them with the strongest, freshest, most relevant, and even most radical ideas, practically hold the keys to success. The individuals with this level of influence are the thought leaders.Read More

10 Steps to Win the Sale Every Time

There’s nothing more frustrating than having worked on a deal for weeks or even months just to have the prospect say, “You know, I’m not sure this is the right time for this project. Why don’t you check back with me in six months.” As soon as that sentence is uttered, the deal is essentially dead. Time to start all over again with someone new.Read More

You can succeed… or fail…. at anything

Measurements and score keeping is a universal language applied in a myriad of ways…

We keep score of sporting events as well as individual player statistics, credit scores,
grades in school, video games, IQ, cholesterol, blood pressure, weight, carbon footprint,
net worth, voting, conversion rate, customer retention, likes and tweets to name a few.

As consumers, we score the books we read, the websites we visit, the hotels we sleep
at, the restaurants where we dine to include service and food quality, the television,
movies and performances we watch as well as the music we listen to.

While the range and significance of every score and measurement is diverse, one
constant remains…everyone and everything is scored.

My concern has always been…are people measuring and scoring the right things?

Today is February 7th…the 37th day of the year.

What’s your score?

How would you measure your year to date performance?

Are you crushing it, or getting crushed?

These questions are important for one important reason…ONLY RESULTS MATTER!

When it comes to all of the measurements and scoring you are engaged in…none of it
matters if it does not inspire action which in turn drives results.

None of it matters if you haven’t reached your goals.
Measure your efforts as you drive towards your personal and business goals.

(Adapted)

Personal Strategic Planning

“Its hard to accomplish anything without a plan. Whether you’re coaching a football team, making thanksgiving dinner or running a small business, you need a strategic plan..”

Forbes Magazine

Join Dreams Factory for a Personal Strategic Planning Session in Harare n the 27th January, 2018.

Even When You Don’t Feel Like It You Have To Keep Going.

Todays one of those days I don’t feel like blogging.

You probably have those days too where you don’t feel like it.

It’s okay because none of us are machines and there will be times when we just want to chill out and relax.

There’ll be times where you think “What’s the point?”
That’s that negative self-talk you have play in your mind when you sit down to work on your passion. Your brain tells you “Who’s listening anyway? What’s the point?”

And maybe sometimes your brain is right. That doesn’t mean you give up.

Today I didn’t want to do it and I did it anyway.
And if I feel like this again tomorrow I’m going to do the same.

“The habit is more important than the work itself.”

Staying on the path towards your goals is the hard part. Naturally, if you practice as much as you can then someday you’ll do well, and other days you’ll suck. You can’t always control the outcome but you can control the habit of practicing your craft.

Some of the best stuff I’ve produced has come from bad days.
The days when I suck the most have created some of my career highlights. That’s because when you’re in the “I don’t care what happens” mindset, you become your most creative. You inspire people without realizing it.

Always trying to be too purposeful can suck the creativity out of you.

Creativity comes from flow states and these can be produced on your best days and on your worst. I’ll say it again: The practice is way more crucial than any other factor.

If it weren’t challenging, we’d all have an Oscar.
Winning an Oscar is difficult and so it is achieving your goals. If it were easy, we’d all have an Oscar and be living in the Hollywood Hills sipping Gin N Juice with Snoop Doggy Dog. The harsh reality is that nothing comes without pain and suffering.

Now I know you think I’m preaching and saying the same old stuff, and you’re probably right. Sometimes you have to hear the truth and hear it over and over to get the message. I knew for years I needed to start exercising again and it was only until I read a book that highlighted why I should join the gym again that did I took action.

To put that in perspective, I procrastinated for 5 years on the thought of exercising properly again.

That’s why you need to hear me say again that you have to keep going even though you don’t feel like it. It’s on the days where you experience the most pain that you’ll also get the biggest growth.

Today sucks a bit for me and tomorrows a new day. I’m not going to stop blogging and you shouldn’t stop working on your dream either.

By Tim Denning

ABOUT ADGE Africa

Adge Africa is an African Business Incubation organisation specializing in accelerating the growth and increasing the success rate of start-up and early stage Small and Medium Enterprises.

The Adge Africa Business incubator programme helps develop and support current and new entrepreneurs to start-up businesses and equip them for survival, longevity and growth as sustainable businesses....

FIND US AT
  • 43 Niven Road, Douglasdale, Johannesburg 2191, RSA
  • +2782 818 5344
  • info@adgeafrica.com

Adge Africa t/a BUA Technocomms (Pty) Ltd
Company Registration Number: 2015/ 086191/ 07

Newsletter

Visit Us On TwitterVisit Us On FacebookVisit Us On Instagram