Successful entrepreneurs seem so……… well, successful? When we look at how well they have done, we wonder why we haven’t yet discovered our ‘million dollar idea’ that will place us in their ranks. After all, who doesn’t want to be the next Steve Jobs or Bill Gates? We all want to succeed although our definition of success differs from person to person. Read More
“Coaching is unlocking a person’s potential to maximise their performance; helping them to learn rather than teaching them.”
~Sir John Whitmore
How do professionals get better at what they do?
How do professionals become great?Read More
While African cities are growing rapidly in population, they are developing informally as current urban planning has proven to be ineffective, and private development is often deterred by opaque or inappropriate regulations.Read More
The Africa rising narrative may have been dampened by political turmoil and depressed commodity prices, but the economic potential of African countries is incomparable. Africa is emerging as a high growth region, with a rapidly increasing population, opportunities for innovation and a developing market.
Africa is made up of 54 sovereign states, each with their own ecosystem, culture and languages. Contrary to popular belief, Africa is not a large single country or a single market, each sovereign state’s economy is diverse.
As a result of the socio-economic growth, political stability in most African countries, improved educational programs and highly educated professionals; there has been a rise of multi-national organisations wanting to expand into the continent. However, many corporations expand their businesses into the continent without an in-depth understanding of local market dynamics. It is important to understand the different risks in the different African countries. A business looking to expand onto the continent needs to understand the Infrastructure, communications network, political environment, governance requirements, financial issues, economic issues, cultural setting, and a number of other factors in determining how to approach their target market.
Market understanding is key. Even Africa based companies need a comprehensive analysis before undertaking an expansion project into another African country. Adge Africa Risk Solutions understand the nuances and complexities of cross border expansion. Our team is equipped to provide advisory services for organisations wishing to expand into Kenya, Malawi, Mozambique, South Africa, Tanzania, Uganda, Zambia and Zimbabwe. Contact us on firstname.lastname@example.org for research, analysis and competitive intelligence on selected African countries.
Our team is able to conduct country research in the native languages in certain countries and within their sociocultural context.
We will help you manage the risks of expansion into other countries!
What’s your reason for getting up in the morning? Just trying to answer such a big question might make you want to crawl back into bed. If it does, the Japanese concept of ikigai could help. Originating from a country with one of the world’s oldest populations, the idea is becoming popular outside of Japan as a way to live longer and better.Read More
A recent study by consulting firm PwC found that 53% of full-time employed adults in the US are stressed about their finances, far ahead of their jobs (17%), personal relationships (15%) and health (14%).Read More
People are using the word “agile” more and more during these years. What does it mean exactly?
Agility is the ability to act quickly and with economy of effort in accurate response to change and also to initiate change for business advantage, says Paul Allen.
But if we translate this sentence into an ordinary language, agility represents the ability to respond fast to unexpected situations, and to keep your mind open to new things. Moreover, it would practically mean that all entrepreneurs should be agile in order for their business to succeed.
How do you become an agile entrepreneur?Read More
If you really want to be successful in your business there are two essential traits that you must embody: Consistency and Persistence.
The problem with overnight successes that we see on TV and read about in the newspapers, is that they are so rare! That’s why we hear about them. And truth be told, it’s never normally overnight. So many celebrities and people of note have quoted that it often took them 10 or 20 years to become an “overnight” success.
Don’t kid yourself.Read More
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.