We are all in the same mind frame at this time of the year. We are all taking stock of how we did in the year that was and how we shall do things differently. Here is what we went through the year that was 2014. Sending: proposals to everyone and anyone. In retrospect maybe … Continue reading Taking Stock
I had promised a post on growth in the First Inteco Employee post and here it is!!! We all want to grow in our personal, academic and professional lives. Business is no different. We have established that growth is essential, if you do not grow you are dying. As a result business owners push to expand by … Continue reading #12 WHEN TO GROW IN BUSINESS
I have heard a lot of shares of No. I am ok with No. No simply means that we are saying No to your approach. It does not mean that it is the end of the world. Earlier on I got a lot of Nos because my proposal was not written right. So to save … Continue reading #11 FACING THE WORLD
We have finished with the business plan. I now hope you have a better understanding of what some of the elements require you to think about. You can always search how to layout your business plan. The information is widely available. I did not bother to put it here because it has been discussed a … Continue reading #10 ONLINE PURCHASING
It would be foolish to start a business and think that things will flow smoothly. It just never happens. It is important to have an idea of what difficulties lay ahead of you. For example if I projected that Inteco would be chunning 100 sanitary pads a day but that doesn’t happen. What shall … Continue reading #9 THE RISK
I do not know about you but costing was very difficult for me. Inteco’s financial projections were very depressing. Costing is unfortunately a necessary evil. It allows you to know to the last shilling how much you will need. I was very ambitious at the beginning. I wanted a lot of machines all at once. … Continue reading #8 COSTING
We have tackled your core product and service, your audience, your competition and value proposition. All this is usually encapsulated in marketing. The next natural progression is how you will deliver your service or product. Inteco is currently refining its operations. We are defining how we do things especially eternally. If you are completely starting … Continue reading #7 Delivery
The approach I am using so far is based on my experiences. The academic books shall give you a different approach however, I feel that they lack depth. Unless you read supplementary books you may not get your money’s worth although it is a very good starting point. With that said I read a VERY … Continue reading #6 SO WHAT?
Ideas are not unique. Everyone has them. Your business idea is been thought of by me, your friends, people in another town etc. We are your competitors. However, we may seem to all be your competition but we are not. It is important to clearly define your competition. Why? Let us use Inteco to illustrate. … Continue reading #5 WHO ARE YOUR COMPETITORS?