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Category: Strategy

A Look Into A Businesswoman’s Mind

A Look Into A Businesswoman’s Mind

A businesswoman is bold, resourceful and resilient. We need to overcome several biases over and above the normal challenges of entrepreneurship. A businesswoman needs to work harder and smarter to get ahead. It is not fair but we do this and are even successful. As a businesswoman, it is important to be knowledgeable about how to run your business. You must be the vision carrier. Finance, Branding, Marketing, Human Resource, Strategy and Networking are all on your Things To Do…

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Manage your Business Financial Health

Manage your Business Financial Health

On 4th May 2019 Mpower Limited held a financial talk by George Wanyonyi  and Priya Chana of Equity Bank. They provided valuable insights on how to manage and access finance/money. They provided insights on Planning, Forecasting, Budgeting, Costing, Borrowing/Leveraging, Insure, Tax, Credit Rating, Negotiating and choosing the correct financial solution. Money Money is a core asset for any business to operate, after all, CASH IS KING. On advancing cash, they provided insight that the financier considers; Ability to Pay Integrity…

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CONTRACT: CONTRACTS ARE NECESSARY FOR SMALL BUSINESS

CONTRACT: CONTRACTS ARE NECESSARY FOR SMALL BUSINESS

Watching America’s Court, People’s court and Judge Judy on TV the majority of claims are lost because there was no CONTRACT. Further, the Contract did not have all the terms intended. Even between friends and family members every exchange of money or obligations is reduced to some sort of a contract. Local business especially SME’s do not seem to understand that importance of CONTRACT in their business. Many businesses are based on oral agreement or contracts by conduct (performance). Terms…

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OPPORTUNITY-KENYA’S BIG FOUR AGENDA AND YOUR BUSINESS?

OPPORTUNITY-KENYA’S BIG FOUR AGENDA AND YOUR BUSINESS?

President Uhuru of Kenya in his second term in office has a plan for Kenya for the next five years. His plan is to focus on 4 deliverables commonly referred to as BIG FOUR. MANUFACTURING AFFORDABLE HOUSING FOOD SECURITY AFFORDABLE HEALTH CARE This will be the priority spending areas for the government for the next five years. It is expected that the government will have incentives to attract realisation of the BIG FOUR. WHAT DOES THIS MEAN FOR A BUSINESS…

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BUSINESS: HELP MY BUSINESS IS FAILING. HOW DID I GET HERE? WHAT DO I DO?

BUSINESS: HELP MY BUSINESS IS FAILING. HOW DID I GET HERE? WHAT DO I DO?

The journey of a business person is like a roller coaster ride on steroids. Many people say entrepreneurs are a special group of crazy people because they stick to something and expose themselves to risks and don’t give up despite the odds. Every entrepreneur will tell you their low points when they asked themselves; Is this business really worth it? Can I survive this? What if I just leave this madness? The low point of entrepreneurs can come; When setting…

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COMMUNICATION: HOW TO GET YOUR TEAM AND CUSTOMERS FULFILLING YOUR GOALS

COMMUNICATION: HOW TO GET YOUR TEAM AND CUSTOMERS FULFILLING YOUR GOALS

As a business person, I cannot run my business alone. I need some people on my team to help complete tasks to achieve our goal and vision. I need to communicate with my team to ensure that they are on the same page as me and we are all pulling together. Communication needs to end in an action. I also need to communicate with my customer to ensure that I fulfil their needs for my business to make profit. Lack…

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ENTREPRENUER: ARE EMPLOYEES REALLY THE MOST IMPORTANT ASSET IN YOUR BUSINESS?

ENTREPRENUER: ARE EMPLOYEES REALLY THE MOST IMPORTANT ASSET IN YOUR BUSINESS?

  Some time back, the Customer was most important to your business. Marketing was most important to your business.  Now, the Employee is the most important. Is this real or just a buzz line that will soon fade? As a business person what is important to your business (in no particular order) Market Strategy Structure- operations, accounts, marketing (customer service and PR), Human resource, Profits (The product or service is not important to a Business person only PROFITS!) All these…

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CONFLICT IN BUSINESS: WHAT CAUSES CONFLICT? HOW CAN YOU MANAGE IT?

CONFLICT IN BUSINESS: WHAT CAUSES CONFLICT? HOW CAN YOU MANAGE IT?

  Conflict is any disagreement, where parties feel anger and blame each other the result is they cannot progress. These occur often in any relationship especially business relationships as the business environment is high pressure and high stakes. Conflict can occur with co-workers, customers, suppliers, service providers, financiers, government, regulator; generally everyone in the business ecosystem. Can you imagine having to change suppliers and co-workers every time a disagreement occurs? The time and money spent to build the relationship will…

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IT’S ALMOST 2018, WHAT ARE YOUR GOALS FOR THE NEW YEAR?

IT’S ALMOST 2018, WHAT ARE YOUR GOALS FOR THE NEW YEAR?

Christmas was great; giving and sharing with family and friends, sending messages of gratitude and best wishes to our colleagues, customers and friends. As the new year beckons and the festive season comes to a close, it’s time to think and reflect about the New Year.   Those who attended our Mpower Seminar on “ How To Make Your Business Ready to Make Money in 2018” are ready with their Business Model Canvas that sets out WHO ARE YOUR CUSTOMERS,…

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PPRA: How To Make A Successful Procurement and AGPO Bid

PPRA: How To Make A Successful Procurement and AGPO Bid

During the Mpower Seminar “How To make Your Business Ready To Make Money In 2018”  on 8th December 2017 we were privileged to have Jonathan Ekem of PPRA (Public Procurement Regulation Authority (www.ppoa.go.ke)) who guided us through how to make a successful bid and what makes bidders fail. Procurement is a highly regulated area that is governed by the Public Procurement and Asset Disposal Act, 2015. The PPRA provides oversight over all procurement processes and handles any complaints or irregularities…

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