Rural Business

Accounting. It has come to my attention that most people do not keep a record of the transactions that take place everyday in their business. This is the biggest flaw in business. Busineses  should have at least a book where they write down where the money is coming from or where it is going. This is called financial statements . One has to know how much they receive on a daily basis, how much in a week and how much in a month.  Look you must know your finance like the palm of your hands. You must know days when business is less productive and days when business is booming. keeping  a book where you write these things helps with this information. Most of you do not have a budget for different reasons. But a budget shows estimated income and expenses and one must work towards achieve these figures. This is how you keep progress of your finances. Having done this it will help with future funding requirements, investors will want to see how much you kn...

Travelling  Business needs one to be open- minded and adventurous.  Traveling opens one's imagination and you get to experience different people, food,cultures and perspectives .   This can give one ideas about new things to add or change in the business. Make travelling a habit and find inspiration to be innovative.You can see something you never thought can be profitable and besides people like things. Travelling can also help you market your business and networking with other business minded people. You never know maybe you can meet your next biggest client, supplier or investor or an employee. Travel and develop that mind

Ignorance. People get to lose a lot of opportunities due to ignorance. When you are in business you need to be woke and knowledgable. Markets change and technology is making everything and everyone irrelevant. But if one is hard headed and think they know everything they will wind up like Nokia, Blackberry and Wal-Mart.We live in a era where information is everything and time the new currency. People must be open minded and this comes from exposing one's self to a gang of information and  I always emphasise the importance of reading. Can you start reading something related to what you are doing in your business. Find a similar business and see their strategies and learn how you can implement them in your business.  Being in business is not easy but you need to be awake at all times. Develop that mind.

Taking care of your health. When you are in business you are taking care of alot of things and people. One must be both mentally and physically fit to exercise such responsibility. Reading is an exercise for the mind and working out or running is for the body. Business is about trust and how do you trust someone who looks like they are about to give birth? That is unhealthy. Heath concerns me alot and people need to educate themselves about the kind of food they need to eat. A healthy individual will run a healthy business. Physically appearance is everything especially in the service sector. Therefore, be neat, healthy and fit. Exercising for an hour a day will make a whole difference in your life and your business. Develop that mind

Be in the know. Politics plays a major role in a country's economy. The stability of politics has an impact on the well-being of its people. As business people we must know and be involved in politics. I am not saying that we should be politicians but we must be inclined with the lasted news that affect our operations. As small businesses that are the future of South Africa, we must always be in the know. One must watch relevant TV channels, read business news and look at international markets.  Develop that mind.

Sales As we know that business is about what you are offering and also receiving more than what you spent. What is imperative in this case is how we present our offering in the market. In his book,  the art of Hustling DJ SBU talks about the importance of sales.  For us to get the most in our businesses we need to be able to make a sale.  It doesn't matter what your offering is as long as you are able to bring across your message and the other party is convinced and willing to make payment. But people in the rural areas do not see Sales as a skill that they should possess. Yes most people can make a sale but I am taking about a sale that doesn't need axillary components. One must approach more people to make more sales.  But we never want to do the work. When making a sale one should also close the sale. We should not be depended ona the 3 sales that we make but we must be able to convince the masses.   More on sales can be learned...