Consistency!!

Consistency is key.

I always say that consistency beats commitment when commitment is not consistent.

We need to understand that people buy out of habit, people are so afraid of change that they always stick to what they know.

It is then crucial that as an entrepreneur you always avail your products when people want to buy something.

I know a lady that sells magwinya and she shows up twice a week, the clients always ask about her whereabouts and whenever she is around the clients start asking for the price, this is not well for the business, client trust is lost and people will even decide to buy something they can always find everyday.

We need to be consistent, in everything.

Innovate and Add value

Comments

Supply

Supply- supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object ( WikiPedia) I found this topic to be of great interest in a sense that one can be in and out of business because of a supplier. Demand and supply makes up the foundation of an economy. In business we can have an obstacle of a supplier. Recently I have halted selling a product due to a problem I had with a supplier. The supplier ran out of business and it was difficult to even find another supplier nearby. A supplier can increase prices meaning you also have to increase your prices. This seems simple but it tends to be difficult to maintain one’s clientele in such a situation. This problem of suppliers come with the risk of running a business, one must always be on the look...

Physical efforts

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

Failure

One thing I have been experiencing in my business is failure . This has been very difficult and as we know that most start ups fail in the first 5 years. However with all these adversities I am still consistent is everything I am doing. This year so far has been a complete failure. I am learning that a business is like a baby. you carry it for months, feed it, dress it, teach it to crawl and walk . Then you have to take baby steps with it. It is not over until the fat lady sings. Innovate and add Value

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