Skip to main content

How can we come back Post-Lockdown?


How can we come back Post-Lock down?

Alright so we are back on Venogroup, bringing you more insights on how to build and sustain businesses in the rural areas. No lies be told the past two years have been hard on everyone in the world. This is the time we are picking up the pieces and trying to build again. However the good news is that we are not starting from scratch, we have a foundation we have built before the pandemic. Again we have to be strategic in our come back because prices are high and people are not working.  There is no way you can increase prices with a high percentage. My biggest concern right now in business is that people do not afford certain things because of not having an income, yes most people do receive distress grant (R350) but that is only for basic needs. How then can people afford to buy our product? I mean we can have good branded products/services but most people may not afford them.

 In my search for answers I was introduced to Miprofile. MiProfile is a company that helps entrepreneurs with networking, having online presence and making money. There are so many opportunities within this company and we need to take our time and seek understanding and strategies on how we can best use it to our greatest advantage. I will be writing more on this company and how we can benefit from its services. For now I want us to engage on our come back.

So another important factor is the level of engagements and communication with our employees. How often do we have meetings for brainstorming how we can improve our services/products and hear new ideas, then have feedback meetings?

At this time we need more thinking and more strategic approaches. This applies to all type of businesses and any industry. Post the pandemic there are a lot of changes and we need to adjust and adapt. We need to have conversations about how can we drive innovation, how do we no longer use cash and use digital currency. Again in Miprofile we will learn about such changes.

This is the time to be serious about our own, driving change and innovation.

Innovate and add value.


Comments

Post a Comment

Popular posts from this blog

Understanding Financial Reports: A Guide for Business Owners

Financial reporting is a fundamental aspect of any business, large or small. It involves the creation and presentation of financial data that reflects the company's financial health, performance, and economic standing. While many people are familiar with the term “financial statements,” financial reporting encompasses more than just the end-of-year profit and loss figures.  What is Financial Reporting? At its core, financial reporting is the process of compiling and presenting financial data to provide a clear picture of a company’s operations and financial status. It includes a wide range of reports such as balance sheets, income statements, cash flow statements, and more. These reports help business leaders, investors, and other stakeholders make informed decisions about the company’s future. However, it’s important to note that financial reporting isn't just about creating these formal documents. It also involves ongoing tracking and recording of financial transactions to en...
Post a Comment
Read more

Target Market.

 Appealing to the target market. In the past week I have took it upon myself to understand my target market. I reached out to them and talked to them about how they would want to buy my products and to my surprise I got  answers I was not even thinking about. Then I realised that we entrepreneurs have a fancy way of saying who our targets are and how we will reach them but these ways are not really appealing to our targets. We have these strategies we want to implement but not appealing to the market. So I thought that I had it all figured out as to how I will market my business only to find that it doesn't work. So I had to reset, rethink and restructure everything. And again I have to constantly communicate with my targets if how I am doing suites their preference.  So for this week I challenge you to REALLY look at your target and if your strategies are working. Innovate and add value.
Post a Comment
Read more

Lets get started.

  Getting started again. So since we said we are starting afresh, where do we start exactly? My number one problem and I believe it is for most people is money.  We may have ideas on how to get started but the money we make in business can only cover certain things. What do we need then? More and more money? I don’t think so. We need to establish a relationship with money, we need to understand it and have discipline to keep it, because it is more about keeping it than making it.  But first we need to learn how to make it because we can’t keep what we don’t have.  I have come across a social Media platform where one can connect with other entrepreneurs and market their business. The interesting thing about this platform particularly is that whenever you use it, you get credits points which can be redeemable for Cash. This alone for me is worthy of all our attention. Basically we get paid to be on the platform. But now one can ask what this has to do with busine...
Post a Comment
Read more