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MOTIVATION

FULL OF GRACE AND TRUTH

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An the word was made flesh,  and dwelt among us, (and we beheld His glory, the glory as of the only begotten of the Father,) full of grace and truth ( John 1: 14)

As children of God, we are also full of grace and truth because the bible says that “as He is, so are we in this world”. Grace means extra strength and unmerited favour. Truth is God’s word. Grace and truth gives us the urge in the affairs of this life and we become blessings to people. Let us be conscious of this and we shall always win!

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Categories
MOTIVATION

HIS WORD BUILDS US UP

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And now, brethren, I commend you to God, and to the word of his grace, which is able to build you up, and to give you an inheritance among all them which are sanctified (Acts 20:32).

God’s word develops the child of God in all areas of endeavor and brings him/her to a position of influence. In the position of influence, remember to be a blessing to His other children and help in reaching more people with the Gospel. Continue to build your life on the word of God!

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Categories
BUSINESS

5 MAJOR TIPS FOR YOU BEFORE YOU START YOUR BUSINESS

Free-Money4Starting your own business is always time consuming and a bit difficult. The 5 major tips for you before you start your business is discussed below.

Be committed to the business because anything you are committed to is likely to succeed. You may have to forgo or reschedule some cherished holidays in order to make time for your business. At the inception of the business, you are likely to make some lapses but once you are committed, resolving these lapses become a bit easier. In some cases, you may have to also forgo your salary but ensure that the salaries of other employees are paid timely.

Secondly, you should have the drive, discipline and determination to make the business successful. Implementing some things may not work initially but that does not mean that you have to give up. You got to try other means to achieve the desired results. When you plan to do something that will help the business grow, be disciplined to ensure that it is done. If you have staff, motivate them to also develop drive, be disciplined and determined to support the business to grow.

Develop your mind in the business area you intend to go in. Having the start-up capital alone does not guarantee a successful business.  Acquire some knowledge in the business area of choice through reading of books, downloading and watching videos on the internet, attending some essential short courses. The length of time spent in acquiring knowledge may not be too important but the quality of information being accessed is what matters. You should be certain on your ability to manage some aspects of the business and engage outside hands to manage the areas you cannot handle.        

Get start-up capital for your business. New businesses take some time to start making some reasonable returns on investment, however, during this time, you will be paying salaries, rent, power, depreciation and other running costs. Therefore, the business must make arrangement for all these expenditures and anticipate that at the appropriate time, as specified in the business plan, profit will be accruing. The start-up capital may come from your own pocket or from the bank or from relatives. If the start-up capital is coming from bank or relatives, it must be properly documented in official agreements including the payback period.

Finally, you got to look for support from within – that is, from your home. It is said that most successful businesses are as a result of supportive spouses. Your spouse may provide some of the start-up capital without interest. During the establishment stage, he or she may also work for the business without receiving salary and this helps to reduce the expenditure of the business. In addition to these helps from spouses, they also exhibit emotional support and love which go a long way to help the business grow.  

credit to ‘fanpop’ for above picture.

Categories
BUSINESS

WHICH BUSINESS SHOULD I CHOOSE?

 

Once you are sure that you want to set up your own business, the next critical question to consider is ‘which business should I choose?’ Several options exist and even makes it difficult to settle on one. Also, some businesses such as the pharmaceuticals, medical laboratory science etc. require large investment capital and or technical knowledge to commence. On the other hand, businesses dealing with food products, imports/exports may not require large investment capital and or technical knowledge.

The old-fashioned approach of choosing a business prescribes the following process:

 -You first select the business area of interest

-Carry out research in that business area including the models available. The research will usually reveal the areas of need which can become potential business areas. Your research should assess the level of competition.

-An initial business plan is then developed, reviewed and finalized.

-The question of “How much fund you will need to commence the business” has to be answered.

-Depending of the amount of funds required, you may seek for external support.

-Commence the business.

This approach is time consuming and you may even regret spending enormous time and money researching into something that had proved to be not worthwhile, however, you would have saved yourself from a big future mess in trying to establish such a business.

The second approach, which is not time consuming, is to start doing what solves the needs of people and love what you do. This approach is a departure from the popular theory of doing what you love and money will follow.  

These two approaches should not be seen as mutually exclusive from each other. These two can be combined in a way that will minimize cost and yield the best result in determining the business area to go into.

All said and done, it is always better to start with an idea and build on it. Business ideas can come from:

-what you are very passionate about and can be a source of solving the needs of society.

-through inspiration. A thought can drop on your mind and may be the source of your future salary.

-you can also get an idea through observation of your environment to identify needs.

-you can also get an idea through already existing business operations. You may replicate this business idea in other locations that have not been covered by the existing business. A business idea is what gives birth to a business.