The Big “F” of doing business 3

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In this series I have take a number of ‘F’ words and unpacked some lessons we can all learn from how to do business more effectively and efficiently.

The next set of ‘F’ words are Future Focus. Any business needs to have their sights firmly set on the future in relation to where they are going and how they will get there. Beginning with the end in mind gets one to the end faster. We facilitate a process with our clients whereby they have a constant eye on their futures through good goal setting, planning and mile stone measurement.

It is critical to keep the course of your business set on a single fixed point. I heard a story that a jet liner travelling across the Atlantic is off course 98% of the time. It is only through the hundreds of minor adjustments it make that it is able to get to its destination across the ocean. The same applies to ourselves and our businesses. We need to know the destination, then make daily adjustments to ensure that we remain true to our vision and arrive at our destination.

By |2016-11-01T10:20:44+02:00March 19th, 2013|Business Resources, EI Clients, Entrepreneurship|0 Comments

What do your Customers Demand?

Customers demand Faster, Better, Cheaper from retailers all the time. This triangle of demand drives businesses into the quadrant of red water competitiveness and the price wars start. Margins are cut, service is compromised and quality fails. Major retailers are good at this because they will never supper themselves, they just pass the pressure ball back to their suppliers and squeeze them into reducing costs without allowing them any room to move at the same time pushing prices up for the consumer. It is always the small guys who suffer and end up circling the drain.

So what is the answer? Escape the commodity trap and get out of this rat race to hell and bankruptcy. Blue Water Marketing, the art of creating a clean slate of client-centric service based on the experiential market. When you make a customer feel so good through how you offer them your service or product, price fades into the foggy distance.

What would be the top two most craved commodities in the world today? Some would say oil and food. Others would say safety and health. But actually what people crave most is Convenience and Experience above all else. Offer these to your customer first and your business will move swiftly out of the red water into the clear blue water of business growth.

For more details on these strategies join us for our webinars here

By |2016-11-01T10:20:45+02:00March 11th, 2013|Business Resources, EI Clients, Entrepreneurship|0 Comments

Webinars: are they the future of coaching?

This week at the Entrepreneur Incubator office we have been testing and running a number of sessions using various online applications to present our business coaching tools. It has been a long learning curve but I think we have found a good solution to the problems we faced.

This week we have spoken to many different business owners from both South Africa and abroad on the following topics:

Introduction to Webinars

10 things to do to get a business off the ground

Feasibility Assessment Tool

It has been a whole bunch of fun for us and from the positive feedback we have had, for our participants too. So could webinars be the coaching tool of the future? We thinks so, but online relationships through webinars and FB are not as real as we would like them to be, so we will still run the occasional live venue based workshop and our coaches will still see clients face to face and chat about real issues. But this has opened up doors for us to be able to reach far a wide across the world to entrepreneurs who are not fortunate enough to live in the beautiful Cape Town.

So, onward and upward. We have scheduled 3 new topics for next week:

Introduction to Entrepreneurship

Developing a 1 page business plan

The Business Opportunity Filter Tool

All not to be missed topics for the budding entrepreneur and business owner. Click here for more details and to register.

By |2016-11-01T10:20:45+02:00March 1st, 2013|EI Clients, Entrepreneurship|0 Comments

Mitigating Risks for a Start up

Back in the early days of running my own businesses, I just believed that if you came across an obstacle, all you needed to do was to work harder and a bit faster to overcome it, then move on to the next one. Well that worked for some of them but soon it became apparent that not all obstacles could be handled in the same way and not all obstacles could be overcome, some needed to be avoided.

So I set out to list all the various ways small emerging businesses fail and then began working on ways to avoid these. This formed the foundation to two tools that we use in the Entrepreneur Incubator now to assess and forewarn our clients to what could be lurking just around the corner. To learn more about these tools join us on one of our webinars or download the eBook with full details.

Our first tool, the Business Idea Filter, is a well used tool that is designed to assess in a non-emotional way any new business idea. A really easy to use and revealing tool. We have used this to decide not only on new business ideas but also on asset purchases such a vehicles, machinery as well as business partners and once even to assess a potential girlfriend for one of our clients.

The second tool is the Business Feasibility Assessment. This tool is based on the Porters 5 Forces Model, and allows any business owner to assess their current business, no matter what stage they are at, to see how feasible it is at that moment. This tool has proven to be a life and money saver as potential hot spots have been revealed that we have been able to either avoid or plan for well in advance.

These two tools will be discussed online during our regular webinars. During this one hour session we will go through the tool, discuss how it works, then send you the full eBook with the full tool for you to use over and over again in your business. Check out our scheduled Weninars here or just download them from our Toolbox here to read through at your own time.

Being a proactive business owner goes a long way to managing a profitable, more productive business.

By |2016-11-01T10:20:46+02:00February 26th, 2013|Business Resources, EI Clients, Entrepreneurship|0 Comments

Online Coaching for all

The Entrepreneur Incubator has retooled some of our offerings and we are now able to offer coaching, education and support for Entrepreneurs across the globe online at a massively low cost.
Our webinars (online seminars) will be offered on a regular basis with up to 3 presented each week. These together with eBooks and downloadable notes and videos we aim to reach a wider audience of emerging business owners at a more affordable cost.
Our FREE webinars will be run weekly and cover topics of a general nature that will assist people to gear themselves up to start a business then moving on to our paid-for webinars that offer more meat and fat to develop both you and your business.
Check out our offering each week here and signup for the next online course that could just give you that boost you need in business.

Our FREE webinars will be run weekly and cover topics of a general nature that will assist people to gear themselves up to start a business then moving on to our paid-for webinars that offer more meat and fat to develop both you and your business.

Check out our offering each week here and signup for the next online course that could just give you that boost you need in business.

By |2013-02-24T14:33:28+02:00February 24th, 2013|EI Clients, Entrepreneurship|0 Comments
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