Law three: The law of continuous learning

 

Law three: The law of continuous learning

Carl Bates writes in his book The Laws of Extreme Business Success about the 12 laws of business success. The third law is one we take very seriously, learning and personal development. Simply put, we need to learn every day to keep ahead in our game. The law states:

Extreme business success can only occur in an environment of continuous learning and improvement, both on personal and professional levels. Challenges create growth, and missteps are often opportunities to take your business to the next level. Believing that you have all the answers is a sure-fire way to sabotage your journey to success. A key aspect of success is recognising the role and importance of experts who can guide you along the way. Ultimately, it is about creating a culture of continuous improvement within your enterprise.

This book and others from Carl Bates are available here

By |2016-11-01T10:20:24+02:00July 6th, 2015|Business Resources, Entrepreneurship|0 Comments

Law Two: The law of the shareholder wealth creation

 

Law Two: The law of the shareholder wealth creation

Carl Bates writes in his book The Laws of Extreme Business Success about the 12 laws of business success. The second law looks at the shareholder issue and how we treat our own investment differently to that of others we have put our money into. The law states:

Extreme business success requires you to treat your investment in the same manner that you would treat an investment in any other company. This means that you have to know what your business is worth, what dividends you are receiving, and whether the future dividend prospects are justifying your retention of, and potential further investment into, your own investment in your own business. Extreme business success can only occur if the board and management team of your business are focusing on activities that grow shareholder wealth.

This book and others from Carl Bates are available here

By |2015-06-30T14:11:13+02:00June 30th, 2015|Business Resources, Entrepreneurship|0 Comments

The Law of extreme Ego

The Laws of Extreme Business SuccessLaw One: The Law of extreme Ego

Carl Bates writes in his book The Laws of Extreme Business Success about the 12 laws of business success. The first of these takes a look at what we see the most of, the Ego trap of the Entrepreneur. This has to be the number one reason why a lot of businesses never get going or are stunted in their growth. The law states:

Extreme business success requires us to recognise that a business is more about than the personalities within it. It is about the purpose it promises. In business, we draw an important distinction between a craft and an enterprise. The existence of a craft depends on the active involvement of the owner because they represent the expertise required to keep the business going. An enterprise is a business with a promise and a structure that makes it sustainable beyond the person who funded or operated it. When you hold on to being a craftsman and making it all about yourself, you lose the game. To achieve success, you must move your passion from practising your craft to creating an enterprise and understanding that the enterprise is separate from you. This law therefore teaches you to keep your ego in check and in balance.

This book and others from Carl Bates are available here

By |2016-11-01T10:20:24+02:00June 22nd, 2015|Business Resources, Entrepreneurship|0 Comments

The Laws of Extreme Business Success

The Laws of Extreme Business SuccessIn his book The Laws of Extreme Business Success, Carl Bates writes about the 12 laws that any small ‘craft’ business needs to abide by in order to develop into a sustainable income generating business enterprise. This type of business no longer needs to rely on the owner as the primary source of income or wisdom to be sustainable. So what are these laws and how can they be implemented into your business? We will unpack these over the next few weeks and give you our insight into each law.

To get you started, here are the laws Carl refers to:

  • Law one: The law of extreme ego
  • Law two: The law of the shareholder wealth creation
  • Law three: The law of continuous learning
  • Law four: The law of family
  • Law five: The law of business as a game
  • Law six: The law of rhythm
  • Law seven: The law of effective teams
  • Law eight: The law of the three hats.
  • Law nine: The law of vision
  • Law ten: The law of leadership
  • Law eleven: The law of transactional giving
  • Law twelve: The law of resolution

This book and others from Carl Bates are available here

By |2016-11-01T10:20:24+02:00June 15th, 2015|Business Resources, Entrepreneurship|0 Comments

10 Rules for Successful Startups

If we could reduce all the coaching and education down to a list of 10 simple statements: this is what they would look like;

  1. Don’t wait for a revolutionary idea. It will never happen. Just focus on a simple, exciting, empty space and execute as fast as possible
  2. Share your idea. The more you share, the more you get advice and the more you learn. Meet and talk to your competitors.
  3. Build a community. Use blogging and social software to make sure people hear about you.
  4. Listen to your community. Answer questions and build your product with their feedback.
  5. Gather a great team. Select those with very different skills from you. Look for people who are better than you.
  6. Be the first to recognise a problem. Everyone makes mistakes. Address the issue in public, learn about and correct it.
  7. Don’t spend time on market research. Launch test versions as early as possible. Keep improving the product in the open.
  8. Don’t obsess over spreadsheet business plans. They are not going to turn out as you predict, in any case.
  9. Don’t plan a big marketing effort. It’s much more important and powerful that your community loves the product.
  10. Don’t focus on getting rich. Focus on your users. Money is a consequence of success, not a goal.
By |2016-11-01T10:20:25+02:00May 26th, 2015|Entrepreneurship|1 Comment

Words to NOT use in Meetings

We all sit in meetings discussing topics of different interests and so often it is hard to keep awake and focused on what is actually going on. A lot of times I start watching others in the room and reading their body language as they struggle with the same issues. This can be a fun exercise, but remember to keep one eye and ear on what is happening so you don’t lose contact and be unable to answer a question that may come your way.

But my pet hate are those little phrases that come up all the time from people who think they are smarter just because they have found a way to work them into a question or sentence they spent hours constructing. Here are some of them. Which are yours?

  • At the end of the day
  • Back to the drawing board
  • Hit the ground running
  • Get the ball rolling
  • Low-hanging fruit
  • Throw under the bus
  • Think outside the box
  • Let’s touch base
  • Get my manager’s blessing
  • It’s on my radar
  • Ping me
  • I don’t have the bandwidth
  • No brainer
  • Par for the course
  • Bang for your buck
  • Synergy
  • Move the goal post
  • Apples to apples
  • Win-win
  • Circle back around
  • All hands on deck
  • Take this offline
  • Drill-down
  • Elephant in the room
  • On my plate

 

By |2015-05-21T15:48:01+02:00May 21st, 2015|Entrepreneurship, Leadership|1 Comment

Graduate and can’t find a job? Well, there is another way.

Unemployed graduateSouth Africa’s youth population is not only growing rapidly – it is also getting more and more educated.
A recent report by the Institute of Race Relations revealed that the proportion of South African youth aged 20 and above with post school education has almost doubled from 3.7% to 6.9%, while the headcount figures for those enrolled in higher education has almost doubled since 1995.

Most young people have qualifications in different fields of study, yet most companies cannot hire them because of the inevitable barrier of  lack of experience.
The youth have every prerequisite for success in the job market and are yearning for opportunities to not only earn a living but to contribute to the country’s economic growth.
But the corporate world still does not trust them enough to give them a chance to succeed and prove themselves merely because they do not have experience.

While the statistics for education and skills development as far as youth are concerned have improved, this seems to have no effect on the employment rate.

A better-equipped youth in terms of education is not necessarily guaranteed a job.

Well, it looks like the solution might well be entrepreneurship.

With times having evolved from the time when a young graduate’s next logical route was only to become a job seeker (and hopefully a job finder) to now being a potential job creator by becoming an entrepreneur, it is time for business owners and government to invest greatly in entrepreneurship programs and start-up incubators for aspiring entrepreneurs.

The future looks slightly brighter for those who want to create and help others create new jobs.

However, the level of success that one can attain as an entrepreneur is dependent on the measure of support they get. Entrepreneurs who get as much support as possible tend to become more successful.

We, the Entrepreneur Incubator and Academy offer such support. We offer business training and mentorship to budding and established entrepreneurs alike.  Click here for more information.
We are focused on developing entrepreneurs and businesses by providing top quality services and tools to enable sustainable growth in business communities.

As Rod Conway says, “Any time is a good time to start a company”. Just know that whenever you are ready to embark on a journey to entrepreneurship, we will be there for you, holding your hand until you are ready to stand on your own.

By |2016-11-01T10:20:25+02:00March 27th, 2015|Entrepreneurship|0 Comments

Entrepreneur Incubator, World Academy and Spice4Life take online education by storm

The reputable Entrepreneur Incubator and Academy (EI), which offers online education, has joined forces with two other top companies in a strategic partnership geared towards enhancing the online education sphere in South Africa.

With the world and everything in the day to day life constantly evolving, technology has made life easier at so many levels.

It is this quick evolution of technology that has not only led to the necessity for people to continue educating themselves in this fast-moving world, but has also made online learning a preferable option of acquiring education.

The Entrepreneur Incubator and Academy (EI), a company founded by Bruce Wade in 2010, is one of the few that offers, among other things, this incredible way of learning – online education. The aim of this micro-learning methodology is to teach the critical skills for today’s fast-moving life in an easier and accessible way.

Michelle and BruceTo enhance the already much sought after services it renders; EI recently launched a significant collaboration with two successful companies that have the same focus. The World Academy and SPICE4LIFE have joined forces with EI in a bid to present innovative learning and new approaches on how to best manage and develop online distance courses and programmes.

This incredible partnership was launched on Thursday 12 March 2015, at the EI offices in Woodstock, Cape Town.

EI’s Bruce regarded the newly formed alliance as a significant development that would lead to the services rendered by the company being augmented for the benefit of the target market. In an interview following the launch, Bruce explained how crucial it was to have formed a partnership with both the World Academy and SPICE4LIFE, which both bring into the partnership equally valuable expertise and experience in online learning.

“It is important to always look into ways to consistently enhance what we are doing so that we can not only stay relevant but also in order to be able to keep up with the constant changes in the world around us. As an online learning platform, we have always taken the lead and have not shied away from embracing new ways of doing things.

“This new partnership with the World Academy and SPICE4LIFE will certainly take us to new heights and we are looking forward to impact the online learning environment together with the two new partners,” said Bruce.

Omar and SuzanneWorld Academy is an Australia-based company that was founded by Omar Anzur, a former banker.  In his presentation during the launch, Omar explained how his move to establish World Academy was expected to ripple into people getting a platform to develop themselves further through online education.

“I founded World Academy after seeing the power of education technology to empower people around the world to learn and fulfil their potential,” said Omar.

For Omar, this is not only about making money but about making an impact in other people’s lives by making quality education easily accessible and convenient for them. The ultimate aim, Omar said, would be to see as many people as possible having access to education.

“I dream of a world where everybody can access high quality education,” he said.

Omar runs World Academy together with his wife Suzanne Clarke, an accountant, who is equally passionate about empowering and making a difference in people’s lives. Her motto in life is “Each one of us can make a difference. Together we can make a change.”

Making a difference in people’s lives is the common denominator that drives both Omar and Suzanne, and the partnership with EI has seen them being in good company as Wade shares the exact sentiments.

The couple was in South Africa on one of their many business trips, which included attending the launch in Woodstock.

The third partner in this dynamic trio of companies that are set to revolutionise the online learning experience for many South Africans, SPICE4LIFE, also brings great advantages into the picture.

SPICE4LIFE’s founder and CEO Michelle Korevaar, a marketer by trade, is passionate about connecting, informing, and inspiring women in South Africa and the rest of the continent through what she calls “edutainment”.

Her company offers entrepreneurs and communities an opportunity to have a voice and grow their online reputation. The company is not only concerned about providing a platform for online education but it also seeks to ensure that the learning occurs in an entertaining way.

The uppermost objective for Michelle is to make a difference in people’s lives, particularly in the lives of women.

“We have made it our mission not to conform to what will pay the rent, but what will leave a legacy in the hearts of the women who visited our space. The needs of the women come first,” said Michelle in her presentation.

These three companies will work together to implement unique learning opportunities brought by online education technologies. Their passion lies in the developing countries of Africa.

TeamThough they are still operating locally (in South Africa) at the moment, they are looking into expanding and spreading their business throughout the continent. In a few months’ time, they are set to expand their footprint and start similar operations in other parts of the African continent that is in need of such online learning platforms.

The expansion into Africa would provide the three companies with yet another opportunity to fulfil their objective of making a difference in people’s lives as previous research has revealed that a large number of people, particularly those in sub Saharan Africa, have limited access to opportunities for further learning.

The relationship between the three companies started when SPICE4LIFE’s Michelle, who already knew Bruce, met Omar a while ago. Omar told Michelle about e-learning, which is something that interested her and she then introduced Omar to Bruce in a small move that could mark the start of bigger things.

Given their common interests, the three business people then decided to collaborate through their companies since they all are passionate about educating people through the online route.

 

By |2016-11-01T10:20:26+02:00March 17th, 2015|EI Videos, Entrepreneurship, Marketing|1 Comment

Is your business in need of some rescue?

business rescue

I am an old yachtie person. Ever since I was 3 years old, I have been playing on boats of some kind. From sailing on lakes and dams to ocean racing and regattas around the world. With a huge amount of success, failure has also come many times. I have been stranded on mud banks and reefs, caught in storms, lost masts, capsized and almost sunk twice. The services of the NSRI have saved me and my fellow crew members on a number of occasions. That is why, to this day, I will always support them through fund raising and donations. You just never know when you may need them again.
Similar to yachts, all businesses at one time or another need some form of rescue. It may just be a short tow off the reef of short cash flow or a full scale rescue from sinking into oblivion. Where is your business today?
We are putting together a one day Business Rescue workshop that will put you and your business through a number of strategic assessments to help diagnose where it needs some attention to avoid failure and potential disaster. We assess all aspects of the business from staffing, job descriptions, accountability to processes, product alignment, customer services and of course finances.
Question: What aspect of business do you think causes failure above all else? We would love to hear from you.

By |2016-11-01T10:20:28+02:00March 2nd, 2015|Entrepreneurship|0 Comments

Never Lose Balance

scooter 2
Riding a scooter in traffic and the wind is a challenge that very few get right. Mastering the skill of riding between cars, trucks and taxis whilst being blasted by our southeaster wind takes time, practice and skill to perfect.
So what has this got to do with Entrepreneurship? Balance is key to being a successful business owner. Finding time to work in, on and out of the business requires good planning and often an accountability partner. All this whilst being blasted by customer agendas, business maintenance, staff issues and compliance chaos often resulting in us getting off track and losing balance.
Here are some tips that I have learnt from the scooter that can be applied in business.
Never come to a gradual stop and coast up to a destination. In business drive as hard as you can to get to the point you need. Once there stop, access and move on to the next agenda. Slowing down will find you losing focus and balance.
When stopped, plan for the next move. At a stop on the bike it is essential to line up toward the next destination, looking ahead for any obstacles and define your path to avoid obstacles. Taking time to plan your next business move is critical. Look ahead and plan for any known issues or obstacles that may be in your way. Having a contingency plan B or C and maybe D is just good project management. Make sure you and your team are all pointed in the right direction before you set off.
Balance on a windy day in Cape Town traffic is hard work as you are blown from lane to lane between trucks and buildings. In our business opportunities and issues arrive on a regular cycle. All these need to be assessed and decisions made as to take action or go with the flow. Experience will teach you when to lean into an issue to avoid being blow off course and when to go with the flow that will change lanes to better business opportunities.
Think bike, think business.

By |2016-11-01T10:20:28+02:00January 29th, 2015|Entrepreneurship|0 Comments
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