‪Ye!‬ Community activity stream

How often should a business conduct risk assessment? How can a company measure risk? Risk is defined as a situation involving exposure to danger. The frequency of conducting risk assessment varies depending on the size and complexity of business. Also, risk has various components i.e. political risk, market risk, credit risk etc. The best approach is to layout the risks your business is facing into clearly identified categories. Most large companies use an "Enterprise Risk Management" (ERM) framework. Here is a link to that framework: https://www.coso.org/Documents/COSO-ERM-Executive-Summary.pdf

Comments

  1. this is very helpful. thank you

Please register to comment on this post

Register
How start up can build network with entrepreneurs,as some do not accept online networking unless in person?

Comments

  1. Persistence is key. You can find contacts online and then build a conversation that allows you to meet them in person. Often, immediate friends, family and past colleagues have great suggestions on people they know,. In short, talk to as many people in a day as you can either online or from your own network . i call it inorganic and organic networking.

Please register to comment on this post

Register
I want to work smarter and more efficiently. Can you share some productivity tools you use or like? Or strategies for streamlining business? Thank you

Comments

  1. Every day, i wake up and meditate. That will help you feel fresh and focus. Also, go through the items on your to do list that are pending from the previous day. Second, try to create a short to-do list. The longer the list the less focused you will be. Think of the top 5 things you want to achieve in the day. I use apps such as Any.Do and Evernote to take notes.

    To streamline your business, consolidate your business around core competencies i.e. things you are absolutely great at. Those will be the cash cows. Do not have too many lines of business without any need or value to society. Roughly speaking, you should have one revenue line for each expense that generates more money than every expense line. It is common sense then, you will soon be creating capital

Please register to comment on this post

Register
Hope All of You Are Having a Lovely Day So Far. My name is Abhishek and I am your coach for the hour. By way of introduction, I work at Citibank within its retail banking business. Feel free to ask any pressing questions you have about your business.

Comments

Show earlier comments
  1. This comment has been removed by the author

  2. Good having you sir. One of my main business challenge is to get clients who need my services to pay for the service. Most at times clients try to create personal relationships to dodge away from paying for a service. How can I overcome this as an entrepreneur in a service business?

  3. The answer lies in demonstrating value that your clients understand. Today, very few clients will pay for services such as consulting only if they see an impact on revenue or profits. You will have to create testimonials to demonstrate the value of your services.

  4. This comment has been removed by the author

  5. Thanks Sir. Value is imperative for any business. Is it advisable to continue business in an environment where clients recognize and acknowledge value but don’t have the capacity to pay? What are the key things that a young entrepreneur in a service related business should consider in an environment that is not enabling? Because quitters never win and winners never quits despite the hurdles.

Please register to comment on this post

Register
Profile picture of Claire Sterngold

Claire Sterngold

Ye! Community Coordinator

https://youtu.be/SB81h2iW7Aw
Ye! video

Comments

Please register to comment on this post

Register
The entrepreneurial ecosystem in Cameroon is changing.

Ye! Country Ambassador for Cameroon met with 12 years old Ismael, a young entrepreneur who has been into tailoring for over 1 year. Ismael is in the process to launch his clothing line “Mael Clothings”. Ismael currently blends African and Western fabrics to design clothes for kids and he has a kid model.

Though he is still under 16, Country Ambassador for Cameroon #DesmundEgbe is mentoring, coaching and providing Ismael with necessary support to boost his entrepreneurial journey.

https://m.facebook.com/story.php?story_fbid=1962474707334605&id=1959739707608105

Comments

Please register to comment on this post

Register
Profile picture of Ye! Community

Ye! Community

Ye! Community

https://youtu.be/u2g95FDOLWA

Join this Ye! entrepreneur's campaign to bring healthy food to youth in need!
The Hungry 100

Comments

  1. Juan Carlos

    Juan Carlos

    cool!

  2. Claire Sterngold

    Claire Sterngold

    Ye! Community Coordinator

    lean more about the campaign at https://freshbox.co.za/hungry-100

Please register to comment on this post

Register
Profile picture of Ye! Community

Ye! Community

Ye! Community

Good morning Entrepreneurs!
Check out these awesome articles on how to raise your networking game!
https://yecommunity.com/en/blog/best-of-the-web-12

Comments

Please register to comment on this post

Register
Hi, I'm looking for a list of some early stage angel investors, seed investors & accelerators in Africa with their contact details.

Any help please?

Comments

Show earlier comments
  1. By the way, you could also go to our Country Guides at the end of the page!

  2. Thank you very much Abraham.
    You've been most helpful.

  3. Hi Waihiga,
    You can also head to our list of coaches and see if any of them can help with your funding needs through their networks, or their connections to accelerators or hubs. Make sure to structure your questions and come with your needs written down to get the best responses. Coaches are pros!

Please register to comment on this post

Register
https://hbr.org/2017/08/tesla-shows-how-traditional-business-metrics-are-outdated?utm_campaign=hbr&utm_source=facebook&utm_medium=social

An interesting take on market penetration and market share and how these traditional metrics might be part of the problem for incumbents missing out on opportunities. Think about Kodak, Yahoo, and Friendster. It doesn't paint the whole picture but gives some things to think about.

"Transaction data tells you what people bought, not what they want — and sales are not the same as demand."

"Category creators are changing the world — and our metrics need to keep up."

Comments

Please register to comment on this post

Register
Profile picture of Ye! Community

Ye! Community

Ye! Community

This week's hot topic - Leadership: Lessons for young business leaders!
https://yecommunity.com/en/blog/best-of-the-web-11
Check it out now on the Ye! Blog

Comments

Please register to comment on this post

Register
How young entrepreneurs can network with investors?

Comments

Show earlier comments
  1. Go to as many events as possible - network. Also use your connections. If you have entrepreneur friends, ask them for help.

  2. https://angel.co/ is a good site.

  3. Hi Sam,
    Hope the above mentioned comments were helpful! You can also check out the country page for Uganda and look at the funding tab. We have lots of sites and organizations listed there who you can check out to see if they fit your needs. Please keep us updated on your progress!

    -Ye!

Please register to comment on this post

Register
Profile picture of Sinea Forester

Sinea Forester

Organic farming is taking off in Africa. We can produce high quality organic products. Watch out for us.

https://www.youtube.com/watch?v=Nkmk11IKwfI
Kilimo Hai. Going Organic in East Africa

Comments

Please register to comment on this post

Register
Wonderful- Kudos to team YE, love this segment and good work...keep YEing

Comments

  1. Thanks for joining Lalit! Any questions you have post them here.
    In fact, question for you - What the biggest hurdle you face in finding funding as a youth entrepreneur?

Please register to comment on this post

Register

Sign up to join the ‪Ye!‬ activity stream

Registration is free and will give you access to all ‪Ye!‬ services, including the ‪Ye!‬ activity stream.

Join the stream