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Ye! Community activity stream
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RegisterWe have developed this ERP system to address the lack of record keeping in SMEs in Africa. Take advantage of the offers https://gloconerp.com
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RegisterWe are calling on all local and international partners to work with our team to manage development funding with services such as monitoring, evaluation and reporting of development impacts and value for money.
WHY YOU NEED TO PARTNER WITH US
We don't just raise funds for projects, we provide post-funding services that ensure funds provide value for money for project beneficiaries. Best of all, we provide periodic reports to donors and grantors. #donors #crowdfunding #funding #development
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Claire Sterngold
Ye! Community Coordinator
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mugu macharia
Smei
i much appreciate claire for these article...its mind gobbling
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RegisterSharing a video: https://youtu.be/AUY7BzuMpQc
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Claire Sterngold
Ye! Community Coordinator
Will post to https://www.facebook.com/theyecommunity/
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Abhishek Kothari
CoachCiti Employee
Hi Abdallah. It seems to be a platform business. A platform for connecting local entrepreneurs to communicate with those from other countries. To raise money, you will have to demonstrate if you can charge a fee for using your platform. you may have to start creating a website where entrepreneurs register themselves and later monetize it by having referrals to other products at first and charging for membership to your platform. Very often, funds come only from friends and family (angel investors) who believe in you without any proof. To raise money from outside, you have to demonstrate economic value and show growth numbers at least for a year.
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Abhishek Kothari
CoachCiti Employee
You are most welcome Juan.. My best wishes to you.
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Abhishek Kothari
CoachCiti Employee
You are most welcome. My best wishes to you.
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Registerhow can make a good partnership ? what the role for that
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Abhishek Kothari
CoachCiti Employee
give something of value first without asking for anything in return.
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Abhishek Kothari
CoachCiti Employee
Thank you Claire. It was an immensely fruitful experience. My best wishes to all entrepreneurs. As the Whole Earth Catalog said and Steve Jobs repeated: "Stay Hungry, Stay Foolish" and don't drown out your enthusiasm and zest for life against all odds. The people who change the world are the ones who think they can. Be unreasonable and persist.
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Abhishek Kothari
CoachCiti Employee
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.
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Sam Sheka Moi
Moi Tours Transport Company
Thanks
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Abhishek Kothari
CoachCiti Employee
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
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Abhishek Kothari
CoachCiti Employee
Thinking that they know what their clients know without even speaking to them. You can create value only by empathizing.
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Sarah Lee
So you feel the growth of a product or company should really be driven by the feedback of the customer?
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Abhishek Kothari
CoachCiti Employee
Two great books i read on the topic are "The Cash Flow Quadrant" and Rich Dad, Poor Dad" by Robert Kiyosaki. Having said that, a number of templates are available online to help you start thinking about categorizing your revenue and expenses (e.g. https://templates.office.com/en-us/Budgets). The first tip is discipline. track your revenue and expenses almost everyday if you are a really small business. Second, use off the shelf and free accounting software so you dont have to reinvent the wheel (zip books, quick books are two i know). Third, think of business budget as your own personal budget. I would also recommend taking online classes from lets say Khan academy on accounting 101 if you have time.
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Abhishek Kothari
CoachCiti Employee
Sometimes, you start a grassroots movement by working at the grass root. You need to test your product / service with friends and friends of friends who will spread your word around. Action speaks louder than words. Once you have demonstrated value with immediate friends and family, they will be your ambassadors and spread the word around. After that, listening to every single client and making sure you consistently exceed their expectations will build trust. Remember reputation takes years to build and one mistake to break.
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Abhishek Kothari
CoachCiti Employee
Hi Sam, great question. Today, everything you need to know about management is available on the internet. There are multiple sources such as Massive open online courses (MOOC's) that can provide you frameworks to manage various problems. Also, experience is the best teacher. As you grow, you will realize the need to create "standard operating procedures" that will provide the rules needed to conduct your operations. Creating policies such as expense management policy, attendance policy etc. provide an overarching framework. On a micro and small scale, the entrepreneur has to rely on self learning.
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Sam Sheka Moi
Moi Tours Transport Company
Thank you so much for your kind words.
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Juan Carlos
this is very helpful. thank you
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