Tuesday, 24 March 2015

5 things you didn't know about small business and businesses in general

Greetings students and business people. After writing my previous blog i realised that there were some aspects of the small business environment that i needed to address so we could all become effective entrepreneurs. I have also decided to make these blogs a series so you know  more about businesses and the business environment.
1) Small businesses are the fastest growing and  fastest dying kind of business ventures
Everyone is now an entrepreneur and everyone is now feeding on entrepreneurs. The Zim economy has very little room for anyone who is looking to get employed meaning that small businesses are cropping up and flourishing and dying every day. And the only way to ensure that you are not part of the masses is to commit to an idea, carry it forward  and ensure it does not die.

2) You don't have to have a Bsc in Business Administration or a Masters in Business Management to own a business
This is one of the problematic areas when it comes to entrepreneurship, professionalism and success when you are a small business owner. Many people do not take us seriously unless if we have a degree in Business or anything similar. But im here to bust that myth..anyone can be a business owner as long as they have a basic understanding of how a business should operate from making profits and branding their products.

3) The government can give you a loan to start your business
For any Zimbabwean entrepreneur this is like manna to their ears and hands and the above is also very true. The government through programmes like the Youth Empowerment Scheme has committed itself to funding the youth and their (researched, organised and meticulously laid out) business ideas. As a result many young business people have applied to the government and have received their loans as we speak. However it is important to note that the government  mainly supports ventures in Agriculture, Farming and the like.

4)Anything can become a business idea
 Yes i am well aware of how ridiculous this sounds but this is also true. ANYTHING you do, have interests in or think about can become a business idea and generate you income. This is evident based on the number of cleaners, tea boys, nannies, back up singers and dancers, celebrity look alikes etc and to illustrate my point i ahe uploaded a video of a dog walker in action and a website with many other weird businesses.
http://www.inc.com/ss/americas-weirdest-businesses-2014
http://www.moneycrashers.com/weird-successful-small-business-ideas/

5) Your family members and friends are all potential employees or assistants anyways 
Historically, there is evidence that Africans and Zimbabweans believed in making their family members especially children their sources of labour. Families had more than 10 children who provided them with free labour. In the modern day having more than 5 children makes anyone cringe with fear but asking your family members to help you is acceptable especially when you cannot afford to hire help and you need people who are particularly loyal.
http://www.therichest.com/business/companies-business/10-weird-businesses-that-somehow-make-money/
https://www.americanexpress.com/us/small-business/openforum/articles/4-businesses-that-are-so-weird-theyre-successful/
http://www.forbes.com/sites/karstenstrauss/2014/03/25/8-weird-and-unique-products-from-startups-and-small-businesses/
I wish you all the best in your ventures..that is all for today..happy money making

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