Tag Archives: Business growth

Building Momentum For Growth: SEMINAR 1- Highlights

Some religious myths about business growth:

1. Growth can happen by believing only…
NO, faith without works is dead!

2. Growth can happen by praying only…
NO, prayer only makes power (divine impetus, ability, grace, momentum, propulsion, impulsion, force, motive force, driving force, drive, thrust, continuing motion, energy, push, steam, strength, motivation, stimulus, incitement, incentive, inducement, inspiration, encouragement, boost; urging, pressing, goading, spurring, prodding) available to put to work the revealed principles and means for growth to happen.

3. Growth can happen by simply sowing seeds…
NO, sowing seeds only connects & keeps you to the vision. Where your treasure is, there your heart will be also.

4. Growth happens when you keep confessing it…
NO, your confession only augments your conviction to do or put to work these revealed principles and means.

General myths about business growth:

1. You can achieve growth independently…
NO, growth is a compound phenomenon that requires a team-work, divine or external body or force. There is need to seek professional expert advice (business advisory services), network with others in the same field of business, go into strategic alliances and partnerships that is well informed, belong to a business related association, go for more knowledge by attending seminars, trainings, a relevant business school and more importantly, belong to a group of people who have a walking relationship with God.

2. A couple of efforts directed at growth can bring about growth…
NO, growth is the PROCESS of increasing in size, number, value, or strength. Process means a series of actions or steps taken in order to achieve a particular end.

3. Growth happens only when there is large funding (huge capital)…
NO, huge capital can lead to a catastrophe (disaster) when there is no structure on ground to engineer and sustain business growth.

The truth about business growth:

– Growth is the product of continuous conscious effort. Hence, the need to consciously build a culture based on revealed principles and means…

– In a bid not to pay the price of discipline required in building such culture, some business men follow short-cuts by consulting spiritualists to engineer business growth, which last but for a moment leading to drastic business failure in the end.

– Unless the LORD builds the house, those who build it labor in vain… Psalm 127:4. Spirituality CANNOT be ruled-out! God is the author of growth. He has already revealed to us certain principles and means by which growth is inevitable. GROWTH IS NOT BUILT IN A DAY!

* First step is you must be determined (resolute) to grow by tenaciously following the revealed principles and means. Also, there has to be a vision you are passionate about and a related mission you are committed to. Proverbs 29:18 – Where there is no vision (revelation), people cast off restraint (discipline)… meaning you easily sway from the continuous building of a business culture based on the revealed principles and means. Also your vision must have a connection to God the source of lasting growth (sustainable growth).

* Second step is you must understand these principles and how they work… how they translate into ‘Solow residual’ for the business. The Solow residual is the portion of an economy’s (for the purpose of this seminar, business’ or company’s) output growth that cannot be attributed to the accumulation of capital and labor, the factors of production. It is a measure of productivity growth that is usually referred to as total factor productivity (TFP). Total Factor Productivity (TFP) is the portion of output not explained by the amount of inputs used in production. … As such, its level is determined by how efficiently and intensely the inputs are utilized in production. TFP growth is usually measured by the Solow residual.

The question is what are these revealed principles and means?

Watch-Out for Seminar 2 in our next event on BUILDING MOMENTUM FOR GROWTH on Saturday 27th October

Time: 12noon – 2pm

Plan to be there live! Do not miss-out

Your membership of Abule-Egba Economic Forum and participation in these series will not only provide you with vital information about your own business growth but practically, professionally & spiritually assist with the appropriate plan to engineer and sustain your business growth. The implementation plan and follow-up process is our collective concern as a group. Help is here!!!

Kindly drop your comments and reactions so we know those who are with us. Very important!

God Bless You!

Leave a comment

Filed under Business support related issues, Management Issues, Scriptural principles to business

Relevance of Market Research

Is market research of any value to both an existing and a new business?

Edusearch Flyer

It is believed that accurate and thorough information is the foundation of all successful business ventures because it provides a wealth of information about prospective and existing customers, the product, the competition, and the industry in general. It allows business owners to determine the feasibility of a business before committing substantial resources to the venture.

In case you just dabbled into the business you are currently in without a professionally done market research, you lack what makes the difference in any endeavour; the right information is key! Get a free advice- stop struggling… go for knowledge about your customers, market, product, competition and the industry you are operating in. Engage the services of certified management consultants. The benefits far outweigh what it will cost you. Be wise!

Request for a price quote for a qualitative + quantitative market research today.

Leave a comment

August 25, 2018 · 8:00 AM

My business; My Child

How you should treat your business and what to expect from it all depends on your perception of what it is to you. In practice, owner-managers perceive their business in two major ways; offspring or livestock. Seeing your business as your offspring and treating it as such will go a long way in determining it survival and how successful it will become. Unfortunately, most small businesses are being managed or treated as livestock rearing rather than child-rearing.

My business

For instance, 8 out of 10 small business owners in Nigeria are raring to invest, expand, grow and make profit in a very unrealistic manner without allowing sufficient time for the business to grow. Livestock rearing is short term and the focus is on the gain rather than a long term enduring love relationship a parent has for his child. Someone says “Your business has to be in your heart and your heart in your business.” And also remember that the secret of success is in the constancy of purpose and not in maximising immediate gains.

There are 5 basic things that are expected of you as a good parent:

  1. Have a plan for your child;
  2. Provide your child’s needs;
  3. Invest sacrificially in your child;
  4. Give necessary care and attention to your child; and
  5. Ultimately, love your child and make allowances for shortcomings with time.

When you fail to plan, then there is no direction! So as they say, you are planning to fail. You would not expect significant return from your investment in your child until after a reasonable age at a stage when the child is expected to have become fully independent. So also should you not expect from your business. Do not be raring to reap so fast from the business at its teething age. There is time for everything.

Make provision for the health needs of your business as you would for your child. Self-medication is not the best; a medical professional is not a luxury but essential for your child’s health, so also is a business consultant to your business. Make provision for professional fees!

As your child needs food to grow, so also does your business need a ‘balanced diet’ of 5 classes of ‘food’ which are:

  • Business awareness and promotions to constantly attract the customers that matter;
  • Staffing to recruit talents to remain productive and relevant in the market;
  • Working capital to take care of operational expenses;
  • Good management of resources, competences and capabilities; and
  • Constant monitoring and maintenance of company’s infrastructure.

Leave a comment

Filed under Business support related issues