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Qualities To Look For in a Business Partner

Inversk Review

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A business partner is a commercial entity with which another commercial entity or person has some form of alliance, with the sole intention of growing the business into a profit making company. It is a mutual beneficial type of partnership in which both parties benefit in a way or the other. It is therefore, very important to choose the right business partners if you are to realize your dreams and aspiration. People whose focus is on your products/service, customers and your business. The future of your entity lies in the people you choose to partner with and surrounding yourself with the right people at the right time is crucial for hitting milestones. How do you know that you are dealing with the right people ?

A Marketing Guru.

A perfect business partner ought to be very much excellent when it comes to sales and marketing. He must be impressive in his/her sales capabilities and a person with a drive to hit the personal goals set. A person who is ready to get the lead and follow it up till the deal is done. Am talking about that Marketing guru capable of converting doubts into deals, a person who goes out of his comfort zones to ensure that the Marketing objectives set are realized. A guy who knows where a great potential lies and goes for it. A person with complementary and marketing skill sets, aligned on the company vision and equally committed to the company’s success. That is the guy you should be looking for.

A person you shares your vision and aspiration.

It has been proven that finding an associate you can work with and count on week in and week out is no mean feat. Many give up on the way; others just realize later that their interest is not on that type of business, therefore opting out. This might affect you and your business. A brilliant partner is always that guy who shares the same vision and aspirations as you. A person who is very passionate and knowledgeable about the kind of business you are doing. A guy you can lean on  and in the same career or business as you are is preferable the best fit. When looking for a potential business associate, it’s important to find someone who not only shares your vision, but also has the ability to say ‘no’ when you go astray , an individual who is ready to walk with you through the valley of death all the way to heaven, a guy who sees possibilities where lies impossibilities.

Experienced Business partner is an asset.

Your business is bound to make it when you are associated with the right and experienced guys. Persons who have a vast knowledge about your business, great strategies and executions that can steer your entity to even greater heights. Experience is not just the amount of time spent within an industry; it’s also the obtained knowledge, observation and hands-on involvement. The experienced guru, who knows where to strike gold, and when to go for a prey. A guy committed to ensure you succeed in your doings because he knows perfectly how to handle the situation at hand.

Financially stable partner is always a plus for you.

One of the main reason people go into business partnerships is financial security. Having a business partner with a great financial muscles is a problem half solved because it assures you that whenever issues to do with finances arise, you won’t struggle or be forced to look for help from financial institutions, which mostly take time before issuing with loans. This gives you courage and confidence to face the task ahead. This is also an assurance that your associate is up to the task should your entity need finances for expansion, salaries, growth or even Marketing.

A good decision maker and perfect leadership qualities

It’s always super critical to identify a partner that has strengths that are outside of your own strength. A person who makes wise decisions that means well for the business, consulting before taking action, and a motivator to his staff. A good business partner understands the importance of compromise without being too compromising, having the courage to address tough financial issues and even personal matters that might impact the company. A great leader who leads by example and is ready to sacrifice what he has for the benefit of the company. A person whom you can well trust, keeping the companies records and information confidential.

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    ปั้มไลค์

    March 5, 2019 at 1:12 am

    I believe you have mentioned some very interesting points, regards for the post. 🙂

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Business

5-Step Guide to Achieving Effective Communication for Business leaders

Kimani Patrick

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As an entrepreneur, communication is a very important facet if you are going to grow your personal brand and grow your business to the next level

For you, is not just about exchanging information, it’s about understanding the emotions and intentions behind the information you relay and receive.

Effective communication is also a two-way street. It is not only how you convey a message so that it is received and understood by someone in exactly the way you intended, it is also how you listen to gain the full meaning of what’s being said and to make the other person feel heard and understood.

Apart from building trust, being an effective communicator means that your team can rely on you. You will build stronger relationships, employees will adopt your ideas, and you will reduce breakdowns as well as get more results for your business.

Being an effective communicator will also help you to understand other people better and when you understand them, you will relate to them in a meaningful way.

While you already know how to communicate, learning a few simple principles that can be applied immediately will make you an effective communicator and give you a huge advantage in today’s ultracompetitive business world.

Step 1: Be Friendly

When someone steps into your office to say hello, step out from behind your desk to shake his or her hand.

During a networking event or coffee break, don’t hold your beverage in a way that blocks your body or distances you from others. The higher you hold your coffee, the more of a physical barrier you put up between yourself and the person you’re talking to. Hold it closer to your waist, that way you will seem open and engaged.

Step 2: Keep Your Word

Doing what you say you will do when you say you will do it is the highest attainable level of disciple. When you promise someone something make sure you deliver within the agreed upon timeframe. If you are not able to meet your promise, communicate it in good time so that the other party can prepare for an alternative to avoid inconveniences.

Being disciplined in keeping your word communicates to people that you are a reliable and trustworthy person. This will help them want to keep you close and conduct business with you.

This also extends further to building your positive reputation and people will find it easy to recommend you whenever an opportunity shows up.

Step 3: Be Clear and Never Assume Anything

Assumptions are a major problem in communication, whether they are self-fulfilled assumptions or merely assuming that others see things in the exact same way that you do.

Never assume – the fact of the matter is that most people do not see things the way you do, nor do they have the same feelings as you do. The less you assume, the better. This falls in the category of making your communication is always clear.

Step 4: Be Authoritative

Even if you are friendly and down to earth, your relaxed attitude should never overshadow the fact that you are in control. When you are introduced to someone, stand tall, extend your hand, and introduce yourself by saying your name and what you do.

To sound authoritative, speak in a normal, conversational tone. And if you are a female, watch that your voice doesn’t rise at the end of a sentence as if you are asking a question or seeking approval.

When stating your opinion, use the authoritative arc, in which your voice starts on one note, rises in pitch through the sentence and drops back down at the end.

Step 5: Learn How to Talk Business

If you are trying to get someone to open up then try using open-ended questions rather than yes or no interrogations. When reviewing your own tactful, analyze how you approach people. Do you bully them with close ended questions or do you ask them in a positive manner how the both of you can make necessary changes to get a project, for example, moving more efficiently.

The more effective you can be with you communication the more successful you will be – personally and professionally.

Have more ideas on effective communication? Share them in the comments’ section below.

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Africa

5 Murdered in South Africa as MTN, MultiChoice and Shoprite shut Branches in Nigeria amid Protests

News Team

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Five people, all foreign nationals, have been killed in the ongoing Xenophobic violence and protests in South Africa.

The violence which erupted late last week has seen businesses owned by citizens from other African countries looted, property damaged and truck drivers from neighboring countries being targeted and torched in the violent attacks.

South Africa – Pretoria – 29 August 2019 – Calm restored in the Pretoria CBD following burning of foreign owned shops. Photo: Africa News Agency / ANA

In a retaliatory move, Nigerian protesters took to the streets of Lagos on Tuesday evening to vent their anger by throwing stones and destroyed properties owned by SA brands such as MTN, Shoprite and MultiChoice.

Dozens of shoppers descended on Novare Shoprite Mall in Lekki, near Lagos, Nigeria and looted goods of unknown value while torching a police truck. Several other SA owned stores including PEP, MTN were looted and property destroyed in Surulere and Jakande.

Following the protests, South African television group MultiChoice has shut its offices and branches in Nigeria and Zambia, “We have had to shut branches and offices to safeguard customers and staff until further notices,” said its head of corporate affairs Jabavu Heshu on a statement on Wednesday morning.

On its case, MTN Group said it had closed its stores and service centers in Nigeria “as a precaution” after four stores in Nigeria were attacked on Tuesday evening. Sources indicate that the company also closed several stores in Johannesburg. The company, in a statement condemned the acts of violence.

Shoprite Holdings said in a statement on Wednesday that several stores in South Africa, Nigeria and Zambia were closed and extensive damage had been done to several supermarkets over the past 24 hours.

“(Shoprite) is highly concerned about the acts of xenophobic violence against foreign nationals that sporadically flare up and the resultant rhetoric of intolerance that is levelled against foreigners and the platform this creates for criminals to exploit this,” the company said in a statement.

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Business

Go For Gold: Lessons From Chris Kirubi

Inversk Review

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As an entrepreneur, you have to pursue and attempt to achieve the very best possible outcome or reward from the same activity, task or endeavor. Below is advice transcribed from a few of Chris Kirubi’s #AskKirubi show.

Gold is very symbolic to mean the fine things in life. You don’t find gold all around you, but you find at least somewhere close to you. Very scarce indeed. Does that mean it is not meant for everyone? It’s all in your mind. Reach out for the best possible solutions. Reach out for the biggest venture. Reach out for the biggest investment.

Gold is a great reward. Great things don’t come easy. You will struggle to get to it, but the fruits will be there. To be the best, you have to effect change. Don’t be afraid to effect the change. Within our comfort zones, we as entrepreneurs might feel like we have actually achieved it all. When that feeling crosses your mind, that’s when you need to move and effect change. Change is the only constant thing in the world.

Don’t say you can’t move. When you get that mindset, you will be poor. The worst thing you should avoid is being poor in the mind. Do not conform your mind to weak struggles. Conform your mind with strong struggles such that you will put more effort in your deeds. Challenge yourself and out great effort into that. Then expect great rewards.

Arm yourself with knowledge. Knowledge should be your weapon whenever you want to attack and get huge profit margins. Be hungry for knowledge and do not shy away from wanting to know more.

Go for quality. Quality begins with you. Be quality. Don’t be shady. How you look, is how you act. From what and how you dress, to how you carry yourself and interact. Look quality. Talk quality and expect nothing less of quality anywhere you venture into. When you are quality, you will definitely attract quality.

Build your own stature. No matter how difficult it may seem. It will cost you but it will be worth it. Do what you will be proud of. Quality will definitely make you a proud person.

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