How Do I Keep Selling In The Covid-19 Economy?

Businesses that remain flexible and re-strategize fast in sales plan have a better chance of surviving, if not flourishing, in a slack economy.  Instead of been depressed when business is slow due to the pandemic, entrepreneurs should do the things they put off during busy periods. Make technical improvements in products or services, revise your sales offers, or redesign or create the market presentation?

In this pandemic, I urge startups not to go after large numbers of new customers; rather focus should be on increasing the amount of every sales transaction. For example, I sell shoes, I establish a business relationship with a reputable clothing store to refer customers to my business or provide matching footwear to the clothes he sells, and offer to return the favor.

Since some income is better than no income, I recommend entrepreneurs take on smaller projects that they would normally refuse. For instance, if you make furniture and specializes in indoor remodeling, but no one is buying new homes, call your clients and offer to do smaller jobs and ‘’handyman’’ projects until the larger indoor remodeling jobs reappear.

The most important thing about a slow business during the COVID-19 pandemic is not to be depressed by it. We can do something about it.Talk to Ada Africa. Would be available to answer your questions and walk you through. Trust me, you will go places.Recognize what God has called you to be, accept the gifts He has given you and start building on them!

Will be back next week with the part 2.

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WhatsApp +2348033842029; local2global4@gmail.com

Can A Merger Save My Business in this COVID-19 Era?

Although some young entrepreneurs I’ve mentored in the past frown at the thought of joining forces with another complimentary entrepreneur/s to form a synergized company. During this current COVID-19 economic slowdown, I see more small-business owners using mergers as a way to flourish.

 “It is much more difficult for small companies to remain independent and grow in a recession. In tough times, small companies need size, bargaining power, increased distribution and decreased cost”, says Jim Freeman, an investment banker.

My experience in bringing two small businesses together is getting their typically strong–willed owners to cooperate. While I use financial logic, the entrepreneurs let their ego get in the way. They struggle who will be the CEO of the business and so on.

In this COVID-19 pandemic, if you think that a merger might be the way to go for your small business, sit down and make a list of competitors whose products or services might mesh well with yours. Decide whether the owner is someone you could work with. If you absolutely hate the person, or don’t like his/her personality or lifestyle, don’t even consider making an approach. It might manifest later in the business.

Once you have decided on a business and the owner, it is usually preferable to have a consultancy talk with one or two experts. Orchestrating a successful merger is like getting married. Initially, you may be attracted to each other and have similar interest, but everyone has a different way of doing things.

After you find a business that may be compatible, ask yourself these questions:

§ What is the synergy between our businesses? Do we serve the same customers? Are our product and services similar?

§ How could our combined business increase sales?

§ Are our management styles compatible?

§ Which company has a better facility and location?

§ Who will head the business and other management roles?

§ What should the merged business be called?

§ What kind of contracts do we sign?

§ Where can we find the best business advisers to structure the deal?

§ Etc.

 If things look optimistic, begin to negotiate, while consulting the best business experts like a competent attorney, sharp accountant, and someone certified in entrepreneurship management who can envision the best way to present and grow the newly merged business.

Dear startups, try not to let your ego get in the way. Been a CEO doesn’t bring in the money. If you and your merger partner take on different areas of responsibility, you can end up in a stronger and more stable position than before when you were alone.

What enterprise idea are you working on? Are you having any challenge with your small enterprise? Talk to Ada Africa. Would be available to answer your questions and walk you through. Trust me, you will go places. Recognize what God has called you to be, accept the gifts He has given you and start building on them!

Local2Global (L2G) with Ada Africa

+2348174120686; local2global4@gmail.com

The Poor PLHIVs for The 1st Time Get a Meaningful Palliative

We are happy to inform we have procured food stuffs and packaged all into 300 bags for the 300 beneficiaries this weekend.

We will start distribution by Monday according to the support groups, 20 beneficiaries per day for each SG. This is in line with the social distancing practice.

We have 4 support groups and 30 indigent, widows, pregnant women with HIV from different supports groups around the state to benefit from the palliative.

Each pack contains rice , 10kg of beans, half dozen of tomato paste and noodles, and vegetable oil with curry powder in some.

The PLHIVs are with tears of joy for been remembered. Their hopes are high. You need to hear their stories. According to the Network of People Living with HIV (NEPWAN) cordinator in Anambra state, no individual, politician, company or government has remembered them.

Thanks to the AHF for the partnership to touch lives.