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Musbahu El Yakub

Supply Chain Management

A business must create competitive advantages to survive the onslaught of competitors. To do this, the business may focus on a particular area to excel (and possibly dominate), such as a reputation in excellent customer service, or the production of high quality products. More often than not however, a business

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Musbahu El Yakub

Be a better Entrepreneur in 2016

  When you were a start-up entrepreneur, you have most likely worked alone, braving through the long days and lonely nights. You had bought your trading goods alone; processed and sold them from the trunk of your beaten up sedan. You were turned down several times over by your prospective

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Archives
Musbahu El Yakub

Business Performance Review

  In previous posts, we have discussed budgeting and planning as the separate issues they are. This post attempts to bring out the importance of periodic (specifically, yearly) business performance review. However, it is also dovetailed into future year projections to emphasize the linkage between the two. Basis: At whatever

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Musbahu El Yakub

Business Execution (II)

  Our last post on Business Execution essentially focussed on the following: Definition of Execution, Benefits of Execution, and Creating a System of Business Execution. This, concluding part, addresses the need to avoid execution inertia. 4) How do you avoid execution inertia: Right people: No gainsaying your most important resource

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Musbahu El Yakub

Business Execution (I)

There are four traits found in entrepreneurs, as follows: Those who do not plan, Those who plan but do not execute, Those who ‘execute’ without planning, Those who plan and execute. The first three classes have very little chance of succeeding in business. If you fall into any of them,

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Musbahu El Yakub

Innovation in Business

Innovation: The Conference Board of Canada defines innovation as ‘the process through which economic and social value is extracted from knowledge through the generation, development, and implementation of ideas to produce new or improved strategies, capabilities, products, services, or processes’. Ron Jonash, of Monitor Group however has this to say

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Musbahu El Yakub

An Entrepreneur’s Diary – Interview – By Mirza Yawar Baig

Publisher’s note: The title and content of this post was written by Mirza Yawar Baig. He has kindly granted us permission to reproduce it here. 1 – Founding story: why this venture, why that particular time, what motivated to make the leap? Who helped in the process? What were the

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Musbahu El Yakub

Budgeting

Most small business operators do not bother to plan and draw their budgets. This is dead wrong. As most businesses have a financial year that begins in January and ends December, this may be your last chance to ensure that you draw your next year’s business budget. Importance:    Your budget

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17 Truths About Being An Entrepreneur

(From The Tony Elumelu Foundation, Tuesday, 8 August 2015) We recently read an inspiring article on entrepreneur.com by Stephen Key on the 11 Truths About Being an Entrepreneur. There is a plethora of advice out there, but we found Stephen Key’s points to be candid and very useful for our

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Business Power Tools

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