STARTING OUT IN BUSINESS? 9.5 WAYS TO GROW QUICKLY:(…Continued from yesterday)6. When you have 5 people on your team, titles mean little. Very little. You are all in the trenches.After I left the corporate world in 2005 and embarked on my entrepreneurial journey, I told my workmates who were so hung up on titles, that going forward our official titles would only appear on our employment contracts. Our business/calling cards would only have name, contact, and the company’s full-style address. And when there were multiple export loadings on a single day, yours humbly (me, the venerated founder) put on a reflector jacket and was dutifully designated Loading Clerk for the day; a lowly and menial job that exacts brawn, not brains. Those early years taught me that a society of Sirs and Madams never gets anything done.7. Do not waste money on expensive software (ERP, accounting, etc) that requires constant maintenance and expensive upgrades. Unless it is warranted, go generic and keep it basic.8. Forget about all these fads: Work From Home, 3-day work weeks, 2 months sabbaticals(after 2 years with the company, what have you. When you are a start-up, you need all hands on deck, and a close-up collaborative environment. Not folks calling in from the Ssese Islands. You are not in the big-boys club.9. If your growth model is capital raising (versus bootstrapping), remember to keep the main thing, the main thing. Spend more time building revenue and talking to customers than you do investors.And for Mercy’s sake, do not ( and I repeat, do not) be like the fisherman who woke up one day after a storm and found his nets teeming with all manner of fish. Pure luck. Fortuitous indeed, and all nice and dandy – until it got to his head. You see, the other fishing village folk who had not been so lucky that fateful night started praising him for being a great fisherman. And what do you know? While his boat and nets were rotting away by the shore, our man started telling his story to any one who cared to listen. A circuit motivational speaker, that’s what he became – roving from one fishing village to another, talking about catching fish. Don’t be like him. The business of raising money is not the business. You only become a superstar for turning the cash you raise into hard revenue, and returning value to investors.9.5. Every business phone call you make should be followed up with a formal “As per our phone conversation” email. And one day when you have reason to be thankful you did, remember to send me a love offering. Will you?
July 30, 2022 at 12:09 pm
Oh yes I will remember the love offering! Thanks Jacob again for this insightful piece! What does one do about fatigue on a 6am to 6pm job six days a week, 12 months a year? Not complaining just need help
July 30, 2022 at 12:10 pm
Build in rest, Julie. Take a walk over lunch (without your phone), and if you can – take a nap. You are in this for the long haul, you need to go with your body! PS. In the early years, I’d get into the car to drive to the office, only to drive past and end up on the beach in Entebbe to have some quiet time in the morning. Those days were never wasted!
July 30, 2022 at 12:10 pm
Jacob Zikusooka wow thanks, I was starting to feel guilty about the naps I take! Sometimes it gets to one surely
July 30, 2022 at 12:11 pm
Julie Nabwire … yeah that one… I personally feel rejuvenated working on the farm in Bugogo-Kasanje if the business in kabanyolo is draining… but knowing your nature of business… that requires moreless full-time presence… deep sigh ??♂️
July 30, 2022 at 12:11 pm
Joseph Muyeti you know!
July 30, 2022 at 12:12 pm
Jacob Zikusooka And if I may add, be nice to yourself on that journey, no one can do that better than you…to you!
July 30, 2022 at 12:12 pm
Love offering thou hast not listened from Creflo ?? lately:-) that said. Briliant thought man. Love it.
July 30, 2022 at 12:13 pm
Lol Richard Zimbalist, tuma kwanza basi uniambie maneno hii lingine???♂️??♂️
July 30, 2022 at 12:13 pm
Insightful and deep nuggets. Many thanks for sharing these Jacob Zikusooka. You deserve more than a love offering.
July 30, 2022 at 12:14 pm
Timeless piece of information to put in my ?. Be blessed
July 30, 2022 at 12:14 pm
You told me on the phone I’ve got 21 days free time. No way I’m gonna pay for the demurrages
July 30, 2022 at 12:15 pm
Sheldon Lee, the story of our lives??
July 30, 2022 at 12:15 pm
Jacob Zikusooka these nuggets and tips are very organic and relatable ?.
July 30, 2022 at 12:16 pm
Love offering ‘namna gani?’ ??
July 30, 2022 at 12:16 pm
Audrey, toa ndugu;-).
July 30, 2022 at 12:16 pm
Crunchable munchies, thank you JZ
July 30, 2022 at 12:17 pm
This is awesome.
July 30, 2022 at 12:17 pm
Very insightful Jacob Zikusooka. Thank you
July 30, 2022 at 12:18 pm
Thank you Yakobo for this wisdom! Especially that follow up email…As per our conversation…
July 30, 2022 at 12:18 pm
Maureen, one day I was standing in the dock (in the commercial court), and wished I’d sent that email;-).
July 30, 2022 at 12:18 pm
Jacob Zikusooka Very very helpful insights, from the person who is writing what he’s seen and not heard.
July 30, 2022 at 12:19 pm
Excellent and beautifully put…! Glory to God! God bless you
July 30, 2022 at 12:19 pm
John Stanley Kintu, Amiina Joski?? PS. Ter’owereze;-).
July 30, 2022 at 12:19 pm
Thank you.
July 30, 2022 at 12:20 pm
Magnificent
July 30, 2022 at 12:20 pm
Jacob Zikusooka yes ofcourse we will remember. I totally relate to the fisherman.
Thanks for sharing. #Keepsoaring
July 30, 2022 at 12:20 pm
I need to get Jocob zikusooka’s number
July 30, 2022 at 12:21 pm
Where’s the basket for the love offering???
Boss this I love.
July 30, 2022 at 12:21 pm
Wycliffe, akabbo kanatera okutukakko;-).
July 30, 2022 at 12:21 pm
Thank you so much in advance as I wait for the love offering to come your way.