The best way to build your empire
SEE ALSO :Crocheting myself to a ‘knit’ fortuneAttitude is everything when you’re in business. When you’re self-employed, you know your profits and you know your losses, and the numbers can sometimes get discouraging. Even for my mum, there were days she wanted to give up. But then she’d come home to us and be reminded that she had a reason to wake up the following day and keep at it. I have mentioned in past articles that passion is a strong pillar that will help your business stand tall. There were so many times my mum would come home and say it rained the whole day, so no sales; or she was arrested by city council askaris and spent the whole day in City Hall cells, so no business; or the Government demolished the mabati hotels that served construction workers, which meant no business for her. I didn’t go to business school – in fact, I majored in accounting. It’s only last year that I went back to school and now study business. All the companies that I’ve launched were fully based on instinct and passion. Eventually, I took over mum’s fruit empire and expanded it.
SEE ALSO :How to set up an online shop for freeMost lessons that I learnt came from that business, especially since my free time most weekends or during holidays was spent being her assistant. It’s 2018, the fruit is the same, but times have changed. I took over her business and made ‘modern’ changes to it. In the beginning, the changes brought on plenty of debate, but she now understands my vision. This got me thinking about how family businesses are faring in the face of generational change. Some of the challenges came out after I spoke to a friend who’s now heading a family business that’s been around for years. The transition Business tactics change with most generations, as do consumer patterns. The problem comes in when you want to convince the family that the old ways won’t be effective in the future, and they don’t need to wait for the crunch to change the course of the ship.
SEE ALSO :Starting an interior design businessThis has been a point of dissent and brought on major family disagreements in many businesses. However, keep in mind that the older generation may just be afraid you’ll kill the business with your new ideas. Traditional to digital We have to admit that the older generation is struggling with the new ways of doing things, especially when it comes to the Internet. Yet, the larger percentage of the new generation is spending almost every waking hour online. And as much as we’re shifting our working areas, we have to appreciate the fact that some businesses have made progress because they maintained the traditional way of doing things. So before making drastic changes, learn your business and its customers to see if a transition will advance or hurt sales.