Three entrepreneurial tips for the week

Manage your time intelligently
“Time is Money” and it is even more so for small business owners. Managing your time wisely will translate into how well your business does in the short and long run. As a small business owner, it is easy to allow minor issues take away vital time in a bid to have  tight control over your business. Preventing this from happening could improve your productivity.

 There are some basic tips for managing your time. Avoid desk clutter. Attend, as fast as possible, to all issues that land on your desk or in your inbox. Also delegate, as fast as possible, where it can be delegated. Train your subordinates to be able take on as much off you as possible without reducing productivity.  Also, ensure you have a daily goal or task schedule of the things you intend to achieve and work through them daily. Try, as much as possible, to avoid backlogs. Reduce meeting times to the minimum possible and try to create some personal time to “reflect about your day”.

Set business goals
Do you have clear and measurable goals for your business? It must be written, it must be specific and it must have a clear timeline. You have to set goals for different aspects of your business, not just an overall set of goals. For example, you should have goals for sales, profitability, market share, cash flow, debt levels, capital requirement and business expansion. 

In fact, you should have a clear and detailed business plan that shows where and what you intend to do with your business within a period of time. Goals should be divided into both long and short term goals. Short term goals should be achievable, say within a year or two, while long term goals should have a time period anywhere from two to five years. Goals should naturally come with your strategy on how you intend to achieve it, and should be realistic and practicable.

Expand your contact book
You have heard the statement “It is not what you know but who you know”. This is very true when you are starting a small business. The contacts you built before starting your business can make the difference between success and failure especially in the early stages of the business.  

Your contacts may give you your first opportunity to show what you know or what you can do and eventually be the testimonial you have to show new and potential clients. So, if you are ever thinking of starting a business someday, start building your contacts today. If you are already running a business, expand your contact book by joining clubs, associations or take a business course that gives you opportunity to network.

Visit us at UBA, if you need more information on running a successful business .  There are experts in-house to talk you through the processes and open your eyes to unending opportunities across Africa. 
Share on Google Plus

About Blogger@UBA


  1. How about you first of all read this article for some information on how to write a good essay and only then begin the actual work. This could be helpful

  2. If you are looking for reliable help with your CPM homework, get in touch with us. We have the perfect team of CPM homework helper at your service.

  3. Students Assignment Help is catering its research paper writers services for all students. We provide our services without missing the deadline so that you can receive good marks in your academic career and can impress your professor.

  4. Assignment help is fear for students and most of the students try to avoid assignment of business intelligent but now time is changing because offers reasonable error free Do my assignment support to students so they can feel free to assignment burden at very nominal price.

  5. is hiring writers for assignment help. Now Singaporean students can easily get help in writing assignment services from our writing experts at discounted rate.

  6. I have heard a lot about your contents and the great stories it shared. Please keep on posting.
    Assignment help

  7. serves the best dissertation editing services for the students. We have the best professional assignment writer who delivers assignment writing services outstandingly to the students. Our professional writers are proficient in writing assignment.

  8. thanks for sharing it i found it so amazing glad to be here pokemon masters bluestacks

  9. I was thinking that Illuminati is not real, But today with Mr david I now believe that Illuminati is real, when you come across wrong person’s you will think that life is not real but when you are with the real one you will experience the goodness of your life, To MR David has made me discovered my purpose of life. Welcome to the great brotherhood of Illuminati 666: WhatsApp Mr David +234-811-338-8018 Russia , and every other Country’s on how to join the Illuminati brotherhood to get rich and famous, You may be a politician, business man/woman ,musical artist, student, footballer or whatever occupation you do, you want to be rich, powerful and famous in life. Illuminati can grant all your heart desires join the Illuminati to become rich and famous in life, Illuminati will make you achieve your dream to become rich and protect you all the days of your life  join the great illuminati brotherhood via email:          

  10. If you looking for essay service i can show you the best site for it

  11. Treatassignmenthelp is team of leading professional writers for Assignment Writing Services to students all around the world.Contact us Today for Best Essay Writing Services at very affordable price.UnderTreatAssignmentHelp we provide many types of help to the students. We are the most reliable assignment helpers. We have gained our specialization after spending most of our times in making ourselves perfect. We providing 100% plagiarism free UK Assignment Help.