June 2018 – Korsell Corporate Consult

AN ENTERPRISE OF MERIT

June 29, 2018 Published by kccadmin

A business must identify a unique value point in order to thrive. It is a very common thing to see lots of businesses under different brand names doing the same thing, under same conditions, making same mistakes and earning same returns. This repeat of value across board means a multiplicity of resources and efforts without a considerable utilization of skill, intelligence, creativity and innovations. If this situation does not create boredom within the industrial space, it causes complacency and kills the zeal for improvement. The reasons for which your business must meritoriously stand out are obvious and plain. It is up to any business to discover what practices would produce this desired result and consequently commit resources towards achieving it. We share a couple of these today.

GIVE YOUR CUSTOMER A KING’S RIDE

You have probably heard already, that the customer is right. You should never really want to question this. If ever you are motivated to insist on your stands against a customer’s goodwill, shut down and operate a court system; business is not what you should do. It is essential for you to give your customer a service that cannot be copied or emulated by your competitor. If at any point in time, there is customer dissatisfaction, be prepared to review your methods and regain your customer. It is the key to ensuring you are standing out in the industry and maintaining a lead over all others. The merits cannot be overemphasized enough. Create the conditions that would put you in the minds of your customers at all times and delight yourself with their respective and individual progresses. Send goodwill messages to them on their birthdays and don’t forget to create bonuses in your dealings with them. You would be amazed at the returns these seeming insignificant thoughts would have on your company.

GIVE HONEST ADMISSIONS OF YOUR PRODUCTS AND/OR SERVICES

It is commonplace to see businesses try to create perfect images of themselves at all times. A business can go to the extent of lying about its own products, create unsolicited fantasies about the service, build tremendous faiths and confidence in the eyes of customers and expose their huge defects and insufficiencies. Otherwise, a business would fail woefully to keep the schedules it sets with a customer and offer to provide justifications for it. The truth is there is no better policy that should guide a business than honesty. It should not have to compete or compromise with any other policy in your organizational structure at any point in time. Identify the gaps in your own delivery and take responsibility for it. There is nothing more upsetting than to be found telling lies by your customer. It weakens the confidence with which they operate with you and can degenerate into major scandals that would affect the lifetime existence of your company. Tell the truth about your products, offer just what you have advertised and create an impression on your customer that is solid and good as gold.

ENGAGE YOUR PRODUCTS

This isn’t conventional and probably isn’t your GoTo tip for being efficient and meritorious in your operations. Nevertheless, it is the one sure way you can be sure you are giving services or products you would have bought yourself. The principle is this; would you purchase what you are selling if the reverse was true and you were the customer? If you must think twice about this, then quickly review your sales method and most importantly, review the product you are offering for sale. Something might be wrong somewhere. You should have absolute confidence about what you are selling and trust the product to be a complete marketing tool in itself. It is the only way you can be sure you are doing something right and positive.

Identify what works for your organization and make the best of it. You would be beating competition while finding motivation to do what you love to do best. Click here to lean more of how to develop your business with services that work.

Photo Credit: Google Images

3 Fundamental attitudes to Adopt

June 27, 2018 Published by kccadmin

You are probably too busy trying to establish your business and to get it where you want it. As a result, you have committed efforts towards making it the very best. Nevertheless, it is possible your inability to adopt certain work ethics would rob you of the full returns you were entitled to. Today, we share three principles that are verifiably potent in helping you meet the full returns you deserve, given the commitment and sacrifices you have shared in establishing your business.

ALWAYS BE ON TIME. NO MATTER WHAT.

Yeah I saw that grin on your face. This doesn’t look so much like the tip you were hoping for. Nevertheless, the reason your customers, investors and your clients would not refer you to another potential customer or investor or client is because you do not respect their time. In some instances, it just means you really do not have integrity and trusting you may be a risk that ought to be avoided, especially when you are quick to offer reasons and excuses for your lateness.

Regardless the condition, against the odds, keep your time. Let your partners know that you respect them and appreciate the role they play in the success of your business. It would translate into diversified support for you and lead to higher gains for your business. Keep this as a religious law.

FAITH IS NOT A STRATEGY

As you operate in your business, it is easy to want to leave things to chance and blame your failures on circumstances. This option is oft to arise because you may feel there are some conditions you do not have control over. The worst bit is to suggest the populist mantra, “it’ll work out”.

In business, you don’t leave things to just work out because nothing will. You are responsible for your business development and every aspect of growth the business would have to consider. You should never hear yourself say “It’ll work out”. Take charge and determine the parameters, limits and borders necessary for the success of your organization.

RETURN CALLS IN LESS THAN 24 HOURS.

I sure can understand the reason for your smile on this one. You are probably relating with the discomfort you experienced yourself, when you had to wait for periods unending, just to get a service from an agency or institution. This is precisely what you don’t want your customers to experience. Return all calls as soon as possible and never leave customers waiting for answers. The truth is you are not the only one with the service that is sought after and your customers know it. Don’t give them a reason to remember their alternatives. Return all calls, emails, texts or all other enquiries promptly. Social media these days leave an option for Assistant replies for when you are offline. Activate and personalize these to give your company the label of being responsive. Your customers would want to come back.

You can learn more of these tips and access our services directly. Subscribe to receive our posts directly into your emails today. We love to connect with you.

Click here to join our teeming clients whose success stories are growing by the day

THE STITCH AND YOUR MINE

June 25, 2018 (updated June 25, 2018) Published by kccadmin

Every business encounters some challenges at one period or the other. This is normal to every business and it is significantly geared at enabling your business grow. In other words, your business would encounter challenges only because it has to grow. This understanding should guide the responses with which you would deal with the challenges that confront you.

This notwithstanding, it is important to emphasize the fact that challenges that confront your business can put you out of operations if you do not put effective and pragmatic solutions to dealing with it. That which is intended to produce positive outcomes have a huge propensity of kicking your business into a space beyond your control and influence and it can frustrate what objectives you hitherto committed to achieving. Essentially, it is critical that you identify the stitch, that seemingly inconsequential gap and deficit and map out a strategy that would not only annihilate the looming danger, but would competently forestall future resurgences of the problem. Knowing that strategy is your mine.

Identifying the signs of danger is a skill any entrepreneur must adopt. You should be quick to learn what conditions are necessary for you to lose profits, incur staff deficit, overspend your budgets, lose markets or even legitimize customer dissatisfaction. When you are not keen in your ability to identify these dark signs, you could be operating into perpetual losses and your lack of pragmatism can drive you out of business.

At every point in time, you must understand that conditions in your business ecosystem are differing, altering and undergoing monumental adjustments. These alternations may be as a direct consequence of factors you absolutely do not control. In order to fully gain control over your business operations, you must commit to continuous research and innovative ways of identifying all gaps, however insignificant that may develop. This knowledge would enable you work conscientiously toward dealing with all the challenges that could erupt.

At the KCC business diagnosis sessions, we detect these minute pitfalls and advise you on the best ways by which you would continue to remain in operations. We specialize in these solutions and more. Talk to us today.

Click here.

THE KCC-YOU BROMANCE

June 19, 2018 Published by kccadmin

Entrepreneurship is a life changing decision. It alters situations and creates a responsibility that leaves lifetime impressions. The KCC dream is an emphasis on what strides are made when entrepreneurs understand the world’s need of them. This understanding underscores the existential importance that is garnered from a realization of the supra-relevance entrepreneurs bring to the world. Substantively, it determines the merits to an evolving world system steeped in an appreciation of the need to create more and solve more.

Entrepreneurs are the life source of growth and development. They create a matrix within which all that pertains to progress may be examined. To create a solution space and income-generation outlet is no mean feat, in fact, no meaner than committing to the sustenance of entrepreneurial goals, amid antagonizing odds. What remains critical is the fact that entrepreneurs have an importance that cannot be overlooked or underestimated any further. The attempt would be ridiculous and embarrassing.

Given the fact that differences may arise somewhat in preferred entrepreneurial styles, it is absolutely necessary to rope in a full-scale meritorious structures and processes that are in and of themselves, wholesome and are able to adequately map out the business plan for success. This strategic planning for success disengages all shades of ineptitude that may characterize the business structure. It develops a framework, guide policy, system configuration and ethics. Constructively, these shape the business outline and readies the enterprise for growth – satisfying a need so ancient yet golden, the entrepreneurial drive for success.

KCC has a comprehensive and strategic system that ensures long and short term structural progressions. Our modules are designed such as to enable the smallest business devise a foolproof strategy for development.

Get involved in our business structure development program today. You would be pleased you did. Click here.

Image Credit: Bing Images

SETTING UP FOR THE BIG PITCH

June 18, 2018 Published by kccadmin

Most businesses have great ideas and solutions they offer. As a matter of fact, new and existing businesses are reputed to develop even greater ideas while in operation, leading to what many call the Shiny Object Syndrome. With these great businesses, it is only logical to expect great solutions to the teeming world challenges. Nevertheless, there is a huge gap between individuals with the idea-power and those with the financial strengths necessary to drive in the capital that would translate these ideas into real solutions. It is why investors exist and why you have a responsibility of presenting your business idea in a manner that would appeal to investors for the support you need.

You must understand that your business pitch is a great step in the life of your business. You must give it all the preparations and seriousness it needs to drive home the urgency of your demand. For some entrepreneurs, the pitch is some kind of an interview, structured to produce the life of the business. Approach it with absolute importance.

DETERMINE YOUR ADDRESSEES (DYA)

The DYA system enables you to determine the type of investors you are pitching to. Different investors respond to different business solutions and at different levels. You don’t want to spend a considerable length of time speaking to people who are outright not interested. While some investors may not even agree to meet at all, others who show up may do so just to adopt your idea and suit it to meet their style, fund it in a way you may never be able to compete against and leave you struggling with fund and capital raising. Determine who you are addressing and structure your pitch to meet their demands. You may well know if you need just an angel investor or a registered network of investors.

CHOOSE A PREFERRED STYLE

The objective in a pitch is to appear as one who has all facts, ideas and the minute nitty-gritties pertaining to the business you’re professing. Be that person. In that respect, you may want to adopt a story-style narration, or a crisis resolution approach. Whatever the case is, make sure your thoughts are well organized and your ideas flow sequentially. Don’t forget to smile when necessary, but stay on top of the issues.

BE BOLD, ASSERTIVE, SIMPLE, INCISIVE AND CONTENT-DRIVEN (BE BASIC)

At KCC, we say be BASIC. Put up a courageous outlook and do not be intimidated by a hostile bunch of investors. Being BASIC means you are resourcefully utilizing your self-worth while projecting a tough impression of someone determined to make business bloom. This would come in handy when you must prove why an investor would benefit from indulging your business or identifying with your organization.

EMPHASIZE A SALES DRIVE

At every point, you must show a zeal for reaching a large pool of customers in order to drive in increased sales. This is to show your would-be investors that they are about to venture into an avenue with direct sales inlet and outlet. It gives an assurance that you are in the capacity to make profits and subsequently pay back the loaned or invested amounts. In this regard, use all resources at your disposal to market yourself and your business as profit-oriented. This provides a guarantee that you are capacitated to work out full expectations and churn out appropriate results.

Understand your business needs and what drives it. The passion so identified would translate into what content you present to your potential investors and that is the marking point for any success your pitch would chalk.

Talk to us at KCC today, we are willing to guide you through this phase. Click here.

YOUR BUSINESS IN THE EYES OF KCC

June 14, 2018 Published by kccadmin

It started with identifying a specific situation. Probably, you realized the neighborhood could do with a regulated janitorial service. Better still, you discovered your love for photography and decided to explore the commercial aspects to it. Either way, you determined there was a significant need for the service or product you were looking to provide. Perhaps, you followed the global convention of researching the prospects or otherwise of success, with respect to the business idea you so gleefully adored and cherished. Who wouldn’t anyway!

And so you committed to it. Just so you would be safe and maintain your head as a legal citizen, you pursued with rigorous might and a religious fear, the legal undertones that ought to be adhered to. Realizing what gains you could make as a limited liability, you probably opted for it and patted yourself on the back for your meticulous devotion. Friends and family got wind of it and the congratulations continued to pour in. You knew however, that you were still not there, at least not yet.

You needed financing. You understood that you may not have the full financial resources you would need and smartly applied for the KCC Capital brokerage service. Of course, this was because of the trust you had built in our systems, following your understanding of our startup support service. And as was to be expected, we competently delivered on the demand. You finally sought the extra hands you needed and was set to make returns – solving society’s problem and being your own boss.

At KCC, we congratulate you on the strides you are making and couldn’t be more proud at knowing that our belief in your ability to live your dream is materializing. We see the potentials of growth your business has and encourage you to accelerate your processes and systems for growth. Our reputation as the number one solution in consultancy is sourced from the progress we see your business chalk. We encourage you to continue in your walk with us and while at it, enjoy a relationship that transcends formal business transactions to a space where our emphasis on friendship with you need not be overemphasized.

Talk to us today about your business plans and challenges. We would love to hear from you. Click here.

Photo Credit: Bing Images

IF YOU EVER NEEDED KCC…

June 13, 2018 Published by kccadmin

At any point in time, your business is going to try to grow. You would realize that there is some need to make extra profits in response to increased demands or grow your staff base with newcomers and higher expertise. When you are about to make this major decision, it is easy to get scared and frightened about the potential outcomes. ‘What if I am not ready for this new stage?’, “what if I have not learnt all there is to growing?”, “would I be able to meet the new demands?”, you wonder. Often, the prospects excite you nevertheless and you could venture into a domain you were never really prepared for. At the onset, it looks good and the adventure begins to pay off – until the major setback hits you and you realize you were never really prepared for growth or you didn’t understand the indicators as you should have. A common observation is you were over-expectant and did not understand the risks that are typically associated with any expansionist attempts. Your business may survive this setback, but you would forever remember the avoidable losses you incurred.

When you begin to make profit, see the sales rolling in and your customers overly excited with your services, you are bound to ready yourself for the next stage. At KCC, we give you a pat on the back for the great strides you have made in your business and are even eager to help you deal with the fears of expansion.

KCC is determined to ensure business sustainability in Ghana, Africa and beyond. Our focus on growing business and saving ailing startups is a direct response to the emerging challenges that have noticeably crippled most expansionist attempts in Ghana.

Business growth only thrives when you understand the need to separate the desire for growth from an obsession with making increased profits. It is a deathly adventure to seek growth because you assume your business needs to make more profits. Quintessentially, you must embrace a right attitude for growth. Position your psyche to understand the demands of growth and be sure it is precisely what you need. You would be saving yourself tremendous nightmares.

KCC helps you develop a right approach to meeting this demand. Apart from leading you into developing the appropriate attitude, we provide insight into determining the right kind of staffing the newly grown company would need. Hiring and firing is probably the hardest thing you would have to do in your business life, but it is also the sole decision that may ruin the fortunes of your business forever.

Endeavor to have a solid capital base before you attempt any expansion in your business. You certainly do not want to be locked and caught in a quagmire, stuck in emptiness and with no resourceful means of getting back in line. We take significant delights and pride in our capital brokerage services. Learn how we do it here.

Your business needs KCC because your business must grow. After an interaction with us, you can be sure you gave the best treatment to your business idea. Living your dream is possible with KCC. We would be happy to talk to you today about your specific needs. Click here.

UNDERSTANDING THE BUSINESS DIAGNOSIS MEETING

June 12, 2018 Published by kccadmin

Businesses strive for growth more than anything else. It is this strive that is interpreted as efficiency in the business. The rate of efficiency is required to be high for the simple reason that a business that doesn’t grow dies. With the death of any business come several implications that would be appropriately dealt with in a later post.

Startups are reported to have a 90% failure rate. This is translatable to different periods within the life of the organization. KCC ‘s startup support system develops a strategic and time tested invaluable solution to this challenge with its overall needs diagnosis analysis that presents a comprehensive outline of the deficits the startups may be experiencing.

Generally, businesses and startups fail because of low profits, inability to grow and the stress with dealing with a never ending demand. Low profit margins usually arise out of high operations cost and an inability to reconcile such costs with returns appropriately. When businesses fail to grow, they stagnate and soon get locked in an impasse. This deadlock stifles innovation and progress and could as well kill any business. The structural organization of the company suffers when it is absolutely unable to deal with increased demand. When a company has to produce more and offer more services than it is presently able to, it must make significant structural adjustments, implement unrealistic private policies and suffer the long term breakdown.

KCC’s business diagnosis session employs an assessment of the existing deficiencies in your company. This assessment typically defines the current situation in the company, the missing links and an estimation of what the future outlook of the company should represent. Consequently, the assessment identifies the causes and problems associated with your current performance and suggests what priorities should be pursued by your company. Instructively, KCC develops solutions and growth strategies that would complement internal growth strategies of your company.

Our methods vary, depending on the identified challenge with your company. Rest assured however, that we are definite and resolute in projecting time tested solutions for the explicit needs of your company.

Talk to us here, our team of consultants would be pleased to meet you at your convenience.

Photo Source: Bing Images

RAISING FUNDS, THE KCC WAY

June 11, 2018 Published by kccadmin

Korsell Corporate Consult has a commitment of ensuring businesses survive, even in the face of differing circumstances. We understand the challenge that arises with raising funds, due to the incensed disposition the economy hurls at startups and entrepreneurs. Nevertheless, KCC offers a scope and medium to reconcile these challenges with the prospects that are available, in sync with the mission that drives our existence. If there was ever any ease with which startups and existing businesses would raise capital, it has to be because KCC has a record niche with the ease and simplicity with which it offers this service.

Accessing funds is a herculean task, and rightly so, given the substantive advantage, wealth and worth it brings to a business. Nevertheless, KCC opens the Pandora’s Box a second time and lets you in on a leap into the hope and glaring prospects that subtly lie obscured and scathed from your eyes. We have a network of investors with a net worth that transcends the raw cash you would need to an emphasized premium on value and returns. Hence, we do not only help you with capital brokerage, we guide you into making the best financial decisions for the sustenance of your business and project.

Our equity investment plan keeps you alive in the long term and equips you to increase your revenue base significantly. Our fund brokerage process encircles an assessment of your eligibility, not necessarily to declare you unfit for the capital brokerage service, but summarily to present you with a needs diagnosis that would prove its utility in the administration of your business, when you are ready to grow.

It is necessary to note that the generally accepted eligibility requirements for accessing capital and funds are a 3-year audited financial report of your organization and a complete business plan. Nevertheless, different investors provide different requirements and our role in the brokerage process would ensure that your best interests are emphasized at all times and a regulated system that is applicable and specific to your organization.

It has never been a gentleman’s thing to leave you short and clueless on the road. While we commit to best practices, rest assured that KCC would guide you through to financial liberties and untold wealth. Living your dream is definitely possible, the KCC way.

Image source: Google Images

THE PROBLEM WITH RENT

June 8, 2018 Published by kccadmin

Business do not thrive in a vacuum. Whether you decide to operate from home or a specially designated office space, you are not absolved from the realities of the rent problem. Ghana has a rent policy that is as applicable with businesses as much as it is with domestic residence. Nevertheless, the truth is that rent charges would increase without regard to the success or otherwise of your business. It is important to forecast these potential increases and adopt best strategies to effectively handle them.

Rent hikes and underpricing are a result of a disequilibrium in the market demand and supply for housing. Substantively thence, it is necessary to understand that rising rent prices are an indication of high demand for same. At this rate, it is nearly impossible for real estate and home owners to consider reductions in the rent charges. This means extra costs for your business, one you may just not be ready for as a startup.

In this wake, consider a long term ‘Buy Your Building’ program. This is a bold agenda and comes with significant sacrifices and commitments. The net effect in the long run is however tremendous. It affords you the chance to recoup extra costs that may have been incurred in previous years and lets your business entrench its vision to be permanent. Given that you have committed such significant resources to purchasing your office space, chances are that you definitely would not want to fall out of business. Inadvertently, you kill two birds with a stone.

An alternative to the sole purchase of your rent space is to share the absolute cost with other businesses that occupy the space with you. This joint rent ownership is healthy only when the businesses involved produce dissimilar goods or services. The summary prospects are much the same as the ‘Buy your building’ program described above, except that it is relatively less expensive since the cost is shared with others.

Perhaps, the most important option you can consider is to rent out portions of your business space to other entities in order to increase your disposable income. Of course, this must only be done with the permission of the owner of the facility. The idea here is to ensure that no space is left vacant when it can fetch additional income. Rent out your conference facility to a group that needs it more than you probably do, sell your unused parking area to private entities that may request access to the facility you are located in etc.

At Korsell, we believe your business must thrive regardless of the circumstance you operate under. If there is a problem with rent such as undue rent charge increases and shock evictions, we recommend you talk to the Rent Control body in Ghana for the best redress. Nevertheless, adopt these strategies and keep your business operational. Remember it is important for your customers to identify you with a central location at all times.