Victor Makau Ndavi

BUSINESS AND INVESTIMENT 1.STARTING A SUCCESSFUL BUSINESS Business is buying and selling or exchange of goods and services aiming in profit making. Someone can start a business as a profession, hobby, rehabilitation, excess commodities, etc. Starting a business someone has to consider several factors; A) Location- The place you're starting your business matters a lot. A businessman you have to find the economic activity of the place. You'll have to find what is inadequate in that area and specialize on it. B) Security- Any place worthy a business, and a successful one, cases of theft should be minimal at all cost. Presence of nearby police stations are very important to investors and entrepreneurs. Floodlights to light-up the market place at night hours boosts up security operations in the area. C) Demand- All goods and services are highly needed at different times or seasons. When market demand is high, prices of those commodities goes up and as result attracts more entrepreneurs in the business to help meeting the market demand of that commodity. D) Infrastructure - Good road networks attracts entrepreneurs to start or expand their businesses in that region. The best time to examine the nature of the roads is during rain season. When the roads are muddy and impassable an upcoming entrepreneur will access how he/she will be operating the business and how much more will be required to invest in during those rain seasons. An impact in poor road networks gives the scale on how much certain commodities will be demanded hence making determination on your business at the final end. E) Banks - In today's generation, it’s hard to start or run a business without the hand of a bank. As a businessman you'll need a bank to save your profit, to cover up your business with loans and insurances and expanding your business by either adding stock or opening new branches in other areas. F) Communication network - Poor communication networks acts as barriers to business growth. Times of emergency any business person will need an argent response. Communication is of utmost importance in business communication for several reasons: 1.Clarity: Effective communication ensures that the message is clear, concise, and easily understood by the receiver. This reduces the chances of misinterpretation or confusion, which can lead to errors, delays, and other problems. 2.Building relationships: Communication helps to build relationships between colleagues, customers, suppliers, and other stakeholders. By fostering open and honest communication, businesses can establish trust, build loyalty, and develop long-term partnerships. 3. Innovation: Communication can also drive innovation by encouraging the exchange of ideas, feedback, and suggestions. By creating a culture of open communication, businesses can tap into the creativity and expertise of their employees, leading to new ideas, products, and services. In today’s competitive business landscape, having a strong brand identity is essential for success. One of the key elements of a strong brand identity is a well-designed logo. Your logo is the face of your business, and it plays a crucial role in shaping how your target audience perceives your brand. To have business well known by many needs address code and contacts, social networks and legal registrations. Frequent training's a specialization on different sectors in your business helps in a successful growth.