Transcript Document

CAREER PATHWAYS
By: Maalik Fahd Kayondo
Business/ Industrial Consultant
@ Telesat International
C.E.O – Telesat International
 Organizing Secretary –KACITA – Uganda
 Vice President – Bead For Life (USA)
 Country Representative – Amatrol Inc (USA)
 UNBS Metrology Tech Committee
 National Working Group on Food Fortification
(Min of Health)

Copyright Inspector – Uganda Registration
Services Bureau (URSB)
 Member – Writers Guild of America (West)
 Member – PSFU, UNCCI,
 Board Member – Buddo Parents’ Academy
 Certified Mentor – TechoServe
 Certified Packaging Consultant – ITC
Switzerland

Manufacturer – Beauty Products, Bio –
Digester Plus
 UN Global Accelerator 2014
 Unreasonable East Africa Fellow 2014

About us ……..
Services & Products:
 Skills Training
 Consultancy
 Industrial chemicals & machinery/ equip
 Clear Face Products, Bio – Digester Plus
Present Situation
BUSINESS START UP:
Entrepreneurship – no submission to a
selection process, you are the sole
arbiter of your fitness
Note: - self – selection means self analysis;
know yourself
Who makes the break! Talking for years
but never making ultimate step?
WHO ARE YOU?
Lying ahead of you may be for a number of years,
is the unknown: financial `insecurity, long
working hours, long-term financial obligations
and, at the end of it all, possible failure. But;
The conventional image of an entrepreneur is of a
strong – minded, positive risk-taker with a sense
of destiny, seizing the ever-present
opportunities.
Are you that sort of person?
WHAT DO YOU WANT?
What is it that you hope to acheive by starting
a business?
- Monetary gain, status or confortable working
environment?
- Flexibility!
- Manageable risks & stress?
- Independence!
WHAT WILL IT BE LIKE?
A few find the whole operation smooth
- Others pretend that all is well
- Some openly admit how hard it is
You can’t know when things will get right
-
Money
–A partner to fall
back on
Forget about holidays
Consider calcualted risks
Seek ways of overcoming
stress as you can’t escape it
Type of work – jack of
works (all in one)
WHAT WILL IT BE LIKE? CONT’D
Independence
– in case you have no loans
Achievments – learn from failures, manage
them
Power – can be counter-productive
But all is not negative
WINNING POINTS:
Success can depend on:
- People involved – strength, weaknesses
- Idea & market – add required experience
- Sufficient funding – covering all shortfalls
A personal SWOT analysis!
 Strategic
leadership - skills
 Marketing management
 Quality based operations
 Talent management (right people in
right places)
 Financial literacy
TRAPS TO AVOID!
Overestimating
sales,
underestimating how long to
achieve them
Underestimating costs
Failing to control costs
 Loosing
control over cash, too much
stock, bad debts and prompt payments
to suppliers
 Failing to identify the market
 Failure to retain clients – products do
not meet customer need
TRAPS – CONT’D
 Poor
skills – marketing, financial, production
or technical
 Lack of a compatible & complementary
team
 Unnecessary risks
 Underpricing
You can’t be an expert at everything
BUSINESS IDEAS
-
-
Ideas don’t necessarily have to be novel,
original or revolutionary.
Selling a new service or product is not
easy
Just mind about how your product/
service can get above others
BUSINESS IDEAS CONT’D
-
-
-
Identifying a market that looks ripe,
acquiring the necessary technique
Shortlist 3 – 4 ideas. Research on
them
Consult an expert on each
WHICH IS THE BEST MARKET?
Ideal market is the one that;
- Is growing or is large
- Supplied by inefficient suppliers
- Has a niche or sector that you can exploit
- Is not heavily dependent on price
- Not too brand based – brand loyalty
WHEN IS IT IDEAL TO START?
Tough economic climate doesn’t
mean doom for starting a business,
look out for individual markets that
present opportunities.
Ideal conditions may never come
Which way now?
WHICH CAREER PATH
Entrepreneurship!?
-
General trade?
Agriculture?
Agro processing?
Professional services? Or
Abandon the whole idea!
Uganda
Population
34m People
East African
Population
130m
GDP
(Uganda)
U$508
GDP (E.
Africa) U$
506
Population
(China)
1.344Bn
Population
(India)
1.22Bn
GDP (China)
U$ 5419
GDP (India)
U$ 1500
THE SMART CHOICE
Entrepreneurship




Unemployment and underemployment.
Unlimited income
Unlimited opportunities
Reliable fall back position after
retirement
FROM NECK TIE TO OVERALL
Considerations:
1. Don’t start with loan money
2. Availability of project requirements
3. Process technology
4. Target market
5. Sustainability
 Identify
available opportunities
Cottage industrialization?
- Working at home
- Micro or small scale projects that can be run
with little capital input.
THE END
Maalik Fahd Kayondo
C.E.O/ Lead Consultant
Telesat International
Burton St, Platinum H’se, 2nd Floor, Room B.3
www.telesatinternational.net
E-mail: [email protected]
Tel: 0312 288 120, Mob: 0712 807 716
Personal: 0392 945 667