
Today a core group of entrepreneurs gathered at Slumberland for an “Expert Seminar”.
Over the years, we have trained dozens of people in large session settings – often 40 – 60 people at a time. These seminars have typically been a detailed introduction to business. Our goal from the beginning was to educate as large a group as possible and to watch which entrepreneurs stepped forward and which faded away. The 12 entrepreneurs that gathered today are the cream that has risen to the top. They are all people who have shown great interest in taking their businesses to the next level and have all been mentored by George and I, all produced business plans and a number of them have received loans and regular mentoring from us. We have decided that our best strategy will be to help this group go farther in their endeavors, rather than doing another “beginner” seminar for people of all kinds. Rather like tree farming, we are thinning the forest to allow the strongest trees to grow as quickly as possible. These are our mighty oaks!
We held three sessions today: Marketing, Business Risk and an Open Forum. Our goals were first, for people to continue to build on their understanding of the business concepts we have taught in the past, second to apply more advanced thinking to their own businesses and finally to have the group learn to work together, sharing issues, ideas and building camaraderie. In some ways we would like this group to become like a YPO group. This, then, becomes the group into which we pour most of our time and attention, these are the businesses that we look to help expand and grow, and this is the group that we hope will become the role models and mentors for all other entrepreneurs. I have known some of these folks for nearly five years now, and they have become good friends. We are able to talk openly with each other can challenge each other. This meeting was a very healthy exchange of ideas.
The great value for the participants at this meeting was that at each step in the teaching on marketing and the 4 P’s (Product, Price, Place and Promotion), we allowed the group to apply the teaching directly to their own businesses, had them write up their ideas on paper sheets which we hung on the walls, and then discussed them and affirmed the good ideas and questioned the less valuable ones. At the end of the day, each person had a first pass at a comprehensive marketing strategy, which we will now develop with them in the coming weeks and months. The most challenging task was for them to describe their businesses Value Proposition (what product to what customer segment in a way that would allow for sustainability?). We might be in Africa, but there is no point developing a business unless there is a clear understanding of how the business can win over the long haul!
George is really good at creating dialog in meetings like this, and the format that he had us follow really allowed for a great deal of interaction. The group came together and is looking forward to the next session that they can have together, which might be when George is next back in August. Their major complaint is that there was more to be done and that this was only a one day session!!
Incidentally the session was sponsored by the Mango Fund, a new fund that George has been able to raise with the idea of investing in growing businesses in East Africa. Thanks MANGO!
Unfortunately George leaves for Nairobi tomorrow to be a judge in a business plan competition there. I will miss him. I really enjoy our work together and his heart for economic development and social investing.
I will head out tomorrow to a building site of one of our investment companies and later spend time with the Board of the Business Vision Arua 2009 Community Based Organization that we helped found here, and the diocesan board of the Church of Uganda looking at a real estate development project they are considering.
Further good news, there was substantial rain overnight and people are planting with great urgency.
Please pray especially for George as he travels to Nairobi through Entebbe.
Blessings
A
No comments:
Post a Comment