Entrepreneurs must continuously seek it knowledge that can help keep their enterprises afloat in the face of stiff competition.
According to Charles Ocici, an international enterprise development mentor, every business must have a continuous value addition strategy that considers adding something new to keep it with the changing business trends.
Ocici, the executive director of Enterprise Uganda, noted that ensuring posterity in business requires managers to tap knowledge from professional business mentors.
“Learning in business does not end. As enterprises grow, they still need to be watered with new innovations it doesn’t matter whether you get that knowledge from experts or your competitors as long as you appreciate that what they do is better than yours,” he said.
Ocici was addressing more than 1,500 participants in a one-day seminar at Imperial Royale hotel last week as one of the key activities to mark the Global Entrepreneurship Week (GEW) 2014 under the theme: Breaking Business Barriers.
He pointed out that Uganda faced a high mortality rate of small businesses because owners didn’t mind about formalising them. He said many owners had failed to separate business from personal interests.
The Global Entrepreneurship Week is the world’s largest celebration of innovators and job creators. During one week every November, GEW inspires people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators.
These activities connect participants to potential collaborators, mentors and even investors about different opportunities. The initiative was launched in 2008 and has since grown to 125 countries.
Source : The Observer