....Inspired beyond boundaries

Author: Mirabel Fiona

small

Start small, but don’t end small

The business world may appear lucrative and eye-catching, but building a small scale business into a giant conglomerate is never an easy task. It involves a whole lot of processes and principles, which many find so tough to implement. 

One of the many advice entrepreneurs are given while venturing into the business world is to start with whatever resources one has. So many business owners who have chains of businesses never started big. 

The first step is to birth that profitable idea into life. Not all ideas may eventually become profitable when implemented. Test run the idea on a small scale using different business tools and confirm if the feedback is positive or not. 

Secondly, draw up a watertight business plan, outlining every aspect of the business and the model to be implemented. If you not too good in the technical areas of the business plan, that can be outsourced. 

The next step is one of the most crucial steps in your journey towards starting that small business of yours. You got to draw up various sources of funding for your business. Personal savings, family and friends, local thrift/cooperative society, money lenders, banks, and donor agencies are some of the options available. In making your choice of where to draw your funding from, wisdom must be applied. 

Finally, having secured funding for your business, ensure you already have all the contacts, tools, and other logistics in place before attempting to kick start the business. A small scale business is like a small car about to undertake a long journey. The car needs enough fuel (finance) to get to the desired destination. A  Good engine with the needed lubrication, proper valve checks. 

Note however that the beginning of every business venture is usually tough and filled with lots of hurdles. It’s not smooth sailing like most entrepreneurs usually find out at the middle of the journey. The most crucial aspect of starting a small business venture is to aim high and avoid staying at the same level each year.

There is always room for expansion as the business starts picking up. Financial institutions are always keen to support a thriving business as long as they’re a mutual relationship when it comes to funding repayments. As we approach the end of the year, let your goal of setting up that small or medium scale investment become a reality.

COVID-19

Everything you need to know about Coronavirus

Coronavirus (COVID-19) has become the number one subject in print, electronics, and social media in the past few months. It is been classified as a pandemic by the World Health Organisation (WHO), due to its global impact and the devastating effect it has had on the entire world. As of today, the 10th of May 2020, the total number of deaths globally, has risen to 279,000, while the number of confirmed cases stood at 4.02Million. A total of 1.38 Million people have gladly recovered from the virus.

What is Coronavirus?

It is a novel virus that is infectious. One significant fact about the virus is that it affects the respiratory system, which includes your lungs and airway, making it difficult for those infected to breathe properly. Patients infected with the virus are usually aided with ventilators. Some symptoms of the virus include high temperature and dry and persistent coughing. Scientist says the virus can incubate in the human body for up to 2 weeks.

Origin of Coronavirus

It all started November last year, in the famous Wuhan seafood market, in China. It is believed to have come from bats that were sold in the market. Unfortunately, it took a while before the World Health Organisation (WHO) announced the first case of the virus in China. That announcement came on the 31st of December 2019. The seafood market in Wuhan was thereafter closed, but the damage had already been done as the virus had spread to other countries.

Issues became a bit hostile when the American president during one of his briefings in March called Coronavirus the Chinese virus. He claimed China knew about it before it escalated and that they should have reacted faster to stop its spread.

Any hope of getting a vaccine soon?

The race to get a vaccine is still on in different parts of the world. The truth, however, according to medical experts is that it will take approximately 10-15 years to normally produce a vaccine. However, this process can be fast-tracked to between 3 to 6 months at most.

What is the process involved in producing a vaccine

  • Basic understanding of the virus
  • Vaccine candidates
  • Pre-clinical testing to be carried out on animals
  • Clinical trials to be carried out on humans
  • Regulatory approvals
  • Production

it is undoubtedly a meticulous process, but as the world awaits some good news about the production of a vaccine to combat this dreaded virus, the lockdown has been put in place in virtually all countries affected by this pandemic. The situation has grounded all sporting and social activities and only essential workers are been allowed to go to work.

Some safety tips

  • Stay at home and only travel when it is very essential
  • Maintain social distancing of 2 meters apart when you go out for shopping or while with others.
  • Wash your hands with soap and water for at least 20 seconds regularly or use hand sanitizer
  • Cover your mouth and nose with a tissue when you sneeze or cough
  • Wash your hands before and after touching food items at home

For now, the Coronavirus figures have seemingly peaked in most countries and there are plans to relax the lockdown in France, Italy, and even the UK in the coming days. Hopefully, the worse of the pandemic has passed, and things will start picking up in most countries where there has been complete chaos as a result of the novel virus.

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