I’m still in a bit of a jetlagged daze as I attack my email inbox this morning. I’m so grateful I had this note waiting in my inbox about the business training seminar we put on in the Matopeni neighborhood of Nairobi for our partners
Dear Brian, this is Peter, we met at the candlelight ministries where Chuck delivered a very motivating talk on business.This is to thank you for the good work that your org is doing in our country and also to assure you that the seminar was not in vain.I have tried to pass on the message to my peers at komarock and we really are trying to change our approach to business so we can register better returns.Please keep in touch and kindly inform us when you next visit.God bless you.Regards-Peter.
In the seminar Chuck covered:
- Revenue – Cost = Gross Profit
- Gross Profit – Income = Net Profit
It is a problem that plagues all businesses worldwide: you get a $100 check from a client and think “Yay I have $100!” Not so, as Chuck explained using the metaphor of selling eggs. You have to factor in costs of buying more eggs to sell, transporting the eggs to a market, broken eggs, employees, refrigeration, and so on. Only after those costs, and after taking the income you need to live on, do you have your actual net profit.
It was incredible to watch the light bulbs go on in these social entrepreneurs heads. One attendee said “this changes everything…now we know why our businesses have been failing.”
These brave entrepreneurs are truly my heroes, it is a privilege to serve them and support their work.