EXERCISE 6 - EXPANDING MY BUSINESS

Objective

The objective of this exercise is to equip participants with knowledge in business development and expansion after operating their businesses

Description

• Participants are expected to reflect on their individual running costs to see if they can save in order to expand their businesses.

• Participants also get support and new ideas from their Mastermind Groups to save and expand their businesses.

1. Ask participants to reflect on and write/draw the running cost of their individual businesses. NB: Facilitator should guide participants to write down cost elements that savings can be made on towards the growth of their businesses. Eg. Can savings be made on communication, purchase of charcoal etc.?

2. Put participants into their Mastermind Groups to reflect and share their experiences on the cost of running a business.

3. Participants at the Mastermind Groups write/ draw cost elements that savings can be made on, in running their business.

4. Groups present to plenary.

NB: Facilitator to guide other groups to give feedback that can be incorporated into the cost of running a business.