The platform, which was made official after the signing of an MoU on Tuesday, in Lagos, will allow subscribers on the Airtel network to send and receive money, buy airtime, pay bills and carry out other forms of transactions without owning a bank account. And the mobile operator has stated its confidence that the innovation will revolutionize the mobile payment industry.
Unless you have a star chef or a novel cuisine, chances are you will have trouble standing out from the crowd. Gaining a competitive edge requires a detailed analysis of the demographics of the surrounding area and the nature of existing competitors.
And even if you are successful at first, new competitors could enter your market at any time to steal your clients.
Find an area with few competitors that serve food similar to yours. Pizza places, for example, face enough competition from other types of restaurants without having to fight each other. Choose a highly visible location that has a suitable consumer base nearby.
A residential area with a high percentage of families with young children would offer more potential clients, especially if there are relatively few local restaurants currently serving that demographic.
Chances are any region you choose will have at least a few competitors who target the same consumers. Other restaurants are obvious rivals, but supermarkets, convenience stores and any other businesses that sell prepared food are also competitors. Identify the strengths of each competitor.
Fine dining restaurants might have expert chefs who excel at cooking in a particular style, making them difficult to beat. Fast food restaurants offer quick service at low prices. Identify the weaknesses of each competitor. Fast food restaurants offer the same products everywhere, so consumers might be ready for something new.
Choose a focus for your restaurant that takes into account the strengths and weaknesses of your competitors. Offering lower prices than your competitors might attract consumers, but don't compromise the quality of your food and service. Analyze new competitors immediately to identify potential drains on your business.
Adjust your restaurant to compensate for meaningful shifts in nearby competition. For example, if a low-cost pizzeria opens near your Italian restaurant, focus on your ability to produce high-quality entrees in addition to pizza to maintain your competitive edge.
Tip Never relax your standards.V Stakeholder Support InfoDev would like to acknowledge the following stakeholders for their guidance, support and input through the conceptualization and development of this business plan for an Ag-ribusiness Innovation Center (AIC) in Tanzania.
There is no general legislation governing the payment systems in Tanzania, though the law relating to the business of banking, to harmonise the operations of all financial institutions in Tanzania. (d) The Bank of Tanzania Act, The Act encourages competition in the economy.
It . Information, Culture, Arts and Sports minister Harrison Mwakyembe argues that by recruiting them, the beauty competition will be seen as a bridge to success for Tanzania’s beautiful ladies. License Gust For Your Investor Organization To expedite your consultation and onboarding, please fill out the following form to help us understand your group.
Gust is a deal flow management platform available for free to investor groups affiliated with Gust's partners. One Acre Fund is a nonprofit organization that supplies smallholder farmers in East Africa with asset-based financing and agriculture training services to reduce hunger and poverty.
Headquartered in Kakamega, Kenya, the organization works with farmers in rural villages throughout Kenya, Rwanda, Burundi, Tanzania, Uganda, Malawi, and Zambia.. Using a market-based approach, One Acre Fund. Are you looking for a second income?
Consider representing another company to sell their cosmetics, gifts, insurance, timeshares, etc. You will not have to write a business plan, invest a lot to get started, and can work your hours.