Managing Take-Off Stage of an Income Generating Project

Starting a income generating project is a verywarning for those implicated in revenue losses.
challenging. It is an outcome of several ideas tried oneHowever, the statement of caution must carry
after another -sometimes at ago. Several failuresconsequences and be made clear. Possibly,
prompt some proprietors to visit the spiritual world forrepercussions should be written on paper and copies
intervention. It has taken some Ugandan businessmengiven out to every member working for the firm. A
crazy and fierce actions like human sacrifice. Humanbrief summary of them can be pinned on the walls as
sacrifice has been more pronounced this year -withreminders.
the greatest proportion of victims being children.And of course, he (project owner) must review them
Whereas some have had project successes either byweekly or monthly -to ensure effectiveness and
coincidence or mere inspiration after consulting theefficiency towards the projected goal. A choice too
spiritual world, others have taken on proven dynamicsmay be made to reorient them in basic business skills
necessary for project success. At the beginning, it isand ethics. If it is about pressure to fulfill their career
nothing but a one-man project. Positively, this helps togoals, career guidance can be integrated to provide
minimize costs by saving what would have beenthem with different channels to success. While if old
incurred at hiring several project assistants.bad stories occur, the family member involved must be
But there is always a time -when the project branchesfirmly relieved of his or her daily business input.
out into different growth lines, so much that the projectUsually, it is by asking him or her to go for a holiday
founder fails to be at all points. For the the sake of-until "certain company issues are rectified." The
trust, the founder will prefer hiring able family members.proprietor may not have to be exact about the kind of
The challenge to it, however, is that family issues oftenissues. Some money to take him or her through life
override business interests -by way of hired relativesafter the current job to another one can be given.
siphoning from project resources to solve familyThis shows continued care for the worker until his or
financial crises. The nature of relationships will alwaysher last step out of the company -while at the same
provide certain excuses for wrong business ortime humbly asking him or her out to go home -as
management decisions. Compromise will be the order"investigations" get underway. As already noted, it is
the the day -regardless of how much revenues arejust diplomacy at work. It will take him or her several
stifled and the direction the project may have turnedmonths to learn that, indeed, the job is gone. Perhaps
to.until the promised phone-call for long time fails to show
As bankruptcy crops in, the project founder will find itup.
painful to attack or blame family members -which, inIt will not be so long when the proprietor soon starts to
turn, accelerates the problem. Indeed, it would takebuild trust and confidence in human resource outside
proprietor a long time before changing the action ofthe family. But, even for them, they must have
bringing family into business for another. It becomesrecommendations from renown and trustworthy
even worse when the founder has to a few otherpeople in order to reduce risks due to theft and
assignments outside the business or project line.mismanagement.
To succeed beyond this level, the project owner mustWhoever is brought in, given his or her desired skills,
rethink family continued family involvement in affairs ofabilities and personality-fit, must be put on probation to
the firm. He or she can do this by investigating lossesundergo a period of on-job training and evaluation.
-either by himself or someone else. However, anSuch are intended to have the trainee adopt the
independent report would be comprehensive, mostmuch-desired business values to pursue over a
interesting and highly motivating to implement.considerable period of time. This also empowers him
Following that, the founder can embark on keyor her to make autonomous decisions pertaining to
adjustments -which may be; to strengthen theproject or company goal -where for contentious ones,
monitoring and evaluation team, teach family membershe or she simply seeks the proprietor's intervention or
basics of business-monitoring accompanied by sternadvice.