About BFA
BFA is a consultancy that specializes in providing business planning consultancy and training
solutions to Micro Finance Institutions (MFIs) and their beneficiaries, Non Governmental Organizations (NGOs) and the private sector.
BFA helps clients find new and exciting business opportunities, by giving advice and linking them to websites and online resources, as well as having an online store. BFA also has experience in the new areas of carbon offsetting and Free / Libre Open Source Software.
BFA works with the client to analyze their situation and then follow the BFA philosophy - “the priority of all successful business, is understanding the customer’s needs!”
CUSTOMERS = SALES = MONEY IN = GOOD BUSINESS!!
Business is not complicated like science, but is logical; the right questions need to be asked. Business For All is designed to make clients ask questions about their business / organization, as the answers will help the business or organization to develop.
The first step is ANALYSE the current situation, then THINK what needs to be done, before PLANNING any ACTIONS and finally ANALYSING the success of those actions; this is known as the Learning Circle.
BFA 10 guiding principles of good business
Whether BFA is conducting training, doing business planning or consultancy work, there are 10 guiding principles, which if followed in conjunction with the Learning Circle, will help any sized business grow, whether the business is selling tomatoes in a market, or an international company.
- Motivation: mission statements, objectives, targets and goals
- Understanding: and analysing the business i.e. SWOT analysis
- Market Research: “3Cs”: customers, competitors and costs
- Costing: direct, indirect and fixed.
- Logistics and organisation: stock, transport, time and communication
- Pricing: how to set an appropriate price
- Promotion: competitive advantage and USP
- Cash flow: “Money in, money out”
- Diversifying: same products new markets / new products same market
- Re-investing: and helping the business to grow
BFA’s Mission Statement
To be the number one capacity building resource in business specific planning, training and consultancy for Non Governmental Organisations (specifically micro finance institutions), Government ministries and private sector entrepreneurs.
