Mwalimu Commercial Bank Plc (MCB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2019 interim results for the forth quarter.For more information about Mwalimu Commercial Bank Plc (MCB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Mwalimu Commercial Bank Plc (MCB.tz) company page on AfricanFinancials.Document: Mwalimu Commercial Bank Plc (MCB.tz) 2019 interim results for the forth quarter.Company ProfileMwalimu Community Bank Limited (MCB) is a commercial bank which is wholly-owned and promoted by an umbrella trade union of teachers in Tanzania. Tanzania Teacher’s Union (TTU) is a trade union established under the Employment and Labour Relations Act 2004. There are over 200 000 members across all regions in the country. MCB meets an important need to provide affordable and accessible banking products and services to teachers in Tanzania. MCB offers a diverse range of products and services geared to empower teachers and other civil servants to improve their living conditions and transform their lives. Mwalimu Community Bank Limited is listed on the Dar es Salaam Stock Exchange
is now more and more people to join the investment to the catering industry, especially there are many university graduates to do catering, but for a lack of business novice entrepreneurs, the catering stores need to pay attention to what?
here to remind the novice to pay attention to the first 9 sticks, believe it or not with you:
1, the industry is very deceptive, huge crowds of people on the surface, the gross margin is very high, generally 60-70%, because the rent, labor, utilities Bu, business tax, equipment depreciation decoration, in fact, pure interest rates so that good fortune 20%, generally around 15%, the pure interest rate more than 30% basically are tourist attractions make black boss, see a butcher one.
2, the taste is very important, there is no secret people don’t say a dumpling shop like dumplings, rice like Yoshinoya, rice is better than real Kung Fu, such as delicious pizza hut. Yoshinoya in order to protect the secret, even the soup ladle is made of small package material transported from Japan, even do not know China Yoshinoya composition and ratio. Those who do not cook, even different brands of soy sauce with the taste of the seasoning is not the same as those who do not know, would like to open a cattle X shop, I saw a straight laugh. This is not only think of you, in fact, they also want to shop manager alone, compared to the store manager, the probability of your success is much smaller.
3, don’t trust your eyes, sometimes you seem to be doing a good job, and maybe in the off-season business will go down, unless you plan to do 6 months a year. Such as ice cream, drinks and so on. Zhiyingdian street in Beijing, in the winter time when the door is closed too, because not enough money wages and hydropower, rather than open rent loss.
4, don’t be too superstitious is not afraid of deep alley, and money can make the classic theory of business talks. If you shop in 2004, in the SOHO, the Pan Shi Yi, 2 million is enough for you to pay for half a year, who are all killed, of course, now seems a good point. When the SOHO business department desperately invite KFC, McDonald’s, Yoshinoya, Pizza Hut and other well-known brands to stay, they are responsible for the location of the staff to look at the left, then the results are basically in the novice, half the time, almost all the shops in the 2 round. 60 thousand people a day commitment to commercial street traffic, the results after the opening in addition to internal staff, less than 50 people. Don’t think KFC site personnel is to eat plain white rice, others are afraid to do master, rookie more courage to die sooner.
5, if you really have to do, be sure to put half of the money in the bank, in case there is no way to open shop. Those who easily take parents capital and mortgage of young people, the general consequences are I feel shy to say. Because I also impulse, burn money, hope that fewer people fail. < >