Starting a business is a leap of faith even in the best of circumstances. We at Kuza Biashara are focussed to encourage these daring small business owners who have the potential to innovate and change the world by contributing to the nation’s economy and livelihood.
There is nothing that screams get-rich-overnight like seeing a pauper waving a giant dummy cheque having won a mega jackpot. The smile that usually accompanies that cheque goes a long way in sealing the fate of the doubters and remaining pessimists. With the cost of living sky-rocketing and the rate of employment literary going over the roof, chasing money has become a tell-tale that every Kenyan wants to partake of. Continue reading
When I first met Sally she was in the verge of giving up on her business. She had tirelessly worked for over 10 years to make it profitable. She had beaten all the odds to maintain her profit margins year after the year. Her business now was sinking though she never got to know why. As we were discussing the issue, a few things came up. The business was doing well until the time Bob, her husband came in as a business partner. Continue reading
A rolling stone gathers no moss. A business that gets caught up in this downward spiral needs a radical transformation in order to stop itself. See the following signs as you evaluate yourself and your business. Continue reading
If as the entrepreneur, you are the key resource in the business, you are inviting stagnation. If you keep the master plan close to your chest and do not delegate or share with your team, you will stifle your business. The “dream” will end up becoming your prison as clients become your boss. You will hand over your keys of prosperity and sustainability to the clients you serve. Continue reading
2 years?
Yep! With the current status of things, we the investment bankers in Kenya don’t see the light at the end of the tunnel for at least 2 years to come. Continue reading
If workplace safety isn’t at the top of your priority as a business owner, then you most definitely need to re-asses. Putting safety practices into place should come from a place of caring, but it will also prevent you from being faced with any nasty penalties or fines if anything goes wrong. Continue reading
Last month’s budget was declared as a win for all Kenyans. Most people looked to emphasize the gains made for the “common mwananchi”, ..not a very favorable term just so you know. Continue reading
A while ago, I was asked by the YALI Alumni network of Kenya to speak at a forum on Technical and Vocational Education in KICC in Nairobi. The topic was “What it takes to become a successful entrepreneur?” Continue reading
‘Millennial’ is a marketer’s term that classifies a generation according to their response to the technology of their times, addressing those born from the early 1980s to early 2000s. I think it is a much better way of describing the people currently under 40 years of age as opposed to calling them ‘HTML Fivers’ or ‘Social Mediarists’ or ‘Memers’, I killed the English there. Continue reading
The economy is beginning to stabilise and gain traction after the crash in 2007. Now, more than ever, people are trying their luck and becoming a new business owner. The market is becoming saturated with various different industries, but the first two years separate the strong from the weak and it’s during this period that a whopping 80% of new businesses fail. Here are some little sure-fire pointers to get you on your way to business success… Continue reading
In business, your greatest competition is yourself. You need to stay sharp and on point to be able to cope with the changing times. As an entrepreneur, your success in running a business is depended on how you run your business. Success is not really run by the products but by how you execute plans and strategies to be effective in your venture. Continue reading
Successful technology startups require more than just great ideas, efficient business processes, and access to venture capital in order to achieve greatness. Hiring a strong team that will be fully dedicated to executing the business plan is a more important factor for startups, particularly when the vision of the company cannot be executed with the founders working by themselves. Continue reading
