It's October 10th today, a holiday that used to be called Moi day or Remembrance day but I'm no longer sure if that is still its name these days. What I am sure about is that it is a holiday, and I hate it. I have a number of entrepreneurs here at GEC who hate it as well. But wait a minute, doesn't everyone love holidays, a chance to relax, take time off, enjoy the fruits of one's labour?
Not entrepreneurs. For an entrepreneur a holiday means: lost opportunities, lost income, absent employees, delayed cheque clearances, delayed deliveries et cetera. Holidays are the number one killers of entrepreneurs.
Don't get me wrong, holidays like Christmas and Easter are welcome, even feted by entrepreneurs. But what's with these irrelevant holidays, what are we celebrating today anyway? Earlier this year there was an even more irrelevant holiday called Prayer day. And let's not forget the dubious "celebration" holiday right after the last general elections.
Understand where I am coming from, with a workforce of 11.85 million, every holiday we lose 94.8 million man hours, or in money terms: 2.4 billion shillings!! (figures from www.cia.gov ) Enough said, ban the irrelevant holidays and lets get back to work.
Differences between a Business Name (Sole-Proprietorship / Partnership) and a Limited Liability Company
While consulting for our online company registration service, Incorporator I find myself answering the question "What is the difference between a sole-proprietorship and a company?" Anybody who is considering starting a business must consider what type of business structure is needed for his or her particular situation. In Kenya there are three types of structures that one can use to start their business. 1. An LLC, or Limited Liability Company 2. A sole proprietorship 3. A Partnership A Sole-proprietorship and a Partnership are registered through the same manner (Form BN/2) with the exception that a partnership has more than one owner and although not necessary, entrepreneurs are advised to register a partnership deed as well. In this article all references to sole-proprietorship also include partnership. Understanding the advantages and disadvantages of each structure is important when deciding which one you want to use for your company. ...
Comments
We should expunge his name from all the schools, streets & definitely the "holiday"...
Will kibz want a day for himself as well?