Skip to main content

Do or Die

When you start a business and its a Do or Die agenda the possibility of you succeeding is much higher than when its done as a side hobby. For instance, if payment for where you stay and what you eat is dependent on the business you are doing, trust me the chances of you failing are reduced substantially.

However, even if Do or Die, I came to discover there are many other additional things that will affect the success of your business. According to the Ministry of Trade (Kenya), those additional things include "being able to craft good strategies that can exploit the opportunities in the environment". These strategies don't just come by you, they are based on theories made practical.

How are we expected to get these theories made practical?

Well its simple ...training! A number of us (small business owners) don't look at training as an asset. Training well done can substantially increase your profitability. And am not talking about an MBA or an MSc...am talking about very practical workshops that increases your knowledge of the day to day challenges of doing business.

4th September 2009 is therefore an important date to note for SMEs. This is the date when the British High Commission together with AFRI Business Development will kick off a series of trainings that provide practical advice to SMEs. These trainings will include courses in areas such as Starting and Running a Profitable Business, Selling Your Product Successfully, Running a Business from Home and many others. All of the workshops are open to ANYBODY thinking of starting or already running their own business and are suitable to ALL types of business idea.

These trainings should provide you as a business owner the essentials of doing business. Remember when starting and running a business it’s important that one gets the essentials right.

For more information on them contact the trainers at T: (254) 20 2515001, M: (254) 726 057212 or email mail@afribusinessdevelopment.com.

Comments

Post a Comment

Popular posts from this blog

The Last Crumb

The year was 2014, July to be precise. I had just concluded chairing the organizing committee of the first and only Toastmasters Speech Fair and Annual Dinner event, a precursor to TEACON. This event had been a bold experiment, expanding on the traditional Toastmasters Annual Dinner by incorporating speech contests into an afternoon and evening affair. It broke many norms and conventions and succeeded thanks to a number of Toastmasters who were ready to support change. One of those Toastmasters, SEMA Toastmasters President Anthony Wang'ondu, DTM soon afterwards sent me an intriguing email. Caren Wakoli, a member of his club, sought to introduce her Ethiopian friend who was seeking connections with Toastmasters across East Africa to form a district. Now, I have a friend in Ethiopia called Yosef Fantu, a member of the Toastmasters Club in Ethiopia. He wrote to me asking to be connected to Toastmasters Kenya so that the clubs in Kenya, Uganda, and Ethiopia can come together to establi...
Post a Comment
Read more

A Young Entrepreneur Who Refused to Look for a Job

A read I thought would be of interest: LITTLE might be known about Imran Khosla, but not so for those who frequent courts or those in the information and communication technology industry. His is a story of a young entrepreneur who has refused to sit and just wait for jobs to come but has decided with the little cash he has to start off his own business that is now giving birth to new ventures beyond what he had imagined. Now in his late twenties, Imran set up his first electronic shop which also sold computer accessories in 2008. “After hearing lots of stories about graduates who have had tormenting search for jobs to no avail, obviously that was not the route I wished to take. I wanted to create my own job, and be my own boss, this was the inspiration that threw me into the world of entrepreneurship, and four years on, I tell you all is well and you cannot believe it I have over ten employees, and whose turnover is running into fortunes now,” Imran says with a cheer. His journ...
Post a Comment
Read more

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. ...
15 comments
Read more