The relationship between an entrepreneur and a provider of professional services is supposed to be symbiotic. However, that is hardly the case. Even when they have to work together, it’s always a difficult situation for both the provider and the entrepreneurs (buyer). To be competitive, SMEs need to professionalize and very seriously so. While the … Continue reading Why Entrepreneurs Are Not Interested in Your Consultancy.
For starters, the informal sector is potentially the largest ‘employer’ in Kenya today. Its contribution to national income is very large despite there being very little accounting for it. However, by being informal, then there is very little support that goes to the sector from government. Not even the basic amenities. Ever wanted to use … Continue reading Why Your Good Business is Informal
It is severally and strongly so, recommended to have biz plan as you venture into business. Many entrepreneurship promotion organizations offer training on how to go about developing one. So much material and templates online for self-help. However, you will also get professional assistance from consultants if you need. A good plan will need you … Continue reading How to Make a Business Plan
What is more challenging to an entrepreneur than carrying all the responsibility for your biz on your shoulders? Unlike in employment where you have the benefit of supervisory management, as an entrepreneur you are everything. Your life, that of your biz, employees, suppliers and even buyers depend on you. Most often, you do not possess … Continue reading A Board for your Biz? Why and How to Get One
As we have seen in the previous article… Every business can benefit from having a partner. The difference however, is how it goes about recruiting a partner and what the partner brings in to the biz. You want to get someone who really brings value into the biz and essentially someone who know comfortably well. … Continue reading Choosing the Right Business Partner (2)
The Chinese (or Africans if you like) have a saying that if you want to go faster walk alone but if you want to go far walk with others. Well, business is a little complicated and this saying wouldn’t fit in directly. While it’s true that it’s better to work in a team of founders, … Continue reading Choosing the Right Business Partner
Values is a set of principles that give character to your biz and define what your biz is all about. Values empower both your partners, staff and customers towards ensuring that your biz is able to meet the needs and expectations of its stakeholders. A rational being will have a set of natural principles that … Continue reading Building Your Business on Values