Raising seed capital for your business is probably one of the hardest tasks for any business owner. Without a tested product and a refined business model it can prove to be a difficult task. As the owner of the business you have the responsibility of finding ways to raise startup capital. When you begin you […]
Often times we get a brilliant idea ( in our opinion) and we go right ahead to register a company, open an office and mass produce the goods or mass advertise the service only for no one to show up on our door step despite the great interior of the business premises. Its often called, […]
At one point as a startup owner you need to get financing, either to start, grow or scale. Here is a list of questions that you need to have answers to before you start seeking financing. What problem does your product or service solve? Describe your solution. What is new, interesting or different about your […]
There are many threats to your business and some of those threats come from non-compliance with existing laws regarding your kind of business. You may be required to have the following in order to run your business; County business permit. KRA certificate. Fire extinguishers. Company registration certificate. Environmental certifications. Safety clearance. Registration with the relevant […]
The best advice I ever got on managing people was ‘Hire slowly, Fire quickly’ Managing people is a critical task to the success of your business, it begins with managing yourself. Begin with a small group of highly self-motivated individuals who buy into the vision of the business and have a sense of ownership on […]
When you think of starting a business what is the first thing that comes to your mind? For most people the answer to the question why is usually one of the following needs or desires; Become your own boss / Job security Venture into an area of interest. Make more money. Work flexible hours. Change […]
The heart of creating a business that is scalable depends on doing multiple experiments and adjusting the approach based on results of the experiments. For example if you want to sell a retail product, you may want to find out the most appealing packaging, the killer taste, the color of the product and the quantities […]
Knowing the answer to this question will save you tonnes of stress and financial loss. A customer is someone who has a need or a job that they need done. This is someone who is actively looking for a solution or has a solution that is makeshift or that could do with a facelift and […]
Here are some tips from some of the challenges I have encountered. Don’t be in the battlefield alone. As you embark on this journey you need to be able to list down at least two people that you purpose to speak to and exchange ideas when all is good and more so when all is […]
Do you have an innovative product? This may be an industrial process, a literal work or even a catchy product name. Intellectual property can give you a competitive advantage in the market since it can deter competitors from replicating your product. There are various forms of intellectual property. Copyright This can cover a computer software, […]