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Money Mindset That Is Holding You From Starting A Business

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Never be deceived that business is just started without capital. Practically a business needs finance and that is why capital is always a necessity. However, this can never be a stumbling block to starting your business. What you need most is that business idea and the execution follows afterwards.

The plan you have in your mind can turn into a multi-million business. This happens the moment you are aggressive and ready to conquer the impossibilities in life. All the successful businesses thriving today started with humble beginnings. I have never heard of a business mogul who said that his business started today and was trading with an ISO the day after. Patience has been a key attribute to success.

Having a brilliant idea you will never lack an investor. The business men you see living lavishly tend to seek for ideas that will make their businesses grow. The moment you will unchain your mind from the concept of having enough money to start business that will be the beginning of your success.

The youths are the best people in targeting the entrepreneurial sector; this is because the future belongs to them. Money will never be enough to mankind. This concept needs to sink in you and sprout out the idea that you need to start with what you have. Money may be a necessity in starting the business but the first can in business is through marketing your idea to the potential buyers. That idea you feel can generate profit can be turned to be the next ‘amazon’ or ‘apple’ business on the world. If you ask Donald Trump hoe he built his brand in the market, he will tell you the small dollars he was offered by his dad then he dived into business.

That’s the way to go in the cooperate world. Use what you have at had to make sure you achieve what you want in life. Failure is the fear of many business oriented minds. Just you know, failure is a positive factor in business. The concepts of failing as much as you are in business one has to ready to embrace it. Failure in business means that you are heading somewhere and there are things that need to be addressed. It shows you the way to go needs to be the other way and not the way you are used to be doing things.

Nobody prepares to fail but we must know how to tackle it. The more we fail and start again the more we move closer to our goals. This not only applies to business alone but also in real life. Never be discouraged by failure take it as a challenge and handle it head on. It will be there but remember it is not there to stay. It is part of success. The CEO of Optiven Kenya Mr George Wachiuri in the May edition of Inversk magazine attributed his success to how many times he had failed.

Most of the people who want to be millionaires have the fear of failing. They have never look at the other positive side of failure. Money can never be the stumbling block to deny you the chance of being the next Bill Gates.  Market your idea since it is the only money you have in mind. I happened to participate in a World Bank blog and the person who won it was a gentleman namely Jeremy Riro who had a brilliant. Just from humble beginnings he was rising with the idea of Agribusiness to be inculcated in our youths today in Africa. If Riro let the opportunity slip saying he had no money word bank would never have his idea.

His idea is yet to be executed and the employment is going to be created to many jobless youths. Marketing our idea with a will always remains an effective way rather than waiting for that day we will have money to execute the plan. That idea you have kept for long awake it and continue with the adventure of making it a better business idea. If you don’t have any well you have not yet started living because the moment you start dreaming is the day you started living.    

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6 Low Cost Business Ideas You Can Implement This Weekend

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In the entrepreneurship world, so much is said about start ups and the hardships, hustles and all the difficulties one goes through to establish themselves.  But hey, I believe that in every sphere of life you have to struggle to get what you want. No gain without pain. Even in school, to get those first class results, you have to warm those books and do research to give the best proposal. So, it is not any different when it comes to entrepreneurship.

Today I am going to take us on a journey of start-ups where we will get to learn how we can earn thousands with less than Ksh. 500. Personally, I believe so much in the humble beginnings. And in most cases, whatever you learn on the ground and implement is what sustains you, even when you get big.

  1. Hawking

I’m sure if not most of us upon seeing the word hawking are like… “No, that’s not for me!” But before you brush off that idea, why don’t you follow me in a few. First of all, there’s no fee you pay for hawking. You just use what you have. Your feet and hands. You can hawk anything as long as you have the passion.

Take for instance sweets, umbrellas, toothpaste, water, biscuits and the like. And good thing is that you need less than Ksh. 500 for such. On a rainy day, you will buy an umbrella for Ksh. 100 or 150 and sell the same at Ksh. 300 or even Ksh. 500. Now say you sell like 50 umbrellas.

Selling mitumba is another business that requires minimal capital. This is because you can start with as low as Ksh.500, go to Gikomba market, collect ladies tops at Ksh. 30 each and sell them at Ksh. 200. Now that is something to think about. You can hawk such clothes in big companies and get higher profits.

2. Shoe shining Stall

Ever thought of shoe shining? Well, this too is a great idea.  For a pair of shoe you pay Ksh. 50 or Ksh. 100, depending on the location of the shoe shine stall. And if it is around a busy town, it becomes even more profitable. You can actually make so much money a day, because everyone wants to look smart in Nairobi.  And the good thing is, you only need your hands, shoe polish and brushes, water and of course a cleaning material especially on muddy days.

3. Bodaboda industry

This is also very profitable. For starters, the Bodaboda is owned by someone else and they entrust it to you, saying by the end of the day you are supposed to bring him a fixed Ksh. 300 or Ksh. 500. That means for a ride it is Ksh. 50, what if you begin working from 6:00am till say 9:00pm. Meaning you will have had more than 30 customers in a good day.  That translates to Ksh. 1500 in a day. And you get to go home with Ksh. 1000 daily. What if you get hired to do corporate events delivery? The profits are way higher.

4. Boiled Eggs and Smokies

Selling boiled eggs and sausages is another upcoming start-up with very good returns, especially if you do both. This means you buy a packet of smokies at Ksh. 330, and a packet has 24 pieces, and sells one at Ksh. 25. That means for a packet you make Ksh. 600. From one packet you make a profit of Ksh. 270. Now that is good money for smokies alone. How about you incorporate eggs? That is much more profitable.

5. Manicure and Pedicure

Doing manicure and pedicure on the streets and in people’s houses is another very profitable venture. This will cost you less than Ksh.500 because especially in the beginning where you do not necessarily need space. Every woman today wants to look and feel beautiful. Making ladies nails goes for Ksh. 200 for each, when it is the polish alone, with no decorations and a bottle goes for Ksh. 100.

6. DayCare

Starting a daycare business is also another very amazing idea. This is especially if you have space. For starters you can do four beds, a simple table, and dressing area. Nowadays, mothers do not want to leave their children in the hands of house helps, because they have become unreliable. They prefer a daycare where they can leave their children while going to work and get them in the evening, after work.  For a single day, that goes between Ksh. 100-1000. For a day, that is very profitable.

All these among many more are businesses you can venture in, start small and build yourself up. Within some few years, you will be glad you tried something out, because looking back; it will be worth it.

All the best! I am sure most of you will agree with me now that it is not all about the capital. Passion and talent can pave way for you. Re-examine yourself and know your passion.

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Your Logo Is The Face Of The company

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A logo is a combination of visual image and text used to describe to the public the name of your company and creates a visual signature that represents your company. A good logo should have a strong symbolic association connected to people’s memory. This makes it a critical feature in business marketing for any company.

As a company’s major graphical or visual representation, a logo supports a company’s brand and so becomes the single most visible icon or image of the company. It is very essential to have a well-designed logo in any company marketing program.

Note; one of the most significant traits is that the text of your company name should be clear and easy to read as it may appear on signboards, billboards, posters, etc where the logo can be seen at a distance.

Logos are intended to be the face of the company. They should display a company’s unique identity maybe through images, fonts and colors so as to provide important information about a company that will allow clients to identify with the company’s core brand.

Logos are the main visual element of a company’s brand identity. It basically appears on websites, business cards, stationery, flyers or pamphlets and when advertising in different platforms.

Depending on how good your logo is, it will show some seriousness translating to business success while a miserable logo can imply non-professionalism meaning displeasure and dissatisfaction to potential clients.

It is important to note that a logo should connect well with other prospects of a company’s image presentation. What this means is that no logo however good designed can look good surrounded by conflicting graphics or texts and inconsistent fonts. This explains why a logo is the most basic component of a larger brand identity that includes company colors and fonts.

A logo will definitely create brand awareness which simply means that it has created the knowledge that your business exists and even the products or services you handle. Once you base yourself well and customers get to like and trust your specific brand, they are more likely to respond positively to successive experiences with a logo which will potentially lead to increased sales within the intentional market.

A good logo will helps you build trust. Once clients consistently sees your logo on your business cards, websites and other marketing platforms it becomes more familiar thereby creating trust to your business. This is very crucial in industries such and financial institutions and bank sectors.

A well designed logo displays professionalism and competence that could help draw new clients toward selecting your company rather than a competitor with no logo or a poorly done logo. If you’d want clients to picture you as a professional business then you’ll definitely need a professional image.

Your logo will distinguish you from your competitors. You may find that many of your competitors have great logos while others don’t. Take every advantage you can and stay at the top of the game by having a good logo which will stand out. A nice logo reflects who you are. Therefore it should also distinguish you from other companies hence different.

Consistency of your logo is very important where you must ensure that your brand is represented right and it’s clear wherever it appears. This is important especially if your business appears in multiple platforms such as, Instagram, Facebook, Twitter, in blogs, your website, business cards, etc. This will help you maintain your professional look and increase efficiency of your brand reliability that needs to be built up. It is also important to also note that you should avoid re-creating different types of logos for specific purposes such as business cards and letter heads therefore showing consistency.

A good logo can draw potential new clients towards selecting your business as opposed to your competitors thus increase sales. This in itself is a return on investment. Remember a logo is an asset that will appear in your company forever. If your business doesn’t have a logo or it would need some improvements or corrections or changes get it done by a professional designer such as Inversk designers and have a distinctive graphic visual that will describe your company.

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How To Enjoy Your Entrepreneurial Journey

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As an entrepreneur my day is always filled with many different activities all seeking my 100% attention, I believe it cuts across all aspects of the business. Today I wish to share the four keys that lead to  my entrepreneurial sanity and hope that it will transform how you run your day and business , These easy to follow keys have helped me have a balanced life equipping me with the ability to get achieve my goals, take control of my time and future of my business.

1. Meetings :

With technology nowadays, and as our lives continue to get busier, traffic jams the list is endless scheduling a meeting with your teammates, employees, or partners is an important factor in business so as to touch base on what is currently happening in the business, and how to forge forward. However, the meetings don’t have to be one on one physical meetings you can opt for virtual meetings like for instance,   you could choose to have a group conference call on your mobile phones, Skype meetings, schedule a zoom call the list is endless. In addition to these, For you to have a productive meeting ask all the participants to send in their agenda ahead of time, take time to go through them and  prepare for the meeting, have a timekeeper managing the time and allocating each person their time to speak and be addressed lastly have a session of Questions and Answers.  The one on one meetings are good but let them be periodical, not every week.  Not only will you end up saving time and focusing on growing your business, reaching out to your clients and signing up new business engagements.

2. The key to time management;

Plan your day before you go to sleep at night. For me I prefer planning my week, of course, there are events and incidences that may crop up and distort your plan but with a plan you will be able to track and remain on course even with distractions, the most important thing about the key of time is scheduling others call it ‘chunking’ your time the key things that distract us today are emails, texts, messages, and phones, have a designated time to answer and respond to messages, calls, and emails, and plan this around other activities like your breaks for a cup of tea or lunch. That way you kill two birds with one stone planning to have a half an hour lunch that ensures your client queries are responded to within 4 hours is indeed something! Personally, I do not make time for activities that don’t make me a better person, money.

3. Have some me time.

Learn the art of mentorship, grow someone who can sit in for you and do your job better than you, learn to capitalize on your employees’ skill sets, let them take over some of the roles you are currently engaging in so that you have some free time in your days. Train them well, equip them with excellent customer relations skills, and learn to step back once you delegate to focus on the key roles of managing your business growth, resource mobilization and engaging new partners and frontiers. These free time also allows you to think creatively thus innovations come to your business.

4. Get organized Utilize technology:

In this day and age you can use free applications like Google calendar to schedule your appointments so that you never miss an appointment, Evernote, is a software that enables you to take notes and share with your teammates, have conference calls with your key partners so as to update each other on the progress of the business and touch base on the way forward for your business getting organized is just a Google search or quick visit to the app store .

 

 

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