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The Power of Women Investors

George Wachiuri

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Here’s the thing: Women have different investment goals as opposed to men. According to a study that was recently conducted by Earnest & Young, fulfilling personal goals is seen as the most important investment priority by affluent women (40%), significantly ahead of market out performance (31%).

In contrast, male investors see pure performance as their leading objective (37%) and consider personal goals as a lesser priority (34%), notes the study.

“The split is even more marked among younger investors, with 30% of millennial women prioritizing personal goals, compared with just 21% of millennial men. This is a vital insight for wealth managers to grasp, and underpins many other gender based preferences,” the study reveals.

Both the global female income and wealth are growing way faster across the world than ever before. And more women than ever before, are pursuing higher education, increasing their future earning power. In developing countries like Kenya, women are pouring into evening classes in their masses, to pursue their higher education.

While women continue to outlive men, they are also retiring early in many markets and are therefore making up an increasingly important segment of retirement saving markets. The transfer of pension responsibilities from governments and corporations to individuals is also accelerating across the world, and guess who is taking charge of these pension funds? You guessed it right, women.

Bottom-line, women are a fast-growing economic power in many leading and developing economies and are quickly set to overtake their gender counterparts, sooner rather than later.

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A Leading Entrepreneur, Published Author, Philanthropist, Youth Empowerment Enthusiast, Africa Business Award winner, a Family man and CEO for Optiven Group

Agribusiness

Step By Step Guide On How To Rear Broilers And Kienyeji Chicken

Inversk Review

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In the modern day Kenyan, most young people are involved in technology related careers such that it would not be a wonder to see that in the five or ten years to come, we might have less people producing agricultural products for the country’s population.

It is for this reason that despite my background in a technology related Bachelor’s course, I developed interest in chicken rearing especially the ‘kienyeji’ chicken.

Most important requirement is the passion and the motivation. Poultry farming is not for the faint hearted. It has several requirements and requires devotion.

To start a poultry farming business, these are the must haves;

  1. Formulate a business plan with the intended goals and how to achieve them
  2. Have enough capital. This includes some space of land, electricity/lighting and equipment –feeders, drinkers, water storage
  3. Decide which type of poultry you wish to invest in say the broilers, layers or kienyeji chicken.
  4. Find a niche market
  5. Keep all accounting records accurately

Having achieved that, let us take a step by step guide on how to rear broilers and kienyeji chicken.

First and foremost have a good housing structure facing away from the winds direction. The house should always be dry to avoid infection (wood shavings are used to keep the house dry. It should have good lighting and proper ventilation. Before the chicken arrive, disinfect the house to avoid infection. Prepare brooding area (it should be well spaced, should be without corners and with proper lighting), spread newspapers on the floor of the brooding area and light up the heat jiko 30 minutes prior chicks arrival.

Feeding

Day 1 to day 11. Chicks are in the brooder are fed on starters mash and crumb. (They eat all the time; their rooms should be properly light). At night the heat jiko is lit to keep them warm.

After 11 days, the chicken are brought out of brooder and are still fed on starters mash and crumbs up to day 21. From day 21 to day 42 the chicken are fed on finisher’s marsh and pellets and are ready for sale.

An average broiler weighs 1.5kgs. Broilers should be kept where there is no noise to avoid stressing them. Broilers takes 6 six weeks to mature.

Kienyeji chicks assuming you have the right housing and equipment.

It is necessary to select the right breed. These include improved kari chicks, kuroiler chicks, rainbow rooster and kenbro. Kienyeji farming is cheap though it requires lots of patience. Kienyeji chick takes 5-6 months to lay eggs or have right weight for meat.

Feeding

Kienyeji chicks are fed on chick mash from day one for 8weeks. By the end of 8weeks a chick should have consumed 2kgs of feed that is 35g per day.

From 8th week to 18th week they are fed on growers mash. A chick should consume around 7kgs (100g per day).

From 18th week you can introduce layers mash if you want them for eggs or kienyeji mash.

Kienyeji chicks do not depend entirely on commercial feeds unlike broilers you can feed them with food leftovers greens spinach and worms this lowers cost on feeds.

Water: Clean water should be provided always

Vaccination

  • Day 10-Gumboro first dose
  • Day 15- Gumboro second dose
  • 3rd week- Newcastle
  • 6th week – fowl pox
  • 8th week- Newcastle 2nd dose and fowl typhoid
  • 18th week -Newcastle
  • 19th week –Deworm

Prevention is better than cure always vaccinate

Housing: Should be well ventilated and spaced. Have good lighting

There are various housing methods. eg free range, battery cage system.

It is that easy to raise a chick. Though it requires passion, patience and persistence it is indeed a worthy course. Do not just be a chicken lover be a chicken raiser increase chicks weight.

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You Can make Ksh 48,000 By Selling Smokies and Eggs: This Is How

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Self-employment is good. It is the only thing you can do day and night and feel contented, that you have done something meaningful. You cannot compare employment and business. This is because with business you are your own boss, but with employment, your boss is always on your neck regardless of the effort you put in. Business is however not for everyone, especially not for the faint hearted.

Small-scale businesses have been on the rise in our country, especially due to the high cases of unemployment. If you are thinking of starting something, then the smokies and eggs business is a choice you might want to consider.

First and foremost, you need capital, less than Ksh. 10,000. For starters, you need a smokie grilling equipment which goes for around Ksh. 5,000, a supply of smokies and eggs and of course a source of fire. For smokies you can get them at the nearest Farmer’s choice Shop, where a packet of smokies, containing 22 pieces goes for Ksh. 330. As for the eggs, you can get supply from your nearest shop or source from friends, where normally a tray goes for Ksh. 300 or Ksh. 280, depending on your supplier.

A strategic location to locate your business is also necessary. You need to place your business where people can easily access it. For instance; near bus stops and stages, around learning institutions, around bars and clubs, around places hosting social events, or generally any other place you think people can easily access.

The profit margins in this type of business are huge. Allow me to take you through.

When you buy a packet of smokies at Ksh. 330, with 22 pieces, that means each piece goes for Ksh. 15. So how about you sell a piece at Ksh. 25? You automatically get a profit of Ksh. 10. And if you are in a highly populated area where you can sell like five or more packets, you get very high returns.

If you manage to sell five packets a day, with each packet containing 22pieces, you will have sold 110 pieces. If you sell each at Ksh.25, you make Ksh. 2750. The expenses you will have used that day are averagely 330*5= 1650 Ksh. Plus kachumbari cost which is averagely Ksh. 100 for tomatoes, onions and dhania.  That adds up to Ksh. 1750. Total profits from that sale will add up to Ksh. 2750-1750=1000. Simply put, you will make a profit of Ksh. 1000 in a day.

If you decide to sell eggs as well, your profit will be elevated. Take for instance you sell averagely 2 trays of eggs per day. That is Ksh.60, with every egg costing Ksh.20, thus making Ksh. 1200 a day. The expenses involved for eggs per day are Ksh. 600 for two trays of eggs.  That means, the profit you will make in a day for eggs is Ksh. 600

The best part is here… If you decide to do both eggs and smokies, your monthly income estimates will be Ksh. 48000 in a month. How awesome.

And just in case you do not have time to run the business due to other engagements, you can hire someone for the day at Ksh. 200 per day. Now that, is convenience, don’t you think?

Most people do not want to venture into this kind of business because they feel it is of those who are not educated. How about you give that a second thought now? You can actually do this as a side hustle. For instance, if you are a regular student in college, you might need an extra penny at the end of the day and this might be a good idea for you. After classes, you can do this in the evening till late in the night. Even if you are already employed you can do this alongside your full time job.

Roasting and selling smokies is also stress free. It only requires basic culinary skills, and of course marketing and communication skills to keep your customers and get new ones. You can do it on a part time basis or even consider full time.

If you are there and wondering what to do with the little capital you have, here’s an option for you.  You can try this out and see how it turns out. All the best I as you endeavor to get in this new exciting your venture.

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Here’s How You Can Your Talent Into a Viable Business

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What’s your talent? How are you going to build it into a successful business?

When you talk about talent, I am 100% sure the first thing that pops in your mind is singing, dancing, drawing etc.

It’s very hard to find people thinking that talent is everywhere, from the tech world, people who are very active on social media, computer buffs, someone who has amazing people skills; you will find talent everywhere you look.

Most individuals have a talents that can be leveraged into pioneering a new business.

Perhaps, you are known for making the best cupcakes in town, or maybe all your neighbors knock on your door when they need help fixing their appliances and sound systems. You may also have a hobby at which you excel.

By turning your talent into a business, not only do you get to be your own boss, but you invite others to benefit from your passion and eventually will hopefully be able to provide new jobs in your community as your venture grows.

For example, did you know that the founder of Instagram has no formal engineering training, but rather was a marketer who taught himself to program and code at night?

Kevin Systrom was passionate about photography and wanted to create a new, social-media-oriented way for people to exchange photos with friends and family. He taught himself programming so that he could share his passion for photography with others.

Another example of an entrepreneur who has learnt a new skill in order to create a successful business is Shawn O’Connor founder of Stratus Prep. He explains in Forbes magazine that his own experience offered another example of honing one’s skills and putting them to use in launching a business.

After obtaining his JD/MBA from Harvard, Shawn had opportunities to work at leading financial institutions and global law firms, but his true passion lay not in the corporate world, but in education and mentoring.

“I relished my time at Harvard and founded Stratus Prep as a means of helping other students win acceptance into the schools of their dreams. The psychological payoff was unparalleled. I utilized my teaching, test-taking, and admissions counseling skills and experience and eventually attracted countless qualified experts to my team to establish Stratus Prep as leading boutique test prep and admissions counseling firm,” Shawn explains.

He has leveraged his love for counseling to serve on the boards of and advise numerous successful startups. And these are just among many people who have succeeded in using their talents.

Unlike ‘traditional’ businesses whose real assets might be the factories they own and the goods they produce, a startup’s real wealth is the talent it attracts and produces ss seen with so many one-time startups that have become household names over the years.

Having a great vision, belief, and skills makes it possible for a small business with not much cash reserves to take on giants with billion-dollar valuations. That makes it virtually essential in fact, perhaps the most important focus point of any startup.

As you can see, businesses are most successful when they stem from a talent, even if you have to adjust it slightly to meet consumer desires, and then do it.

Even if your passion does not seem profitable at first glance, such as enjoying browsing through your friends’ photographs.

First, take time and know your talent, see how you can make it grow either by attending conferences, exhibitions, expositions, workshops, soft skills training, just take time to learn how to grow your talent.

Look around in your community and try to see where there is a gap that you can fill using your talent (people buy or pay for goods or services for things that they value), do your research well.

You can start small and learn to grow, have a vision and mission. Also yearn to grow through exploring and learning new things don’t be tied down to one idea, the world is evolving so evolve with it. Settle for understanding and commitment to the vision.

You now have the few steps to start your own business and begin revolutionizing not only your economic future but also that of your community and the nation!

While many Kenyans would love to own a business, they are often dissuaded because they do not believe that their passion will reap sufficient profit to sustain them financially.

While it is critically important to plan your finances carefully before launching a new business, do not be discouraged, many entrepreneurs have been in the very same position, and they have found a solution in developing a new talent to complement their passion for the freedom and opportunity that comes with entrepreneurship.

Go on, be encouraged to use your imagination and make your talent as attractive as can be!

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