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Finance and Funding

Tips from the pros to land investors and impress lenders

In this world, debt is inevitable. If managed well, debt is that necessary evil you need to grow financially, especially if you plan on being an entrepreneur. Investments, however, are cash cows that can establish a financial stability. With money, it is about thinking years ahead. Borrowing to buy investments...
The financial scene is littered with fallen soldiers. They entered the battle field with an intention to conquer, but they got waylaid, cornered, outwitted and finally broken. I am talking about money. I am talking about borrowing. These soldiers did not go down without a fight, they were courageous...
Many entrepreneurs have good business ideas but lack the capital to realize them. Even with an established business, most of them tend to fail due to shortage of funds – or even worse, poor money management. Though bank loans are an option, lending has become increasingly difficult over the...
A Local Purchasing Order (LPO) document transactions made between businesses and vendors. The key elements being the price quotation, the quantity required and an agreement of terms. I deliberately highlight ‘agreement’ because that mutual understanding is crucial for supply and delivery. Vendors are able to deliver goods or services and...
Have you ever asked yourself what really is bootstrapping and how does it help our business? Bootstrapping is basically getting yourself into or out of a situation using existing resources. A start up, especially one based with minimal resources and successfully achieving its target is a perfect example of bootstrapping....
Lack of mentorship, eating into their capital, mismanagement and poor strategy implementation are just some of the causes of business failure for startups. Statistics show that close to 400,000. Kenyan small businesses terminate their operations annually, most of them within their first year. With this in mind, Credit Bank has...
This is an excerpt from my earlier article on exclusive advice to managing startup finances. Don't run before you can walk. If your business is ticking over nicely and you're given the opportunity to bid for a big new contract, stop! Think first. It can be tempting to "punch above your...
The first few years for any new business are crucial to its long-term success, with many challenges to overcome and lessons to be learned. Every business, big or small, is always concerned about one thing, managing finances. Proper financial management is crucial to surviving a volatile economy and the industry...
Before writing a business plan, you need to ask yourself what exactly investors will need to see in your business plan before they fund your business. If you have ever watched Shark Tank series, KCB Lions Den or started a business you definitely who investors are. An entrepreneur needs to...
A term sheet in simple terms is the agreement an organization gets from investors while seeking funding. In this booklet, the investors discuss their interest and what they are bringing to the table. The owner of the company must be keen to clearly understand what the investors are after...