Business Talk

 If you're looking to make some extra cash in Kenya, starting a side hustle can be a great way to do it. With a little bit of start-up capital and some creativity, you can start a profitable side hustle that can help you reach your financial goals. Here is a list of some profitable side hustles you can start in Kenya with relatively low start-up capital: Online Freelancing If you have skills in writing, graphic design, programming, or any other type of freelance work, you can easily start making money online by finding clients on freelance platforms such as Upwork, Fiverr, or Freelancer. Social Media Management If you're good at managing social media accounts, you can offer your services to small businesses and individuals who don't have the time or expertise to manage their own social media accounts. Event Planning If you have an eye for detail and a knack for planning, you can start an event planning business. You can offer your services to individuals or businesses looki

Is it even possible to start affiliate marketing as a complete beginner today and be paid  by the end of the day?  Today what I'm going to do is I'm going to show you the tips that you need to do if  you want to make money fast. Yeah, we’re talking like you can make money by the  end of the day (like my record in less than 13 minutes from the time I set up a new site.) We actually got money in our affiliate account within 13 minutes. So this is  something that can happen fast and something you can use and start getting results  right now (I’m a big fan of getting results right now).  First of all, I’ve got a disclaimer on this because obviously by doing these steps you're  not guaranteed to make anything. There is a risk with affiliate marketing, most  affiliate marketers end up making nothing but some of them actually do make money.  What I'm going to show you is based on what I've done. So if you are up for a  challenge and you realize that this video and notes ar

What is Udemy.com? Udemy is an online learning marketplace. It has a huge collection of courses in everything from programming to yoga to photography and much more.  You can create a course in text, audio and video formats. Every course is available on demand and students can learn at their own pace, on their own time and on any device.    Suitable For -  People who like to teach, explain and solve problems.  Skills Required -  1. In-depth knowledge of any domain of your choice.  2. Ability to express knowledge in easily understood form. 3. Ability to create and record high-quality videos. Time Required For Creating A Video Course - Depends on the scope of the course, number of modules included and time required for preparation. Tips - 1. Pick a topic in which you are specialized in. 2. Study the courses relevant to your topic and see how many people are interested and have actually enrolled in the courses. This will give you a rough understanding of the people who are interested i

Rahul was a Great Chef, he was fond of cooking, his made food was liked by many, hence his dream was to become a huge chef, to fulfill his dream, he thought to work as a chef first, while searching for jobs, he got an awesome opportunity to give An interview to world’s biggest franchise mac Donald, he was immediately selected after an interview. Rahul never eaten a single thing from mac Donald, so for the first time he ordered a burger, he thought price was too high for such a small burger, after eating that burger he was more disappointed because he didn’t like the taste of that burger, while eating, he thought he can make much better burgers than this big restaurant and that too with high-profit margin, why not I should start selling my burgers instead of working here.   So with his dream, he has taken a huge risk and didn’t joined Mac Donald and started his own restaurant by taking some loan, at start the biggest difficulty which he faced was, less customer, even though having such

About Author: Before talking about The Law of Success In Sixteen Lessons Summary , let’s first discuss the book’s author Napoleon Hill. Oliver Napoleon Hill was an American Self-help author. He is best known for his book Think and Grow Rich. His book Think and Grow Rich is among the 10 best-selling self-help books of all time. Most of Napoleon books were promoted as Expounding principles to achieve success. Overview: After twenty-six years of research, including interviews with more than 500 self-made millionaires, laid the foundation for his massive collection. Napoleon studied the accomplishments of masterminds such as Thomas Edison, Henry Ford, Andrew carnage, Theodore Roosevelt and Alexander Graham Bell. Napoleon hill assembled his learning, has put all his learning together and offer that learning to the world as THE LAW OF SUCCESS BOOK. His book The law of success is easy to read books. He wrote a book in such a way that it can be taught to high school students. This book is a se

“The best way to navigate the near future is to hyperfocus on creating value for customers and moving at the speed of the Internet.” “Waste in a lean startup are those activities that do not produce learning.” “Don’t follow your passions; follow your effort. It will lead you to your passions and to success. Where we all want to get to is what drives you to do the things you do. What motivates you to work on a particular project?” “A learning organization puts data before rhetoric, testing before executing, customers before business plan. It runs experiments to reduce risk, uses data to resolve conflicts, and interacts with customers to understand them deeply.” “Lean startups use three primary methods of testing the validity of their assumptions: 1.      Customer interaction. 2.      Running experiments. 3.      Analyzing data. “The real measure of success is the number of experiments that can be crowded into 24 hours.” —Thomas Alva Edison”“Investor Paul Graham says: “[ launch] when the

many people in Kenya are venturing into entrepreneurship, the one business that has caught the attention of young people is the car wash business.  The car wash business is one of the most thriving businesses in Kenya. Walk or drive into any of the estates in Nairobi or in major roads and highways, you will not miss seeing a car wash within a 1km radius. Right from the low-income areas of the city to the opulent suburbs, car wash businesses of different magnitudes have thrived into existence to meet the needs of the high number of vehicles being imported into the country. What could be the contributing factor towards the success of a car wash business? Is it a viable business that any aspiring entrepreneur can consider or is the field already crowded? Why this business is thriving : Low Startup Costs        Generally, setting up a car wash business is not an expensive undertaking. We have different sizes or car wash setups from the heavy machinery reliance ones where a car drives throu

There are countless weaknesses in the realm of man. We are weak beings, no argument. However, while some of our weaknesses make us vulnerable to all sort of things, there’s a particular weakness that makes the crowd vulnerable to entrepreneurs. With this weakness, smart entrepreneurs are making millions (sometimes billions) That weakness is this; We love to buy. Human beings love to buy stuffs. We don’t have to need things to buy them. As long as it appeals to our heart (emotion), we go for it. How many people do you think NEED a Range Rover or an iPhone? You want to make calls, browse internet, take pictures and you think you need an iPhone? No. You don’t need such expensive phones, but you want them. Human beings (mostly) don’t buy what they need. We buy what we want. It’s a weakness! Buying is what we love to do. It doesn’t have to make sense. We just have to do it. Look around you and see how materialistic we all are. Look at how we all run after the latest phones, latest clothes,

Formal training A salon is a sensitive venture. Lucy Wanjiku, a hairstylist and the proprietor of Super Style Salon in Nairobi’s Kahawa West, says anybody who wishes to invest in a salon must seek some formal training first. This is because you will be dealing with products made from chemicals whose reactions you need to understand. Capital For a basic salon, Sh.150,000 can be enough to purchase basic equipment, such as a blowdryer, curling iron, dryer and combs, as well as styling products and cover a month’s rent for a small outlet. Operating licenses You need business permits as well as fire safety certificates from your county, which can set you back around Sh.9,400. Given the heat treatments a salon offers, you must have equipment to deal with any fire mishaps that could destroy your establishment. Good location Fredrick Ombachi, a director at Steal That Look salon, says you need an outlet in a place that is safe and convenient for the calibre of clients you are target

Most people have great business ideas but cannot get their businesses up and running because they lack the finances to do that. Capitals vary depending on the type of business. You can start a business with Ksh.1,000 or Ksh.100,000. Commercial Capital LLC says that, for most entrepreneurs, finding the money to start their small businesses is usually one of the first problems they face. If your business requires a good amount of money to hit the ground, sourcing its capital can be very hard and frustrating. Experts say looking for the money in the wrong place and with off the beam expectations makes the whole process more frustrating. Sourcing for capital to start your small business is one journey that requires hard work and patience more than anything. Dave Lavinsky on Growthink says it’s crucial for an entrepreneur to know when, where, and how to acquire the funds they need. However, most aspiring entrepreneurs just have a rough idea of how to go around and get some funds. Some end u

Have you ever paused for a moment and thought to yourself “I must be doing something wrong with my life, how comes I don’t have a single profitable /successful investment running under my name despite working diligently for all those years?” Yes, you have the zeal and willingness to invest…but somehow, things seem not to be going your way. May be you even have a job, with a steady monthly salary and you do your best to save something at the end of the month. But still somehow you’ve not been making any meaningful progress. If you are in business, despite toiling and moiling all your life, you still can’t narrate any success stories worthy of a gossip blogger’s attention. It’s a painful reality that most of us prefer not to talk about. It yields a sense of hopelessness and can easily make you wonder what your purpose in life is. As it turns out, making it in Kenya (or Africa) is not as easy as it may sound on paper. Despite the fact that Africa is on the rise, we still face subtle probl

If you perform a simple Google search for the keyword “Capsicum Farming in Kenya” or “Pilipili hoho farming” I am sure you will come across dozens of articles hailing this agri-business as one of the best investments one can possibly make.  Some call it a low-cost, high yield investment. Others describe it as one of the few farming products with a ready market.  But just how true are these claims? Is capsicum farming as profitable as they describe it in blogs; is it a good business idea for a small investor?  Here are the answers. * Requirements for Farming Capsicum * There are two ways to farm capsicum. The first way is through open ground farming and the second alternative is through greenhouse. The greenhouse option is more popular because it yields better harvests and minimizes on usage of pesticides and fungicides although it’s a bit expensive to set up.  Open ground farming on the other hand isn’t all that bad either, it’s cheaper to set up and productivity can still

If you start a consultancy business, you will be seeking to sell one thing to your clients – knowledge. For instance, if you are skilled in matters of planning a wedding then you can start a wedding consultancy firm. If you have excellent social media skills you can start a social media consultancy firm. Likewise, if you are a good goat farmer, dating specialist, cook, security person, lawyer, doctor, engineer, IT professional or environmentalist etc. the doors are wide open for you to engage in consultancy business. Here’s what you need to know. *1. Your Knowledge, Your Business* Do not start a consultancy firm in a field you’re not 100% comfortable with. The kind of knowledge you offer is what sets your business apart from the competition. If you appear knowledgeable and helpful in the eyes of your clients then definitely they are going to give you more business.  On the other hand, if you continuously give them half-baked information without much research to back it then

A study shows that businesses lose 10 to 25% of their customers every year. Business experts say attracting new customers is difficult than retaining customers who have experienced your products or services already. And, with this in mind, losing your customers can be frustrating and a setback for your small business.   However, in business, the harsh reality is that you are bound to lose customers from time to time. Ideally, you are able to attract and retain a good number of customers and rely on their loyalty. Even with efforts to attract and retain customers, some customers will come and go, and sometimes, the number is high. And as a business owner, you need to figure out why your customers are leaving and find a way to reduce customer churn in your business. Research by McKinsey shows that 13% of customers have a tendency to stay loyal to just one brand. On the other hand, 87% of customers choose to shop around with almost 58% tending to change to a new brand if they

If you are looking for a business that is fairly passive (does not involve a lot of hard thinking), and allows you to keep doing your current hustle, but still provides you with a nice return on investment then starting a small laundry business could be your best bet. In a laundry (also known as a laundrette or laundromat) you wash clothes for your clients using water with the option of using a washing machine or manual labour. My idea is that as an entrepreneur who simply wants to start small, you should invest in a laundromat first and nurture it gradually until it grows into a fully-fledged dry cleaning outlet. *Step One: Find A Good Location* As you know rent prices in most major cities of Kenya (and Africa in general) are too far above what a small investor can comfortably afford.  Fortunately, there is a small hack to this especially if you are starting a business that relies on daily exposure to survive. You simply need to rent a small office which will act like your