Business Talk

There are many ways to make money in the music industry in Kenya. You can earn money on YouTube, live performances, digital sales, sponsorships or become a brand ambassador.  You can work in the music industry as a producer, musician, record label or music promoters in Kenya.  Therefore, if you are thinking of getting into the music industry, there are many opportunities and areas you can venture into. *Lucrative Ways to Earn as a Musician in Kenya* You could be wondering, how do Kenyan musicians make money? The following are excellent ways you can generate money through the music industry in Kenya. *YouTube Channel* You can earn extra income by uploading your music on a YouTube channel. If your channel becomes popular, Ads will be displayed on it.  Whenever people click on an advert on your channel, you earn a commission.  There are many platforms through which you can use to collect the money you make through YouTube. *Selling Merchandise* Musicians can...

The moment graduates complete their undergraduate education, their hopes are up there, you can’t convince them that jobs are scarce in the country; they will even spit at you. Six months down the line, you meet a number of them in the street, dejected, resigned and embarrassed to speak out their cases, but we understand them anyway.  Most of them have sent over 1,000 applications to companies and no one has been sympathetic enough to give them even an internship.  This is the moment a graduate starts becoming innovative. If you find yourself in such a situation, you better stop thinking about employment and figure out a suitable business to start so that you can scare away some common conditions like depression.  If you succeed to secure employment when you still own some business venture, well and good but don’t allow yourself to be a slave of your academic papers. The people you see around driving big cars, living large and spending like nobody’s business are all entrep...

The entertainment industry in Kenya and around the world is a great industry to venture into. Many Kenyans own a TV, a DVD player, or a laptop making movies and series a great entertainment option at the comfort of their homes. Some own TV decoders but accessing the current movies and series requires them to pay for a premium subscription. We also have international online platforms such as Netflix and Showmax that give access to TV shows, movies, and series on a subscription basis. Both services are deemed expensive by many people and have pushed many towards movie shops. Movie shops in Kenya have been seen to bridge this gap for many Kenyans at a low price. With as low as Ksh.20 and a maximum of Ksh.50 depending on the location, Kenyans can enjoy the latest series or movies. The movie shop business is one of the lucrative small business ventures for young Kenyans. As a young aspiring entrepreneur, this is a good and profitable business idea to pick especially if you are a...

“If I had the money, I would start a business, invest in real estate and do so much more with my life”.  How many times have you said one of these statements to yourself? You have the ideas but never enough money to execute them.  Your financial success is hugely dependent on your relationship with money. What is your relationship with money like? Is it one filled with insecurity, discontent, jealousy and lack or is it one filled with abundance, love and respect?  Like any other relationship, you have to invest time and put in the work to understand it and make it successful. A great relationship with money will lead you to financial success and help you build wealth beyond what you ever imagined possible.  In order to build a better relationship with money, it is necessary that you become aware of some of the myths and lies you’ve been telling yourself or that were told to you by others that are sabotaging your financial success.  *(1) THERE ISN’T ENOUGH MONEY ...

The online space is a gold mine opportunity for entrepreneurs to run their business even without owning a physical store. Common platforms such as Facebook and Instagram are widely being used in Kenya just like across the world to open and run online businesses. Carol is one among thousands of small business entrepreneurs in Kenya whose business operates mostly online. She runs Karols Apparel, an online clothing retail shop on Instagram and Facebook that offers trendy wears for both men and women. Carol is a Community Development graduate from Egerton University and her love for fashion drove her towards the fashion business. *Starting up* I started my business in 2019 after I lost my job at Carrefour. It took me 6 months to get another job and I lost it in March 2020 due to COVID. That’s when I decided to start the business officially and concentrate on it. I didn’t have money or a set capital when I started. My business started with Ksh.3,000 borrowed from a friend. I jus...

Well, what if you succeed? Why have you chosen to see this half-glass of water as ‘half-empty’ instead of ‘half-full’? The fear of failure is the most crippling reason why many of us will never start a business in our lifetime. We admire successful entrepreneurs as if they knew from the beginning that they would succeed. You should know that they had the same doubts like you do. They all feared for an uncertain future, an irregular income and total failure. What if you fail? What if your business idea doesn’t sell or work? While these are very important questions, you may never know the answers unless you try. In the world of entrepreneurship, success and failure live in the same house. If you’re afraid of failure, there’s a very thin chance that you will ever taste success. How do you win a boxing match if you’re afraid of entering the ring? Business is, and has always been, about taking risks. That’s why entrepreneurs are known as ‘risk takers’. There is always an element...

Every household in Kenya uses onions. If one wants to cook githeri, one uses onions. If one wants to cook vegetables, anything, name them, one uses onions. What does this tell you about onions? This implies that there is a market for onions and many people are not aware of it. Venturing into onion farming is a lucrative farming business if people took it seriously. Do you know that you can make one million shillings from an acre of hybrid bulb onions for only three months? Now you know and it is high time you stopped complaining about the lack of jobs and created one for yourself through onion farming. The current market price of hybrid onion is 50 shillings per every kilogram. A well planted and cultivated acre of hybrid bulb onions gives you twenty thousand kilograms (20,000). This means that twenty thousand kilograms times fifty shillings gives you a cool million.  It takes about 4 months for onions to fully mature and ready to be harvested. High yielding varieties i...