The average life span of a successful SME is less than 15 years.
Si ni wewe ulikuwa unaambia watu wafanye biashara juzi ndio wapate address za Karen, Runda na Muthaiga?
Sijalegeza huo msimamo. Entrepreneurs reinvent themselves. They also maximize returns when the business is actually profitable.
If you think that 100k salo job and some low risk investments like vacant plots will take you to Muthaiga, you wasted your tuition money. Hii Kenya kuomoka bila biz ama “deals” is next to impossible. Continue buying plots in Kamulu and making other low-risk investments with your fixed salary uone how far you can go - which wont be very far.
By the time many people learn this, they are in their 50s when it is already too late to take big risks.
Statistically speaking, 99 percent of businessmen in this country currently can’t afford to live in Runda, Karen and Muthaiga.
Kuna watu wengi sana wamekuwa wakifanya biashara for decades lakini bado hawajafika networth ya 1 million dollars.
Sijasema hawako. That’s the problem. Wewe unaelewa vitu zako.
Niuzie hio yako ni irun for 14 years nikue dorra mirrionaire
Ningekuuzia lakini it requires extremely high intelligence and has 99% failure rate. In other words, huwes make juu inahitaji akili mingi na ugali kidogo.
Kama ni lle ya forex ama online writing washana nae
Forex is not my cup of tea. Online writing ilikuwa na pesa kitambo siku hizi everyone and their grandmother is a writer. Hiyo niliachia vijana after minting my cash.
Ni ukweli, most businesses in Kenya are nothing special, so zinaenda zikiwa unprofitable with time. The best business in Kenya is service and supply business, but hizo ni za kukula for a short time before your connections pale ndani get reassigned
In my home town, supermarkets, hotels, chemists, etc that existed and were profitable 15 years ago are mostly gone.
The most resilient businesses ni zenye landlord ndiye mwenyewe meaning zero rent.
Ukweli. Landlords in Kenya get greedy once they see a visibly succesful tenant. Also when they want to change the strategy of the building, wanaanza kuhike rent bure till you give up. I once knew a gym owner in town who had a gym that was just scraping by. Kidogo kidogo the landlord started hiking rent. Akanang’ana for the first year and tried to pass the costs to the gym goers, gym ikakua 7k per month. The next year, landlord hiked the rent again and the gym owner gave up. The gym owner told me that he had heard rumors that the landlord wanted to get in on the restaurant craze in the CBD, and sure enough vile gym ilitoka, the next business there was Kilimanjaro restaurant. Funny enough now Kilimanjaro also appears to have been hit by the pandemic, sijui kama itarudi
KJ2 Eccl 3:1-9:
“1 To every thing there is a season, and a time to every purpose under the heaven:
2 A time to be born, and a time to die; a time to plant, and a time to pluck up that which is planted;
3 A time to kill, and a time to heal; a time to break down, and a time to build up;
4 A time to weep, and a time to laugh; a time to mourn, and a time to dance;
5 A time to cast away stones, and a time to gather stones together; a time to embrace, and a time to refrain from embracing;
6 A time to get, and a time to lose; a time to keep, and a time to cast away;
7 A time to tear, and a time to sew; a time to keep silence, and a time to speak;
8 A time to love, and a time to hate; a time of war, and a time of peace.
9 What profit has he that works in that in which he labors?”