Business Ethics 101: Why Did This Guy Fail In Business?

**"He was an unregistered security guard. Quit his job and started a kota business. Started making +35k per month. He Bought a brand new car, and threw a white wedding. **

That’s when the villagers decided no longer to buy from him. Several kota places opened nearby. He is back to being a guard again.

**He didn’t do anything wrong, it’s the villagers ( community) who didn’t want to see him buying nice things with business money. **

He did well for a few years lying low. As soon as he started spending and showing that he was making good money they stopped buying from him. Citing that they also want to get into the kota business suddenly (crab mentality)

**This is common in the black community, when they see someone succeed in a particular business, they start the same business as them and call it healthy competition… there’s no such thing as healthy competition in business, ke boloi fela(This is witchcraft). **

I’m sure you’ve heard and seen people pointing at a successful or succeeding local hustler and say “That’s our money”

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nongwe was spending capital to live lavishly then blamed witchcraft. Fools have no cure

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How Miscalculating Kenyan Millionaire Was Left Broke After Leaving US

When Beatrice Mangure decided to set sail back to Kenya after a successful career in the US, she did not anticipate spending her later life in a single-roomed house in Kenya, barely struggling to make ends meet every month.

Her heartbreaking story started after her marriage failed while in Kenya, which compelled her to relocate to the US for a fresh start.

Born and bred in Embu, Mangure moved to Nairobi to attend college and later secured a job at a Non-Governmental Organisation (NGO) where she met her husband. Love brewed quickly and soon after, they tied the knot.

In the course of their six-year marriage, the duo was blessed with two children and to plan for their financial independence, the family decided to open a business.

Beatrice Mangure who ran a business in Georgia, US.

“Since we were starting a family, we decided to start a business which he was to run. I went to my place of work, took a loan and brought to him to start a business,” she recalled in an interview with Afrimax English, a YouTube channel.

Soon after, according to Mangure, her husband ended their marriage in what she claimed was his move to marry an uneducated woman. He reportedly settled down with their house help.

To deal with her heartbreak, Mangure decided to relocate to the State of Georgia in the US to start over.

“It was one of the hardest times in my life. I underwent a lot of pain and it was traumatizing. I got a visa and flew out of Kenya to start a new life in America,” she narrated.

“Life was not easy in America. Life was hard and you have got to work. It was not a joke. Since I left my family in Kenya and had left a family to support and had bills to pay in America, I worked very hard.”

After working a few employment jobs, she decided to through her hat into entrepreneurship and launched a catering business. Her meals of specialization were Kenyan cuisines such as chapatis and mandazis.

She toiled running her business for 10 years and enjoyed its fruits. She bought an apartment and owned two cars. Life was good.

“I worked extremely hard at a local restaurant in Georgia where Kenyans residing there called me Chapati lady. After a while, I felt employment was not going to allow me to fulfill my dream so I quit and began a catering company called New Light Catering which focused on African cuisine, I sold mukimo, chapati, mandazis,” she added.

In the course of running her business, Mangure fell three times which took a toll on her health and she decided to fly back to Kenya.

“When I relocated, I had carried all my stuff and put them in a container. I lost it all because it never arrived in Kenya. I lost things worth millions and I did not get anything. It was the most devastating time in my life,” she recalled.

Upon arrival in Kenya, she picked up her pieces and decided to venture into the business world first by setting up a tendering company as a disabled person. She was, however, unable to secure business.

Her sister then connected her to a friend only for her to lose an investment worth millions. At some point, she invested alongside some of her church members but lost all her money.

Now Weather Beaten Beatrice Mangure who ran a business in Georgia, US.

“I could get none (tender business) until one time my sister had a friend who was doing the same tendering process and she was getting different tenders from different companies and NGOs. So my sister introduced me to this lady. I agreed and we wrote a Memorandum of Understanding (MoU) where I would finance her business with the savings I had left. Unfortunately, she conned me the money and disappeared. I was too trusting because she had been recommended by my sister,” she lamented.

“I also invested in a church project which promised good returns but it incurred losses.”

She also tried her hand in politics, running for the Embakasi South MP, but was unsuccessful.

Now, Mangure runs a taxi business which she got from a good Samaritan for a daily fee.

“It is very challenging (the taxi business) because you have to pay the car owner every day and pay for the petrol which is expensive. Also, the commission charged by the digital taxi apps has to be settled at the rate of 25 percent per trip. However, a car is easy to drive and helps me with mobility,” she observed.

“I am pleading with viewers to help me get my own car to drive and get my daily bread. I know how the taxi business works.”

She clearly first needs to deal with her mental health. She should have used part of her Money to restore her mind first. Getting into business after a failed marriage, heartbreak, and being disabled has clearly taken a toll on her mentally. That’s the crux of her issues.

She’s trying to fix her mind with business success. Instead of first fixing her mind to succeed in business.

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I think buying a car was the first mistake. A car is a liability unless it’s used for business e.g deliveries. And also probably the business matured and it became harder getting new customers.

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this is the cause, she refused to take responsibility of her actions

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Nonsense. Doesn’t matter if he is chewing his capital. Umeambiwa from the story that he bought it using his capital?

What matters are 2 phrases
1 “They start the same business as them and call it healthy competition…”
2. "good money they stopped buying from him. Citing that they also want to get into the kota business suddenly (crab mentality)

Business capital in my understanding of English means the initial investment amount. Before you recover the initial investment amount, after accounting for expenses, any lavish living you are doing is based on the capital amount. You don’t seem daft, so am sure you understand something called EBITDA ( Earnings before interest, taxes, depreciation)

You should always check your accounts to see the net income, net loss, actual profit, and more. He clearly was not making any money, and was burning through cash, and confusing net income with net profit. Otherwise, all he had to do when business went down was to stop the business, and pull out his capital.

when business went down, and his revenue stream reduced, his business went down instantly. it means he was running a cash positive business with no net profit.

Where did you get all these innuendos you are verbally diarrhearing… was it mentioned in the article? Kindly quote it…

Bruh, it is based on my lived experience. Many small business people have an equally myopic outlook on business. For instance, ask how many small businesses account for inflation and macroeconomic effects in their business planning. Just because you have cash on hand and great cash flow at the moment, does not mean you can spend it. Trying explaining this to most small business people, you will run into a wall.

I have had this 10-verse tune a thousand times. The script often looks something like this:

  1. I had a good idea, I identified a market niche
  2. I executed my idea
  3. A massive flow of cash ensued
  4. I got competition (which is fucking normal in 1000000% of all businesses!!!)
  5. Business was good but not as good
  6. I faced my first challenge (insert generic challenge)
  7. I shut down.
  8. I am now suffering (insert generic struggle)
  9. Pity me (insert generic request for pity)
  10. Wife left me (insert generic relationship breakup)
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I just stopped there… where in the story posted by OP does he mention that he squandered his capital? I don’t know why you are dodging the elephant in the room…

I have had this 10-verse tune a thousand times. The script often looks something like this:

  1. I had a good idea, I identified a market niche
  2. I executed my idea
  3. A massive flow of cash ensued
  4. I got competition (which is fucking normal in 1000000% of all businesses!!!)
  5. Business was good but not as good
  6. I faced my first challenge (insert generic challenge)
  7. I shut down.
  8. I am now suffering (insert generic struggle)
  9. Pity me (insert generic request for pity)
  10. Wife left me (insert generic relationship breakup)

It’s either you are thick or have ADHD. What tribe do you speak?

I couldn’t agree more with you!

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