Business tip

Business
1

Today I was checking my notebook ave been keeping since 2018 …

I realised business really grows wen u have a target …

For example . If u are Operating a barbershop , u note somewhere (BY END OF MONTH PURCHASE NEW WAHL MACHINE) once u do that n focus and manage to put some savings aside n buy it , it feels so happy once u tick the achievement …

In short nasema , have daily or weekly target to achieve something , even if u achieve halfway that’s good progress since in the other week utakuwa umeachieve full target…

2

True. Mjeii imefika wapi?

3
  1. Separate business money and your salary as a CEO and Owner.
  2. It is better to pay little tax than pay all your money as tax: therefore pay yourself a salary equivalent to the minimum salary without tax, make company pay NHIF and NSSF is not a necessary obligation.
  3. If you earn dividends from the company KRA will be on your neck. Its better to make the company loss making and pay another company (that you own) to provide services for your company eg. catering, stationery, agency, marketing, etc. As long as this company does not make over KES5,000,000 in a year, KRA will not bother.
  4. Never hire family, they are not afraid of you. Kikulacho ki nguoni. They don’t work as hard as someone who applied for a job.
  5. After 5 years, your business model needs to change. Change it!!! Also change the management!!!