Saids Kenya Solutions Limited

Why do most small businesses stay small?

Most businesses start and run on hope. But hope can only take you so far.

An average business owner thinks “I have built a website. Now, people will buy from me”

If you investigate further, they will give stupid answers.

>> How will you bring traffic to your fancy website? — “Umm…people will search for it?”
>> Who is your target customer? — “Idk….everyone?”
>> Why will people choose you, over your competitor? — “It’s their choice not mine”
>> How will you bring repeat business? — “I only need new customers…forget about the old ones”
>> How will you improve your product/service? — “It’s already perfect…”

They lack planning and strategy but they HOPE they will be successful. In business, you need a strategy, direction and thoughtful action.

Businesses which try to function on hope alone, go broke or stay small.

Source: quora.com

Need help developing your business plans and strategies? Call/SMS/WhatsApp 0734138478.

Never waste your hard earned cash trying to run your business on hope🙂🙂

Question answered in quora.com that I feel will help more people here.

How can I start an online home business?

First, let me congratulate you for thinking about how you can create an opportunity to build a business from home.

There are many parts and pieces to starting a business, whether online or brick and mortar.

Before you go 100% into starting your online business, you need to get a clear picture of the type of business you want to have.

To help you get a clearer picture of the type of business you want to build, here are some steps to take:

Make a list of all of your business ideas.
Label them from the most passionate to the least passionate.
#1 is the business idea that lights you up the most.
Working with your #1 business idea, let’s break it down.
Describe your business or business idea.
What are you confused with when it comes to your business or about starting a business?
What does your current business structure look like?
Break down the idea and answer these questions…..

What problem do you want to solve?
Who do you want to work with?
How do you want to help them?
Why do you want to help them?
Where do you want to help them?
RESEARCH, RESEARCH, RESEARCH!!!!

Research is often overlooked and very important. It answers so many questions for you and helps you develop your idea.

Confirm if your business idea is viable:
Are people currently paying for a product or service you would offer?
What are people looking for that is missing within your business idea?
A piece of advice that I often share is making sure to create the type of business you love. It should be a business you are passionate about and lights you up when you think and talk about it.

Don’t build a business idea around something you know you can do just because you may be good at it and think it will bring you some fast cash.

Of course, with the available technology, you could open a “business” tomorrow; however, I do not recommend this. You would miss the opportunity to build a sustainable business with a solid foundation with growth potential.

Once you have a clear idea of your business idea, it’s time to learn how to build a solid foundation for your business; business names, trademarks, contracts, policies, contracts, etc.

Please do not start with logos, brand colors, and building a website (this is phase 2 or 3).

Starting a business is exciting, scary, and fun all at the same time. I often refer to building a business is like building a house. If you don’t have a solid foundation and structure, your house won’t stand. The same goes for your business.

Best of luck with starting a business. Wishing you much success!

I would love to know what business you decide to start. Make sure you share that when you're ready.

~End of answer~

For consultation on starting a business, reach out to us on [email protected] or +254734138478.

What are some of the things you are never told when starting a business?

What are some things nobody tells you about starting a business? Alexandra Moroz's answer: Any business start-up needs lots of time and financial investment, hard work, and efforts. There are a lot of things that one should consider before starting a startup. * Your customer You need to define customer requirements and preferences. It’s crucial to know the c...

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐤𝐞𝐲 𝐩𝐨𝐢𝐧𝐭 𝐢𝐧 𝐞𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬𝐡𝐢𝐩 𝐭𝐡𝐚𝐭 𝐩𝐞𝐨𝐩𝐥𝐞 𝐭𝐞𝐧𝐝 𝐭𝐨 𝐦𝐢𝐬𝐬?

What’s the number one secret behind all of Jeff Bezos success?

Was it selling books?

His business model has changed.

Was it Amazon’s website and logo?

This has also changed over the years.

Was it the shipping?

Every other competitor can access the shipping companies.

Was it the marketing efforts?

Other companies have spent millions and haven’t attained this success.

Why is Amazon considered the world’s most innovative company in the world?

They are always pushing their boundaries to stay ahead of the market.

Why do they crush every industry they participate in?

They have set the standards incredibly high for most businesses.

So, what’s Jeff’s secret?

True customer obsession!

This is the key principle that keeps Amazon relevant, competitive, and growing.

Without this obsessive focus, all companies eventually stagnate and become irrelevant, start to decline, and ultimately die.

To answer your question:

Don’t define your business by the product you sell or by the way you sell it.

Instead, define your business by who you serve, not what you do or what you sell.

This has been the secret of Jeff Bezos:

Be customer-centric; NOT product-centric.

Every rule of running a successful business resumes in this obsessive focus on your customers.

Source: 𝐐𝐮𝐨𝐫𝐚

https://biznakenya.com/businesses-you-can-start-with-100k-in-kenya/?amp

Businesses you can start in Kenya with Sh.20,000 - Sh.100,000 There are a host of businesses you can start in Kenya today. below, are the ten businesses you can start in Kenya with Sh. 20,000-Sh. 100,000

Job opportunities in Mombasa.

The 5th Cycle of the Kenya Youth Empowerment and Opportunities Project (KYEOP) is now accepting applications from Bungoma, Kakamega, Kiambu, Kilifi, Kisii, Machakos, Mandera, Migori, Mombasa, Nairobi, Nakuru, Nyandarua, Turkana and Wajir. The deadline is 29th May 2020 and the registration link is http://mis.kyeop.go.ke/live/register/

CONVERSANT WITH SAGE 300 ACCPAK?

We are looking to hire you on a month or two contractual basis for a project in Mombasa.

BOOKKEEPING experience is a MUST.

Interested? Send your CV to [email protected] on or before 1st May 2020.

Date your future employees I thought I should share how we hire employees into our firm and our portfolio companies.

Very great thoughts from the Richest man in Uganda (East Africa) - Sudir Ruparelia

We are entering into recession period globally and the exception is likely to be India and China with ~2% GDP growth in 2020 which is way below ~5 - 8% in the past several years.

For the benefit of all, I am sharing my perspective on such scenario on few aspects as below:

*What will change during the slow down:*

1. Spend on luxury will come down drastically

2. Long-term / Capital expenditure such as construction, technology will be almost cut to nil

3. Lifestyle expenditure such as salary, rent, infrastructure, entertainment will be minimised

4. Working capital will be under tremendous pressure. Businesses will go out of business especially those who are riding on borrowed working capital

5. New innovative business models will evolve

*What will NOT change during the slow down:*

1. People consumption on essentials will continue

2. Rise in Investment on ideas / technology solutions that will improve efficiency

3. Short-term trading businesses with healthy cash flow practices will thrive

4. Rise in investment on spiritual / self-learning practices

5. Value for money products / services will shine

*What you should do as an individual:*

1. Hold back any luxury / high risk investments where visibility of returns is difficult to predict

2. Minimise expenditure on the routine stuff - keep a watch on your lifestyle spend - ask the question, is it really necessary!

3. Develop yourself on improving competency and developing skills to become more sharper and efficient

4. Share the financial situation with your family members and educate them on the family financial position and the plans to improve

5. Invest - yes invest on the right things. History repeats. Take risks based on thorough research. This is not the time to follow tips.

*What you should do as an Entrepreneur:*

1. Take care of your employees - communicate more than ever. Be reasonable and transparent with them

2. Use the slow down to improve your processes / people

3. Invest in technology / systems that will accelerate your reach in adding value to your customers

4. Be frugal in working capital decisions and operating expenditure

5. Capital expenditure to be on hold unless there is clear visibility on the associated returns

Let us get smarter by helping ourselves and economy to bounce back stronger.
The planning for the coming foreseeable .🔥🔥🔥🔥🔥

Dr Sudhir Ruparelia

Copied from Afripreneur Nation

Are you ready for your next challenge? Gulf African Bank is hiring.

I always get asked this question by business startups, why should I pay myself when my business is still small and can't afford to pay?

This has always been my answer: if you work in your business of which you surely do then you are an employee and deserves to be paid. Even though you will pay yourself a lower amount compared to the market rate but pay yourself every month. And if your business doesn't have any cash then make sure your salary expense is always accrued and pay yourself once you get cash to clear the liability.

Read this quora answer from Brett Fox for more insight on why you should pay yourself a salary from your startup.

Zayyad A. Said
Lead Consultant

Brett Fox's answer to When should business owners take a salary from their startup? - Quora

CALL FOR ENTREPRENEURS IN MOMBASA, KILIFI OR KWALE COUNTIES.

Apply to pitch your business to a panel of judges and stand a chance to receive training, mentorship and financing to grow your business.
Apply Now at www.hazinaaccelerator.com

Hazina Accelerator – Official website of Hazina Accelerator A management expert with wealth experience in policy formulation and strategic planning and committed to supporting youths and women entrepreneurs in Kenya.

COMMUNICATING WITH CUSTOMERS ONLINE

Check out tips on how to communicate with your customers online
https://www.tawk.to/customer-happiness/how-to-communicate-with-customers-online/

How to communicate with customers online The age of the internet and social media has opened doors for online communications. By speaking effectively with customers, and with other business people, entrepreneurs can build positive brand reputations, professional credibility and work opportunities.

Get to understand the different funding types when fundraising for your business.

Glossary of Funding Types See which companies have received different types of funding by searching with Crunchbase Pro.Angel: An angel round is typically a small round designed to get a new company off the ground. Investor...

Customer Service Agents needed at Qatar Airways to be based in Doha.

Opportunities for Kenyans and Zimbabweans.

Follow the link below for details and to apply.

Qatar Airways Careers - Current Opportunities Welcome to a world where ambitions fly high! Qatar Airways are hiring. We take pride in our people and having a culturally diverse workforce. Qatar Airways offers competitive packages and Qatar based employees enjoy a tax-free income. Please visit our recruitment site to apply to and be considered f...

BOARD SECRETARY NEEDED

A fairly established ICT solutions company in Mombasa is searching for a Board Secretary who shall serve as a Non-executive. He/ She must be able to attend all board and committee meetings.

The Board Secretary shall also serve as a Legal Advisor to the CEO, the Board, and its committees.

The Board Secretary shall possess a minimum of a Bachelor's Degree in Law or related field and an advocate of the high court with expertise in Commercial and Labour Laws. CPS qualification isnt mandatory but highly desired.

If you meet the above stated qualifications and interested in the position, please do submit your application through email to [email protected] on or before 30th November 2019 at 11.59PM.

Honorarium will be given for every board and committee sittings.

Public Information

Great insights on how you negotiate price with your customers. Watch to the end.

Mombasa Business Awards 2019, time for you to nominate your businesses to enter the awards.

Nominations for the Mombasa Business Awards 2019 are now open.

HOW DO ENTREPRENEURS THINK?

An employee goes to meet his or her doctor.

The doctor does a few checks and concludes that the problem is XYZ and suggests having some ABC and doing some DEF.

And so the employee buys some ABC and does some DEF.

—

An entrepreneur goes to meet his or her doctor.

The doctor does a few checks and concludes that the problem is XYZ and suggests having some ABC and doing some DEF.

The entrepreneur assumes the doctor is talking s**t. He or she goes straight online, calls a doctor friend, then gets a second opinion, and ultimately ends up doing a self-diagnosis.

Entrepreneurs challenge everything. Including their doctor.

Credit: quora.com

10 African entrepreneurs named finalists of Jack Ma’s Netpreneur Prize - Disrupt Africa Ten African entrepreneurs have been named finalists of the first Netpreneur Prize, which will see them share a prize pool of US$1 million after pitching to judges at the final event.

TAX EVASION IS A CRIME.

Always not sure about your tax liabilities?

Work with our tax consultants to help your business be tax compliant.

Call/SMS/WhatsApp 0734138478 to request for tax consultancy services.

SAIDS KENYA SOLUTIONS LIMITED is a consultancy firm helping startups and early stage entrepreneurs excel in business. We do offer business advisory services, book keeping, systems implementation, HR outsourcing and also facilitate services from Business Registration Service (BRS).

Below are our professional fees for some of these services:

1. Registering a Business Name - 1,500/=
2. Registering a Private Company - 3,500/=
3. Filing of annual company returns - 2,500/=
4. Link Business and Companies - 1,000/=
5. Allotment/Transfer of shares - 3,500/=
6. Conversion of BN to Company - 5,000/=
7. Drafting of partnership deed - 3,500/=
8. Business Plan or Funding Proposal - 5,000/=
9. Bookkeeping - 5,000/=

Our BRS fees are exclusive of registry charges, these charges are available at http://brs.go.ke/fees-companies-registry.php

To access our services, please call/SMS/Whatsapp us on 0734138478 or email [email protected]

BRS - Business Registration Service Business Registration Service (BRS) Sheria House, 2nd Floor P. O. Box 30031-00100 Harembee Av., Nairobi, Kenya Email: [email protected] Phone: +254 (020) 2227461 Fax: +254 (020) 111 234 567 Mobile: +254 0711944555