SMALL MICRO ENTREPRENUERS

SMALL MICRO ENTREPRENUERS Calling all Christian Business owners, professionals, businessmen, and business-women, to participate in this unique association

The aim of the SME is to be the leading voice of KENYA s business community and to contribute to AFRICA ’s sustainable economic development. The chamber works to advocate policies, connect businesses and expand member opportunities by providing world-class member services. The organization provides information about the KENYA and AFRICA, including business, trade and investment opportunities, as w

ell as seminars, exhibitions, training programs, and other activities. SME is represented on a number of international boards. The chamber also has a branch office in TANZANIA and UGANDA.

20/03/2018

hey all we are looking for small micro entrepreneur to partner along with them and offer them small loans,if you are interested you can send us a message today

Driver number 1 drives the corolla. He paid it off, has a 2 bedroom house paid for , makes thirty thousand a year and ha...
07/03/2017

Driver number 1 drives the corolla. He paid it off, has a 2 bedroom house paid for , makes thirty thousand a year and has excellent credit.

Driver number 2 drives the benz, has 3 Years left to pay it off , has a 7 bedroom house with hundreds of thousands left to pay , makes two hundred thousand a year and has poor credit.

Sadly many people would choose to be driver number 2 because of what it looks like in spite of the reality that driver number 1 is more wealthy.

Your circumstances will never change until your thinking is changed. Be Blessed

28/12/2016

CONSIDERATIONS FOR 2017
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1. ON EARNING:
Never depend on single income. Make investment to
create a second chance.
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2. ON SPENDING:
If you buy things you do not need, soon you will have to sell things you need.
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3. ON SAVINGS:
Do not save what is left after spending, but spend what is left after saving.
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4. ON TAKING RISK:
Never test the depth of a river with both feet.
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5. ON INVESTMENT:
Do not put all eggs in one basket.
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6. ON EXPECTATIONS:
Honesty is a very expensive gift. Do not expect it from cheap people.
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7. Past is a waste paper, present is a newspaper, and future is a question paper. Come out of your past, control the present, and secure the future.
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8. When bad things happen in your life, you have three choices. You can either let it define you, let it destroy you or you can let it strengthen you.
_______________________________
9. Our eyes are in the front because it is more important to look ahead than to look backwards.
_______________________________
10. We use pencil when we were young, but now we use pens. Do you know why? Because mistakes in childhood can easily be erased, unlike now.
Wish you a prosperous 2017.

27/06/2016

5 Small Ways to Make Big Savings for Your Business

You don’t have to resort to drastic cost-cutting measures to capture long-term savings. These five simple tips may be enough to save your business a lot of money.

Us dollar banknotes in piggy bank

Running out of cash is one of the top reasons that startups fail. However, before you borrow money from a bank, consider practical ways that you can reduce your outgoings, save money and free up working capital for your business.

Here are five simple strategies that SMEs are implementing to improve cash flow and run their business better.

Going Paperless

Paper-based document management systems have many disadvantages compared to paperless systems.

Firstly, searching for a paper document can be time-consuming, and therefore costly. It’s also largely dependent on human accuracy and consistency, because a document filed incorrectly may be impossible to find. Additionally, paper documents require costly storage, security and maintenance of the privacy of commercially sensitive information.

Conversely, paperless systems store information electronically and can include coding for security purposes, leading to a more efficient, reliable and secure document management system. (To find out more about how to help your small business transition to a paperless system, check out our blog post for some top tips.)

Reducing Your Carbon Footprint

Apart from helping the environment, running a low-carbon business can help you save on costs, improve your brand image, increase employee morale and give your business a competitive edge.

Implementing green practices in the workplace doesn’t have to involve complicated efforts. A good start would be to switch off computers and electrical equipment when they’re not in use, equipping your office with energy-efficient lighting and heating and water solutions, setting up a recycling program and reducing unnecessary document printing and wastage. These steps can significantly impact your carbon footprint without requiring much time or money.

Communicating Wisely

Communicating with your employees and customers is essential to conducting good business, but how you go about it can save you money over the long term. With labor and resource costs, transferring customers between departments or redirecting calls can result in wasted business dollars.

However, a voice over internet protocol (VoIP) system — a method of telephony where businesses carry phone calls over an IP data network, such as the internet or an internal system — can help. In addition to reducing those costs, it can help your business to effectively manage calls, and leave your customers happier with the level of service they receive.

While VoIP requires an initial investment in the system set-up, long-term benefits include reduced expenses, labor costs and resource waste. Most of the time, telephoning via the internet is generally much cheaper than via traditional phone lines. Find a VoIP service provider near you.

Outsourcing

Some services are simply best left to the experts. When it comes to IT, accounting and security, it’s worth outsourcing these services to a professional third party. Not only will you save time and prevent stress, you’ll also have an established team of experts ready to help in a business emergency, such as a website malfunction.

Weigh the costs of hiring independent contractors as opposed to bringing those resources in-house and you might be surprised by the results. Often professional contracting firms are equipped with the resources, knowledge and skills to handle situations efficiently and minimize business disruption. They also offer services that are tailored toward your business size and budget – this alone may save your company thousands of dollars.

Investing in Cloud Computing

Establishing regular reporting practices is an important part of monitoring your business performance. However, collating and analyzing reporting data can also be costly, time-consuming and subject to human error and inaccuracies.

Cloud accounting software provides an optimal solution for businesses keen on establishing good corporate governance and reporting practices. Information uploaded and stored in the cloud can be downloaded at will, shared, extracted, segregated and interpreted visually or with the use of spreadsheets.

31/12/2015

I have been keenly following on discussions in this group and I have noted a majority of members are the kind "I have this amount, what business can I invest in? " I have as well received a handsome number of inbox messages on what's the best business to invest in for maximum returns?

First and foremost from my background education on strategic Management and more than 2 years experience in banking with a bias in SME I can attest that no business venture is more profitable than the other. I was recently reading an article on how "iko toilet" was started and literally this guy couldn't find any local bank to fund the venture, who though people could pay to respond to the calls of nature?

Below are few I think are necessary to consider before you settle for any business venture.
1. Availability/time
Despite this being a business group a majority of us are employed and looking for side hustle business. Before you ask people to share with you the ideas on business you can start consider how much time you have to invest in the business. Some businesses demand too much attention at the beginning and delegation might not be the best option.

2. Capital requirement
How much capital or cash do you have? You can not plan to import stuff from China and the only amount you want to invest is 10k for instance. The amount of capital you have dictates the type of venture you can go into.

3.Stand out from the crowd.
To sum it all, the success of any business overly depends on its ability to fill a gap on the consumer needs. Differentiation is key here be it in terms of pricing or packaging of service/product but of course you must invest so well in studying the demographic factors of your target market. Don't rush into any business because you heard so and so is making a kill out of it or its so hyped in the media. I bet you so well remember the story of "Quail" in kenya. For instance if I may quote a business like Ashleys beauty Centre, how has it managed to get to the level it is right now? "they have been able to offer what the corporate woman lacked" as it is quoted in the site 'how we made it in Africa"

4. Pick something that you so well understand.
Picking a business that you are conversant with as it put an advantage side. You will not need to rely on expert knowledge right from day one of inception. Remember this will translate to extra costs. I would suggest if you are passionate about a particular business and you have no knowledge in, invest in learning even if it means enrolling for part time classes or reading all books that touch on the subject as Steve Masiyiwa puts it "never stop learning"

My parting shot is if you're really enthusiastic about starting a business, pick something out of the ordinary and present it in a more super ordinary way not forgetting to put the target market in mind and their requirements.

In my followup article I will discuss some common types of businesses one can start with their requirements as well as capital requirement. Plus the key things banks look at to approve that business Loan.

MENTORING ENTREPRENEURSWhy castigate the mind of a child while it buds? Why smother a child’s dream with hot iron dehorn...
09/09/2015

MENTORING ENTREPRENEURS

Why castigate the mind of a child while it buds? Why smother a child’s dream with hot iron dehorning a calf? Strange, but isn’t this what happens to childhood dreams?

I have learned that in mentoring, the weight lies a lot more on the mentor’s role. If a father never stretches his arms out to lift a child the first time, the child will forever shy away from him. Do it once and the next day the kid will come running towards you. Why? You took the first initiative to befriend him. So however busy our lifestyle is, it is good to reach out to and keep in touch with your mentees.

Many young people grow up afraid of taking the plunge into a venture, to dive deep in pursuit of their dreams. This is why it is imperative to have a mentor. Without mentors, dreams die out either out of fear of the unknown or quitting too early when push comes to shove.

Young people ought to learn to be patient and to be reminded that life is not all about money but about doing what we need to do to better live to always do what we are supposed to do.

A lot of youth are trapped chasing petty cash because everyone wants to make money easier and quicker. We tend to forget to plough time, knowledge and skill in developing a product. We want to do what everybody else does to earn a living; buy wholesale, sell retail; yet we went to school. So what happens to our knowledge?

My mentor enlightens me further that “Things of value are those things which more knowledge and skill have been packaged into it”. For this reason, developing an idea to content to a product is vital. This basically describes the process of production, a topic on our twitter chat this month.

Kenya needs more innovation and entrepreneurs than mere traders, farmers, hardware retailers, wholesalers and food vendors.For some reason; it is difficult to attain this without mentors. Young people give up quickly out of many pressures coming from peers.

Thoughts of inventing die out as the young age because we don’t encourage them to grow their art and skill and to count every successful step they make. We just tell them to study, get a ‘good’ job and that is it; we kill dreams.

As a mentor and mentee, I have found out that it is important to always share and keep in touch with people who help you grow, not otherwise. So I spare time to meet my mentor and reach out to my mentee(s) however little a time. This helps me to develop my art, knowledge and skill and pass the same to the young ones after me.

I’m a and my theme this month is to be bold. Don’t be afraid to thrust, if you will you will; you are the precipice and your will is the bridge to success. Be Strong

07/07/2015

SME corner: how effective is crowd funding?

Running a small business from home is perhaps an ideal way for women in this part of the world to contribute to the national economy. However, it is sometimes said that they tend to start companies that are difficult to scale up. How can women be encouraged to have more ambition for the companies they start – rather than always remain a micro enterprise?
Over the past two years I have had the privilege of being wit successful women. While performing this role and during my business life in the Kenya, I have come across many successful small businesses that were started and run by ambitious women.

I believe that the Kenya, relative to the region, offers a positive environment for women to enter into and grow their business.

Without doubt getting a start-up off the ground from home would be both cost-efficient and easier for women with family commitments. However, this might not be the best way for an expatriate to get going in Kenya because local law requires a business to have a commercial lease which then generates the trade license and the employment Documents. This precludes operating a business from home.

Nevertheless, there are cost effective ways for an expat to get a small business off the ground. There are many different types of free zones across Kenya and depending on the commercial activity free zones can register a business that is 100 per cent foreign owned.

Within these zones the business can rent an office and obtain visas, which are linked to the size of that office. As the business scales up and thus acquires more commercial space, the number of visas that can be issued increase. It is also generally easier to process licenses and visas within a free zone.

Over the years I have worked with a number of successful companies that were the brainchild of Kenya based female entrepreneurs.

Human resources, public relations, food and beverage, and financial services are just few of the business segments I have come across where I have had first-hand experience of expat and Kenyan women growing a successful businesses from scratch.

There are a number of government-sponsored programmes available to Kenyan women who run micro enterprises. The Intilaq scheme is one such programme run by the kenyan women trust fund and is open to the women SME network including women.
This programme removes the need for micro enterprises to have a commercial lease thereby allowing these businesses to operate from home. I believe a few hundred Kenyan women entrepreneurs have registered through this programme and Intilaq is being actively marketed in colleges and higher training centers to encourage the small and medium enterprises sector to grow.
In the capital, the Nairobi Businesswomen Council seeks to empower Kenyan women in business by providing support services that assist, nurture and train aspiring entrepreneurs to get their business off the ground.
Nearly all the women entrepreneurs I have encountered have one common thread – an encouraging family that supports her business to get off the ground and continue to do so as it becomes successful.
This, arguably, is the most important factor in encouraging women to be more ambitious with their micro enterprise.

07/07/2015

kindly find time to contact us on our numbers to know what we intend for the small micro-entrepreneurs on 0727928774 have a fruitful day

03/06/2015

For the fourth consecutive year, Facebook COO Sheryl Sandberg has been named the most powerful woman in technology on the Forbes’ Power Women list, placing eighth on the list overall. Sandberg is powerful not only as a billionaire executive of one of the most influential companies in the world, but also as a voice for female empowerment in the workplace as the author of the 2013 best-selling book Lean In.

Sandberg isn’t the only familiar face on the list. Many of these powerful leaders have long since established themselves in the tech sector. Claiming 18 spots on the list, these leaders continue to be the face of success in a tech culture that has gained a reputation for being unwelcoming to women.

Seven Silicon Valley executives made it into the top 25 on the Power Women list. After Sandberg, the same five CEOs have traded ranks with each other as the top women in tech since Forbes started tracking tech as its own category four years ago. This year, YouTube CEO Susan Wojcicki (No. 9 overall) took the No. 2 spot in tech from IBM CEO Virginia “Ginni” Rometty (No. 13), who had held the spot for the past three years. Rometty is this year’s third most powerful woman in tech, followed by in quick succession by HP CEO Meg Whitman (No. 14), Yahoo! CEO Marissa Mayer (No. 22), and newly promoted Oracle co-CEO Safra Catz (No. 24). Along with Apple Senior VP Angela Ahrendts (No. 25), these seven women demonstrate that the tech sector is a major source of power in today’s world–only politics has as many women in the top quarter of the list.

Only two newcomers joined the ranks of tech’s most powerful women this year. Former Morgan Stanley CFO Ruth Porat (No. 32) traded her influence on Wall Street for power in Silicon Valley when she became Google CFO in May 2015. The move elevated her 58 spots on the list since her last appearance in 2011. Newcomer GGV Managing Partner Jenny Lee takes the 98th spot overall, one of only two venture capitalists to make the list. She cracked the top 10 on the Forbes Midas List earlier this year, becoming the highest ranked woman in the list’s history.

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