Small Business Advice: Guidance on starting and managing small businesses in Kenya.
In 2024, the investment landscape in Kenya continues to evolve, offering a range of opportunities across various sectors. Here’s an in-depth look at some of the best investment options in Kenya for 2024, considering current trends and market conditions: 1. Real Estate Residential Properties Commercial Real Estate Real Estate Investment Trusts (REITs) 2. Stock Market…
The 5C’s of goal setting—Clarity, Challenge, Commitment, Consistency, and Celebration—offer a comprehensive framework for achieving financial and personal objectives. Setting clear, specific goals (Clarity) ensures focused efforts, while challenging yet realistic targets (Challenge) keep you motivated. Dedication and accountability (Commitment) are crucial for staying on track, supported by consistent habits and regular reviews (Consistency). Celebrating…
Small businesses in Kenya face a myriad of challenges that hinder their growth and sustainability. The 3 Main Challenges Facing Small Businesses include access to finance, regulatory burdens, and competition from both local and international markets. 1. Access to Finance One of the most pressing issues for small businesses in Kenya is the difficulty in…
Understanding Simplified Taxation: Features, Benefits, and Disadvantages Simplified taxation refers to tax systems designed to be straightforward and easy to understand, aiming to reduce the complexity and administrative burden associated with tax compliance. These systems often involve simplified tax rates, fewer tax brackets, and more straightforward reporting requirements. The main objectives of simplified taxation are…
What Business Can I Start With 100K in Mombasa, Kenya? Mombasa, with its vibrant economy and entrepreneurial spirit, offers numerous opportunities for aspiring business owners. If you’re wondering, “What business can I start with Ksh 100,000 in Mombasa?” rest assured that this amount can indeed help you embark on your entrepreneurial journey. Here, we explore…
What Is a Sole Proprietorship? A sole proprietorship is an unincorporated business owned and operated by a single individual. This type of business structure is the simplest and easiest to establish, making it a popular choice for small businesses, freelancers, individual contractors, and consultants. In a sole proprietorship, there is no legal distinction between the…
Starting a small business in Kenya involves several steps, including idea generation, planning, registration, compliance, and execution. Here’s a detailed guide to help you through the process: here are 10 steps on how to start a small business in Kenya 1. Idea Generation and Market Research 2. Business Plan Development 3. Business Registration 4. Tax…