Kenyan Business Feed
No Result
View All Result
Sunday, May 29, 2022
Subscribe
  • Home
  • News
    ‘High-Speed Starlink internet now available in Africa” – Elon Musk

    ‘High-Speed Starlink internet now available in Africa” – Elon Musk

    Geothermal Development Company gets ISO 9001:2015 certification

    Renewable Energy: GDC to add 49 MW to the National Grid

    East African Community receives a boost

    East African Community receives a boost

    Ksh 41 Million up for grab as KBL unveils Tekeleza Teketeke campaign

    Ksh 41 Million up for grab as KBL unveils Tekeleza Teketeke campaign

    NMS postpones third test runs for newly constructed Green Park Bus Terminal

    White elephant: The Nairobi Greenpark bus terminus to remain shut

    Police Officer Wants Safaricom, Airtel to Refund His Sh600K Swindled in Sim Swap

    Police Officer Wants Safaricom, Airtel to Refund His Sh600K Swindled in Sim Swap

    Kenya Bets on International  Meetings to Sell Leisure

    Kenya Bets on International Meetings to Sell Leisure

    Absa Earns Global Recognition for its energy and water efficiency investments

    Absa Earns Global Recognition for its energy and water efficiency investments

    Metropolitan National Sacco rebrands, announces dividends

    How to get a loan quickly from Metropolitan National Sacco

  • Markets
    South Africa’s wine Industry where Challenges are Solved with Technology

    South Africa’s wine Industry where Challenges are Solved with Technology

    Kenya to import maize from outside EAC to mitigate shortage

    Kenya to import maize from outside EAC to mitigate shortage

    Twiga Invests Ksh 1 billion To Scale Access To Affordable, High Quality Produce In Kenya

    Twiga Invests Ksh 1 billion To Scale Access To Affordable, High Quality Produce In Kenya

    CMA Issues Licenses Three Fund Managers

    CMA Issues Licenses Three Fund Managers

    CCI Global to occupy largest contact centre in Kenya at Tatu City

    CCI Global to occupy largest contact centre in Kenya at Tatu City

    CMA licenses two Online Forex Trading Intermediaries

    CMA licenses two Online Forex Trading Intermediaries

    CMA licenses Embu Coffee Farmers Marketing Agency

    CMA licenses Embu Coffee Farmers Marketing Agency

    BluePeak announces Ksh1.5 B Investment in Africure

    BluePeak announces Ksh1.5 B Investment in Africure

    Falling share prices raise banks dividend returns

    Falling share prices raise banks dividend returns

  • Real Estate
    Centum Digitalizes Real Estate Sector

    Centum Digitalizes Real Estate Sector

    Superior Homes Launches Reward Program for Investors

    Superior Homes Launches Reward Program for Investors

    Report: High Demand for Luxury Houses in Nairobi Fueling  Increase in Prices

    Report: High Demand for Luxury Houses in Nairobi Fueling Increase in Prices

    Regional property summit kicks off in Nairobi

    Regional property summit kicks off in Nairobi

    Five Reasons Why Real Estate Increases in Value

    Five Reasons Why Real Estate Increases in Value

    Optiven Foundation Launches TVET Sponsorship Program

    Optiven Foundation Launches TVET Sponsorship Program

    How Optiven is making it Easy for Kenyans to Own Transformed Land for their Dream Homes

    How Optiven is making it Easy for Kenyans to Own Transformed Land for their Dream Homes

    International Firm to help Kenyans Buy Property in The UK

    International Firm to help Kenyans Buy Property in The UK

    Centum’s Tribus To Invest Sh137 Million On 10 Youth Employment Centres

    We’re sorry: Weekly Citizen humbles before Centum CEO

  • Tech
    Kenyans promote exciting cultural diversity on TikTok

    Kenyans promote exciting cultural diversity on TikTok

    How to Secretly Leave a Whatsapp Group without Notification

    How to Secretly Leave a Whatsapp Group without Notification

    Tala Names Munyi Nthigah The New General Manager For Kenya

    Tala Names Munyi Nthigah The New General Manager For Kenya

    Children Will Not Access Fuliza, M-Shwari In M-PESA Junior Accounts

    Children Will Not Access Fuliza, M-Shwari In M-PESA Junior Accounts

    Safaricom Partners with vivo Smartphone to List New 4G Enabled Devices in the Kenyan Market 

    Safaricom Partners with vivo Smartphone to List New 4G Enabled Devices in the Kenyan Market 

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

    Galaxy S23: Samsung Developing 200- Megapixel Phone Camera

    Galaxy S23: Samsung Developing 200- Megapixel Phone Camera

    Oppo Reno 7: A Camera Microlens That is Out Of This World

    Oppo Reno 7: A Camera Microlens That is Out Of This World

    These Whatsapp and SMSs on your phone to land you in Jail or face 1 million fine

    WhatsApp Groups to Accomodate 512 People in Latest Update

  • World Business
    Meet The Richest Man Who Can Fund Kenya’s Budget Alone for 10years

    Meet The Richest Man Who Can Fund Kenya’s Budget Alone for 10years

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

    Central African Republic Adopts Bitcoin as an Official Currency

    Central African Republic Adopts Bitcoin as an Official Currency

    Netflix Stock Collapses After Losing 200,000 Subscribers

    Netflix Stock Collapses After Losing 200,000 Subscribers

    Putin spokesman refuses to rule out use of nuclear weapons if Russia faced an ‘existential threat’

    Putin spokesman refuses to rule out use of nuclear weapons if Russia faced an ‘existential threat’

    How new regulations are shaking up the world’s fastest sport

    How new regulations are shaking up the world’s fastest sport

    President Uhuru Urges International Community to Lift Sanctions on Zimbabwe

    President Uhuru Urges International Community to Lift Sanctions on Zimbabwe

    Blow to US as Japan rejects nuclear weapons

    Copyright Bill: Why You May not Be Able to Watch EPL, UEFA in Kenya

    Copyright Bill: Why You May not Be Able to Watch EPL, UEFA in Kenya

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    2022 Samsung TVs Lineup Earn Carbon Reduction Certification

    2022 Samsung TVs Lineup Earn Carbon Reduction Certification

    KCB Sustainability Efforts Win Global Award

    Russo Replaces Joshua Oigara as KCB CEO

    London Distillers Bags International Awards at The Monde Quality Awards

    London Distillers Bags International Awards at The Monde Quality Awards

    Ascent Capital buys majority in Valley Hospital in Nakuru

    Ascent Capital buys majority in Valley Hospital in Nakuru

    Absa Earns Global Recognition for its energy and water efficiency investments

    Absa Earns Global Recognition for its energy and water efficiency investments

    Centum Re Debt Status Analysis As Of 30th September 2021

    Centum Re Debt Status Analysis As Of 30th September 2021

    Naivas Supermarket Targets 400,000 Naivasha Residents With a New Outlet

    Naivas Supermarket Targets 400,000 Naivasha Residents With a New Outlet

    Why Kenyan economy is headed Pakistan direction

    Kenya’s repayment of Chinese loans jump to Sh73.5 billion

    Nairobi Railway Station Set For Facelift to a Transportation  Hub

    Nairobi Railway Station Set For Facelift to a Transportation Hub

    • Agribusiness
    • Banking
      KCB Sustainability Efforts Win Global Award

      Russo Replaces Joshua Oigara as KCB CEO

      Absa Earns Global Recognition for its energy and water efficiency investments

      Absa Earns Global Recognition for its energy and water efficiency investments

      LAW: Sacco members will soon use household goods as security for loans

      10 SACCOs in Kenya you should consider investing in for high returns

      Housing Finance Swings Back to Profitability

      Housing Finance Swings Back to Profitability

      KCB Unveils New Rwandan Subsidiary

      KCB Unveils New Rwandan Subsidiary

      Falling share prices raise banks dividend returns

      Falling share prices raise banks dividend returns

      Family Bank Okays Ksh1.1 Billion Dividend Payout

      Family Bank Okays Ksh1.1 Billion Dividend Payout

      Cybercrime Hampering Banks from Embracing New Products

      Cybercrime Hampering Banks from Embracing New Products

      Centum: How East Africa’s Leading Investment Company Provides Channel For Investors

      Centum raises its stake in Sidian Bank

    • Insurance
      How Rot in The Insurance Sector is Exposing Kenyans to Lose Funds

      How Rot in The Insurance Sector is Exposing Kenyans to Lose Funds

      APA Life Assurance Partners With Craydel To Financially Empower Students

      APA Life Assurance Partners With Craydel To Financially Empower Students

      Kenya Orient Life Assurance Bags ‘Pension Marketing Campaign of The Year’ Award

      Kenya Orient Life Assurance Bags ‘Pension Marketing Campaign of The Year’ Award

      Jubilee Acquires Additional Stake in SEACOM

      Jubilee Acquires Additional Stake in SEACOM

      Over 1000 Women Benefit From Absa, KNCCI Financial Training

      Over 1000 Women Benefit From Absa, KNCCI Financial Training

      Family Bank is The Best in Customer Satisfaction-Survey

      Family Bank is The Best in Customer Satisfaction-Survey

      New Platform to Help Kenyans Save From as Little as Ksh5 bob

      New Platform to Help Kenyans Save From as Little as Ksh5 bob

      Stanbic Bank Ink Deal To Champion Women Empowerment Iniatives

      Stanbic Bank Ink Deal To Champion Women Empowerment Iniatives

      UAP Old Mutual Partners with Gertrude’s Children’s Hospital to vaccinate against HPV

      UAP Old Mutual Partners with Gertrude’s Children’s Hospital to vaccinate against HPV

    • Manufacturing
    • Opinion
      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

      How COVID-19 Impacted the Adoption of Digital Health Technology

      How COVID-19 Impacted the Adoption of Digital Health Technology

      Why Kenyan economy is headed Pakistan direction

      Why Kenyan Economy is headed Pakistan direction

      Opinion: Create favorable conditions for increased value add in manufacturing

      Opinion: Recovery, growth key to creation of jobs in industries

      Lifestyle innovation is making home-life healthier for families

      Lifestyle innovation is making home-life healthier for families

      Car Loans Offering Convenient Mobility To Middle And Low-Income Families

      Car Loans Offering Convenient Mobility To Middle And Low-Income Families

      OPINION: Africa’s War to Secure the Internet  

      OPINION: Africa’s War to Secure the Internet  

      Prioritize long-term energy cost reduction for sustained industry growth

      Prioritize long-term energy cost reduction for sustained industry growth

      Opinion: Setting a New Standard for Smartphones in Our Changing World

      Opinion: Setting a New Standard for Smartphones in Our Changing World

Kenyan Business Feed
  • Home
  • News
    ‘High-Speed Starlink internet now available in Africa” – Elon Musk

    ‘High-Speed Starlink internet now available in Africa” – Elon Musk

    Geothermal Development Company gets ISO 9001:2015 certification

    Renewable Energy: GDC to add 49 MW to the National Grid

    East African Community receives a boost

    East African Community receives a boost

    Ksh 41 Million up for grab as KBL unveils Tekeleza Teketeke campaign

    Ksh 41 Million up for grab as KBL unveils Tekeleza Teketeke campaign

    NMS postpones third test runs for newly constructed Green Park Bus Terminal

    White elephant: The Nairobi Greenpark bus terminus to remain shut

    Police Officer Wants Safaricom, Airtel to Refund His Sh600K Swindled in Sim Swap

    Police Officer Wants Safaricom, Airtel to Refund His Sh600K Swindled in Sim Swap

    Kenya Bets on International  Meetings to Sell Leisure

    Kenya Bets on International Meetings to Sell Leisure

    Absa Earns Global Recognition for its energy and water efficiency investments

    Absa Earns Global Recognition for its energy and water efficiency investments

    Metropolitan National Sacco rebrands, announces dividends

    How to get a loan quickly from Metropolitan National Sacco

  • Markets
    South Africa’s wine Industry where Challenges are Solved with Technology

    South Africa’s wine Industry where Challenges are Solved with Technology

    Kenya to import maize from outside EAC to mitigate shortage

    Kenya to import maize from outside EAC to mitigate shortage

    Twiga Invests Ksh 1 billion To Scale Access To Affordable, High Quality Produce In Kenya

    Twiga Invests Ksh 1 billion To Scale Access To Affordable, High Quality Produce In Kenya

    CMA Issues Licenses Three Fund Managers

    CMA Issues Licenses Three Fund Managers

    CCI Global to occupy largest contact centre in Kenya at Tatu City

    CCI Global to occupy largest contact centre in Kenya at Tatu City

    CMA licenses two Online Forex Trading Intermediaries

    CMA licenses two Online Forex Trading Intermediaries

    CMA licenses Embu Coffee Farmers Marketing Agency

    CMA licenses Embu Coffee Farmers Marketing Agency

    BluePeak announces Ksh1.5 B Investment in Africure

    BluePeak announces Ksh1.5 B Investment in Africure

    Falling share prices raise banks dividend returns

    Falling share prices raise banks dividend returns

  • Real Estate
    Centum Digitalizes Real Estate Sector

    Centum Digitalizes Real Estate Sector

    Superior Homes Launches Reward Program for Investors

    Superior Homes Launches Reward Program for Investors

    Report: High Demand for Luxury Houses in Nairobi Fueling  Increase in Prices

    Report: High Demand for Luxury Houses in Nairobi Fueling Increase in Prices

    Regional property summit kicks off in Nairobi

    Regional property summit kicks off in Nairobi

    Five Reasons Why Real Estate Increases in Value

    Five Reasons Why Real Estate Increases in Value

    Optiven Foundation Launches TVET Sponsorship Program

    Optiven Foundation Launches TVET Sponsorship Program

    How Optiven is making it Easy for Kenyans to Own Transformed Land for their Dream Homes

    How Optiven is making it Easy for Kenyans to Own Transformed Land for their Dream Homes

    International Firm to help Kenyans Buy Property in The UK

    International Firm to help Kenyans Buy Property in The UK

    Centum’s Tribus To Invest Sh137 Million On 10 Youth Employment Centres

    We’re sorry: Weekly Citizen humbles before Centum CEO

  • Tech
    Kenyans promote exciting cultural diversity on TikTok

    Kenyans promote exciting cultural diversity on TikTok

    How to Secretly Leave a Whatsapp Group without Notification

    How to Secretly Leave a Whatsapp Group without Notification

    Tala Names Munyi Nthigah The New General Manager For Kenya

    Tala Names Munyi Nthigah The New General Manager For Kenya

    Children Will Not Access Fuliza, M-Shwari In M-PESA Junior Accounts

    Children Will Not Access Fuliza, M-Shwari In M-PESA Junior Accounts

    Safaricom Partners with vivo Smartphone to List New 4G Enabled Devices in the Kenyan Market 

    Safaricom Partners with vivo Smartphone to List New 4G Enabled Devices in the Kenyan Market 

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

    Galaxy S23: Samsung Developing 200- Megapixel Phone Camera

    Galaxy S23: Samsung Developing 200- Megapixel Phone Camera

    Oppo Reno 7: A Camera Microlens That is Out Of This World

    Oppo Reno 7: A Camera Microlens That is Out Of This World

    These Whatsapp and SMSs on your phone to land you in Jail or face 1 million fine

    WhatsApp Groups to Accomodate 512 People in Latest Update

  • World Business
    Meet The Richest Man Who Can Fund Kenya’s Budget Alone for 10years

    Meet The Richest Man Who Can Fund Kenya’s Budget Alone for 10years

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

    Central African Republic Adopts Bitcoin as an Official Currency

    Central African Republic Adopts Bitcoin as an Official Currency

    Netflix Stock Collapses After Losing 200,000 Subscribers

    Netflix Stock Collapses After Losing 200,000 Subscribers

    Putin spokesman refuses to rule out use of nuclear weapons if Russia faced an ‘existential threat’

    Putin spokesman refuses to rule out use of nuclear weapons if Russia faced an ‘existential threat’

    How new regulations are shaking up the world’s fastest sport

    How new regulations are shaking up the world’s fastest sport

    President Uhuru Urges International Community to Lift Sanctions on Zimbabwe

    President Uhuru Urges International Community to Lift Sanctions on Zimbabwe

    Blow to US as Japan rejects nuclear weapons

    Copyright Bill: Why You May not Be Able to Watch EPL, UEFA in Kenya

    Copyright Bill: Why You May not Be Able to Watch EPL, UEFA in Kenya

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    2022 Samsung TVs Lineup Earn Carbon Reduction Certification

    2022 Samsung TVs Lineup Earn Carbon Reduction Certification

    KCB Sustainability Efforts Win Global Award

    Russo Replaces Joshua Oigara as KCB CEO

    London Distillers Bags International Awards at The Monde Quality Awards

    London Distillers Bags International Awards at The Monde Quality Awards

    Ascent Capital buys majority in Valley Hospital in Nakuru

    Ascent Capital buys majority in Valley Hospital in Nakuru

    Absa Earns Global Recognition for its energy and water efficiency investments

    Absa Earns Global Recognition for its energy and water efficiency investments

    Centum Re Debt Status Analysis As Of 30th September 2021

    Centum Re Debt Status Analysis As Of 30th September 2021

    Naivas Supermarket Targets 400,000 Naivasha Residents With a New Outlet

    Naivas Supermarket Targets 400,000 Naivasha Residents With a New Outlet

    Why Kenyan economy is headed Pakistan direction

    Kenya’s repayment of Chinese loans jump to Sh73.5 billion

    Nairobi Railway Station Set For Facelift to a Transportation  Hub

    Nairobi Railway Station Set For Facelift to a Transportation Hub

    • Agribusiness
    • Banking
      KCB Sustainability Efforts Win Global Award

      Russo Replaces Joshua Oigara as KCB CEO

      Absa Earns Global Recognition for its energy and water efficiency investments

      Absa Earns Global Recognition for its energy and water efficiency investments

      LAW: Sacco members will soon use household goods as security for loans

      10 SACCOs in Kenya you should consider investing in for high returns

      Housing Finance Swings Back to Profitability

      Housing Finance Swings Back to Profitability

      KCB Unveils New Rwandan Subsidiary

      KCB Unveils New Rwandan Subsidiary

      Falling share prices raise banks dividend returns

      Falling share prices raise banks dividend returns

      Family Bank Okays Ksh1.1 Billion Dividend Payout

      Family Bank Okays Ksh1.1 Billion Dividend Payout

      Cybercrime Hampering Banks from Embracing New Products

      Cybercrime Hampering Banks from Embracing New Products

      Centum: How East Africa’s Leading Investment Company Provides Channel For Investors

      Centum raises its stake in Sidian Bank

    • Insurance
      How Rot in The Insurance Sector is Exposing Kenyans to Lose Funds

      How Rot in The Insurance Sector is Exposing Kenyans to Lose Funds

      APA Life Assurance Partners With Craydel To Financially Empower Students

      APA Life Assurance Partners With Craydel To Financially Empower Students

      Kenya Orient Life Assurance Bags ‘Pension Marketing Campaign of The Year’ Award

      Kenya Orient Life Assurance Bags ‘Pension Marketing Campaign of The Year’ Award

      Jubilee Acquires Additional Stake in SEACOM

      Jubilee Acquires Additional Stake in SEACOM

      Over 1000 Women Benefit From Absa, KNCCI Financial Training

      Over 1000 Women Benefit From Absa, KNCCI Financial Training

      Family Bank is The Best in Customer Satisfaction-Survey

      Family Bank is The Best in Customer Satisfaction-Survey

      New Platform to Help Kenyans Save From as Little as Ksh5 bob

      New Platform to Help Kenyans Save From as Little as Ksh5 bob

      Stanbic Bank Ink Deal To Champion Women Empowerment Iniatives

      Stanbic Bank Ink Deal To Champion Women Empowerment Iniatives

      UAP Old Mutual Partners with Gertrude’s Children’s Hospital to vaccinate against HPV

      UAP Old Mutual Partners with Gertrude’s Children’s Hospital to vaccinate against HPV

    • Manufacturing
    • Opinion
      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

      How COVID-19 Impacted the Adoption of Digital Health Technology

      How COVID-19 Impacted the Adoption of Digital Health Technology

      Why Kenyan economy is headed Pakistan direction

      Why Kenyan Economy is headed Pakistan direction

      Opinion: Create favorable conditions for increased value add in manufacturing

      Opinion: Recovery, growth key to creation of jobs in industries

      Lifestyle innovation is making home-life healthier for families

      Lifestyle innovation is making home-life healthier for families

      Car Loans Offering Convenient Mobility To Middle And Low-Income Families

      Car Loans Offering Convenient Mobility To Middle And Low-Income Families

      OPINION: Africa’s War to Secure the Internet  

      OPINION: Africa’s War to Secure the Internet  

      Prioritize long-term energy cost reduction for sustained industry growth

      Prioritize long-term energy cost reduction for sustained industry growth

      Opinion: Setting a New Standard for Smartphones in Our Changing World

      Opinion: Setting a New Standard for Smartphones in Our Changing World

No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home Featured

Opinion: How to identify business opportunities to invest.

by Neymar
July 10, 2020
in Featured, KBF, Opinion
0
208
SHARES
2.5k
VIEWS
Share on FacebookShare on TwitterShare On Whatsapp
Loading...

By Sam Vidambu,  Founding Director and CEO of Ambigen LTD

If you’re reading this you’re probably thinking about having a second source of income. If you have a second source then you’re thinking about a third source of income. You’ve thought alot about it. You’ve procrastinated for months, years, and even decades because you’re waiting for the right moment. There’s never right moment, it’s you to create the right moment. Today I’ll help you create that moment because if you wait then you’re going to wait forever.

If you’re reading this to the end then you’re after financial freedom.

As the novel corona virus wrecks global havoc, thinking about something else to bring in money after all these is over should be something to think about. We’ve learnt many lessons from this pandemic. The main lesson is preparedness for uncertain future.

Two weeks ago, I wrote an article discussing about why teachers need a second source of income (thanks God the article was featured in several newspapers and journals). I then promised that I will write another article on how to identify opportunities and scale them up. Here we are today.

As I crisscross the downtown of the city of Nairobi, I realize that along different streets, different products and services are sold, Luthuli Avenue is known for electronics, Kirinyaga road is known for spare parts, Cross road mostly deals deals with stationery, Ukwala road is known for FMCG (Fast Moving Consumer Goods) and Wholesales, and of course the most common River Road is mostly known for cosmetics and jewellery.

Why am I giving these examples? After writing my last article, I got hundreds of calls and thousands of messages from people asking me different questions, “Sam, where can I invest ?”, Others saying “Sam, I have debts accruing to over 500,000 where do I start from?” among other questions.

If I was to advice these Kenyans to start businesses, I would have adviced them the same way. I would have told them to do the same thing. We Kenyans have one problem, we like copying. The reason why Kirinyaga road has many shops selling automobile spare parts is because one person had a shop initially, then someone else copied then another copied and the chain never stopped.

So, Mwalimu, how do you identify the right business opportunities without looking like you’re copying from your neighbour who already has an existing venture?

Look for the gap in the market then look for the market in the gap. The gap is the problem in the economy or in your society, so as an entrepreneur it’s your duty, responsibility and obligation to solve this problem.

The work of an entrepreneur is not to sell products, it’s to solve problems.

As an entrepreneur whenever you see a problem you should see an opportunity. An opportunity for you to solve the problem then earn from solving the problem.

Loading...

Good entrepreneurs see and solve problems but great entrepreneurs create and solve problems.

Teachers, you’re smart people, just like I said in my last article. We all know that human beings are very comfortable and they hate change. So as an entrepreneur you could be seeing a problem that needs to be solved in your city or town or even village but the people that will benefit from it are not seeing the need for the solution. If that’s the case then what do you do? You have to create the problem so that they can see it clearly (not many will understand this).

Before the invention of electricity if you met someone and told them that we needed electricity they would laugh at you, before we started using Compact Disc (CD) we used to have something called tape recorders/cassette tapes and before the tapes we had something called ‘santuri’, people were very comfortable with ‘cassette tapes’ but the inventors of CD were smart because they created a problem. They marketed the CD very well, they told buyers that cassette tapes used to produce hissing sound, that hissing sound is what made CD to outsell cassettes.

Don’t copy what someone is doing, solve a problem, and if you can’t see a problem then create it and solve it.

Great business ideas don’t come from brainstorming or boardroom meetings or even critical thinking, they come from solving a problem. If Steve Jobs asked other people in a boardroom meeting if it was okay to start Apple then Apple would have never been found.

As per my high school business class many years ago, we have four factors of production, land, labour, capital and entrepreneurship. Most people complain about capital. How do you complain about capital yet you have no business idea? Others have ideas but are not solving any problem in the economy. The main problem with most wannabe entrepreneurs is that they lack entrepreneurial skills.
You can’t learn how to swim yet you’re outside the swimming pool.

Just start. Start solving problems, start with fear, start with pain, start with doubts, start from scratch, start with risk, start with no rich uncles, start with risk, just start, start and never stop. Start from where you are, use what you have, do what you can.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]

Comments

comments

Loading...
Page 1 of 2
12Next
Loading...

Popular Articles

  • Monkeypox: Signs and symptoms of world’s next pandemic

    Monkeypox: Signs and symptoms of world’s next pandemic

    169 shares
    Share 68 Tweet 42
  • Russo Replaces Joshua Oigara as KCB CEO

    166 shares
    Share 66 Tweet 42
  • Police Officer Wants Safaricom, Airtel to Refund His Sh600K Swindled in Sim Swap

    161 shares
    Share 64 Tweet 40
  • Monkeypox in Africa: Suspected cases in Sudan and Morocco as Kenya heightens surveillance at border points

    160 shares
    Share 64 Tweet 40
  • White elephant: The Nairobi Greenpark bus terminus to remain shut

    159 shares
    Share 64 Tweet 40
  • Trending
  • Comments
  • Latest
Indomie Is Unfit For Human Consumption Comesa Warns Kenyans

Indomie Is Unfit For Human Consumption Comesa Warns Kenyans

May 4, 2022
Nyeri’s iconic White Rhino hotel to be auctioned

Nyeri’s iconic White Rhino hotel to be auctioned

May 17, 2022
How to Secretly Leave a Whatsapp Group without Notification

How to Secretly Leave a Whatsapp Group without Notification

May 18, 2022
LAW: Sacco members will soon use household goods as security for loans

10 SACCOs in Kenya you should consider investing in for high returns

May 12, 2022
‘High-Speed Starlink internet now available in Africa” – Elon Musk

‘High-Speed Starlink internet now available in Africa” – Elon Musk

May 28, 2022
Centum Digitalizes Real Estate Sector

Centum Digitalizes Real Estate Sector

May 27, 2022
Geothermal Development Company gets ISO 9001:2015 certification

Renewable Energy: GDC to add 49 MW to the National Grid

May 27, 2022
Monkeypox in Africa: Suspected cases in Sudan and Morocco as Kenya heightens surveillance at border points

Monkeypox in Africa: Suspected cases in Sudan and Morocco as Kenya heightens surveillance at border points

May 27, 2022


© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • News
  • Markets
  • Real Estate
  • Tech
  • World Business
  • KBF
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion