Starting up a business in Kenya is not that easy. There is a lot of capital and sacrifice that goes into it. When starting a business entrepreneurs have high expectations that the business will succeed but sometimes they get frustrated.
Entrepreneurs need to support one another to thrive and succeed in business. In most cases, business owners run their businesses alone without getting any financial or technical support from other entrepreneurs.
There are many challenges startup businesses and SMEs face that may lead to collapse. What if entrepreneurs came together to support one another address these challenges? It would be easier for these businesses to survive and thrive.
They say if you want to go fast go alone and if you want to go far go together. There are many things successful entrepreneurs don’t tell us about entrepreneurship. A group of Entrepreneurs can come together to discuss their highs and lows.
Starting up a business in Kenya is not that easy. There is a lot of capital and sacrifice that goes into it. When starting a business entrepreneurs have high expectations that the business will succeed but sometimes they get frustrated. When they face challenges, they don’t have someone to run to and discuss how to get long-term solutions and solve the problems.
Things even get dire for them when they need capital urgently to boost their business but can’t access credit from banks and other financial institutions urgently. That means they wait a little longer to get financial support and could have missed out on a business opportunity.
Entrepreneurs make mistakes in business and this costs them big time. They end up making losses, losing customers, missing business opportunities or even their businesses collapse. Some of these mistakes could be avoided if Entrepreneurs had a platform to discuss their challenges, exchange ideas, offer financial and technical support to one another, and promote their businesses.
The need for entrepreneurs to support one another in business led to the birth of an investment group. Steve Biko Wafula the CEO of Soko Directory and Entrepreneur has this great idea of bringing entrepreneurs together to discuss their entrepreneurship journey, support one another with ideas, provide solutions and act as social capital.
What value can entrepreneurs add to one another? Entrepreneurs can mentor one another in business, support one another, pool funds together in an investment group, invest and grow and most important act as social security in the business.
“I want to create an investment group where entrepreneurs will contribute weekly and we will give part of the money to a business to support them. Part of the contributions will be saved and will be saved so that members can borrow in case of emergencies that need urgent attention” Steve Biko Wafula
Entrepreneurs in Kenya do not have an accessible platform to raise the issues affecting them and participate in policymaking. The investment group for entrepreneurs will also help lobby for support and push for policy changes on issues affecting them.
“We can use this investment group to lobby and effect implementation of government policies on issues affecting us as Entrepreneurs” said Steve Biko Wafula
In the investment, group members will also discuss business news and available investment opportunities in Kenya. Entrepreneurs proposed weekly Twitter spaces to discuss issues and support one another.
They are inviting new members to join this investment group on Signal. If you are an entrepreneur and would like to be part of the support and growth group follow this link to join https://t.co/Csv2XsQvId
Entrepreneurs can survive and thrive easily when they support one another. On this platform, you will also have a voice on policy issues. Change begins with us. We are better together.
By Waruhiu Franklin