Dear Entrepreneur, Here Are Things They Don’t Tell You

By Soko Directory Team / Published September 10, 2021 | 3:05 pm




KEY POINTS

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.


Mistakes

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





About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team


More Articles From This Author








Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2021
  • January 2021 (182)
  • February 2021 (227)
  • March 2021 (325)
  • April 2021 (260)
  • May 2021 (285)
  • June 2021 (273)
  • July 2021 (277)
  • August 2021 (233)
  • September 2021 (150)
  • 2020
  • January 2020 (272)
  • February 2020 (310)
  • March 2020 (390)
  • April 2020 (321)
  • May 2020 (335)
  • June 2020 (327)
  • July 2020 (334)
  • August 2020 (276)
  • September 2020 (214)
  • October 2020 (233)
  • November 2020 (242)
  • December 2020 (187)
  • 2019
  • January 2019 (253)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (250)
  • July 2019 (338)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (313)
  • November 2019 (362)
  • December 2019 (319)
  • 2018
  • January 2018 (291)
  • February 2018 (213)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (237)
  • June 2018 (178)
  • July 2018 (256)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (186)
  • 2017
  • January 2017 (183)
  • February 2017 (194)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (248)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (108)
  • May 2015 (116)
  • June 2015 (120)
  • July 2015 (148)
  • August 2015 (157)
  • September 2015 (188)
  • October 2015 (169)
  • November 2015 (173)
  • December 2015 (207)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950