WANT TO MAKE A MILLION IN ONE DAY?

millionaire

Its been a minute since I shared something, I feel very guilty considering we are already half way though the year!

While I’ve been away, I’ve had the pleasure of being part of an amazing group of young women under 30 who are armed to the teeth with information and passion to make a difference in their lives, and the country. Most are entrepreneurs running  or have partnered to run businesses.

I like encouraging people to venture into business, growing their talents and making money while at it. Let’s be honest, white-collar jobs are not what they used to be. Who knew you’d make money off running someone else’s social media accounts? who knew you’d one day get paid to go around restaurants rating food?

Majority of those working now have been in that office for a minute, so as you train, whose job are you planning on taking exactly? Companies are downsizing and even shutting down. So where are you getting that job?

Here are a few eye opening facts we’ve seen this year.

As applications for the second cohort of Tuskys internship programme came to a close on June 30th, the reality of joblessness in Kenya became more apparent. According to results of the applications, majority of applicants were masters and undergraduate degree holders seeking to intern at Tuskys, Kenya’s second biggest retail chain in terms of turnover.

“The fact that even holders of Master’s degrees are looking for internships is a pointer that we have a huge role to play in filling in the skills gap,” said Tuskys CEO Dan Githua. “It shows that experience is as important as academic qualifications in the employment market.”

But it also shows how desperate the jobless market has become with thousands of graduates chasing fewer jobs in the market. So few that candidates are resorting to applying for jobs and opportunities they are overqualified for to increase their chances of being considered.

http://www.businesstoday.co.ke/masters-degree-holders-scramble-for-tuskys-internship/

An unsettling fact; 80% of unemployed Kenyans are below 35 years.

“The challenge of youth unemployment is compounded by the fact that 90% of all unemployed young people lack vocational skills, said Sicily Kariuki, cabinet secretary for youth and gender affairs in the Ministry of Public Service. “Addressing youth unemployment therefore calls for innovation, investment and commitment among all stakeholders.”

Unemployment is a major challenge that affects youth across Kenya. Approximately 800,000 young Kenyans enter the labour market every year and youth unemployment is estimated to be as high as 35%, compared to the overall national unemployment rate of 10%. Furthermore, 80% of unemployed Kenyans are below 35 years old.

https://www.theguardian.com/sustainable-business/2016/mar/02/tackling-youth-unemployment-in-kenya-through-public-private-collaboration

future mill

I’m sure most of you have read this in various WhatsApp groups and fb posts.

If your boss paid you 30,000 every month and you saved all that money without touching a coin, you would need to work for 36 months to get 1 million.

But if you convinced an organization like The UN to give you a printing job for only 5000 umbrellas and you made Ksh. 200  from each umbrella that  would be  5000×200=1,000,000. In only 1 day.

It becomes crazy if you want to become a Billionaire. Say your boss pays you 1 million per month and you saved all that money without touching a single coin, in a year you would only have 12 million and you would need to work for 84 years to get 1 billion (How old are you??).

However, there are 40 + million people in Kenya if you supplied salt to 12 million of them once per month making 10 bob per packet, it would only take you 1 year to be a billionaire.

A lot of people may punch holes in this, however what is key here is the lesson.

Times are changing, I’ll tell you this, companies hire people who can perform more than one task. The disruption is real, and its happening fast in Kenya and in Africa. We need to shape up and catch up fast.

My two cents on this:

  1. On top of what you already studied for, add a few more skills, that always wins.
  2. White collar jobs aren’t what they used to be, if you are below 30, you fall under the  entrepreneurial generation so get off the couch and do something.
  3. With Africa becoming a ‘continent of interest’ you don’t have to think going abroad will save your life, now is the time to take advantage of the opportunities coming in.
  4. Tender-preneurship is a thing now, jump on it.
  5. Take advantage of the youth,women tenders already set aside. If you don’t, who will?
  6. Nothing will come easy,that we all know, so brace yourself for tough times.However, it will be worth every minute.
  7. For the record, Farming isn’t shady.

 

Have a beautiful thought-provoking day 🙂

 

Cheers,

Cynthia Ythera Mwangi

 

 

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CINDERELLA,THE LIZARD AND MY AHA MOMENT

As 2016 year started, I found myself watching a re-run of Cinderella , (yes yes I’m one of those) oh how familiar this story is. And every fairytale from here to King George’s kingdom . The beautiful girl is married by the prince and the evil step sisters bite the dust. YES? Of course… And for a long time, I thought most of the fairly tales were about that…love. As a little girl I hoped my prince charming would come in and swoop me off my feet too and we’d live happily ever after in a big castle ( I know allow a girl her moments)

As I watched it, little things started catching my attention. Like this simple conversation :

cinderella

Cinderella: I’m frightened, Mr. Lizard.
Lizard Footman: Oh.
Cinderella: I’m only a girl, not a princess.
Lizard Footman: And I’m only a lizard, not a footman. Enjoy it while it lasts.
[Ella smiles then with a breath of courage starts making her way inside the palace]

   Then it all came together. It was always about being courageous, believing and taking risks. The answer the footman gave was what we may refer to as the pep talk before a big match; Before taking the first step into your happily ever after. Scared as you may be, courage is necessary.                     Have courage,

 I watched as Cinderella’s step-mother squashed every chance she might have had to meet the prince. However, when the time came, nothing could stand in her way. Her step-sisters laughed and mocked her but she still hoped. Something she never lost. she was determined, she held on to her dream, her spirit wasn’t crushed. You should have seen me scribbling down these words right after the movie. My light bulb moment gave me something I think was slowly dying; Hope. I was awakened, in that moment, I saw hope.

In 2016 May you be reminded like I was, to be hopeful, courageous, believe and taking risks. When an opportunity presents itself, no matter how insane it looks or feels, no matter how small, take it and Enjoy yourself.

Happy-New-Year-2016

Now I can wish you a Blessed New Year 2016!!

I look forward to hearing about the chances you took. yes? Brilliant!

I’ll leave you with these words : Have courage,  be kind and all will be well

 

Cheers,

Cynthia Ythera Mwangi

WOMEN IN TECH AFRICA LAUNCHES KENYA CHAPTER

WOMEN IN TECHAFRUCA

 

Date: September 10th 2015

Time : 6pm – 8:30pm
Theme: Women Leadership and the African Technology Dialogue
Target Audience: Women working in the technology sector and technology thought leaders across Africa
Location: iHub Nairobi,4th Floor, Bishop Magua Centre, Ngong Rd, Nairobi, Kenya

We would want you to invite you to attend

Speakers

Wambui Kenya – Managing Director – Africa at ThoughtWorks

Amrote Abdella -Director, Venture Capital & Start-ups, Microsoft Africa Initiatives

Linet Kwamboka CEO at DataScience LTD (Nairobi)

Amanda Gicharu Kemoli Co-Founder & Program Director Tech Republic Africa

In context of the theme we would l these ideas:
The Climb: playing to your strengths for career leadership
How do we support the entrepreneurs, how can we invest in the businesses that African women want to build/are building.
Entrepreneurship in Africa
Failure and Career Growth

Women in Tech Africa has membership of over 500 women in over 30 countries in Africa and will be launching Chapters in South Africa, Nigeria, Uganda, Kenya, Zambia and Canada in addition to Ghana by December 2015

About Women in tech Africa
In order to identify and learn from other Women in Technology across Africa, Women in Technology across Africa spear headed and run the first Pan African women in tech virtual meet up which brought together over 150 women in technology roles across Africa and was featured in CNN.
The success of this process resulted in an established a formal Pan-African Network of Women in Technology to organise regular activities to provide effective support to women in technology across the African continent.

source: event Facebook page

WRITING YOUR BUSINESS PLAN

business-plan      Whether you’re starting or growing your business, you need a business plan. Your plan will provide the road map to achieve the success you want. The question shouldn’t be IF you write your plan, but how to write a business plan that will take your company where you want to go.

Your business plan is essentially your answers to a comprehensive list of questions. The first and most important question is this: where do you want your business to go? Stated differently, what do you want your business to look like in three, five or even 10 or more years? What level of revenues and profits do you have at that time? How many employees? How many locations? And so on.

Likewise, your business plan should answer these questions for a shorter time period, particularly one year. That is, what are your business’ goals for the current year, and what must you accomplish to make the year a success.

Tips when writing your business plan

When writing your business plan and before you start using it, consider the following:

  • Do your research – You will need to make quite a few decisions about your business including structure, marketing strategies and finances before you can complete your plan. By having the right information to hand you also can be more accurate in your forecasts and analysis.
  • Determine who the plan is for – Does it have more than one purpose? Will it be used internally or will third parties be involved? Deciding the purpose of the plan can help you target your answers. If third parties are involved, what are they interested in? Although don’t assume they are just interested in the finance part of your business. They will be looking for the whole package.
  • Do not attempt to complete your business plan from start to finish – First decide which sections are relevant for your business and set aside the sections that don’t apply. You can always go back to the other sections later. Get some help – If you aren’t confident in completing the plan yourself, you can enlist the help of a professional (i.e. Business Enterprise Centre, business adviser, or accountant) to look through your plan and provide you with advice.
  • Actual vs. expected figures – Existing businesses can include actual figures in the plan, but if your business is just starting out and you are using expected figures for turnover and finances you will need to clearly show that these are expected figures or estimates.
  • Write your summary last – Use as few words as possible. You want to get to the point but not overlook important facts. This is also your opportunity to sell yourself. But don’t overdo it. You want prospective banks, investors, partners or wholesalers to be able to quickly read your plan, find it realistic and be motivated by what they read.
  • Review. Review. Review – Your business plan is there to make a good impression. Errors will only detract from your professional image so ask a number of impartial people to proofread your final plan.

 Business plan chalkboard

What to include in a business plan?

A business plan provides direction, keeping you on track and is usually a requirement when you seek finance. Depending on your business type, your plan could include the following sections:

  1. Company Analysis: what products and/or services do you offer now and/or what will you develop and offer in the future?
  2. Industry Analysis: how big is/are your market(s) and how are they changing? What trends are affecting them and do these trends bode well for your future success?
  3. Competitive Analysis: who are your competitors and what are each of their key strengths and weaknesses? In what areas will you have or gain competitive advantage? How?
  4. Customer Analysis: who are your target customers? What are their demographic and/or psychographic profiles? What are their needs?
  5. Marketing Plan: how will your reach your target customers? What promotional tactics and marketing channels will you use? How will you price your products and/or services? What brand positioning do you desire for each?
  6. Management Team: who comprises your current team and what key hires must you make in order to execute on the opportunity in front of you. Will you build a Board of Advisors or Directors, and if so, who will you seek?
  7. Operations Plan: what is your action plan? What are the milestones you must accomplish to go from where you are now to where you want to be at year’s end? At the end of five years?
  8. Financial Plan: how much external funding (if applicable) do you need to build your company? In what areas will these funds be invested? What are your projected revenues and profits over the next one to five years? What assets must you acquire?

 

Was this post helpful, Leave a comment.

Regards,

Cynthia Mwangi

Sources : forbes.com

: business.gov.au

Images : Google

BUSINESS IDEAS YOU CAN START TODAY : EVENT SERVICES

quote-Benjamin-Franklin-to-succeed-jump-as-quickly-at-opportunities-103044

we know how Kenyans get overly excited about events. Weddings, graduations, birthdays, barbeques,baby showers, bridal showers etc. Why not turn that into a business? You know someone who’ll be having a  party and can pay you to handle the logistics. Its not easy, trust me. But nothing ever came easy.

 

Event Services
Photography
With your eye for photo opportunities-at weddings, parties, special events and more-you could be zooming in on profits as a freelance photographer. Be prepared to work weekends and evenings (when many clients will need your services) and to hire an assistant to help you juggle your photo paraphernalia.

Errand Runner/Personal Shopper
Calling all shopaholics: Here’s one business where you can truly shop till you drop . . . without spending a penny of your own! Personal shoppers-who may also perform other errands, such as picking up prescriptions or buying groceries-can never complain about a lack of things to do.

Mobile DJ
As a mobile disc jockey, weddings, parties and other events are all music to your ears. Start jammin’ with a collection of compact discs, a CD player, and a speaker system, then pass on the word about your services to wedding and event planners.

Wedding-Planning Service
Getting married isn’t always as simple as saying, “I do.” There’s a caterer to be contracted, a location to be rented, and flowers to be ordered. So when it comes to making matrimony a more harmonious event for the new couple and their families, wedding planners take the cake.

Event Planning
If your life has been, well, uneventful until now, we have a solution: Be an event planner! Whether it’s a party, wedding or convention, you’re sure to be at the center of all the action when you coordinate everything from room rentals and speakers to decorations and food.

event

 

Limousine Service
With a limo and some insurance, you could be the driving force behind a new business venture. Stretch your market by adding more drivers and cars to your fleet. Then, once you’ve established a reliable reputation, start-driving home your limousine-service sales.

Photo Birth Announcements
For birth-announcement producers, business is booming as fast as the population! Some basic desktop-publishing software, scanning equipment, and the names of new parents put you in the starting blocks; from there, create fanciful photo-cards, including those all-important details: name, birth date, time and weight.

Video Service
You may not win a producer-of-the-year award, but you’ll win the appreciation of your clients when you capture their weddings,  birthdays and more on video. Keep the film rolling at special events, then edit a final version for clients’ own special screenings.

Reunion Organizing
Reunite ’em ’cause it pays so good: Whether it’s one big happy family or one big high school class, reunions can be a joyful-and lucrative-occasion for reunion organizers. coordinate the catering and entertainment, send out the invitations, then sit back and let it all “come together.”

 

Was this post helpful? Leave a comment.

 

Regards,

Cynthia Mwangi

 

source : Guen Sublette runs her writing-and-editing-services business from her home in Redondo Beach, California.

: entrepreneur.com

images : Google

 

 

BUSINESS IDEAS YOU CAN START TODAY : MARKETING AND SALES

A JOURNEY

If you can’t fly then run, if you can’t run then walk, if you can’t walk then crawl, but whatever you do you have to keep moving forward.”

Martin Luther King Jr.

 

Marketing and Sales
Sales-Lead Generating
Streamline salespeople’s efforts by identifying prospects and generating sales leads. Some footwork, market research, and a phone set you on the path to compiling a list of potential customers for your clients.

Public-Relations Agency
A way with words, enthusiasm and persistence are all necessary in this competitive business. Networking–by developing contacts with reporters and other media–is also crucial to helping your clients go public with press releases and more.

Copy writing and Proofreading Service
Wanted: creative writer with a knack for finding typos and misteaks . . . er, mistakes. Writers who help ensure clients’ advertising copy is both catchy and fault-free may not win a Pulitzer, but they will have some profits to write home about.

Public-Relations Agency
A way with words, enthusiasm and persistence are all necessary in this competitive business. Networking–by developing contacts with reporters and other media–is also crucial to helping your clients go public with press releases and more.

Sales Training
Don’t sell yourself short: With some self-promotion and marketing know-how, you could have what it takes to build your own business as a sales trainer. By sharing your sales savvy with other busy business owners, you not only help boost clients’ bottom line, but yours, too.

 

Source : Guen Sublette runs her writing-and-editing-services business from her home in Redondo Beach, California

Full article found in Young entrepreneurs

pictures : Google

BUSINESS IDEAS YOU CAN START TODAY : BUSINESS SERVICES

    This weekend I had the privilege of getting a front raw seat at my colleague’s wedding. One James Gichana. I have seen him grow from an intern, to a producer, deputy head of radio. He is a blessed man. I wish him and his beautiful wife Liz a happy and blessed marriage. 

One thing I saw from the day they said they want to get married, was the bond they had with friends and family. That does not come easy, its work, commitment and selflessness.Where people are going extra miles to make sure your life is better.  I pray that as you continue to build yourself you have people who will stand with you, walk with you in every aspect of your life.  No one ever made it on their own.

My contribution to your next step, again is my sharing with ideas that should you decide to take up, wil propel you even further towards your dream.

  It’s the little things you do. That’s what will make the difference. Wangari Maathai

 

Business-Plan Consulting
Not only is a business plan crucial in obtaining bank financing, but it’s an invaluable tool for anticipating–and tackling–a business’s inevitable ups and downs. With your writing skills, spreadsheet know-how, and general business savvy, show clients how to present their best-laid plans . . . while accomplishing your own.

Packing and Unpacking Service
Packing up to move to a new home or office–not to mention unpacking on the other end–is enough to leave one feeling upended. Thank goodness for packing and unpacking entrepreneurs who, with their hassle- and time-saving services, make moving seem like magic.

Business-Travel Management
Make the skies even friendlier for business travelers–and less costly for business owners–as a business–travel manager. Help book low-price tickets, keep expense records, manage frequent-flier miles . . . and reap the high-flying rewards.

Specialized Staffing
Helping clients meet their workforce needs is a matter of finding a niche and filling it–and keeping up with human resources trends. Work your way up in the industry by developing a roster of specially skilled workers, then use your “people skills” to build your business.

Business-Words

 

Executive Search
Take your business to a “hire” level: As an executive-search specialist, help busy clients find the right man–or woman–for the job. Your job involves placing ads and conducting interviews to screen potential employees for clients. Put on your best interviewing suit, and get down to business.

Freight Brokerage
One sack of flour for a dozen eggs . . . Gone are the days of such no-frills, local trade. In their place: a sophisticated global commerce system requiring a thorough knowledge of land, sea, air and rail shipping rates and regulations. Knowledgeable freight brokers are indispensable to this burgeoning scene.

Computer Consulting
Tap into a surging market as a computer consultant. Whether you’re an expert at Linux, putting together hardware components, or networking, a growing number of computer “newbies” will surely benefit from your services.

Limousine Service
With a limo and some insurance, you could be the driving force behind a new business venture. Stretch your market by adding more drivers and cars to your fleet. Then, once you’ve established a reliable reputation, start driving home your limousine-service sales.

Language Translation
Falling foreign-trade barriers and improved communication technology translate into success for language translators and interpreters. An ear for multiple languages puts you at the forefront of this global movement.

Office-Relocation Service
Helping businesses get plugged in to a new neighborhood comes easy for office-relocation-service entrepreneurs who, as “locals,” know who’s who in providing such services as printing, restaurant delivery and equipment repair.

Apartment-Prepping
Move in on the housing market with some basic plumbing, painting, caulking and scrubbing skills. Busy landlords and leasing offices can both benefit from your handyman skills, while you, in turn, make some handy profits repairing vacated units for clients’ new tenants.

Debt-Collection Service
Money makes the world go ’round: You get paid when your clients get paid by the people who you get to pay them. Sound complicated? It doesn’t have to be: As a debt collector, it pays in more ways than one to have some persistence in tracking down clients’ delinquent debtors.

Restaurant Delivery Service
When “Let’s do lunch” means eating at the office, an ordinary sack lunch doesn’t have to suffice. Thanks to restaurant deliverers, busy professionals can order their meals from local restaurants. By collecting a delivery charge and tip, operators get a good taste of entrepreneurial success.

Catering
a caterer’s place is in the kitchen . . . cooking up hot profits, that is. So long as your kitchen is commercially approved–and you’ve got a knack for stirring up some “dough”–you’ve got the makings for savory success. Service weddings, holiday parties, and other festive gatherings; if you’re lucky, clients will have your cake and eat it, too!

Seminar Promotion
If there’s one thing consumers can never seem to get enough of, it’s information. Give them an earful by planning and promoting informational seminars. You don’t need to be an expert yourself; just schedule the speakers, reserve a location, promote the event, and get ready to collect the profits at the door.

Professional Organizer
If you’ve got a knack for neatness, why not help the organizationally challenged? Messy closets, home offices and commercial offices alike could benefit from a more efficient setup. Put some order into others’ lives, and arrange yourself some pretty profits.

 

Have a blessed day,

Cynthia Mwangi

source :Young entrepreneurs,  Guen Sublette runs her writing-and-editing-services business from her home in Redondo Beach, California

pictures : Google