So you want to be self-employed?You can be so by starting a small #business of your own
Running your own business has several advantages.You are the #boss and free to work the way you want. It us your own work,so you control your own activities.
Running one's business provides a feeling of self-reliance and satisfaction.It is a source of joy to make money through one's own efforts.
Kenya is a #country that is full of business opportunities.These can be classified into three main #groups, namely: #industry,trade and direct services.
#Agriculture is our most important #industry.It is the mainstay of Kenya's economy.Opportunities in agriculture include crop production (food crops and cash crops), #horticulture, poultry keeping,dairy and livestock farming and fish farming.
The #manufacturing sector has many industries such as cloth-making ,food processing,pot-making and mat-making.
Service business are the easiest to set up because they need only a little #capital to start.After raising some money one can start #a barber shop or a hair salon,a telephone bureau, shoe - shinning,or offer computer services.A person intending to start a business must first identify #a business opportunity:which type of business will you choose?Think of a product or service that you can sell to other people.Think carefully where the business is to be situated.consider also the#consumers who will be willing to buy whatever you intend to provide.This is known as finding #a market for the product or service.
Of the various types of business units,small #sole proprietorships are the easiest to start with.These include business such as small hotels, #general shops,grocery shops,green grocery shops and kiosks.
You started with a really good idea:the type of business that you will enjoy running.That is only one of the steps.now consider some basic questions:Is the #market big enough?Do you have the qualities for that kind of business? Do you have some #experience and liking for the work involved?Do you have enough #funds to run it?Is the business likely to #succeed?Have you raised enough #capital?
#capital is the money which is used to start a business.It is needed to buy or rent a building,buy tools and equipment,buy fitting according to the type of business,etc. #capital nay be raised from the following sourcesersonal #savings, selling other properties, #borrowibg loans from relatives, friends, banks and co-operatives, donations and gifts from friends and relatives.
Finally, before a business can be allowed to operate,the owner is required to fulfil certain regulations by the law.The most important is the #trading license.This is issued by government authorities at district level.Before the licence is issued by government authorities at district level.Before the licence is issued, the public health inspector checks to ensure that the premises are #healthy and hygienic