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What has been your biggest challenge in business?
KenyanLyrics
#1 Posted : Friday, April 29, 2011 2:54:48 PM
Rank: Veteran

Joined: 4/16/2010
Posts: 906
Location: Nairobi
For those wazuans who've started businesses of their own, what has been your biggest obstacle to success? Mind has been getting people to take the business seriously. I don't know whether Kenya has self esteem issues as a country, but it seems like its so hard for Kenyans to appreciate fellow Kenyans endeavours. What has been your biggest obstacle?
KenyanLyrics
#2 Posted : Friday, April 29, 2011 3:19:34 PM
Rank: Veteran

Joined: 4/16/2010
Posts: 906
Location: Nairobi
I also forgot middlemen. They are very deeply entrenched in advertising business and can take up to 50% cut on your returns
JkMwatha
#3 Posted : Sunday, May 01, 2011 1:07:12 PM
Rank: Veteran

Joined: 9/11/2007
Posts: 816
Cash Flow.

Out of cash... Out of business.

Cash. Not profit.

... to pay bills or loans.
Dod
#4 Posted : Sunday, May 01, 2011 1:21:00 PM
Rank: Member

Joined: 10/4/2010
Posts: 223
Location: Afghanistan
JkMwatha wrote:
Cash Flow.

Out of cash... Out of business.

Cash. Not profit.

... to pay bills or loans.


Applause Applause
I totally agree.
Profit is good but CASH IS KING
Drive me crazy sometimes.
The rich have money working for them; the poor and the middle class are going to work for money.
KenyanLyrics
#5 Posted : Sunday, May 01, 2011 2:47:41 PM
Rank: Veteran

Joined: 4/16/2010
Posts: 906
Location: Nairobi
JkMwatha wrote:
Cash Flow.

Out of cash... Out of business.

Cash. Not profit.

... to pay bills or loans.

What made you run out of cash? Mistakes with inventory? Hiring? What?
QW25071985
#6 Posted : Sunday, May 01, 2011 5:41:56 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
My greatest bizz challenge is tryin not to be callin my secretary honie...Okay i must admit she pretty and fly put i HAVE A GIRL FRIEND ...lol.
there's one time thjat things really got outta hand but i had to be a man about it....Laughing out loudly Laughing out loudly Laughing out loudly
T10
#7 Posted : Sunday, May 01, 2011 6:17:45 PM
Rank: New-farer

Joined: 1/7/2011
Posts: 23
Location: oregon
Employees stealing and diverting customers.
kenmac
#8 Posted : Monday, May 02, 2011 10:47:06 AM
Rank: Elder

Joined: 5/26/2009
Posts: 1,793
>> competition getting out of hand...somebody thinks you are doing better than him and plays dirty
......Ecclesiastes
quicksand
#9 Posted : Monday, May 02, 2011 5:29:19 PM
Rank: Veteran

Joined: 7/5/2010
Posts: 2,061
Location: Nairobi
Potential customers really undervaluing your product. Ati ..si hiii ni CD tu? You get sucked into time consuming cultivation efforts, long meetings where the guy will want a system to manage something, say inventory, a backend heavy site, he/she can clearly see the benefits, then at some point they say ..can't pay more than 15K. Near last minute arm twisting that is really infuriating. Now I prefer people who have had previous experience with well integrated systems and know that stuff does not come cheap.
Luckily for me, these are side jobs. On rare occasions, you get to pocket a neat bundle of cash.
specky
#10 Posted : Tuesday, May 03, 2011 4:55:14 PM
Rank: Member

Joined: 4/28/2011
Posts: 213
Tribalisim is also a challenge........through experience,i had a shop and they could not buy from me coz i could speak their language,and u imagine in this era.
i will also say business divertion........lets say u have a grocery shop and u are employed on full time basis the person u have employed brings in their stock and that is what they will sell in the course of the day......so when u come jioni ur stock is still there and they say.............maze boss leo kumekauka!!!
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