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Have you ever failed flat in business?
alma1
#41 Posted : Thursday, September 15, 2016 10:19:49 AM
Rank: Elder

Joined: 9/19/2015
Posts: 2,871
Location: hapo
Nabwire wrote:
webish wrote:
Nabwire wrote:
Wow Hamburglar, impressive!! You lost 9 mil and still came back for round two? I am in the same exact situation, though I havent lost a significant amount of money. I came with big dreams, started a business, lost fumes from all the conmen, opportunists, hustlers, straight out thieves, friends who "borrow" money etc. Add to that KRA and Kanjo who have been an absolute nightmare, I am packing my bags and headed back to Trump land. Only difference is I never plan on doing biashara in Kenya again, but I am amazed that you saved and came back for round two.


Too soon?



I know one should never say never but I just dont see myself dealing with this madness. As much as we like to pretend, most Kenyans in Kenya are inherently dishonest people!! People want to buy on credit but when its time for paying... Then the institutions are deeply flawed, if you are honest, you end up looking like a fool, here everything is done ninja style, corruption galore and if you dont play in that mafia style game, you end up frustrated. Wacha nikuwe nakuja kutembea, heri nikae na shida za Trump.


Sad but very true. The post below yours says its being "streetwise". I call it corrupt.

Was going back to. Then I decided that before taking any jobs from Kenyans

1. They have to be referred. If not I'm not interested
2. They pay upfront. Kama hautaki nenda there are other service providers out there.
3. I don't pay hongo....Kama hautaki, kaa.

These people as Impunity calls them are nuts. You have to develop your own ecosystem if you want to survive here. And that should include avoiding these people as much as you can.

Tembea Tanzania, Rwanda and Uganda before you go back.
Thieves are not good people. Tumeelewana?

mwania
#42 Posted : Thursday, September 15, 2016 10:38:54 AM
Rank: Member

Joined: 10/29/2007
Posts: 76
Alma1, you are absolutely correct, being 'street wise' is another word for serious corruption. I really detest it. However, that is the way it is in Kenya. And it is encouraged by those in charge of enforcement of laws. In fact, if you follow the laws, you will suffer and the business is likely to go down. I will give you an example, if you import equipment from China and ship it through the Eldoret route via the Somali - 'Pay by weight' system where goods are collected in Eastleigh, you will not pay any additional taxes/ import duty which can sometimes be 30% of the value. On the other hand, if you import the same item and declare its real value via IDF, you will pay import duty (taxes). If the item cost Kshs. 100,000 in China and you pay Kshs. 3,000 up to Eastleigh, its total cost will be Kshs. 103,000. If you import it through the normal IDF declaration route, you might end up paying Kshs. 130,000 excluding courier charges. Now if the profit margin is 10%, the first option will be sold at approximately Kshs. 113,300 whereas the second option will be at Kshs. 143,000 (Excluding VAT). Now, how do you compete in such a scenario? ANd the tax evasion is known by KRA and other Government officials (it was exposed by Jicho Pevu http://www.standardmedia...-to-help-them-evade-tax) and also https://www.youtube.com/watch?v=IZRr39WOqzA
Nabwire
#43 Posted : Thursday, September 15, 2016 11:19:18 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Alma I have come to the conclusion that I will always be a foreigner in my own country, and Im OK with that. I used to be the home-is-best type of Diasporan who always defended Kenyans ( Africans) but lo and behold, kusema ukweli Mwafrika ako na shida kubwa staring with self! I used to blame politicians but have come to realize, politician is just reaping from the inherent nature of the African to be greedy, small minded, non-development oriented, petty, the list is endless. Take the example of being a small business owner in the US, when you first start out you are encouraged to start from your garage, akina Steve Jobs started from garages then gradually built their empires. Try that in Kenya!! The pettiness that is Kanjo will ensure that they completely frustrate your efforts even when they see that the business will positively impact society. Their small mindedness is only concerned about how they wont be able to "eat" if you dont have a conventional business premise. We are led by complete morons, all the way from Kanjo mpaka hio kiti kubwa. I got fed up when I was considered naive because I did not see why I should pay a bribe so my daughter can join 1st grade. Hii corruption ka street smart nimewawachia. I realized that its super hard for someone who has lived abroad for a long time to not only fit in, but to run biashara. On the other hand, a hustler from Nairobi would fit in very easily abroad coz the systems work. That said can someone please guide me on how to shut down a business and deactivate KRA's PIN? Im really hoping that saying hey, I no longer want to do business, here are your tools back wont necessitate a bribe!! Najihurumia kuwa mKenya. On UG, Rwanda, I think saa hii Im too mentally stifled to start learning a new countries culture, wacha nikue tourist.
RichVee
#44 Posted : Thursday, September 15, 2016 12:24:07 PM
Rank: Member

Joined: 1/26/2010
Posts: 124
Ai! Are we saying that it is impossible to do clean business in Kenya and succeed? Are we saying that all successful companies are corrupt?

It is difficult to do business in Kenya for sure, but there are some folks doing clean biz and succeeding. The purpose of this thread was to encourage those of us in the race that have fallen...so that we pick ourselves up, dust off and rise again!
Personally I have not given up and i am 100% corruption averse.
It is possible.
Tired of mediocrity. Am going to the very top!
Intelligentsia
#45 Posted : Thursday, September 15, 2016 1:00:45 PM
Rank: Elder

Joined: 10/1/2009
Posts: 2,436
Nice following these real-life stories.
Biy to be successful in business do you learn from others' mistakes or from others' successes?
Methinks thread needs to capture successful entrepreneurial stories as well - so that we learn frm both, otherwise just stories of failures will generate lots of negative stories as we have already seen above.

My 2 cents

wukan
#46 Posted : Thursday, September 15, 2016 1:08:44 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,657
You can do clean business but the mortality rate is very high. In order to break even you have to under-declare taxes, take your landlord through hell including getting a court injunction or taking them to the rent tribunal, dodge kanjo guys. My story will be too long to tell but I'm still running from KRA. Doing biashara in Kenya makes you feel like a criminal any day some govt agency will arrive at your doorstep to squeeze you or place some hurdle. The worst is kanjo, damn those guys are bad news(anyone hauled before the city courts knows this). KRA has improved in customer care but still
RichVee
#47 Posted : Thursday, September 15, 2016 1:26:57 PM
Rank: Member

Joined: 1/26/2010
Posts: 124
Intelligentsia wrote:
Nice following these real-life stories.
Biy to be successful in business do you learn from others' mistakes or from others' successes?
Methinks thread needs to capture successful entrepreneurial stories as well - so that we learn frm both, otherwise just stories of failures will generate lots of negative stories as we have already seen above.

My 2 cents



@Intelligentsia, true.
The good stories of success are everywhere, the story that is never told is the one of failure...perhaps there would be more successes, if those trying would try just one more time...

"I have not failed. I've just found 10,000 ways that won't work" - Thomas Edison
Tired of mediocrity. Am going to the very top!
sitaki.kujulikana
#48 Posted : Thursday, September 15, 2016 1:43:10 PM
Rank: Veteran

Joined: 8/25/2012
Posts: 1,826
Intelligentsia wrote:
Nice following these real-life stories.
Biy to be successful in business do you learn from others' mistakes or from others' successes?
Methinks thread needs to capture successful entrepreneurial stories as well - so that we learn frm both, otherwise just stories of failures will generate lots of negative stories as we have already seen above.

My 2 cents



'better to go to the house of mourning, than to go to the house of feasting: for that is the end of all men; and the living will lay it to his heart.'
alma1
#49 Posted : Thursday, September 15, 2016 1:45:49 PM
Rank: Elder

Joined: 9/19/2015
Posts: 2,871
Location: hapo
Nabwire I hear you.

The turnover rate of my friends who came back is 99%. I'm the only one who's stayed. The rest, just got tired of the nonsense in this country.

Why is it that its easier for me to borrow in a bank in a country that calls me a nigger but entering a banking hall in my own country, I have to leave my children's names and numbers at the door?

Incredible taxation from central and local gov't. Not taxes that you pay but what they come up with when they visit your office.

Employees who think that their work is to sit down on their computers and comment upus on wazua. I was once told that my hiring skills were bad, so I decided to hire in India. No problems there at all.

I'll speak about my industry which shall remain nameless.

Most of the companies offering these services are just plain charlatans. I was once hounded for weeks ati because I was to give someone sijui 30% for a contract. Kubaff...I had not even sought the contract, they had sought me. I told them to go to hell.....on foot.

I have been asked for proposals....Another con game. You send your proposal, they tell their buddy what to quote on theirs. So I don't send proposals anymore.

I have been given a contract then it suddenly changes on pay date. For those ones I just walk out the door. I still have some guy trolling me on FB because of that. He couldn't believe someone could walk away from such a sum.

I don't believe there are good stories on entreprenuership in Kenya simply because the system is not made that way. The system is simple.

1. You bribe a journalist with 10k to write about how rich you are
2. You get calls from gate keepers who ask you for a bribe to meet the guy
3. The guy agrees, you then have to bribe them to get the contract signed
4. Then you have to bribe them to get your payment processed
5. Then you have to take them out to celebrate.

This is upus. Especially in my industry where it would be cheaper just to spam you and get it over with.

That is why a lot of Kenyans would rather get paid a paycheck than go forward with a business idea. See the story of Able wire. Super idea that can change Africa and the world, yet he's expected to bribe his way into super stardom

Pole sana Nabwire. I understand.

As for the topic OP, yes I've fallen flat. Couldn't even pay my rent. Food shida...

I'm only breathing when I realised that Kenya sio mama ao baba yangu...Looked outside the borders and somehow, others value effort. Hapa ni ukora tu.
Thieves are not good people. Tumeelewana?

RichVee
#50 Posted : Thursday, September 15, 2016 2:02:57 PM
Rank: Member

Joined: 1/26/2010
Posts: 124
Laughter has always been the best medicine for me. I think the ability to laugh even in the midst of a cold sweat is priceless.

Once i was in some foreign country with my family. We decided to go visit some spot out of town. We delayed our return and it was getting dark. We suddenly realized we were lost, no GPS. So there I am, co-driver, i am supposed to read a map and give guidance on which way to follow. Then I burst out laughing and couldn't stop laughing.

It always happens to me. But in the process my body releases some happy hormones (endorphins). Then i am able to pick myself up and focus and carry on.
Yes, we finally got home though everyone was pissed at my laughing in the midst of a crisis.

It is good to laugh at yourself
Tired of mediocrity. Am going to the very top!
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