1/ WHY YOU SHOULD START A BUSINESS (PART 2)
Money or rather long-term wealth creation.
At 51, Nderitu knew he had made his financial mistakes. Lived a good life, great career but had not significantly saved much money.
A THREAD...
Money or rather long-term wealth creation.
At 51, Nderitu knew he had made his financial mistakes. Lived a good life, great career but had not significantly saved much money.
A THREAD...
2/ He was aware that money in business is not made overnight and there would be short term adjustments to his lifestyle. However, if he did not make this move, and retirement not looking far off, he would not be able to have any lifestyle to talk about.
3/ He mortgaged his house and got his property business off the ground. Though he has not yet reached his goals yet, he believes he is on the way to getting there and is happy
4/ just to be in a place where he is proactively doing something about it rather than waiting for a salary to be increased, financial windfall, and all the other excuses he had used over time.
5/ There is a need for people to start businesses.
The fact remains that there are more people looking for jobs than there are jobs being created. There are more people graduating from university than available jobs.
The fact remains that there are more people looking for jobs than there are jobs being created. There are more people graduating from university than available jobs.
6/ In the recent past we have had many companies retrenching; not everybody will find another job or want to get another job. Maureen was retrenched at 43 and simply vowed that she was not going to go through that again.
7/ It was not so much about the money but she felt like she did not want someone making those decisions for her at her current state in life.
8/ This equation (more job seekers, less jobs) is corrected by more people becoming entrepreneurs. You may also find you have time on your hands to do it or to experiment. Time can also play a motivating role.
9/ Students or those who have just graduated have time on their hands to do this. Kibet, a university student makes Kshs 10, 000 a month selling cakes in school. If you have lost a job, you may have time to try.
10/ You may also be a stay at home parent who is now ready to work. You will never know if you don’t try. The bigger regret will always be not the failures, not the challenges but the not trying. Remember there is only one way to start a business. Simply start.
11/ The above article was written by Waceke Nduati
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