Entrepreneurship

Is Kenya Experiencing An Entrepreneurship Bubble? (Part 2), by JORAM MWINAMO

Entrepreneurship Bubble (Part 2)

 

 

(Part 1 - Is Kenya Experiencing An Entrepreneurship Bubble?)

 

Last week we looked at all the hype that has been created around entrepreneurship in Kenya, with cheerleaders ranging from banks and oil companies to president Barrack Obama himself. This article may be considered pouring water on the fire and spoiling the party. Is the opportunity as huge as it is being touted or is it a mirage? Let us analyse the opportunities.

Is Kenya Experiencing An Entrepreneurship Bubble? (Part 1), by JORAM MWINAMO

Bubble

 

Kenyans have a tendency to attack new opportunities in droves. First, it was the stock market IPOs. Then came pyramid schemes, then various multi-level marketing schemes, then came greenhouse farming (remember the tomatoes in your friends' car boot? or your boot?) , then the infamous and magical QUAILS . And now we have the unending land and property buying sprees, despite the fact that some of the property prices make no business or investment sense whatsoever. Some houses have their return on investment pegged on being enjoyed by grandchildren! But that is a story for another day.

Entrepreneurs: Be Brave & Let Go of That Big Unprofitable Client!, by JORAM MWINAMO

 

 

Be Brave
I have worked with many entrepreneurs for over 10 years now. And I have come to see a trend that many of us seem to believe grows our businesses while in actual fact, it may cause a lot more harm than good to our growing enterprises. I have occasionally fallen prey to this trend myself. That trend is that for some reason, many entrepreneurs strongly believe that killing yourself to have that big brand company as a client is good for growing a small business.