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Manage your Business Financial Health

Manage your Business Financial Health

On 4th May 2019 Mpower Limited held a financial talk by George Wanyonyi  and Priya Chana of Equity Bank. They provided valuable insights on how to manage and access finance/money. They provided insights on Planning, Forecasting, Budgeting, Costing, Borrowing/Leveraging, Insure, Tax, Credit Rating, Negotiating and choosing the correct financial solution. Money Money is a core asset for any business to operate, after all, CASH IS KING. On advancing cash, they provided insight that the financier considers; Ability to Pay Integrity…

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CONTRACT: CONTRACTS ARE NECESSARY FOR SMALL BUSINESS

CONTRACT: CONTRACTS ARE NECESSARY FOR SMALL BUSINESS

Watching America’s Court, People’s court and Judge Judy on TV the majority of claims are lost because there was no CONTRACT. Further, the Contract did not have all the terms intended. Even between friends and family members every exchange of money or obligations is reduced to some sort of a contract. Local business especially SME’s do not seem to understand that importance of CONTRACT in their business. Many businesses are based on oral agreement or contracts by conduct (performance). Terms…

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BUY LOCAL; BUILD LOCAL BUSINESS

BUY LOCAL; BUILD LOCAL BUSINESS

I have a lot of pride wearing local made clothes. I love eating local produced foods. I love LOCAL and ORGANIC. It may be costlier but it means a fellow Kenyan is earning a living. Am  happy to pay more.Local business and SME should know that many people are willing and eager to support them.   SME and Local business get it wrong in thinking that  because they are a small business QUALITY does not matter. Customers are very discerning…

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OPPORTUNITY-KENYA’S BIG FOUR AGENDA AND YOUR BUSINESS?

OPPORTUNITY-KENYA’S BIG FOUR AGENDA AND YOUR BUSINESS?

President Uhuru of Kenya in his second term in office has a plan for Kenya for the next five years. His plan is to focus on 4 deliverables commonly referred to as BIG FOUR. MANUFACTURING AFFORDABLE HOUSING FOOD SECURITY AFFORDABLE HEALTH CARE This will be the priority spending areas for the government for the next five years. It is expected that the government will have incentives to attract realisation of the BIG FOUR. WHAT DOES THIS MEAN FOR A BUSINESS…

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MPOWER HIGH TEA-CELEBRATING WOMEN IN BUSINESS

MPOWER HIGH TEA-CELEBRATING WOMEN IN BUSINESS

To commemorate International Women’s Day, Mpower Limited together with Gulf African Bank shall have a  High Tea event on 10th March from 3pm at Ibis Cafe, Alliance Francaise Nyali. Price is Kshs. 1000 per person. Gulf African Bank is a commercial bank that supports business people. They have special award winning products for women in business; Gulf Annissaa (http://www.gulfannisaa.co.ke/). This event will have a panel discussion by 10 women in business who have made success of their business. In line with…

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BUSINESS: HELP MY BUSINESS IS FAILING. HOW DID I GET HERE? WHAT DO I DO?

BUSINESS: HELP MY BUSINESS IS FAILING. HOW DID I GET HERE? WHAT DO I DO?

The journey of a business person is like a roller coaster ride on steroids. Many people say entrepreneurs are a special group of crazy people because they stick to something and expose themselves to risks and don’t give up despite the odds. Every entrepreneur will tell you their low points when they asked themselves; Is this business really worth it? Can I survive this? What if I just leave this madness? The low point of entrepreneurs can come; When setting…

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COMMUNICATION: HOW TO GET YOUR TEAM AND CUSTOMERS FULFILLING YOUR GOALS

COMMUNICATION: HOW TO GET YOUR TEAM AND CUSTOMERS FULFILLING YOUR GOALS

As a business person, I cannot run my business alone. I need some people on my team to help complete tasks to achieve our goal and vision. I need to communicate with my team to ensure that they are on the same page as me and we are all pulling together. Communication needs to end in an action. I also need to communicate with my customer to ensure that I fulfil their needs for my business to make profit. Lack…

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KNOW YOUR TAXES:Taxation and the Basics.

KNOW YOUR TAXES:Taxation and the Basics.

  Preparation is key to achieving success and this is no less true when tax matters are concerned. We discuss below the fundamentals to consider when preparing for tax season this year.  Why manage your taxes? How you manage your taxes can either make or break your business. It is critical to ensure that you prioritize tax matters in your business because a battle with Kenya Revenue Authority (KRA) over unpaid taxes is never a pleasant one. Most business operations…

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MARKETING- HOW TO GET MORE CUSTOMERS FROM YOUR BUSINESS LISTING ON MPOWER DIRECTORY

MARKETING- HOW TO GET MORE CUSTOMERS FROM YOUR BUSINESS LISTING ON MPOWER DIRECTORY

Mpower Directory www.mpowerdirectory.com is an online platform which lists local business, start-ups and small business. Many of these business may not have a physical premises or budget for marketing and promotion. This platform is also suitable for any business that would like to increase their online visibility. Our motto is GET LISTED GET FOUND. Mpower Limited the founder of the Mpower Directory promotes the directory which in turn promotes the listed business.   Mpower Limited from 2013 provides capacity building,…

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MPOWER HIGH TEA

MPOWER HIGH TEA

An afternoon of glamour and Networking by small business, start ups and local business owners who are members of   Mpower Women Network and Mpower Entrepreneurs Network to                                                                         Know each other                            …

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