BY NIKKI SUMMERS Most business owners have a goal to grow their companies consistently and sustainably. But with growth comes growing pains, and the bigger you get, the greater your challenges become. While it is important to stay focused on the opportunities and experiences that growth offers to your business and your employees, it’s also important to be prepared for any obstacles that might trip you up on your way to success.Here are some challenges you might encounter as your business grows, and some advice on how to tackle them. Managing more people – As your business grows, you’ll need…
Author: NBM CORRESPONDENT
BY FUAD ABDIRAHMAN The ‘influencer’ phenomenon in social media which was non-exiting just a few years back, is now a massive industry valued at $4.6b in 2018 according to. By 2020, Adweek, a trade publication predicts, it will be worth $10b. It may soon overtake the traditional advertisement in terms of revenue. Brands have realized the significance of influencers. They are now keen on incorporating influencer in their marketing departments and are even creating budget for them. Studies show that influencers are effective than the traditional advertisement with consumers having trust in them than they have in other traditional adds.…
By Victor Adar In this era of cutthroat competition, one of the ways to warming the hearts of potential buyers while making profits is finding solutions. Once you find what is missing and fix it, buyers will come in droves. Take a close look at smartphones; certain brands are usually sold out immediately they are launched. Online pre-orders of some well-known gadgets would run out in split seconds. For others, a product launch could even lead to more losses. What is that market phenomenal that is often ignored? Knowledge of a product you are planning to buy, or upgrade to…
By ET Online It looks like heads have finally begun to roll in the real sense in the IL&FS fraud case, the mammoth Rs 91,000-crore scam that caught India unawares a few months ago the after-affects of which are still being felt in many spheres. Serious audit irregularities in IL&FS accounts have prompted the Ministry of Corporate Affairs to set sleuths on the trail of Deloitte. Last week, the former CEO of Deloitte was put to a grilling question session by the Serious Fraud Investigation Office (SFIO) on the alleged misconducts and misdemeanors in the IL&FS case. The investigation is…
Kenya could achieve 100% electrification by 2022 in line with its National Electrification Strategy if the country adopts the option of solar mini-grids as a source for electricity connection, Kenya’s leading water and energy solutions company Davis & Shirtliff has said. It’s expected that solar mini-grids will play an important role in the pursuit of universal access to modern energy especially across rural Africa, particularly where grid extension is technically or financially improbable. ‘’Essentially, there are three ways of providing electricity to rural populations: grid extension; standalone solar systems, and mini-grids. The grid extension is by connecting communities to the…
Brainwave Communications limited, an integrated marketing and communications agency based in Nairobi, recently appointed Martin Dias as its new board chairman, a move that promises to turn around the relatively quiet agency. A company should look for good corporate leadership. The strong leadership at the top is an assurance that a smooth journey lies ahead. With immense experience in banking and finance, Mr Dias will address, guide and advice the executive leadership team on corporate business strategic plan, governance, financial advisory, new business development as well as business management. Mr Dias is also carving his own niche in real estate…
Luxury car dealer, Porsche Cayenne has unveiled three new models retailing from Sh10 million to 20 million in response to growing demand from companies to wealthy individuals. Price of the Porsche Cayenne V6 starts from $107,000 (Sh10.8m) while the Porsche Cayenne S retails from $115,479 (Sh11.7m), and the Porsche Cayenne Turbo from$178,275 (Sh18m) The launch took place in Nairobi in May. Some of the key specifications for Cayenne Turbo for example, include a V8 bi-turbo with electromechanical power steering as well as an optional rear-axle steering. It also boasts ten-piston aluminium monobloc fixed-calliper brakes at the front plus four-piston aluminium…
NIC Bank Kenya has signed a loan portfolio guarantee agreement with the African Guarantee Fund (AGF) for the benefit of small and medium sized enterprises (SMEs) in Kenya. The loan is to be used for the promotion and development of SMEs seeking trade financing in the country. The agreement which amounts to Sh516 million is meant to increase economic growth by improving access to finance for small businesses in the nation, which has reduced ever since the signing into law of the interest rate cap. The small enterprises employ about 80% of the working population and contribute 28% to the…
BY VICTOR ADAR Compulynx Limited, a systems integrator and software product company specializing in point of sale and complete ERP for retail as well as biometric and digital identity solutions is a great example of few brands shining. Started almost 25 years back by one Sailesh Savani, the firm is riding on a wide range of solutions targeted at enterprise, mid-sized as well as micro, small and medium-sized enterprises in retail, manufacturing, Banking Insurance and Financial Services (popular as BSFI), Government, non-Governmental organizations, education verticals, among others. “People are the most important link in our business. I have learnt to…
Mercer, a global consulting leader in advancing health, wealth and career recently met with thought leaders to have an open dialogue about capitalizing on the growth trajectory of emerging megacities in Africa. Mercer presented its findings at an exclusive event, which took place recently at Radisson Blu Upper Hill, Nairobi. Nairobi is one of the fastest growing cities in Africa with a high youth population that forms the majority of the workforce. Thus, it is important for companies and multinationals in mega cities like this to focus on ways to accelerate talent strategies while meeting the needs of workers. According…