Profitable Business ideas in Kenya

*WHAT IF I FAIL?* Well, what if you succeed? Why have you chosen to see this half-glass of water as ‘half-empty’ instead of ‘half-full’? The fear of failure is the most crippling reason why many of us will never start a business in our lifetime. We admire successful entrepreneurs as if they knew from the beginning that they would succeed. You should know that they had the same doubts like you do. They all feared for an uncertain future, an irregular income and total failure. What if you fail? What if your business idea doesn’t sell or work? While these are very important questions, you may never know the answers unless you try. In the world of entrepreneurship, success and failure live in the same house. If you’re afraid of failure, there’s a very thin chance that you will ever taste success. How do you win a boxing match if you’re afraid of entering the ring? Business is, and has always been, about taking risks. That’s why entrepreneurs are known as ‘risk takers’. There is always an e...

*3 FACTORS OF SUCCESS IN AGRIBUSINESS THAT NO ONE TELLS YOU ABOUT* New investors in agribusiness (I don’t really like calling them farmers) consider many important factors such climate, the soil type, crop variety, best seeds and the market before pumping in money to their projects. Unfortunately, they forget to think about a few, most important factors that determine the success or failure of these projects. You must consider the following before you put in your money in any farming project: *1. Scale – the size of your project* We love avoiding this topic but let’s face the facts: too small farming projects can never be profitable. You need a big enough farming venture to put you in a position from which you can negotiate for discounts on farm inputs, invest your time, mind and energy in a worthwhile manner and to be able to attract serious and well-paying buyers. I do not despise small-scale farmers but being one should only be a starting point. You won’t make much as a small-scale ...