A STORY FOR START UP SMALL BUSINESS FOR KENYANS AND BEYOND 'HUSTLEMOTIVATION'
When I started doing business
about six years ago, I made the
mistake of over-relying on text book
knowledge. Subsequently my first
two businesses failed. I however
took that as a learning experience
and even started writing a book,
HUSTLECONOMICS, I mean,
something more relevant to the
streets. I had already mastered
accounting and finance in class, and
yet that was not even half way
enough.
Here is an extract of some of the
lessons learnt!
1. Being nice is a luxury that only
the rich can afford: This does not
mean that you should be rude, it
simply means that you should not
be nice to the extent that people
take advantage. It means you
should clearly state what you mean,
re-evaluate the situation if it is a
lose – win situation, and know when
to compromise when a win--win
situation is an option. In simpler
words, learn to say ‘NO’ when if by
saying ‘YES’ you will have lost.
2. Respect Money: People love
money and yet do not respect it.
How do you treat someone/
something you respect? Do you
waste, misuse, ignore or go throwing
it (or that Person) around? No, if
you want your money to stick around
longer, respect it. Money should give
you financial independence and not
stress. Eventually, it is those who
respect money that have money work
for them. Finance experts say, spend
less, save more, invest wisely and
give generously (in that order). And
as my dad always told me, neither a
lender, nor a borrower be!
A man and his friends, as one story
goes, went out to have a drink. His
wallet was so much packed with
notes that it was hard to fold. He
had one of his friends drive over the
wallet just to fold it. Once in the
pub, his table littered with bottles
and nyama choma delivered, he
could not wait for water to wash his
hands. He took a beer, washed his
hands with it, went to his wallet,
pulled a few notes and wiped his
hands to the disbelief of his friends.
That was a few years ago.
I wished this was a fable, but the
teller of the story pointed to me the
man in his current delapidated
condition. 'That is what happens
when you abuse(disrespect) money,'
he said.
3. Invest in people: People are the
most powerful of resources. Yes it is
true that as per human nature some
are bound to stab your back, but
there will be twice as many that if
you empower, will make you great.
It should also follow that if you bet
on someone and it does not work
out, be the first to kick them out.
4. Guard your reputation:
Reputation is like a big house of
cards, it takes time to build but just
one false move and it all comes
tumbling down. There was a
research conducted by some social
scientists called ‘In trust, we trust,’
and the conclusion will amaze you;
REPUTATION WILL BE THE CURRENCY
OF THE FUTURE. So guard your
reputation at all costs. Being bad,
greedy, corrupt, et al might work for
you in the short run, but definitely
not in the future.
5. Love one person, leave the rest:
This mostly applies to men, until
you realize that the time, the money
and the energy you waste on flings
is not worthy it, then you will
always be on the same rat race
path. Instead, make that one person
that deserves it be your partner and
friend, and there will be no limit as
to what you can achieve.
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