Raising business finances through CROWDFUNDING What is crowdfunding? Crowdfunding is a method of raising capital through the joint effort of friends, family, customers, and individual investors. This approach taps into the collective efforts of a large pool of individuals “primarily online via social media and crowdfunding platforms” and leverages their networks for greater reach and...
Capital Gain Tax in Kenya What is Capital Gains Tax? Capital Gains Tax is a tax chargeable on the whole of a gain which accrues to a company or an individual on or after 1st January, 2015 on the transfer of property situated in Kenya, whether or not the property was acquired before 1st January,...
Developing a Business Advisory Board (BAB) What is a Business Advisory Board (BAB)? A Business Advisory Board is a group of local business and community leaders who are recruited by the owners of the business to serve as mentors. Key role of a Business Advisory Board (BAB) Providing guidance and mentorship Introducing the entrepreneur to...
Accelerating Company Growth through Mergers and Acquisition (M&A) What is merger and acquisition? Mergers and acquisitions (M&A) is basically consolidation of companies. Differentiating the two terms, Mergers is the combination of two companies to form one, while Acquisitions is one company taken over by the other. The reasoning behind M&A generally given is that two...
Creating a Winning Business Strategy Business strategy- What is it? What exactly is business strategy? In simple terms, a business strategy is an articulation of the overall direction of the business. Strategies that are identical to those of your competitors can result in the failure of your objectives. Business strategy can also be seen as...
The Joy and Excitement in Entrepreneurship What is entrepreneurship? Entrepreneurship is described as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit" The people who engage in the entrepreneurship process are called entrepreneurs. Reasons for engaging in entrepreneurship Control: Entrepreneurs...
Why a Business plan? What is a business plan? A business plan/business proposal is a document that presents an investment idea in writing. It gives a step-by-step outlay of the activities to be undertaken. It is a formal statement of business goals, reasons they are attainable, and plans for reaching them. It’s a tool for understanding how your...
The Power of Forensics Accounting What is Forensic Accounting? It's the specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation. “Forensic” means suitable for use in Court, and it is to that standard and potential outcome that forensic accountants generally have to work. Forensic accountants give expert...
The Secrets of Becoming a Great CEO Who is a CEO? A chief Executive Officer (CEO) is the highest-ranking executive in a company, and his/her primary responsibilities include making major corporate decisions, managing the overall operations and resources of a company, and acting as the main point of communication between the board of directors and corporate operations....
Job Sculpting: The Art of Retaining your Best Employees What is job sculpting? Job sculpting is the art of matching people to jobs that allow their deeply embedded life interests to be expressed. It is the art of forging a customized career path in order to increase the chance of retaining talented people. It is...