Victoria Musyoki is the founder and CEO of Kiddie World, an adventurous firm that targets kids and younger adults.
Secret to my enterprise success: We care for our prospects and our staff and so they care for making income. We deal with giving every buyer the ‘WOW’ expertise and once we do this, they offer us references. My backside line is to genuinely remodel the idea of enjoyable for kids in Kenya.
Ditch the reasons and don’t get snug. Most of us are brief on ears and lengthy on mouth. When a buyer calls, I hearken to what they’re saying and what they don’t seem to be saying. This permits me to really perceive their wants and suggest an answer that they didn’t even know they wanted.
My saving methodology: I had defaulted to financial institution steadiness accounting for the primary virtually 3 years in my enterprise. I’d take a look at my financial institution steadiness and see a bit of change. Yippee! I’d really feel nice for about 10 minutes, after which determine to pay all of the payments that had been piling up. Then final 12 months it dawned on me that one thing wants to alter, I couldn’t maintain residing from verify to verify; panic to panic! I redefined the accounting method from Gross sales – Bills = Revenue to Gross sales – Revenue = Bills…. I’m now constructing a brand new behavior of at all times taking out the revenue first, a share of which is saved in a non-temptation account, then I let it sit for a predetermined period of time. I’m additionally training doing my allocations and payables twice a month. I simply needed to cease the by-the-seat-of-your-pants money administration.
If I might return in time: Each expertise that I’ve been via has led me up to now. Truthfully, I’d not change a factor. By way of the failures and the wins, I used to be in a position to provide you with a guide that my whole workforce follows now, construct relationships with prospects who assist us enhance, and we now know what our strengths are and might maximize on them. I’m now extra centered, am not in every single place, I do know what works and what doesn’t, and am able to scale and develop the enterprise.
Largest cash mistake: I’d not name it a mistake. Even the ‘errors’ I’ve made in enterprise and in life are simply experiences and I’ve seen God flip each considered one of them for my good. After I was beginning out, I spent Sh. 1,180,000 (which was my whole financial savings plus a mortgage) on play tools simply because I had seen another person with them and so they gave the impression to be making some huge cash. I didn’t have my very own house, and had no concept how pricey it will be to set it up and keep it. I learnt to at all times take my time and ask myself WHY earlier than making selections. I purchased the set of play tools as a result of I had seen another person getting cash from it… that ought to by no means be a cause to spend your life financial savings on. I used to be centered on being larger however I’ve learnt to attempt to be higher.
How I received get the place I’m: I kick my very own a**. I graduated from JKUAT in 2008 with a BSc. Laptop Know-how. Acquired a job at Techno Mind a 12 months later the place I labored for 4 years. I used to be profitable on the work place however I lacked satisfaction in that discipline. I desired to be in a discipline the place I might depart an impression. I spotted that I wished to pursue entrepreneurship and began spending a whole lot of time in solitude. I’d go for quiet retreats, tune out all of the noise and distractions, and once I tuned into the proper frequency, I began getting readability into how I’d do it. For me, it was about leaving a legacy, touching lives and residing a significant life. In April, 2015, I stop employment to start out Kiddie World. It wasn’t a simple transition. I learn a few entrepreneurship books that helped me change my mindset, I took a bit of paper, wrote my thoughts plan and instantly took motion. I additionally attended a boot camp which helped me put together mentally for the highway forward. Within the meantime, I used to be promoting kienyeji hen, dry cereals, boiled githeri and beans. This offered revenue for me earlier than I might totally get into children leisure. In Jan 2016, I received my first set of apparatus and over a 12 months later, in April 2017, Kiddie World opened its doorways to the general public at Capital Centre shopping center.
How do you unwind: Aside from working Kiddie World, I’m additionally a biker and the co-founder of the all-female bikers membership, Throttle Queens. After I want some alone time to replicate, refresh and reconnect, I hop on my motorcycle and I simply journey! I discover using therapeutic. It additionally not solely brings out the adventurous a part of me, however we receives a commission to do what we love and luxuriate in too.
Entrepreneurship versus employment: Being an entrepreneur isn’t for everybody, being an worker isn’t both. There are execs and cons for every. In my view, none is best than the opposite; there’s solely the trail which is finest fitted to you. In case you are a threat taker, aggressive and discover a ardour in enterprise, begin your personal firm. When you prefer to play it protected and scale back stress in your life, then employment could also be the best choice.
My final parting shot: Pay your self first. Reside inside your means. Make cash be just right for you. I’m additionally a believer in therapeutic the nation one household at a time. A wholesome household results in assured, sort, compassionate, self-disciplined and accountable children. These kids are our future leaders and if we get it proper on the household unit, they’ll deliver us the transformation we’d like.
This characteristic was first printed within the Saturday Magazine.
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