Certified Managers Bill: The recent publication of a Parliamentary Bill to establish the Institute of Certified Managers (ICM) has rekindled the longstanding debate on whether or not management is a profession. And if it is, does it warrant formation of both a professional body and an examinations board? For an…
For many decades, academicians have debated on whether or not self-confidence, among other factors, propels people to success at work and in life. The debates have boiled down to resembling the unresolved chicken-or-egg discussion on which came before the other. Despite differing information on what causes and affects one’s self-confidence,…
In one of his regular coronavirus press conferences, Health CS Mutahi Kagwe told Kenyans that “If we continue to behave normally, this disease will treat us abnormally.” This quotation has since become a mantra that people use in various platforms to warn others on real or imagined social challenges. Notwithstanding…
Employers, employees and the general public are today (June 6, 2020) eagerly waiting for the government to either loosen the current coronavirus-related restrictions or extend them for another period. Forward-looking employers must have put in place health and safety measures to ensure that returning employees would feel safe at work.…
Millennials have been identified as children who were born between the early 80s and mid-90s making the oldest ones 38 years of age this year. They have been described as Generation Y to distinguish them from their parents who belong to Generation X. When the millennials began landing at workplaces,…
The business description part of the business plan provides an overview of the proposed side hustle. It should cover information on the following sub-headings. Business Ownership Business Concept Business Location Form of Ownership Products or Services Industry Entry and Growth Strategy Business Ownership The focus questions for business ownership are:…
The fifth and last part of the Side Hustle Business Plan is the financial plan. This part covers information on the finance required to take the side hustle off the ground and how it will be obtained. Specifically, the plan will indicate the estimated pre-operational costs, working capital, start-up financial…
Following the walkthrough on the business start-up process, my next posts on shall be on how to prepare a Side Hustle Business Plan. A plan consists of decisions made in advance on a matter before it is undertaken. For example, if one intends to travel to Mombasa for holiday, he…
The side hustle launch may be broken down into the following two parts. Pre-launch preparations Launching day PRE-LAUNCH PREPARATIONS At least one month before the actual day of launching the side hustle, one should prepare a checklist of items to be put in place at the business premises. The same…
Business operation systems are standardised ways that an organisation uses to carry out its activities. Systems include processes, procedures and approaches for conducting business. Below are some of the areas in which one would develop and implement systems for running the side hustle business. Manufacturing Service Delivery Marketing Distribution Human…
