A woman setting up her new business. [Photo/nairobikenya.wordpress.com]
Garissa is a very big city. It is fast growing with various development activities.
This has created vast opportunities for youths and new business owners to set up businesses.
Garissa youths are using the opportunities presented to them in setting up new businesses and extending those they had already started.
However, their businesses are suffering some setback due to various factors.
Here are simple tips to help them sustain their businesses:Know your credit scoreMany youths are running businesses but they rarely check their credit score.
This is what their business future depends on.
For this reason, youths need to know their credit score and what they can do to improve it.
Youths should understand that their credit score gives them a good view of what their business will be in future.
Your credit score helps you plan for the future.Go for loansRunning a business can be hard sometimes.
However, youths are never informed of the vast range of loans they are entitled to that can help them maintain and even upgrade their business venture.
Taking a loan is the best way to keep your business going.
Check around Garissa town for loans with low-interest rates that will help you expand your businesses. Hire helpersA successful business is that which has several people helping each other.
If you want to be a successful business person in Garissa, you will need to hire people who will help you in running and managing the business.
Being alone in your business is sometimes tiresome.
More so, you might not know what is bringing setbacks in your business without a second person coming in.Avoid reckless spendingYouths in Garissa are known for their reckless spending on unnecessary things.
As an entrepreneur, you need to plan for anything you spend on.
This will help you save your money for your business and other necessary things in your life.
However, it should be understood that spending for personal pleasure should never be cut off, but planned for. Form networksA good business is that which has a lot of networks.
Forming networks in the business world helps you as a youth to learn and copy good tips from other successful business partners.
Networks are good in that some can even offer you loans for your business.
They could even advice you on what is killing your business or what you should do to keep your business going. Is there a newsworthy accident, incident or event happening in Garissa County that you want Hivisasa to cover? Tell us what is happening by Joining this group, and have it published.* https://chat.whatsapp.com/59kghxroduBDqGcr6GgrUC