How to Finance a Start-Up Business: Choosing the Right Funding

By Patrick Juma

Every entrepreneur I have talked to has said that finding finance to start up their business was/is the biggest challenge they have had to overcome to make their dream of owning their own business a reality. Start up finance for a business is difficult to come by - more so for the youth and women who generally are not taken seriously by financial institutions.

Most entrepreneurs in the past have thus either used their own savings or borrowed from family members.

Read more: http://www.yipekenya.org/How to Finance a Start-Up Business Choosing the RightFunding.htm

Hire-Purchase Agreement Template

AN AGREEMENT made at .................. on this ........ day of ................ ,201_, between ........................... resident of ................ (hereinafter called "the owner") and .............. resident of ..................... (hereinafter referred to as "the hirer"). 

Access the fullhire-purchase agreement template

Factoring: an alternative way to finance your business

Factoring is a way to raise additional working capital quickly in order to fulfil orders from your customers. 

Commonly businesses have to extend credit to their customers which in turn become accounts receivable in their cash flow. Factoring bridges this credit gap by enabling a business to get a percentage of their accounts receivable instead of having to wait the 30, 60 or 90 days indicated on their invoice.
 
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Do's and Dont's of Bookkeeping for a Small Business

If you have a small business it is always a good idea to track your finances. Failure to do this is a recipe for a total failure. Since bookkeeping is such an important part of every business here's a few dos and don'ts that you can follow in your bookkeeping practices.

Read the do’s and dont’s of bookkeeping for your small business

JITIHADA II Business Plan Competition

The Kenya Institute of Management (KIM), in collaboration with the Jomo Kenyatta University of Agriculture and Technology (JKUAT) and TechnoServe (K) are inviting entrepreneurs in the Micro, Small and Medium Enterprise (MSME) sector in Kenya to apply for participation in JITIHADA II.

JITIHADA is the brand name Kenya’s National Business Plan Competition, which was launched in 2009. It is a subcomponent of the Micro, Small and Medium Enterprises (MSME) Competitiveness Project, a World Bank funded initiative under the Ministry of Industrialization.

The primary objective of the project is to increase productivity and employment in the MSME sector in Kenya. The Second Phase of Jitihada (JITIHADA II) is running from upto June 2012. JITIHADA II lays emphasis on value addition in the MSME.

Read more http://www.yipekenya.org/JITIHADA II Business Plan Competition.htm

5 Ways to control Money for a Small Business

Cash flow management is every entrepreneur’s nightmare. Even for the financially astute, it is one of the toughest challenges every small business owner faces. Most have gone through the school of hard knocks and experienced cash flow crunches.

A small business that fails to manage its cash flow well, places its long term success and continuance in grave, grave danger.

Find out the 5 ways to control your cash