How Cashier Built Multi-Million Company

Would you quit your current job with a good monthly pay to venture into self-employment?

Transitioning from employee to entrepreneur is as exciting as it is difficult. The decision to do so shouldn’t be taken lightly. Think about why you want to become a business owner. Do you have an entrepreneurial idea that you absolutely need to follow and see where it goes? Or, do you hate your job and need a change?

Caroline Kasyoka detailed her journey to building Imarisha Mabati, a roof manufacturing company, from scratch years after quitting her job. Speaking on Citizen TV’s “Mwanamke Bomba “ Show, Kasyoka intimated that she quit her job as a cashier in one of the leading commercial banks to delve into the murky waters of business.

After handling other people’s money for years, she decided to make her own. While she did not know where to start, she had a dream; to be like a father who ran a successful business.

“At first, I decided to venture into the baking business. It picked up well and I loved the business but the profit margins were minimal,” she stated.

Kasyoka partnered with her friend and they jointly started a hardware shop. They specialized in selling construction materials.

She bought more machines and hired more staff to serve in several departments including manufacturing, production, and logistics. Despite owning the business, the 35-year-old shows up to work every day to ensure that the client’s needs are met. However, she noted that the business has its fair share of challenges.

“One of the major problems is the dollar shortage which forces us to pay more for raw materials. This increases the production and retail costs,” Kasyoka explained.

Her bold step earned her a place in the 2022 Top 40 Under 40 Women in Kenya shortlist.

Making the move from employee to entrepreneur

Going out on your own doesn’t mean you have to grow your startup alone. Your connections can help you with business in all kinds of ways.

Your network should include experts who can offer valuable advice, from financial consultants to industry veterans. And, prospective customers should be in your circle. Fostering these relationships leads to long-term customers and a steady inflow of referrals.

You can network with others online through forums and social media channels. Also, do some face-to-face networking at industry events and community organizations. There are never too many people in an entrepreneur’s network, especially for a new business owner. Always keep an eye out for new networking opportunities.

Also, Refine your idea with a business plan that acts as a roadmap for launching your business. A business plan details what you will offer, who your target customers will be, and how you will fund the company.

Your business plan can be anything from a simple outline to a formal document. Decide when you will open, where you will operate, and what inventory and equipment you need. Plan your marketing strategy and business budget.

As you go from earning a regular paycheck to owning a business, take the time to hash out essential details. Being a business owner is not for everyone. But with passion and a solid plan, you are on your way to being a successful entrepreneur.

STORY COURTESY OF: KENYANS.CO.KE

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