How to Survive The First Year in Business | Successful Business Ideas

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  • Published on:  Friday, July 1, 2022
  • Welcome to my channel today as we discuss an exciting topic on business ownership.

    It is unfortunate that 7 out of 10 Kenyan businesses fail within a year according to statistics. According to the Kenya National Bureau of Statistics (KNBS), only 10 percent of SMEs are able to stay afloat after ten years of their start.

    It is true that the first two years in business are the hardest, especially for someone who is new to running a business, and has no experience managing staff or dealing with accounting or bookkeeping.

    Watch this video for tips on how to survive the first year in business.

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