Posts

Showing posts from September, 2023

Why family businesses collapse or go bankrupt.

Image
I was chilling, reading up on an article where a popular retail chain with branches all over the country, was almost closing shop due to in-house wrangles by the family.  Another retail chain also found itself in the same predicament some time back so it got me thinking,  Why do family businesses  collapse  or  go broke? There are a number of different reasons that came up that I thought could be why family-owned businesses often find themselves collapsing an d going bankrupt.  Some of the most common causes include; Poor succession planning When a family business does not have a clear and well-defined succession plan, it can lead to conflict and confusion when the current owner retires or dies. This can lead to poor decision-making and a decline in the business's performance. Lack of professional management Family businesses often rely on family members to manage the business, even if they do not have the necessary skills or experience.  This can lead...

Precocious Profiteer

Image
  The first illegal business I remember that I took part in was back in Nursery School. You could be there wondering,  “Ndugu  kwani, you didn't go  to a play group?”  Yes, ours was a nursery school then next it's pre unit, then you would proceed to class one, I hear now things have changed, they are calling it play group or whatever. We used to take uji at 10AM on the dot as a snack, or diluted Quencher when and if parents paid school fees. Now, my mother, God bless her, had prepared for me chips. She packed for me a good sized portion  because she knew I had a massive appetite plus you know it was chips back then. She packed to eat with the juice because it was juice day. Those boys and girls in my class started feeling kíwaru (jealous) because I had on me something yummy and precious. On my side, I was there happy, on top of the world shumekiaring them. Shumekiaring is present continuous for shumekia. Shumekia is just that. It will not be of any benefi...

Simiyu 2

Image
 It was late in the evening. The sun has set couple of hours ago, and the sky was dark. You know it's  one of the nights the moon is afraid to show it's face, maybe it has glanced upon the future, and seen it can't bear to witness what is about to unravel. Simiyu's wife Lucy, is lying prostrate on the ground while Simiyu, her husband standing in front of her. Lucy is crying, you would to if you would be in her shoes, while Simiyu's face remains expressionless, devoid of emotion.  Let's rewind it  just a bit  so you can all connect the dots. Continued from Simiyu Part one Jioni ikafika, siku haikuwa na kasheshe ama ngori mingi. After kumalizia shughuli kadhaa, nikavutia Simiyu nijue anatokea saa ngapi ndio tuongee, nijue ni ngori gani ilinifanya anivutie at the break of dawn. Venye nilivutia Simiyu, nikimsho tupatane pahali kwa wazee tukunywe kikombe, perhaps ya supu.  Simiyu akanisho Zi, nivuke kwake, hapa sasa nikaanza kutense mambo haiko fiti.  Mimi ...