The Republic of Kenya, a country in East Africa, offers innumerable business opportunities to millions of entrepreneurs across the world. Tourism and agriculture are the two main sectors that contribute to the growth of the economy. Among the east African countries, Kenya is considered the center of all economic trade and financial transactions.
How to Avail Business Opportunities?
Procuring business opportunities is quite simple in a country which has an upcoming economy. The Kenyan tenders offer enormous business opportunities to both oversea and local entrepreneurs. There are many sectors in the economy which offer profitable business opportunities which include the service sector, construction sector, food and beverage sector and so forth.
Today there are multitudes of websites that provide free tenders in Kenya. Tenders can also be obtained through ads in trade journals and electronic print media. At present, there are many live tenders in the market relating to construction works, hospital equipments, food and beverages and so forth. Though popularly known as a service sector oriented economy, the Kenyan economy has opportunities galore to offer to both oversea and local entrepreneurs by bidding for the latest tenders.
Categories for Kenya Tenders 2011
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Some of the major tenders in Kenya 2011 include the following:
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Automotive parts
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Office and school supplies
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Services
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Dyes and chemicals
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Food and beverages
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Computer parts
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Furniture and fixtures
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Electronic products
Apart from the above, there are many other free global tenders floated in the country. Service tenders include provision of security services, legal services, air travel services, disposal of used tyres, tubes and batteries and so forth.
The computer tenders in Kenya also have much to offer to oversea entrepreneurs. Information related to these tenders can be easily obtained from a number of online websites. Although the country is service oriented, there has been considerable growth in the field of Information Technology which has further led to the escalation of the IT tenders floated in the economy.
There are more than thousands of live tenders in Kenya 2011, floated in many of the authentic websites for both oversea and local entrepreneurs. With business opportunities galore in engineering tenders Kenya is far ahead of many countries across the world.
In addition to the engineering and the IT field, there are many other prospective fields which offer profitable tender opportunities which include medicinal supplies and pharmaceuticals, food products and beverages of many types, maintenance, repair and installation, chemical products, products of automotive industries, plastic, rubber and other related products.
Bidding for tenders in Kenya 2011 requires prior knowledge of the legal aspects of the economy. Fulfilling the technical requirements is the first step to be fulfilled by the aspirant bidder. The next step includes obtaining the tender documents from the Procurement Office in Nairobi. Each document is obtained only after the payment of a specific amount of fee which is usually non-refundable.
Oversea entrepreneurs should comprehend the legal aspects of the bidding process which is entirely different from the other countries of the west. Entrepreneurs can ensure success in bidding by complying with the set of rules.
Minggu, 19 Juni 2011
Sabtu, 18 Juni 2011
5 Things To Consider When Joining A Franchise Business
So you've decided on joining a franchise business, instead of starting up your own business, or working for someone else? Well, before you go signing on the dotted line there are a few things you should carefully think about first. Here are 5 things to consider when joining a franchise business.
Firstly, will your chosen franchise business fit in with your lifestyle? Will your business be operated from home, on premises or on the road? What hours will your new venture require? Obviously the first few months/year will take considerably more of your time up. How important is your work/life balance? It's important you consider the effects it will have on your home life/family and relationships too.
Financing –
do you have sufficient funds to join the franchise and pay all the running costs you'll incur? Does the franchisor offer any financial help? You won't start making money right from the get go, and it may be more than a year or so before you start turning a profit. Therefore you need to make sure you have enough financial backing to cover all the costs of running your new franchise business.
Training and support –
Do you have the necessary business skills for the business? Will your new career require any specific qualifications or training? If so, does the franchisee offer this? If not, how long, and how much will it cost to undertake this? Some franchise businesses offer continued support and training, if they do not, then (depending on whether your business requires it) it will be down to you to gain the correct qualifications, legal requirements etc. You need to be prepared to keep up with any changes in business too.
Control –
how much control will you have over the direction of the franchise? You need to take into account restrictions that may be imposed, such as restrictions on goods and services, operation of the business, where you can/can't open up. Are you willing to comply with such terms? What happens if you breach agreements?
Length of contract/termination –
How long is the franchise agreement for? What happens at the end of your contract? Can you renew? What if you change your mind and want out? Will you lose all your investment? Can you sell your franchise business?
There are many things to consider when joining a franchise business. But if you have the money, abilities and desire to succeed, then at least you can confidently and happily put pen to paper, and sign on that dotted franchisee line!
Firstly, will your chosen franchise business fit in with your lifestyle? Will your business be operated from home, on premises or on the road? What hours will your new venture require? Obviously the first few months/year will take considerably more of your time up. How important is your work/life balance? It's important you consider the effects it will have on your home life/family and relationships too.
Financing –
do you have sufficient funds to join the franchise and pay all the running costs you'll incur? Does the franchisor offer any financial help? You won't start making money right from the get go, and it may be more than a year or so before you start turning a profit. Therefore you need to make sure you have enough financial backing to cover all the costs of running your new franchise business.
Training and support –
Do you have the necessary business skills for the business? Will your new career require any specific qualifications or training? If so, does the franchisee offer this? If not, how long, and how much will it cost to undertake this? Some franchise businesses offer continued support and training, if they do not, then (depending on whether your business requires it) it will be down to you to gain the correct qualifications, legal requirements etc. You need to be prepared to keep up with any changes in business too.
Control –
how much control will you have over the direction of the franchise? You need to take into account restrictions that may be imposed, such as restrictions on goods and services, operation of the business, where you can/can't open up. Are you willing to comply with such terms? What happens if you breach agreements?
Length of contract/termination –
How long is the franchise agreement for? What happens at the end of your contract? Can you renew? What if you change your mind and want out? Will you lose all your investment? Can you sell your franchise business?
There are many things to consider when joining a franchise business. But if you have the money, abilities and desire to succeed, then at least you can confidently and happily put pen to paper, and sign on that dotted franchisee line!
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