Starting Your Business In Kenya

Welcome to Fenesi guide to starting your very own business.

In this guide, I will help you with three core objectives;

Showcase the right reasons why you need to start a successful business
Guide you through the process of setting up a company, and
Give you action steps to take to deliver real results to kick off your entrepreneurship journey

I recommend you bookmark this page as it will take some time to work through it all.

I’d appreciate it if you click the Like, Tweet and Google+ buttons to share this guide with your friends and followers.

Okay, are you ready to get started? Good, let’s begin…

Step #1 – Getting Started

Before even thinking of starting a business, there are several things you need to consider. You need to know or find your purpose. Ask yourself, why do I want to start a business?

Entrepreneurs journey all begins with an idea. You need to have an idea first before starting a business. In most cases, it is ideal for your business idea to be related to your passion. Your idea should look at a problem, provide a solution and find a market. Here are some of the articles that can help you with business ideas;

4 Common Business Ideas Mistakes To Erase

Step #2: Getting Registered

There are many different business entity to choose from based on how you want to start your business. Here are some of the business structures you can setup;

I) Sole Proprietorship

Usually most business start with a single person. Start as a sole proprietor is cheaper and easier to set up. This legal structure for a business gives more control to the entrepreneur over decision making in all different parts of the business.

It can be upgraded at any-time to Limited company once registered. Here are some few articles that I think can help you understand more about Sole Proprietorship.

II) Partnership

A partnership business is usually cheaper to setup and more easier for a group of people thinking of starting a business. You need to have a minimum of 2 people and a maximum of 20 people to form a Partnership Business in Kenya.

To help you get more insight on Partnership, I have written some articles that can guide you in registering your Partnership Business.

III) Limited Company

Limited Company is by far the best business legal structure to operate with when running any business. The reason is because the liabilities are limited to the business assets and you can enjoy some tax benefits that sole proprietor business don’t.

You need to have a minimum of 1 director and up-to a maximum of 7 directors, however you can add more shareholders in the company. I have prepared some articles that will help you register your limited company in Kenya.