Tag: copy

Starting a business? Do not copy others

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For a long time, economists have opined that small businesses are the lifeline of the economy. Players in the financial sector have been pushed by the government to offer them financial inclusion so that they can grow and buttress the economy in a stronger way. Yet this has not become a reality. The “Hustlers”, informal traders, have remained far outside the financial realm, many with few options on how the can grow. After overseeing Equity bank’s growth, with a large customer base of small businesses, CEO James Mwangi (pictured)  today speaks on what the mama mboga, or the Gikomba trader can do to attract capital and generally grow his or her business.

If you were to give advice to small traders today, what would you tell them to do to grow their business?

The biggest advice I would give first, best practices: you must have the best practices in business

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‘Carbon copy’ of Ahuriri business hub to be piloted in Hastings

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The Hastings District Council has voted to use money from its Covid-19 Recovery Contingency Fund to fund a pilot “carbon copy” of Ahuriri’s Hawke’s Bay Business Hub.

The initiative had councillors divided at the operations and monitoring committee meeting on Thursday but ultimately recommendations were passed to pilot a hub in Hastings.

The hub will initially operate out of the Tribune Precinct in Queen St East then could move to the corner of Karamu Rd and Queen St. It will be piloted from October until June 2021.

The council will fund $70,000 of the total $90,000 cost from the $1 million Covid-19 Recovery Contingency Fund and the remainder from the Economic Development Fund.

The Hawke’s Bay Regional Council, Napier City Council and Hastings District Council contribute $100,000 funding annually to Business Hawke’s Bay, which operates a hub in Ahuriri.

Hawke’s Bay Business Hub is home to more than 16 business

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