Warren Buffett said if you do not find ways to make money as you sleep you will be working till you die. Generation Z is embracing financial literacy and adopting new ways of creating not only income but building wealth through different investments and technology that continues to pop up.
The rise of NFT and cryptocurrency has been embraced more broadly and some have built wealth in such avenues.
It is said to have three hobbies, one that adds value and knowledge to you, one that makes you fit and one that makes you money.
Business is a side hustle that most young people have embraced besides their 8 – 5 while others have decided to solely focus on their business since it makes more income for them.
In Kenya, business opportunities have been made easier, especially since the pandemic when most people had to make their business online and others had to come up with online businesses to reach customers.
With as little as Ksh 10,000 or less, you can start your own business as a Kenyan.
Stores and streets like Kamkunji where sell goods wholesale at an affordable rate for someone looking to start a business in literally anything like men’s and women’s accessories, shoes, home décor and stationery.
Delivery has been made easier whether you sell food or much more delicate and expensive items. Unlike before, you do not have to wait for days unending or get scared that the delivery person run off with your goods, due to technology that enables you to track your goods. Delivery services like Pick Up Mtaani are one of the most known and trusted delivery services small business owners use.
Read also: conversation starters in Kenya.
Having a brick-and-mortar business is not always affordable for most especially if you are new to the business and are not so big in capital. On the flip side, having a physical location gives a benefit of doubt to most customers due to phoney business owners who dupe their customers. The Rent-a-shelf idea has been embraced by most business owners who want to be reliable to customers and yet have an online presence at an affordable fee.
Meta has also been a crucial part of small business owners due to the features it offers on their social pages, Facebook and Instagram that assist the business owner to reach their target audience.
Subscribe to our YouTube channel: Switch TV.
