This archive report was first published on 14 July 2020.
July 14, 2020, marked a significant milestone for media personality Betty Kyalo, as she relaunched her luxurious beauty parlour, Flair by Betty, at a new location on Rose Avenue in Kilimani. The journey to this point was not without its challenges, but Kyalo's determination and resilience ultimately led to her success.
Before Flair by Betty, Kyalo had partnered with her lawyer friend Susan Kaitanny to open The Posh Palace, a high-end beauty parlour that attracted celebrities and the wealthy. However, the business hit a rough patch, and the partnership ended in a scandalous manner, leaving Kyalo to pick up the pieces and start anew.
As Warren Buffett once said, 'There are three ways to go broke: liquor, ladies, and leverage.' Kyalo's experience with The Posh Palace was a stark reminder of the importance of careful financial planning and management.
Undeterred, Kyalo used her savings to launch Flair by Betty, making personal sacrifices along the way. In an interview with Hustle Magazine, she shared her lessons and struggles, highlighting the importance of investing in the culture of saving, identifying one's stronghold in business, and being ambitious and bold.
'I leveraged on my savings, making personal sacrifices such as forgoing a holiday or extensive shopping,' Kyalo said. 'I even had to make some painful decisions, such as using cash that I'd saved up for my daughter just to get Flair by Betty off the ground.'
Today, Flair by Betty is a thriving business, offering a luxurious and welcoming space for customers to relax and rejuvenate. Kyalo's journey serves as a testament to the power of determination and hard work, and her advice to young entrepreneurs is to never give up on their ideas, even when faced with fear and uncertainty.
