This archive report was first published on 26 August 2020.
Published on August 26, 2020, in the Saturday Magazine, a product of the Nation Media Group, Natasha Nalyaka, the founder and managing director of Lavida Events, shares her entrepreneurial journey.
With a humble beginning of Sh. 100,000, Nalyaka emphasizes the importance of having a clear 'why' and a support system to achieve success. She advises starting where you are and with what you have, and being thorough in understanding potential risks and mapping out necessary actions to mitigate losses.
Nalyaka also highlights the significance of saving and investing, opting for treasury bills and mutual funds, and avoiding common mistakes such as starting with spending and then saving and investing. She shares her experience of getting an office too soon after quitting employment and the importance of making good use of alternative options when launching a business.
Reflecting on her journey, Nalyaka notes that being rich is relative and that both entrepreneurship and employment can lead to wealth or financial struggles. She advises having a clear vision, writing it down, and executing plans to achieve success.
