The Creative Repost

Social entrepreneurs are people whose innovations are able to solve social problems in a community. Usually, not for profit, social entrepreneurship is a rising global trend that is also taking root in Kenya. The main goal for a social entrepreneur is to solve a problem as opposed to making profits. Social entrepreneurs are able to attract funding due to their nature. There are investors who are keen on investing in causes that are good for society at large. Such investors’ goals are to spend money on ventures that are ethical. It is therefore easy for a good social investment to attract funding from ethical investors. Some social innovations include green innovations which promote environmental preservation.  Others include health, education, agriculture and any other innovation that is deemed to be good for society. The first step in undertaking a social innovation is to identify a need. Most innovators  have harnessed bad personal experiences to produce innovations t...

Cutting operational costs in your business is a quick way to free up money that you can invest. Here are a few ideas: • Share office space with another small business or adopt a virtual business model , which doesn’t need a physical office, saving you on rent and operational costs. • Run your business in the cloud . You can access just about all your business management software in the cloud, which means you don’t need to invest in expensive hardware and the skills to maintain it. Cloud-based accounting solutions also help you manage your inventory, so money isn’t tied up in surplus stock. • Pay invoices on time to avoid interest and late payment fees. Take advantage of early payment discounts. • Cut down on meetings so your team can focus on strategic functions . Hold important meetings over Skype or Zoom to save time and money on traveling. • Outsource ad hoc work, like design and copy-writing to freelancers rather than hiring a full-time resource. Hire i...

Investment is an art that every individual must learn as he starts his work life and earns his livelihood. When you are fresh out of college and into your first job, you have relatively less responsibilities, sufficiently good surplus money and ample avenues to spend. There would not be anybody questioning you on how much you spend or how much you save. The first lesson one must indoctrinate when you start your work life is that instead of saving what is left after spending, one should inculcate a habit of spending what is left after saving. Money saved is money earned! first invest in yourself; there is no better investment than education which will fetch you a better job and a rewarding career. Read as much as you can, even if it is not related to the stream you are working in or operating in. There are many asset classes one can invest in. One should not be apologetic about making money; the choice of investment vehicle should be such that it creates wealth ove...

While it is not impossible, it is difficult to create substantial wealth from a salary income alone. However, it may be possible to do so if you have alternative sources of income, popularly known as passive income. Passive income is that income which you earn without active participation in the cash generation activity. Broadly speaking, passive income means letting your money to work for you while you work elsewhere to earn a salary. This means you use your salary to start a business which can generate a regular income for you. Perhaps this is the same way that your current employers started their business, that is, using capital derived from their past salaries to generate even more returns to strengthen their net worth. It is even possible that their participation in the business is minimal with only a few of them involved directly in its day to day running, instead hiring directors to oversee the operation and the affairs of the company on their behalf. ...