Enactus Pwani University

Welcome to today's tweet chat on topic "Managing your Projects” Our special guest is Mohamed Amin Laving, Project Manager at Giza Systems. Remember to tag the number of question & use #EnactusKExpo2021 as you respond @IRENKenya @GizaSystemsWECA @Akili_Africa @AminLaving

@EnactusKenya @IRENKenya @GizaSystemsWECA @Akili_Africa @Bobkinyua P1. Initial capital may be available/ not depending on the nature of the startup/the available network. However little/much it can be, it requires sustainable planning. This can allow for forecasting on when & how 2 seek financing. Start up will attract more funding with time

At startup; Too many businesses shut down prematurely because their finances were out of order. So there is no shortcut but to be smart with finances; P1. Initial Capital – Is it available or adequate and for how long @IRENKenya @GizaSystemsWECA @Akili_Africa @Bobkinyua

Day 3 All set... Join us from 9am - 11am today for our 3rd fire chat on "Know your Finances" Join in; #EnactusKExpo2021 Our guest: Robert Muriithi, an accountant supervisor at Giza Systems @IRENKenya @GizaSystemsWECA @Akili_Africa @Bobkinyua @ShikwatiJames @achieno

@EnactusKenya @IRENKenya @GizaSystemsWECA @Akili_Africa @iamnajda @ShikwatiJames CASH RESERVES: It won’t take long for your initial savings to dry up. You can rely on lines of credit and loans, but it’s often better to have liquid assets. Having a savings plan helps provide a financial cushion during economic downturns

@EnactusKenya @IRENKenya @GizaSystemsWECA @Akili_Africa @iamnajda @ShikwatiJames Thinking about investing also means you have to think about your priorities. Ask yourself; What does your startup really need as opposed to what you want it to have?.e.g you can cut back on renting an office at a popular area by starting off working at co-working spaces instead