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Young entrepreneur of the day "captain" |
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1. Tell us more about yourself;
Im peter kihiko an entrepreneur 22yrs, living in Thika, born and raised in Nakuru County.
2. What are you currently upto;
Planning to continue my
university studies in September.
SHAYDEE Tours AND TRAVEL-Offering travel solutions such
as car hire, taxi services and more related services.
3. How did you start your business;
Initially started as a taxi
driver in Nairobi CBD, Later started leasing vehicles from individuals and
paying them monthly.
4. Did you face any challenges when
starting the business;
Having individuals to trust you with their vehicles were a bit
of a problem acquiring them plus others giving out many unnecessary orders that pressured me a lot.
5. What has been your greatest accomplishment so far;
I have received clients from as far as Asia, Japan to be
specific on, offered them with necessities when it came to traveling and
adventure in the country, many loved the company of my marketing manager Alex
and I and we were even forced to be guides for 1 week. We even spent Valentines
Day with them this year. I really enjoyed.
6. Who are your customers;
Mainly I get clients coming from
the companies and factories around Thika, students from Mount Kenya University,
extended clients from Nairobi, plus I also get visitors from abroad once in a
while.
7. How do you market your products;
I have my marketing director
Alex who is conversant with a wide range of people who eventually become
clients, I have the business online especially on Whatsapp groups, Facebook,
plus we give out flyers to companies.
8. What was your source of startup
capital;
I had my savings from the taxi business where I took a loan from
my bank to propel my business.
9. What challenges have you faced
so far and how have you dealt with them;
Most of the times the car hire business has a lot of problems
mainly when a client returns a vehicle in an unpleasant condition such as when
the vehicle gets hit or is involved in accidents, either minor or major, some
return vehicles late too and default payment. Thus such problems you forcing me
to introduce rules like payment of a certain amount of refundable deposit when
the car is returned in good condition. I am sometimes forced to intervene the
law.
10. What would be your advice to
young startups in your field;
Car hire needs people with the heart to take risks as an
entrepreneur, courage and determination is also key and very much important.
Ambition and the desire to grow is what makes me rise day by week.
11. To what or whom do you attribute
your success to;
First and foremost I thank GOD
and my parents for the support all through, in thin and thick they have always
accommodated me. I also thank Mr. Lewis Kiyana, my friends from MKU and Thika who
have been so supportive including Alex and Star boy Chrome from Grandpa Records.
12. What is unique about your
business;
The uniqueness in it is that we offer services in a town that is
industrious and services are offered by very young people and get to blend with
all kind of clients. There is also no much competition thou the current one is
very healthy.
13. Do you have any partnerships?
I get partnerships from other car hire companies around Thika
where I offer them vehicles when theirs are out of stock and vice versa. I am
also planning to incorporate a well established car hire company from Nairobi
CBD to the market here in Thika.
14. What do you look forward for in
the future;
In future am eyeing on been the largest Travel Logistics Company
in Thika, and who knows, I might top the list in the Kenyan market.
15. How do you
balance academics with business;
Planning to join virtual learning when I go back to university
in September, so that I cannot have a big workload.
16. Does your business have presence
in social media, if yes share the accounts;
17. What’s your parting short words
for fellow entrepreneurs and fans of Kenya Moja;
We need more entrepreneurs and
small companies to become big companies or even outdo the current ones, let’s
take risks as young people to be able grow businesses. There are difficulties
expanding beyond the shores of our ability, but the other is just basically
lack of ambition.
18. Do you have anything additional
to say;
Let
me take this opportunity to highly thank Kenya Moja for this opportunity for
the interview and also knowing that there are entrepreneurs who are young and
energetic ready to move the economy forward. I am really honored.
Thanks for the interview.