Sportpesa CEO Ronald Karauri on Wednesday, January 8, offered financial advice to Kenyans looking to build their own successful ventures.
Karauri explained that contrary to some suggestions, it was not always advisable to abandon conventional employment to jump into self-employment.
In the article featured on the Standard Group-owned Hustle magazine, Karauri went on to explain that it was important to be strategic in one’s timing and to always keep an eye out for potential opportunities.
“It’s not necessary to quit your job because you are looking to start a new, self-driven venture (self-employment).
“If you plan and work smart it is possible to start building your venture while still employed (whilst being compliant to legal restrictions) until you find your feet and you’re ready to leave employment,” he opined.
Karauri argued that quality opportunities were not as readily available as people thought, noting that a job offered considerable financial security for people and their families.
He stated that with proper planning, someone could manage to build up their own venture while still in gainful employment.
“If you plan and work smart it is possible to start building your venture while still employed (whilst being compliant to legal restrictions) until you find your feet and you’re ready to leave employment,” he wrote.
Karauri also cautioned against taking out unnecessary loans as one could get caught up servicing multiple loans.
He stated: “But if you have to, ensure you aren’t tied up in too many loans but rather prioritize some money to invest in strategic projects.”
Sportpesa made an exit from the Kenyan market in dramatic fashion in October 2019.
The international sports betting firm which sponsored several teams and leagues in the country blamed the ‘hostile regulatory environment’ for their move with new taxes having been levied on sports betting companies.