A struggling venture turns around
- Name: Margaret Mugala
- Job title: Business owner
- Company: Dimples Restaurant
- Programme: Grow Your Business
- Country: Kenya
- 100% of participants saw increased profits
Just prior to enrolling in AMI’s Grow Your Business programme, Margaret Mugala was facing a serious crisis. Her business, Dimples Restaurant and Lounge in Nairobi, was struggling, and she owed $30,000 to the bank. “I was actually at the verge of collapse,” she admits.
Then Margaret joined a six-month GYB programme offered through KCB Bank’s Biashara Club for entrepreneurs. Through the programme’s in-person workshops, peer support groups, and online library of courses and tools, Margaret learned practical skills on negotiating, budgeting, and capturing money transactions. Within weeks, she was using the tools she had gained from the programme to better manage her stock and oversee cash flow.
AMI is more practical than other programmes because they go all the way to the level of showing you how to do it, which is very important. And those tools are tools that you use forever.
Margaret Mugala, business owner
Soon after, Margaret saw sales and revenue increase. “After the programme, the sales had improved, and the controls were in place. So it enabled me to open another branch now,” she says. She hired an additional 32 employees as a result.
“AMI is more practical than other programmes because they go all the way to the level of showing you how to do it, which is very important. And those tools are tools that you use forever,” she explains.
Margaret hopes other business owners like her will participate in the GYB programme. “The Grow Your Business program is a very wonderful program, and I would recommend it to many other people.”
Related posts
Uber Eats & AMI Empower Restaurant Entrepreneurs with Practical Tools & Cash Prizes!
The African Management Institute (AMI) recently partnered with Uber Eats, one of the leading food delivery companies, to launch an exciting program that transformed the lives of entrepreneurs and their businesses through practical tools and cash prizes towards their businesses.
Transcending loyalty is a condition for the survival of organisations and humanity
In a rapidly evolving world, blind loyalty can hinder growth and adaptability. By embracing change, innovation, and diverse perspectives, organizations can thrive and humanity can progress. This forward-thinking approach ensures resilience, fosters creativity, and promotes a more inclusive and sustainable future for all.
Thriving as a business requires looking outward and looking inward.
Thriving as a business requires a dual focus: looking outward to understand market trends, customer needs, and competitive landscapes, while also looking inward to optimize internal processes, cultivate a strong company culture, and foster innovation. By balancing these external and internal perspectives, businesses can adapt to changing environments, meet customer expectations, and sustain long-term growth. This holistic approach ensures that companies remain agile, responsive, and resilient in the face of challenges.