{"id":2459,"date":"2023-05-05T15:15:38","date_gmt":"2023-05-05T15:15:38","guid":{"rendered":"https:\/\/kenyatopstories.co.ke\/?p=2459"},"modified":"2023-05-05T15:15:38","modified_gmt":"2023-05-05T15:15:38","slug":"founder-and-chief-executive-officer-of-samchi-group-madam-esther-muchemi-is-indeed-an-icon-a-leader-and-a-captain-of-the-industry","status":"publish","type":"post","link":"https:\/\/kenyatopstories.co.ke\/index.php\/2023\/05\/05\/founder-and-chief-executive-officer-of-samchi-group-madam-esther-muchemi-is-indeed-an-icon-a-leader-and-a-captain-of-the-industry\/","title":{"rendered":"Founder and Chief Executive Officer of Samchi Group Madam Esther Muchemi is indeed an icon, a leader and a captain of the industry"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"720\" height=\"960\" src=\"https:\/\/kenyatopstories.co.ke\/wp-content\/uploads\/2023\/05\/WhatsApp-Image-2023-05-05-at-12.30.51-PM.jpeg\" alt=\"\" class=\"wp-image-2460\" srcset=\"https:\/\/kenyatopstories.co.ke\/wp-content\/uploads\/2023\/05\/WhatsApp-Image-2023-05-05-at-12.30.51-PM.jpeg 720w, https:\/\/kenyatopstories.co.ke\/wp-content\/uploads\/2023\/05\/WhatsApp-Image-2023-05-05-at-12.30.51-PM-225x300.jpeg 225w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><\/figure>\n\n\n\n<p>&#8220;CONTROLS IN BUSINESS<\/p>\n\n\n\n<p>I am an accountant by training, did auditing for over 10 years, but even then, I often times get it wrong, in matters control.<\/p>\n\n\n\n<p>At times you think the person you have put there is trusted and so you let go of part or all the check and balances in the business.<\/p>\n\n\n\n<p>A business without controls especially if it in retails can come to collapse, not because the business is bad, but because the controls are bad.<\/p>\n\n\n\n<p>Controls help you have a grip of the business<\/p>\n\n\n\n<p>Controls define the process from beginning to the end.<\/p>\n\n\n\n<p>Controls have counter check, ie checks and balances<\/p>\n\n\n\n<p>Controls produce reports which must be checked( this is where most of SMEs go wrong)<\/p>\n\n\n\n<p>Controls must be reviewed periodically, for me any time I get into a problem, I analyze it, and put necessary controls for future mitigation..<\/p>\n\n\n\n<p>Guess what, we need to ensure our business has strong controls.<\/p>\n\n\n\n<p>I Am just re-establishing back some controls that I realised had fallen off, covid effect, leading to little by little losses, which with time can be huge.<\/p>\n\n\n\n<p>Today I just want to challenge you to look at and review the controls in your business.<\/p>\n\n\n\n<p>Start from where you are feeling uneasy eg bankings, procurement or any other.<\/p>\n\n\n\n<p>It could just turn out to be, the proverbial: a stitch in time saves nine, just maybe.&#8221;<\/p>\n\n\n\n<p>Esther Muchemi is the founder and Chief Executive Officer of Samchi Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;CONTROLS IN BUSINESS I am an accountant by training, did auditing for over 10 years,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2459","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/kenyatopstories.co.ke\/index.php\/wp-json\/wp\/v2\/posts\/2459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kenyatopstories.co.ke\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kenyatopstories.co.ke\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kenyatopstories.co.ke\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kenyatopstories.co.ke\/index.php\/wp-json\/wp\/v2\/comments?post=2459"}],"version-history":[{"count":1,"href":"https:\/\/kenyatopstories.co.ke\/index.php\/wp-json\/wp\/v2\/posts\/2459\/revisions"}],"predecessor-version":[{"id":2461,"href":"https:\/\/kenyatopstories.co.ke\/index.php\/wp-json\/wp\/v2\/posts\/2459\/revisions\/2461"}],"wp:attachment":[{"href":"https:\/\/kenyatopstories.co.ke\/index.php\/wp-json\/wp\/v2\/media?parent=2459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kenyatopstories.co.ke\/index.php\/wp-json\/wp\/v2\/categories?post=2459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kenyatopstories.co.ke\/index.php\/wp-json\/wp\/v2\/tags?post=2459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}