Turner & Hernshaw Training Centre

Turner & Hernshaw Training Centre Entrepreneurship, Personal Finance Planning, Investment options,Tax consultancy, Quickbooks skills, Recruitment Database of Accountants & Administrators

Seminars are available to train on Entrepreneurship, Personal Finance Planning, Tax consultancy, Quickbooks accounting software, Investment options

21/09/2017

Did you know?.....That to gain personal financial success, you must begin with saving at least 10% of all your income. In 10 months, you shall have saved a full monthly income. What if you increased that rate to 15% or 20%? Financial freedom.

20/08/2013

Did you know?.....Blue Ocean Strategy is a business strategy book first published in 2005 and written by W. Chan Kim and Renée Mauborgne of The Blue Ocean Strategy Institute at INSEAD.

The book illustrates what the authors believe is the best organizational strategy to generate growth and profits. Blue Ocean Strategy suggests that an organization should create new demand in an uncontested market space, or a "Blue Ocean", rather than compete head-to-head with other suppliers in an existing industry.

Kenya has good examples of organizations that continue to aim at achieving the Blue Ocean Strategy.They include Safaricom Ltd (dedicated data and MPESA), Keroche Industries (sugar-free alcoholic drinks) and Parapet Cleaning Services Ltd (unique, international standards contractual and one-off cleaning services).

Chase this dream in your business from today.

19/07/2013

Did you know?....The TEN common sources of BUSINESS FAILURE

What is the business survival rate? Statistically, roughly 66 percent of new businesses survive two years or more, 50 percent survive four years or more, and 40 percent survive six years or more.Below is the reason why the remainder fail:

1)Failure to understand your market, your customers, and your customers’ buying habits.
2)Choosing a business that isn’t very profitable- It takes more than a good idea and passion to stay in business.
3)Failure to understand and communicate what you are selling-Does your market connect with what you are saying?
4) Inadequate financing- Cash is king. If you don’t have enough cash, your prospects for success are not good.
5) Failure to anticipate or react to competition, technology, or other changes in the marketplace-Those who fail to do this end up obsolete.
6)Overdependence on a single customer. Pay attention to your revenue sources.
7) Failure to define your product/service offerin-. Trying to do everything for everyone is a sure road to failure. Excellent results come from doing what you do and doing it well over and over again.
8) Keeping your house in order-Slow and steady wins every time. It’s hard to believe that too much business can destroy you, but the textbooks are full of case studies. To serve your customers well you have to focus on quality, delivery, follow-thru, and follow-up.
9)Poor management- Management of a business encompasses a number of activities: planning, organizing, controlling, directing and communicating. The cardinal rule of small business management is to know exactly where you stand at all times. A common problem faced by successful companies is growing beyond management resources or skills.
10)No planning- If you don’t know where you are going, you will never get there. To grow and be successful you have to actively work on your business.
In summary, where is your business coming from and where is it headed?

15/07/2013

Did you know?....The best businesses to start are those with the simplest operation cycle-from client request to customer satisfaction- whether you are providing services or selling products.

Just like life's requirement, keep your business model simple.

Create a document for your organization's processes. It directs your staff to follow a certain "drill", minimizes their thought process in customer satisfaction and helps you manage any number of staff and organization resources.

This means you can expand your existing business, or set up and replicate several branches, factories and offices doing the exact same thing.

Nakumatt holdings ltd in Kenya and the Apple stores and products internationally are a perfect example of replication.

Keep it simple, retain standardized values and and seek to sell volumes or render numerous service packages.

10/07/2013

Did you know?....If you earn an income from employment, remuneration, benefits or a salary outside Kenya, you are expected to declare that income to the Kenya Revenue Authority (annually).If the income earned is within the threshold that is taxable, you are expected to make a payment.

This is mandatory unless Kenya has a Double Taxation Agreement (DTA) with your resident country of income where you are still expected to compute tax payable using Kenyan tax scales and pay the difference if tax payable in the resident country is lower.

Only a few countries have signed a DTA with Kenyan authorities-United Kingdom, Denmark etc- and all East African Community partners are in the process of doing the same.

Recently, persons based in United States of America were granted an amnesty to declare and pay tax payable on earnings made previously without attracting penalties and interest on tax arrears.

Therefore, it would be an advantage if Uganda, Tanzania, Rwanda and Burundi to sign off a D.T.A. for the benefit of East African citizens earning salaries and other forms of income as sole proprietors to avoid double taxation in two countries.-

05/07/2013

Did you know?....The deadline to file income tax returns iin Kenya is on the thirtieth of June each year.
This date only affects individuals, and companies whose financial year is registered as thirty first December (know as December cases.
An automatic penalty for late filing of individual and company returns is imposed besides interest and penalties charged on principle tax payable.
Only the Commissioner General of Kenya Revenue Authority can waiver this penalty or his Finance Ministry counterpart(Minister) under the Income Tax Act.This is rare though because a very genuine reason must be provided and we are certain that consultantions must be held before this waiver is approved.
Simply, file your tax returns on time.

Our training division...
19/05/2013

Our training division...

16/05/2013

Did you know?....Objectives of an organization are dependent on whether it is Profit making or Non-profit making.
Managers and their subordinates are either focused on EFFICIENCY for profit making establishments or EFFECTIVENESS for Non-profit making ones.
Efficiency rides on earning as muchprofits from the most optimal level of financial, human or other forms of resources possible.
Effectiveness on the other hand is about ensuring goals and objectives are achieved primarily-without necessarily reviewing how much it would cost to achieve them.
It is for this reason that a government (Non-profit organization) or NGOs work towards delivering effective services and products to their target market, at times exceeding their budgets.
Private and public limited companies, on the other hand, will always retrench, recruit and cut down costs to maximize on their profits regardless of how much they earn.

13/05/2013

Did you know?....Where they is no struggle, there is no progress.
In life, everything is either growing or decimating at any one time.Even plants either grow or dry up.The same goes for humans.Your studies get harder as you progress, you face new challenges in employment, you face business hurdles and the same goes for interpersonal relationships.
Once you recognize this force of nature, you realize that there are good and bad times, highs and lows.And that is GROWTH.
But you cannot possibly be suffering all the time.Something is wrong!
If your studies are too hard all the time or you are facing business failure all the time or your performance at work is declining all the time, or your relationships are unstable all the time then review your CHOICES and make a DECISION to review your study option or pattern, seek an alternative business strategy, change the way you work or adjust how you relate with people.You must take ACTION.
Where there is no struggle.....

12/05/2013

Did you know?....T&H Training Centre,Thika, can accommodate students and seminar participants from as far as Thika and its environs, Ndakaini, Ruiru, Juja, Muranga town, Makuyu, Embu, Chuka, Mwingi and Garissa. All you need is to email us for more information to [email protected] or call us on +254 20 2066 405.

09/05/2013

Did you know?....the time taken to think about your lunch break can reduce your focus and attention on productivity by as much as 60%.
On a daily basis, from as early as 11.30am in the day:

1. 55% of you start to think about your lunch hour and meal options, further reducing your productivity
2.40% of you focus on whether your wallet or purse resources are adequate to eat what you want
3. 30% of you loose your concentration to think of what whether to eat what you ate the last time
4. 16% of you wonder whether the meal option available later on is healthy for you, and
5. 3% will literally compute the calories your lunch meal has in order not to exceed your body's requirements

The top twenty richest people in the world either have their lunch meals at home, or carry packed snacks andlunch.Kenya's very own business mogul, Dr. Manu Chandaria, is a good example.

Home cooked snacks and meals are cost effective and healthy.You get to choose what you want well before lunch hour.
And the best part is, you can focus on building your dreams and giving it your all for longer.

06/05/2013

Did you know?....The last year's budget read for year 2012/13 financial period amounted to over shs 1.4 trillion.Out of this amount, Treasury projected to collect shs 1 trillion through taxes.

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Kigio Plaza, 3rd Floor, K3-53, Nkurumah Road, Thika Town
Thika

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+254 0202066405

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