Case Study:

Client Background

A family-owned hardware business in Kenya with 15 years in operation sought to improve financial stability and maximize resources for future expansion. While they had a solid customer base, their growth was hindered by high operating costs, lack of structured savings, and limited investment in employee welfare.

Challenges:

The hardware business faced three primary challenges:

1. High Operating Costs: Without a clear budgeting strategy, monthly cash flow fluctuated, leading to financial strain.
2. Insufficient Investment Plans: The business lacked structured investments to support expansion plans.
3. Limited Employee Benefits: Employees had minimal health and accident insurance coverage, affecting morale and productivity.

Solution by Tamara’s Financial Planning and Consultancy

Tamara’s provided a customized financial plan, tackling each challenge with targeted solutions:

1. Budgeting and Cash Flow Management: We helped the business implement a detailed budget, emphasizing cost-effective inventory management and structured expense tracking. This improved monthly cash flow and freed up capital for other priorities.
2. Investment Strategy: We introduced a tailored investment plan, directing a portion of monthly profits into a high-yield money market fund. This not only grew the business’s capital but also ensured funds were readily accessible when needed for expansion.
3. Comprehensive Insurance Solutions: To boost employee retention and productivity, Tamara’s provided affordable health and personal accident insurance plans. This improved morale and reduced absenteeism, positively impacting the bottom line.

Results:

Within a year, the hardware business achieved the following outcomes:

• 25% Reduction in Operating Costs: Improved budgeting streamlined expenses, cutting unnecessary costs.
• Increased Capital by 20%: Monthly investments generated additional capital, supporting growth initiatives.
• Enhanced Employee Productivity: The introduction of health and accident coverage improved job satisfaction and reduced employee turnover.

Client Testimonial

“Working with Tamara’s Financial Planning and Consultancy was transformative for our business. They gave us practical solutions that made a huge difference in our cash flow and employee engagement. Now we’re focused on growth with confidence!”