Eutycus Mwenda Mugambi, a 35-year-old entrepreneur, is the founder of Milestone Supplies, an oil depot that supplies fuel to businesses nationwide. However, Eutycus’s path to success was fraught with challenges. His journey began as a porter at a market in Meru town, where he worked tirelessly and saved diligently to establish a food kiosk with an initial capital of just Sh5,000.
Undeterred by the obstacles he faced, Eutycus did not let go of his entrepreneurial aspirations. He temporarily suspended the kiosk operation to pursue further education, and in 2018, he refocused his business endeavors towards the petroleum industry. Recognizing the potential for higher profits without directly competing with established petrol stations, Eutycus devised a strategic plan to supply fuel to these stations at competitive prices.
Securing funding for this venture presented its own set of challenges. After meticulous preparation, Eutycus crafted a robust business proposal and approached Sidian Bank, a financial institution with whom he had fostered a strong rapport over the years. Their confidence in Eutycus’s vision resulted in the approval of a credit facility totalling Sh600,000, which kickstarted Milestone Supplies.
Amidst operational hurdles and the volatile global oil market, Eutycus has skillfully guided the company through its six years of existence. He has not only established a dedicated workforce of 15 staff members but has also expanded the reach of Milestone Supplies with the objective of achieving nationwide coverage.
Despite his achievements, Eutycus remains grounded, acknowledging the trials and tribulations that accompany entrepreneurship. From the challenges of recruiting trustworthy employees to navigating corrupt practices within the industry, he comprehends the obstacles that confront every business proprietor.
For Eutycus, the entrepreneurial journey has been a testament to his self-belief and unwavering determination. His counsel to budding entrepreneurs is to cultivate their skills early, set realistic goals, seek guidance from accomplished individuals in their field, and most importantly, maintain a healthy work-life balance at all times.
Eutycus’s narrative epitomizes resilience, ambition, and the unyielding conviction that self-belief can indeed lead to greatness. As he continues to steer Milestone Supplies to new heights, his journey serves as an inspiring exemplar of the essence of a self-made entrepreneur.