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Capital = Ksh. 550,000; What are my options?
Rank: Member Joined: 1/13/2011 Posts: 297 Location: Nairobi
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I'd say go for kukus, do your research, attend free training and you are good. I HAVE KEPT KUKU FOR 3 YEARS 28 BATCHES MINIMUM 1000PCS AND NOT EVEN ONCE HAVE MORE THAN 10% DIED OF DISEASE!!!!!!!!!! just ensure you have someone wit a keen eye and if they notice anything to alert you/vet mara moja.
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Rank: Hello Joined: 9/4/2012 Posts: 3
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Thank you all for your comments and feedback. I will definitely keep the "blood-&-business-don't-mix" mantra in mind but I also believe that it's all about taking calculated risks.
It sounds like from the feedback so far, the ranking is:
#1. Kuku Pros : Rapid turnover; easy to maintain (maji + unga + dawa = happy chickens) Cons: Risk of chickens falling sick and dying; risk of mis-management
#2. Taxi Pros : not as hectic as matatu; less maintenance and fewer people to manage Cons : Market might be saturated; need to get a good location
#3. Matatu Pros : good cash flow; source of employment for 2 Cons: need to support mshaharaz of a few cops; repairs/parts/maintenance etc
The question I have is, what other options are there? Where is the smart money getting invested? I know land is hot right now. My hesitation is that the bubble might burst soon and I do not want to buy at the top. Not to mention I would need about twice as much to get a decent ka-plot + about a mill to build something on the land. Thoughts?
I can invest in stocks etc as most people here propose but what I am looking to do is to build a business.
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Rank: Elder Joined: 12/17/2009 Posts: 3,583 Location: Kenya
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forget matatu and taxi, unless you are planning to have more than one and you have enough time on your hands to chase them around and supervise the driver and makanga (even if its your bro) - at least when you are starting.
kukus are ok and small space will do with layered nests, but they also require a lot of time.
at the end of it all, any business requires a lot of input from your end especially time, that is if you want it to succeed.
if you want top help your bro, loan him the cash aanze biashara yake.
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Rank: Member Joined: 11/10/2010 Posts: 281 Location: Nairobi
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After trying out some of this business ideas with mixed success, I must say the key thing that determines your success is controls.
1. How do you know how much cash came in or left ? 2. How much effort did staff exert in the affairs of the business ? 3. Was that the best that could be done/ what opportunities did you miss?
Either the system is automated or you have the time on your hands to supervise alot of the key activities and make most decisions.
That said, this is why either your spouse or a partner (someone also financially vested in the business) is the best route to go. Blood family always seem to have a sense of entitlement for to little effort put in.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mukiha wrote:I like the way you are thinking, but I'm worried that you've chosen your brother to manage the business for you.
take it from this old man: there is only one person you can trust in this world - your spouse!
All other relatives will disappoint you. They will eat your money and then laugh at you when you run broke. Your wife/husband will be with you through thick and thin.
You are better off with a complete total stranger than with a blood relative.
And if you can't trust your spouse, then you will live a very unhappy life. ...It all depends how your family was brought up,I owe almost everything to my bros and if there is anyone I can trust in this world is either one of them... possunt quia posse videntur
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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It depends on the type of relatives u have, i have handled my 2 bros portfolios, and one has doubles the other has regular cashflows for a yr now. he handles my investments in msa, no hustles, thea/c we have is any to sign. trust-personified. it depends on the forkojembes u call relas. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Veteran Joined: 4/16/2010 Posts: 906 Location: Nairobi
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I sense that one of your main motivations is to help your brother out of a slump. My advice would be to help him set up the biz, and then leave him to own it all if he proves himself. That thing of wanting dividends will bring problems, even if the biz performs well. Trust that he will pay you back when your hour of need arises.
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Rank: Member Joined: 4/18/2011 Posts: 459
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http://wazua.co.ke/forum.aspx?g=posts&t=13397
http://wazua.co.ke/forum...&t=20390#post314800
If you have a relative who can understand what you have in mind in terms of business and is honest then I think you can manage, this is however easier said than done. The problem starts when a relative decides to get a 48hr loan to solve a small cash problem since he/she is expecting cash from somewhere by then. They actually get the expected cash but like it's said, "Kukopa ni arusi.... Then when you take the case to be arbitrated by another relative they will be so glad that your brother has started roofing his 1 room house and is therefore getting responsible. That he took his brothers money which he was supposed to buy more stock for biashara is never the point or you will be accused of being unhappy that your brother is taking steps to develop himself.
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Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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Passive investment boss....park your money in a ka-plot for the time being...choose wisely,...watch it increase in value, until at least you get a clearer idea of what business to finally tie down the money (research) Don't touch NSE for the time being,.....elections coming, I am suspecting lots of shares will head south
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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quicksand wrote:Passive investment boss....park your money in a ka-plot for the time being...choose wisely,...watch it increase in value, until at least you get a clearer idea of what business to finally tie down the money (research) Don't touch NSE for the time being,.....elections coming, I am suspecting lots of shares will head south That will be the best time to be greedy "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Capital = Ksh. 550,000; What are my options?
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