Kshs 7million or 7 billion? Kenyanlyrics, stick to music these money thing is too complex! Which virginity are you talking about? with 7 million I guess you're talking about female virginity because yes! you can drive up until Central Africa conquiring villages full of virgin girls infact you'll be lucky to get there before you run out of money, thats the only virginity you can spot with Kshs 7 Million!

Really!!! Why not tell masukuma what you think he should do with his money instead of coming here and abusing everyone else genius!

Kindly bless with your uncolonized genius and give us examples of wahindi/Wazungu who have made it bigger than us colonized Kenyans with only 7million shs starting capital...

@kenyalyrics

If you don't mind please give a breakdown of how less
than 4m ksh can be used to set up your
suggested ICt biz to our friend taking into
consideration.
- Rental cost for 2 years in a good location not
in kitengela or kawagware it has to be in central
nairobi.
- Cost of Furnishing and sundry.
- Cost of acquisition of computer hardware as a training
center you need min of 4 systems
- Cost of software licence enterprise licence not single user licences
- Working capital for salary and sundry
expenses
- Cost for utilities, Stationery
- Cost of registeation of biz name and advertising including
statutory sign post charges for city council of
nairobi
- cost of training our friend to acquire this
specific ICT skill to be competent
- Cost of marketing
- Other charges and expenses

Let us know your estimated turnover in the short
term and the projected profit.
Educate us on how you will spend less than 4
million shillings in year 2012 not 2002 to set up this biz
Explain also how to get clientele because this
kind of business require some time up to
2 years to get client as it is very competetive and
in requires some time to earn client confidence
in such a start up with no previous reference
point or experience.

Regards

I'd suggest that you do real estate. Get an eighth acre at 1m at mwiki, ruai etc. It can fit 7 one bedroom flats on each floor. Each unit at 30m2. Build 2 floors ie ground and 1st floor, a total of 14 units. Construction cost will be 14units x 30m2 @15000 which totals to 6.3m. Rental income will be 14 units x 8,000 each totaling 112,000. Using the rent proceeds you can now choose where to rent a house for you to live in at maybe 40k and pocket the 72k balance every month.

With time and using the rent generated, you can add another 4 floors pole pole, maybe 1 floor per Yr, bringing the total no. of units to 42 and a monthly income of KES 336,000. This amount will be enough for you to rent a luxury apartment at Le Mac Westlands (at only 150k pm). Then you can get another 1/8th and do it again.....and again.

Actually I am an IT Guy... world reknown in my field of specialization...i however dislike Apple :)

@masukuma, why the dislike? @kenyalyrics, et al, fill us in on the details of this idea as requested by @young #post48

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I don't own any but i hear wazees talk of small risks in this real estate investment.

What about transport services? Options -
2. Buying muguu kumi FVZ, Tata,Scania etc and supply constuction materials such as sand, kokoto, and if you buy a tipper you can also do soil dumping. For FVZ you will have to tim up 7m to 8.5m but can find second hand with that amount. For others may be you can buy cash.
3. Medium load transport. Buy Isuzu FRR, OR MIT FH and transport goods, Mbao, Ndizi, cement, sokeri, etc
4. Buy a bus (coach) and ferry people from town to town e.g Kisumu kenya to Malindi via Mombasa Kenya etc
5.Mathree?

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If you are not yet decided don't let your money stay with the banks. Risk something and buy plots/land in developing areas. Give youself time while the value of land is appr...

By the way are you a home owner? If not and you have a family or starting one, just have it in mind that you need your own house. I won't write here that you take all 7m to a house. But you can build it this way. Identify a place buy a GENUINE plot. If not so developed don't even fence but ensure you can see all the beacons. If dev.. consider fencing and planting some trees. You will put your house here. Then Buy 1 or two more plots that you will sell later after a yr or so. This will give you money to build hs. 3m gone

Still too all depends with you and your lifestyle. Degrees or not take heed to graduation ceremonies and see for yrself the multitude. (I cant do that bcoz i am that)
Then don't be so exited to include everyone, f members etc to your 7m.
Last don't invest everything and leave nothing for your expenses. If you have some sources fine. if not just make sure you have enough to take u thru b4 reaping from invest..
Finally .....Blessed is the hand that giveth than the one that taketh.... Invest first and generously give the fruits

Sincere wishes

@Young, I am speaking from my experience. I am a software developer and most of my friends are as well. I know of friends who've managed to set up Java mobile application development companies for as low as 1m. An iOS development company would need Objective C developers, who are rarer and thus more expensive, so I simply tripled my lowest estimate.

But for your sake, I will try a breakdown:

- Physical location does not matter in a mobile app company. They would be selling applications on iTunes to US citizens. So the only location that matters is whether the app is prominently displayed on iTunes or not. This means that @masukuma can house the developers even in his home if he wishes. Location cost: immaterial.

- cost of furnishing and sundry: immaterial. As I said, @masukuma can even house them in his home.

- cost of acquisition of computer hardware: (Assuming 5 iMacs capable of running Software Development Kits) around 500k. Take note that a lot of developers have their own computers, so this cost might even come to be zero.

- cost of software license: Apple computers come bundled with licensed software, so this cost is in the 500k above. The only other software overhead is the iTunes subscription fee, which is 100 dollars a year.

- cost of salaries: depends. From my experience, 50k average. Meaning 250k a month.

- cost for utilities and stationery: software development companies are usually paperless offices, so this cost is immaterial as well.

- cost of registration and biz name: 50k

- cost of advertising and marketing: could be zero if your applications could be shared via social media or word-of-mouth

That comes to WAY less than 4m capital. But I suggested 4m because I know s**t happens in business.

@Kenyanlyrics Who has ever succeeded in anything they don't like doing? How many people have created apps and are not able to sell them either on itunes or Android market?