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Where to find start-up funding for a new concept
Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Chaka wrote:@Obar1,
What I am wondering is this:
If your business was to take off,what would its impact be on the traditional car dealers i.e open air show rooms and bazaars?If their business was to be greatly impacted,do you think they will just sit by and watch..? @Obar1, Whats your response to the above?
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Rank: New-farer Joined: 5/14/2013 Posts: 12
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@Chaka. Well, eventually they may team up and do what I do as Kenya is a free market. One thing to note, if a pioneer does a good job,they are likely to retain the bulk of the market (I hope I don't sound deluded by making this comment).
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Rank: New-farer Joined: 1/16/2012 Posts: 56
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Why are we being politically correct, this dude is nuts. Not even great founders like Zuckerberg of fb were paid 340m or USD$4m in the first three years. Mate stop with this delusions of grandeur and get back to the real world.
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Rank: Elder Joined: 6/21/2008 Posts: 2,490
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When the deal is too good...... The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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Rank: New-farer Joined: 5/14/2013 Posts: 12
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@Tgoldman. Noted, will try and come back to real world MATE.
@ZZE123: This could be a con! @Wazuan's please take note
TO EVERYONE WHO READS THIS STRING, LET ME MAKE IT CLEAR (AND FOR THE LAST TIME), I STICK TO THE FIGURES I QUOTED ABOVE. GLAD WE ARE ON THE SAME PAGE.
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Rank: Member Joined: 4/26/2011 Posts: 759
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Obar1 wrote:@Tgoldman. Noted, will try and come back to real world MATE.
@ZZE123: This could be a con! @Wazuan's please take note
TO EVERYONE WHO READS THIS STRING, LET ME MAKE IT CLEAR (AND FOR THE LAST TIME), I STICK TO THE FIGURES I QUOTED ABOVE. GLAD WE ARE ON THE SAME PAGE. No one will give you a shilling to invest so enjoy your dream right now because it is not getting anywhere.
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Rank: Member Joined: 6/17/2010 Posts: 572
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obar1 what is the one word you can use to describe your concept 'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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ZZE123 wrote:Obar1 wrote:@Chaka: Circa KES 50M, to be injected gradually over 3-4 months, the bulk of which, will go to Marketing. Forecasted Net profit as follows,having taken away Director's allowances:
YR1 - KES 71m
YR2 - KES 199m
YR3 - KES 249M
Director's Allowances over the 3 years total KES 342M (taxable). Investing 50M and making a net profit of 71M in the first year is unrealistic - unless you are opening a "Pharmacy" @ZZE123, It's so doable. I know of guys who ship in five "units" every single month,making 7.5mn profit. In a year, that's 90mn. The five units cost 34mn. The goods are legit, not contrabands.
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Rank: Elder Joined: 6/21/2008 Posts: 2,490
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mkeiyd wrote:ZZE123 wrote:Obar1 wrote:@Chaka: Circa KES 50M, to be injected gradually over 3-4 months, the bulk of which, will go to Marketing. Forecasted Net profit as follows,having taken away Director's allowances:
YR1 - KES 71m
YR2 - KES 199m
YR3 - KES 249M
Director's Allowances over the 3 years total KES 342M (taxable). Investing 50M and making a net profit of 71M in the first year is unrealistic - unless you are opening a "Pharmacy" @ZZE123, It's so doable. I know of guys who ship in five "units" every single month,making 7.5mn profit. In a year, that's 90mn. The five units cost 34mn. The goods are legit, not contrabands. @mkeiyd in your case total cost is 34M*12=408M and a profit of 90M which is 22% return. in this case investment is 50M and return is 71M hence 142% Return... Does this make scene?? The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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Rank: New-farer Joined: 5/14/2013 Posts: 12
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@ZZE123: I like the common math you have done, just to confirm, I asked my 10 year old to do it for me, and guess what, she got the same answer. Well done.
Now let me ask you something..Do you know the value of the used-car market(including plant, farm and commercial vehicles)in Kenya in 2010, 2011 & 2012?
Now, get back to that internet cafe you always use, Google these figures and once you tumble upon the figures you perceive to be correct, come back and report to us.
U may just notice that the figures I have posted are realistic. One thing I will not do here, is state my competitive advantages.
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Where to find start-up funding for a new concept
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