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Big Business (1 million plus per month net)
Rank: Member Joined: 12/5/2013 Posts: 224
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popat wrote:My two cents.You can succeed in any business venture that serves a particular need as long as you are ready to go that extra mile.By this I mean you have to stop reading stuff like what we are telling you here and get your hands dirty.Start doing biz and the experience will shape you.This idea of thinking of millions before hitting the turf will get you no where.Go out there among the vultures and fight your way out.The truth is.Those driven by passion and hardwork ethic survive to make those millions.Those who go in with the immediate big money mentality quit earlier than necessary when the shit hits the pan.Your friends needs to resign today and get serious.He should be prepared for the worst because reality may turn out to be different from plans.I hope first thing is to come up with a serious biz plan which will enable him establish the SWOT of his idea. Good advice....resigning may not be necessary though.
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Rank: Member Joined: 12/2/2009 Posts: 299 Location: kenya
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matatuman wrote:popat wrote:My two cents.You can succeed in any business venture that serves a particular need as long as you are ready to go that extra mile.By this I mean you have to stop reading stuff like what we are telling you here and get your hands dirty.Start doing biz and the experience will shape you.This idea of thinking of millions before hitting the turf will get you no where.Go out there among the vultures and fight your way out.The truth is.Those driven by passion and hardwork ethic survive to make those millions.Those who go in with the immediate big money mentality quit earlier than necessary when the shit hits the pan.Your friends needs to resign today and get serious.He should be prepared for the worst because reality may turn out to be different from plans.I hope first thing is to come up with a serious biz plan which will enable him establish the SWOT of his idea. Good advice....resigning may not be necessary though. Any business that requires controls can't be managed through the phone.May be farming where you still have to commit ample time to monitor progress.The only other way is to have trusted employees to run the show on your behalf.But youll also soon realize trust and money don't mix especially among Kenyans.
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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popat wrote:My two cents.You can succeed in any business venture that serves a particular need as long as you are ready to go that extra mile.By this I mean you have to stop reading stuff like what we are telling you here and get your hands dirty.Start doing biz and the experience will shape you.This idea of thinking of millions before hitting the turf will get you no where.Go out there among the vultures and fight your way out.The truth is.Those driven by passion and hardwork ethic survive to make those millions.Those who go in with the immediate big money mentality quit earlier than necessary when the shit hits the pan.Your friends needs to resign today and get serious.He should be prepared for the worst because reality may turn out to be different from plans.I hope first thing is to come up with a serious biz plan which will enable him establish the SWOT of his idea. Well put. The harder you work, the luckier you get
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Rank: Member Joined: 12/5/2013 Posts: 224
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popat wrote:matatuman wrote:popat wrote:My two cents.You can succeed in any business venture that serves a particular need as long as you are ready to go that extra mile.By this I mean you have to stop reading stuff like what we are telling you here and get your hands dirty.Start doing biz and the experience will shape you.This idea of thinking of millions before hitting the turf will get you no where.Go out there among the vultures and fight your way out.The truth is.Those driven by passion and hardwork ethic survive to make those millions.Those who go in with the immediate big money mentality quit earlier than necessary when the shit hits the pan.Your friends needs to resign today and get serious.He should be prepared for the worst because reality may turn out to be different from plans.I hope first thing is to come up with a serious biz plan which will enable him establish the SWOT of his idea. Good advice....resigning may not be necessary though. Any business that requires controls can't be managed through the phone.May be farming where you still have to commit ample time to monitor progress.The only other way is to have trusted employees to run the show on your behalf.But youll also soon realize trust and money don't mix especially among Kenyans. And that's the mentality that fails most businesses. So what happens when the founder is no more? Business follows him six feet under? There is always a smarter way to get things done, unless you are offering professional services in a one man operation. Effective controls do not necessarily imply physical presence. The thing is not all businesses can be 'controlled'. Especially those at the bottom of the food chain.
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Rank: Member Joined: 12/27/2015 Posts: 130
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Sorry to hijack your thread @S.Mutaga III, I have a question of my own. A family of 10 have a ka plot around kariokor market where there are many garages but they don't seem to have an idea of how to utilize the property to generate 1M per month. Selling for them is a no no. They also don't have the capital to put up a building. They don't want to lease it as a garage since mechanics pay 100 shillings per day to work there and due to space limitations only 20 mechs can fit which translates to 20X100=2k per day. Your ideas are greatly valued here.
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Rank: Member Joined: 12/5/2013 Posts: 224
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TSi wrote:Sorry to hijack your thread @S.Mutaga III, I have a question of my own. A family of 10 have a ka plot around kariokor market where there are many garages but they don't seem to have an idea of how to utilize the property to generate 1M per month. Selling for them is a no no. They also don't have the capital to put up a building. They don't want to lease it as a garage since mechanics pay 100 shillings per day to work there and due to space limitations only 20 mechs can fit which translates to 20X100=2k per day. Your ideas are greatly valued here. You want 1M a month for idle land? You need a miracle not advice.
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Rank: Member Joined: 3/26/2012 Posts: 830
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You guys perhaps got me wrong. The guy disposed a piece of land at an insane amount. He has completed several flats with the proceeds to generate for him enough income to support his current lifestyle. His corporate job earns him peanuts and he feels that it is time to call it quits anyway. He figures that since 90% of his networth is already in real estate, and his papers are intact, he can safely venture into enterprenuership to pursue his dream. After all, earning 65k net with such a networth is slavery and stupid. He thinks there is better use of his time now. Please note that the rent from his projects is more than 10 times his net salary and he has no loans. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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S.Mutaga III wrote:You guys perhaps got me wrong. The guy disposed a piece of land at an insane amount. He has completed several flats with the proceeds to generate for him enough income to support his current lifestyle. His corporate job earns him peanuts and he feels that it is time to call it quits anyway. He figures that since 90% of his networth is already in real estate, and his papers are intact, he can safely venture into enterprenuership to pursue his dream. After all, earning 65k net with such a networth is slavery and stupid. He thinks there is better use of his time now. Please note that the rent from his projects is more than 10 times his net salary and he has no loans. Doesn't add up. He earns 65k net but has flats earning him 650k net? There is a 0% chance that he bought the piece of land and constructed the flats to earn 650k with his salary. I know because I was employed for a while and my net earnings were more than the 65k he is earning. Let him continue doing what he was doing to earn the money to construct flats. Life is short. Live passionately.
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Rank: Member Joined: 11/18/2009 Posts: 175
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AT SM it doesn't matter where he is getting his money what @ popat said still apply,would have made sense to hold on his land and invest income from the real estate in a small scale learn the ropes. meanwhile the land value would be appreciating and he can then Dispose then land at a higher value and inject more capital ones he is sure that its the right business For now tell him to put the money in real estate doesn't make any sense to dispose an asset if you have no idea what to do with the proceeds Some you win some you lose
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Rank: Member Joined: 11/18/2009 Posts: 175
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TSi wrote:Sorry to hijack your thread @S.Mutaga III, I have a question of my own. A family of 10 have a ka plot around kariokor market where there are many garages but they don't seem to have an idea of how to utilize the property to generate 1M per month. Selling for them is a no no. They also don't have the capital to put up a building. They don't want to lease it as a garage since mechanics pay 100 shillings per day to work there and due to space limitations only 20 mechs can fit which translates to 20X100=2k per day. Your ideas are greatly valued here. a million per month may be Abit unrealistic but they can do better than 60k per months, stalls to rent to guys offering goods and services to mechanics could be one way but it still require a bit of capital Some you win some you lose
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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TSi wrote:Sorry to hijack your thread @S.Mutaga III, I have a question of my own. A family of 10 have a ka plot around kariokor market where there are many garages but they don't seem to have an idea of how to utilize the property to generate 1M per month. Selling for them is a no no. They also don't have the capital to put up a building. They don't want to lease it as a garage since mechanics pay 100 shillings per day to work there and due to space limitations only 20 mechs can fit which translates to 20X100=2k per day. Your ideas are greatly valued here. Think about getting a financier and construct
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Rank: Member Joined: 3/26/2012 Posts: 830
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Mtublack wrote:AT SM it doesn't matter where he is getting his money what @ popat said still apply,would have made sense to hold on his land and invest income from the real estate in a small scale learn the ropes. meanwhile the land value would be appreciating and he can then Dispose then land at a higher value and inject more capital ones he is sure that its the right business
For now tell him to put the money in real estate doesn't make any sense to dispose an asset if you have no idea what to do with the proceeds He has already invested the proceeds in building flats. He only intends to use less than 10% of the remaining money in a business. I think I will tell him to buy shares and relax. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Member Joined: 3/26/2012 Posts: 830
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sparkly wrote:S.Mutaga III wrote:You guys perhaps got me wrong. The guy disposed a piece of land at an insane amount. He has completed several flats with the proceeds to generate for him enough income to support his current lifestyle. His corporate job earns him peanuts and he feels that it is time to call it quits anyway. He figures that since 90% of his networth is already in real estate, and his papers are intact, he can safely venture into enterprenuership to pursue his dream. After all, earning 65k net with such a networth is slavery and stupid. He thinks there is better use of his time now. Please note that the rent from his projects is more than 10 times his net salary and he has no loans. Doesn't add up. He earns 65k net but has flats earning him 650k net? There is a 0% chance that he bought the piece of land and constructed the flats to earn 650k with his salary. I know because I was employed for a while and my net earnings were more than the 65k he is earning. Let him continue doing what he was doing to earn the money to construct flats. He used his inheritance and savings to buy the land.That is what he told me but anyway, I didnt really ask for the information on how he bought the land. Where I come from, questions like those could get you killed. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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S.Mutaga III wrote:sparkly wrote:S.Mutaga III wrote:You guys perhaps got me wrong. The guy disposed a piece of land at an insane amount. He has completed several flats with the proceeds to generate for him enough income to support his current lifestyle. His corporate job earns him peanuts and he feels that it is time to call it quits anyway. He figures that since 90% of his networth is already in real estate, and his papers are intact, he can safely venture into enterprenuership to pursue his dream. After all, earning 65k net with such a networth is slavery and stupid. He thinks there is better use of his time now. Please note that the rent from his projects is more than 10 times his net salary and he has no loans. Doesn't add up. He earns 65k net but has flats earning him 650k net? There is a 0% chance that he bought the piece of land and constructed the flats to earn 650k with his salary. I know because I was employed for a while and my net earnings were more than the 65k he is earning. Let him continue doing what he was doing to earn the money to construct flats. He used his inheritance and savings to buy the land.That is what he told me but anyway, I didnt really ask for the information on how he bought the land. Where I come from, questions like those could get you killed. He can get you killed for asking questions and he is your friend. How bad can your enemies be?! Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Member Joined: 1/15/2015 Posts: 681 Location: Kenya
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kaka2za wrote:S.Mutaga III wrote:sparkly wrote:S.Mutaga III wrote:You guys perhaps got me wrong. The guy disposed a piece of land at an insane amount. He has completed several flats with the proceeds to generate for him enough income to support his current lifestyle. His corporate job earns him peanuts and he feels that it is time to call it quits anyway. He figures that since 90% of his networth is already in real estate, and his papers are intact, he can safely venture into enterprenuership to pursue his dream. After all, earning 65k net with such a networth is slavery and stupid. He thinks there is better use of his time now. Please note that the rent from his projects is more than 10 times his net salary and he has no loans. Doesn't add up. He earns 65k net but has flats earning him 650k net? There is a 0% chance that he bought the piece of land and constructed the flats to earn 650k with his salary. I know because I was employed for a while and my net earnings were more than the 65k he is earning. Let him continue doing what he was doing to earn the money to construct flats. He used his inheritance and savings to buy the land.That is what he told me but anyway, I didnt really ask for the information on how he bought the land. Where I come from, questions like those could get you killed. He can get you killed for asking questions and he is your friend. How bad can your enemies be?!  kuweni wapole!
60% Learning, 30% synthesizing, 10% Debating
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Thitifini wrote:kaka2za wrote:S.Mutaga III wrote:sparkly wrote:S.Mutaga III wrote:You guys perhaps got me wrong. The guy disposed a piece of land at an insane amount. He has completed several flats with the proceeds to generate for him enough income to support his current lifestyle. His corporate job earns him peanuts and he feels that it is time to call it quits anyway. He figures that since 90% of his networth is already in real estate, and his papers are intact, he can safely venture into enterprenuership to pursue his dream. After all, earning 65k net with such a networth is slavery and stupid. He thinks there is better use of his time now. Please note that the rent from his projects is more than 10 times his net salary and he has no loans. Doesn't add up. He earns 65k net but has flats earning him 650k net? There is a 0% chance that he bought the piece of land and constructed the flats to earn 650k with his salary. I know because I was employed for a while and my net earnings were more than the 65k he is earning. Let him continue doing what he was doing to earn the money to construct flats. He used his inheritance and savings to buy the land.That is what he told me but anyway, I didnt really ask for the information on how he bought the land. Where I come from, questions like those could get you killed. He can get you killed for asking questions and he is your friend. How bad can your enemies be?! kuweni wapole!
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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600k a month? Go to eqty ask for a loan of 16m .build another flat to give you another 650k.total will be 1.2. Let both houses repay loan in 20 months as he is working earning 65k. After two years boom ,u r a millionaire and loan free
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Rank: Member Joined: 5/31/2009 Posts: 226
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Good mentors here does anyone know of a place i can get a plot to buy and build 1-2bedroomed apartment block in an decent neighbourhood that can fetch 18-25000 rent pm budget4-5m. My opinion a business that can net 1m profit its possible if he can establish a hotel or fast food in town or get a franchise of one of the Major world brands like Macdonalds. java, artcaffee and pizza inn are raking in some serious cash as the Nairobi middle class expands but the investments required are 30-40m. 6m will hardly get near 400k pm.
In a restaurant 40% of sales is normally profit if he can average 100k a day in sales that comes to roughly 2.4m pm assuming 6days operation 900k-1m monthly
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Rank: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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premio wrote:Good mentors here does anyone know of a place i can get a plot to buy and build 1-2bedroomed apartment block in an decent neighbourhood that can fetch 18-25000 rent pm budget4-5m. My opinion a business that can net 1m profit its possible if he can establish a hotel or fast food in town or get a franchise of one of the Major world brands like Macdonalds. java, artcaffee and pizza inn are raking in some serious cash as the Nairobi middle class expands but the investments required are 30-40m. 6m will hardly get near 400k pm.
In a restaurant 40% of sales is normally profit if he can average 100k a day in sales that comes to roughly 2.4m pm assuming 6days operation 900k-1m monthly 40% ?! Do you have actual ' experience with such margins? Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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kaka2za wrote:premio wrote:Good mentors here does anyone know of a place i can get a plot to buy and build 1-2bedroomed apartment block in an decent neighbourhood that can fetch 18-25000 rent pm budget4-5m. My opinion a business that can net 1m profit its possible if he can establish a hotel or fast food in town or get a franchise of one of the Major world brands like Macdonalds. java, artcaffee and pizza inn are raking in some serious cash as the Nairobi middle class expands but the investments required are 30-40m. 6m will hardly get near 400k pm.
In a restaurant 40% of sales is normally profit if he can average 100k a day in sales that comes to roughly 2.4m pm assuming 6days operation 900k-1m monthly 40% ?! Do you have actual ' experience with such margins? You will get 40% if you have fast food joints located in a good location and grow your own potatoes
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