wazua Wed, Jan 8, 2025
Welcome Guest Search | Active Topics | Log In | Register

2 Pages<12
Possible or unrealistic?
MaichBlack
#21 Posted : Thursday, August 04, 2016 7:59:46 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
@M Karoki - First of all CONGRATULATIONS!!! You've got a good head on your shoulders. Let no one dissuade you from doing business even for a second. Let me break down my advice.

Start the business after doing due diligence and start it next to your campus JKUAT. It will be easier to manage and keep track of the goings on when you are near the business. Some people here will argue that you are flooding the market (near JKUAT). That's none of your business! (pun intended). If you are happy with your projections, then how many other similar businesses are around and who started first is none of your business. Your concern should only be if you will get the desired returns given all the variables.

The second reason I think you should start the business next to JKUAT is numbers. The other Universities you have mentioned - Kirinyaga, Murang'a etc. are very small compared to JKUAT. The whole university might the size of a JKUAT department (or school). You are better off competing around JKUAT. KU also has numbers and is also near you - you can do a feasibility study.

Third. Your clients are most likely going to be self sponsored students. With all due respect, they are mostly the ones with "money to burn". Government sponsored students are from all backgrounds - rich to humble backgrounds. And given the income distribution in Kenya you can do your guesstimates. You can bet in Universities like Kirinyaga and Murang'a, approximately 95% of the students are government sponsored. Universities like UON, KU and JKUAT have a very huge number of self sponsored students - up to 70%. Most of these students live outside campus and have much more spending money!

Fourth - Universities like UON, KU and JKUAT that have more Self Sponsored students than government sponsored students operate on Tri-Semester basis guaranteeing you income all year round. I am willing to bet the likes of Kirinyaga and Murang'a universities operate only two semesters a year meaning 5 months a year your business will be at almost zero!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#22 Posted : Thursday, August 04, 2016 9:46:52 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
And now to the hustler business and a hustler apparently always being a hustler!

One, your education need not suffer because of a business or two. A vast majority of university students nowadays spend most of their time partying, on social media, downloading and watching the latest movies and series etc. When a smart student starts something on the side, and you seem like one, it is these social stuff that suffers. You will probably be even more focused and organized because you don't have "all the time" like the rest. You can study and work/run a business. People do it every time all over the world. You just need to be disciplined and organized. Ni vile wakenya walikuwa wamezoea kupigia mzazi simu awatumie pesa ya kununua socks!!

Two. Do "University hustlers" become hustlers for life? Yes and No. No because there are those who choose to get employed and live happily ever after. No because there are those who CHOOSE NOT TO GET EMPLOYED. Let me focus on the later category. A proper "University hustler" is not a fellow to wait for graduation and certificates to be out to start applying for jobs. Their brains work over time and they will see numerous business/hustling opportunities long before the graduation day. By the time they are putting on the gown, they will be making much more or on the way to making much more than the fellow who would be interviewing them makes. They totally lose interest in getting employed because they are making multiples of the best offer they could get, work flexible hours and they can see themselves making even much more in the not so distant future.

Now, the fellow who was taken by PricewaterhouseCoopers straight out of Campus as a Graduate Trainee meets them wearing a T Shirt and jeans while he is in a suit and tie (not fully paid for) and feels sorry for them. He compares his Smart Phone to theirs and the fact he is carrying a (company issued) laptop and thinks he is the one who made it. Unknown to him, the T Shirt fellow is probably worth millions, doesn't need to wear a suit and is probably his landlord!

The problem with some salaried Kenyans (not all), they think the guys doing their own thing are suffering or are doing so because they have no option. There is a lady I know who got a First Class and is very good in her field. I wanted to recommend her for a job and she respectfully declined. She didn't even want to know the salary yet it was a company "with a name". And what does she do? She works online!! She started while she was in Campus and because of good ratings, her accounts (two) have the highest possible rating and certain repeat clients request for specific people (including her) to do their jobs. She told me she easily makes upto 15,000/= by noon some days and she actually selectively picks jobs. She could make more if she wanted - pick more jobs, work more hours. She has started farming like you on the side (I guess for the love of it) and even employed people - on the farm, sales etc. but she keeps getting a familiar question "Haujawahi pata kazi?"

Please note: I am not saying between employment and business/hustling there is one that is better than the other one. It depends on very many variables - The individual, goals, plans, type of job/hustle/business, values/perceptions etc. Whatever floats your boat might not be what floats the next guy's boat. I just wanted to counter this perception that Campus Hustlers are forced by circumstances to be perpetual hustlers.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#23 Posted : Thursday, August 04, 2016 9:56:52 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
@M Karoki

This might not be directly related to your question but is a good read. I thought I should share.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#24 Posted : Thursday, August 04, 2016 10:45:51 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
And before anyone discourages you from starting a business while in campus make sure you read this!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
sparkly
#25 Posted : Friday, August 05, 2016 10:18:41 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
What's with the monologue?
Life is short. Live passionately.
aemathenge
#26 Posted : Saturday, August 06, 2016 11:43:42 AM
Rank: Elder


Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
sparkly wrote:
What's with the monologue?

Tiger has impressed him (us) in a big way.

In this miserable world where brats are lighting dorms and drinking themselves silly, in him we see a future that is not so dark after all for our youth.
M Karoki
#27 Posted : Saturday, August 06, 2016 4:52:57 PM
Rank: New-farer


Joined: 7/6/2016
Posts: 17
Location: Nairobi
MaichBlack wrote:
@M Karoki - First of all CONGRATULATIONS!!! You've got a good head on your shoulders. Let no one dissuade you from doing business even for a second. Let me break down my advice.

Start the business after doing due diligence and start it next to your campus JKUAT. It will be easier to manage and keep track of the goings on when you are near the business. Some people here will argue that you are flooding the market (near JKUAT). That's none of your business! (pun intended). If you are happy with your projections, then how many other similar businesses are around and who started first is none of your business. Your concern should only be if you will get the desired returns given all the variables.

The second reason I think you should start the business next to JKUAT is numbers. The other Universities you have mentioned - Kirinyaga, Murang'a etc. are very small compared to JKUAT. The whole university might the size of a JKUAT department (or school). You are better off competing around JKUAT. KU also has numbers and is also near you - you can do a feasibility study.

Third. Your clients are most likely going to be self sponsored students. With all due respect, they are mostly the ones with "money to burn". Government sponsored students are from all backgrounds - rich to humble backgrounds. And given the income distribution in Kenya you can do your guesstimates. You can bet in Universities like Kirinyaga and Murang'a, approximately 95% of the students are government sponsored. Universities like UON, KU and JKUAT have a very huge number of self sponsored students - up to 70%. Most of these students live outside campus and have much more spending money!

Fourth - Universities like UON, KU and JKUAT that have more Self Sponsored students than government sponsored students operate on Tri-Semester basis guaranteeing you income all year round. I am willing to bet the likes of Kirinyaga and Murang'a universities operate only two semesters a year meaning 5 months a year your business will be at almost zero!


@Maichblack
Thanks so much! This has really opened up my mind on better ideas on the same business idea.

I agree with you on the issue on these other campuses and the success of the business. I had considered the issue on the self sponsored students quite much BTW and them being few in the campuses mentioned and the Issue of the cost of living being cheaper upcountry hence most students would find it hard to "burn" that 50 bob.

Also, employment might sound good but seeing what some friends who've graduated are getting,doesn't entice anymore.
Was talking with my father some few months ago and he was really against the idea of employment considering what he went thru to get my older brother a JOB. Also the idea of a daily schedule for the whole year,one that never changes is really not what some us would want.

Anyone with info on taxes on bicycles? Was thinking of importing second hand bikes from a country in Europe.
Is it worth it tho? Considering one is getting very nice bikes that haven't worn out as those one would get locally?
Talking of about 30 bikes.

And thanks for the great articles @Maich. Really motivating.
There's no WORSE enemy than a man with limited resources,he's got NOTHING to lose.
MaichBlack
#28 Posted : Saturday, August 06, 2016 6:12:32 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Welcome @M Karoki. Keep up the spirit. Your country needs you. We need people like you in our country. Don't let anyone extinguish your flame or tamper your ambition.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#29 Posted : Saturday, August 06, 2016 6:19:05 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
aemathenge wrote:
sparkly wrote:
What's with the monologue?

Tiger has impressed him (us) in a big way.

In this miserable world where brats are lighting dorms and drinking themselves silly, in him we see a future that is not so dark after all for our youth.

Tell him @aemathenge. This young Kenyan proves there is hope in a country full of brats with an unbelievable sense of entitlement and who do nothing meaningful with their lives.

We should all encourage and support such Kenyans.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
aemathenge
#30 Posted : Sunday, August 07, 2016 8:45:50 AM
Rank: Elder


Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
This Bicycle Is Protected By The Blood Of Jesus Christ And Insured By APA Insurance

Good morning Tiger.

I take it that yesterday’s business unit Daily Reports have it that the businesses are doing well.

Go to Church today.

Pray for your businesses.

Tomorrow, visit several insurance firms and ask them for quotations for your business assets.

In addition, visit each firm’s advertisement or marketing department and ask them how much they will pay you for them to place adverts on your bicycles.

Like the one above.
hardwood
#31 Posted : Sunday, August 07, 2016 11:20:46 AM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Quote:
Ecclesiastes 3:1 There is a time for everything, and a season for every activity under the heavens.


A season to study, and a season to work. And you are currently in the study season of your life. Be the best student you can ever be. Then after graduation you can choose to be the best "bicycle man" there can ever be. Make maximum use of each season. You will never regret.

“The man who chases two rabbits, catches neither.” - Confucius.


Users browsing this topic
Guest (3)
2 Pages<12
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2025 Wazua.co.ke. All Rights Reserved.