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Business Corner
KERUJAMES
#1 Posted : Saturday, March 08, 2014 9:22:14 AM
Rank: New-farer


Joined: 3/5/2014
Posts: 59
Location: Nairobi
As you know, Kenya is a tough place to survive in. With joblessness quickly becoming the order of the day, it is important we keep innovating and coming up with new business ideas.

Do you have a business idea that you'd like to share with the rest of us? I personally have ten ideas that I'll be sharing on this thread from time to time. smile
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Buster
#2 Posted : Saturday, March 08, 2014 10:34:16 AM
Rank: Veteran


Joined: 5/17/2007
Posts: 1,345
Ok. Start today. Being a weekend we will have time to discuss the ideas.
KERUJAMES
#3 Posted : Saturday, March 08, 2014 12:43:20 PM
Rank: New-farer


Joined: 3/5/2014
Posts: 59
Location: Nairobi
Tip One: How to invest KSH 100,000: Setting up a small (professional) gym in Roysambu or Zimmerman.You hire a single room for 5-7K. Buy a few gym equipment. Link up with the working class and offer to train them on some basics e.g dumbbell lifting, crunches and jogging etc. Charge them a start-up price of Ksh1000 per month. Do it professionally and ensure the highest quality of standards and discipline. How About That!
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vky
#4 Posted : Saturday, March 08, 2014 1:32:08 PM
Rank: Member


Joined: 6/17/2010
Posts: 572
KERUJAMES wrote:
Tip One: How to invest KSH 100,000: Setting up a small (professional) gym in Roysambu or Zimmerman.You hire a single room for 5-7K. Buy a few gym equipment. Link up with the working class and offer to train them on some basics e.g dumbbell lifting, crunches and jogging etc. Charge them a start-up price of Ksh1000 per month. Do it professionally and ensure the highest quality of standards and discipline. How About That!

in the gym business 100k wont hack it
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
KERUJAMES
#5 Posted : Saturday, March 08, 2014 7:49:00 PM
Rank: New-farer


Joined: 3/5/2014
Posts: 59
Location: Nairobi
Tip Two: Online Marketing. But in that case you need to meet the pros. By pros I mean people like Akowally (FreelancerKenya) Caesar (EPay Kenya). With internet marketing you can start off with 0 bob. LOL.
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Swenani
#6 Posted : Monday, March 10, 2014 3:24:09 PM
Rank: User


Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
vky wrote:
KERUJAMES wrote:
Tip One: How to invest KSH 100,000: Setting up a small (professional) gym in Roysambu or Zimmerman.You hire a single room for 5-7K. Buy a few gym equipment. Link up with the working class and offer to train them on some basics e.g dumbbell lifting, crunches and jogging etc. Charge them a start-up price of Ksh1000 per month. Do it professionally and ensure the highest quality of standards and discipline. How About That!

in the gym business 100k wont hack it


Gym equipments are expensive.You need a minum of 500K if you want to set up basic gym with second hand equipments
If Obiero did it, Who Am I?
KERUJAMES
#7 Posted : Monday, March 10, 2014 8:43:44 PM
Rank: New-farer


Joined: 3/5/2014
Posts: 59
Location: Nairobi
Yes, indeed that one I agree, you need at least 500k for a professional gym. Tip three: Planting and selling sorghum. If one finds market with EABL that would be a pretty nice deal.
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kysse
#8 Posted : Monday, March 10, 2014 9:03:29 PM
Rank: Elder


Joined: 1/17/2013
Posts: 4,693
Location: Earth
KERUJAMES wrote:
Tip One: How to invest KSH 100,000: Buy a few gym equipment

KERUJAMES wrote:
you need at least 500k for a professional gym.


Now why are you discombobulated?
Keep us within the 100k budget or set a realistic target.



KERUJAMES
#9 Posted : Monday, March 10, 2014 10:09:13 PM
Rank: New-farer


Joined: 3/5/2014
Posts: 59
Location: Nairobi
kysse wrote:
KERUJAMES wrote:
Tip One: How to invest KSH 100,000: Buy a few gym equipment

KERUJAMES wrote:
you need at least 500k for a professional gym.


Now why are you discombobulated?
Keep us within the 100k budget or set a realistic target.




Hi, I'm just producing ideas for evaluation, if they're deemed unrealistic, I scrap them. I would also like to read some ideas from you.
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icecube
#10 Posted : Monday, March 10, 2014 10:42:52 PM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi
Ksh 100K looks small but there is something it can do. How about starting an online shop? or online classified advert website like pigiame.com, OLX, and others? Starting small and growing is the safest.
mauryc
#11 Posted : Monday, March 10, 2014 11:02:32 PM
Rank: New-farer


Joined: 11/21/2010
Posts: 50
Location: nairobi
Anyone ever thought of starting a butchery? What are the margins? Pros and cons?
Swenani
#12 Posted : Tuesday, March 11, 2014 10:32:35 AM
Rank: User


Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
mauryc wrote:
Anyone ever thought of starting a butchery? What are the margins? Pros and cons?


Its extremely profitable with low start up capital as long as you are in a strategic position.

I used to run one in dagoretti corner but decided to sell it off since i didnt have a honest person to run it.He used to buy and sell his own stock at my expenses yet am the one who was paying rent, He could inflate the buying price or just buy bad meat.
My monthly running expenses were as below
1.Rent:8K
2.Salary:15K
3.Bad stock and shortages:15K
4.Miscellaneous (water, electricity and filing)-5K
5.My fuel( to check on the bugger):5K

I never had a freezer to store meat since i didn't see the need for it;I used to buy stock thrice per week.

The buying price per kg ranged between 230-250 depending on the days and selling price was 360.

I used to make an average sales of 30Kgs per day with monthly net profit of 50k-60K


If Obiero did it, Who Am I?
faa
#13 Posted : Tuesday, March 11, 2014 10:39:06 AM
Rank: Member


Joined: 5/8/2007
Posts: 709
mauryc wrote:
Anyone ever thought of starting a butchery? What are the margins? Pros and cons?


A friend of mine started a butchery business in Kangemi.

Christmas came early for his kids.Laughing out loudly Laughing out loudly
Rankaz13
#14 Posted : Tuesday, March 11, 2014 12:26:10 PM
Rank: Elder


Joined: 5/21/2013
Posts: 2,841
Location: Here
faa wrote:
mauryc wrote:
Anyone ever thought of starting a butchery? What are the margins? Pros and cons?


A friend of mine started a butchery business in Kangemi.

Christmas came early for his kids.Laughing out loudly Laughing out loudly


Laughing out loudly Laughing out loudly Laughing out loudly
Life is like playing a violin solo in public and learning the instrument as one goes on.
KERUJAMES
#15 Posted : Tuesday, March 11, 2014 2:59:51 PM
Rank: New-farer


Joined: 3/5/2014
Posts: 59
Location: Nairobi
Rankaz13 wrote:
faa wrote:
mauryc wrote:
Anyone ever thought of starting a butchery? What are the margins? Pros and cons?


A friend of mine started a butchery business in Kangemi.

Christmas came early for his kids.Laughing out loudly Laughing out loudly


Laughing out loudly Laughing out loudly Laughing out loudly

The butchery idea sounds quite good in fact I really like it. I think I'm gonna give it a try after leaving campus.
Do you want a FREE ticket to an upcoming business mentorship meeting? Click on this link, LIKE and leave a comment claiming your FREE TICKET.
Swenani
#16 Posted : Tuesday, March 11, 2014 4:27:05 PM
Rank: User


Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
KERUJAMES wrote:
Rankaz13 wrote:
faa wrote:
mauryc wrote:
Anyone ever thought of starting a butchery? What are the margins? Pros and cons?


A friend of mine started a butchery business in Kangemi.

Christmas came early for his kids.Laughing out loudly Laughing out loudly


Laughing out loudly Laughing out loudly Laughing out loudly

The butchery idea sounds quite good in fact I really like it. I think I'm gonna give it a try after leaving campus.


Try it,If you can manage it yourself you can be a millionaire(asK mutua from umoja he brings in over 10cows and several mbuzi's per day).

The start up capital is not intensive; You just need to find a small room near strategic place,have weighing machine,paint wors,hooks,wire mesh,medical certificate,business permit and you are ready.

Cleanliness is key in this business,Fumigate your building often
If Obiero did it, Who Am I?
mauryc
#17 Posted : Tuesday, March 11, 2014 5:19:55 PM
Rank: New-farer


Joined: 11/21/2010
Posts: 50
Location: nairobi
Swenani wrote:
mauryc wrote:
Anyone ever thought of starting a butchery? What are the margins? Pros and cons?


Its extremely profitable with low start up capital as long as you are in a strategic position.

I used to run one in dagoretti corner but decided to sell it off since i didnt have a honest person to run it.He used to buy and sell his own stock at my expenses yet am the one who was paying rent, He could inflate the buying price or just buy bad meat.
My monthly running expenses were as below
1.Rent:8K
2.Salary:15K
3.Bad stock and shortages:15K
4.Miscellaneous (water, electricity and filing)-5K
5.My fuel( to check on the bugger):5K

I never had a freezer to store meat since i didn't see the need for it;I used to buy stock thrice per week.

The buying price per kg ranged between 230-250 depending on the days and selling price was 360.

I used to make an average sales of 30Kgs per day with monthly net profit of 50k-60K




Thats a decent figure per month. You've mentioned low start up capital; approx how much would one need in terms of finances?
radio
#18 Posted : Tuesday, March 11, 2014 10:22:29 PM
Rank: Veteran


Joined: 11/9/2009
Posts: 2,003
Rankaz13 wrote:
faa wrote:
mauryc wrote:
Anyone ever thought of starting a butchery? What are the margins? Pros and cons?


A friend of mine started a butchery business in Kangemi.

Christmas came early for his kids.Laughing out loudly Laughing out loudly


Laughing out loudly Laughing out loudly Laughing out loudly


Ok. Did the meat fly off the shelves or ended up in his kids stomachs?
matata
#19 Posted : Wednesday, March 12, 2014 11:23:20 AM
Rank: Member


Joined: 11/7/2011
Posts: 410
How about poultry? the improved kienyeji breed? Who has tries it? Am thinking of starting in May
Bigchick
#20 Posted : Wednesday, March 12, 2014 3:21:15 PM
Rank: Elder


Joined: 2/8/2013
Posts: 4,068
Location: At Large.
faa wrote:
mauryc wrote:
Anyone ever thought of starting a butchery? What are the margins? Pros and cons?


A friend of mine started a butchery business in Kangemi.

Christmas came early for his kids.Laughing out loudly Laughing out loudly



This is what happened to my friend.

His meat would go bad like daily due to power outages despite having a fridge.

Then his workers workers would feed the same to estate dogs.

Over time like 2 weeks most dogs in the estate knew where to gather for a meal.

My friend got so incensed and closed the butchery.It was in Dohnholm.Todate if he comes across a stray dog even as far as Wangigi he is tempted to hot it with a stone thinking its heading to his butchery.

Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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