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young farmer
#1 Posted : Thursday, December 25, 2014 7:59:00 AM
Rank: New-farer

Joined: 9/25/2012
Posts: 58
Location: kenia
My best friend was fired recently from his job. He has saving of 5 million KES, i advice him to try matatu business but he is little scared. I need your help wazuan with any business idea which is less risk. Thank you
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jerry
#2 Posted : Thursday, December 25, 2014 1:35:09 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
If he is not a driver I would advise on something else other than Matatu biz. Maybe a semi-trailer which is less risky. He can even serve as a manager or turn-boy! It's also advisable to do what you are passionate about.
The opposite of courage is not cowardice, it's conformity.
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Kalameni
#3 Posted : Thursday, December 25, 2014 2:48:17 PM
Rank: New-farer

Joined: 9/20/2010
Posts: 80
buy a nice plot and proceed to construct rentals.
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Boris Boyka
#4 Posted : Thursday, December 25, 2014 8:48:58 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
young farmer wrote:
My best friend was fired recently from his job. He has saving of 5 million KES, i advice him to try matatu business but he is little scared. I need your help wazuan with any business idea which is less risk. Thank you

Ni mtu wa coop? just by the way. Where is he/she based or wants to be based? because that could determine kind of business. Matatu needs a lot of monitering...search for matatu thread. A plot@ 1 M, 2 units of 2 b/r, rem kama 1 M aweke kwa stocks.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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digitek1
#5 Posted : Thursday, December 25, 2014 9:01:54 PM
Rank: Veteran

Joined: 2/3/2010
Posts: 1,797
Location: Kenya
pole @young farmerLaughing out loudly welcome to juakalismile
I may be wrong..but then I could be right
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young farmer
#6 Posted : Thursday, December 25, 2014 10:58:28 PM
Rank: New-farer

Joined: 9/25/2012
Posts: 58
Location: kenia
jerry wrote:
If he is not a driver I would advise on something else other than Matatu biz. Maybe a semi-trailer which is less risky. He can even serve as a manager or turn-boy! It's also advisable to do what you are passionate about.



Good advice, about semi-trailer how do you go about getting contract/loads and to recoup your money back. Thank you
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young farmer
#7 Posted : Thursday, December 25, 2014 11:05:42 PM
Rank: New-farer

Joined: 9/25/2012
Posts: 58
Location: kenia
digitek1 wrote:
pole @young farmerLaughing out loudly welcome to juakalismile


Juakali that is where money is..Applause Applause
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young farmer
#8 Posted : Friday, December 26, 2014 12:54:43 AM
Rank: New-farer

Joined: 9/25/2012
Posts: 58
Location: kenia
Boris Boyka wrote:
young farmer wrote:
My best friend was fired recently from his job. He has saving of 5 million KES, i advice him to try matatu business but he is little scared. I need your help wazuan with any business idea which is less risk. Thank you

Ni mtu wa coop? just by the way. Where is he/she based or wants to be based? because that could determine kind of business. Matatu needs a lot of monitering...search for matatu thread. A plot@ 1 M, 2 units of 2 b/r, rem kama 1 M aweke kwa stocks.


Based in Nairobi, no coop where do you get plot for 1M in nairobi??
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bubethi
#9 Posted : Friday, December 26, 2014 7:35:58 AM
Rank: Member

Joined: 9/17/2006
Posts: 94
young farmer wrote:
jerry wrote:
If he is not a driver I would advise on something else other than Matatu biz. Maybe a semi-trailer which is less risky. He can even serve as a manager or turn-boy! It's also advisable to do what you are passionate about.



Good advice, about semi-trailer how do you go about getting contract/loads and to recoup your money back. Thank you


Semi-trailer is not a business for a start-up. I'd rather he starts with a small truck and build his way up to the semi-trailer business.

Margins ni kidogo, far spread and it takes time to build trust with customers.
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oops
#10 Posted : Friday, December 26, 2014 6:18:44 PM
Rank: Member

Joined: 10/23/2008
Posts: 234
I have heard of banks financing flats construction when one owns a good plot and 3M cash. anyone with details of this?
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