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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
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Joined: 9/20/2010
Posts: 79
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
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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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Bachuma Gate
#11 Posted : Saturday, December 27, 2014 6:13:38 PM
Rank: Member


Joined: 3/26/2012
Posts: 280
young farmer with 1.5M i can link yu up to an 1/8 commercial plot at nazarene. yu could do car wash, pub or small shops to let etc .
DOH
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kyt
#12 Posted : Sunday, December 28, 2014 3:09:37 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
oops wrote:
I have heard of banks financing flats construction when one owns a good plot and 3M cash. anyone with details of this?

its called construction mortgage, and it's not limited to 3M, it can even be upto 10M; BOA has that facility at 17%, KCB it's 15%
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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S.Mutaga III
#13 Posted : Sunday, December 28, 2014 8:47:35 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
Invest in rental property in a small town away from Nairobi or those areas where an 1/8th goes for 500k and are still populated. Build rental property with the remaining 3.2 million. The remaining one million hold 600k cash and 400k start a business after deep research. He will be surprised at how rewarding entrepreneurship is. The real estate will guarantee him something in his account every month regardless of the business environment.
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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kiash
#14 Posted : Tuesday, January 06, 2015 12:53:47 PM
Rank: Veteran


Joined: 4/27/2010
Posts: 951
Location: Nyumbani
He/she can start by buying and selling plots like Sonko did and in ten years or so can have your own Hummers in MBS


https://www.youtube.com/watch?v=YL8ZvfuR02A
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ayushnehra
#15 Posted : Sunday, January 25, 2015 12:43:19 AM
Rank: Member


Joined: 1/4/2015
Posts: 153
tell him niko na 5.. a lete hio 5..tuweke sisal..kazi ya export i anze..!!

we shall Print Money..http://www.howwemadeitinafrica.com/sisal-production-akin-to-printing-money-suggests-metl-group-boss/44168/

Actually even 4+4=8 tutaweza..http://www.nation.co.ke/business/seedsofgold/Sisal-Exports-Reuben-Okang-a-Oba-Kunta-African-Exports/-/2301238/2363998/-/bfe3dmz/-/index.html


Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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Ceinz
#16 Posted : Sunday, January 25, 2015 9:41:53 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
S.Mutaga III wrote:
Invest in rental property in a small town away from Nairobi or those areas where an 1/8th goes for 500k and are still populated. Build rental property with the remaining 3.2 million. The remaining one million hold 600k cash and 400k start a business after deep research. He will be surprised at how rewarding entrepreneurship is. The real estate will guarantee him something in his account every month regardless of the business environment.


Good advice, that will not leave you in tears.
“small step for man”
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premio
#17 Posted : Sunday, January 25, 2015 9:47:43 PM
Rank: Member


Joined: 5/31/2009
Posts: 226
well hes lucky hes got some good cash. My advise first if he has a plot ajenge a 1m2bedroom house he stops paying rent. Let him cut costs kabisa if he has a car he either sells or iwe taxi or he moves to a 10k house for now. restruants are really doing well let him pay brokers to get him a good location. i have no experience but i know small cafes making 30k daily in town poach staff from established hotels not akina hilton but place ya food and tea and he must work there to cut costs.Car imports is another profitable business that he can do for not and make 300k every 2months with only 3m i can show him but with consultation fees been doing it for 4years am employed but i can afford to qui t now only that u need to know how to market and choose fast moving models. The advantage of car imports is that you can quit very quickly by just selling the stocks you have when u get another option. My advise to guys try get business exposure while u still have your job
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UpcomingPaperChaser
#18 Posted : Monday, January 26, 2015 10:53:55 AM
Rank: Member


Joined: 1/20/2015
Posts: 489
Location: Nairobi
As someone mentioned earlier pertaining to a restaurant, its true that they make really good cash. A good market is Zimmerman area whereby there is a huge population but no decent restaurant where u can eat comfortably with your family over dinner or lunch. Hoteli zote ni chwom!! Whoever will launch a nice and presentable middle-high end restaurant within the area will make super normal profits!! Sudanese population growing and they feel offended buying lunch for 100 in these chwon resturants while they can comfortably pay 500!!!
Enjoy every moment of your life, you never know when your time will come.
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UpcomingPaperChaser
#19 Posted : Monday, January 26, 2015 10:57:36 AM
Rank: Member


Joined: 1/20/2015
Posts: 489
Location: Nairobi
premio wrote:
well hes lucky hes got some good cash. My advise first if he has a plot ajenge a 1m2bedroom house he stops paying rent. Let him cut costs kabisa if he has a car he either sells or iwe taxi or he moves to a 10k house for now. restruants are really doing well let him pay brokers to get him a good location. i have no experience but i know small cafes making 30k daily in town poach staff from established hotels not akina hilton but place ya food and tea and he must work there to cut costs.Car imports is another profitable business that he can do for not and make 300k every 2months with only 3m i can show him but with consultation fees been doing it for 4years am employed but i can afford to qui t now only that u need to know how to market and choose fast moving models. The advantage of car imports is that you can quit very quickly by just selling the stocks you have when u get another option. My advise to guys try get business exposure while u still have your job


@Premio, what is the least amount of capital required to start car importation business? can u risk and import 1 car and hope that u are able to sell it then proceed slowly?

I know a relative who sells cars, and is really doing well, he at times sells upto 8-10 cars per month na ni zile gari za uzito za 2 miliion, Noah, Mini buses and the likes!!! i know the guy must be stinking rich, though ni miser sana!!
Enjoy every moment of your life, you never know when your time will come.
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kryptonite
#20 Posted : Monday, January 26, 2015 12:56:07 PM
Rank: Member


Joined: 2/1/2010
Posts: 272
Location: Nairobi
UpcomingPaperChaser wrote:
premio wrote:
well hes lucky hes got some good cash. My advise first if he has a plot ajenge a 1m2bedroom house he stops paying rent. Let him cut costs kabisa if he has a car he either sells or iwe taxi or he moves to a 10k house for now. restruants are really doing well let him pay brokers to get him a good location. i have no experience but i know small cafes making 30k daily in town poach staff from established hotels not akina hilton but place ya food and tea and he must work there to cut costs.Car imports is another profitable business that he can do for not and make 300k every 2months with only 3m i can show him but with consultation fees been doing it for 4years am employed but i can afford to qui t now only that u need to know how to market and choose fast moving models. The advantage of car imports is that you can quit very quickly by just selling the stocks you have when u get another option. My advise to guys try get business exposure while u still have your job


@Premio, what is the least amount of capital required to start car importation business? can u risk and import 1 car and hope that u are able to sell it then proceed slowly?

I know a relative who sells cars, and is really doing well, he at times sells upto 8-10 cars per month na ni zile gari za uzito za 2 miliion, Noah, Mini buses and the likes!!! i know the guy must be stinking rich, though ni miser sana!!


@Premio, also interested in knowing the minimum capital one needs to start off in the vehicle importing business.

Your advise is highly appreciated.
The harder you work, the luckier you get
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