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Nimeacha this Mat business for good now
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me&myself
#31 Posted : Tuesday, September 06, 2011 6:18:26 PM
Rank: New-farer

Joined: 7/22/2010
Posts: 15
Location: Nairobi
Ali:

Am also in transport but not Mat and operating on contracts. I am 8 to 7 and alot of travel. However technology has been my best friend. Installed tracking and ensured that the everyone knows they are tracked. You also calculate the fuel consumption and stick to it.
This for me has cut out any misuse, able to tell exact location on my phone and able to keep the units within defined work area.
That said bado utapata wajanja na watakuchanua ukiwaangalia... so i let someone get away once but not the second time....i don't entertain stories...

My 2 cents.
even as you keep the one you are left with use technology as you look for another venture use the learning's from the Mat buz.
"don't entertain stories"
Do things simply;
Even better,
Do simple things
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bwenyenye
#32 Posted : Wednesday, September 07, 2011 1:50:05 PM
Rank: Elder

Joined: 5/24/2007
Posts: 1,805
ali.. I love your fighting spirit. You may be down financially but you are better off that when you began businesswise. At least, now you know several ways of how NOT to do things. My bet is you will get back to mat business maybe with more organised systems like KBS and you will take off since you know the game better.

This is life. It happens. You keep walking.
I Think Therefore I Am
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mzeekijana
#33 Posted : Sunday, September 11, 2011 12:07:25 PM
Rank: Member

Joined: 11/12/2010
Posts: 111
Location: MOMBASA
Wamutonyi wrote:


@ali
..Try something else as you have been advised by others. I personally prefer real estate after quitting stock exchange.

@Wamuto....Can u kindly tell us how u started &where u r now...Iam thinkn of quitting stocks too..
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Tebes
#34 Posted : Tuesday, September 13, 2011 4:46:31 PM
Rank: Elder

Joined: 11/26/2008
Posts: 2,097
Some businesses require your undivided attention and personal involvement. Its difficult to run your matatu business while miles away, or by proxy, huwesmek. Moreso if you employ relatives, they will milk you till you can only produce powdered milk (ie milk you dry) and there is little you can do with them. Most matatu drivers usually end up buying their own.

If you have to venture into this b/s be the driver, or conductor or at least be available 24/7 for immediate instance requiring financial expenditure.
"Never regret, if its good, its wonderful. If its bad, its experience."
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keke2
#35 Posted : Wednesday, September 14, 2011 3:40:55 PM
Rank: New-farer

Joined: 5/31/2011
Posts: 89
mzeekijana wrote:
Wamutonyi wrote:


@ali
..Try something else as you have been advised by others. I personally prefer real estate after quitting stock exchange.

@Wamuto....Can u kindly tell us how u started &where u r now...Iam thinkn of quitting stocks too..

@ Mzeekijana, I wont advice anyone to quit stocks at this time yet Real Estate is the place to be now.

@Ali,consider Real Estate
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Impunity
#36 Posted : Wednesday, September 14, 2011 5:05:13 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
keke2 wrote:
mzeekijana wrote:
Wamutonyi wrote:


@ali
..Try something else as you have been advised by others. I personally prefer real estate after quitting stock exchange.

@Wamuto....Can u kindly tell us how u started &where u r now...Iam thinkn of quitting stocks too..

@ Mzeekijana, I wont advice anyone to quit stocks at this time yet Real Estate is the place to be now.

@Ali,consider Real Estate


Real estate hata kama ni nyumba ya mabati akam za Sinai
Breakeven in 3 months PAP!smile

Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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tonicasert
#37 Posted : Saturday, September 17, 2011 5:45:09 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Take it as a lesson, and move on. I remember you mentiuoned sometime back ur in this busn I thought its too good. I have a relative who is in the mat busn, and he told me best thing is to be the driver or conductor in this busn as Tebes mentioned. (He is the driver in this case)

I had a cyber when I was in college back in 97-98, but I had to sell it off when some crooked telkom guys started pushing my bills higher than I made profit. I sold it off, and learnt one thing - when the going gets tough, bail out and look for other opportunities. Run while you still can. Other opportunities will come, but they willl find you with wider eyes.
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jerry
#38 Posted : Sunday, September 18, 2011 12:16:40 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
ProverB wrote:
ali wrote:
That biz has refuse to add up. It bring x amount. It soon ask for x+2 amount.i'm left minus 2. Tried no 30, moved to 44 and finally, ruiru 145. I raise my white flag! Greenhse? Tell me, biz i do on the side, i'm an 8am to 5pm. I grow things then where to sell? Time to sell? Mat: manager, driver/crew, polisi wanalipa daily. Route sacco, constant penalties, 'mechanical issues', ai, i need some peace. Always checking bal kwa my bank via sms to check kama pesa imewekwa, wapi! Hakuna. Nxt, pesa wanted for this, for that. Zimeshikwa, yes we take cash daily kwa 'mkubwa' Argh!


Thanx for the heads up. smile
was already layin foundation to enter the Mat business.

Very timely input indeed.

Thanks.

shuttle iko na less hustle. Ama 4NT. I mean there r organised saccos.
The opposite of courage is not cowardice, it's conformity.
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sparkly
#39 Posted : Sunday, September 18, 2011 8:05:32 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
A close relative had dreams of dominating rt 46, huruma. He took a 1.4m sacco loan and bought a tyt hiace. Things were going well until the mat was hijacked by armed gangsters never to be seen again. Sadly he had not taken a comprehensive insurance. Now he almost gets seizures when you say 'matatu' in his presence.

Many people assume a business idea will work just because someone else is doing it. They don't bother to identify all risks and how they can mitigate them.

They don't do a feasibility study for the business. They have no financial plans, marketing plans, operational plans, pricing plans but expect to collect money from day one by the tonnes!

They don't know when they break or when a project should be discontinued or sold off!

Dear brothers and sisters of wazua. Your project has to succeed on paper before it can succeed on the ground. Inolve professionals at this stage if you have to.
Life is short. Live passionately.
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ali
#40 Posted : Sunday, September 18, 2011 9:20:20 PM
Rank: Veteran

Joined: 6/11/2008
Posts: 892
Dear sparkly, very wise there you have said. Bt i also know something, paper isnt enough..kenya's informal sector, you need some ground experience.,or atleast partner with someone who is fully there. What encourages me is that sooner than later, i will find my proper footing and curve my niche..that i know.
For in him (Jesus) we live and move and have our being-Acts 17:28
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