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Small Business Opportunities in Kenya

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SuraMbaya
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PostPosted: Sun Sep 23, 2007 5:09 pm    Post subject: Reply with quote
need i add more?, i don't think so. you got it Orgoiyot. no one could have said it straighter and clearly and i wish biikabkutit take your word for it. Say it again, say it loud and say it hard, may be our people will finally wake the *&^% up and take advantage of all the opportunities lying around them
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SuraMbaya
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PostPosted: Thu Sep 27, 2007 8:55 pm    Post subject: Reply with quote
by the way Orgoyot, i should have your avatar representing my image amun that's about as ugly as you can stretch it. Can I borrow it?
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Rokiha
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PostPosted: Sat Sep 29, 2007 4:40 am    Post subject: Reply with quote
I do concur with orgoyot observations. Apart from biikabkutit lacking in enterprenuership skills, we are also our own enemies we don't want to see our brother, sisters and neighbours succesding in anything they try their hands on.

And by the way they say a journeyof thousand mile starts with a step so same as a million shillings... you have to start from somewhere. So I for one I will say our people are trying hard they only need further education on enterprenuership,encouragement and motivation.
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SuraMbaya
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PostPosted: Sat Sep 29, 2007 7:35 pm    Post subject: Reply with quote
the biikabkutit i know like to stick around their ancestoral homes no matter what
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Rokiha
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PostPosted: Sun Sep 30, 2007 6:57 am    Post subject: Reply with quote
A good number also do fear taking risks. If they want to gain then they should be prepared to loose atimes...!!! Idea Idea
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altoo
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PostPosted: Thu Oct 04, 2007 5:33 pm    Post subject: Reply with quote
Rokiha wrote:
A good number also do fear taking risks. If they want to gain then they should be prepared to loose atimes...!!! Idea Idea


U damn right rokiha........the old saying still goes, "if Christopher Columbus wasn't willing to lose sight of his homeland, he wouldn't have discovered the Americas", Wink which is kinda funny coz i personally think the Native American Indians discovered the Americas first coz they ALREADY LIVED THERE when columbus washed up ashore......... but my point is, unless & until our biikabkutit folks decide to "step out of their comfort zones" & try something new, nothing is gonna change
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preciousA
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PostPosted: Tue Oct 16, 2007 7:41 pm    Post subject: like what? Reply with quote
name current good business opportunities
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Chemosi
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PostPosted: Tue Oct 16, 2007 9:42 pm    Post subject: Re: like what? Reply with quote
preciousA wrote:
name current good business opportunities


What is your initial Capital? and where would you like to base your business.
For the first question just give an estimate quote.
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preciousA
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PostPosted: Mon Oct 22, 2007 9:25 pm    Post subject: Reply with quote
based in kenya.... personally i would look at those with low to mid-level startup - but there are always ways of working around capital if the idea feels right ofcourse. But for the site sake and different preferences... lets say as far as capital anything goes- so lets hear it. I'm curious to hear what ppl in here would get/are into.
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Chemosi
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PostPosted: Tue Oct 23, 2007 12:09 am    Post subject: Reply with quote
preciousA wrote:
based in kenya.... personally i would look at those with low to mid-level startup - but there are always ways of working around capital if the idea feels right ofcourse. But for the site sake and different preferences... lets say as far as capital anything goes- so lets hear it. I'm curious to hear what ppl in here would get/are into.


Mark this down:Nakuru, Eldoret and Kericho.
As Nairobi becomes more populated things are bound to spill out to other smaller towns.
You need to position yourself not for the manna falling from heaven now but for the milk and honey that will be flowing five, ten even twenty years from now.
The number one investment with long term benefits is;
Real estate development or Property development please do not confuse this with real estate.

A real estate developer makes improvements of some kind to real property, thereby increasing its value. Typically acquire natural unimproved land or improved land,or redevelopable property near these three towns then construct building projects.
As they have always said Real estate development is first and foremost a cash flow business
I will update you on this soon.
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Last edited by Chemosi on Tue Oct 23, 2007 10:27 am; edited 1 time in total
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cheptabkoret
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PostPosted: Tue Oct 23, 2007 4:35 am    Post subject: Reply with quote
I will add, Kitengela, Athi River and Along Mombasa Road just before Machakos junction to that...., the value for the plots are still pocket friendly but the owners will soon have ideas.
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preciousA
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PostPosted: Thu Oct 25, 2007 9:20 pm    Post subject: Reply with quote
Kisumu too... the new capital city.
not a bad idea... definitely long term .. can't go in expecting to breakeven ama see returns anytime soon. and iz how we were left hanging? correct me if i'm wrong lakini it sounds like something you have to be very hands-on about if its to go where you want it to go.

remember the time almost everyone was trying to put a matatu on the road... halafu the trend died. Sijui what came next...
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Chemosi
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PostPosted: Thu Oct 25, 2007 10:26 pm    Post subject: Reply with quote
preciousA wrote:
Kisumu too... the new capital city.
not a bad idea... definitely long term .. can't go in expecting to breakeven ama see returns anytime soon. and iz how we were left hanging? correct me if i'm wrong lakini it sounds like something you have to be very hands-on about if its to go where you want it to go.

remember the time almost everyone was trying to put a matatu on the road... halafu the trend died. Sijui what came next...


Believe me Miss precious......A , my last advice started with these words "Mark this down:Nakuru, Eldoret and Kericho." Evidently you did not mark those towns since your plan is to move to other cities that are not going to be safe for your investments.
Matatus will break down, makangas need supervision, barabara zimeparara, askari mpaka walipwe kitukidogo that's why that type of business tanked out.
Now, Matatu has nothing on Real Estate Development , your property is your property. Get a very good contractor and make him sign a M.O.U so that the job is divided into different stages. Try as much as possible if you can not to prepay the contractor. Pay him with a bonus for every stage that is completed on time and in a satisfactory manner. Do not pay for the next stage if you were not satisfied with the previous stage. Human beings by nature love incentives, the bonus is an incentive to do a good job.
Make sure you have a standby contractor in case the first one starts to give you some silly excuses. To be on the safe side and of course be well informed, have an independent expat or at least somebody who has experience in that field with you all the time and every time you make your rounds/ inspection.
If you follow this little bit of advice you will find out that it will be easy for you to monitor your business and to be hands on from any where. If the job is divided into three stages then all you have to do is to go home only three times a year.
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Last edited by Chemosi on Fri Oct 26, 2007 9:16 am; edited 1 time in total
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cheptabkoret
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PostPosted: Fri Oct 26, 2007 2:50 am    Post subject: Reply with quote
chemosi are you trying to say we dispose of plots in places like kitengela?? or majimbo thing should be put into consideration!!! you are scaring me

and what about transport business, like lets say having a lorry that must have contracts with the manufacturing sectors or distributors agents???
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preciousA
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PostPosted: Fri Oct 26, 2007 4:53 pm    Post subject: Reply with quote
Chemosi.. Very Happy i hear u and i agree on a good number of things... ofcourse the last thing i'll be caught with is running a matatu thing.... thats even more hands on than real estate... and you can be easily swindled so its def not something ntaangalia, just naming trends was seeing when i left. maybe miraa biz Laughing jus kidding don't even start.
as for the city... Eldoret, Nakuru are viable, Kericho not so much. Growth rate for this town is not promising. And when u say safe.. are you talking in terms of having homeground factor ama what.. coz if not kila mahali is not safe even Eldi is gettign bad, we take risks.

Cheptabkoret... sidhani he is completely writing off all other areas, just advocating for the best placed areas to invest.

Orgoyot.... ulienda? howz the spreadsheet coming up
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cheptabkoret
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PostPosted: Sat Oct 27, 2007 7:25 am    Post subject: Reply with quote
I find the term small business to be relative,since what might be small for someone else is gigantic to another. I think if we define small in terms of a scale of capital investment, we will be in a better postion to know exactly what we are talking about and to be able to estimate ROI and hence make viable judgement.
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orgoyot
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PostPosted: Tue Oct 30, 2007 3:48 am    Post subject: Reply with quote
Quote:
I find the term small business to be relative,since what might be small for someone else is gigantic to another. I think if we define small in terms of a scale of capital investment, we will be in a better postion to know exactly what we are talking about and to be able to estimate ROI and hence make viable judgement.


Well, I guess I could clarify. The term small business usually means business with 50 employees or less. Capital has nothing to do with it, well I guess it has everything to do with it given the given the fact that non is available at home in most cases. When it comes to investing in any kind of business, it makes no sense to start one since the capital it takes to get it up and running is usually being used to facilitate other needs e.g. school fees, food, and other basic neccesities.

Cheptabkoret, the argument I was trying to put accross is that the fact that our people don't understand the rule of supply and demand basically kills the small businesses that some have managed to start. The concentration of businesses offering the same product across the board in one particular area leads to unnescessary competition hence driving prices down, leading to little or no profit for the owner or investor. This means that sooner or later they will have to close down, and this infact causes a lot of discouragement for that prospective interprenuer. Well it's an issue that we need to think about and find a way to resolve it. We all want to be prosperous, and it starts with a litle understanding of how to run a business. We all need to educate our people. Thanks you all for your responses.
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Tiondob Osnet
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PostPosted: Tue Oct 30, 2007 5:08 am    Post subject: Reply with quote
I fully concur with Orgoyot's plan to educate the people on basic business principles. I see the same thing happening in my hometown. All people want to invest in are shops and tinga tinga. We need more diverdification in business. I think I will hold a meeting with the villagers and try and convince them that there are other opportunities out there, besides shops, tingas and resturants. The problem is that if they are church goers, which is the case in 80% of the population, they will not want to invest i anything with alchohol, orsome other business that would seem in contrast with their religious beliefs. In anycase it's better to try and fail than not to try at all. Thank you Orgoyot for shedding light on this issue!
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Chemosi
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PostPosted: Tue Oct 30, 2007 10:15 am    Post subject: Reply with quote
preciousA wrote:
Chemosi.. Very Happy i hear u and i agree on a good number of things... Eldoret, Nakuru are viable, Kericho not so much.


Amazing. You mean to tell me you would invest in Eldoret ,Nakuru,Kisumu and the other towns cheptabkoret gave you e.g Kitengela, Athi River and Along Mombasa Road but never in Kericho? interesting indeed.
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cheptabkoret
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PostPosted: Tue Oct 30, 2007 10:44 am    Post subject: Reply with quote
to be very frank chemosi, i suggested those areas coz they are more 'cosmoplitan' than lets say kericho and if somebody is seriously for R.E.D then i think that is where business is( my own personal judgement but based on concrete observation), . And i agree with precA;Nakuru and Eldoret sawa, kericho is more individual home area development juz like reffering to kitale....
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