dear elders advice me.

[kukuru_kakara]

@culture

biashara gani naeza anza na budget ya 1 m.
kindly advice me am frustrated by my current employer

Are you entreprenueral by any chance?Ever sold any product (service, tangibles/intangibles) for profit in your life?

[KayF]

@behringer

Give me ksh 85,000 and I’ll tell you what i do and how my money makes money for me.

Kubuy vitu kwa wholesale na kuuza

[Fala_12]

@M2Random

Also, kama umechoka kukalia kiti kwa office, na kureceive orders, the only biz naweza kwambia unaweza risk all the 1 mil na usiogope ni matatu. Since you will be jobless, ukijiendeshea matatu it will be one of the best investments you will ever make. Industry ya transport ina pesa, especially kwa mtu ana gari yake…there are no thieving crews na utamaintain poa juu unajiendeshea. The other thing I can assure you, matatu is an extremely low risk business if you insure comprehensively, and drive it personally. Utaanza kurudisha pesa yako the next day bila kubahatisha…biz hata ukiplan aje bado kunakuwanga na risk kubwa ya kukosa customer. If you have a child, you dont have the luxury of risking ku-quit job kubahatisha biashara. Kama una mtoto, na bibi pia hako poa vile mfuko, buy mat and thank me later.

Nauliza tu ni wapi utaanza biashara ya matatu na 1m ?

[behringer]

@KayF

Kubuy vitu kwa wholesale na kuuza

Zii. No money in goods. Pesa iko kwa service

[Prometheus]

The only biz you’ll ever succeed in is one that you are passionate about. So, tell us, what is your passion?

Otherwise, go look for D9Club affiliates and use the 1m to open 5 accounts and collect Kes. 85k every monday.

[x-trail]

@YuleMseeMbaya

Invest in real estate or anything that will give cashflow if possible the cashflow should be twice your expenses,+ put aside money twice your expenses for 6 moonths,start parttime and when the cashflow starts stabilizing quit

Iko wapi hio real estate ya 1 m

[anonymous60]

what i would advice ni dont quit…people quit after they have had a successful biz not before unasema ati employer ni frustrating ngoja uquit alafu iyo biz iback fire ndo utajua frustration ni nini… my point chora biz plans kadhaa ata kama ni biz ndogo i.e groceries electonics butcheries employ a few guys usiogope kuibiwa ni kawaida ubaya ni wakuonyeshe na madharau ama waibe % kama kabura monitor the biz for a kaperiod ata kama inaleta 10% ya expectation shukuru ujanja ni quality consistency discpline keeping in mind that your customer is always right one or more of thoze biz zitasucced.good luck

[M2Random]

@Fala 12

Nauliza tu ni wapi utaanza biashara ya matatu na 1m ?

Buy Vanette aende routes za kuingia estates…short distances. Sio lazima aanze na 14 seater

[kijanamrefu]

@The_Virus

Pesa haitawahi tosha. You’re lucky you have a job. Someone out there you would love to have your bad day.

Hii mentality ndio hufanya watu wasi-evolve.

[system]

Kijana ni pesa inakusumbua. That’s why your job becomes boring even after managing to save 1m from the same shitty job. I want to imagine your job pays above 100k net per month for you to manage that saving.

Now let me tell you the reality. Unless it is illegitimate, no business worth 1m will give you a net of 100k monthly. Unless ni quails or brothel. Ama drugs.

[coldpilsner]

@Jazzman

1. Kabla uquit, piga hesabu ya your monthly expenses kisha multiply by eight. You will need the money ikusukume before your business gets a foot hold.

2. Business sio rahisi. It takes dedication na kujituma especially the nascent months. Your presence hapo ni lazima otherwise kuchezwa and other calamities zitakuandama na haujuani na biashara yako vizuri.

3. Piga research proper kabla haujaingia biashara. Amua kama ni niche market ama ni value addition unaingilia. For example (since hii ni field natambua better) ufungue fast food restaurant. Chipo nayo ni must lakini, ni services gani zingine utaoffer ndio place yako iwe unique among the multitudes? Sauces za maana, pork choma, burritos na nachos n.k

4. Piga research proper. Jua what you want to do inside and out.

[SIZE=6]Vile bigwig wetu wa NASA amesema[/SIZE]

[M2Random]

@Thagichu

Kijana ni pesa inakusumbua. That’s why your job becomes boring even after managing to save 1m from the same shitty job. I want to imagine your job pays above 100k net per month for you to manage that saving.

Now let me tell you the reality. Unless it is illegitimate, no business worth 1m will give you a net of 100k monthly. Unless ni quails or brothel. Ama drugs.

Best advice here…if you earn more than 80k per month, there is no business to run to. Dont even entertain the thought of quitting. Business is war.

[YuleMseeMbaya]

@x-trail

Iko wapi hio real estate ya 1 m

Find a way of adding more/ capital gain to that 1 M,put some in a govt securities, T-Bills etc to earn interest then use it as equity to finance the down-payment of real estate, buy outside Nairobi etc, even if it’s 1 property,but i would tell the person to have a financial plan in place before jumping into business, go to classes organized by centonomy or mutual funds, get a concrete action plan that has figures, e.g. i want to earn twice cashflow/passive income my monthly expenses in the next two to three years, maybe from real estate, document all your expenses,that’s a goal, so what steps can i take, everyone’s financial plan is different though, though i am an amateur in investing, consult a good financial advisor, and as someone has said one million is not enough equity to finance a proper business, unless you plan to borrow from banks and friends,i would find a way of gaining more to that 1M by investing it elsewhere, from even a reasonable cashflow you can pull it into the business, plus borrow from banks, but iyo biz ikuwe ya maana, do proper market research and have an end goal in mind, achana kufikiria ndogo,

[Mzee_mzima]

@M2Random

Best advice here…if you earn more than 80k per month, there is no business to run to. Dont even entertain the thought of quitting. Business is war.

Akinunua zile Uvo zako anaweza ama namna gani my fren

[Fala_12]

@M2Random

Buy Vanette aende routes za kuingia estates…short distances. Sio lazima aanze na 14 seater

so awache job inamuezesha kusave 1m aende kuendesha mat route ya mbao mbao. anyway sio mbaya lakini biashara ya matatu iko na wenyewe sio ya kila mtu

[system]

@YuleMseeMbaya

Find a way of adding more/ capital gain to that 1 M,put some in a govt securities, T-Bills etc to earn interest then use it as equity to finance the down-payment of real estate,

Tall order. Tbills rate = 10.9%( inclusive of withholding tax). Inflation =10.3%.Real return= 0.54% (kshs 5,400 per annum) from 1 million.

[YuleMseeMbaya]

@Okiya

Tall order. Tbills rate = 10.9%( inclusive of withholding tax). Inflation =10.3%.Real return= 0.54% (kshs 5,400 per annum) from 1 million.

Ndio, those are the nitty grittys to consider, but according to the plan the person can look for a way of getting capital gain from that one million, otherwise if you quit your job immediately, then that 1 m ikuwe a sunk cost plus other loans, and the business goes under na hauna back up plan even for surviving to meet your expenses utaitana

[YuleMseeMbaya]

But someone who started and now runs a medium to large business in this forum should start a thread or tell us where to start when deciding which industry to get into and business idea, how to finance the business during its first 2 years of operation and how to fund the idea from it’s inception and what their experience was, will be a very interesting conversation

[x-trail]

@YuleMseeMbaya

Find a way of adding more/ capital gain to that 1 M,put some in a govt securities, T-Bills etc to earn interest then use it as equity to finance the down-payment of real estate, buy outside Nairobi etc, even if it’s 1 property,but i would tell the person to have a financial plan in place before jumping into business, go to classes organized by centonomy or mutual funds, get a concrete action plan that has figures, e.g. i want to earn twice cashflow/passive income my monthly expenses in the next two to three years, maybe from real estate, document all your expenses,that’s a goal, so what steps can i take, everyone’s financial plan is different though, though i am an amateur in investing, consult a good financial advisor, and as someone has said one million is not enough equity to finance a proper business, unless you plan to borrow from banks and friends,i would find a way of gaining more to that 1M by investing it elsewhere, from even a reasonable cashflow you can pull it into the business, plus borrow from banks, but iyo biz ikuwe ya maana, do proper market research and have an end goal in mind, achana kufikiria ndogo,

Not a bad idea though roi ya real estate iko tu slow better kungangana na biashara ndio upate capital ya real estate

[M2Random]

@Fala 12

so awache job inamuezesha kusave 1m aende kuendesha mat route ya mbao mbao. anyway sio mbaya lakini biashara ya matatu iko na wenyewe sio ya kila mtu

Inadepend na how much he earns currently. If he makes over 80k net, mat ni biashara ya ufala. Anything below that abuy mat ajiendeshee