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Good Business venture with 1,500,000
newfarer
#1 Posted : Friday, June 04, 2010 1:35:09 PM
Rank: Elder


Joined: 3/19/2010
Posts: 3,504
Location: Uganda
Hi people , If you had 1.5M what good business would you venture into in Nairobi

What is the cost of starting a small supermarket in a nairobi estate?
What about a small petrol station?

I small fast food cafe in town?
any ideas


punda amecheka
Phaoro
#2 Posted : Friday, June 04, 2010 6:34:39 PM
Rank: Member


Joined: 10/6/2009
Posts: 164
@ newfarer small petrol station or fast food in town, you need more than 1.5 M. You will be lucky if that covers goodwill. About supermarket, that still needs more cash and a good relationship with suppliers who can advance you goods on credit or partial payment.

My two cents - Buy a plot or even two outside Nairobi in places likely to benefit from the road expansion. In a few months you might be able to double your money or at least get a substantial return.
Injere
#3 Posted : Saturday, June 05, 2010 7:28:09 AM
Rank: Member


Joined: 4/7/2010
Posts: 130
Applause Good advice you've been given here! Again, it depends on how much risk can you handle?
fxtech
#4 Posted : Monday, June 07, 2010 9:51:45 AM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@far I got a few ideas u can contact me at pjephraim@gmail.com
Discipline & sticking to your strategy even when you loosing defines great traders.
muganda
#5 Posted : Thursday, June 10, 2010 2:23:51 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
As a young man, an older teacher I looked up to was teaching philosophy. And as he strolls round and round the class, from one row to the other, speaking as if from his soul.

His mind takes a detour, and I never forgot what he said that day...
"You can run any business, but you really only become very successful by looking for a níche; a unique need out there that you have the skills to serve."

So @newfarer you seem to suggest other me-too businesses to run. But you can look to what you love or have a passion for -not the money first- and then start small.

Phaoro
#6 Posted : Thursday, June 10, 2010 2:49:48 PM
Rank: Member


Joined: 10/6/2009
Posts: 164
very true at what muganda wrote. Not money first. Provide a service or a product in the best way possible and the money will follow.
deadpoet
#7 Posted : Saturday, June 12, 2010 2:10:33 PM
Rank: Member


Joined: 9/27/2006
Posts: 503
I have a proposal that needs roughly that amount - nyaga_nbi (at) hotmail.com
doubtfire
#8 Posted : Saturday, June 12, 2010 4:20:46 PM
Rank: New-farer


Joined: 6/11/2010
Posts: 90
Location: kenya
i support the idea of a plot say somewhere like juja.that place will became hot cake once the high way is completed.
benzi
#9 Posted : Thursday, June 17, 2010 2:04:20 PM
Rank: New-farer


Joined: 1/8/2010
Posts: 33
Location: nairobi
Try this site-www.entrepreneur.com
ProverB
#10 Posted : Thursday, July 01, 2010 4:06:12 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
muganda wrote:
As a young man, an older teacher I looked up to was teaching philosophy. And as he strolls round and round the class, from one row to the other, speaking as if from his soul.

His mind takes a detour, and I never forgot what he said that day...
"You can run any business, but you really only become very successful by looking for a níche; a unique need out there that you have the skills to serve."

So @newfarer you seem to suggest other me-too businesses to run. But you can look to what you love or have a passion for -not the money first- and then start small.



Applause Applause Applause


..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
fxtech
#11 Posted : Tuesday, July 06, 2010 3:29:17 AM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
I got a great idea for you contact me at pjephraim@gmail.com
Discipline & sticking to your strategy even when you loosing defines great traders.
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