BUSSINESS WITH 800K BUDGET

Gaming lounges don’t have longevity… Average 2 -4 years and the new kid on the block comes in. Maybe based on everything make actual calculations to know if your 800k investment will have paid back, the value of your equipment then and such . Also does that compare to the other businesses.

There could be a future in delivery. The market looks good but not sure of the figures. Last time I checked the rates were quite low; but then again the volumes compensate.

Liqour is just ok. Its becoming the go-to business nowadays. Or maybe you could do it wholesale.

Could help analyse with figures, but at a fee:) . Anyway check [B]The Startup Tool Kenya. [/B]You could get some extra ideas.

of what?

Buy a piece of land for at least 50% of the cash where you can plant veggies off-season.
Follow all due diligence while purchasing the property and seek more information about the crops you want to grow.

Buying the land and not leasing ensures at least
you have something to fall back on if things go belly up.

My rule of thumb is to use limit loan amount to a third of total capital.

Gaming lounge is only workable if you’re in a PRIME area,(campus area,or estate with lots of college goers) ,but fetches a max of 4 k a day.

A virtual server is not a safe bet.
Buy 4 playstations instead…and save up for the incoming PS5.

Location is key.Branding and graffiti pia is very key in creating a visual illusion to customers.

Sublet the shop to sell movies and tiny electronic items(usbs flash drives,chargers,CDS,etc you get the drill)

Secure your doors.Ita watu wa kuchomelea wachomelee milango zote za all electronics like tv and PS ziundiwe " cages ".

It’s a personal choice kuinsure your business,but jua tu wasee wa insurance wanaeza kuruka anytime.

Buy cheap Digital panels…to save up on costs.

Have 7 months rent ready before you open door of your game zone.

Install cctvs in the shop,the 20k is worth it.

Avoid SECOND HAND ELECTRONICS AT ALL COSTS.

Go to second hand laptop wholesalers and get the prices for various machines… then go to pigiame and other online advertisers and advertise… when you receive an order, just go and buy and sell only what has been ordered… no need to maintain any stocks… But even then you should not use loans for business at the start up phase… use your savings to start up this and borrow muuch later when you are properly established… you can start with 50k savings (for you to be loaned 800k, you must have at least 100k savings, am sure)