Is 300K Enough to Start a Small Business?

Business
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I’m tired of the 9 to 5 grind and looking to break into the business world. I have 300K sitting idle in the bank and was wondering how I can put it to work. I’m not sure if it is enough to start a solid business or if I should top it up - yes, I’m that inexperienced with business.

Anyway, here are the business ideas that come to mind:

[ol]
[li]Water vending[/li][li]Small-scale laundry[/li][li]Food cart[/li][li]WiFi vending[/li][/ol]

I want you guys to be straight up with me, I’m I being dilutional with the budget and business ideas? What would you do?

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You are most likely to succeed in a business you have exposure to as opposed to just trying out a business idea you have thought of.

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izo biz tatu umetaja unataka ku copy paste chenye wengine wanafanya. ni market mtaharibiana tu, mwishowe uende nyumbani mkono tupu. fikiria biashara ingine

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Kuja nikusaidie

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5

What if he does not have any exposure?

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Fungua spare parts pale Grogon utanukisha kitunguu vibaya. Huezi shibisha hiyo market. I know a few who started with about 200k siku hizi kazi ni Dubai and back. But tembea kwanza uelewe vile kunaenda

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7

Any business you start with 300k will not be much different from a job

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Hio pesa ni mingi, jaribu PPP na sirkali. Ukuwe Birrionare kama Gachagua

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Fungua whorehouse ukuwe billionaire

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Heheheh, kujia bangi ya 100k shash, then 100k tunatumia kama transport, then the remaining 100k is for bribes. After 30 days we should be talking of mirions . Take your 300k, give me my potion. Ukitakta kuendelea you know the game

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11

Those are very basic ideas and most likely filled with stiff competition that will run you into the ground. Kenya is undergoing a cash crunch right now so save that money and think of a hard business that has multiple barriers to entry.

The idea that it is okay to be an SME is the biggest lie sold to us,once you get into that hole,you will be in a world of pain and regret why you chose to be in an undifferentiated market.

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Simple: Supply makaa from narok, kajiando and marigat to retailers in nrb and kiambu. You buy at ksh 700 and sell at 1800 to 2100 per ngunia. Fanya hesabu

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13

Pause. What is your monthly recurrent expenses?

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Yes. It is possible to start a successful business with 300k and even smaller amounts.

However, it is extremely difficult to hack it. Its sad but true.

Every person and their grandmother has 300k. That means all businesses at that capital level are extremely competitive/crowded. Any business that fits that budget has thousands of people trying to squeeze cash from it. That is the downside of starting a small business.

To succeed you will have to either venture into a service-based business that is hard to copy, or get a location that is hard to acquire. Basically, you have to be protected from competition because even if your idea is unique, watu wakiona unakula poa they will copy within no time because of the low capital required.

The rich get richer because they face limited competition. Kama biz inahitaji 10M+ kama supermarket, it eliminates most peasants. Meanwhile nduthi zinajaa kama nzi.

If you are earning more than 50k in your daily job usiache kuanza biashara na 300k. Endelea na kazi, invest the 300k, and continue saving.

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Kuna place hizi business hakuna. You know, places zenye zinagrow saa hii like Ruiru, Juja and other places like those.

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Hio pesa sio ya expenses, my 9 to 5 has got that covered. That means I can also top it up the money

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I like your way of thinking. Thank you

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What Kenyans dont about starting a successful biz is not capital. What matters alot is skill. With 50k you can start a biz. Watch it grow. But us we are good at copy pasting.

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I wont quit my job.

Biz hutake time to establish.

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Fungua kanisa halafu preach some things that are different from other conmen sorry, preachers. An example would be to encourage polygamy and sanctifying it in your church. Selling the word is the way to go especially now that we have “watu wa kanisa” as no. 1 and no. 2.
Halafu hii employment ya 9 to 5 ni gani cos mimi huona ni kama employment mob ni 8 to 5?

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