Should i buy a motobike and hire or buy a car and use it for taxi ama Tuk Tuk?

Violet Kev

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Transport always seems like a very lucrative business when done on paper, the numbers are always mouth watering.. but rest assured things are very different on the ground. Unless of course one does it him/herself which is not the case with 10 motorbikes
Look for more invest options , these are all hasara in waiting
 

Ainea Melis

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Calculations yako iko poa but kwa ground vitu ni tofauti, ukitaka kurudisha pesa yako buy tuktuk ama pikipiki and be the driver you will make more than your calculations but if you give it out anza kununua dawa ya ulcers uweke stock unless you get a good driver otherwise wote walienda shule moja ya kutolipa pesa na gari/tuktuk/ piki piki ina depreciate
 

Rehema Saina

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Consider this also,insurance covers, police tolls which is to commence come july, maintenance cost ...adjust them from your budget...i would advocate for buying cereals and farm produce and supplying them to factories and markets respectively you will enjoy your savings multiply...if you find the idea bieng ideal i have lorry and we can work together..
 

Joan K

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Hizo option zote wachana nazo you will regret later after your cash is drained to the last coin, look for a genuine plot or enter into stock market and continue saving. Transport business require a new vehicle and for one to do that business by himself usingonje wanaume wakutafutie pesa utashangaa.
 

Minayo Edith

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I feel bad when I see people worth this amount yet they get confused on how to invest, I have written even on this page about forex,people still ignores,i would suggest you learn forex through online, practice and with only 10000 you will make minimum of those 2k u want to make by investing half a million.just go to u tube and it there.
 

Kristen Wambui

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Join a Sacco and continue saving opt for a three times multiplier finance boost with around 1.5 million venture into real estate buy cheap plots for resale at a profit you will build a multi million enterprise
 

Juliet Mbleina

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When it comes to investing in the transport sector NEVER start with an old car or whatever you are using. You have no experience with mechanics and all that. You will cry a river. Think of something else
 

Merch chawe

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  1. It was a mistake to accumulate all those savings and then invest them on one time bundle.
  2. Capital is irrelevant when making money or running a business (ie it does not matter what amount of capital you invest)profits/returns are a function of experience or risk.
  3. Risk is the ability to fail in a business and start all over.
  4. A seasoned entrepreneur like me would have started with the 100@kei and by now would have learned the ropes.

My advice,
By the fact that you have saved over 5yrs means that you are risk averse meaning you don't want to lose your stake,
Thus,
Portion 100@kei in option 1 or tuktuk and see how it goes ,(don't jump with both feet.)
Assuming the business picks (I hardly doubt it will do) you can refinance it.

As I stated earlier, you are a risk averse person, do you know there are other investment vehicles/methods that will guarantee your 500@kei without losing a penny albeit lower returns over long periods

My friend,I can also say that you need to up your financial intelligence in the long run.A person will never be rich more than how he understands money.

Eg,;If you did not get into business five years ago but invested your money(100k) in a mutual fund that gives 10%(I am not willing to go into the details: read up) by now you should be having 150@

People with low financial IQ only think business will save them.Its an ideal situation however the real situation is different.
 

njihia k

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First congratulations for the sacrifice of saving, I know it has been a journey of pain sweat and tears,its never easy to save in short, so look here my bro, kindly get a clean plot with title and buy, if u get it cheaper I can allow u to get a Boda, fence your plot and farm even if for consumption, you will be happy to see the results of your sweat every time u see it.
 

Vivy

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Identify commodities that you can hawk,either farm produce/vegies/all kinder snacks/sweets/malimali etc,you cab start by hawking on foot to acquire a no of clients then eventually buy a car for ease in movement,nothing is easy in this world but if you get creative you will surely make it,oh option no.1 sent good for starters avoid it at all costs,goodluck
 

Murakaru

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First let me congratulate you, very ambitious,courageous and honest to say what many youths are struggling with, all those ideas are good but very risky, if I were you, I would try and lease a piece of land, just a plot in the outskirts of a town, make some temporary but good hog sheds, buy like 60 piglets for 3k@, a shamba boy like 5k a month, by 7 months they will fetch you a clean 1.2m, having spent your half m comfortably
 

Kiragu s

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Talking about used assets big NO. Ata afadhali biz ya gas or malimali. Transport business as a beginner will fail badly before you pick up again. With your expectations you need something easily manageable like a Ken chick shop or farmers choice. Link up with big manufacturing companies and you will receive full support so long as you are promoting their products. My advice is not to focus on a year but 3 to five years. With that you can be a millionaire with assets
 

moseti_K

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Business is about taking risks. I would advise buy a car for uber, bolt, etc online taxi. Do not listen to people negative stories. Online taxi works if
1. Get a good driver, he gives you 1500 or 2000 per day depending on location, of course not now with Corona
2. Do not buy the expensive car, buy those within CC recommendation
3. Ensure you follow up car with driver after 2 weeks
4. Have good car track system
5. Just walk with one in online taxi business to learn more.....there other car costs as you move on.
6. A good driver is the key, God can give you one because they are there
 

Ruse

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Nowadays, people can't go a kilometer without thinking of hiring a motorbike. I would advice to invest in motorbikes because it is a business that is guaranteed to give you back money. Also, the service required for a bike is nothing compared to a car.
 
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