It’s not uncommon to hear people say, “I don’t have capital to start business”, which obvious comes from lazy people. Wealth is what every person is looking for and with Ksh 1,000, it’s very possible to generate a million over time. Here we take you through the steps you can follow for you to become a millionaire by using your Ksh1, 000 note.
Entrepreneurs and wealthy people will tell you the journey to success starts small, but success will only happen if you follow these basic principles.
- Come up with a noble idea
- Involve people
- Develop an habit of saving
- Live below your means
- Don’t be generous
- Be ready to lose friends
- Do not fear risks
- No amount of money is small, use what you have
- Every minute counts
- Save before you spend
- Your employees should remain employees; friendships and business don’t go hand in hand.
- There is no right time for starting business, implement an idea immediately you think of it.
Aware of the above principles, you should now be ready to be a millionaire. The first step towards this destination is to avoid spending the money your stomach. Simply think of a good idea and implement it.If you are a Kenyan, this is what to do:
Buy 2KGS of baking flour, 1kg of cooking oil, salt and a pan. Then make 30 chapatis.Take these chapatis around construction sites. At the end of the day you will realize you have made extra shillings.
Another good idea is to buy 3 kienyeji chicken (if you are living in rural area), which will obvious take all your cash. One chicken should be a rooster and two should be for laying eggs. After three months, come to me to explain your success story.
Another thing you can do with Ksh 1 million to generate Ksh 1 million is by starting manicure and pedicure business in Nairobi and other major towns. I think you have seen men around Nairobi making and painting women nails. This work requires starting capital of not more than Ksh500.What is needed of you is the skills and the cosmetics. To buy the cosmetics you require not more than Ksh 300.An office is not necessary because you will be walking from house to house and from one street to the other as you do your work.
Another noble idea is to buy sweets and sell in matatus.A single packet of sweets will cost Ksh 70 buy after finishing the stock, you will be able to count profit in the tune of Ksh 40.If you sell 4 packets per day, that is Ksh 160.If you do the business repetitively, you will realize that in 3 months you have some thousands to help set up a more aggressive venture.
Another good idea is to sell mangoes and watermelon in Nairobi. What you need here is a wheelbarrow and Ksh1, 000 to purchase the fruits. You know what, a single note of Ksh1, 000 will make you Ksh 300 in profits.
Those are just but a few ideas of multiplying your Ksh 1,000 to Ksh 1 million over a period of, say 5 years.It is possible and can be done.
