Investing

[heli]

curious if anyone has any experience in raising capital for a business and the process and if there are any investers in africa .

 

[Lostbox]

Most people on this site are young adults.

 

[Nomad2054]

curious if anyone has any experience in raising capital for a business and the process and if there are any investers in africa .

it all depends on which regions you would like to invest in and what area of business.
are you thinking of hospitality, commerce, real estate or perhaps something else with less capital.

 

[heli]

it all depends on which regions you would like to invest in and what area of business.
are you thinking of hospitality, commerce, real estate or perhaps something else with less capital.

no I was looking for investor's for
tech or manufacturing .

 

[Nomad2054]

no I was looking for investor's for
tech or manufacturing .

aha so you need investors rather then investments i see, well tech and manufacturing are not well known income creators in the somali business community and in that sense it would be a challenge securing investors. i could be wrong but try to find contacts through hawaalads thats where the money and money men have their contacts best of luck to you.

 

[heli]

aha so you need investors rather then investments i see, well tech and manufacturing are not well known income creators in the somali business community and in that sense it would be a challenge securing investors. i could be wrong but try to find contacts through hawaalads thats where the money and money men have their contacts best of luck to you.

not necessary for the investor to be somali but would be ideal , hopefully we'll see . but was aiming for africa Rwanda to specific . either way will be fun .

thanks

 

[La Xawla]

no I was looking for investor's for
tech or manufacturing .

good luck

 

[Active asylum]

Most people on this site are young adults.

yes most people here are young adults and in wildlife technical terms "Young and fertile"

not necessary for the investor to be somali but would be ideal , hopefully we'll see . but was aiming for africa Rwanda to specific . either way will be fun .

thanks

make sure you don't get assassinated in Rwanda.. ive heard many stories of businessmen getting assassinated for doing business in those types of countries...

learn the local population language to immerse yourself in the local population.. maybe even marry a local Rwandan girl to cement and portray to the archaic minded locals that you are one of them...

Good luck !

 

[heli]

planning on carrying pistol in house and office .

thats the plan .

thanks .

 

[Nomad2054]

not necessary for the investor to be somali but would be ideal , hopefully we'll see . but was aiming for africa Rwanda to specific . either way will be fun .

thanks

but i would advice that you stick to your own kind and if not at least dont venture out of your own network, the world is an ugly place once money becomes the object.

may i ask why you would go for rwanda rather than kenya or uganda??

 

[heli]

but i would advice that you stick to your own kind and if not at least dont venture out of your own network, the world is an ugly place once money becomes the object.

may i ask why you would go for rwanda rather than kenya or uganda??

didn't grow up around somalis and dont know any extanted family . a bit difficult socialising but was hoping with business and mutual interest get to know people and help each other .

no reason Rwanda seems okay clean and safe .

 

[Nomad2054]

didn't grow up around somalis and dont know any extanted family . a bit difficult socialising but was hoping with business and mutual interest get to know people and help each other .

no reason Rwanda seems okay clean and safe .

i have investment ideas too in the areas of recreation, hospitality and warehousing. After years of seeking investors i have come to the conclusion that unless you have a wealthy network you must first accumulate wealth build your name and make contacts invest small and grow, in other words play the long game and i would advice you do the same, be patient because Rome was not built in a day.

and if you are a young female please stay away from men you dont know cause you will be taken advantage of wallahi, take your time and build yourself up. in business its better to come to the table from a position of power or be ready to serve in whatever way you are asked to, because the lender is always the master.

 

[heli]

i have investment ideas too in the areas of recreation, hospitality and warehousing. After years of seeking investors i have come to the conclusion that unless you have a wealthy network you must first accumulate wealth build your name and make contacts invest small and grow, in other words play the long game and i would advice you do the same, be patient because Rome was not built in a day.

and if you are a young female please stay away from men you dont know cause you will be taken advantage of wallahi, take your time and build yourself up. in business its better to come to the table from a position of power or be ready to serve in whatever way you are asked to, because the lender is always the master.

yeah I'm going to web development program for prisoners and schools in Rwanda try to find gov funding for it pass it over to someone else at a later date . my projects are small but hopefully profitable enough .
loans are bad way for starting a company with .
I'm a guy . appreciate the advice tho

 

[Nomad2054]

yeah I'm going to web development program for prisoners and schools in Rwanda try to find gov funding for it pass it over to someone else at a later date . my projects are small but hopefully profitable enough .
loans are bad way for starting a company with .
I'm a guy . appreciate the advice tho

thats a great idea best of luck to you my dear brother

 

[GeKo]

I have some questions:
what country are you from?
What education/skills do you possess?
What relevant career experience do you have in tech and manufacturing?

 

[heli]

1. I'd rather not say where i live the somali population is small here I posted a pic .
2. still in education business school / self taught back end development nodejs
3.consider my self newbie dev
4.manufacturing none not pursuing now, later on perhaps .

 

[GeKo]

1. I'd rather not say where i live the somali population is small here I posted a pic .
2. still in education business school / self taught back end development nodejs
3.consider my self newbie dev
4.manufacturing none not pursuing now, later on perhaps .

Take advantage of your universities entrepreneurship org. ,some of them have this free service where you can talk to a business analyst for free. There should also be gov't services that can help you with starting a business as well as mentorship if you have an idea.

I'd say first start with acquiring the relevant skills and experience, build your connections in the industry you want to pursue and write a business plan of what you wish to do. The business plan will take months of research and writing. You may find a partner with skills that you don't have and you trust to start this with but write a contract with him. Then go to these free services to see what they have to say.

Also Africa can be difficult but can be highly rewarding. Your Rwanda plan sounds good but that's more of a gov't service that they can do themselves rather than a business that'd be worthwhile down the line. You have to ask yourself how much would the Rwandan gov't would pay for this.

Aim to solve a problem that ppl have or good/service that you can offer at a competitive price. The opportunities are endless in Africa and you don't have to be the next Bill gates to be successful in it. A high yielding farm, construction company, or soap factory could all make you good money.

 

[heli]

Take advantage of your universities entrepreneurship org. ,some of them have this free service where you can talk to a business analyst for free. There should also be gov't services that can help you with starting a business as well as mentorship if you have an idea.

I'd say first start with acquiring the relevant skills and experience, build your connections in the industry you want to pursue and write a business plan of what you wish to do. The business plan will take months of research and writing. You may find a partner with skills that you don't have and you trust to start this with but write a contract with him. Then go to these free services to see what they have to say.

Also Africa can be difficult but can be highly rewarding. Your Rwanda plan sounds good but that's more of a gov't service that they can do themselves rather than a business that'd be worthwhile down the line. You have to ask yourself how much would the Rwandan gov't would pay for this.

Aim to solve a problem that ppl have or good/service that you can offer at a competitive price. The opportunities are endless in Africa and you don't have to be the next Bill gates to be successful in it. A high yielding farm, construction company, or soap factory could all make you good money.

agree .

Rwanda web dev project is a non profit it's goal is brighten my resume and a salary .

absolutely cheaper and better quality .
would be great of I reach 1% of bill gates would be great but owning a home and something for my children to live off is a happy ending for me .