I've an important question to ask guys.

[Hubble]

How dare you limit me to only beauty Salons lol.



@KowDheh I don't trust Africans to be honest. They might plot for my downfall once the business becomes successful.

Your clients will be whites and Asians for the most part you won't even see Africans. Gambia is different though, they're ilbax mainly Muslim and not hateful.

 

[Freebandz]

I'm not discriminating. I've a choice damn it.

You have to know how business works if you start opening business in villages like jalam you won't be making much money
Word to @Air Jalam
Pick the place that has a large population you will make more money if I were you I would just abandoned somalia as a whole and open up in other African countries with high population

 

[Rooble]

Suki when you start business say you Arab

Somalis will fall down on their knees lmfao and come buy everything from you


jk abihiin wasa stop catching feelings yaakhi

 

[Figo]

Luxury hotels, malls

@Suki-Reiko

Whenever you hear someone has started a business back home it's always these two things. It's like skinnies have no creative minds. Every habar and oday wants to build a hotel lmao and most of the times no one even sleeps in them cause it's high prized or people go to other ones cause they're too many around.

Sister I think you should go back to the drawing boards and come up with something else. Something other skinnies have yet to come up with which is profitable.

Be different and stand out sister.

 

[Gibiin-Udug]

Your clients will be whites and Asians for the most part you won't even see Africans. Gambia is different though, they're ilbax mainly Muslim and not hateful.

I'm talking about the locals. That means I've hire local people to work for me! They might stage a coup.

You have to know how business works if you start opening business in villages like jalam you won't be making much money
Word to @Air Jalam
Pick the place that has a large population you will make more money if I were you I would just abandoned somalia as a whole and open up in other African countries with high population

I don't want put my customers in a danger zone. Horta stop derailing my topic.

 

[Gibiin-Udug]

@Air Jalam I don't think he usual skinnies built luxury hotels and spas back home. Most of the hotels look like a prison. When I say hotels I don't mean the usual hotel Somalis are used to. Tell me one hotel in Somalia with swimming pool, gym, dining center.


When I say hotel I'm talking about the Bellagio, Belmond, Ritz Carlton, Claridges.

 

[Gibiin-Udug]

Suki when you start business say you Arab

Somalis will fall down on their knees lmfao and come buy everything from you


jk abihiin wasa stop catching feelings yaakhi

Looooooooool

 

[Bohol]

I want to be the first Somali female multi millionaire.

That title is already taken by my edo real estate mogul. She is worth $300 million.

 

[Mercury]

From what i know you can open a small shop for around 2 grand If I Was you I wouldnt invest in A hotel theres alot of em and the only thing they all share is that their expensive

I see a potential on Coffee shops offering cappuccino, latte among others throw in some cake and cookies do some catering to weddings and you could bank in on that

or a beauty salon that also specializes on henna

 

[John Michael]

I would open a business but you need to actually live there or have trust worthy people to help run it. Are you willing to travel back and forth? Abayo run a business that could help the locals, or at least useful for the population. Maybe pharmacy? warshad of some sort? Or you could invest as well which would be good.

 

[Hubble]

Warshad is lamadhaafaan wallahi. So many people got rich that way. She'll give up the shellac nails and don overalls if it meant 6 figures a year.

 

[Geeljire]

Well according to this Study conducted (late 2015) by PRIO Research Institute of Oslo detailing Norwegian and Minnesotan diaspora business in Somalia.
There are alot of risks and challenges in opening up a business in Somalia and for it to be successful in the least.
http://file.prio.no/Publication_files/prio/Horst - Back in Business, PRIO Policy Brief 5-2015.pdf

Yet numbers are still small and many potential investors do not invest in Somalia. There are a number of challenges that prevent returnees from setting up businesses. First, start-up capital is required and, unlike in many other places, in Somalia there are little to no opportunities to lend such capital from financial institutions. Second, for a business to be successful, it is essential to understand the market well. As such, well-functioning and relevant local networks are crucial. This may be a challenge for those who have not been living in Somalia for many years. Third, in a conflict and post-conflict setting investors face considerable risks. A fragile security situation in parts of Somalia may mean that all investments in those areas can be lost at any time. Weak government structures also limit opportunities, as there is limited protection while legal and fiscal systems are not in place. As such, we see that not all business investments by Somalis in the diaspora are directed at Somalia; many invest in a range of African countries, the Gulf and China (at times involving trade to Somalia). Those who do invest in Somalia face a number of challenges. This includes firstly the fact that many traditional ventures are affected by overcrowding and thus become less lucrative. Secondly, security remains a serious concern and diaspora businesses like Village Restaurant are deliberately targeted by Al Shabaab. Thirdly, while business is generally the most appreciated contribution upon return, frictions between locals and diaspora exist. Return has led to inflation of prices and salaries

I think it could prove useful to look through this study.

 

[Fulurp]

why would u want to start a business in somalia with such a small population. It is a waste of time somali just bow down and be absorbed by the superior being. We are like cell from DBZ you are android 18. Useless

 

[Hubble]

@Geeljire Besides the Al Shabaab threat which can be avoided in most areas, factories are a safe bet. You'll always find staff and the wide range of ports you can ship to anywhere in the world without a problem.

@Fulurp My friend you can set up a business which produces and exports. You can sell to the nation too. Think.

 

[Geeljire]

@Geeljire Besides the Al Shabaab threat which can be avoided in most areas, factories are a safe bet. You'll always find staff and the wide range of ports you can ship to anywhere in the world without a problem.

No its stll an issue for alot of ppl, you have seen the attacks on Somali business in safe areas recently which is continous. The fragile security creates a high risk, which could result in the investments being lost at any given time. Security is the biggest prevention for companies and investors based outside of Somalia to return.

If you read the study you see how they have highlighted how returnee numbers are relatively small and many potential investors actually do not invest in Somalia. Lack of governmental legal institutions and policies for protection contributes to what drives many to invest in countries outside of Somalia.

But if people want to set up business granted that they have the necessary capital available, then they should do so at their own discretion.

 

[Southerner]

I'm waiting for someone to build a mall back home so I can bring laser tag to Somalia

 

[Hubble]

I'm waiting for someone to build a mall back home so I can bring laser tag to Somalia

Somaliland has a mall and Mogadishu is getting one soon.

 

[Mercury]

I believe import camels or cattle u could get alot money

that or a business build around weddings catering, photography maybe even rent out venue

 

[Hubble]

Import them? Lool

 

[Mercury]

Import them? Lool

my bad export