A Young Man Who Developed a Multi-million Real Estate Company in Kenya
All successful people have a story on their journey to success. Among them is a Moses Murithi, who started his journey to success with only ksh.15,000.
As a university student in engineering at Kenyatta University, Moses was broke like any other university student trying to survive the harsh conditions on campus. These students find different ways to make ends meet including using the HELB loans that are supposed to fund their education.
Moses was among the students that would depend on the higher education loans board to survive since he did not have a job at that time.
As this loan would suffice him only for a short period, the young entrepreneur knew he had to find a way to make money.
After searching, he was able to make an extra coin with online writing and data entry job. At first, Murithi did not know anything about writing, but with determination, he was able to learn and save enough money to buy his first writing account. His first writing account costed him Ksh.15,000.
However, things soon took a different turn after he was scammed, leading to the loss of the account just a week. He only had one job from this account and was not even paid.
But he did not give up, Murithi chose to stand from this fall and move forward. He believes that the person who sold the account to him repossessed the account taking advantage of murithi’s lack of knowledge on changing credentials.
Moses had no choice but to go back to writing under other experienced writers, who even helped him to know some of the essential things he did not know about owning writing accounts.
As wise as Murithi was, he worked hard, earned money and saved. Though there were hard seasons, the least Murithi could make was Ksh.40,000 per month.
He then bought a better account at Ksh.100,000 with the money he had been saving. This was the beginning of his breakthrough into the business.
By the time Murithi was done with his studies, Murithi was owning 3 accounts with five writers under him, making at least Ksh.140,000 per month.
The biggest of Murithi’s challenges while at school was losing many friends since he had to somehow isolate himself so that he could concentrate and focus on his commitment. That was the cost of his decision to make money.
While his classmates were busy wondering where to look for employment after school, Murithi had already created employment.
The next chapter of his journey soon came after his savings were to a level that could enable him to buy a piece of land. While he was interested in a piece of land along Kangundo road, the agent in charge showed him a piece of land that was 11 kilometers away from the main road.
Murithi saw this as an opportunity to sell pieces of land that were close to the road since no other agency was doing that. That is how Fanaka was born.
Before Fanaka started, he did his research on products, industry and market, then decided which path to take. He decided the company would focus on one particular area so that he could get as much information about the area as possible, learn the different techniques and also understand the system.
After 3 years in the company, the company has already employed twenty employees and successfully handed over its projects to its clients in Kamulu, Joska and Malaa. In 2019 only, the company had 6 projects in 50 acres of land along Kangundo road.
He stresses that the continuous success is due to doing research, honesty, consistency and not going out of his means. Also, having an office within the ground of the projects, having land in prime areas and following all the necessary procedures in acquiring the land has won the hearts of many of his clients.
Finally, the successful entrepreneur adds that one of the biggest challenges he is facing is acquisition of land in a market full of cartel and conmen.
To conquer this, the company conducts an in-depth research to establish the real owner of any land before buying it.
*Final Word*
Remember that every big company you see out there started just as a small dream. Coca cola for instance only sold 25 bottles of soda during its first year of operation.
KFC was started by an old retiree who was surviving on pension – but when he cooked a special chicken for his friends a global company was born.
Even those big real estate companies you see out there once started as small and hopeless entities. It’s continuous marketing, persistence and consistence that keeps them going.
So don’t let anybody tell you that you can’t make it.
Everything starts from nothing, so don`t be afraid of starting a business with little or nothing.
Start where you are, with what you have. Don`t plan to start big or perfect. Nothing starts big or perfect.
Start small (or stupidly). Keep on learning. Keep your vision alive. Keep on growing and you will become a successful business owner.
Also, don`t forget to join our training on Money Agency Business.
Mobile and bank deposits and withdrawals have become part of day to day life of almost every Kenyan.
People are always depositing money into their M-PESA, Airtel Money, Telkom Kash, Equity bank, Co-operative bank, and KCB accounts, among other mobile and bank wallets.
In equal measure, others are always withdrawing money they just received into those accounts.
Does that in any way sound as if mobile and bank money deposits and withdrawals are vanishing anytime soon?
Definitely not!
The interesting bit of it all is that those money deposits and withdrawals are done via Mobile Money and Banking agencies who carry out such transactions every day.
An agent comes in the gap to provide the medium for depositing and withdrawing money and in return, they earn commissions for both services.
Now that you know that an agent will earn commissions to mediate deposits and withdrawals concerning Mobile and Bank Money, can’t you be that agent and tap in on those awesome commissions on the Mobile Money and Banking Agency business?
Interestingly, the mobile and banking agency business is one of the most profitable businesses in Kenya if it’s set up along a busy street or a strategic corner where people are always passing by and can clearly see from far.
If you merge being a mobile money agent with being a Bank Agent of one or several banks, you are indeed in a lucrative business and you can make over Ksh.100,000 per month.
By
Timothy Angwenyi
Business Consultant
Justine Nyachieo
Business Man & Mentor
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