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Monday, July 18, 2011

The secret to making millions

…is in being one of the leaders, not one of the followers. As far back as the 80’s when the harsh reality of downsizing and retrenchments begun to bite in Kenya, local businessmen have shown an amazing willingness to flock from business to business, merely because we heard that someone had made money from it. It was irrelevant that we didn’t know anything about clearing & forwarding or poultry farming, or if I couldn’t tell a bromide from a photocopy. If Mr. Kamau Otieno next door looked happy and well fed in his ‘new’ car, then whatever business he was in, was perfect for me (take a minute to think of all the guys who tried to sell you calendars and printer paper in the past). Just like in a pyramid scheme,

Wednesday, July 13, 2011

The Secret to Making Millions in Real Estate (part 1)

Time travel. According to certain Kenyan ‘experts’ the only way to start making money in real estate in Kenya is to travel back in time. Well, based on that premise and the fact that scientists have yet to come up with a device that can facilitate such travel, the only logical conclusion is that it is impossible for you to start making millions in real estate today.

More seriously though, the reality is that the recent real estate boom in Kenya has made millionaires out of ordinary folk and billionaires out of millionaires, all in the last decade or so. Understandably, everyone else wants to jump on the bandwagon, but the question on our communal lips is, “Is it too late?” Well my answer to that is