The other day as has always been the case, I was talking to gentle man who was wondering where they would invest UGX 100M. If I gave you that money what would you do with it he asked. He is a long term customer of Young Treps so he has surely known me for a while. I said to him, I would definitely spread it across some of the ventures am working on. 30M in each of them, boro boro, goka foods and campus doctor. I would lend the money to them and have them pay it back over time to avoid distabiliszing the shareholding structure.
However if you are asking me what you should consider investing that money in then I would say bonds if you’re risk averse. You can also buy land or build rentals if your fear of losing money highly outweighs the idea of making money.If your desire to make money superceeds your fear of losing money then go invest in covid related medical supplies for qucik returns either as a producer which is much more fullfilling or as a supplier.Then look at foods and beverages, communication, ecommerce, financial servives to mention but a few.
I know many people like this. They have money but don’t know what to do with it or fear to do anything with it. Yes, we have alot of money lying idle out there. How were we going to find a way to tap into this warchest with the limited financial options most start ups have. How could ideas and finances come together to build something bigger? Thats when I decided to take that route.Try to harness the power of group economics.If it has worked in USA,Europe and China why not here. Its how silicon valley has been built giving birth to businesses like apple,amzon…. We can build our own entrepreneural eco system here.
CampusDoctor was my first idea I decided crowd source for and recently Gokafoods. My goal is to make sure these two work and if they do maybe more and more people will have faith in this new way of doing things here. It will take time and maybe we wont build something as big as apple or amazon but we shall build something big enough and rewarding to all of us. If that happens then we shall have set a precedence that changes the way we look at investment and approach it in this country.
For now we continue to build Campus Dcotor and Goka foods carefully and gradually using group economics as the skeptism of the investing environment keeps clearing among probable investors.
Jaluum Herberts Luwizza is a Speaker,Writer, Columnist with the C.E.O Magazine and Contributor with the Nile Post.He is also a Business Consultant with YOUNG TREP East Africa’s No.1 Business Management and Consultancy firm that helps people start and grow profitable businesses.twitter:jaluwizza
0700155232 | 0787555919 | whatsapp 0716223986.
