Business minded people help
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This General Forum is for general discussions from daily chitchat to more serious discussions among Somalinet Forums members. Please do not use it as your Personal Message center (PM). If you want to contact a particular person or a group of people, please use the PM feature. If you want to contact the moderators, pls PM them. If you insist leaving a public message for the mods or other members, it will be deleted.
- Aliyah99
- SomaliNet Heavyweight
- Posts: 2604
- Joined: Sun Sep 02, 2007 2:27 pm
- Location: Burco - S/Land
Business minded people help
I am planning to set up some of my relations bak home in business, instead of sending remmitance money to one relative after another I have been thinking for a long time to try to set them up in a little business that can sustain some of my extended family and maybe with a bit of luck profit me. The idea my cousins prefer is a little shop, but I work full-time so that would be too labour intensive for me sourcing products and exporting thats long. I am really looking for ideas or anything that has worked for your fam, sending remmitance is not only a drain on my personal finances but it stifles the economy by making people dependent and less industrious. I want to invest as little money as possiblle maximum 5 thousand, and it has to be something that does not involve too much of my time. Any ideas people?
- RIIGHAYE
- SomaliNet Heavyweight
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- Location: When I recognize the special significance it has for African Americans and the special pride" McCain
Re: Business minded people help
Aliyah, Some little family success we have done that might be easy for your family to imitate our efforts are: Try to raise a large sum of funds from the whole family. Each one of you must contribute, at least 20K or more. Invest that money in building Hotels or mini Mansion at peaceful cities in Somalia like Bosaaso. The mini mansion can be rented out to International NGOs or Subsidiary bodies of the U.N . For instance, my aunt earns $15,000 per month from her Big house's fixed income in Bosaaso. That is a lot of money in Somalia. Another Idea I can think of is to buy a share of a Networking Supply line from China, Dubai, and then try to find a Niche market for whatever you want to import in Somalia, especially look for something that most people would easily adopt to its introduction phase. It must be unique service or product that can sustain increased demands for 10 to 15 years.
Be openminded and engage in some action. Our family goal was to meet the needs of our extended family in Somalia because this time they would have a stream of cash flow coming in for them, and We in turn would save the money we keep sending them and invest in some other areas. Keep this cycle on.
Be openminded and engage in some action. Our family goal was to meet the needs of our extended family in Somalia because this time they would have a stream of cash flow coming in for them, and We in turn would save the money we keep sending them and invest in some other areas. Keep this cycle on.
- Ina Baxar
- SomaliNet Super
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- Joined: Mon Dec 13, 2004 12:54 pm
- Location: Arabsiyo, Somaliland
Re: Business minded people help
I don't really know where your family is from , but I would say , invest in agricultural equipment.
- Aliyah99
- SomaliNet Heavyweight
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- Joined: Sun Sep 02, 2007 2:27 pm
- Location: Burco - S/Land
Re: Business minded people help
Riighaye thanks, I wish my family over there would give me the chance to save 20k
I can hardly save anything for supporting them. I like the idea of hotels but thats beyond my means at the moment. I am looking for something on a smaller scale so I can have some breathing space from them. So I can save for those bigger projects in the future inshallah. I like the idea of being sole agent for something, I will have to research it more.

- Naaima
- SomaliNet Super
- Posts: 6053
- Joined: Thu Apr 26, 2007 12:04 pm
- Location: Vision, imagination and leadership make a succesful business BUT above all it's a team effort!
Re: Business minded people help
we buy only lands! 

- Aliyah99
- SomaliNet Heavyweight
- Posts: 2604
- Joined: Sun Sep 02, 2007 2:27 pm
- Location: Burco - S/Land
Re: Business minded people help
Thanks for the tip ina baxar agricultural equipment sounds expensive, my fam r in hargeisa and I can't afford hotels and agriculture equipment. 

- Aliyah99
- SomaliNet Heavyweight
- Posts: 2604
- Joined: Sun Sep 02, 2007 2:27 pm
- Location: Burco - S/Land
Re: Business minded people help
Naima
Land after land after land, my family has land all over SL and whats the return on that investment . zero
Land after land after land, my family has land all over SL and whats the return on that investment . zero
- RIIGHAYE
- SomaliNet Heavyweight
- Posts: 1356
- Joined: Wed Jan 12, 2005 8:25 am
- Location: When I recognize the special significance it has for African Americans and the special pride" McCain
Re: Business minded people help
Aaliyah, I just want to tell you that You Alone can't do something. It has to be a savvy Network and committed family with trust and vision. Since there is no institutions for legal recourse in case something bad happens to you, family business is the only effective means to achieve your goal.
- Ina Baxar
- SomaliNet Super
- Posts: 10796
- Joined: Mon Dec 13, 2004 12:54 pm
- Location: Arabsiyo, Somaliland
Re: Business minded people help
Buying land is good indeed Naima , but what better way to get people LESS dependent than giving them the opportunity to grow their own food .
Aliyah 99If you got a tractor and other agro equipment not only can you work your own land but you get hired by others tohelp them cultivate theirs by breaking loose the soil. It ain't that expensive , you get one of your cousin to drive the damned thing and there you have people calling you from Salaxley to Oodweyne to Wajaale -->$$
PS : remember me when you get rich though .
Aliyah 99If you got a tractor and other agro equipment not only can you work your own land but you get hired by others tohelp them cultivate theirs by breaking loose the soil. It ain't that expensive , you get one of your cousin to drive the damned thing and there you have people calling you from Salaxley to Oodweyne to Wajaale -->$$
PS : remember me when you get rich though .
Re: Business minded people help
Aliyah,
your question is not simple one. You didn't give us a lot of details. For instance, the expericences of the family members who will run the business, their ambitions and their creditibility to run that business.
However, to give my two cents If I were in your shoes I would have asked myself If all I want is to get these monkeys off my back or if I really believe in my folks and think they can run profitable business and both you can benefit from.
To get monkey off your back scenario, is where you don't expect anything from the business and all you want is your family to leave you alone by not asking you money remittence in the future. If that is the case, then send 5k and make sure you are clear on that these money is a loan. But then deep down in your heart please note all you saying is "leave me the heck alone to run my little life you modafockers". In this case, put the burdon on them of finding the nature of business and all the detail. Any business is good for you since you don't give rat's ass if it is successful or not!.
However, in the event you genuinely believe that your folks are good folks and you both can benefit from the business if you invest some money in them, 5k is too little too late!. You need to busty your ass and make money, girl!.
The first choice worked for me!. I put my folks a lot of burdon. The ball is on their courts. They are struggling and working their ass off and I am loving it!.
Someguy "One of the definitions of insanity is doing same thing again and again, yet expect different result".
your question is not simple one. You didn't give us a lot of details. For instance, the expericences of the family members who will run the business, their ambitions and their creditibility to run that business.
However, to give my two cents If I were in your shoes I would have asked myself If all I want is to get these monkeys off my back or if I really believe in my folks and think they can run profitable business and both you can benefit from.
To get monkey off your back scenario, is where you don't expect anything from the business and all you want is your family to leave you alone by not asking you money remittence in the future. If that is the case, then send 5k and make sure you are clear on that these money is a loan. But then deep down in your heart please note all you saying is "leave me the heck alone to run my little life you modafockers". In this case, put the burdon on them of finding the nature of business and all the detail. Any business is good for you since you don't give rat's ass if it is successful or not!.
However, in the event you genuinely believe that your folks are good folks and you both can benefit from the business if you invest some money in them, 5k is too little too late!. You need to busty your ass and make money, girl!.
The first choice worked for me!. I put my folks a lot of burdon. The ball is on their courts. They are struggling and working their ass off and I am loving it!.
Someguy "One of the definitions of insanity is doing same thing again and again, yet expect different result".
- RIIGHAYE
- SomaliNet Heavyweight
- Posts: 1356
- Joined: Wed Jan 12, 2005 8:25 am
- Location: When I recognize the special significance it has for African Americans and the special pride" McCain
Re: Business minded people help
Fresh ideas by Someguy.
Re: Business minded people help
[Any ideas people?]
I would suggest a small machinery for home/micro/small business. The idea is to provide a local product on a small scale. The product could be processed, packaged, canned, etc food, or any popular product that's imported. The quality and cost of a local product is a lot likely to be better than an imported one. That's especially true when it's produced on a small-to-medium scale. Your relatives need to study the market and identify prospective products they might be interested to produce. With regard to the machinery, you can find it in Europe. Used mechanized (with less electronics) machinery can be found at a favorable cost in Europe. I would also suggest to pay interest to Indian small machinery as they invent machinery that's very suitable for home/micro/small businesses in underdeveloped countries.
Some hints:
>http://www.galasource.com/products.cfm/Food-Preparation-Equipment.40
>http://www.galasource.com/products.cfm/Ice-Machines-Commercial-Ice-Machine-Makers.43
>http://www.galasource.com/products.cfm/Filtration-Systems.952
FOOD PROCESSING MACHINERY
FOOD PROCESSING EQUIPMENT
Food processing machinery and food processing equipment includes machinery used for a wide range of food processing processes, such as grinding of cereals, spices and other food particles. We are the manufacturers of food processing machinery - Grinding Mill, in which grinding media is Flour Mill Emery Stone which is manufactured by N.A. Stones with oxychloride process. Our Flour mill machine is good for health and easier in grinding. With this particular grinding media our food machinery is better than the one made of iron grinders. For in case of iron grinders, the grinding is done on high temperature which results in loss of proteins, vitamins etc. The chances of skin diseases and cancer also gets increased in iron grinders.
>http://www.sharadenterprises.com/food-processing-machinery.html
Also:
http://www.samosa-machines.com/
I would suggest a small machinery for home/micro/small business. The idea is to provide a local product on a small scale. The product could be processed, packaged, canned, etc food, or any popular product that's imported. The quality and cost of a local product is a lot likely to be better than an imported one. That's especially true when it's produced on a small-to-medium scale. Your relatives need to study the market and identify prospective products they might be interested to produce. With regard to the machinery, you can find it in Europe. Used mechanized (with less electronics) machinery can be found at a favorable cost in Europe. I would also suggest to pay interest to Indian small machinery as they invent machinery that's very suitable for home/micro/small businesses in underdeveloped countries.
Some hints:
>http://www.galasource.com/products.cfm/Food-Preparation-Equipment.40
>http://www.galasource.com/products.cfm/Ice-Machines-Commercial-Ice-Machine-Makers.43
>http://www.galasource.com/products.cfm/Filtration-Systems.952
FOOD PROCESSING MACHINERY
FOOD PROCESSING EQUIPMENT
Food processing machinery and food processing equipment includes machinery used for a wide range of food processing processes, such as grinding of cereals, spices and other food particles. We are the manufacturers of food processing machinery - Grinding Mill, in which grinding media is Flour Mill Emery Stone which is manufactured by N.A. Stones with oxychloride process. Our Flour mill machine is good for health and easier in grinding. With this particular grinding media our food machinery is better than the one made of iron grinders. For in case of iron grinders, the grinding is done on high temperature which results in loss of proteins, vitamins etc. The chances of skin diseases and cancer also gets increased in iron grinders.
>http://www.sharadenterprises.com/food-processing-machinery.html
Also:
http://www.samosa-machines.com/
-
- SomaliNet Heavyweight
- Posts: 3226
- Joined: Fri Apr 27, 2007 9:25 pm
- Location: Greater Majeerteeniya
Re: Business minded people help
rent a markab (boat), buy products from other countries in large numbers bring them to bosaso port sell them for double the price...thats how my poor cousin got wealthy
Re: Business minded people help
Appropriate technology
Appropriate technology is technology that is appropriate to the environmental, cultural and economic situation it is intended for. An appropriate technology, in this sense, typically requires fewer resources, as well as lower cost and less impact on the environment.
Proponents use the term to describe technologies which they consider to be suitable for use in developing nations or underdeveloped rural areas of industrialized nations, which they feel cannot operate and maintain high technology. Appropriate Technology usually prefers labor-intensive solutions over capital-intensive ones, although labor-saving devices are also used where this does not mean high capital or maintenance cost.
In practice, it is often something that might be described as using the simplest level of technology that can effectively achieve the intended purpose in a particular location. However, the terminology is not very precise.
E. F. Schumacher asserts that such technology, described in the book Small is Beautiful [1] tends to promote values such as health, beauty and permanence, in that order.
What exactly constitutes appropriate technology in any given case is a matter of debate, but generally the term is used by theorists to question high technology or what they consider to be excessive mechanization, human displacement, resource depletion or increased pollution associated with industrialisation. The term has often, though not always, been applied to the situations of developing nations or underdeveloped rural areas of industrialized nations.
It could be argued that "appropriate technology" for a technologically advanced society may mean a more expensive, complex technology requiring expert maintenance and high energy inputs. However, this is not the usual meaning of the term.
http://en.wikipedia.org/wiki/Appropriate_technology
Two interesting links:
http://www.approtechafrica.com/
http://www.newdawnengineering.com/
Appropriate technology is technology that is appropriate to the environmental, cultural and economic situation it is intended for. An appropriate technology, in this sense, typically requires fewer resources, as well as lower cost and less impact on the environment.
Proponents use the term to describe technologies which they consider to be suitable for use in developing nations or underdeveloped rural areas of industrialized nations, which they feel cannot operate and maintain high technology. Appropriate Technology usually prefers labor-intensive solutions over capital-intensive ones, although labor-saving devices are also used where this does not mean high capital or maintenance cost.
In practice, it is often something that might be described as using the simplest level of technology that can effectively achieve the intended purpose in a particular location. However, the terminology is not very precise.
E. F. Schumacher asserts that such technology, described in the book Small is Beautiful [1] tends to promote values such as health, beauty and permanence, in that order.
What exactly constitutes appropriate technology in any given case is a matter of debate, but generally the term is used by theorists to question high technology or what they consider to be excessive mechanization, human displacement, resource depletion or increased pollution associated with industrialisation. The term has often, though not always, been applied to the situations of developing nations or underdeveloped rural areas of industrialized nations.
It could be argued that "appropriate technology" for a technologically advanced society may mean a more expensive, complex technology requiring expert maintenance and high energy inputs. However, this is not the usual meaning of the term.
http://en.wikipedia.org/wiki/Appropriate_technology
Two interesting links:
http://www.approtechafrica.com/
http://www.newdawnengineering.com/
-
- SomaliNet Heavyweight
- Posts: 1223
- Joined: Mon Jul 30, 2007 11:34 am
- Location: YA MUMS YARD YA UNDERSTAND
Re: Business minded people help
We bought a truck for some relatives in Somalia a few years ago, They used to rent it out or transport goods for businessmen (the more profitable option), now they are doing well and have started their own business.
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