Almost everyone have ever come across 50K which he/she owned legally.What did you do with that money?Did you got an idea that you were one step away from being a millionaire?
Here,you just need to think of a bussiness which have a capacity of earing 3K per a single day.
Lets focus on this kind of a bussiness
This kind of bussiness will be favourable in rural areas where there is adequate grass for feeding your donkey and there is less competition from machines as compared to urban areas.
This is how you are going to use your capital.
Purchase a wide and a strong pulling cart with half of the money that is 25K.Use the remaining 25K to buy a mature healthy donkey.
This is where you will be getting income from:
1) From constrution sites.Remember that nowadays rural areas are developing at a higher rate.This means that construction sites might face shortage of water due to competetion from other sites.
In these sites also you can offer transport of doors and windows from the nearest welding centres
2) Still in those rural areas there are still rented houses where water is in high demand,there are farming activities where transport of fertilizers and harvested products will be needed.
income per month
A cart have a capacity of holding 20 cans where each can holds 20litres of water.
You will be purchasing each can for 5bob and be selling it for 20bob.So your total profit per trip will be (20bob - 5bob)= 15bob × (20cans)= 300 per trip.
Due to high demand of labour one have a capacity of making a minimum of 10 trips within a day.
Total earning per day will be (300 × 10trips)= 3,000
Lets count that the feeds for the donkey per day will contribute upto 100shillings since you have to provide energetic feeds eg pollad.
This means that your earning per day will be (3,000 - 100feeds)=2,900.
so per month you will have (2,900 × 30)= 87,000.
income per year
when you calculate this amount by twelve months the answer will be (87,000 × 12)= 1,044,000.
With a million shillings,you can now swicth to other more profirable bussinesses.
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