I started a restaurant with Ksh. 500,000 but failed, this is what i did to revived it
Some months ago I was faced with a hard decision to make. I had 500,000 shillings. At some point I wondered how I would spend this money for really I wanted an investment in my life since I was getting old hence there was nothing my generation would benefit from despite having been working for a long time now started having some thoughts of splashing the money by hosting a party with my friends. I was not a drunkard but I was just tempted to.
I also went to a point of even having thoughts of spending the money with women but obviously that was not my final thought. Investing the money to a business was y final thought. I had not done any kind of business before and hence this would be my fist trial in my lifetime.
I went settled for mini restaurant business in Kisumu County as I came from that particular county. I had much hope that the business would give me fruitful profits and after sometimes I would expand it to a more top class entity. This was not what I expected.
After doing the business for a month, I was counting losses, due to bad pricing, and other expenses that cosset my business at that particular time. I never consulted anyone before I settled for the business at that particular time.
Having used half a million shillings to settle the business, it was really painful for the business not to yield high profits hence the beginning of my woes.Through my challenges I kept on persisting. I decided to never give up.
After three years of trying my business finally started picking up. The secrete was reinvesting my profit back in the business. This meant I had more stock and my profit margin would increase. I increased the menu I was offering and this meant customers had more options.
After two ears of growth, I opened a second restaurant in the nearby town and by good luck. It picked up much quicker that I expected.
Am now a millionaire as we speak. I would like to advise anyone who is venturing into business to trust the process. Start however small it is but consistency is what will keep you in the market.
You might not see the profits instantly but eventually things will work out.