Esteemed Magazines April - May 2008 | Page 6

Investing wisely PAGE Cleaning your way to success Becoming a winner is pegged on one great decision. To be a winner. very lucrative business of cleaning other peoples laundry. When you consider the middle aged women who go round estates seeking temporary assignment to clean launIt starts from the mental and dry may not have much else to do; but one heart felt decision to be a thing is certain. They do walk away with success and not fall short of enough income to last a week. this. This edition brings you the For a load of wash, they will earn between Kshs. 100 and Kshs. 250 If they wash for two people, that would mean Kshs. 500 per Saturday and Kshs. 2,000 for a month if they work Saturdays only. If however the same lady does one wash load everyday - Monday to Friday for Kshs. 200 and two on Saturday, that adds up to Kshs. 1,400 per week and Kshs. 5,600 per month. The client provides the water, the soap and the washing basins. So because we consider that everyone wants to earn, we will avoid the target market of these ladies and go for a more uncovered ground. Boarding students in high schools, colleges and universities. Apart from the high school students who live within the school confines, the rest live in hostels. The business idea Set up a laundry mart in the vicinity of hostels and high schools. Why? To free up the consuming time taken when doing personal laundry ier for the students How will it work for college and university students? By setting up a self running Set up is the same as that of Students are shown how to operate the machines. The students come with their laundry to the laundry centre, within the school compound. The centre has a reserved quantity of detergent for every kilogram of wash. Each student uses the machine on a first come first served basis Benefits? Students can get to read and socialize more as their laundry is cleaned Students are less tired and their clothes are cleaner and more presentable as they also get to use the facilities of ironing and starching the high school. It may however be outside the hostel because of the management rules For busy students, you can have one or two staff members to do the laundry for them in exchange for a higher fee. The fees charged are worth the hassle saved What do you need to set up? 1. Conduct a research to assess the viability of the idea in your intended area of operation 2. Business plan 3. Proposals for the institutions you will need to approach 4. Capital to: buy the initial equipment and consumables market your