Recent content by henock

  1. henock

    Hi - Aspiring Entrepreneur

    Theres big turnover here too. People are getting richer (well, west rich) and more and more people are starting to get into the middle class. The "Born Frees" are starting to graduate and enter the workforce in droves (Born Frees are people born, well, free. Namibia got independence from...
  2. henock

    Hi - Aspiring Entrepreneur

    This is an untapped market.  We are 20-50 years behind the west in development so there's still time to cash in.
  3. henock

    Hi - Aspiring Entrepreneur

    Lenders here are pretty generous to local entrepreneurs. They want to encourage local business owners so much one of the big banks here (FNB) has come up with a SME empowerment fund that has set aside N$100m (+-US$7.47m) for loans for small businesses. You can only ask max N$3m though...
  4. henock

    Commercial Kitchen Capacity

    You just flip flopped on me. Wait a minute . . . . , your name!
  5. henock

    Hi - Aspiring Entrepreneur

    US$225k is not a lot of money. Interest is purposefully low here for SMEs (Small, Medium Enterprises). I will be aiming to put a serious dent in company debt by Year 3.
  6. henock

    Hi - Aspiring Entrepreneur

    I will be able to pay them back in 3 years.  They both offered me 3-5 year option to pay back.
  7. henock

    Hi - Aspiring Entrepreneur

    This is exactly what in talking about, it must be possible.  I will be looking to start a more high end operation. I definitely will leave all the cooking stuff to the professionals. We have good chefs here and because there are quite a few culinary schools pumping out graduates the wage cost...
  8. henock

    Hi - Aspiring Entrepreneur

    I don't mean to diminish your advice, its solid. I was just defending the fundamentals. What you said will greatly increase the chances of the business succeeding. 
  9. henock

    Hi - Aspiring Entrepreneur

    LOL.
  10. henock

    Hi - Aspiring Entrepreneur

    Money is the language of businessmen, ultimately if someone is trying to run your business into the ground then your bottom line will glaringly point it out. Business acumen is the only, the ONLY thing that will determine whether you fail or succeed. If you have any you will never be at the...
  11. henock

    Commercial Kitchen Capacity

    Everything is overpriced there. Like i said, minimum wage here is US$1.20 while people there are fighting for US$15! Here thats a person with a degree, and not in liberal arts either, like in engineering or something. A good scale is this, cabs here have a uniform price of 75 US cents. It i can...
  12. henock

    Hi - Aspiring Entrepreneur

    This is strange debating this with an american. Well im good for taking the initiative to start the business. The money i borrow will be in my name, hence it will be 'mine'. That'll be at stake and im pretty sure if i dont pay back the debt im ruined for life from ever getting a loan again...
  13. henock

    Commercial Kitchen Capacity

    Modes of delivery, type of advertising, employee remuneration scales, type (or brand) of equipment to buy that can get the job done, everything. I also work top-down, as in the chef will be given what we call an "allowable" in the construction industry. They wont just be making dishes and then...
  14. henock

    Hi - Aspiring Entrepreneur

    Not long, a week or two maybe. For an experienced person it will take even shorter because its basically moving parts. Presumable they have already put together a kitchen so its a matter of coming up with an ordinary kitchen (presumable from a previous project) and re-fitting it to my case: ...
  15. henock

    Commercial Kitchen Capacity

    The finances are my expertise. I can play around with various things to make the business profitable. True, but they could still make it. That is my question, can it be made? If yes im pretty sure there is food that travels well i can market and i have the logistics expertise and experience to...
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