What Business With R50k Capital Can I Start To Return R3k Or More Monthly?

[Sly21C]

So my older brother is starting to be a major liability. He is unemployed, has a matric and some post matric certificates, which means he won't be able to get a stable job easily. He is in his late 30s, and still lives with my parents.

He recently had a baby, born last year. He still drinks and smokes weed (could be nyaope). I thought he was going to change after the birth of the baby. I think he does this to forget about his problems?

I don't like the idea of financially supporting my nephew, while my brother does nothing. I think he sees me as his savior or something. I hate it when people who are able bodied want to be taken cared of, even after they are assisted.

So I'm at a point right now that I'd rather spend as much as R50k to invest in something, give it to him to run so he can earn money himself. And let him know that I will never support him again, that he must be a man and be responsible.

My question is, what business venture can I invest R50k so that my brother can work and earn money almost indefinitely? I don't like giving people money, I prefer teaching people how to fish. In this case, I spend R50k, with the peace of mind that he'll man up and be responsible.

I was thinking of those mobile toilets? I could buy like 5 of them or so (one is about R7k), meaning R35k total. He could then try get some business around the township. He could deliver those toilets via a bicycle with a mini trailer behind him. Since he still lives with my parents, and lives rent free and gets free electricity (I pay that), a minimum of R3k should be enough.

I know I know, R3k is nothing these days, and no one can survive on R3k. But believe me when I tell you that where I come from, people survive on R1k even.

Anyway, any business ideas? Apologies for the long thread.

 

[dunkyd]

Sounds like hard work......

 

[naeem]

Tough one, some would say 'invest in yourself' ie. education, studying etc. Not an immediate earn but long term benefits obviously.

Toilet thing could work, but advertising and getting hires could be a challenge. I'm not clued up on this so not sure how the maintenance aspect goes. ie. repairs, cleaning?, tanks etc

How about a carwash?

Fairly minimal
- rent could be about 5k?
- pressure washer 5k
- detergents, sponges, etc 5k
- vacuum cleaner 5k (something decent but not too high end)
- signage 2 to 3k


Obviously location is very important but it requires little to no skill, just a positive mindset and good service.


That said, my experience with stoners is not positive and they'll give you excuse after excuse and drain your 50k investment. Family is family i guess so not an easy road ahead. I do not envy you one bit, kudo's on your good heart though.


Other service businesses could include

- roof/gutter cleaning
- laundry service (could lead to a laundromat with some saving)
- buy a cheapie kombie (tough at 50k though) and do transport
- finance a vehicle and do Uber/Taxify?

Get a job? even something menial and basic and work your way up. Again stoners tend not to have much ambition so theres that.

Any particular skills? The dude is 30 years, surely must have something to offer between matric 12 years ago and now?

 

[saor]

How about taking 5k (or whatever) and make the business conditional on him doing some kind of course - business management, sales, whatever might help. He needs to do it and do well. If he's not prepared to commit to that, it's pointless handing him a business.

 

[Sly21C]

Sounds like hard work......

He must work hard, no one lives for free in this world. Everything has been monatized, so he must adapt.

 

[rietrot]

This is going to fail miserably.

 

[Nick333]

Get him an old one tonne bakkie. He can offer moving services, transport stuff, pick up and deliver building rubble, etc.

 

[stricken]

water (H2O)

 

[cupcake]

Idea's are a dime a dozen it's ALL in the execution!

Invest in a asset so it lowers the risk and definitely have a plan of action and conditions attached.

Or...

Invest in him! Send him on a skills workshop for building or plumbing because those type of trade's are always in demand.

 

[SauRoNZA]

I got confused somewhere between nephew and brother.

Either way it's a terrible idea.

 

[airborne]

If he's not motivated to make it work it's going to be more frustration for you and money down the drain. Running your own business is hard, for it to work you have to be highly motivated and persistent.

Try see if there is something that makes his eyes light up and look down that avenue if there are business opportunities, otherwise its pretty much guaranteed to fail.

 

[requiem]

If he's not motivated to make it work it's going to be more frustration for you and money down the drain. Running your own business is hard, for it to work you have to be highly motivated and persistent.

Try see if there is something that makes his eyes light up and look down that avenue if there are business opportunities, otherwise its pretty much guaranteed to fail.

Selling pot is illegal

 

[HavocXphere]

That sounds about as solid as giving a gambling addict money to fix his life. Running a biz is hard work & he doesn't sound like he's got the drive for it

He could deliver those toilets via a bicycle with a mini trailer behind him.

I must admit the mental picture is vivid

 

[ActivateD]

Hi Sly21c sorry to hear that about your brother and I do commend you trying to give him a purpose and all. As someone had said above if he is not self motivated you will be throwing money away. You need to find out what he is interested in and try nurture that without too much investment.

 

[Brawler]

Ask him for ideas?

If he can't think of 1 or 2 basic ideas for a 50k handout you are throwing money away, especially if its not his choice.

 

[PPLdude]

50k on vechain

 

[saturnz]

I'm a passive kind of person when it comes to income generation (I don't like to work) so my returns are not as high but I will nevertheless share my experience.

5 months ago I bought a trailer for R15k that I now hire out on a long term basis (5 years) at R300pm. On the open market the same trailer is usually hired out for R200 per day.

The effect is that the person on the other end of this deal covers his R300 rental quite quickly (he in fact hires it out to his neighbour 4 times a month at R150 day) and so everyone sort of benefits.

So yeah the scalability of renting out 50k of trailers is definitely there if you have space and willing to put in a little effort.

 

[Alton Turner Blackwood]

I got confused somewhere between nephew and brother.

Either way it's a terrible idea.

Huh? His brother had a baby boy which he (Sly21c) is indirectly supporting.

Anyway, sounds like my brother. Already in his early 30's and still living with our folks (read 'sponging', since he's in and out of menial jobs all the time)

 

[Sly21C]

Tough one, some would say 'invest in yourself' ie. education, studying etc. Not an immediate earn but long term benefits obviously.

Toilet thing could work, but advertising and getting hires could be a challenge. I'm not clued up on this so not sure how the maintenance aspect goes. ie. repairs, cleaning?, tanks etc

How about a carwash?

Fairly minimal
- rent could be about 5k?
- pressure washer 5k
- detergents, sponges, etc 5k
- vacuum cleaner 5k (something decent but not too high end)
- signage 2 to 3k


Obviously location is very important but it requires little to no skill, just a positive mindset and good service.


That said, my experience with stoners is not positive and they'll give you excuse after excuse and drain your 50k investment. Family is family i guess so not an easy road ahead. I do not envy you one bit, kudo's on your good heart though.


Other service businesses could include

- roof/gutter cleaning
- laundry service (could lead to a laundromat with some saving)
- buy a cheapie kombie (tough at 50k though) and do transport
- finance a vehicle and do Uber/Taxify?

Get a job? even something menial and basic and work your way up. Again stoners tend not to have much ambition so theres that.

Any particular skills? The dude is 30 years, surely must have something to offer between matric 12 years ago and now?

Thanks for all the ideas. One thing I didn't mention is he gets small gigs once in a while to drive and deliver goods using a truck. He would be asked to drive from joburg to Eastern cape, or to giyani, etc. But it doesn't pay much, and they call him up too infrequently.

I love the laundromat idea. There's an unused garage at home, I can buy some machinery, get people to bring in their clothes and my brother can run it. I can definitely try that.

How about taking 5k (or whatever) and make the business conditional on him doing some kind of course - business management, sales, whatever might help. He needs to do it and do well. If he's not prepared to commit to that, it's pointless handing him a business.

Excellent point!

This is going to fail miserably.

Let's be optimistic

Get him an old one tonne bakkie. He can offer moving services, transport stuff, pick up and deliver building rubble, etc.

Not a bad idea at all. He is actually well built, meaning he is physically fit and can do the manual labour himself, and drive around since he has ample driving experience.

Idea's are a dime a dozen it's ALL in the execution!

Invest in a asset so it lowers the risk and definitely have a plan of action and conditions attached.

Or...

Invest in him! Send him on a skills workshop for building or plumbing because those type of trade's are always in demand.

Investing in him is another approach, as opposed to me putting in R50k in some venture hoping he'll succeed.

I got confused somewhere between nephew and brother.

Either way it's a terrible idea.

My nephew is his child, who was born last year, lol.

Could be a bad idea, any suggestions?

That sounds about as solid as giving a gambling addict money to fix his life. Running a biz is hard work & he doesn't sound like he's got the drive for it

I must admit the mental picture is vivid

Yeah, throwing money at a problem is always a bad idea,and I have to be careful about this.

I didn't mention it in my OP, but gets gigs (casual labor) to drive long distances sometimes. My mom would tell me he is in kimberley for example and would come back in 2 days or so. But it's not frequent in anyway, and therefore unreliable.

Hi Sly21c sorry to hear that about your brother and I do commend you trying to give him a purpose and all. As someone had said above if he is not self motivated you will be throwing money away. You need to find out what he is interested in and try nurture that without too much investment.

Definitely something to think about.....

Ask him for ideas?

If he can't think of 1 or 2 basic ideas for a 50k handout you are throwing money away, especially if its not his choice.

I don't think I'll even mention to him how much I'm going to spend. If I do something, I'll buy/invest it myself and give it to him to run it, with conditions of course.

I must definitely ask for his ideas, I never tried that approach. I think my desire for quick solution, i.e. invest R50k and most problems will go away, might back fire.

50k on vechain

Not a bad idea at all actually, I'm assuming you are making a joke? Lol! I'll buy a Vechain Thor masternode (whatever they are called) and have him run it. Sometimes crazy ideas might not be crazy once they succeed.

I'm a passive kind of person when it comes to income generation (I don't like to work) so my returns are not as high but I will nevertheless share my experience.

5 months ago I bought a trailer for R15k that I now hire out on a long term basis (5 years) at R300pm. On the open market the same trailer is usually hired out for R200 per day.

The effect is that the person on the other end of this deal covers his R300 rental quite quickly (he in fact hires it out to his neighbour 4 times a month at R150 day) and so everyone sort of benefits.

So yeah the scalability of renting out 50k of trailers is definitely there if you have space and willing to put in a little effort.

This could actually work, good idea.

 

[Sly21C]

Thanks guys for all your ideas and advice. I have a lot to think about.