Aston Lukoye
Maseno University graduate is valued at over KES 30 million at the age of 31. He owns a security company that employs over 80 employees. Among other things, they provide automobile patrol, surveillance cameras, and VIP security escorts.
Humble Start
Kibagendi’s businesses took off while he was at university.
“I used to buy secondhand T-shirts that were invariably emblazoned with Michigan State University or Ohio University.” We didn’t have any T-shirts like this for local universities. I began printing them for my colleagues, and before long, students from other educational institutions began requesting the T-shirts. They’d be gone in a flash.
“It grew in popularity. I began producing T-shirts for corporations. I spent the money I received from the Higher Education Loans Board (intended for tuition) on T-shirts and printing. I used to profit up to 200 per cent.”
Diversification
After graduating, he acquired more cars and launched another business which rents vehicles to large organizations. He expanded his business even further by opening a pharmacist, a marketing firm, and a full-service garage.
Kibagendi has entered the media market, launching online magazines.
Kibagendi operates an auto repair shop in Embakasi. Today, the centre has grown and is well-known among the many cabs that service the airport route.
The company has four certified mechanics on staff and is adequately prepared.
The automobile leasing company specializes in four-wheelers. They rent out the automobiles to corporations and high-profile individuals.
Networking
Kibagendi attributes his achievement to “extremely good networks,” which have assisted him in developing contacts with renowned businesses and opening up countless business prospects.
“I enjoy socializing.” I constantly advise young folks to get out and network. You obtain business prospects when you go out and meet people. If you go out and meet someone who is organizing a wedding and they require tents, chairs, flowers, and a sound system, that is a business opportunity even if all you do is link them to a service provider and get a commission.”
Advice for Start-ups
He warns startups against conducting business with “all the money in their pockets.” Instead, they should take the money to a financial institution, develop their credit, and take out loans to expand and diversify their operations.
Kibagendi says that businessmen should use caution while forming alliances. He claims that the incorrect business partner may easily lead to the demise of a very successful firm.
Watch him: https://youtu.be/VPqqbKmmXQQ
GIPHY App Key not set. Please check settings