At 120,000 active membership, the Zimbabwe Business Ideas and Network forum has become the biggest business forum in Zimbabwe. Our focus is on startups with a good number of medium scale businesses.
Our growth has taken us a good decade as its complex to network strangers. The good news is we keep pushing with our target of a million active membership by 2030. The high engagement by our membership is highly encouraging as this also allows us to easily conduct surveys. And one of the surveys was on the riskiest businesses in Zimbabwe and our findings are captured below;
- Mining
- Mabhero (Second hand clothing)
- Betting
- Online Forex Trading
- Crypto Currency Trading
- Ponzi schemes (E-Creator, MMM and others)
- Transport businesses(Kombis, mshikashika and trucks)
- Boutiques
- Tuckshops
- Fish Farming
Of course these are general responses from more than 400 members. The observation is lack of researches before plunging into business. Many are just plunging in and meeting the same fate of failure. Those doing enough researches and through experience, are thriving in most of the sectors considered too risky. Take for instance online forex trading-this is a complex area where one needs to spend a considerable amount of effort in learning before starting earning returns.
You do not just join the mining industry today and tomorrow profits are flowing. Get rich quick mentality is often disastrous. Every business is risky and remember the adage-the higher the risks, the higher the profits. We can add the experience curve to the mix. Get the skills and experience and eventually it will work out no matter the business that you choose.
