What is the best business to invest in if you have $300.000.00 that has been saved for the past 20 years, tired of living overseas.
Thinking of buying laptops in bulk and selling low in volume. Already have some investment in stock, no longer interested in more stocks.

My dear, I have been in the Nigerian business for more than 20years. The business strategies to survive and thrive in nigeria include: * Make sure you diversify by all means. In this country, DIVERSIFICATION is the name of the game. Dont streamline ur investment, while u specialize in your own field IT(?), try to get other TRUSTED specialists in their own areas to network with. Have u noticed why big names like Dangote, Adenuga, Jim Ovia, Pascal Dozie, Otedola, Obasanjo(yes) etc have divers areas of interests? You either diversify or you crucify ur hard-earned inverstment.
*Beside that, the ability to manage people is a vital management skill in business the world over, but in the nigerian business terrain, that is the GREATEST management skill! You dont go far beyond your doorpost if you lack it. People management also include the ability to identify, recruit and KEEP reliable workforce.

Thanks father ab.
I have done a lot of business with family and friends and it is just difficult when you are not on the ground, everybody is looking for ways to swindle you. What I am looking for is some businesses where you deposit say #5mil to 10 and will get supply in bulk and can supply to retailers.

father ab:

My dear, I have been in the Nigerian business for more than 20years. The business strategies to survive and thrive in nigeria include: * Make sure you diversify by all means. In this country, DIVERSIFICATION is the name of the game. Dont streamline your investment, while u specialize in your own field IT(?), try to get other TRUSTED specialists in their own areas to network with. Have u noticed why big names like Dangote, Adenuga, Jim Ovia, Pascal Dozie, Otedola, Obasanjo(yes) etc have divers areas of interests? You either diversify or you crucify your hard-earned inverstment.
*Beside that, the ability to manage people is a vital management skill in business the world over, but in the nigerian business terrain, that is the GREATEST management skill! You don't go far beyond your doorpost if you lack it. People management also include the ability to identify, recruit and KEEP reliable workforce.

I realy cherrrrrish your advise, and it shows that you're a real father in the game.

I'm a businessman also based in italy, I've been having these nightmare of relocating in nigeria due to don't know how thing are been run over there.
the area I want to focus is wine bar,restuarant, disco bar, hotels areas. I don't know how to get things started.

@Oziomatv,
10Q 4 ur appreciation.
Concerning ur area of business, I think if u want 2 kickstart in Nigeria, try to locate it/them where the market is. If u begin a wine/disco bar in a state where alcohol is an offence or u open a hotel where there are no tourism prospects, then ur investment is truancated. Actually, one doesnt need 2 do what every other person is doing if you really want 2 make a difference. So you need not get worried or afraid of how things are run here. Maybe when u make ur intentions known like where u want 2 site it, how big u want 2 start, etc then i can give a more relevant advice.

@mufasaus,
Why involve family and loved ones in business? There are negligible exceptional cases where friends and families can be trusted and entrusted with business, but usually, getting a reliable team of retailers who u directly oversee or indirectly oversee THROUGH a reliable major distributor will yield results.

@poster
You need to come home to acclimatise and do some fact-finding for 3-6 months
You do not want to do these things by proxy

CREATING A PRODUCTIVE BUSINESS STRATEGY

Whenever you set out to a new destination, what do you do? Consult a map to help you navigate your way and avoid getting lost, right? This also plays in business and the corporate world. Taking new bold steps is what companies that wish to grow do every day. On these new, unfamiliar roads and journeys, the only thing that guides companies from getting lost and hitting a dead-end is a business strategy.

Whether you’re looking to start a new business, set new priorities, grow or expand, launch a new product or service, plan your investment decisions or any other major business decision, you’ll need a business strategy. The truth is that a good number of business owners and corporate heads know that they need a business strategy for their business. However, where the problem comes in is when it comes to developing a business strategy. This is because creating a business strategy can be tricky to the unprofessional eyes.

We bring you six steps to creating a productive and effective business strategy to help you scale your company’s business strategy development.
First Step: Gather the Facts

For you to make a successful journey, you need to consider every necessary factor. So before you start moving ahead with the business strategy, you should review your past performance, current situation, and expected outcomes. Look out for what worked well in every part of your business and consider ways to make the lapses better. Also, examine the opportunities and resources that’ll help you actualize the aim. One of the tools that can help you achieve this step in business strategy development is the SWOT analysis. This means Strength, Weakness, Opportunities, and Threats. Look internally for strengths and weaknesses and externally for opportunities and threats. During this stage, it’s vital to involve the right people and collect the most relevant data.

Second Step: Develop a Vision Statement
This is an essential step in the business strategy development process. This vision statement should describe the future direction of the company and should be based on a medium to long term base. It should describe the organization’s purpose and values and should be aimed at achieving the company’s core goals.

Third Step: Develop a Mission Statement

Just like the vision statement, the mission statement defines the organization’s purpose. However, the mission statement includes the company’s primary objectives. This focus on what needs to be done in the short term base to realize the long term vision. For the vision statement, you may want to answer the question; “Where do we want to be in 5 years.” For the mission statement, on the other hand, you may want to answer the questions below;
• What do we do?
• How do we do it?
• Whom do we do it for?
• What value do we bring?

Fourth Step: Identify Strategic Objectives
At this stage, the aim is to develop a set of high-level objectives for all areas of your business. This stage is where you highlight the priorities and inform the plans that’ll help you deliver your company’s vision and mission. A good review of the first step will help you stay in line and incorporate your identified strengths and weaknesses into your objectives. Ensure your goals are SMART (Specific, Measurable, Achievable, Realistic, and Time-bound) and include KPIs (Key Performance Indicators) and budget requirements. https://corporateshepherds.com/organizational-effectiveness-modules/

mufasaus:
Thanks father ab.
I have done a lot of business with family and friends and it is just difficult when you are not on the ground, everybody is looking for ways to swindle you. What I am looking for is some businesses where you deposit say #5mil to 10 and will get supply in bulk and can supply to retailers.

How much do you want to be earning as daily income when you come back to Nigeria ?