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Nairaland Forum / Nairaland / General / Business / How Profitable Is Rental Business? (24329 Views)
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Re: How Profitable Is Rental Business? by Nobody: 9:23am On Feb 28, 2013 |
mollie12:when i say this kind of business will phase out with time, i speak with authority as an enterprenuer with 12 years experiences forcasting and operating successful in harsh business environment of ours with annual 6 digit of turnover in chains of business nt just mere beautification of managerial parlance. when you want to evaluate a the life span of a business, you take an holistic view of such business. Nigerian are good in using words to beautify a situation. You said ''strategy'' can u please highlight or itemise one, two, three, four etc workable strategies one could employ in this kind of business? In any business u draw a SWOT analysis and if the threat is more than the business strength and opportunity, u let go nt just mere use of word oga |
Re: How Profitable Is Rental Business? by WAP: 10:33am On Feb 28, 2013 |
I have a Poultry, I invest in Stock, Treasury bills and Fixed deposit. akonucheinfo: |
Re: How Profitable Is Rental Business? by WAP: 10:34am On Feb 28, 2013 |
akonucheinfo:I have a Poultry, I invest in Stock, Treasury bills and Fixed deposit |
Re: How Profitable Is Rental Business? by citypulseng(m): 6:13pm On Feb 28, 2013 |
JudismphD: when i say this kind of business will phase out with time, i speak with authority as an enterprenuer with 12 years experiences forcasting and operating successful in harsh business environment of ours with annual 6 digit of turnover in chains of business nt just mere beautification of managerial parlance. when you want to evaluate a the life span of a business, you take an holistic view of such business. Nigerian are good in using words to beautify a situation. You said ''strategy'' can u please highlight or itemise one, two, three, four etc workable strategies one could employ in this kind of business? In any business u draw a SWOT analysis and if the threat is more than the business strength and opportunity, u let go nt just mere use of word oga Oga Ade, I have a sister who runs the business in Ebute Metta. The lady u were trying to shrug off has told u the truth. Secondly, virtually every participant in this forum is an enterpreneur of sort. So using that same SWOT analysis of yours, specifically how do u hope to phase out chair rental business? You mentioned hall, event centres etc... Are they not meant for the elites & middle class? Need I start mentioning the number of open spaces, fields, school compounds and various available space are used for parties on weekends? Did the event centres pose any challenge to them? @Poster, carry on with your dream jor! 3 Likes |
Re: How Profitable Is Rental Business? by presegsADESIDA(m): 6:58pm On Feb 28, 2013 |
citypulseng: You are blessed for this. 1 Like 1 Share |
Re: How Profitable Is Rental Business? by pekelepekele(m): 3:03am On Mar 01, 2013 |
a1solution: what if u draft out an agreement paper so dey sign and pay if there is any damage when returning ur stuffs? People won't pay you for damages easily they will want to charge the case to court and wait for what the judge decides and it can take you about 3 to 6months to recover damages just from a single client |
Re: How Profitable Is Rental Business? by legalwealth(m): 10:47am On Sep 19, 2014 |
a1solution: what if u draft out an agreement paper so dey sign and pay if there is any damage when returning ur stuffs? Sure! It has to be on your invoice and you also need to tell them by mouth when they are placing their order for them to be cautious of how people handle the items since they know they will pay for damages! !! |
Re: How Profitable Is Rental Business? by legalwealth(m): 11:05am On Sep 19, 2014 |
pekelepekele: Lol! Most damages won't go to that extent of getting to court for a judge to decide over it. Most clients will be careful as well and in should in case it happens and the clients does not want to pay for damages,you'll just overlook it depending on the gravity of the damages counting as lost. N.B:No business is without risk or loss! !! 1 Like |
Re: How Profitable Is Rental Business? by oboks: 9:48pm On Feb 01, 2015 |
Equipped bread bakery for lease at igbo-elerin, okokomaiko, lagos. Contact-08139321081. |
Re: How Profitable Is Rental Business? by jta2012(m): 7:00pm On Jun 01, 2015 |
This biz is very lucrative as confirmed in the many service providers that survived since the early 1990s till now but u can expand ur horison by seeing more @moneyreportsng.com Thanks |
Re: How Profitable Is Rental Business? by docchuks(m): 10:45am On Jan 13, 2016 |
This kind of business will soon fade out with time with the influx and stiff competition from multi-purpose hall owner, event centre and hotels, even unvierstities and polytechnic halls not left out of this, offering such services at cheaper rate. My dear forcast better b4 u plung ur money. Go ask phone busines owner, Nipost, cafer owner wetin telecom companies do to their business? Clock on Phone self don spoil wrist watch business, cheap blenders don spoil grinding machine busines 4 pepper seller. Na only Nepa busines dey boom, d noise on buy ur inverter and generator set no fit yet. PHCN is hail oThat's just the truth...Canopy rental business is fading out. |
Re: How Profitable Is Rental Business? by rodrigo13: 11:43am On Aug 19, 2022 |
I'd say it depends, but in general, it's quite profitable. If you manage to improve your working process and automate your routine tasks with different solutions like https://www.igms.com/features/channel-manager/ , then it won't take you long to start making good money, but there are many aspects that you need to consider as well. |
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