5 Businesses You Can Invest In During Economic Hardship - Business - Nairaland
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| 5 Businesses You Can Invest In During Economic Hardship by wristbangle: 1:09pm On Jul 19, 2015 |
An adage says "Tough Time Don't Last but tough people do". When the going becomes so tough, the tough rugged it to the end. Same is not the case of the economic lullaby of Nigeria where the smartest hit the ground most. Owing the rate at which naira value is depreciating coupled with economic pressure from drop in oil prices, the naira depreciation itself will soon discover oil. Because of these circumstances people are frustrated, investors are discouraged, businesses are folding up, etc. But there are some lucrative business one can invest into without regretting and these business are; Food Even though the agricultural sector is facing economic pressure, people cannot do without eating. This is a significant business someone can venture into without biting his/her fingers. Commodities like food and cash crops fall under this category which has made subsistence people to becoming huge and commercial FMCG owners. We should recall that Aliko Dangote kick off his business tycoon idea from this sector. Health services As a result of the pressure and dangers people face daily, deteriorated health condition sets in as people visit hospital and pharmaceutical centres. I have never seen a pharmacist store which recorded low customers turn up except if their products is fake. So either there is recession or not, this is a business one can invest in. Retail Discount Business Large retail store outlets like spar, shoprite, etc provide fair price commodities to customers using their financial muscle. With the scintillating and friendly atmosphere, customers will be willing to sacrifice luxury goods for cheap but quality goods as manufacturers of these cheap goods make profit. Alcohol and Fun Business No matter how hard the economic situation maybe, companies like Nigeria breweries, Guinness, etc make profit. So in order to wipe away sorrow and depression, people visit lounges, bars, peppersoup joints, cinemas, shows and listen to music which brings money to those people in the business. Recharge card business Statistics show that almost 70% of Nigerian population are active mobile subscribers (either voice/data). Recharge card don't get spoilt like perishable goods and it is a business one can start from as people can't do without making call or surfing the internet. 1 Like 2 Shares |
| Re: 5 Businesses You Can Invest In During Economic Hardship by Nobody: 1:17pm On Jul 19, 2015 |
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| Re: 5 Businesses You Can Invest In During Economic Hardship by fastlane84: 7:06pm On Jul 19, 2015 |
Nice write up |
| Re: 5 Businesses You Can Invest In During Economic Hardship by wristbangle: 9:28pm On Jul 20, 2015 |
| Re: 5 Businesses You Can Invest In During Economic Hardship by Nobody: 9:43pm On Jul 20, 2015 |
Lol dere is no profit in recharge business maybe like #10 or #20 u will get as ur profit. Nice writeup tho |
| Re: 5 Businesses You Can Invest In During Economic Hardship by wristbangle: 11:28am On Jul 21, 2015 |
MhizDeedy: Lol. N10 or N20 x 1000 pieces equals N10,000 or N20,000 perhaps in a day or 3days. Na money oo! Thanks 4 appreciating it. |
| Re: 5 Businesses You Can Invest In During Economic Hardship by DeGenius3(m): 11:32am On Jul 21, 2015 |
thanks for the wonderful write up. See Below For A Business That Survives Any Kind of Bad Economy, Seriously
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| Re: 5 Businesses You Can Invest In During Economic Hardship by Nobody: 11:40am On Jul 21, 2015 |
wristbangle: Lol u re a good business man ooh  U wlcm tho |
| Re: 5 Businesses You Can Invest In During Economic Hardship by wristbangle: 11:42am On Jul 21, 2015 |
| Re: 5 Businesses You Can Invest In During Economic Hardship by Toks2008(m): 6:08pm On Aug 02, 2015 |
wristbangle:08023146046 you can reach me on that. |
| Re: 5 Businesses You Can Invest In During Economic Hardship by wristbangle: 6:10pm On Aug 02, 2015 |
Toks2008: Thanks boss. |
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