Good evening fellow nairalanders. Pls I need advice on what business to start with 200k. thanks

Try trading : Binary. U can start with 70k ($200). & make about 40% monthly

Op, depending on where you stay, your best bet is to start a distribution/mass sales of products from small and medium scale companies who aere trying to penetrate your area. You probably don't need up to 200k. with appropriate planning you could start with 100k and plough back the proceeds daily and in 3 months you would have recouped you initial investment.

There are so many people who have benefited from starting small distribution chains in their various neighbourhoods. You can even read various testimonies of their successes even here on Nairaland. Bread for instance is a great business. Biscuits are also distribute among mallams, pkantain chips and others. You must however think about it carefully before you start.

Karin001:
Op, depending on where you stay, your best bet is to start a distribution/mass sales of products from small and medium scale companies who aere trying to penetrate your area. You probably don't need up to 200k. with appropriate planning you could start with 100k and plough back the proceeds daily and in 3 months you would have recouped you initial investment.

thanks.

FOR YOUNG BUSINESS OWNERS ONLY

The YBLN Budding Entrepreneurs Programme is a carefully designed 6-week residential entrepreneurship that trains young people in specific business skills, young individuals with viable business ideas or existing businesses from diverse socio-economic backgrounds will be selected.
Our aim is to create a platform to empower young business minded adults to start their own businesses or further develop or expand an existing business. With the development and success of these businesses, the hope is to have a domino effect of helping other unemployed youths by each business employing at least a minimum of five (5) before December 2017.

Program Format

The YBLN Budding Entrepreneurs Program would take place over a 6-week period commencing from 3rd September – 16th October 2016. The program will feature academic and personal development content. Subsequently, continuous capacity building, free business advisory support, mentorship and networking opportunities would be offered to participants.
Site Visits
Experiential learning is a key component of this residential program and as a result, participants will visit the business and operational sites of some of Nigeria’s biggest, most successful or most promising enterprises. Trips would also be made to corporate offices where they will have the opportunity to test their knowledge with hands on practical tests. Core business skills such as supply chain management, product packaging and delivery, manufacturing, procurement and storage management would be taught during these instructor led visits.

Community Service
Another essential component of the program is community service. Learning the importance of giving back to the community and how it helps communities grow and flourish. It is also a means of empowering others and sharing what was learnt and skills acquired. Participants would provide their service and time free of charge to the selected communities.

Leadership Training
At the heart of the program is training a new cadre of responsible leaders that would in turn help lead their respective communities out of poverty and the unemployment cycle. Specific leadership, coaching, mentoring and reorientation would be emphasized throughout the duration of the program.

Team Work
Participants will acquire skills as well as learn and practice the importance of team work. Individuals will be divided into groups, be given tasks as teams and also live as flat mates. Close attention would be paid to the best teams and flat mate.


Age
Participants should be aged from 18-35

Gender
The program is open to both male and female participants, as each sex will make up 50% of the final candidates.

Location
Applications from candidates across Nigeria will be accepted but preference will be given to candidates from parts of the country worst affected by the unemployment epidemic in Nigeria.

Education
Basic education will be a pre requisite but no academic qualification is required in order for individuals to apply for the program. Applicants will be judged more on the strength and viability of their business.

Socio-Economic Class
Applicants from all socio-economic classes will be accepted. There would be no discriminations based on socio-economic class or other.

Key Attributes
Candidates must possess the following key qualities:
• A track record of personal achievements
• Evidence of work done within a community.
• Submission of a viable existing or proposed business plan or idea
• Candidate must exude passion and display initiative.

CLICK HERE TO APPLY: http://www.yblnigeria.com/bep/start-apply.php

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