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Nairaland Forum / Nairaland / General / Business / Advisable Business To Start With 70000 During This Recession (615 Views)
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Advisable Business To Start With 70000 During This Recession by biz9ja(m): 10:34am On Dec 19, 2016 |
A friend of mine asked me this question, he said doing business is next for his life since he has been unable to secure a good job after his NYSC. Now I have given him few businesses I think he can but seems not yet satisfied. Nairalanders I trust you all but please reasonable ones, he resides in Ibadan. |
Re: Advisable Business To Start With 70000 During This Recession by eph12(m): 10:55am On Dec 19, 2016 |
biz9ja:With 70k? In this present time? He will end up losing the money for nothing |
Re: Advisable Business To Start With 70000 During This Recession by grownaira: 11:27am On Dec 19, 2016 |
Buy 50kg rice. repackage in 1Kg packs. sell for N400-N500 per pack. Target school hostels as ur customers. You are starting small now, who knows, tomorrow you might own the largest rice mill in Nigeria. |
Re: Advisable Business To Start With 70000 During This Recession by isaackenshaw: 11:30am On Dec 19, 2016 |
He can try set up a bet shop. |
Re: Advisable Business To Start With 70000 During This Recession by isaackenshaw: 11:32am On Dec 19, 2016 |
Own a business and work part time |
Re: Advisable Business To Start With 70000 During This Recession by biz9ja(m): 11:35am On Dec 19, 2016 |
isaackenshaw: Bet shop? |
Re: Advisable Business To Start With 70000 During This Recession by biz9ja(m): 11:36am On Dec 19, 2016 |
grownaira: I think you made sense, a bag of rice goes for 20k and if he sell at 500*50 that is 25...... |
Re: Advisable Business To Start With 70000 During This Recession by grownaira: 11:39am On Dec 19, 2016 |
biz9ja: You got my point. That's more than 20% profit. Besides he can get a bag at less than 20k |
Re: Advisable Business To Start With 70000 During This Recession by isaackenshaw: 11:40am On Dec 19, 2016 |
Everything is on the highside. Many things are luxury now.be a middle man in many deals. |
Re: Advisable Business To Start With 70000 During This Recession by isaackenshaw: 11:43am On Dec 19, 2016 |
Bet shop is cool. There is cashflow if the person is |
Re: Advisable Business To Start With 70000 During This Recession by isaackenshaw: 11:45am On Dec 19, 2016 |
Packaging of farm produce is cool. |
Re: Advisable Business To Start With 70000 During This Recession by rosade: 1:03pm On Dec 19, 2016 |
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