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With 1m Naira Budget, Which Is More Profitable Of These Two? - Business - Nairaland

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With 1m Naira Budget, Which Is More Profitable Of These Two? by Shirer(m): 4:18pm On Dec 12, 2017
Good day, great Nairalanders. I'm not here to bore you with frequently asked questions. I am just finding it difficult to choose between investing in either transport or restaurant business.
It is, potentially, a life-changing decision and I need your help in making it. I will manage the business full-time.

1 Like

Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by dingbang(m): 4:23pm On Dec 12, 2017
Biko delve into restaurant bizness...

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Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by Datevilme: 4:24pm On Dec 12, 2017
Both are profitable...my advise is that you go into the one you know more about. Experience pays, else you might just watch your funds sink.

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Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by 4kings: 4:24pm On Dec 12, 2017
Location would have an effect on the Restaurant.
But transportation is flexible in this regards.

So you can take into consideration the location of your restaurant.

1 Like

Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by tempest01(m): 4:36pm On Dec 12, 2017
if you can throw more light on the transportation business...


My guts is saying restaurant, if i was faced with this choice though.


but a more detailed background and your reasons for these businesses, assets and knowledge you have already would have helped in recommending one for you. best advise is to do a feasibility study on both. choose the one with a higher return on investment wrt time. According to milton friedman the sole aim of a business is to make profit.

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Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by HARDLABOR: 4:37pm On Dec 12, 2017
OP kari da moni kom let's do partnership business
Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by futurism: 4:49pm On Dec 12, 2017
Shirer:
Good day, great Nairalanders. I'm not here to bore you with frequently asked questions. I am just finding it difficult to choose between investing in either transport or restaurant business.
It is, potentially, a life-changing decision and I need your help in making it. I will manage the business full-time.
restaurant business if you ask me. Make sure your location is very busy place o where people work but no food.

1 Like

Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by Icecream4U(m): 6:01pm On Dec 12, 2017
Invest that money in beautiful girls... Na joke o! grin

On a serious note, if you won't be the driver, please, don't go near transport business.
Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by joinnow: 9:18pm On Dec 12, 2017
Assuming your money is 2mlm you for buy 2010-2012 Toyota corolla join uber sharp sharp. But your money no reach.
What more can I say
I wish you success

1 Like

Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by Godswillnwaoma(m): 9:27pm On Dec 12, 2017
joinnow:
Assuming your money is 2mlm you for buy 2010-2012 Toyota corolla join uber sharp sharp. But your money no reach.
What more can I say
I wish you success
how much can he be making per day if he take your advice.
Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by joinnow: 9:36pm On Dec 12, 2017
Godswillnwaoma:
how much can he be making per day if he take your advice.
when uber started it 250k monthly
But now its 150 - 180k monthly
Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by Shirer(m): 10:04pm On Dec 12, 2017
tempest01:
if you can throw more light on the transportation business...


My guts is saying restaurant, if i was faced with this choice though.


but a more detailed background and your reasons for these businesses, assets and knowledge you have already would have helped in recommending one for you. best advise is to do a feasibility study on both. choose the one with a higher return on investment wrt time. According to milton friedman the sole aim of a business is to make profit.

I have experience in neither. Just the willingness to learn. But I can cook though.
I think restaurant business can take a while before it gathers steam. On the other hand, transport business doesn't need any preamble before the driver starts picking up his customers.
Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by chinawapz(m): 10:13pm On Dec 12, 2017
Shirer:
Good day, great Nairalanders. I'm not here to bore you with frequently asked questions. I am just finding it difficult to choose between investing in either transport or restaurant business.
It is, potentially, a life-changing decision and I need your help in making it. I will manage the business full-time.
Run away from transport business if you are not the driver. Restaurant is profitable if it is not Local. Get a website for it which I can help you to design....(WhatsApp: 0-8-1-3-0-7-6-7-3-5-7)

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Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by Shirer(m): 10:22pm On Dec 12, 2017
Thanks for your comments and suggestions. I'll appreciate more advice however.
If I choose transportation, I hope to start with the mini bus since I'm not yet a professional driver.
Both businesses appear profitable, though it is not my main concern now. I wonder which one is easier to pull off successfully, considering capital layout.
Once again, thanks for your patience.
Re: With 1m Naira Budget, Which Is More Profitable Of These Two? by Futureinvestors(m): 7:00pm On Dec 15, 2017
Shirer:
Good day, great Nairalanders. I'm not here to bore you with frequently asked questions. I am just finding it difficult to choose between investing in either transport or restaurant business.
It is, potentially, a life-changing decision and I need your help in making it. I will manage the business full-time.

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