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Many Nigerians Do Not Know What To Do With 20 Million,do You? - Business - Nairaland

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10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 / What Business To Invest In Nigeria With 20 Million Naira / Please ,what Profitable Business Can I Do With 20,000 Naira. (2) (3) (4)

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Many Nigerians Do Not Know What To Do With 20 Million,do You? by fmgold: 10:51am On May 03, 2010
A friend from abroad wants to invest 20million naira,he has consulted several people,but the investment plan came up short. i remember as a student of economics in my 100level,we were given an assignment "how will you invest 1million naira?" and most of us failed it.u will think its easy,but lets see "how will you invest 20million"?please let your response be practical.
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by madlady(f): 11:08am On May 03, 2010
1.Buy land and build property.
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by omolayo1(m): 11:25am On May 03, 2010
INTRODUCTION: EARTH MOVING EQUIPMENT

BUSINESS DESCRIPTION

Outsourcing is the key strategy in this Business where a client /company come to lease or hire your equipment/truck for a said agreed term and rate per day (8hrs) or payment per trip in term of trucking i.e. haulage of products.

Nigeria being a developing country requires massive infrastructural development in term of road, earth dam, parks, canal channelization and drain. Lagos and other state are trying to improve its capacity for service delivery to its populace, where new construction sites are springing up daily; these sites engage professional leasing company to execute the strategic plans in land preparation such as bush clearing, levelling, excavating, construction works and sand filling.

Earth moving equipments such as Bulldozer, Excavator, Pay-loader, Roller, Grader and Low-bed (carrier) are used daily at enormous cost associated with the industry for this project. Specialised company such as Julius Berger, PW, OGORMA and Hi-tech are fully engaged and overstretched interms of equipment capacity. They now also sublet contract to equipment vendor to execute on their behalf and pay upfront.

PRODUCTS /SERVICES

In this business your products and services you always sell is your integrity as a person and your equipment performance within the period of usage. The widely used brand is caterpillar because of its durability, strength and knowledgeable of the equipment by the technician.

A key parameter in this business is for your staff to be conscious of safety at all time and use the equipment for its original purpose.

Over the year private and public have engaged service of non professional to handle equipment rental without technical expert to run and maintain the business. But a technical person with fore-knowledge of the business and large data base of clients and agents can start with only one equipment and move the company to enviable position with proper accounting best management practice.

THE MARKET

The equipment leasing / rentals have annual turnover of over #4Billion in operational capacity either procurement/rentals. It’s a big market awaiting major player to step in and advantage of the incentives that come with the business. The only major players in the business are: TRI-STAR equipment rentals, Samchase equipment, PTS equipment, OGORMA and Badewa group. The market is so large that requires newcomers’ every day. A key advantage is that all these companies cannot meet the needs of all the clients.

Good equipment will achieve result in no time while boosting the image of the company. Equipments such as Bulldozer, Excavator and Pay-loader can either be indirect or direct lease to a company or place in daily rental of #75,000, #80,000 and #55,000 respectively with a projected forecast of 15/18days when starting business operation and maximum of 22/24days per month at peak period.

Our strength lies in our ability of having foreknowledge of the business, knowing the agents and cartel that control the business industry with prompt customer satisfaction, good maintenance plan in place, we will be the company sort after in our chosen field. The client engages the equipment for 8hrs/day for various contracts i.e. daily, weekly or monthly. This contract must be accompanied with a contract agreement duly signed by both parties and payment made upfront in cash or open cheque.

MARKET STRATEGY AND SALES

Market strategy adopted in this business of leasing/rental is commission base system where agents is been paid 5% commission on whatever contract signed; by doing this we will built a network of customer around us and break into the cartel that control the business with maximum patronage on booking.

Maintenance is also a key factor in equipment leasing; if your equipment has less downtime the client cartel will always recommend the equipment to other. Proper maintenance prolongs equipment life span (preventive/plan maintenance rather than breakdown); the equipment requires servicing after running 180-200 hrs of operational time.

The operator must daily greasy all moveable part of the equipment. It’s strictly recommended that after using the equipment for a period of 3year should be put on sale to cut down maintenance cost and downtime.

The staff professional conduct and safety precaution during operational hours go a long way in customer satisfaction and help to maintain good relationship.













DEVELOPMENT

The equipment leasing and hiring strives most during the dry season than the raining season. More emphasis on income generation will be harness during the dry season. Land preparation the advent of the business toward the quick achievement of desire result in construction industry and many companies invested their larger parts of their resources toward this.

The current road network situation in the country will be an added advantage to the business to pave the way of elevation to its peak success. To provide solution to this road problem, there is a need for large use of heavy weight equipments which will be an added advantage for whoever who is investing in the business now.

MANAGEMENT

The day to day running of the business lies in the hands of the manager who oversee/inspect the machine and its place of work (site) for safety reasons. The success of the business rest on manager and the operator of the machine, they are responsible for the equipment, inspect the site of work and recommend the right machine to be used. Manager must ensure that operator carry out the basic maintenance check on equipment and submit report on the weekly activity. There would be an office where the machine(s) will be parked when is idle and it will be easy access location to prospective clients. With the introduction of commissioning system put in place, one will be able to use as many agents to networking for the company. This in turn will make the equipment in particular to have maximum patronage (booking).







REDEFINNING OF PLAN

The investor has an opportunity to comment, contribute or adjust the above business planned by bringing his opinion. Negotiation on the operation or financial package is also welcome. A proper M.O.U with equity sharing of the business should be put in place.

you can call me for further info on 08059239292 or 07025866759

FOCUS IS SUCCESS!!!!!!!!!!!!!!!!
DO THE RIGHT THING AND LOVE WHAT YOU DO

OMOLAYO AYODEJI
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by OnyeBabe1(f): 12:09pm On May 03, 2010
I would go into commercial farming, it is good business except if you are looking for easy money.
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by omolayo1(m): 12:12pm On May 03, 2010
INTRODUCTION: EARTH MOVING EQUIPMENT

BUSINESS DESCRIPTION

Outsourcing is the key strategy in this Business where a client /company come to lease or hire your equipment/truck for a said agreed term and rate per day (8hrs) or payment per trip in term of trucking i.e. haulage of products.

Nigeria being a developing country requires massive infrastructural development in term of road, earth dam, parks, canal channelization and drain. Lagos and other state are trying to improve its capacity for service delivery to its populace, where new construction sites are springing up daily; these sites engage professional leasing company to execute the strategic plans in land preparation such as bush clearing, levelling, excavating, construction works and sand filling.

Earth moving equipments such as Bulldozer, Excavator, Pay-loader, Roller, Grader and Low-bed (carrier) are used daily at enormous cost associated with the industry for this project. Specialised company such as Julius Berger, PW, OGORMA and Hi-tech are fully engaged and overstretched interms of equipment capacity. They now also sublet contract to equipment vendor to execute on their behalf and pay upfront.

PRODUCTS /SERVICES

In this business your products and services you always sell is your integrity as a person and your equipment performance within the period of usage. The widely used brand is caterpillar because of its durability, strength and knowledgeable of the equipment by the technician.

A key parameter in this business is for your staff to be conscious of safety at all time and use the equipment for its original purpose.

Over the year private and public have engaged service of non professional to handle equipment rental without technical expert to run and maintain the business. But a technical person with fore-knowledge of the business and large data base of clients and agents can start with only one equipment and move the company to enviable position with proper accounting best management practice.

THE MARKET

The equipment leasing / rentals have annual turnover of over #4Billion in operational capacity either procurement/rentals. It’s a big market awaiting major player to step in and advantage of the incentives that come with the business. The only major players in the business are: TRI-STAR equipment rentals, Samchase equipment, PTS equipment, OGORMA and Badewa group. The market is so large that requires newcomers’ every day. A key advantage is that all these companies cannot meet the needs of all the clients.

Good equipment will achieve result in no time while boosting the image of the company. Equipments such as Bulldozer, Excavator and Pay-loader can either be indirect or direct lease to a company or place in daily rental of #75,000, #80,000 and #55,000 respectively with a projected forecast of 15/18days when starting business operation and maximum of 22/24days per month at peak period.

Our strength lies in our ability of having foreknowledge of the business, knowing the agents and cartel that control the business industry with prompt customer satisfaction, good maintenance plan in place, we will be the company sort after in our chosen field. The client engages the equipment for 8hrs/day for various contracts i.e. daily, weekly or monthly. This contract must be accompanied with a contract agreement duly signed by both parties and payment made upfront in cash or open cheque.

MARKET STRATEGY AND SALES

Market strategy adopted in this business of leasing/rental is commission base system where agents is been paid 5% commission on whatever contract signed; by doing this we will built a network of customer around us and break into the cartel that control the business with maximum patronage on booking.

Maintenance is also a key factor in equipment leasing; if your equipment has less downtime the client cartel will always recommend the equipment to other. Proper maintenance prolongs equipment life span (preventive/plan maintenance rather than breakdown); the equipment requires servicing after running 180-200 hrs of operational time.

The operator must daily greasy all moveable part of the equipment. It’s strictly recommended that after using the equipment for a period of 3year should be put on sale to cut down maintenance cost and downtime.

The staff professional conduct and safety precaution during operational hours go a long way in customer satisfaction and help to maintain good relationship.













DEVELOPMENT

The equipment leasing and hiring strives most during the dry season than the raining season. More emphasis on income generation will be harness during the dry season. Land preparation the advent of the business toward the quick achievement of desire result in construction industry and many companies invested their larger parts of their resources toward this.

The current road network situation in the country will be an added advantage to the business to pave the way of elevation to its peak success. To provide solution to this road problem, there is a need for large use of heavy weight equipments which will be an added advantage for whoever who is investing in the business now.

MANAGEMENT

The day to day running of the business lies in the hands of the manager who oversee/inspect the machine and its place of work (site) for safety reasons. The success of the business rest on manager and the operator of the machine, they are responsible for the equipment, inspect the site of work and recommend the right machine to be used. Manager must ensure that operator carry out the basic maintenance check on equipment and submit report on the weekly activity. There would be an office where the machine(s) will be parked when is idle and it will be easy access location to prospective clients. With the introduction of commissioning system put in place, one will be able to use as many agents to networking for the company. This in turn will make the equipment in particular to have maximum patronage (booking).







REDEFINNING OF PLAN

The investor has an opportunity to comment, contribute or adjust the above business planned by bringing his opinion. Negotiation on the operation or financial package is also welcome. A proper M.O.U with equity sharing of the business should be put in place.

you can call me for further info on 08059239292 or 07025866759

FOCUS IS SUCCESS!!!!!!!!!!!!!!!!
DO THE RIGHT THING AND LOVE WHAT YOU DO

OMOLAYO AYODEJI
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by cosmaria(m): 3:34pm On Jun 07, 2010
just recapitalize my growing business, coskosh@yahoo.ca
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by odejayi200(m): 2:28pm On Jul 03, 2010
i am into oil and gas(down stream),this is the kind of biz u can put this money into and get good profit in no time.call me on 08055051674 for more info
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by jumiparet: 12:35pm On Jul 06, 2010
Hi There?

You Might be interested in Genuine Financing for Petroleum Products Supplies Contract. Duration of Investment is 4 weekly, it is revolving and we will Collaterized your Fund. Returns are about 100% Monthly or More.

Call on +2348088365849 or Email: retsonbiz@gmail.com

With N13m (Thirteen Million Naira Only, we can Securely lift Black Oil using a 3,000MT Vessel to Lagos ex-outside bar for ready buyers and Let me repeat there are Guarantees. We will Collaterize the Fund with Housing Properties and to make it Easier for the Investor, You can delegate a Bank 2 Bank Transaction for Funds Safety.

I am in Akure, Ondo State and you are free to meet with me Immediately. We are ready to go, when you are ready to commit.

You can reach me here +2348088365849 or Email: retsonbiz@gmail.com

http://www.facebook.com/retson.tedheke

Regards

Retson Tedheke
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by Nobody: 6:31pm On Jul 06, 2010
^^ u and this ur oil stuff, is it by force?
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by olaydee: 10:40pm On Jul 06, 2010
N20M??

With less than N10M i can start a 3MT capacity groundnut oil processing factory;

OR

with N6M i start distributorship, say of Juice. that gives me a return of atleast 400k profit monthly.
I can go on and on
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by makajibbz(m): 10:55pm On Jul 06, 2010
all you guys are dumb!
@poster,
Buy a large area of land in areas like sango ota,lagos (where you get them very cheap).
Build a standard football,Basketball camp with recreational parks around it.
With a hard metal net-like gate around it,(for security)
Install flood lights in the football/basketball grounds for more people to come during late hours = more money flowing.
After putting finishing touches on this project, believe me people around the populous city in africa will rush just to come in play football/basketball and have fun in the parks with their famillies.
Charge about 50-200 NAIRA for each adult coming into your land (half-a-day access) maintain the football pitch and park grass, and just watch your money flow in! speaking from what i've seen here!!!
Quickly do this before the Government does,
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by Nobody: 11:35pm On Jul 07, 2010
makajibbz:

all you guys are dumb!
@poster,
Buy a large area of land in areas like sango ota,lagos (where you get them very cheap).
Build a standard football,Basketball camp with recreational parks around it.
With a hard metal net-like gate around it,(for security)
Install flood lights in the football/basketball grounds for more people to come during late hours = more money flowing.
After putting finishing touches on this project, believe me people around the populous city in africa will rush just to come in play football/basketball and have fun in the parks with their famillies.
Charge about 50-200 NAIRA for each adult coming into your land (half-a-day access) maintain the football pitch and park grass, and just watch your money flow in! speaking from what i've seen here!!!
Quickly do this before the Government does,


u are the dumbest
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by makajibbz(m): 8:09am On Jul 08, 2010
odiaero:

u are the dumbest
where's your idea?, smartman
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by Nobody: 8:22am On Jul 08, 2010
makajibbz:

where's your idea?, smartman
i do not need to share ideas anymore, am just angry u called everyone here dumb, and look at wht u just came up with, i wonder where in lagos u will set up this kinda bizness, is it in Island where 200 or 300million can hardly buy a land, and we are talking about a land more than the size of a football pitch which may cost u up to 700 million, while u hv only 20million, or which part of lagos are u talking about?
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by makajibbz(m): 8:32am On Jul 08, 2010
odiaero:

i do not need to share ideas anymore, am just angry u called everyone here dumb, and look at wht u just came up with, i wonder where in lagos u will set up this kinda bizness, is it in Island where 200 or 300million can hardly buy a land, and we are talking about a land more than the size of a football pitch which may cost u up to 700 million, while u hv only 20million, or which part of lagos are u talking about?
soory uncle.
In outskirts like sango ota where 2plots of land costs about 200,000 to 400,000 Naira. you calculate it!
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by Nobody: 8:35am On Jul 08, 2010
makajibbz:

soory uncle.
In outskirts like sango ota where 2plots of land costs about 200,000 to 400,000 Naira. you calculate it!
i bet the security and the people willing to come to that place will be flop
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by makajibbz(m): 8:39am On Jul 08, 2010
odiaero:

i bet the security and the people willing to come to that place will be flop
A standard football pitch? are u kidding me,Nigerians love football besides,how far is sango from man-lagos.
Security will be established by the millionaire guy, no big deal,what do thieves wannna steal? grass
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by Nobody: 8:47am On Jul 08, 2010
makajibbz:

A standard football pitch? are u kidding me,Nigerians love football besides,how far is sango from man-lagos.
Security will be established by the millionaire guy, no big deal,what do thieves wannna steal? grass
hehehehhe, it seems u dont knw that everything in nigeria is free, who do u think will want to pay u money to get into the pitch? when te knw they are many schools by the conner to play football or the stadium which is free, u will only earn nothing
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by makajibbz(m): 9:30am On Jul 08, 2010
do you know how many amatuer teams and academies are in Lagos and Ogun state,over 5000 (speaking from experience) they'll kill to train in a standard pitch. who told you everything is free? when i used to play in an amatuer academy we rent the field for about N2500 per day,so we trained once a week. (for about 10% standard,that you cant find a sign of grass in the whole pitch).
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by Nobody: 12:10pm On Jul 08, 2010
which amature are u talking about, hv u ever been to national staduim lagos? there is a pitch there last time i visited which was used 4 the last under 17world cup or whtever, the teams training in the rough pitches are too broke to pay 4 that pitch, demand 50naira frm players as a coach and tell them that who so ever that did not pay will never be allowed to play, u will see that u the coach will be left alone to use the entire pitch
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by makajibbz(m): 11:02pm On Jul 08, 2010
then its left for them, if the pitch is standard,even the Nigeria youth teams will undoubtedly camp there, will they camp for free?
If any of our youth teams (from U-14 to U-21) camp there,it will attract more people to pay to come inside the premises to watch the players train. Thats= more money.WRONG or RIGHT?
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by obojo(m): 4:22am On Jul 09, 2010
Get into the car business, Import cars and sell, or take the 20m and donate it to charity, you will be rewarded 10 fold in the long run
I run a charity organization grin
Re: Many Nigerians Do Not Know What To Do With 20 Million,do You? by Nobody: 11:49am On Jul 10, 2010
@ maka, wrong

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