Hello Nairalanders.

I am a Banker haven't put in 6 years but I am feed up with the industry and desire to do my own business. Therefore I am researching into several business to possibly start any.

I was recently introduced into the Car Tracking business by an existing staff of a Car track Company. The guy has technical background with relevant hands on practical experience. He is willing to work with me if I can provide the funding to start the business. He has given me start up estimate but I am trying to understand the whole stuff all by myself. Cos I know I must not gamble at all in business.

Please I want to ask Nairalanders if any one knows the prospects of such business and the regulatory issues ie required license etc, to operate such an organisation without infringing on the law.

I really want to do business right. I am a Finance professional with strong bias in credit structuring.

I will appreciate contribution.

Thank you.

i will not advice u to put ur money in a business u know nothing about

Dont see how its different from a business selling spare parts or car accessories. Worst case, a logistics or courier company.

They all dont need special licenses, but the lawyer incorporating your company should know best.

The telcos providing support might have their own requirements.

Ask your guy to snoop around.