Hotel Or Private School: Which Business Is More Profitable?

A Member? Please Login  
type your username and password to login
Date: May 15, 2008, 07:42 PM
200895 members and 113150 Topics
Latest Member: MUSEDIKU
Nairaland [Nigerian Forum] Home Help Search Who is currently online? Login Register
Nairaland Forum  |  General Discussion  |  Business  |  Starting A Business  |  Hotel Or Private School: Which Business Is More Profitable?
Poll
Question: School busines or hotel business: which is more profitable?
Please Login or Register to cast your vote and view the results of this poll.

Pages: (1) (2) Go Down Send this topic Notify of replies
Author Topic: Hotel Or Private School: Which Business Is More Profitable?  (Read 1738 views)
top_kin (m)
Re: Hotel Or Private School: Which Business Is More Profitable?
« #32 on: March 24, 2008, 08:48 AM »

Hotel
Kaiser5000
Re: Hotel Or Private School: Which Business Is More Profitable?
« #33 on: March 24, 2008, 08:01 PM »

Hotel business is very profitable but I have to tell you that it comes with a lot of headache (speaking from experience). You should be ready to deal with unforeseen circumstance with customers, workers, local government, Police, PHCN (NEPA) etc Hotels attract all sorts of people.
With the power situation in Nigeria today you will spend most of your revenue on diesel, generator repairs or paying off NEPA. This will lead to raising prices to the level that depending on your location your clientele may not be willing to pay. Security is another key issue. You may have a hard time just breaking even. Proper planning and management is key.
Good luck with which ever you choose to go with.
santaa (m)
Re: Hotel Or Private School: Which Business Is More Profitable?
« #34 on: March 25, 2008, 03:56 PM »

Thanks
thupsie (m)
Re: Hotel Or Private School: Which Business Is More Profitable?
« #35 on: March 25, 2008, 06:16 PM »

I suggest you should invest in a Hospitality aspect i mean a Hotel because it is the Number #1 lucrative business in LAgos and Abuja only.

But,  money wey you go pay for license na him be gbege ohhhh!@#
santaa (m)
Re: Hotel Or Private School: Which Business Is More Profitable?
« #36 on: March 26, 2008, 05:01 PM »

You mean that you have to pay big money for licence,like how much could that be
brothlover
Re: Hotel Or Private School: Which Business Is More Profitable?
« #37 on: March 26, 2008, 07:03 PM »

guy go for the hotel stuff , and if you're done with it let me know,
OpeLovely (f)
Re: Hotel Or Private School: Which Business Is More Profitable?
« #38 on: March 27, 2008, 11:19 AM »

For quick money, i would say hotel business,

But for money in the long run, i would say School business.

You have to think of certain factors (Hotel) like:
* Is it going to be 3, 4 or 5 star hotel? The higher the star, the more money that will be pumped or invested into it.
* Is there a steady source of income that will cover the overheads (considering that hotels are usually seasonal like customers really come in the evenings/weekends/festive periods.

School:
* Do you have the funds to establish an average private school or one with international standards like well equipped laboratories, e.t.c.
* What is the standard criteria for teachers and what are their fundings going to be like?

For the school, you will have to be dedicated and passionate because it entails you updating to the current curriculum, ensuring your staff go for seminars/workshops, e.t.c
Osondust
Re: Hotel Or Private School: Which Business Is More Profitable?
« #39 on: April 01, 2008, 12:26 AM »

Hi
Hotel will be the best option, though it will cost you more money than setting up school and it is not all hotels that are successful so have that in mind. Consider Location as paramount to success, your targets market and the rating of the property etc all need to be considered. I am doing a degree course in hotel management in Dublin Institute of Technology at the same time working in hotel, there is money in hotel, particularly in room division, go for it.

There is little I can advise since I am not based in Nigeria to know the market potential, however I will be in Nigeria Jun, If you wish we could meet up and discuss this in detail.

regards
osondust
santaa (m)
Re: Hotel Or Private School: Which Business Is More Profitable?
« #40 on: April 01, 2008, 02:50 PM »

Thanks
Harus (m)
Re: Hotel Or Private School: Which Business Is More Profitable?
« #41 on: April 10, 2008, 03:14 PM »

Hey, the topic is concise and simple.        Smiley

You guys have 4gotten the theme (advantages and disadvantages of private school and hotel business, requirements and cost implications of the two business to be located outside central Lagos).

Please do put the theme in mind as u are posting your comments.
Evrybody is saying this or that is more profiatable but none came up with facts about requirements/cost implications.
Also remember "Outside central LAGOS"

Lets b of good help to each other.  Up NAIRALANDERZ!
Da Junta (m)
Re: Hotel Or Private School: Which Business Is More Profitable?
« #42 on: April 11, 2008, 01:57 PM »

Hotel is a more profitable business but the kind of lifestyle u live will go a long way to choose which to go into.
If u be groove man Cool then Hotel is for u but if u be gentleman  :)then u will have to go into School.

Because the kind of business u are into may lead u into stuffs u don't normally do.

I'm out Wink
raffite
Re: Hotel Or Private School: Which Business Is More Profitable?
« #43 on: April 18, 2008, 05:21 PM »




I CAN GO INTO PARTNERSHIP WITH ANY HONEST PERSON IN SETTING UP A HOTEL.

E-MAIL: SHERAFFITE@YAHOO.COM
PHONE: 08035070731



Osondust
Re: Hotel Or Private School: Which Business Is More Profitable?
« #44 on: April 19, 2008, 10:23 AM »

Hi raffite,

just emailed you;
 Starting A Waste Management And Recycling Plant  Cost Of Incorporating A Ltd Company At Cac  Agriculture in Nigeria ('Farming Business')  Page 2
Pages: (1) (2) Go Up Send Topic to Friend by E-mail Reply 
Google
 
Web www.nairaland.com
Sections: TV/Movies (2) Music/Radio (2) Celebrities Jobs (2) Career Romance Books Politics Sports Fashion Travel
Health Schooling Religion General(2) Business Webmaster Programming Computers Phones Cars & Trucks

Links: Page1 Page2 Page3 Page4 Page5 Page6 Page7 Page8 Page9 Page10

Nairaland is owned by Oluwaseun Osewa
Powered by: SMF, © 2001-2005, Lewis Media. All Rights Reserved.