You Have Money And You Need Business Ideas?

to stumble on money is one thing and to indeed know what next is another thing,  the best advice is,  are u ready for the challenges ahead? most people come in contact with so much money at their disposal but unable to manage it effective and efficiently , so the best way to go about it, is to always have plans ahead in life so that one will not be found wanted when opportunity springs up, investing in stocks and shares are still the vry best bet,  or to look out for some other legitimate online business.

419 comot for here!
wuru wuru!

lol 

two outstanding responses so far in my opinion.
Naijcutee gave practical albeit low cost business initiative while
Naijaecash emphasized some critical principles behind a successful business venture.

I am neither in the group of those having an idea but lacking adequate financing nor having the finance with no idea. I have a bit of both and studying a few projects/ products to see how viable they will be in the Nigerian market.

Naijacutee and Naijaecash thanks to both of you.

@mazia
Thanks for the compliment.

The need for one to get knowledge cannot be overemphasised. It is a pity that too many people are suggesting business ideas while they have not asked the potential entrepreneur the relevant questions needed to determine if the idea is feasible for that particular individual or not.

The usual style of jumping on the bandwagon because everybody is doing it is not a good way to go about building a successful business. You may assume you know what others are doing to succeed, but until you go in you may not understand that there is more to it than that. If you must jump on the band wagon then do it with as little cash as possible, because the probability of loosing the money is almost 90% (ignorance is very expensive)

For every business, you need to learn the TRADE and also learn the TRICKS (this take time, hard work and persistency) So why will you start a project that you will eventually abandon after wasting Money and Energy?

There has been a lot of useful suggestions in this thread. I especially enjoyed Naijacutee recommendations. Anyone seriously considering starting a business should go through the thread again and jot down the points mentioned. He will then be in a better position to make a good decision. When he or she has decided what kind of business to do (base on his passion and other factors) he can then return to ask specific questions. Maybe someone will even be willing to give a free feasibility report for such business.

That is the way I see it. It is a waste of time if I recommend that you start a photography business (covering weddings and other ceremonies) when I know nothing about the way you feel in the midst of strangers . Get to know yourself and what you are passionate about first, then you can come back to ask specific questions that will get specific answers. There are experienced entrepreneurs in the house that will be glad to lend you a helping hand. Cheers.

Dear Investors,

We are a startup that is involved in creating media (TV/film, web, and Mobile) content.

We’d be looking for a single investor who can put up a minimum of 5 million Naira.

Part of your funds will be used to produce a dummy episode of a unique interactive TV program that has a consistent revenue generation model - for marketing to (a) TV network(s), advertisers, and sponsors (because this approach works better in convincing these targets). The rest will go into developing and executing a marketing campaign, design and launch some websites, and acquire some basic IT solutions (short codes, etc).

We also have very promising novel mobile content concepts that has to be developed to a certain level before it can be marketed to telcos.

Interested investors should kindly send me a mail using the firm’s e-mail address on our website www.c-edgemedia.com so that a meeting can subsequently be arranged where detailed info will be made available. Please note that any ROI expectations will likely be from the third month from the date of investment. It may be sooner but that’s just to let you know what you will be getting into.

It’s a very painful decision when you have to come to a public forum like this to solicit for investors to help you keep your firm going; but like the say, it’s  better to own a part of what is working than a whole of what is not working. Besides, if Lee Iacocca could do something similar for Chrysler motors in 1980, and Raymond Dokpesi, for AIT, who are we to begin form big boys?

Thank you Seun, for a forum like this; and everyone else, for reading.

hello nairalanders!!!,does any one think that cctv systems(live cams) that records who comes and goes would function well for nigerian banks!??

I encourage everybody in this thread to get the Book E-myth revisited, why most small businesses don't work and what to do about it, by Micheal E Gerber. I am saying this because, I am little bit a disturbed about, how many, of the posters in this thread write about businesses  etc as if businesses are a play in the park. Money is involved here. Kindly get the recommended book, its a must read for small business owners or the like minds.

I do think that the best approach to a thread like this would be, listing down business problems that need solution in your neighborhood, school or even work place rather than just business ideas that you have seen someone else doing,

Most Nigerian small businesses primarily fail because they try to copy what someone else is doing. Mind you I am not talking about perfecting it, or differentiating it. Please suggest ideas that are problems not ones that have solutions already implemented in the market.

I am ready to invest in any structured idea, that does not cost more than a million naira, with a ROI of at least 1.5 years and a positive NPV. A well structured business plan must be written, and you must be ready to employ someone to work in the business not  you becoming the technician, the manager and the entrepreneur at the same time. That is I don't want someone that has a business idea that wants to work in the business rather than working on the business.

@ Kazey

If you really mean to invest, I'l say you are welcome. We had a test run last year with a small staff strength of 8, customer base of about a hundred and recorded a profit rate of 10% on sales. We are at the moment preparing to launch out fully. We are moving up to at least 20 employees just to handle a section of town.

Talk of less than a million, I'll say nay! We are not going off the ground with less than 2M,  (even that will be with some compromises). A delivery vehicle alone go swallow close to 1M bro (not to mention of bikes).  But we are looking to different sources for investment (you may subscribe as one). We propose that all purchases be done in the name of investors as security.

If you really want to invest, you can reach me by e-mail to discuss details of the Business plan and Contracts.

Its good to start small, but I have seen that even small is relative (even the test run called for over half a million in investment). It is good to read books, but there is no end to learning. Adequate planning and study will always be ADEQUATE right?

@PClay,
 Send me your biz plan. kayode.muyibi[at]gmail.com .

  Fair enough. Invest in HornyHoney and you can go to sleep as your investment generate free funds, lol 

Naija brothers and sisters rocks! You cannot beat our imagination! Very soon, this thread will make news in the dailies. "Idle Funds meet Investors and they live happily ever after"

Just kidding. I am keeping a tab on this thread to learn new things, but the last post made me laugh. Cheers.

Get a job, that would fetch u about 20k a month, which is about 5k a week.

Talking of business ideas; does anybody know about lia sopia jewelry? Any advisor in Nigeria? I am interested in it but need to go through an Advisor.

hi everyone, for those who are interested on learning how to start your own business, manufacturing business, e.t.c. click on this link www..net/starterpack

 How do I become a sales rep/ distributor (eg for designer labels clothings) in Nigeria and what is the average/minimum capital required?

@Kizzy check the website of the designer clothings you want to represent and find out what they require
it is a good idea I know someone who is in Nigeria and is doing it for some companies,she specialised on wedding gowns.So choose  one or two items to specialise on. You can just have few of the items as sample  to encourage your prospective costumer to check out the website select what they want  but you have to arrange it so that your costumers can only order through you and not direct from the website.The clothing company will give you a link to their website without the price display while you have one with the prices for each item.Goodluck
Let us know how it goes.