Hi all, can you give me some unbiased advice.

I am a Cisco/Network engineer by profession with design, support and implementation skills.

What kind of business can one start back home?? How difficult is it to set up a business and what are the pros and cons, the obstacles and the easy paths.

I was thinking of starting a medium scale poultry farm and a small IT business but I am not on the ground and need some advice based on the current circumstances.

Thanks,

There are so many N.I.D thinking of starting a business one way or the other (based in nigeria or based abroad)
It just seem its almost impossible to have a business without being there yourself

Perhaps partnership is the way to go, share the brain share the risk!

Medium scale poultry, agriculture, fish farming and co would be profitable with proper planning and loyal employees

Another is rental business, boutiques, shops and resturants

Thethy:

See: http://www.businessdayonline.com/index.php?option=com_content&view=article&id=2845:grasscutter-farming-solution-to-job-loss&catid=81:entrepreneur&Itemid=198

Ive seen several of your posts
I think the grasscutter business is also very viable
from your articles the budget outlay, staff is always missing though
what are the rough estimates of cost outlay, number of staff required, space etc

Thanks for your advice guys

@ poster,

From the words of Anthony Robbins: Anything you invest in that eats while you sleep is a bad investment.

@Poster,

Problem is when you're not on the ground, na wahala. And I find  it's very difficult finding whom to trust, especially when looking for partners / employees. It's even more worrying considering that many people (business partners included) there can do ANYTHING to get their hands on your money!

I decided a long time ago never to undertake any physical venture unless I'm willing to relocate. The only investment I'm willing to do remotely is the stock market / organized private sector where I'm not a majority holder in the venture.