dear NLders, i have about 350K just laying in my bank account, i would want to invest it into a business that i will have time for but the issue is that i do not know what business to go into with such amount. please i would appreciate it if i am given ideas or clues on what business one can go into with such amount. thanks

fhranciz:
dear NLders, i have about 350K just laying in my bank account, i would want to invest it into a business that i will have time for but the issue is that i do not know what business to go into with such amount. please i would appreciate it if i am given ideas or clues on what business one can go into with such amount. thanks

I suggest poultry

Get close to who is into it

Depending on your area. If you live where 'Keke Maruwa' is allowed to operate, and you have a trusted person to handle it. it is a good one.

Dollarchap:
Depending on your area. If you live where 'Keke Maruwa' is allowed to operate, and you have a trusted person to handle it. it is a good one.

keke is not allowed in the area i stay in and also i would want to be involved in the business my self.

Although with this idea,you might have to add about 50- 80k to the 300...then make equiries on the kinda of car mostly used for cab purposes (its mostly golf 3 or Mazda)...buy one preferrably one that is already numbered so you won't have to start numbering again...tell one or two elderly men you know to look for someone they trust can handle the cab business(the man who brings the driver will also stand as a witness).then you give to him on agreement that when hed balance you extra 200-250k(depending on how lucrative it is in the state you stay) on top the 350k you spent,the car will be his own...I.e you will be getting roughly 600k in a space of one year...

Well, I dont think 300k would be sufficient to go into poultry buisness. You can understudy any poultry farm around you and see if the amount you have can start something small thereafter you can source for grants and loans to grow your business.

Well, some things have to be considered.

Where do you live now "State"?

Are you Driving?

Are you busy with anything as in school or other job?


Please answer this questions and we'll take it from there

fhranciz:
dear NLders, i have about 350K just laying in my bank account, i would want to invest it into a business that i will have time for but the issue is that i do not know what business to go into with such amount. please i would appreciate it if i am given ideas or clues on what business one can go into with such amount. thanks

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ydass:
Well, some things have to be considered.

Where do you live now "State"?

Are you Driving?

Are you busy with anything as in school or other job?


Please answer this questions and we'll take it from there

I am in kuje area of abuja and currently doing a small job but planning to quit very soon to enable me plan for my masters, so I would need the source to be my income provider. Thanks

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kunlesufyan:
Although with this idea,you might have to add about 50- 80k to the 300...then make equiries on the kinda of car mostly used for cab purposes (its mostly golf 3 or Mazda)...buy one preferrably one that is already numbered so you won't have to start numbering again...tell one or two elderly men you know to look for someone they trust can handle the cab business(the man who brings the driver will also stand as a witness).then you give to him on agreement that when hed balance you extra 200-250k(depending on how lucrative it is in the state you stay) on top the 350k you spent,the car will be his own...I.e you will be getting roughly 600k in a space of one year...

best and most feasible advice so far

fhranciz:
dear NLders, i have about 350K just laying in my bank account, i would want to invest it into a business that i will have time for but the issue is that i do not know what business to go into with such amount. please i would appreciate it if i am given ideas or clues on what business one can go into with such amount. thanks

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Laundry business is a small scale business that can be established at the back of your house and requires small capital to establish one. This is a business that can fetch the owner of the business a lot of money in short period of time.
When establishing a laundry business, the most importance material is availability of clean water. Although water is very cheap here in Nigeria.
Materials needed to start the business
• 12kg washing machine
• 7.5kv generating plant
• Dryer
• Two pressing iron; steaming iron and ordinary iron
• Two tables; one for washing and the other for ironing
• Shelve
• One standing industrial fan
• 1kg spraying can
• Tagging gun
• Buckets, brush, hangers, laundry nylon.

Dryer is used for urgent service and in the next thirty minutes the cloth is dry and ready for ironing.
Steaming iron is used to iron plain trousers and suits while the ordinary is used to iron other types of fabrics
Spraying can is used by filling with water and spray on cloth when ironing for easy smoothing.
Tagging gun is also used for tagging identities to the customers’ clothes for easy identification.
The most importance service of the laundry business is good ironing and packaging. Someone can wash clothes with 100% stains free but ironing maybe 0% or packaging 0%. How will the customers feel happy or sad?
With #300k one can establish one and before a year of operation, he would have recover more than amount invested in the business.
Thanks

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