Good day Nairalanders. Please pardon my grammatical blunders. I need your advice on how to start a business and also whether there is any special law against it or not. I Am in one of a remote area in a south Western State.
To access an Automated Teller machine (A.T.M)one would have to transport to a neighboring town to withdraw cash because there is no bank. In a bid to solve the problem for my people and to earn some cool cash I'm thinking about whether to apply for a Point of sale (P.O.S) device and be using it for people as an A.T.M.
Note: my vision of the new business is that before Any one can be able to withdraw Cash, 20% will be deducted from the account.
This will reduce the cost of transportation and waiting for a long queue my people experience on a daily basis before they can withdraw cash and also it will help my already existed business.
I need your opinion and view on this new line of business

A very fantastic idea.... It is was they used in my area in in a island in delta state...I must tell you this is a vast growing business saving people the stress to go far distances before making transaction.

0-5000 commission is #300.

5001-10000 is. #500..

like that... . sha

.but i mst warn don't let ur commission be to High.
GoodLuck

Great idea...i am into .same business but if u don't av good or solid security arrangement in place then u are yet to start o..........goodluck

otunba9ja:
Great idea...i am into .same business but if u don't av good or solid security arrangement in place then u are yet to start o..........goodluck

Thanks so much, as someone who already have a vast experience of the business sir, what are the things to be done in order to put security measure in place ?

[quote author=Fapta post=50824178]

Thanks so much, as someone who already have a vast experience of the business sir, what are the things to be done in order to put security armed police men, install cctv and emloy a

20% is too much, I think 10% will do tho