pls i need urgent advise from nairalanders,

I'm planning to get a loan of about 500k from a bank but I still can't conclude on the type of business to go into, I'm considering the followings:

1.  A bus for transport

2. Opening an office where I would be repairing and selling laptops and all IT accessories since I'm a system(computer) engineer.

Pls I equally need other business ideas and how to write my business proposal that the bank might demand.

thanks in advance.

Who will drive the bus? Yourself? if not yourself, then you will be wasting time and money buying a bus for 500k and giving it to someone else to drive.

I think No2 will be your best bet.

@ walakolobo,

thanks for the piece of advise , I plan to drive the bus myself

i equally realised that 500k would not be enough to rent an office and get the furnitures necessary and stock the shop with the items I planned to be selling.

more advise plsss

pls note: if anyone is interested in the bus and can finance it, he/she should get in touch or leave his/her contact behind.

thanks

You can share office with some one for now. 500k is enough money to start something and grow your business. The computer repairs is good as people will always need your service.

Do you Consider the bus option?

Chairman, I bereg you in the name of God or whatever you hold sacred, Pleaaseee take your option 2.
Bus or transport business is no longer profitable as you may think in this country. Not with the "agberos' and area boys that the government as empowered to feast on the vulnerability of this commercial drivers. I pity them a lot. I have been a driver for 3 years (2001-2004) before I got admission to study in a university.

Please stick to the rave of the moment ICT. Yes, I agree you may have a problem getting customers and making sales and you may go hungry for a few weeks. Let this br your source if joy. On the contrary, if you take to transport you will make faster dough but, you will soon realise that it is only for the short while as you bus will soon fade away and start giving you problems. You will always be in the mechanic shop, you won't be able to pay for the police roger, agbero, area boys, FRSC, all all the wahalas.

Think about this properly my friend, you don't know me and i don't know you. option A has law of diminishing return and option B has law of increasing return and diversity.

GBAM!!!

@ exotica and asscend,

thanks very much for the advise, I originally preferred the ICT option. why i seemed to be hammering on the transport option is because of the fast money in it so i can quickly repay the loan but all that have changed with what exotica said, i would now settle for the ICT option. thanks very much.

@ Netsurf

Thanks for heeding to my advice. I was very passionate about this topic because, I regret my experience.
Once again thank you.