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Business To Start With N500,000 In A Rural Area In Lagos - Business - Nairaland

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Business To Start With N500,000 In A Rural Area In Lagos by phadriz(m): 5:18pm On Nov 10, 2017
Dear Nairalanders,

A friend is planning to move to his house in Ikorodu, gberigbe to be precise early next year, he works in Victoria Island and need advice on business to start with N500,000 in that area while he continue with his paid job pending the time the business will be sufficient enough for him to resign.
Please note that his wife is available to supervise the business.

Thank you.

Mod, please move to front page for advice
Re: Business To Start With N500,000 In A Rural Area In Lagos by polimaf(m): 7:49pm On Nov 10, 2017
Rural electrification... solar panels
Re: Business To Start With N500,000 In A Rural Area In Lagos by Fxmanager(m): 8:07pm On Nov 10, 2017
phadriz:
Dear Nairalanders,

A friend is planning to move to his house in Ikorodu, gberigbe to be precise early next year, he works in Victoria Island and need advice on business to start with N500,000 in that area while he continue with his paid job pending the time the business will be sufficient enough for him to resign.
Please note that his wife is available to supervise the business.

Thank you.

Mod, please move to front page for advice


We are here for you. Your #500,000 can currently give you an average of #25,000+ monthly return investing with us after performance fees. And if you want an average monthly return of more than #260,032 after 48 months of your investment with us, you can do so using compound interest in your investment with us. This means after 4 years of your investment with us using compound interest, you will be getting a average monthly interest/income of more than #260,032 assuming you decide to start withdrawing your monthly interest. This will be possible as long as we stay under our working risk of 5-10% of your capital, and the maximum permissible risk of 30% to your capital. Note: we are doing everything possible to stay under 10% risk to our potential investor’s capital.

At 5% average monthly returns using compound interest without withdrawing funds from your account, your #500,000 will grow to more #5,200,635+ in 4 years time (48 months).

How is it possible to turn #500,000 to #5,200,635+ in 4 years?

It is possible through the power of compound interest as explained below.

Compound interest is the concept of adding accumulated interest back to the principal sum, so that interest is earned on top of interest from that moment on. The act of declaring interest to be added to the principal is called compounding.(I.e you decide to add the earned interest to the initial principal in the investment going forward)

Monthly compound interest formula
We are using monthly here ,since we are talking of monthly returns.
The formula for Monthly compound interest, including principal sum, is:
A = P (1 + r/n) (nt)
Where:
A = the future value of the investment, including interest(returns)
P = the principal investment amount (the initial deposit amount)
r = the monthly interest rate(returns) in decimal.
n = the number of times that interest is compounded per month (in this case once or one time)
t = the number of months the money is invested
Note that this formula gives you the future value of an investment, which is compound interest plus the principal. Should you wish to calculate the compound interest only, you need this:
Total compounded interest = P (1 + r/n) (nt) - P
Or simply
Total compounded interest =A-P
Let's look at an example
Compound interest formula (including principal):

A = P(1+r/n)(nt)
If an amount of #500,000 is invested with us and we return a monthly interest rate (returns) of 5%, the value of the investment after 48months (I.e 4 years) can be calculated as follows...
P = #500,000. r = 5/100 = 0.05 (decimal). n = 1 (since we are compounding it once a month. t = 48.
If we plug those figures into the formula, we get:
A = #500,000(1 + 0.05 / 1) ^ (1(48)) = #5,200,635
So, the investment balance after 48 months (4years) is #5,200,635
Methodology
Step-by-step explained, how we get the #5,200,635. This all revolves around BODMAS and the order of operations. Let's go through it:
A = #500,000(1 + 0.05 / 1) ^ (1(48))
Using the order of operations we work out the totals in the brackets first. Within the first set of brackets, you need to do the division first and then the addition (division and multiplication should be carried out before addition and subtraction). We can also work out the 1(48). This gives us...
A = #500,000(1 + 0.05) ^ 48
Then:
A = #500,000(1.05) ^ 48
The exponent goes next. So, we calculate (1.05) ^ 48.
This means we end up with:
#500,000× 10.401269646942109782178152880917
= #5,200,635
You may have seen some examples giving a formula of A = P ( 1+r ) ^ t . This simplified formula assumes that interest is compounded once per period, rather than multiple times per period.

We have the best currency trading team here to assist you in building your #500,000 to over #5,200,635 in 4years (48 months) (you will be getting an average monthly interest/income of more than #1million assuming you decide to start withdrawing your monthly interest after that) and helping you live the life you deserve even without a job. You can give us a trial.

This is the best structured, secured and transparent savings/investment you will ever find in this forum. No lock up period on your savings/investments and you can withdraw or close your account anytime. Your withdrawals from our partner broker to your bank Mastercard/Visa debit card takes 2 to 4 days maximum. If you are using ecurrency payment system, it takes 5 mins to the ecurrency payment systems then you can then make instant withdrawals to your Nigerian Bank account using Nigerian trusted e-currency exchanges. You can also use Bank wire transfer. You might be interested in what we offer. We promise a target of average 5-10%+ monthly profit on your savings/investment. Funds in a secured licensed,audited and regulated financial firm. You can monitor your savings/investment anywhere you are in the world 24/7 using any internet enable device. Deposits/withdrawal are 100% controlled by the investor (We only have access to trade your account through the trading platform and not given access to withdraw). You are free to test us with any amount you can comfortably risk before saving/investing fully with us. Statement of account sent to your email daily. working risk to savers/investors capital is 5-10% risk and maximum permissible risk to savers/investors capital is 30%. Visit the link below.

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Re: Business To Start With N500,000 In A Rural Area In Lagos by All4good: 11:41pm On Nov 10, 2017
@phadriz

I will give you a few insights.
1. You don't want to test the depth of a river with both feet. This simply means that you shouldn't start with a business that can consume all of the funds you have at hand.
2. Every business is risky, that is the reason you are entitled to a profit. The higher the risk the higher the return on investment (ROI)
3 . At the beginning of every business, there are so many unknown, but the longer you last in a particular business the fewer the unknown become. This is the place of experience. Unknown can be existence of community (or Alaye) fees, which if not paid may result to seizure of goods. Or could be the existence of government prohibition laws which may lead to legal sanctions.
My advice to you as a newbie is to enter the business world via Agency business. Look for a reputable organization that you can attach to as distributor or agent. This way you can shield yourself from the many unknown I earlier talked about and even take advantage of their existing marketing /advertising campaigns to expand your new business.
If I knew this 15yrs ago, I would have avoided the losses I had to insure myself.
Take a look at the thread below for a typical example of such an organization you can affiliate with. It's a popular Nigerian company. You can start with N10k and within 2 months increase your investment to N500k as your experience and financial mgt grows.

www.nairaland.com/4140107/start-very-lucrative-business-n15k

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Re: Business To Start With N500,000 In A Rural Area In Lagos by Futureinvestors(m): 11:57pm On Nov 20, 2017
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