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Why You Have No Excuse To Be Broke! - Business - Nairaland

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Why You Have No Excuse To Be Broke! by ugojibaby: 1:50pm On Feb 08, 2018
[img]https://4.bp..com/-djeA3AGaX68/WnxCae4xb2I/AAAAAAAAAG4/TxwgbU1Wu3g9MNReJI6a9-zElu-7KdlLQCLcBGAs/s1600/no%2Bexcuses.jpg[/img]

Lately, we’ve been seeing receiving mails in our inbox and reading comments by Nigerians on forums and blogs stating that they are broke and how sad they are about it. The aim of this article is to speak to those who are dissatisfied with their financial situation. When it comes to money issues, a lot of people tend to sugar-coat words, but brace up because this is a frank talk.

If you are broke, it’s not your fault. We all get broke at some point in our lives. But if you’re continually broke, then something is wrong. The whole blame ends on your table. You can’t and shouldn’t continue to blame everyone for your financial situation. The current state of the nation and the disposition of the government shows why blame game doesn’t help.

Many opportunities surround us that it doesn’t make sense for anyone to continually lament being broke. Get this fact: we are living at a most privileged time in history because it is easier for anyone to become wealthy than ever. Yes, the population has increased but so has the opportunities!

Think about it for a second and you will discover that many people who are wealthy today are first generation millionaires and billionaires. They built it from scratch! A major percentage of these people achieved that goal by running a business rather than hope for a white collar job (no offense to those who do white collar jobs.) So if you’re complaining while others are seriously earning, the fault is yours, really.

3 primary reasons why Nigerians don’t start businesses

For a plethora of reasons, starting a business is a great leap to financial freedom! However, many Nigerians don’t have their own businesses. There is a variety of reasons but three excuses top the list.

1. No capital

This is by the far the most popular reason why Nigerians do not own businesses. While there are many who have ideas to run businesses, there are equally many people who don’t have ideas to run a business. Yet, “no capital” is the foremost excuse on the lips of both categories of these Nigerian youths. Meanwhile, there are people who started businesses with money that wasn’t their own and another group of people engaged in businesses that didn’t require capital.

2. Unfavourable business environment

This reason is obvious as many companies are shutting down operations in Nigeria. It appears the business environment in Nigeria continues to worsen with the passing of each day. Studies from global agencies have rated Nigeria low as being favourable for business. It’s almost a miracle for start-ups to succeed in the country.

3. No business idea

What can be more terrible than having a business idea and no capital? It is having the needed capital and no business idea! It can be very worrisome because money lying fallow without a target is at risk of getting squandered. Lack of business idea here refers to profitable business idea that identifies opportunities and solves problems.

Could online business be the solution?

While the above problems bedevil potential entrepreneurs, are these same problems existent in online businesses? Let’s do a quick check.

1. Do you need a capital?

When it comes to online businesses, you need little or no capital to begin at all. For instance, if you want to start a blog, you may need to pay for your domain name and hosting. For freelancing, you need virtually no financial input to begin. What of affiliate marketing? It’s the same! The basic capital that is common to all online businesses is just your time.

2. Any worries about unfavourable business environment?

Yes, Nigeria can be very frustrating but this frustration does not extend to the internet world. Provided you engage in legitimate business online, you have no cause to worry about inventory, tax or staff. In fact, you can run your online business independent of the Nigerian economy.

3. What of the business idea?

Getting a business idea to earn online is not as tedious as that of offline businesses. To help you profit quickly, we will share two online businesses you can begin today and start earning almost immediately!

Most lucrative online businesses in Nigeria

There are many online businesses today you can start earning from. These two online businesses below are lucrative because you get paid in foreign currency which doubles income you you could have had working in Nigeria.

More: http://www.nigeriaonlinebusiness.com/2018/02/why-you-have-no-excuse-to-be-broke.html

Discussion: What has been your experience since you started working online?

11 Likes 5 Shares

Re: Why You Have No Excuse To Be Broke! by Nobody: 2:11pm On Feb 08, 2018
GOOD THREAD .

A thread to be read and digested properly.

2 Likes 1 Share

Re: Why You Have No Excuse To Be Broke! by Donald3d(m): 5:20pm On Feb 08, 2018
cool
Yes Naija is not a good place to live in right now .
Our presido needs to retire .
But the truth is you have got to stop giving excuses for all your predicaments .
Buhari is not the cause of all your problems , some times you are your own problem
Think ! Innovate ! Find a way !
Stay hungry ! Stay Foolish !

11 Likes 3 Shares

Re: Why You Have No Excuse To Be Broke! by harmbhrosz(m): 5:21pm On Feb 08, 2018
Op it all still boils down to the unfavorable business environment (lack of basic amenities and poor policy) of Nigeria which ends up with our leaders (corruption).

Truly whether we want it or not millionaires will keep on rising from this nation but instead of a 1000 millionaires being recorded every year, we will only record 50 because the process of becoming this said millionaire is not easy in Nigeria

Talking about Capital
I am an agric graduate who has severally applied for different agricultural grant yet none has made it way to me but I keep keep seeing how the FG keep realising so so so billions for agriculture. I had to start up with my NYSC savings and with this current growth in my business, I'm certain things would have been far better than they are now if I have access to required capital and a business friendly environment.


The logic behind not being broke is as simple as this, if the environment and government policies is favourable to business then foreign investors will come in, many Nigerians will be employed, when many Nigerians are employed some will gather up enough money to start up their own business which will end up employing more people, now those that has been employed will have enough money to spend to the market women, boutiques, hairdressers, furniture makers and so on. Enough cash will go round, hence majority of the population will not be broke


Lastly, Nigerians are not lazy people most Nigerians are only like this because our government has rendered us this way.

36 Likes 6 Shares

Re: Why You Have No Excuse To Be Broke! by Oshapranpran: 5:21pm On Feb 08, 2018
sad sad
Re: Why You Have No Excuse To Be Broke! by Nobody: 5:21pm On Feb 08, 2018
ugojibaby:
[img]https://4.bp..com/-djeA3AGaX68/WnxCae4xb2I/AAAAAAAAAG4/TxwgbU1Wu3g9MNReJI6a9-zElu-7KdlLQCLcBGAs/s1600/no%2Bexcuses.jpg[/img]

Lately, we’ve been seeing receiving mails in our inbox and reading comments by Nigerians on forums and blogs stating that they are broke and how sad they are about it. The aim of this article is to speak to those who are dissatisfied with their financial situation. When it comes to money issues, a lot of people tend to sugar-coat words, but brace up because this is a frank talk.

If you are broke, it’s not your fault. We all get broke at some point in our lives. But if you’re continually broke, then something is wrong. The whole blame ends on your table. You can’t and shouldn’t continue to blame everyone for your financial situation. The current state of the nation and the disposition of the government shows why blame game doesn’t help.

Many opportunities surround us that it doesn’t make sense for anyone to continually lament being broke. Get this fact: we are living at a most privileged time in history because it is easier for anyone to become wealthy than ever. Yes, the population has increased but so has the opportunities!

Think about it for a second and you will discover that many people who are wealthy today are first generation millionaires and billionaires. They built it from scratch! A major percentage of these people achieved that goal by running a business rather than hope for a white collar job (no offense to those who do white collar jobs.) So if you’re complaining while others are seriously earning, the fault is yours, really.

3 primary reasons why Nigerians don’t start businesses

For a plethora of reasons, starting a business is a great leap to financial freedom! However, many Nigerians don’t have their own businesses. There is a variety of reasons but three excuses top the list.

1. No capital

This is by the far the most popular reason why Nigerians do not own businesses. While there are many who have ideas to run businesses, there are equally many people who don’t have ideas to run a business. Yet, “no capital” is the foremost excuse on the lips of both categories of these Nigerian youths. Meanwhile, there are people who started businesses with money that wasn’t their own and another group of people engaged in businesses that didn’t require capital.

2. Unfavourable business environment

This reason is obvious as many companies are shutting down operations in Nigeria. It appears the business environment in Nigeria continues to worsen with the passing of each day. Studies from global agencies have rated Nigeria low as being favourable for business. It’s almost a miracle for start-ups to succeed in the country.

3. No business idea

What can be more terrible than having a business idea and no capital? It is having the needed capital and no business idea! It can be very worrisome because money lying fallow without a target is at risk of getting squandered. Lack of business idea here refers to profitable business idea that identifies opportunities and solves problems.

Could online business be the solution?

While the above problems bedevil potential entrepreneurs, are these same problems existent in online businesses? Let’s do a quick check.

1. Do you need a capital?

When it comes to online businesses, you need little or no capital to begin at all. For instance, if you want to start a blog, you may need to pay for your domain name and hosting. For freelancing, you need virtually no financial input to begin. What of affiliate marketing? It’s the same! The basic capital that is common to all online businesses is just your time.

2. Any worries about unfavourable business environment?

Yes, Nigeria can be very frustrating but this frustration does not extend to the internet world. Provided you engage in legitimate business online, you have no cause to worry about inventory, tax or staff. In fact, you can run your online business independent of the Nigerian economy.

3. What of the business idea?

Getting a business idea to earn online is not as tedious as that of offline businesses. To help you profit quickly, we will share two online businesses you can begin today and start earning almost immediately!

Most lucrative online businesses in Nigeria

There are many online businesses today you can start earning from. These two online businesses below are lucrative because you get paid in foreign currency which doubles income you you could have had working in Nigeria.

More: http://www.nigeriaonlinebusiness.com/2018/02/why-you-have-no-excuse-to-be-broke.html

Discussion: What has been your experience since you started working online?

Ok
Re: Why You Have No Excuse To Be Broke! by Partnerbiz: 5:21pm On Feb 08, 2018
LET ME PARK HERE FIRST..
Re: Why You Have No Excuse To Be Broke! by geostrata(m): 5:22pm On Feb 08, 2018
smiley
Re: Why You Have No Excuse To Be Broke! by toluleke(m): 5:22pm On Feb 08, 2018
See as una they rush to be first to comment instead of reading and digesting the article.
Re: Why You Have No Excuse To Be Broke! by skyba: 5:23pm On Feb 08, 2018
There is no need to write dis long sentences just tell dem "if u
No get money"






HIDE YOUR FACE

10 Likes 1 Share

Re: Why You Have No Excuse To Be Broke! by Blogsphere: 5:24pm On Feb 08, 2018
Nice trend BY the ways:

Get your company Professional logos, fliers, banners, E-designs, and graphic works ready in no time:

Whatsapp: 08104039504

Re: Why You Have No Excuse To Be Broke! by Nobody: 5:24pm On Feb 08, 2018
Xo insensitive article!

More than half the world's population are living in poverty and you made no mention of government's austerity policies... very controversial article.

4 Likes 2 Shares

Re: Why You Have No Excuse To Be Broke! by gbens2000(m): 5:24pm On Feb 08, 2018
Well wriiten
Re: Why You Have No Excuse To Be Broke! by bsaying(m): 5:24pm On Feb 08, 2018
Nice thread.. More entrepreneurs are needed in this country... Too much dependence on white collar jobs
Re: Why You Have No Excuse To Be Broke! by Troublemaker007(m): 5:26pm On Feb 08, 2018
This thread is not for Nigerians but maybe for people living in Australia, Switzerland, Japan, Greenland, Qatar e.t.c Op are you out of your _fucking mind! Open your window and look out there! It’s a Chaos everywhere in Naija! Everyone in this country is so desperate and as a result of that nothing seems to be working perfectly, not the Government and certainly not the people. It’s a _fucking jungle mennn and only the strong survive.

24 Likes 3 Shares

Re: Why You Have No Excuse To Be Broke! by AgamaHub: 5:26pm On Feb 08, 2018
nice
Re: Why You Have No Excuse To Be Broke! by edoman2016: 5:28pm On Feb 08, 2018
Most online businesses are overrated. A lot of people invest their money into online businesses but very few people make profit out of it.

16 Likes 1 Share

Re: Why You Have No Excuse To Be Broke! by R0ckefeller: 5:29pm On Feb 08, 2018
this is nigeria my man not America

6 Likes

Re: Why You Have No Excuse To Be Broke! by yaki84: 5:29pm On Feb 08, 2018
op govt dey troway unused data for ground for ur area?


Cos d way u speak concerning online biz not needing capital is worrisome.

12 Likes

Re: Why You Have No Excuse To Be Broke! by sekem: 5:30pm On Feb 08, 2018
You're right

Online business offers the best opportunities in our today's world

Your business is open 24-7

And anybody from any part of the world is your potential customer

The best part is you can work from home as well as work any time you choose

2 Likes

Re: Why You Have No Excuse To Be Broke! by juwoonn(m): 5:30pm On Feb 08, 2018
Troublemaker007:
This thread is not for Nigerians but maybe for people living in Australia, Switzerland, Japan, Greenland, Qatar e.t.c Op are you out of your _fucking mind! Open your window and look out there! It’s a Chaos everywhere in Naija! Everyone in this country is so desperate and as a result of that nothing seems to be working perfectly, not the Government and certainly not the people. It’s a _fucking jungle mennn and only the strong survive.
Baba you better open your mind and receive the message

1 Like

Re: Why You Have No Excuse To Be Broke! by Luukasz(m): 5:31pm On Feb 08, 2018
Its easier said perhaps you pray for God to make you broke for once and see even sometimes hardwork doesn't really lead to "Cash".
We all are just being lucky ones many folks had those 3 listed points and still yet they are broke. Why they are, I don't know. As I said earlier we are just lucky ones

3 Likes

Re: Why You Have No Excuse To Be Broke! by zinaunreal(m): 5:32pm On Feb 08, 2018
you have said nothing new

4 Likes

Re: Why You Have No Excuse To Be Broke! by Silvermoney: 5:34pm On Feb 08, 2018
edoman2016:
Most online businesses are overrated. A lot of people invest their money into online businesses but very few people make profit out of it.

Don't be so pessimistic my friend. Open your mind, open your eyes, put in effort, believe.
Re: Why You Have No Excuse To Be Broke! by Troublemaker007(m): 5:34pm On Feb 08, 2018
juwoonn:

Baba you better open your mind and receive the message

Guy no message dey there wey me and you nova hear before. Make we tell ourselves the truth. The only message we need na escape root messages or strategies to leave this Shithole. Me am tired mennnn, it’s not by force to be a Nigerian.

11 Likes

Re: Why You Have No Excuse To Be Broke! by ifex370(m): 5:35pm On Feb 08, 2018
Lol.. Story story
Re: Why You Have No Excuse To Be Broke! by Alariiwo: 5:36pm On Feb 08, 2018
Is it by force to blog?

You made no sense whatsoever.. just recycling junks.

3 Likes

Re: Why You Have No Excuse To Be Broke! by jashar(f): 5:39pm On Feb 08, 2018
undecided
Re: Why You Have No Excuse To Be Broke! by BRIGHTRIVERS(m): 5:41pm On Feb 08, 2018
f
Re: Why You Have No Excuse To Be Broke! by BRIGHTRIVERS(m): 5:42pm On Feb 08, 2018
youdonminit
Re: Why You Have No Excuse To Be Broke! by Nackzy: 5:46pm On Feb 08, 2018
You are already doing the online business on our head... So u want uses to click that link baa... Why not say everything here

3 Likes 1 Share

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