Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,868,009 members, 6,883,062 topics. Date: Friday, 27 May 2022 at 02:18 AM

22 Businesses That Will Make You A Millionaire In 5 Years Time - Career - Nairaland

Nairaland Forum / Nairaland / General / Career / 22 Businesses That Will Make You A Millionaire In 5 Years Time (765 Views)

20 Online Businesses That Can Make You Rich With Just A Laptop & Internet / NAF Graduates Another Set Of Student Pilots From 401 FTS, Trains 145 In 5 Years / Kufre Nnah: Meet Millionaire Barber Who Came To Lagos With Only N5000 (Photos) (2) (3) (4)

(1) (Reply) (Go Down)

22 Businesses That Will Make You A Millionaire In 5 Years Time by Wealthscheme: 2:47pm On Feb 27, 2019
Unless you win the lottery, becoming a millionaire takes patience and hardwork. However, if you’re looking to start your own business, and you don’t wait to wait until your retirement, then consider the following 25 business ideas that are bound to make you a millionaire in just five years.

1. Financial Services
Financial services, which includes services ranging from accounting, bookkeeping, and tax preparation, are constant in-high-demand – even when the economy isn’t doing that well. In fact, according to 35.7% of respondents to the World Wealth Reports. financial services was one of the sectors most likely to create millions.

2. Eldercare
With around 75 million baby boomers in the U.S. alone, and with the Gen X population projected to outnumber the Boomers in 2028, launching a business that aids the elderly will be in demand – which means there’s a lot of money to be made. While this bodes well for the nursing industry, not all elder services require medical training. Eldercare could involve anything from running errands, doing household chores, paying bills, transportation, and just keeping people company.

3. Investment Firm
There’s no shortage of investing and trading opportunities out there. With an investment firm, you could invest in anything from commodities like oil, gold, and bitcoin, as well as stocks and bonds. Another profitable business idea is forex trading. It’s risky, but if you’re careful and tactical, you can easily work your way up to millionaire status.

4. Business Consultancy
With so many entrepreneurs looking to launch their own business they need advice from someone who’s been there and done that. If you fit that bill and have experience with successfully starting and running a business, then you should definitely start your own business consultancy where you can provide these aspiring business owners with your knowledge and experience.

5. Education and Training Service
What’s appealing about starting an education or training service is that it’s a broad industry where you can apply your previous knowledge and expertise. Whether if it’s tutoring high school students or starting an instructional school, like a dance academy or driving school.

6. Insurtech
In a similar way to fintech and proptech firms, many of the new start-ups in the insurtech space aim to introduce some transparency into the market and reconnect with disenchanted customers.” Investors have already poured $2.65bn into insurtech and customers are demanding “a more transparent and equal relationship with their insurer.” Both of these are good signs that this is a solid business opportunity.

7. Cleaning Business
It doesn’t cost much to start a cleaning business, your monthly expenses are incredibly low, and there’s always a need for cleaning homes or office.

8. Healthcare Consultancy
This was always a money-maker. But, with so many questions surrounding the Affordable Care Act and it’s possible replacement, people will be clamoring for a healthcare consultant to help them locate the best plan possible.

9. Real Estate Brokerage Firm/Construction
As the global population continues to rise, China is expected to reach 1.5 billion people by 2030, these people are all going to need somewhere to live. This makes the real estate and construction sectors serious money-makers.

10. Agribusiness
Like with real estate and construction, the growing world population is going to need for to eat. Whether if it’s growing fruits and vegetables, raising livestock, or starting a fish farm, the agribusiness is primed to explode.

11. Communications
Thanks to the growing freeelance generations and opportunities for remote workers, there’s serious money to be in the communications industry. Whether if it’s building a tool like Slack, selling or repairing smartphones, or starting a call center, there are a wide-range of communication business ideas.

12. Automotive Rental and Leasing
With the emergence of ride-sharing and on-demand services like Uber, Lyft, and Zipcar, more and more people are looking to rent and lease vehicles instead of purchasing them.

13. Press Release/Copywriter Service
Organizations of all sizes are in need of talented writers to either compose press releases or content like blog posts. If you have these skills and a strong portfolio, writers can make a very comfortable living.

14. Exporting and Importing
As we live in an increasingly global marketplace, an importing and exporting can be extremely profitable and fairly easy to start if you’re aware of regulations and global markets. Anything from produce to vehicles to clothing can be a successful import/export business.

15.Eco-friendly Business
Consumers are more eco-friendly than ever. And, they want to support environmental friendly businesses. Ideas can range from a retail business that only sells eco-friendly and organic products, repairing bicycles, cleaning air ducts, or a local produce stand.
for more info visit
Re: 22 Businesses That Will Make You A Millionaire In 5 Years Time by Uber1: 3:20pm On Feb 27, 2019
Uber business is also good
Start with 1 car and within 8 to 11 months you will add another car from your profit
Get started below by clicking on the registration link

Re: 22 Businesses That Will Make You A Millionaire In 5 Years Time by Nbote(m): 3:48pm On Feb 27, 2019
Eldercare in Nigeria? Some of U jus go online and copy and paste wateva u see

1 Like

Re: 22 Businesses That Will Make You A Millionaire In 5 Years Time by Mizwisdom(f): 1:11pm On Mar 03, 2019
Eldercare in Nigeria? Some of U jus go online and copy and paste wateva u see

It seems you don't know what is happening now

(1) (Reply)

Engineering Manager Wanted @ Guinness Nigeria Plc / Part-time Job Offer. / Cisa Material

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 59
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.