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Starting A Business With 1million Or Beginning A Job Of 200k Monthly. - Business - Nairaland

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Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by hoyze24: 12:54pm On Oct 05, 2019
I have this business I currently do where I make 30% of my income in two months. I just had the opportunity of getting million naira to continue the business while I got another offer of a job where I could earn 190k monthly.
I'm confused really. What would you advise? .
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by Jay5mie: 12:56pm On Oct 05, 2019
Op, give me the money to hold for you grin

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Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by Nobody: 1:27pm On Oct 05, 2019
Ur brain is always trying to get you comfortable..... That's why u are thinking about the job.... You thought of the stress u would go through before u start making millions.... But if u have a job you will get STEADY 190k monthly...

How much sacrifice are u willing to make to achieve ur goals.... If you get a salary monthly how fast Willie self development be...

This is a personal question that u have to ask urself... Check out those who were employed and how long it took to get to the top and check those who had businesses and see how long it took to get to the top.... Compare and contrast and see what fits ur lifestyle....

It's always a personal decision.... Check ur long term goals against all these... Then u have an answer...

3 Likes

Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by hoyze24: 1:57pm On Oct 05, 2019
thariodamaniac:
Ur brain is always trying to get you comfortable..... That's why u are thinking about the job.... You thought of the stress u would go through before u start making millions.... But if u have a job you will get STEADY 190k monthly...

How much sacrifice are u willing to make to achieve ur goals.... If you get a salary monthly how fast Willie self development be...

This is a personal question that u have to ask urself... Check out those who were employed and how long it took to get to the top and check those who had businesses and see how long it took to get to the top.... Compare and contrast and see what fits ur lifestyle....

It's always a personal decision.... Check ur long term goals against all these... Then u have an answer...
My decision would have been get someone else to handle the business while I take the job but it's uneasy because I deal with agricultural produce and it needs to be gotten from northern nigeria. I also have no idea how the career on the job would be, it's an ngo job.
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by TRADELYN: 2:05pm On Oct 05, 2019
hoyze24:

My decision would have been get someone else to handle the business while I take the job but it's uneasy because I deal with agricultural produce and it needs to be gotten from northern nigeria. I also have no idea how the career on the job would be, it's an ngo job.
Take up the job and put proper structure in place for your business to grow and expand it if well managed. You will not regret it.

Nigeria needs as many small businesses as possible to reduce poverty/crime.

1 Like

Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by Nobody: 2:07pm On Oct 05, 2019
hoyze24:

My decision would have been get someone else to handle the business while I take the job but it's uneasy because I deal with agricultural produce and it needs to be gotten from northern nigeria. I also have no idea how the career on the job would be, it's an ngo job.
It takes one time to get acquainted with the job..... You can employ someone to handle the receiving of goods while you are in direct contact with the supplier... It's possible.. but u will also need to employ checks and balances to ensure ur employee doesn't rip u off... .. NGO's are the best places to start with good income.... Instead of govt owned organizations...


In all u can have both but note that it will be very difficult supervising ur business unless you get someone u can almost trust that is running similar business to help watch ur employee

Anyway do ur research and not qualified to be giving you business advice in ur sector.... I have no idea about agro related businesses
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by biggerboyc(m): 2:51pm On Oct 05, 2019
Choose anyone and give me the left over, but if it's the job you choose Abeg, don't forget to give me both the 1 million and business description thank you
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by Nobody: 5:09pm On Oct 05, 2019
hoyze24:
I have this business I currently do where I make 30% of my income in two months. I just had the opportunity of getting million naira to continue the business while I got another offer of a job where I could earn 190k monthly.
I'm confused really. What would you advise? .

This description is Vague, " I make 30% of my income in 2 months " .

Be explicit.

What does your current business pay you monthly ?

Who offered the 1 million and which biz are you going to invest the N1m into ? Will it increase your current income further ?

Are you interested in a partnership ?

1 Like

Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by 4godsake: 6:53pm On Oct 05, 2019
Pls send contact to presto67@live.co.UK,I want to call u directly.

hoyze24:
I have this business I currently do where I make 30% of my income in two months. I just had the opportunity of getting million naira to continue the business while I got another offer of a job where I could earn 190k monthly.
I'm confused really. What would you advise? .
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by naijadrivablog: 7:27pm On Oct 05, 2019
If you can, do both. And see how it pans out. Invest like 500k in the business, take the job of N190k.
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by maryjames9(m): 10:05pm On Oct 05, 2019
If I were you, I would do both. I will take the money and invest it in a FG bond or Treasury bills if the business will require my full concentration, else will start off and recruit a good and highly motivated staff to monitor the business for me as I return there daily while I make more money from the NGO job. Depending on the state where the job is, I could save 75 percent or 50 percent at least 30 percent monthly. Work for a few years while getting more experience on the business. Resign after making more than enough to sustain a viable business including good and strategic location, market, marketing, branding etc.
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by Haryoureendey4(m): 10:39pm On Oct 05, 2019
hoyze24:

My decision would have been get someone else to handle the business while I take the job but it's uneasy because I deal with agricultural produce and it needs to be gotten from northern nigeria. I also have no idea how the career on the job would be, it's an ngo job.
please let me handle the business for u sir, trustworthy and very diligent
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by greentina: 3:04pm On Oct 06, 2019
Starting a business with this kind of money is really possible! You can if you do everything right. Read the literature on this topic! It seems to me that it is more difficult to keep a business at a good level or higher. It's really hard. There are many cases where people start their business but cannot reach a good level. I had a similar situation. I own a finance company. I had a problem with the influx of clients. I found a way to solve the problem through Live Phone Transfer Loan Leads . They helped me to get more real customers. This is really important in business development after opening.
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by hoyze24: 7:40am On Oct 07, 2019
TRADELYN:

Take up the job and put proper structure in place for your business to grow and expand it if well managed. You will not regret it.

Nigeria needs as many small businesses as possible to reduce poverty/crime.
Trying so hard to get someone who could manage the business. It's a great search really, quite difficult to trust people.

1 Like

Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by hoyze24: 7:43am On Oct 07, 2019
[quote author=maryjames9 post=82875057]If I were you, I would do both. I will take the money and invest it in a FG bond or Treasury bills if the business will require my full concentration, else will start off and recruit a good and highly motivated staff to monitor the business for me as I return there daily while I make more money from the NGO job. Depending on the state where the job is, I could save 75 percent or 50 percent at least 30 percent monthly. Work for a few years while getting more experience on the business. Resign after making more than enough to sustain a viable business including good and strategic location, market, marketing, branding etc. [/qu
NGO jobs are quite difficult especially when one has to travel through remote villages. My business is from Benue to Lagos while I work the job would be in Borno.
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by hoyze24: 7:45am On Oct 07, 2019
naijadrivablog:
If you can, do both. And see how it pans out. Invest like 500k in the business, take the job of N190k.
This is a business I've been doing for over two years, I have a good knowledge on how it works. No amount of money is too much to invest in it. Just trying to consider the incidence of business development with the proceeds from the job.

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Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by hoyze24: 7:48am On Oct 07, 2019
Naughtysite:


This description is Vague, " I make 30% of my income in 2 months " .

Be explicit.

What does your current business pay you monthly ?

Who offered the 1 million and which biz are you going to invest the N1m into ? Will it increase your current income further ?

Are you interested in a partnership ?
The business pays 30% of the income I put into it. Getting more money is a plus, apparently the proceeds from 1 million in two months would be 300k and that increases when I inveat part of the profit into the business. I got a grant of 1 million naira to boost the business last month
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by hoyze24: 7:49am On Oct 07, 2019
Haryoureendey4:
please let me handle the business for u sir, trustworthy and very diligent
I appreciate but I would rather use a familiar person.
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by TRADELYN: 8:06am On Oct 07, 2019
hoyze24:

I appreciate but I would rather use a familiar person.
Wrong decision.

1 Like

Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by Moboj: 8:52am On Oct 07, 2019
hoyze24:

I appreciate but I would rather use a familiar person.
Try seeing if you can run the two concurrently
Income stability is key which the job earning will give you
Invest part of the money in something light,don't start all at once
Give yourself time till you feel you can run it heavily while still doing your job wink

1 Like

Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by Haryoureendey4(m): 11:42am On Oct 07, 2019
hoyze24:

I appreciate but I would rather use a familiar person.
Alright sir....
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by Nobody: 7:47pm On Oct 07, 2019
hoyze24:

The business pays 30% of the income I put into it. Getting more money is a plus, apparently the proceeds from 1 million in two months would be 300k and that increases when I inveat part of the profit into the business. I got a grant of 1 million naira to boost the business last month

OK, you are into Agriculture. That's the grants part. What aspect of Agriculture are you into ?

Any money you put into a business is called CAPITAL not Income.

Your N1m will further give you N150k monthly.

1 Like

Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by Nobody: 7:53pm On Oct 07, 2019
hoyze24:

My decision would have been get someone else to handle the business while I take the job but it's uneasy because I deal with agricultural produce and it needs to be gotten from northern nigeria. I also have no idea how the career on the job would be, it's an ngo job.

Don't think about getting someone to handle the business IN YOUR ABSENCE.

I was discussing with someone recently whose staff ripped off N1.5m in his business. They stay in thesame town o.

For your business to grow, you have to WATCH 24/7. This is Nigeria.

Such money you can never get it back completely again.
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by TRIPLEGATE: 9:43pm On Oct 07, 2019
Pls can link me to the business, I have interest for the said business
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by hoyze24: 12:26pm On Oct 28, 2019
TRIPLEGATE:
Pls can link me to the business, I have interest for the said business
Regular produce trading business.
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by Stillthebest: 12:39pm On Oct 28, 2019
kiss

Sometimes, people don't need others opinion about som personal issues.

But my advice; centring on, do you like to be a business person or a career profiled personality?
If you prefer the latter, no matter the condition of the job, go ahead and build your profile. The pay is enough to get up from the lowest ground in anywhere in Nigeria.

If the former is your look-out-for, don't ever consider the job. The profit margin you make currently with the amount of capital presenting it's blue face to you right now(#1M) is very good enough to turn you to a millionaire entrepreneur in 5 years if you can put more efforts than the ones you had always put, even if it pure water business.

The latter builds your profile while the former builds your financial strength.
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by MountainView: 12:51pm On Oct 28, 2019
Do both, once the business gets stable, then you resign.
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by hoyze24: 8:50am On Oct 31, 2019
Stillthebest:
kiss

Sometimes, people don't need others opinion about som personal issues.

But my advice; centring on, do you like to be a business person or a career profiled personality?
If you prefer the latter, no matter the condition of the job, go ahead and build your profile. The pay is enough to get up from the lowest ground in anywhere in Nigeria.

If the former is your look-out-for, don't ever consider the job. The profit margin you make currently with the amount of capital presenting it's blue face to you right now(#1M) is very good enough to turn you to a millionaire entrepreneur in 5 years if you can put more efforts than the ones you had always put, even if it pure water business.

The latter builds your profile while the former builds your financial strength.
Started the job already. Business is on hold for now but it would start January, working towards putting someone in charge.
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by Britishcoins(m): 10:53pm On Oct 31, 2019
My Bro 190k is token to hold you hostage all in the name of salary, with one million I will make steady profit of 6k daily or more from my boutique business.... Sometimes I wonder how people survives with 50k salaries.....

On ur issue stick with the job and save more money to invest for ur business... .

Nothing sweet like business though
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by kunleweb: 5:28am On Nov 01, 2019
Interesting discussions here
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by IBTG: 1:18pm On Nov 22
hoyze24:
I have this business I currently do where I make 30% of my income in two months. I just had the opportunity of getting million naira to continue the business while I got another offer of a job where I could earn 190k monthly.
I'm confused really. What would you advise? .
............Would you be magnanimous to teach me the rudiments of the agric-biz that gave you 15% of your investment every month,please
Re: Starting A Business With 1million Or Beginning A Job Of 200k Monthly. by Adeyemi0(m): 3:18pm On Nov 22
hoyze24:
I have this business I currently do where I make 30% of my income in two months. I just had the opportunity of getting million naira to continue the business while I got another offer of a job where I could earn 190k monthly.
I'm confused really. What would you advise? .
Could you please hint about the business..

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