dalass:


Painment

Naija men's mentality to always believe a successful woman got her money from men[i][/i]
As if a woman can't just be successful without collecting money from different men.

It's not mentality.
It's 99% true.

RockHard:
Heard she collected a huge loan to execute the project. Kudos and goodluck to her.

Old format. Which loan?

Can't you see the owners are all present?

Fronting is now a huge industry in Nigeria. - Allen Onyema, Mike Adenuga, Dangote, 98% of naija musicians, 50% of female actors, Record labels, upcoming artistes and so on. Feel free to add yours biko.

Just don't goan kill yourself cuz someone is living large. In most cases, we all woke up to see them swimming in cash.

congrats.

adecz:



I been think say na
for Ebonyi sef.





Meanwhile, Ebuka no go stop
to dey wear all these funny, funny gowns?



Abi him still think say him
dey for BBN set?

I tire for the man

Oktane:


How many movies and what genre do you have in the 500GB and the TB HDD.

And what brands of HDD are they?

As many movies as possible until ur drive is filled,u can chat more on whatsapp for more number is on profile

Amaechi girlfriend.... MO abudu

RockHard:
Heard she collected a huge loan to execute the project. Kudos and goodluck to her.

Hello, now I don't know if you mean this or not. But the question, is it ever possible to go into huge projects without loans?

Cuz I'd thought this too when I saw her building. All these loans, property seized later, huge interest are worrisome.

Look at how Nigerians of all tribes are working together peacefully and successfully.

Every1 praying for Nigeria to break up has failed ALREADY. Ko le werk

Forward77:
This is beautiful!

Please someone should tell EFCC not to come close.

They know better.
She worked hard and earned her money!

Oh

the man that is helping her warm her.puna is not base in naija i swear..too much money is good.
any slay queen that has not yet buya house.with her hustle should retire a beg let new once come in.

waiting to hear when tacha buy her own house..

Stevecovey:
The Ebonylife TV boss has just opened a magnificent lifestyle and entertainment resort called The 'Ebonylife Place'. The launch took place alongside the premier of a new Ebonylife production film 'Your Excellency', directed by actress Funke Akindele.

The 'Ebonylife Place' is located in Victoria island Lagos and boasts of 5 cinemas, a rooftop terrace, event spaces, bars, restaurants and a 20 room boutique hotel, The White Orchid.

The attendees at the event included several actors, actresses and politicians as the Minister of Culture, Lai Mohammed and the Governor of Lagos State, Jide Sanwo-Olu, graced the event.
Congratulations to her!

Source:
https://www.instagram.com/p/B521QkxAVjQ/

Denola Grey would never leave that place again... lol

I pass that place on my way to work and see the white contractors work on the project. It's beautiful to see Mo do this......
Hopefully, she gets patronized and the place does not become a bore like Silverbird Galleria.

Brightgem:
Hello, now I don't know if you mean this or not. But the question, is it ever possible to go into huge projects without loans?

Cuz I'd thought this too when I saw her building. All these loans, property seized later, huge interest are worrisome.

Yes it is madam. There's hardly anyone that can take on such a project as the one in question without funding from somewhere (it will be stoopid to use one's personal money to build such an edifice, even Dangote has other investors that share the risk of his many business). Beside, that's what banks are there for (not just to save your money but more importantly to lend to businesses that they consider viable). Business is a risk, and both banks, investors, and other lenders are aware of this fact, so they only put their money into businesses that they adjudge to have a high probability of survival, but even at that a lot of businesses funded by banks and venture capital still end up failing anyway. It is what it is.

To qualify for huge loans first you must be deemed 'credit worthy' by lenders. There are different strategies that one can deploy to achieve that.

RockHard:


Yes it is madam. There's hardly anyone that can take on such a project as the one in question without funding from somewhere (it will be stoopid to use one's personal money to build such an edifice, even Dangote has other investors that share the risk of his many business). Beside, that's what banks are there for (not just to save your money but more importantly to lend to businesses that they consider viable). Business is a risk, and both banks, investors, and other lenders are aware of this fact, so they only put their money into businesses that they adjudge to have a high probability of survival, but even at that a lot of businesses funded by banks and venture capital still end up failing anyway. It is what it is.

To qualify for huge loans first you must be deemed 'credit worthy' by lenders. There are different strategies that one can deploy to achieve that.

Thanks. Insightful enough. Kind of means the wealthy are always in some debt or the other. But why do you consider using one's own personal money stupid? What's wrong with that, atleast the whole risk will be only on your own head. Just saying.

Khadrenaline:
Wealth is health diz daiz........not the other way round.

Wait till you get sick .

Brightgem:
Thanks. Insightful enough. Kind of means the wealthy are always in some debt or the other. But why do you consider using one's own personal money stupid? What's wrong with that, atleast the whole risk will be only on your own head. Just saying.

Let me explain or expantiate on that point of why it's not that wise (perhaps the term 'stupid' is too harsh) to use your own personal money to do business, and in this case I mean a business that has real potential to scale/become big. Fact is, the businesses that really have potential to scale and be sustainable require a lot of capital. When you are the only one bearing the financial risk of a business, studies have shown that the likelihood of failure is no less than 90%. When you share risk in business, you have access to more funds (and oversight) to enable the venture remain reasonably sustainable for the long haul. Let's assume you have enough money to build that Ebonylife edifice (which won't cost anything less than N250million), it'll be too risky to tie that much money down on a single project that won't enable you recoup your money back until maybe a couple of years. It makes more sense to leverage on other people's money (loans, investors/venture capital) and share the risk (and future profits) while spreading out that personal money of yours to invest in other smaller and less risker ventures (that also involve other investors) that'll bring in quicker returns.

The reason why some (or probably most) people remain stagnant or always fail in business is because they more often than not run out of money/capital at some point in their business's lifecycle -- even if the business is bringing in some decent amount of revenues, you find at some point that you just can't keep up coz (1) the revenues coming in are just not enough to sustain your operations, or (2) if you're unlucky to have only one means of income, you'll find that whatever revenues come in through the business will barely be enough to sustain you the business owner (your own personal financial obligations) and the business entity.

That's mainly why you see [smart] people coming together as a 'team' to raise funds for a startup business idea or venture. These days some people are raising money (running into tens and hundreds of millions) just for having bankable ideas alone, without spending a kobo on the product or service the idea's about. In fact, such businesses go through a series of funding rounds -- there's 'seed money' (which the team will use to develop and launch the idea/service or product), followed by 'series A' (which they raise after launching the idea to pivot it and gain traction), 'series B' (to further scale it), 'series C', and then IPO (Initial public offering). And all of that from other people's money.

It's not because they can't just pool their resources and go right ahead and start the business; actually it's o.k to do that, but there's a 90% probability that such a move will fail within a year than survive because they will certainly run out of money, and sustainable businesses need money/consistent cashflows (and a lot of it) to stay alive in the face of competition (forget how much the revenues might be). It's for this reason that banks/lenders exist. But to exploit such leverage, you must not be the 'control freak' type of entrepreneur who always wants to micromanage every situation or always be the only person to call the shots. You have to be ready and willing to work with other people. In the end it pays off because businesses like that are more sustainable.

If you're a business that has a verifiable addressable market, banks can even be willing to lend you money without collateral, to scale your business in order to meet growing demand. Without such external funding, such business will certainly die within a short time. When banks and other investors get involved in a business, they don't only share the risk, but they become stakeholders so they do their part in ensuring that it's well run/managed and well-funded.

What separates the rich from the poor is the ability of the rich to master the art of leveraging on other people's money (via loans and investors' money) to stay in business. That's what made Dangote and the rest billionaires today.

BUT, if after all is said and done, you still insist on being a 'one-man business', at least ensure that the product or service you are offering has 'offtakers' or a market that is always on ground to consume the product, so much so that you can't even meet demand, else the business won't last. But even in that case, you may still need to secure external funding (via loan or investor's capital) to scale your operations in order to meet demand.

My two cents.

RockHard:


Let me explain or expantiate on that point of why it's not that wise (perhaps the term 'stupid' is too harsh) to use your own personal money to do business, and in this case I mean a business that has real potential to scale/become big. Fact is, the businesses that really have potential to scale and be sustainable require a lot of capital. When you are the only one bearing the financial risk of a business, studies have shown that the likelihood of failure is no less than 90%. When you share risk in business, you have access to more funds (and oversight) to enable the venture remain reasonably sustainable for the long haul. Let's assume you have enough money to build that Ebonylife edifice (which won't cost anything less than N250million), it'll be too risky to tie that much money down on a single project that won't enable you recoup your money back until maybe a couple of years. It makes more sense to leverage on other people's money (loans, investors/venture capital) and share the risk (and future profits) while spreading out that personal money of yours to invest in other smaller and less risker ventures (that also involve other investors) that'll bring in quicker returns.

The reason why some (or probably most) people remain stagnant or always fail in business is because they more often than not run out of money/capital at some point in their business's lifecycle -- even if the business is bringing in some decent amount of revenues, you find at some point that you just can't keep up coz (1) the revenues coming in are just not enough to sustain your operations, or (2) if you're unlucky to have only one means of income, you'll find that whatever revenues come in through the business will barely be enough to sustain you the business owner (your own personal financial obligations) and the business entity.

That's mainly why you see [smart] people coming together as a 'team' to raise funds for a startup business idea or venture. These days some people are raising money (running into tens and hundreds of millions) just for having bankable ideas alone, without spending a kobo on the product or service the idea's about. In fact, such businesses go through a series of funding rounds -- there's 'seed money' (which the team will use to develop and launch the idea/service or product), followed by 'series A' (which they raise after launching the idea to pivot it and gain traction), 'series B' (to further scale it), 'series C', and then IPO (Initial public offering). And all of that from other people's money.

It's not because they can't just pool their resources and go right ahead and start the business; actually it's o.k to do that, but there's a 90% probability that such a move will fail within a year than survive because they will certainly run out of money, and sustainable businesses need money/consistent cashflows (and a lot of it) to stay alive in the face of competition (forget how much the revenues might be). It's for this reason that banks/lenders exist. But to exploit such leverage, you must not be the 'control freak' type of entrepreneur who always wants to micromanage every situation or always be the only person to call the shots. You have to be ready and willing to work with other people. In the end it pays off because businesses like that are more sustainable.

If you're a business that has a verifiable addressable market, banks can even be willing to lend you money without collateral, to scale your business in order to meet growing demand. Without such external funding, such business will certainly die within a short time. When banks and other investors get involved in a business, they don't only share the risk, but they become stakeholders so they do their part in ensuring that it's well run/managed and well-funded.

What separates the rich from the poor is the ability of the rich to master the art of leveraging on other people's money (via loans and investors' money) to stay in business. That's what made Dangote and the rest billionaires today.

BUT, if after all is said and done, you still insist on being a 'one-man business', at least ensure that the product or service you are offering has 'offtakers' or a market that is always on ground to consume the product, so much so that you can't even meet demand, else the business won't last. But even in that case, you may still need to secure external funding (via loan or investor's capital) to scale your operations in order to meet demand.

My two cents.

Brah! This your 2cents is more like 50 cents. I'll digest this and get back. You seem to be a good financial analyst, advisor or the likes. Well let me just really understand this. Thanks for sparing time.

RockHard:


Let me explain or expantiate on that point of why it's not that wise (perhaps the term 'stupid' is too harsh) to use your own personal money to do business, and in this case I mean a business that has real potential to scale/become big. Fact is, the businesses that really have potential to scale and be sustainable require a lot of capital. When you are the only one bearing the financial risk of a business, studies have shown that the likelihood of failure is no less than 90%. When you share risk in business, you have access to more funds (and oversight) to enable the venture remain reasonably sustainable for the long haul. Let's assume you have enough money to build that Ebonylife edifice (which won't cost anything less than N250million), it'll be too risky to tie that much money down on a single project that won't enable you recoup your money back until maybe a couple of years. It makes more sense to leverage on other people's money (loans, investors/venture capital) and share the risk (and future profits) while spreading out that personal money of yours to invest in other smaller and less risker ventures (that also involve other investors) that'll bring in quicker returns.

The reason why some (or probably most) people remain stagnant or always fail in business is because they more often than not run out of money/capital at some point in their business's lifecycle -- even if the business is bringing in some decent amount of revenues, you find at some point that you just can't keep up coz (1) the revenues coming in are just not enough to sustain your operations, or (2) if you're unlucky to have only one means of income, you'll find that whatever revenues come in through the business will barely be enough to sustain you the business owner (your own personal financial obligations) and the business entity.

That's mainly why you see [smart] people coming together as a 'team' to raise funds for a startup business idea or venture. These days some people are raising money (running into tens and hundreds of millions) just for having bankable ideas alone, without spending a kobo on the product or service the idea's about. In fact, such businesses go through a series of funding rounds -- there's 'seed money' (which the team will use to develop and launch the idea/service or product), followed by 'series A' (which they raise after launching the idea to pivot it and gain traction), 'series B' (to further scale it), 'series C', and then IPO (Initial public offering). And all of that from other people's money.

It's not because they can't just pool their resources and go right ahead and start the business; actually it's o.k to do that, but there's a 90% probability that such a move will fail within a year than survive because they will certainly run out of money, and sustainable businesses need money/consistent cashflows (and a lot of it) to stay alive in the face of competition (forget how much the revenues might be). It's for this reason that banks/lenders exist. But to exploit such leverage, you must not be the 'control freak' type of entrepreneur who always wants to micromanage every situation or always be the only person to call the shots. You have to be ready and willing to work with other people. In the end it pays off because businesses like that are more sustainable.

If you're a business that has a verifiable addressable market, banks can even be willing to lend you money without collateral, to scale your business in order to meet growing demand. Without such external funding, such business will certainly die within a short time. When banks and other investors get involved in a business, they don't only share the risk, but they become stakeholders so they do their part in ensuring that it's well run/managed and well-funded.

What separates the rich from the poor is the ability of the rich to master the art of leveraging on other people's money (via loans and investors' money) to stay in business. That's what made Dangote and the rest billionaires today.

BUT, if after all is said and done, you still insist on being a 'one-man business', at least ensure that the product or service you are offering has 'offtakers' or a market that is always on ground to consume the product, so much so that you can't even meet demand, else the business won't last. But even in that case, you may still need to secure external funding (via loan or investor's capital) to scale your operations in order to meet demand.

My two cents.

Hi, I'd emailed you. Do check

RockHard:
Heard she collected a huge loan to execute the project. Kudos and goodluck to her.

Hi again, I tried to send you an email. Will like to have a conversation if you'll kindly reply that mail. Thanks