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Nairaland Forum / Nairaland / General / Business / Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? (25885 Views)
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Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by KKLord3(m): 2:07pm On Jul 09, 2021 |
Bags of rice, flour or sugar. They are easily stocked and count. |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Afonjashapmouth: 2:08pm On Jul 09, 2021 |
65 is not a baby age. He should look into something less tedious to operate and not too tacky to understand. Sales is good but for how long can he do the running round and lifting? Service providing is his best bet in my own opinion. Less chances of been cheated on by staffs since he will always be available and rules of engagement can be set tuned to his taste without violating any law of the market. He can open a classic barbing saloon and still have money to run his life while the business grow into a full blown one. He can open a sim registration outlet. That comes with a wonderful ROI depending on location of his store. So much more he can do |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by chachanga: 2:09pm On Jul 09, 2021 |
advanceDNA: Let Papa buy the dip na! 2 Likes |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by billyG(m): 2:11pm On Jul 09, 2021 |
Charly68:Yes if he has his own house he can drill a borehole,buy a tank,pumping machine,gen set & be selling water. 1 Like |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Forgodsgrace: 2:26pm On Jul 09, 2021 |
harmony75: You guys will just come online and give nonsense advise.Do you think it’s easy to be Dangote cements supplier?A close friend with over 10m wanted to be Dangote supplier,but was fraustrated and had no option than to fixed the money with a bank. Fact is that,operating a business in Nigeria is no longer easy and hardly you see a business that survive within 3yrs. The old man should just fixed the money for a period of time with interest 1 Like |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by ezewealth(m): 2:28pm On Jul 09, 2021 |
Let him be a distributor of pardee food ltd, All he needed is 1million, then rent a good warehouse, they products sells like a speed of light. In case u don't know, they produce biscuit and their is the highest selling biscuit in Nigeria and the world at large. Dem don dust Oxford, OK and Ap foods. There are the makers of this following biscuit Marie biscuit Milk power biscuit Happy happy Chico ring biscuit Parole G gold biscuit Kream Gold biscuit Original crackers Parley multi biscuit Parley coaster biscuit Top biscuit Etc. 2 Likes 1 Share |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Corrections: 2:28pm On Jul 09, 2021 |
oyejideogunjumo: Lovely advice at his age he should enjoy his money. 4 Likes |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by LadyRosa(f): 2:31pm On Jul 09, 2021 |
Sankabson: Charcoal business in a middle class environment. They will come to do the offloading while he packages it with the help of any young relatives. Nylon business/bags of pure water/you can build an industrial cold room for him to store bags of water for hawkers. Kerosene business is also very lucrative as well/especially when he sells coal by the side |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Nobody: 2:35pm On Jul 09, 2021 |
macjireh:Hmmm ogbotarigi,wicked Nigerian. 5 Likes
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Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by bepositive11: 2:36pm On Jul 09, 2021 |
SavageResponse: You are very knowledgeable. You know about so many businesses very well. How come? 1 Like |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Bostin(m): 2:37pm On Jul 09, 2021 |
Let him rent a moderate house for guest house and do short rest accommodation , selling drinks , pepper soup in a coded area ( mosafun e to ) its a cool business without stress . 1 Like |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by BArris007(m): 2:40pm On Jul 09, 2021 |
Ibadan is not that commercial compared to warri where I am currently, but if you want to start up a business with such an amount you have to consider what is trending and go for business that isn't trending and you know the community or the area is lacking. Is there any agricultural business in your area, like poultry farming or fish farming?. If yes then consider the sales of the following below. Bird feed, Fish feed. |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by pazu(m): 2:41pm On Jul 09, 2021 |
I'm an electrical engineering, my job is erection of power transmission tower and stringing of lines both 330kv and 132kv. If you have a business name or company name I'll introduce you to companies that give out contract to us and also get workers for you. Well, the contract is less stressful and rewarding. If you value it contact me for details. 2 Likes |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by darling4real1: 2:42pm On Jul 09, 2021 |
Sankabson:Make Baba jeje dey chop him money 30k monthly and that will last him for 10years and save him all this wahala joor |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Prinztong(m): 2:49pm On Jul 09, 2021 |
Depending on your location, palm oil business is so lucrative and profitable. With 3.5 Million, you can go into just a 3 months storage and if the price appreciate,you can gain x2 of what you put into the business. This year,April to be precisely i bought red palm oil@ 8500 per 25litres rubber,as at today 9th July...I'm selling it 15,000 naira. Check out the gains. 3 Likes |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Nobody: 2:52pm On Jul 09, 2021 |
ezewealth:can you present yourself in person,if the need arise? |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Smile4mee01: 2:54pm On Jul 09, 2021 |
Dont rush into any business. He should Start with accessing his life. 1. What does he have now i.e land, property, skills And seek to use that to his advantage For example if he has rural land, he could plant vegetable and harvest every 3/4 months. If in a sub urban area he could rent out his land as an event centre. If he has skills, he could be a consultant. He should not.enagge in businesses he has no idea about and requires some form of energy. 2. He should invest in his health, priority at 65 should be to enjoy life and stay in good health. 3. Get his will sorted, not because of fear of death. But because it's the right thing to do. 4. Present Insterest Rate in Banks are too low, and inflation will often catch up with your funds there. So leaving it in the bank is the last option. In summary, Guys. God willing most of us will be 65 some day. What are you doing now to make life easy for yourself then? Old age is a scary time for many men. It's a time some of your loved ones can easily discard you, your friends begin to die. Even your kids might 1st listen to thier mum before you. Women enjoy sympathy from children, church, society than Men do. May God teach us to number our days so we can apply out hearts to wisdom. Couples should have these discussions more often. Ultimately, Regardless of if you are working or business man. Invest in real estate, stocks for times like these. E get why. 7 Likes |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Beedude(m): 2:58pm On Jul 09, 2021 |
flokii:I have heard u sir. Can u pls ask those foreign investors if that was their first business ? These are people that have been in business for years and decided to spread their tentacles to Nigeria. If someone needs a business idea at 65, it shows he hasn't really been in business all thru his active years. Business isnt a child's play and running business in Nigeria is another issue on its own. His priority now should be his health and to enjoy the rest of his life. I am a business owner and i know what i'm saying 3 Likes |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by iwaeda: 2:58pm On Jul 09, 2021 |
Nisiw365: Yes Amala. |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by ezewealth(m): 3:06pm On Jul 09, 2021 |
Volkswagen90: Where do he base, I don't work in the company, I do the business too, although I am not a distributor yet, because I don't have the money and facility. What I will do is how the biz goes, and biscuit company him go use gum body, na sons food, Yale and Oxford, mikano ltd producer of crunchy biscuit. I will make inquiries for him, although I will like to be paid or at least be a business partner |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Nobody: 3:08pm On Jul 09, 2021 |
Afonjashapmouth:Take drink it ,you won the best comment of the year,they are all saying sell this sell that,the best business u can use ur money do now service rendring, Take my experience for example have sell provision and ladies handbag in main market,selling is not that profitable especially when inflation arise,but services doesn't really affected by inflation and they can't cheat u easily unlike selling commodities,the op should just go into berbing salon or laundry business,employ boys that really wants to work. 2 Likes
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Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Nobody: 3:11pm On Jul 09, 2021 |
ezewealth:i see! I thought u are working for them,thank you. 1 Like |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by ezewealth(m): 3:14pm On Jul 09, 2021 |
Volkswagen90:Thank you |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Babatojide: 3:15pm On Jul 09, 2021 |
Sir U could set up a solar showroom/ retail store Where u can Sell portable (durable) solar products ( products’ integrity is VERY IMPORTANT) The showroom can also serve as an office for Estate agent ( which anyone can do regardless of educational background/age) U would get commissions once in a while from that I believe this u can do with 700/750k Please get a nice car with a/c for 700/750k wey u go dey drive go office everyday (don’t do Uber or Cabby or any transport biz abeg) the insult dey too much for youngman sef not to talk of ELDERLY PERSON I don’t like senior men entering bus especially for Naija. The view dey purge me |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by siloty: 3:16pm On Jul 09, 2021 |
Caron of indomie wholesale or biscuits |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by hush15: 3:18pm On Jul 09, 2021 |
joinnow: Easier said than done. First, do you know the cost of feed for your pigs. Also, to have standard pen for your pig is no small investment cos you pen must be very strong (they can break down almost any pen especially when on heat), must be easy to clean with a good waste management system cos pig can sure out a lot of waste in a very short time, which also brings me to the need for a lot of water. So you are practically pump water continuously. The list goes on but if you are able to make that capital investment and sustain over time, it's alot of hardworking, commitment and due diligence. Then it's going to pay off. Speaking from experience. 1 Like |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Nobody: 3:19pm On Jul 09, 2021 |
Like someone said he should open a bet shop,i surpport that, For me at that age i can open it,use the rest for fish pepper soup and stays in good health,till final whisle. |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Nobody: 3:24pm On Jul 09, 2021 |
Babatojide:sir do you have idea where someone can get that solar products. |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Babatojide: 3:27pm On Jul 09, 2021 |
Volkswagen90:I have few reliable contacts, mostly from NAIRALAND too |
Re: Which Business Can A 65-Year-Old Man Do With ₦3.5M Capital? by Aroyjunior(m): 3:32pm On Jul 09, 2021 |
Fish farming is the best for his age.all he needs to do is just feed fishes. 2 Likes |
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