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Which Business Did You Regret Starting Because It Ended Up In Huge Loss - Business - Nairaland

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Which Business Did You Regret Starting Because It Ended Up In Huge Loss by GRAMMARJAMES(m): 12:02pm On Jul 16, 2021
Good Morning Nairalanders..............

At times in Life, one need to reflect on some things that has happened. The ability for you to move on is what matters most.
This Brings us to the topic of Discussion,.
Which Business Did you regret starting because it ended up in a huge loss.

let me start,

I Purchased a Pup Caucasian Male and Female sometimes 2019, (N300,000). I had the intention of breeding them for reproduction., No matter how hard the male Cauc KNACK the female, she wont just take in., i took the female Cauc to another dog for KNACKING, still she did'nt take in., las las ehn, na inside pepper soup she ended.

The male Cauc is still here Gallant and serving as security.

Lets hear from you Guys, which business did you regret starting because it didn't yield much profit as anticipated.

37 Likes 3 Shares

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by Legalcriminal: 12:10pm On Jul 16, 2021
Maybe the male dog is always putting on condom everytime he knacks or he has low sperm count.

102 Likes 3 Shares

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by lazkizz(m): 12:15pm On Jul 16, 2021
Beer parlor,
my friends and my girlfriend Drank both the Capital and interest

Can't even pay the shop rent cool

308 Likes 13 Shares

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by GRAMMARJAMES(m): 12:25pm On Jul 16, 2021
Legalcriminal:
Maybe the male dog is always putting on condom everytime he knacks or he has low sperm count.


What is DISWAN naw................. grin grin grin grin grin

25 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by psucc(m): 12:26pm On Jul 16, 2021
Ikot eyop. Da iwuôhô naña nke kere.

17 Likes 1 Share

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by TheSparrow: 1:56pm On Jul 16, 2021
There are several businesses you can start and run profitably in Nigeria. Below are six that readily comes to mind:

1. Rice Milling

One of the best businesses one can venture into in Nigeria today is parboiled rice production (Rice Milling).

Nigerians currently consume over 5 million metric tons, which is equivalent to over 100 million 50Kg bags of rice annually. With the current population growth rate of Nigeria, the consumption of rice is estimated to reach about 35 million metric tons (700 million 50Kg bags) by the year 2050.

There is high demand for rice in Nigeria. With a population of over 180 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large and growing market for rice.

As it stands, the current producers of good quality rice in the country cannot even meet up to 50% of the current demand. This is the reason why the market is flooded with poorly produced and low quality rice.

New entrants into the rice milling industry that can produce good quality parboiled rice will have an evergreen market waiting to be sold to.

2. Drinking Water Production

Another good business that does very well in Nigeria is drinking water production (Bottled water and Sachet Water).


The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically produced and well packaged food products like bottled water.

The market for packaged water is high and cut across all parts of the country. With a population of over one hundred and eighty million (180,000,000) people, and an estimated national population growth is 5.7% per annum, Nigeria has a large and sustainable market for packaged water.

3. Poultry Farming

Poultry farming is yet another business that gives good returns on investment.


Poultry farming has risen to become one of the most lucrative businesses in Nigeria today. This aspect of livestock farming, if set-up and managed properly, provides legitimate continuous income for entrepreneurs within a short period of time. There are over 160 million consumers in Nigeria and over one billion in Africa. This provides a large, growing and sustainable market for poultry farmers in Nigeria, and Africa in general.

4. Pounded Yam Flour Production

Pounded yam flour is another product that you can chose the invest in its production.


Pounded yam is a popular delicacy produced from boiled yam tubers, and is consumed by many people across Africa. However, a lot of people, especially the middle class find it difficult to prepare pounded yam the traditional way which involves boiling yam, pounding it in a mortar using a piston, until it becomes a succulent dough.

The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically processed, easy to prepare and well packaged food products like yam flour.

5. Maize (Corn) Flour Production

This is another business that you can quickly setup and make good money with.

Maize can be processed into several products including Maize Flour, Maize Grits. Starch, etc.

With few producers focusing on the production of maize flour in Nigeria, there exists a large gap that needs to be filled by aspiring entrepreneurs in the country. This supply gap will continue to grow as the population of the country grows.


6. Cooking Oil Production

The production of Cooking oil, also called Vegetable oil is yet another viable business you can quickly setup and make good money in Nigeria.

The present production level of Vegetable Oil in Nigeria is yet to meet the demand of Nigerians. There is currently a ban on the importation of vegetable oil into the country. The ban was placed in other to encourage local producers to expand their operations, and new investors to go into the production of Vegetable Oil. This has made the business to be very lucrative.

Wishing you all the best in your quest.

Source: To read more, Visit: https://planbiz.com.ng/five-lucrative-businesses-you-can-start-in-nigeria-today-and-make-big-money/

Note: I can prepare a business plan for you on any of the above businesses for 10k only. Reach out via Call/WhatsApp: 09022106607

42 Likes 10 Shares

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by Bigsunny01(m): 2:09pm On Jul 16, 2021
lazkizz:
Beer parlor, my friend and my girlfriend Drank both the Capital and interest


Smolegrin grin

7 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by GIANTPLUSHUB: 3:50pm On Jul 16, 2021
There have been a thread like this already in family section.
Mod should have pushed the thread below to Frontpage instead, very funny thread.

https://www.nairaland.com/6640193/done-business-didnt-work-out#103568745

5 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by RapistOnBail: 3:50pm On Jul 16, 2021


Arizona (AZ)

I chop the money, smoke the AZ finish



28 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by temitope27(m): 3:50pm On Jul 16, 2021
I sell dog meat

















DM me if u need grin
Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by YorubaKinging: 3:50pm On Jul 16, 2021
The end is near

There's one business everyone who engage in it will regret

And that's sin

The business of the devils

65 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by FalseProphet1(m): 3:50pm On Jul 16, 2021
The ability to forsee the end of an a business before starting is the major reason why people fail in business, I see more people failing miserably in business because they lack this gift.

This I have seen.

11 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by HEAVEN4444: 3:51pm On Jul 16, 2021
hmmm

2 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by Nobody: 3:51pm On Jul 16, 2021
In my case, starting was the easiest and getting people to patronize, the hardest!!!!

10 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by Nobody: 3:51pm On Jul 16, 2021
Gas retail at Ibadan
Dem no gree buy from me as I no be indigene.
Last last I use the money drink beer and catfish.
As losses dey enter I kuku use am chow make I no get ulcer join.

Dumped it and started afresh and boom!!!!!!

122 Likes 3 Shares

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by nonny1212: 3:52pm On Jul 16, 2021
L grin L. Op this your story funny sha. so, dogs dey dey barren too.

7 Likes 1 Share

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by Nobody: 3:52pm On Jul 16, 2021
Hmmm
Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by Clickguy44: 3:52pm On Jul 16, 2021
S
Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by StagethemTVee: 3:52pm On Jul 16, 2021
MMM

7 Likes 2 Shares

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by GOTVee: 3:52pm On Jul 16, 2021
cool
Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by Magnumproperty: 3:52pm On Jul 16, 2021
You see frozen foods business naaaaa no go area oooooooo if u you don't have sufficient capital. Nepa wan kill me for like a week light no go dey. And I'm the only one selling in that area. I regretted doing that business with low capital. Infact many problem dey follow that business.

61 Likes 1 Share

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by CelestineNelson: 3:52pm On Jul 16, 2021
None...because I always do enough market survey and requirements gathering before I venture into anything. It is said that he who does not plan actually plan to fail...

30 Likes 1 Share

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by Yankee101: 3:52pm On Jul 16, 2021
Don't

Just learn and move on

1 Like

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by geolabious(m): 3:53pm On Jul 16, 2021
Investing my life savings in bitcoin

44 Likes 1 Share

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by praiseneo(m): 3:53pm On Jul 16, 2021
Barbing saloon

Infact I wan sell my furnitures and equipment send me email if your interested

Very cheap price

26 Likes 1 Share

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by Providence2020(m): 3:53pm On Jul 16, 2021
Poultry. It's very practical on paper but when it goes live it slowly grows into a drawn out timeline of heavy expenditure, it's not for the inexperienced or faint of heart. I know how many times I had to dispose off dead birds that were perfectly normal the previous day. The worst part is the market that's very inconsiderate, someone even priced my fuccing birds at 2,500 each. That's after almost two months(8 weeks) of N23,000 per week. Regretful!!

I admit there's other variables that I won't mention here but remember the op says only businesses that we regret so that's it.

My failure in this business and generally most traditional businesses drove me into internet money, I haven't looked back since

88 Likes 2 Shares

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by MrOkenwa(m): 3:53pm On Jul 16, 2021
1) Selling of floor and sugar to bakeries around me. Many of them bought on credit without paying back.
2) I did irrigation farming with my friend. It was a huge success but I resumed back to school before the harvest period. The guy sold everything and refused to give me shishi. embarassed

52 Likes 1 Share

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by Childofaking: 3:53pm On Jul 16, 2021
i started a poultry Farm, it was been managed by someone, his salary was commision based on the number of chickens and monthly, i did not have time to be on the farm myself.
he was the only one being paid, i was always asked to bring in more money. the farm folded when i refused to bring in more money.

55 Likes 1 Share

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by Goldenheart(m): 3:53pm On Jul 16, 2021
sad

Tomato Farming Investment!
Bitcoin!

3 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In Huge Loss by id4sho(m): 3:53pm On Jul 16, 2021
angry
MMM PONZI
LEGENDS I LIE

8 Likes

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