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Business Or Building A House - Career - Nairaland

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Business Or Building A House by koldej(m): 10:03pm On Aug 07, 2021
I'm sorry to disturb you sir/ma, I'm currently in a position I feel I needed a serious advise.
I rounded up my service year, Nov.2020, luckily I was able to secure a job in a construction company jan.2021 although m on probation (1year).
I managed to secure an half plot of land this month somewhere around Ogun state from my little savings(as a result of this I don't have any savings in my acct)
my probation period will be over by dec. With little chance of being retained.
I'm actually planning to rough things through to Dec. again this year so that I can do the foundation of the land(which means I will not be having any savings) with high probability of not being retained.
Is it advisable to do this when m sure I will probably not be retained or I should save to invest in a business?
Still below 26yrs, pls I need ur opinion and suggestions..thank you

7 Likes 1 Share

Re: Business Or Building A House by ChybuzzDD(m): 6:53am On Aug 08, 2021
koldej:
I'm sorry to disturb you sir/ma, I'm currently in a position I feel I needed a serious advise.
I rounded up my service year, Nov.2020, luckily I was able to secure a job in a construction company jan.2021 although m on probation (1year).
I managed to secure an half plot of land this month somewhere around Ogun state from my little savings(as a result of this I don't have any savings in my acct)
my probation period will be over by dec. With little chance of being retained.
I'm actually planning to rough things through to Dec. again this year so that I can do the foundation of the land(which means I will not be having any savings) with high probability of not being retained.
Is it advisable to do this when m sure I will probably not be retained or I should save to invest in a business?
Still below 26yrs, pls I need ur opinion and suggestions..thank you



Bros, don't start developing the land now since you're not sure of both finishing it and retaining your job.

If i were you, my 2 options would be either to buy another land or invest in something i would easily liquidate if i fail to retain my job at the end of the year.

You should only go into the business when you're sure you've lost the job, and will be physically available to run it by yourself.

138 Likes 4 Shares

Re: Business Or Building A House by olaboy33(m): 4:08pm On Aug 08, 2021
With the current situation of the country, its hard to start or even maintain a business, even considering you are still actively working, you might not get enough time to build and monitor whatever business you venture in.

I'll also advise you 'rough things' and save enough to get another land. Land itself is a business, as it appreciates over time and is easily liquidable.

Forget about developing the lands for now, building an house is not as easy as it sounds.

Whatever happens after your one year, you can get something to fall immediately back on.

Goodluck.

33 Likes 1 Share

Re: Business Or Building A House by koldej(m): 4:57pm On Aug 08, 2021
ChybuzzDD:


Bros, don't start developing the land now since you're not sure of both finishing it and retaining your job.

If i were you, my 2 options would be either to buy another land or invest in something i would easily liquidate if i fail to retain my job at the end of the year.

You should only go into the business when you're sure you've lost the job, and will be physically available to run it by yourself.
Tanks

1 Like

Re: Business Or Building A House by koldej(m): 4:58pm On Aug 08, 2021
olaboy33:
With the current situation of the country, its hard to start or even maintain a business, even considering you are still actively working, you might not get enough time to build and monitor whatever business you venture in.

I'll also advise you 'rough things' and save enough to get another land. Land itself is a business, as it appreciates over time and is easily liquidable.

Forget about developing the lands for now, building an house is not as easy as it sounds.

Whatever happens after your one year, you can get something to fall immediately back on.

Goodluck.
Thnks
Re: Business Or Building A House by EXLOVER(m): 1:01pm On Aug 09, 2021
If you don't have knowledge, patience and experience of the particular business you want to venture into, you might end up regretting starting it, business takes time to germinate.


This money you're talking about, will it be enough to build the house from start to finish level or just for foundation?

6 Likes 1 Share

Re: Business Or Building A House by elhadjijerrin: 1:02pm On Aug 09, 2021
Re: Business Or Building A House by BecomeALandLord(m): 1:02pm On Aug 09, 2021
Hmmmmmmm
Build a house for your own good

1 Like

Re: Business Or Building A House by dominikbradly: 1:02pm On Aug 09, 2021
Re: Business Or Building A House by Elock1: 1:03pm On Aug 09, 2021
It depends on your pressing need now...

If you have an already running business, you can take a house project but if you have no business try to get one and work on your inflow of money.

2 Likes

Re: Business Or Building A House by wwwihy: 1:03pm On Aug 09, 2021
Both
Re: Business Or Building A House by MrHighSea: 1:03pm On Aug 09, 2021
business first

3 Likes

Re: Business Or Building A House by Seniorwriter(m): 1:04pm On Aug 09, 2021
koldej:
I'm sorry to disturb you sir/ma, I'm currently in a position I feel I needed a serious advise.
I rounded up my service year, Nov.2020, luckily I was able to secure a job in a construction company jan.2021 although m on probation (1year).
I managed to secure an half plot of land this month somewhere around Ogun state from my little savings(as a result of this I don't have any savings in my acct)
my probation period will be over by dec. With little chance of being retained.
I'm actually planning to rough things through to Dec. again this year so that I can do the foundation of the land(which means I will not be having any savings) with high probability of not being retained.
Is it advisable to do this when m sure I will probably not be retained or I should save to invest in a business?
Still below 26yrs, pls I need ur opinion and suggestions..thank you



You can strategically do both simultaneously and set a standard towards achieving your goals.

ChybuzzDD:


Bros, don't start developing the land now since you're not sure of both finishing it and retaining your job.

If i were you, my 2 options would be either to buy another land or invest in something i would easily liquidate if i fail to retain my job at the end of the year.

You should only go into the business when you're sure you've lost the job, and will be physically available to run it by yourself.
This above is also handy....

BTW in what capacity do you work so I can know what to suggest as alternative earning means plus way forward incase you aren't retained !


@SENIORWRITER
Re: Business Or Building A House by ToughGong(m): 1:04pm On Aug 09, 2021
wisdom says, build your business before developing a house, unless building a house is a business for you.

28 Likes 3 Shares

Re: Business Or Building A House by Emma1Oj(m): 1:04pm On Aug 09, 2021
Since you don't have enough capital to finish it now. Just build a fence round it to secure it. Because if u leave it unfenced intruders will step in. And continue what brings in capital for you.

2 Likes 2 Shares

Re: Business Or Building A House by ADude(m): 1:05pm On Aug 09, 2021
T

1 Like

Re: Business Or Building A House by Vicotex(m): 1:05pm On Aug 09, 2021
Waiting for elders to drop advice, i'm also in such situation

2 Likes 1 Share

Re: Business Or Building A House by miniziter(m): 1:05pm On Aug 09, 2021
Hold on till you know your fate of if they are going to retain you or not. Business is hard to do if you won't be on ground to supervise.

5 Likes

Re: Business Or Building A House by AlwaysMotun: 1:05pm On Aug 09, 2021
I made same mistake when I was around that your age, rushing to build house. When i eventually needed money to put into my business, I tried to sell the house but no buyer came around... Brother, make research on a business or learn a trade and invest in it... You are still young... Try not to live an extravagant life and manage yourself through the hustling days and you will eventually build yourself a bigger house...

My house is still there and looking for buyer.
Any interested person...

22 Likes 2 Shares

Re: Business Or Building A House by millionboi(m): 1:05pm On Aug 09, 2021
B
Re: Business Or Building A House by Sirmuel1(m): 1:05pm On Aug 09, 2021
Life is 50/50.

You may start a new business with your savings and later crash.

You may start building and not find money to complete it in a long time.

Do what you feel will benefit you...if I had my way, I'll keep the land and invest the money into something profitable. (Land is an asset... sometimes, a building you don't need at the moment is useless).

Abeg, if you get contract job, link me up. I'm into sales of building materials (my personal hustle)...let's help ourselves to grow biko.

8 Likes 3 Shares

Re: Business Or Building A House by ShitHead(m): 1:06pm On Aug 09, 2021
CANADA
Re: Business Or Building A House by Ajiswaggs(m): 1:06pm On Aug 09, 2021
Building is not easy, run a business first.
Re: Business Or Building A House by HEBEI: 1:06pm On Aug 09, 2021
cool
Re: Business Or Building A House by millionboi(m): 1:06pm On Aug 09, 2021
Payjuu:
One na asset one na liability
thy are both asset

2 Likes

Re: Business Or Building A House by Adronhomestaff: 1:07pm On Aug 09, 2021
Land
Re: Business Or Building A House by Oblongata: 1:07pm On Aug 09, 2021
Build a hotel. That way you have a house and a business, thank me later.

3 Likes

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