Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,758,265 members, 6,556,038 topics. Date: Monday, 25 October 2021 at 08:38 PM

Share Your Worst Business Experience - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Share Your Worst Business Experience (13238 Views)

Share Your Worst Broke Moments Experiences In Life / I Am Starting My First Business With No Prior Business Experience / What Is Your Worst Business Investment And How Much Did You Lose? (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)

Share Your Worst Business Experience by SixKeys: 9:25pm On Aug 23
What business have you done before and you swore never to do it again?

2 Likes

Re: Share Your Worst Business Experience by DoggoneDogg: 9:30pm On Aug 23
Pimping.

Spent money housing oloshos & upgrading their wardrobe & their lives (or so I thought). These useless girls prefer to live a useless life trust me.

They just don't know a good thing. They leave the bird at hand for the audio one in the bush then come back after they've been used & dumped, begging you to help rearrange their life again.

I no just answer & I'm a full time pastor now.

Funny thing is, when you give them a second chance, they do EXACTLY the same thing that messed them up the first time. See ehn, believe me when I say some people deserve to be wretched and unsuccessful in life. Don't pity everybody you see suffering, some love it. For the whole Naija, Yahoo boys & runz girls wey smart no reach 10.

83 Likes 2 Shares

Re: Share Your Worst Business Experience by Dieuetla: 9:32pm On Aug 23
Macsjebs:
.
I thought you have grown pass this
Re: Share Your Worst Business Experience by DoggoneDogg: 9:33pm On Aug 23
Dieuetla:

I thought you have grown pass this

If lalasticlala could book space on a snake thread then who is that guy?? Free him abeg

12 Likes 2 Shares

Re: Share Your Worst Business Experience by Bola146(f): 9:37pm On Aug 23
Trevo cry cry
Re: Share Your Worst Business Experience by SportsHD: 10:19pm On Aug 23
DoggoneDogg:
Pimping.

Spent money housing oloshos & upgrading their wardrobe & their lives (or so I thought). These useless girls prefer to live a useless life trust me.

They just don't know a good thing. They leave the bird at hand for the audio one in the bush then come back after they've been used & dumped, begging you to help rearrange their life again.
.
You failed as a pim.p

3 Likes

Re: Share Your Worst Business Experience by DoggoneDogg: 11:17pm On Aug 23
SportsHD:

You failed as a pim.p

Isn't that what this thread is about?

56 Likes 1 Share

Re: Share Your Worst Business Experience by Zico777(m): 7:49am On Aug 24
grin
Dieuetla:

I thought you have grown pass this
Re: Share Your Worst Business Experience by kingscare1(m): 12:49pm On Aug 24
Long story short- Nigeria situations like road extortions, go-slows and bad roads always have a way of encroaching on our trucking business.

Are you moving to a new location? Do you need to carry bulk products and services? We are always there for you. We have Vans, Trucks And Cranes for hires at cheap rate.

Chat us on WhatsApp lets handle your bulk products carriages
090
3546
4082

5 Likes 2 Shares

Re: Share Your Worst Business Experience by stano2(m): 12:49pm On Aug 24
Just here to read

1 Like 1 Share

Re: Share Your Worst Business Experience by Harrykn: 12:49pm On Aug 24
There’s this mannequin called PMB, his first performance in the company after being gifted by its associates was so poor to the extent that we had to return it for assessment and restructuring. Some years ago we ordered it back to the company only to realize that it hasn’t changed, currently he’s the worst ill_structured mannequin and major setback in the effectiveness and development of our company. It has a heavy loss on us the workers so please stay away from bad products.

44 Likes 1 Share

Re: Share Your Worst Business Experience by investorMK(m): 12:50pm On Aug 24
Very bad....
It's making me restless
I pray things work out for me.....

4 Likes

Re: Share Your Worst Business Experience by Chriswazo(m): 12:51pm On Aug 24
Mine is simply, investing in crypto, I lost 2.5 mil doing so..

36 Likes 1 Share

Re: Share Your Worst Business Experience by BrBox(m): 12:51pm On Aug 24
I used to run a diapers business.
The business was moving fine until I broke up with my girlfriend, last year.
Shit really messed up with my head, to the extent that I lost interest in everything.

I closed down the business last month.

35 Likes

Re: Share Your Worst Business Experience by datola: 12:52pm On Aug 24
d
Re: Share Your Worst Business Experience by ecomalchemist(m): 12:54pm On Aug 24
Still running my profitable importation business.

But Nigerians no get joy, when you bill them price...Dem go ask you how much last and Dem go still dey price delivery fees.

The worst part na after una don chat sorry, e go be like say you wan get blisters for hand, customer go con tell you.... I wILL gEt BaCk 2 yOU.......

Just imagine !

18 Likes

Re: Share Your Worst Business Experience by DropsMic(m): 12:54pm On Aug 24
Bought an iPhone 7 plus from one EKANEM NSISONG DAVID aka ANTIGHA SAMMIE aka REIGNS OKU JR. For 100k sometime around January, and on getting home i found out the phone was faulty so i contacted the fellow to return it to him and collect my money.

The baba apologized and reassured me that he was going to refund me back my money but that he needed to repair and sell the phone first .. So i gave the baba the phone with my innocent mind. Since that day the baba number no dey go again grin

The matter dey force headquarters hand now sha.. Told the officer that if he succeeds in tracking the guy i go give am the whole 100k.


That's his picture below: there's a 20k reward to whomever can tell me his whereabout

41 Likes 2 Shares

Re: Share Your Worst Business Experience by MANNABBQGRILLS: 12:54pm On Aug 24
THE HOME TRUTH!
If the truth wanna kill some people, let them die....
We will continue to say the truth just as it is


I run a manufacturing business and a trading business.
The biggest challenge in my manufacturing business is not power, or infrastructure, the biggest challenge is getting honest staff.
Everyone we hire appears to be on a mission to steal as much as possible.
Inflated invoices, recording less than the actual number of units produced.
The worst part of it all is that all the fraud we've uncovered is not done by a single person, it's usually many staff who collude with each other, from production, to sales, to finance, even top management.
There was a year I overhauled management 3 times in a year.........

But me, I've found a solution sha,
I now use Indian management.
So competent, so honest and so straightforward.
I thought they were expensive at first with all the visa fees, accommodation, house staff, but now that losses due to staff theft have been reduced to a minimum, and efficiency increased, the Indian management has turned out to be cheaper than the previous Nigerian management.
Now, all sensitive positions involving money go to Indians.
Nigerians are only allowed in non-sensitive positions.
I used to criticize companies like Dangote Group that hire so many Indians when there are many unemployed Nigerians, but now, I understand their decision.

My biggest challenge in the trading business is the same, getting honest staff.
The form of trading occurs in the open market, and involves staff having access to huge sums of money running into a few millions.
I know how much I pay to security companies to provide escorts for the staff, not to prevent robbery, but to ensure that the staff go straight to the bank to deposit the money after the day's sales and not disappear with my money.
This money spent on security companies is even enough to be declared as profit.
We have to spend on CCTV, biometric scanners and other things that wouldn't be needed if staff weren't looking for the slightest opportunity to steal.

It got so bad at a point that my main criteria for employing staff was no longer competency but honesty.
At least, competency and skills can be learnt, but once you're dishonest, you're dishonest.

We always complain of the economy and how there are no jobs.
I know people abroad who would have loved to set up job creating businesses in Nigeria but they can't because they can't get any trustworthy person to run it.

I know people in Nigeria with so much money, they want to start factories and other job-creating businesses but they can't because they are occupied elsewhere and can't get any trustworthy person to run the business.
So instead of investing in the real sector and creating jobs, they'll just buy treasury bills, while the thieves are shouting no jobs.

Many big businesses would have been born in Nigeria if we could engage in partnerships, but we cant because you can't trust anyone.
This is one advantage the Indians and Lebanese have over us in Nigeria.
They can pull resources together and do mega-business, unlike Nigerians that because only one person must do everything since we can't partner, end up with small, tiny businesses.

Start a poultry and they will be stealing your eggs. Some will even go ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing your money.
On the days you're around at the business, the money realized will be x10 of the money realized when you're not around..... Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

You'll see them with that their evil, wicked saying "na where person dey work, na there e dey chop, na e make dem dey callam workchop/workshop"...... Just imagine, justifying theft at work.

And you'll see these people point their crooked fingers at politicians when they're not any different.
I usually say the reason most Nigerians haven't stolen billions of government money, is simply lack of opportunity.

*On every level, Nigerians are the problem of Nigeria*

TechNana:


You nailed this so much I feel I could like this over a hundred times...

Thank you for this response...
You are always welcome.
We will continue to be on the side of the truth as long as we exist.
Stay blessed ma.
NaijaCopy:


Quite sad but the honest, unedited truth. The average Nigerian has a moral crisis - although they're the most religious and most of them are ushers, choristers and alfas on Sundays and Fridays. Supporters of evil and dubious wealth. they're plenty on Nairaland - Hailing Hushpuppi without questioning his showoffs. Everyone is looking for an opportunity to defraud his neighbour, friend, colleague, bosses, even brothers and sisters and thinking the 'benefits' will last. To fix unemployment in this country, we'll need to first fix our moral compass as a nation.
You've said it all bro!

67 Likes 13 Shares

Re: Share Your Worst Business Experience by phorget(m): 12:54pm On Aug 24
Every businesses in Nigeria is full of regrets.
Nah manage we dey manage till gather money enough wey go help us japa.

3 Likes

Re: Share Your Worst Business Experience by mhizmeme(f): 12:54pm On Aug 24
chin chin and peanut business. I was the producer and the customer

161 Likes 12 Shares

Re: Share Your Worst Business Experience by StayMotivated: 12:56pm On Aug 24
FX cry

1 Like

Re: Share Your Worst Business Experience by samuel19222(m): 12:57pm On Aug 24
angry
Re: Share Your Worst Business Experience by Coldie(m): 12:57pm On Aug 24
Shisha business.

I just wasted my money for nothing

8 Likes

Re: Share Your Worst Business Experience by Aestheticsdude(m): 12:57pm On Aug 24
BrBox:
I used to run a diapers business.
The business was moving fine until I broke up with my girlfriend, last year.
Shit really messed up with my head, to the extent that I lost interest in everything.

I closed down the business last month.

Is it lucrative? I was thinking of going into the biz too

3 Likes

Re: Share Your Worst Business Experience by Dimejimichael(m): 12:58pm On Aug 24
A female friend of mine introduce a business to me ,it is all about importing from China , I gave her money to tutor me on how to place order and how my goods will be shipped to Nigeria..

She gave me a site where I will pick any items I like to import and I will send her the link so that she can collate everything and send to d the agent she do use in china

To cut my story short , I spend over 48k on the goods and another 52k to clear the goods .

On getting to arena in oshodi to make payment and to obtain the items been shipped to Nigeria, I received the shock of my life , I only received 9 items out of possible 19 items I ordered for, all the items I received are substandard..

Till today the rest r no where to be found .

Wasted over 100k and ended up with nothing to show for .

47 Likes 5 Shares

Re: Share Your Worst Business Experience by Emeka71(m): 12:58pm On Aug 24
After I have finished taking my time and resources and money to come up with a good product marketable Biro; some ijebu mofo would be asking if the thing is free.

4 Likes

Re: Share Your Worst Business Experience by vivalavida(m): 12:58pm On Aug 24
mhizmeme:
chin chin and peanut business. I was the producer and the customer

Hahahahahahahahahahaha

You were patronising yourself na

12 Likes

Re: Share Your Worst Business Experience by StayMotivated: 12:58pm On Aug 24
CRYPTO

3 Likes

Re: Share Your Worst Business Experience by Macsjebs: 12:59pm On Aug 24
Mhen, business is not for the faint-hearted o...

2 Likes

Re: Share Your Worst Business Experience by Evan65: 12:59pm On Aug 24
mhizmeme:
chin chin and peanut business. I was the producer and the customer
Lol
It is well
Re: Share Your Worst Business Experience by Olubi15: 1:01pm On Aug 24
mhizmeme:
chin chin and peanut business. I was the producer and the customer
�...You go like food o.

5 Likes

(1) (2) (3) (4) (5) (6) (7) (Reply)

16 Reasons You Should Be An Entrepreneur And Own A Business / Lister Oil Insists First Bank Officials Forged Documents / Nigeria Mulls $20 Billion Offers To Sell Transmission Assets

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 120
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.