dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

FreeStuffsNG:
Don't try it! Go and work at least part-time in a bakery first.

The last person I know who did this entered serious financial and debt problems! Go first and learn the rudiments and tricks of the trade before putting your hard-earned savings in it.

For free business ideas and directory of sources of fund, and other freebies, check my signature!

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

aylive02:
. In most local places, they will require you join one "stuff" or the other like that. If you are a Muslim, Christian, or traditionalist, it must be a strong one to not give in to them. You know what I mean?

Cleanworld:


''What of'' Will never allow you to be great. Seven year on 100k salary? So what of if you are sack today? won't you find a way and start that business. if you can put all ego aside and handle that business like its for another person, it won't be long before you will get to your great height .

SO WHAT OF IF YOU STRATEGIZE AND ASK OTHER TO JOIN YOU BASE ON COMmISSION?

GO I SAY ....AND PROSPER NOW!

POTUS9ja:
My brother please listen to me. I'm a bakery owner and a master baker here in Uyo. I started the business in 2015. After I trained in the Living Faith Church Headquarters (Canaanland) Bakery and other local bakeries at Ota. After my training, I did not have the funds to start; so what I did will shock you. I started buying loaves from Canaanland and flying them via plane to Uyo to sell. That was how passionate I was. Who does that? Lol!

I eventually started my bakery small scale and within a year, it grew to become one of the best three brands in Uyo City. My secret was quality and good customer relations.

See enh! A lot is required of you if you must go into this business. This decision is not to be taken lightly. There are a mile-long reasons I can give you why you must not just saunter into it. Get yourself a professional for advice. You must know the enormity of the task ahead.

I speak this way from personal experience as an owner, baker and Consultant in this business.

But if I must give my candid and undiluted advice; now is NOT a good time to enter this business. As I speak to you, I have closed my factory for months now. Almost 40% of my colleagues have done same too.

This is Uyo I'm taking about. I don't know of your own base. Generally speaking, there has been a serious downturn of the business. Bakery business is lucrative despite it's huge challenges. But the reality on ground now is that we are no longer making money the way we used to. Why do you think the National body of Master Bakers have threatened to go on strike? Our materials are so costly now that we can no longer make profits. You will attest that prices of bread have hit the roof. As a result people can no longer afford bread as before. Consequently, sales have dropped for the few factories still managing to produce.

You will also notice that the quality of the bread you used to buy has dropped drastically. This is the only way the bakers can manage to make a little profit.

Personally I have refused to alter my quality just because I want to make sales. I have come too far to lose my position in the market. I reckoned that I rather take a hiatus than to temper with my bread quality that is so beloved by many.

I am not discouraging you o! But please seek the input of experienced practitioners or consultants.

If you were here in Uyo or neighbouring towns, I would have gladly helped.

Goodluck Amigo!

Trust50:
I'm a bakery owner with eighteen years experience. Infact we started like family business but we later settled ourselves. We are three out of four men in the business.
Currently, we are checking on other business to do as bakery isn't profitable again.
My dear, if I see any job that pays me #100.000.00 naira now I won't think twice but gladly accept the offer.
Don't leave your current job, you will surely regret

JessiE06:
Please stay with your job or think of another business to open. Bakery business is not a business you can start if you are not very FINANCIALLY BUOYANT and have ANOTHER steady source of income. It is a highly risky business where you can lose 70% of your investment in a day. As someone whose parents own a bakery what I can never advise anyone to start it because you have to be prepared to run into debt at anytime. You'll be shocked at the large amount of debts and loans most of these big bakeries have to take to continue running. It is a very profitable business but it is so risky that just the slightest thing can cause you to lose half of your investment. Worst is no matter how many years of experience you have it is never enough. I can go on and on about the risks. From production to the workers to sales. It's plenty

Nlkay:

Pls what kind of consultancy are you into?

Bengs37:
[color=#006600][/color] please what does it take to become a consultant in ones field.

pocohantas:


Make una dey calm down with motivational speech abeg. Salary pass salary.

CzarChris:
I'm a geotechnical engineering consultant.

Nlkay:

How often do you get jobs with this? You reside in Lagos or where cos I share same discipline.

CzarChris:
You have a degree in Civil Engineering/Engineering Geology?

dennis3888:
Good morning all have read through all your Advises and criticism and I really appreciate your response but my challenges are thus

Where I work is in a different state from where I am setting up the business so monitoring, shuttling in between will be a big challenge

Secondly my wife is working in a government establishment that is demanding so she can not put an eye on the business

Thirdly it's a new business and have invested a couple of millions in the business how can I leave it in the hands of strangers to manage it for me.my plan is to kick start it and watch it grow then I will look for other source of income like a paid job.

Lastly my bank job is stressful and demanding and it's target driven and I can loose it anytime so it's also risky for me

Thank you all