Hassanmaye:

Lies are you trading?

Xammie001:
Ikorodu, Lagos

Runnerzz:
Lol... Back in uni me and my cousin started some okada business. Omor these riders na we come dey pay them after some time oo. Complaints no dey ever finish from their mouth. One problem to another small thing men done gather come dey enter repairs. After smoking and thinking hard. We summon all the riders took the okada from them and made arrangements for them back to Benin. E come be like them remove skyscraper from off my shoulders. Not to mention how some silly friends made a mockery of the move 🤦🏾‍♂️

NaughtyBrainiac:
Funny and Educating. I have plans to build a hotel. I lost so much money between February and April this year. I am currently praying to God that the source of income that fetched the money should not block( at least till the end of the year).

If my prayer is answered, I should be able to save 40 Milion naira between now and end of the year.

If it works, I am seriously considering building a hotel of about 20 rooms, with lounge/bar. I prefer that to building a house.

What are your thoughts?

lavylilly:
What you should ask yourself first is: how much do I have to spend on absolutely essential utility bills and personnel to keep this business open and divide them to the days of operation.

Next thing to do is calculate your maintenance costs and divide them to the days of operation.

Third step is calculate your daily wage and add that to the expenses.

You add the above figures and you have yourself the amount which is the margin loss to profit line. If the hotel earns more then it is profitable, if the hotel earns less then you need to adjust the prices assuming you CAN do that.

Always check the competition, what they offer, how much they price it and find something unique to add to your product (e.g. Book 7 nights pay 6) Location is important, open your eyes on short rest because those receptionists will do about 10 SR and claim it only 2, you need to monitor the revenue most especially those that lodge at night. Be very strict an discipline too.
Lastly, manage it yourself & join the association of hotelier in your region
Rental properties comes with a lot of heachaches most especially TENANTS, UNLIKE HOTEL INCOME ARE GENERATED DAILY

Oyindamolah:
My Landlord is a stark illiterate, but has business acumen, a man that has been in business for over 4 decades Baba Agbala gba, none of his children are working for any organisation or company

MISTAICEY02288:


Chai! While we were going to school to learn how to be graduates and work in the corporate world, these people are there learning businesses and making big money moves

Xammie001:
Savings
where i work i use to see side money every month Then 140k outside salary so i save up to start but OLULE

GoldenqueenC:
lesson learnt the hardest way.

aysnoopy:


Currently not in Lagos

grafixdon:


I still need the bar. I want to give it a second chance

Iseoluwani:


Logistics as in delivering of customers goods to customers house.

lavylilly:
I know of someone that can supply you direct from south-south palm oil

lizko:
Which is approximately how much if u have any idea pls.

dahunsi12:
1. Pig farming though I started with the wrong person that later duped me
2. Rabbit business I started on a very good note but disease and thefts finished the business for me

Xammie001:
I'M READY OOO

IyaTola:
Drop your number

grafixdon:


You know the bar, that's very correct. Agric road

fcbelle72:


His own fool, get gray hair, and walks with ,walking stick

grafixdon:
Bar. I lost close to 2.5m. No good staff, most of them are greedy and rude. It's been 2 months I closed the bar. Would reopen when I get someone very serious who can manage the bar for me.

Xammie001:
.5.8.1.7.

IyaTola:
Yes, them run you street for that place, trust me when I tell you, you employed rogues

grafixdon:


That means you know me very well... I know I employed rouges that's why I shut the place for my sanity. Most Nigerian are terrible.

Blake755:

U already said nah lie why asking me again

akaahs:

What do u meant by started with the wrong person?
Im marking out plan to mine (piggery) before d end of the year with my mother incharge with strict supervision from me.

IyaTola:

grafixdon:


Oya, identify yourself 🤓

TheRealOwner:
Futures trading. I lost over half a million of another person's money and developed hypertension. I quit crypto last year November and my blood pressure is gradually returning to normal

sircrabo:
Topics Like This make Nairaland Interesting. Not Tribal Jabs everytime

dahunsi12:
1. Pig farming though I started with the wrong person that later duped me
2. Rabbit business I started on a very good note but disease and thefts finished the business for me

IyaTola:
When you open it, inform me.