My mom sold her house recently and I've been thinking of what business she can start with 1m from the proceed.

MikeTyson:
My mom sold her house recently and I've been thinking of what business she can start with 1m from the proceed.

Depends on the goal...

Those her have other means of income ?

I mean is she looking for a long term investment or something she could use to feed herself ?(1 -3k inflow daily)

RandomThoughts:


Depends on the goal...

Those her have other means of income ?

I mean is she looking for a long term investment or something she could use to feed herself ?(1 -3k inflow daily)

No other source of income at the moment. I just want her to have a shop to keep her gainfully busy

MikeTyson:


No other source of income at the moment. I just want her to have a shop to keep her gainfully busy

In that case, it's depends on the State, and location, also her age( I mean how fit she is)

Places like Lagos, (Shops are now expensive) so business that requires shop is out of the equation, unless she will get a shopless business, how fit is she to handle that ?

I am not discouraging you but a million is not something you pick on the floor, so plan wisely before executing, work with raw facts...

Thank you so much for your time and contributions

I will always say, if you have money and the next question in your mind is what business can I start with this money, please don't start any business.
A proper business need research, planning and proper execution and even with all that, many businesses still fail.

MikeTyson:
My mom sold her house recently and I've been thinking of what business she can start with 1m from the proceed.

Piggery