₦airaland Forum

KingOfThePay:
How dare you pump in all that amount at once just to start a business, or do you have other existing businesses already bringing in funds? You only do such when you are established to an extent and want to diversify okay.
After you pump in the 7m what back up do you have?My young friend.

Now listen,

Divide the 7m into two. Save 3.5 Million. When I mean save I don't mean save to expect returns or save to temper with for any thing, I mean just save it like you don't have it again, save and forget.

Essence for this: You are coming back to Nigeria and never going back- You have to be prepared for eventualities of all sorts until you are fully established. Anything can happen, and if thing goes south you will always have something to Fall back on.


Now after that, divide the remaining 3.5m invest 1.75m into the Business you want to start and keep the remaining 1.75m for upscaling and modalities.

When a business is good, it can be upscaled and to upscale you simply put in more funds to whatever specific activity it is that is getting you results. That is where you will use the balance to touch things here and there...

Essence of this: You don't pump in everything you have at once into a business riddled with uncertainty. You have to be clever and go by the adage start small grow big, afterall the essence of business is to make profits and when you making profits, it means you are growing, and hence when you are getting profits, how much you started the business with doesn't matter again what's important is that it booming bringing in gains.

With this consciousness in mind, what you then do is upscale by pumping in more funds into activities or building facilities that's getting you those results so you expand and become bigger..

That's how its done my man. Be wise.

My business recommendation? Importation Business, Nigeria is a developing country with growing availability for consumption of millions of goods. China is the world number one manufacturing power.
Bring down the whole China to Nigeria and turn it to millions....

Impressive thing is you dont need millions to start this, yet, with a bit of time the returns you will get will run in millions...

Gracias!

Thanks so much for this ideas and advice sir, I really appreciate

BanevsJoker:
Good Morning. Since na now you just dey wake.

I hear my brother

Thank God for her life

Am beginning to think the name Buhari translates to suffering. Fuel scarcity join the suffering of Nigerians already

Nor be he/she get their WhatsApp?

Our leaders are dead to this now, this is a ticking time bomb

Thanks for all your ideas, I must confess I have really been enlightened, I don’t think I’ll wanna invest in transportation because I can’t shout, there are stubborn drivers who would rather prefer to be killed than be truthful. I’ll give the treasury bill a try.

Sincerely from my heart I say thank you to all

lilwetdick:
Bros forget business, you are not fit for it. A businessman knows what he wants to do once he lands naija. He sees the opportunity from afar and know everytin abt d business before he lands naija.

invest in treasury bills. It is safe and does not give heart attack

Tell me more boss

kaysy:
@OP, you have N7m. Now let me tell what i will do if i were in your shoes.

Set up a 5ton mini gas refilling plant in any location i believe it will sell (Especially my village) with N4m. The N4m covers cost of set up and training from the gas company u will franchise with, take N150,000 or so to buy motorcycle to for free delivery, use about N500,000 to acquire space for the mini depot, then keep the balance. With this, u are already in the future waiting for Nigeria even though the business is currently selling well now, it is projected to sell more in future.

Am sending you a DM

Am sending you a DM

.

IncomeMachine:
OK... But you know not every idea can be shared in public... The idea is to you... Not the public....ideas get stolen easily. They are quite easy... But it's called an idea cuz its not available to all. I have one in the sports(football) sector... Has nothing to do with betting... Full scale firm. I have another on drinks(beverages) just in its packaging and reselling..... It's quite simple, but you would wonder why you didn't think of it. Have another in the catering aspect, it's Very very lucrative. I am an embodiment of ideas... It won't cost you a dime to contact me... Won't charge u anything for that..... I'm saying this to all out there who need this too, not just he alone. At least from my words, you should know I mean business and legal one at that. If the mail is the problem... Send me a DM here on Nairaland and I would reply promptly. Just can't drop sensitive information so like that here... Even when you apply to funding companies, they don't grant access to all areas of your pitch deck for the public to see... Most of it is restricted, so your idea is safe. I know why I didn't drop phone number... If your scared, you can use a fake email, IL still reply you normally.. Just want to pass the info to you and see how we can go about the biz.... Ur call sir.

I have replied your DM

Pentasoft1978:
Yeah, that is a good one, where are you located in Nigeria? Location matters a lot too, your goods and services must be in high demand by the people around you.

Not sure your read my post, well I live outside Nigeria and am planning relocating permanently to Nigeria. I stay in Festac whenever am in Nigeria

ShyWhale:
I'm in your shoes. Please do not contact anyone outside of nairaland.

Do you have any education, trainings or work experience? Hire a registered business consultant to guide you well in that direction.

Thanks so much bro, I don’t have any experience but I think your advice will guide me

Pentasoft1978:
What's your budget....that's where you start from is not about business ideas.....I have hundreds of them, documented with attached business plan, without one knowing your budget, one can not recommend the one that suits you.

It’s stated there sir, 7m

Doh

IncomeMachine:
please send me a mail via cizzlensbg@gmail.com.....u can send ur number there and we would chat via Whatsapp or call... Got alot I can share with you on this topic...

Please bro I need whatever advice you have for me to start here, I’ll contact you privately when am convinced it’s genuine.

Use both hands cover your white yam.

Edoloaded:
Buy electric hand fan from China and start selling it in Nigeria. Honestly people will buy because of the current heat situation plus everyone presently are tired of the manual hand fan. You can even talk to the seller to reduce price for you since you are buying in bulk

Thanks for your idea bro, Noted

gurujoe:
You haven't really explain what you want for people to give their advice

Give me business idea bro

I have been in and out of Nigeria for a while now, recently I started thinking of coming back to Nigeria fully to start something and stay with my son.

It has never been my thing to marry abroad nor do I want to remain abroad. I was in Nigeria in 2017 to start something but I ran back after I was harrassed by SARS officers in Festac and they collected huge sums from me.

Now am coming back for good please I want my brothers and sisters here to advice me on the kind of business I can start with 7m, no jokes I’ll buy any idea as far as it will be profitable, am even ready to go into a genuine partnership.

Mod please push this to front page for me, now South Africans are asking us to leave though not official.

May their soul Rest In Peace. No need to place curses on the soldier because we know they are prone to death

Buhari will send his Armies after these hunters now

No time for that one

skarlett:
@boldened full stop.
Stop blaming Nigerian women for being as inactive as you, it's hypocritical

I have been so polite little sister, watch it because if I take on you, you will vanish from here. How have you contributed towards the growth of your family not to talk of your area.

Slay queen mind yourself oo

skarlett:
You'll sit in your house and say she's on stomach infrastructure but at least she risked her life to come out, have you

I haven’t my dear, check the people speaking out for you they pretended they were speaking for the masses just to gain recognition during the recent inconclusive election.

The constitution was written to favor the north.

skarlett:
Shut up abeg, the one Oby Ezekwesili has been leading since have you joined or you didn't see many men in the picture lending their voices to the struggle the only thing you e-rats know is afonja vs Igbo, feminists, babymama and slayqueen this and that, as if womyen are the reason why you have no life Gerrifok!

Kid sister Oby Ezekwesili is on stomach infrastructure. The matter pain you oo, I believe say you dey slay well well, na una occupation u name above so oo, na as una cry come Na so we follow.

Our women for Naija na suffering and smiling, they clap for their killer.

This woman is the real slay queen not those protesting against their baby dad on social media or those fighting over lingerie

.

castrol180:
Fulani killing ipob guys on their way to the farm? It seems Fulani guys are resuscitating after their patron was rigged in as the

president of the nation. No job out there and youths are managing with farming but the oga of the meyatti allah will later come

out to referred to them as "lazy youths".


This government is somehow

They are just hypocrites, they are feeling the heat too they can’t cry out. They enjoy the sound of cries

Denikayan:
God don dey punish your papa tey tey, so i no get words for you

Mumu blind cow, make una dey fool una selves