Business › Re: What Profitable Business Can I Do With 5 Million Naira? by bigbauer(m): 8:04am On Feb 12, 2020 |
Seriously? A paltry 150k monthly on a truck? How much do you think people that drive Peugeot boxer (new model J5) and even J5 return weekly? Not even weekly but monthly, 150k on a truck is ridiculously too poor. nigeriantrucks: I own a truck and a logistics license with some factories in Lagos. We need more trucks; 6 tyres. We handle maintenance and pay driver and motor boy, and remit 150k monthly to you.
If this interests you we can arrange a meeting in Lagos at my office to discuss further. The truck you need is sold around 3.5m. |
Business › Re: My Startup Hotels.ng Just Raised $1.2m. Ask Me Anything by bigbauer(m): 10:57pm On Feb 11, 2020 |
Wow, I'm amazed, I never knew you were on Nairaland. Congrats, I salute your courage, I know what it means to have people believe your vision to invest their money. Sesongo, amenam tutu. I'll surely take you up on the offer, I have tons of questions. I'm particularly interested in the things you did/tried that didn't work out as planned before Hotels.ng got it's break through. markessien: Hello Guys,
I am Mark Essien, the founder of Hotels.ng and Hotels.ng just raised $1.2m in funding from international investors. I started this business on my own two years ago in Calabar, and now we have become a big business. Hopefully, some people will read this and know that it's possible to be innovative, creative and build something from nothing in a few years.
http://www.forbes.com/sites/mfonobongnsehe/2015/05/26/nigerias-hotels-ng-raises-1-2-million/
Questions that people have asked me and answers. If you have any other questions, ask below and I will reply.
What's your view on competition? How closely do you follow what Wakanow, Travelstart, etc., are doing relative to hotels.ng?
Competition is necessary for you to have a baseline on which you want to improve from. Otherwise you can have a really crappy product, and you don't know because there is nothing to compare it with.
At the end of 2014, you made the following statement: "We recorded almost no customer complaints in last two months, while booking tens of thousands of people.” So...what's your approach towards customer service? And how has your team (apparently) been able to proactively address issues?
Customer service in my opinion, is about empowering customer service to do the best they can to help people, no matter what it costs.
As an entrepreneur, getting the right staff is usually a challenge. How do you get talented people? What is your recruiting trick for finding great staff?
I do things like this - https://medium.com/mark-essien/hotels-ng-interview-questions-to-screen-for-a-genius-49bb6cb9946a - to find people.
What was your biggest fear on the journey to this point, and how long did you anticipate it will take you to cross this threshold? My biggest fear was that we would not make enough money in time to be able to survive, in case we did not raise money in time. Luckily, with focus and a bit of luck, we crossed that bridge.
What would you do differently if you were starting over today? Differently - I would have avoided doing things that are side-experiments and been more focused on the main thing.
How many percent of your company did you have to give up for $1.2million. Do you own controlling shares? Right now, I own more of the company than if I had no investment, but I had a co-founder.
Who are your senior management team? In every conversation about Hotels I only hear about you the founder, never about the team. So far we have operated without a 'senior' management team. But that is about changing. Expect some news here.
Did you choose your investors or did they choose you? I am personally working on a service and trying to decide who my investors should be. We chose each other, just like a marriage
Tell us three business development hacks you used to stay afloat while you raised money..? 1. staying very focused on what would contribute to bottom line and what would not
2. Implementing performance based compensation across board
3. 3. Deferring expenses that were not critical.
What is it about hotels culture that has made you successful and how will you keep it consistent as you scale. Hotels Culture is one of everyone-do-your-best and always keep thinking. The overall philosophy is that people should not need to be controlled to do their best. The Netflix presentation on this is one of the best I have read, and I hope we one day achieve this.
Do you consider yourself a technology company or a hotel booking service? We are 100% a technology company.
What inspired you to start Hotels.ng? I was inspired by wanting to do something in tech in Nigeria, and seeing a big open market
Here's my question before you received funding from spark how many employees did you have? First of all, it was just me coding the site, then after that I hired a friend called Charles Bassey - and we were working together getting our inventory in calabar. That was before I moved to Lagos.
--- If you have any questions, feel free to ask, I will answer them all!
Me and the team |
Literature › Re: My Madam And I (part Two) by bigbauer(m): 5:03pm On Feb 11, 2020 |
Topher052, today's Tuesday. I've been checking since morning. Please drop the updates. I'm expecting like 5 lengthy posts. Great story. Kudos. 1 Like 1 Share |
Literature › Re: NIGERIAN Ethan Hunt... By Danny Walker by bigbauer(m): 11:32pm On Feb 09, 2020 |
this is good. |
Literature › Re: The Hole In The Wall by bigbauer(m): 1:44pm On Feb 09, 2020 |
Souloho19 it's abnormal for you stay without updating your thread. Whatever be the challenge, I pray God steps in for you. Get well soon bro. 1 Like |
Literature › Re: "Ocean Of Secrets" A Story By Millieademi by bigbauer(m): 1:26pm On Feb 09, 2020 |
So sorry man. millieademi: Hi, guys. How has the week been?
Sorry but this is an official announcement that Ocean of Secrets will be on an indefinite hold. I was mugged yesterday and my phone was stolen. My manuscript is gone and I have no means of continuing for now. I'm still in shock and bingeing on Sia's Big Girls Cry.
Once, I get a new phone I'll continue.
I didn't want to be like I'm online but not updating.
Love you, peeps. |
Literature › Re: How Gbenga Found Love by bigbauer(m): 7:13am On Feb 08, 2020 |
Nice story. I hope updates will be timely? |
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Literature › Re: Medicine by bigbauer(m): 9:28pm On Feb 06, 2020 |
marvel15: am back ohhh I'm glad to know you're still alive. |
Literature › Re: NIGERIAN Ethan Hunt... By Danny Walker by bigbauer(m): 9:25pm On Feb 06, 2020 |
can't help but ask for MORE! |
Business › Re: Become A Social Volunteer... with Drone One Enterprise Solutions closes 31st-Jan by bigbauer(m): 4:24am On Jan 29, 2020 |
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Business › Re: How Much Capital Will Be Needed To Start A Mini Supermarket? by bigbauer(m): 3:58pm On Jan 23, 2020*. Modified: 9:31am On Mar 28, 2023 |
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Literature › Re: "Desire" By John Mfon by bigbauer(m): 10:08pm On Jan 17, 2020 |
Noblejohn32: Fresh episode loading
Olybaby23 i am waiting for your comment How long will it take to load? |
Literature › Re: "Desire" By John Mfon by bigbauer(m): 8:13am On Jan 16, 2020 |
Noblejohn32: Fresh episode loading......... Now you don't need to start begging for comments. You're doing a great job. Kudos |
Politics › Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by bigbauer(m): 6:21pm On Jan 12, 2020 |
helinues: And by the way, hope you are aware Chinese Yen is more useless compared to Nigeria Naira. More useless yet a Chinese Yuan is worth 52Naira. Please how do you define "Useless compared to Nigeria Naira"? |
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Literature › Re: The Great Tribulation Of John (fantasy) by bigbauer(m): 5:58pm On Jan 11, 2020 |
Are uninvited guests welcome? Giamem: Please, I am inviting you guys to come read. I promise it's going to be fun and captivating.
statistics1 jadeliyi greatme2good extremelygolden Ann2012 lobell Ayemileto Domance oghenekome51 Khriztarl Zuriel100 jupitre Slyvesterjosh Elshberry KhalifaDam genius43 doctorexcel amikeem Napoleonsammy anneboy02 Mavikolo2020 Christie171 Princesstee olite93 ayshow6102 cassbeat Madosky112 decoderdgenius ifud Smooth278 Boludammie HotB phoenixchap 1 Like |
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Literature › Re: "Desire" By John Mfon by bigbauer(m): 9:47pm On Dec 15, 2019 |
Well done |
Literature › Re: "Desire" By John Mfon by bigbauer(m): 5:58pm On Dec 14, 2019 |
Noblejohn32: Abeg broz no vex I'll try my very best. Sorry bro if I’m too harsh on you. I’d rather told you the truth than comfort you with a lie. Do your part, the readers are sure to do their own. Keep up with the updates, work on your delivery, by the time all the people I invited and others that are currently reading this story will begin to drop comments, you’ll think they’ve taken over your thread. Do your own, keep improving. 1 Like |
Literature › Re: My Adventure As A Corper In Plateau State Jos by bigbauer(m): 1:41pm On Dec 14, 2019 |
Mykeldayo, we the cool headed readers are expecting an update to help secure our cool headedness this weekend. Thank you in advance, and a bottle of non alcoholic red wine for you. |
Literature › Re: "Desire" By John Mfon by bigbauer(m): 1:40pm On Dec 14, 2019 |
Noblejohn32: Oga I'm trying my best but the fact is there is no motivation from the readers and i find it reluctant to update. and i don't understand what you meant in ibibio Oga, what kind of motivation are you looking for? Trust me, if you're waiting for others to motivate you to do something, it means the thing isn't worth doing. If it's worth doing, you'll do it with all of you. If you don't believe in yourself, why should I believe in you? Your updates are so inconsistent both in length and timing. Maybe you should just close the thread, since you're neither motivated nor inspired. |
Literature › Re: Out Of The Blue by bigbauer(m): 9:39pm On Dec 13, 2019 |
Pls asides Okadabooks how else do I pay for the book? I need it |
Business › Re: How To Ship Goods From 1688 To Nigeria,sell Online Without Physically Seeing It by bigbauer(m): 11:50am On Dec 11, 2019 |
@gideon286, what has this thr ad turned to? #tugrow the complains about you is getting out of hand, and your recent attitude of attacking your clients is beneath a serious businessman. #puskin #naijacutee #dominique #FOD the spamming in this thread is too much, please help sanitize the thread. |
Literature › Re: My Adventure As A Corper In Plateau State Jos by bigbauer(m): 8:10am On Dec 11, 2019 |
Mykeldayo, hmm, I never knew I was a cool headed guy  . Guess I’ll ask my wife and kids about your assertion. Thanks bro, I like how you’ve decid d to add substance to the story, a huge relief from the ‘Bang wam’ the story was becoming. 1 Like |
Literature › Re: Amazing November by bigbauer(m): 9:45am On Dec 09, 2019 |
God bless you richly. This is worth reading, full of deep and meaningful lessons. I’m not surprised, it’s evident that you’re enjoying your relationship with the Holy Spirit. |
Literature › Re: My Adventure As A Corper In Plateau State Jos by bigbauer(m): 1:42pm On Dec 08, 2019 |
Wow, thanks for the updates. It's getting a bit better than the bang wham that had 'almost' characterized the story. |
Literature › Re: "Desire" By John Mfon by bigbauer(m): 12:15pm On Dec 08, 2019 |
Update oo |
Literature › Re: "Ocean Of Secrets" A Story By Millieademi by bigbauer(m): 4:14pm On Dec 07, 2019 |
Milieademi wow. Wish I wasn't the one saying this, but you've disappointed me, I wasn't expecting this from you. I mean back to back updates no excuses, no delays? You got me floored. Hmm, this is the way to treat naysayers, you allow your success do the talking. Thanks. And hope this isn't one of those moments you just do some good, next thing you've relapsed to excuses and mediocrity?  1 Like |
Business › Re: How To Buy In 1688.com Chinese Store To Nigeria Yourself Without Agents Help by bigbauer(m): 11:36am On Dec 04, 2019 |
arimahoseloka: Am still waiting for my goods (battery product) to land at EMCA Lagos office. Can you help me out? In what way do you need my help? |
Literature › Re: "Desire" By John Mfon by bigbauer(m): 3:20pm On Dec 03, 2019 |
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Literature › Re: Rebirth by bigbauer(m): 3:19pm On Dec 03, 2019 |
tracyberry: Gimme a minute A minute has turned to hours. Tracyberry we're waiting o |