OP is right. Financial Independence is not the same thing as self employment.

However the case he presented is not necessary so.

Some employees also faces down time like their self employed counterpart.

If an employee is prudent and can save over time, he will have money but not necessarily financial independence because the moment he quits his job and stop earning, his savings start depleting.

Attempting to do business without the necessary experience and skills might leave him buying experience with his hard earned savings.

Unlike the self employed who is continually looking for opportunities to multiply his income and profits.

A times, he might be lucky, a times he might not be but can always pick himself again.

It looks easier for the self employed to attain financial independence faster than an employee.

Just this morning, my friend told me of a one GM of a multinational coy who called him while we were together pleading for 10k to take care of himself.

According to him while the man was in service, he was so big that you would think he will never be broke again but today he is looking for just 10k to help himself.

Same scenario can happen to both the self employed and the employee, the difference is that the self employed stands a better chance of recovering faster than the employee. I might be wrong though.

OP is right. Financial Independence is not the same thing as self employment.

However the case he presented is not necessary so.

Some employees also faces down time like their self employed counterpart.

If an employee is prudent and can save over time, he will have money but not necessarily financial independence because the moment he quits his job and stop earning, his savings start depleting.

Attempting to do business without the necessary experience and skills might leave him buying experience with his hard earned savings.

Unlike the self employed who is continually looking for opportunities to multiply his income and profits.

A times, he might be lucky, a times he might not be but can always pick himself again.

It looks easier for the self employed to attain financial independence faster than an employee.

Just this morning, my friend told me of a one GM of a multinational coy who called him while we were together pleading for 10k to take care of himself.

According to him while the man was in service, he was so big that you would think he will never be broke again but today he is looking for just 10k to help himself.

Same scenario can happen to both the self employed and the employee, the difference is that the self employed stands a better chance of recovering faster than the employee. I might be wrong though.

The buy offer is still open. Interested in selling.

Call Jide: 08035018183

arare: Need to hire a car while living in Lagos for the next 6 months. Does anyone have any ideas of where I can rent a car for half a year? Please hola. Tnx.

Try ACECARZ-KELZ car rentals in Surulere, they have unbranded new cars (Toyota corrollas and Rav 4) and their prices are affordable. Call Mr. Kelvin 01-8427896, 08028668603 or ping him on
BB PIN:26CCBB7E for more details.

aasog1: I have been doing some business since I graduated from Yabatech since 2005,
I have tried my hands on some couple handful of business. Some worthwhile, and with great ROI, worth going into. I hope we can share experiences and ideas, and here is mine!

1. I have tried Computer/Phone Accessories in Ikeja only to know if you dont have a Yahoo! Boys chain of suppliers, you would soon run bankrupt. This link was scarce to me, and besides, I dont know how on earth people like Slots and his ilks generate the kind of "Distributorship Fees" running into $1,000,000 or more to pay Nokia, Blackberries and the likes to be direct suppliers of their products in Nigeria.

2. Went back to my profession as an engineer, managing my father's construction and engineering firm, only to discover Nigerians don't want to pay for quality. People just want to build, and only pay for the materials, and not the engineers. I love the job, but you sometimes feel like your wasting your life building peoples dreams, while you spend the next 4-6 months of your year working for 500k or less, while spending the remaining 6 months fighting dirty for another contract. And the contracts sometimes are so slow paced, you get irritated. Its a great job, but totally disastrous if you totally rely on it unless you work for J'Berger and other bigger construction companies.

3. And then, some windfall popped in, I went into Poultry, managed by me part-term with a farm attendant while working Real Estates and Engineering. The variables involved in this business was so crazy: the quality of birds, farm location, access to loans (which is 0%), finding a sincere poultry attendant, dealing with predators: snakes, wild cats, etc, Stress management, eggs theft, diseases, litter management, etc. Seriously, i havent even been in Poultry for more than 3 years, and all of a sudden, my farm is surrounded by hundreds of houses which were non existent when I went to Ifo in 2009, and now they want me out of the location, due to our occasional once in a month litter clearing mess. Which really isnt nice at all.

4. Selling the poultry for a whooping profitable amount, I'm planning going into starting a school, and building 1 or 2 Commercial structures along the express road. Ive long created a long list of where Nigerians pour their money, and I think education is one of the top 5.

So, my biggest regrets, computer / phone parts, poultry (though its fun and awesomely rewarding, though its insanely expensive and sooooo long-term and not for hustlers but investors!)...commercial properties, wish I could do more: A land I got for 4mil along the express September 2011 is now been sought after by a fuel station that wants to pay 6mil, despite, I havent done nothing on it. But i aint selling. So, I guess express properties are wonderful, but also expensive.

I cant keep listing....judging my experiences though totaling just 7 years, is little compared with some business veterans in here.

Please, what businesses do you wish you NEVER try. And which would you want to keep doing. Even at old age.

Nice one. Mine is blogging. I started blogging 5 years ago, but slowed down drastically. I have picked it up again and I am happy I did because its better late than never.

Another business I regretted in totality is selling men's briefs and lady accessories...meeen that one na gbese kill my first consignment from America. I lost a lot of money in that business due to credit purchases and lack of time to chase my creditors.

I am understudying another business and will definitely use the lessons learnt from my past experience to make it succeed.

@OP,

Hope you don't mind my posting your story on my blog to assist others.

Both of them are important to the economy as they provide complementary service to one another.

The big firms needs the smaller firms to manage their non-core professional areas, provide local raw materials items for production and in some cases manage their distribution network as well as the smaller firms need the big ones businesses to survive.

For Nigerian economy I believe the small business provide more in terms of jobs when we look at the employment index (Not too sure of the stats at the moment).

The big firms contribute more in terms of taxes to the government due to their organized structures while the small firms pay taxes also but a lot of their taxes paid do not get to government coffers.

About size of small firms in Nigeria, I think it's as low as one staff set up unlike the US with bigger economy where there are different levels.

Though I believe the size status might likely change with time as the orientation is now gradually shifting from paper qualifications to skilled work and entrepreneurship due to the high level of unemployment/job cuts which is forcing more people to be creative to survive.

This i think will be good for the economy in the long run though it's really hurting us now.

Both of them are important to the economy as they provide complementary service to one another.

The big firms needs the smaller firms to manage their non-core professional areas, provide local raw materials items for production and in some cases manage their distribution network as well as the smaller firms need the big ones businesses to survive.

For Nigerian economy I believe the small business provide more in terms of jobs when we look at the employment index (Not too sure of the stats at the moment).

The big firms contribute more in terms of taxes to the government due to their organized structures while the small firms pay taxes also but a lot of their taxes paid do not get to government coffers.

About size of small firms in Nigeria, I think it's as low as one staff set up unlike the US with bigger economy where there are different levels.

Though I believe the size status might likely change with time as the orientation is now gradually shifting from paper qualifications to skilled work and entrepreneurship due to the high level of unemployment/job cuts which is forcing more people to be creative to survive.

This i think will be good for the economy in the long run though it's really us now.

Richardid: Greetings to all Nairalanders.please i need your help. I want to venture into polythene bag production .somebody should pleasd give me an insight iof the business.

OP. I am currently learning the ropes of a related field - waste polyethene processing with a view to go into polyethene production with time.

Though I have learnt one or two things about polyethene production, the type of machines needed, types of polyethene raw materials, coloration and their finished products.

Read these articles relating to waste recycling last night, might be of help to you: startups.co.uk/waste-and-recycling-business.html

http://dl.dropbox.com/u/21130258/resources/InformationSheets/Plastics.htm

Cheers!

I think entrepreneur is the key to grow the economy upward again.

Entrepreneurs will assist greatly in reducing unemployment in the economy because they create jobs.

Yes, Nigeria is a very challenging environment for entrepreneurs with the lack of basic infrastructures needed to set one up easily. But then Necessity is the mother of invention and invention is one of the key drives behind entrepreneurial success.

Start ups might be challenging but focused determination keeps an entrepreneur afloat.

Being an innovative Entrepreneur is definitely key to success provided one is focused on building an organization from the scratch rather than a one man business.

The buy request for this shares is still open for owners who wants to sell theirs.

Call Jide on 08035018183 now for more information.

For those asking about the requirements;

Basic requirements are;

1. Bank Confirmation
2. Proof of Ownership (Driver's License, Passport or National ID card)
3. Authority to sell

Hope this helps.

There is demand for this equity now. This could be the best time for you to sell knowing our stock market.

You can call Mr Jide on 08035018183 for further enquiries on the stock.

Be smart. Demand is only for a period.

Still available

I have a friend who is a major distributor
in some of the weavons companies in
Lagos.

She supplies and make deliveries to
customers within and outside Lagos at
wholesale prices.

She has been in the business for close to 10 years and can assist you in your inquiries.

If you interested in her details, please
mail me: imoisilis@yahoo.com

I have a friend who is a major distributor
in some of the weavon companies in
Lagos.

She supplies and make deliveries to
customers within and outside Lagos at
wholesale prices.

If you interested in her details, please
mail me: imoisilis@yahoo.com

Hi NLDs,

Do you have consolidated Breweries shares certificates you want to sell quickly?

Please e-mail: imoisilis@yahoo.com or call my contact (Mr Jide) directly on 08035018183.

I have a friend who is a major distributor in some of the weavon companies in Lagos.

She supplies and make deliveries to customers within and outside Lagos at wholesale prices.

If you interested in her details, please mail me: imoisilis@yahoo.com

Property still available. Nice location for Hotel, School or residence purposes.

Price is very open for negotiation

George_D:

hello cretin,
there is usually no difference in charge time when your using nepa or phcn to charge your battery bank whether your inverter is turned on or off. reason being that when your inverter is connected to public power, it is configured to automatically transfer public power to your house while at the same time charging your battery bank. there is enough amps available in public power to take care of both processes independently.

the problem however is when your using solar panels to charge your battery bank and should in case your panels are undersized for your system. in such a scenario, your charge time will be affected by usage of your inverter.

and depending on whether your generator is adequately sized to carry your inverter, there shouldn't be any difference in charging time. however if your generator usually struggles to power your inverter, you may find that it takes longer time to charge your battery bank with your gen.

hope this helps?

Yes it does. Thanks for the info.

@Cretin,

I bought my Zenith Batteries for 45k each from the Henry guy George referred to me. Call him on 08025810677, I think he should still have some batteries left.

@ George,

My brother and I had a little argument on charging the inverter today and will like to know what you think.

Bone of contention is if the batteries charges faster when the inverter is turned off or turned on.

Also if NEPA charges it faster or generator.

We appreciate your opinion on this.

Thanks as usual.

Still available

Property still available. Property can be used for Hotel, location is very okay for hospitality business

Property still available. Property can be used for Hotel, location is very okay for hospitality business

Same here. First heard about them yesterday through a friend and up loaded my cv for a vacant role I saw there.

I believe like every other recruitment sites they are okay, would love to read real testimonies here.

@George,

Thanks. Got the battery from the guy and have installed the inverter, can't believe I have not thought of fuel since I started using the inverter.

Unfortunately I lost my job same week of the installation but I thank GOD buying fuel which was a daily routine before have been removed from my expenses now.

With electricity to cool my head down and strategise my next moves I know it is well.

Thanks once again.

Thanks George, I will call him. Thank you.

@ All,

Please inbox me the name of any zenith battery distributor in Lagos where I can get their original 200ah batteries.

Called buyright today, told they have run out of stock of Prag batteries.

My mail address is imoisilis@yahoo.com

Thanks.