₦airaland Forum

etiosa97:
Good day everyone. I had some spare money with me last year and I decided to use it for something lucrative since I wont be needing it for the now. I decided to buy a car, a Toyota camry(pencil light) with a view to giving it out to someone reliable to venture into these Taxi/cab business and get get in return on a daily or weekly basics. But i was advised by my aunt not to buy it because she felt it’s not lucrative and because its gonna be a daily or weekly pay, she felt the operator might misuse the car. She then advise me to buy a bus( direct Belgium) and find someone reliable to give it to as “balance and carry go”. The price tag of the bus which she told me was 1.450m, And I had to pay another 70k for side mirror, seat and tire replacement plus plate number. Then she looked for someone ( a friend of her husband) and handed it over to him and right there in our living room he agreed to pay 20k weekly and balanced 2.250m in 2 years and some months. Few days ago A friend of mine told me that I was being duped and that the man was supposed to pay x2 of the initial amount of the vehicle which is 3m.
Although he said he will be the one to fix it whenever the car has any issues

etiosa97:
Good day everyone. I had some spare money with me last year and I decided to use it for something lucrative since I wont be needing it for the now. I decided to buy a car, a Toyota camry(pencil light) with a view to giving it out to someone reliable to venture into these Taxi/cab business and get get in return on a daily or weekly basics. But i was advised by my aunt not to buy it because she felt it’s not lucrative and because its gonna be a daily or weekly pay, she felt the operator might misuse the car. She then advise me to buy a bus( direct Belgium) and find someone reliable to give it to as “balance and carry go”. The price tag of the bus which she told me was 1.450m, And I had to pay another 70k for side mirror, seat and tire replacement plus plate number. Then she looked for someone ( a friend of her husband) and handed it over to him and right there in our living room he agreed to pay 20k weekly and balanced 2.250m in 2 years and some months. Few days ago A friend of mine told me that I was being duped and that the man was supposed to pay x2 of the initial amount of the vehicle which is 3m.
Although he said he will be the one to fix it whenever the car has any issues

KaizenO:
Location:
Ikaja, Lagos
Contact:
olutadef@hotmail.co.uk

Description:
I need a driver for an LT28 Commercial bus in good condition. If interested, get in touch with me at olutadef@hotmail.co.uk

Anthos:
getting to lions building in ikoyi ...tell them you re looking for cooperative office for police ....they will ask for the following
the deceased account NUMBER before he/she died
the PFN number
death benefit... always photography all this documents... and note ...don't give the original to anybody ... I will tell you when to bring out the original copy

letter of identification from court
poster of the deceased
after all this you will be paid the cooperative...within two working days


next is gratuity and pension.,........will be back to complete it ...kinda busy
note once you have your necessary documents you will get all these money with some months not even up to a year

Blinkharm:
Welcome to this wonderful forum where we are going to discuss a business that is not new to Nigerians and the world at large.
This forum is setup to bring together like minds and transportation business enthusiasts who can partner with me to setup this wonderful transportation initiative which I believe is rare in Nigeria.
We all know Transportation business in Nigeria is a very lucrative business which no doubt is the most diversified. From history this business has been in existence from time immemorial and has shown that it will continue to exist so long as man moves from one place to the other
Let me start by giving you a little insight about my experience in transportation and haulage industry.
I have worked with an oil and gas servicing company (2006-2009) handling the position of a transport officer where we convey materials from base to the various company sites,(contracts which we oftentimes outsource to private haulage companies. Seeing the huge resources involved in this transport section aroused my passion for the business even though my dad owned a failed transport business back then.
After my contract job expiration I saved up and bought an isolated body 10-tons truck which I used to start a trucking business in 2009. Due to my inexperience in the hostile business environment of Nigeria and bad management decisions, the business folded up after 3 years but I will not fail to mention that I learnt a lot during this trying period and it added to my wealth of experience in this business.
I had to settle down and began a proper research on transportation business and luckily I also got employed in a federal government agency that is the custodian and regulator of transportation and safety (where I still work till date). This got me into different departments and sections that gave me another broader view of the industry as a whole and I have been fortunate to attend trainings in different countries and I must say it has been worthwhile.
Fast-forward to 2016, I have been in the industry for up to a decade and I understand the business to my finger tips both locally and internationally. I have written my business plan on a REVOLUTIONARY TRANSPORTATION BUSINESS MANAGEMENT. This business plan is based on almost a 5 years research.
I will not waste time to begin to analyze my plan here but on request from any interested partners.
This business plan takes particular interest on drivers and vehicle maintenance management which is the life line of any transportation business.
In view of the huge challenges associated with transportation business in Nigeria wherein a lot of investors have gotten their fingers burnt, it has become very imperative to seek alternative strategies to manage and guarantee return on investment in the transportation sector. This necessitated my introduction of the Intelligence Transport Management System (ITMS) in managing fleets after an intensive research. The ITMS, a cutting-edge technology operational module used for vehicle tracking, monitoring and transport business management. It will be focusing on the general public that needs transport services and for business that needs trucking service. Both groups will likely demand our services. The public will utilize the service because it is convenient and less expensive than the regular transportation services already existing and business owners will use us because it offers reliable trucking services you will not find anywhere else.

This business initiative will also be offering a lease drive service where a customer can lease a car from us and drive his or herself around town.
The business will easily gain market share by utilizing their competitive advantages which are based on a sophisticated, yet purposeful, incentive system for the drivers. The system incentivizes driver behavior to build new clients, turn one-time clients into long-term customers, positive feedback and develop a team atmosphere among the employees in the company

OBJECTIVE
For the first three years of operation include we shall be focusing on the following:
• To redefine and guarantee safety of vehicle, lower risk and good Return on Investment.
• To create a service-based company whose primary goal is to exceed customer's expectations.
• To increase the customer base by 20% per year.
• To develop a sustainable start-up business.
The intelligent Transport Management system (ITMS) solution is the core secret of this initiative which no transportation company in the country currently practices.
Services offered shall include but not limited to:
 Trucking and Haulage
 Coaster Bus shuttle Services
 Executive Cab Service
 Lease Drive Service and vehicle out sourcing
 Fleet Management.
THE BUSINESS PLAN
This business plan is divided into 2 sections
a. The Transportation Business Management section
b. The Vehicle Maintenance Management section
The business plan is structured to start up in different segments based on the available resources expected to cater for the following:
 Office space and furnishing
 Data base design and implementation
 Mobile apps development
 Computer work station
 Functional website with online booking
 Marketing campaign
 Project vehicle
 Take-off staff emoluments
FINANCIALS
This transport business management module is designed to manage not less than 5,000 fleets across Nigeria to generate revenue of over 100 million naira annually and essentially create thousands of jobs. Details are available.
I will welcome questions and contributions please.

olamilarks:
MAPLE INNERCITY TRANSPORTS LTD

Offer
Innercity shuttle services, bus financing and short distance haulage

v

Customers
Visitors and residents of small towns and gated communities in Lagos state including but not limited to Bariga, Ikorodu, Ketu, Ikeja, Magodo

v

FIVE YEAR TARGETS ^
Objective Increasing sales by 200%, getting 500k subscribes and takeover main competitor
Sales #8297855
Net Profit #5691410

^

Competitive Advantage
Novel approach to transport service delivery

^

Management Team
Olamilarks (Founder)
Interested! Pls contact me here: 09082711043

Alexious:
Hello Beautiful people,

I am Benedict and reside in Abuja, and over the past two years, I have been researching on an efficient transport system in Abuja. It is no news that Abuja has one of the worst transportation system in Nigeria and it is only necessary that such issue is addressed quickly. I see it as an opportunity for business minded people to invest in and reap the rewards of their investments.

In a nutshell, I seek genuine partners, investors and advisers. A well written business plan has been written to this effect and is available upon request.
Thanks so much. Am waiting.

kinzodigital:
Thanks for you educative thread.
Please can you educate me on this?
I lost my dad about 8 months ago.He retired from service about 16 years ago and had been paid his gratuity, and was receiving his pension before his death.
What entitlements is he due now after death for the next of kin to pursue, and what process would you advise to achieve it?

nairamaniac:
I went through every bit of ur thread.
The end made me cry and laff at the same time.
So sad and funny ending at the same time.

I have a thing for businesses and its management in general.

And its like u really had/have a passion for the bakery business.
Well even though its a closed chapter, u owe it to yourself to know why it failed, so such mistakes are not repeated in other aspects of your life which may transcend bakery business.

There would have been several reasons why it failed.

But let me start by saying you definitely got it wrong on expecting 40% profit from each bag(plus ingredients).

It would never have been possible even as at then.
The only way you would have arrived at that projection is if you neglected a lot of expenses.

In business, there are 2 types of expenditures;
A) fixed expenditure
B) Recurrent expenditure

I take it that all your total cost to buy a bag and convert it to finished product is in the recurrent expenditure.

I believe you neglected some major details, especially in the actual expenditure for the conversion. That's the only way 40% would have been successful.
And probably the reason you made such omitions was that you were incapable of inculcating those obmited details into one bag of bread.
Either that or you went into the business with a mindet of 40% based on what you heard from people.

Now I am sure you didn't include recurrent expenditures such as;
1) Salaries/labour
2) electricity( phcn)
3) Diesel for Generator
4) Gas/ firewood / Charcoal for the Oven
5) Cost of supplies to retailers (If you supply to Them)
6) Nylon (painted nylon)
7) Servicing of equipments( those machines, mixers, Miller's and even supply vans have an average servicing cost per month)

If all the above are put put into consideration, I tell you, the most you would have made as profit even as at them is 20%.

Now taking ur figures into consideration.
You were making around 1200 from a bag which cost 11,800(plus baking). It means you were making a percentage of approximately 10%.

But according to me, I say the most you could have made was 20%.
20% translates to making approximately 2,360 per bag.
And that is a maximum.

Fine, 10% may have been on a low side, but. believe me 15% is more than reasonable.

At 15% you should have been making somewhere around 1,770.
That is most likely what you in were making.
Meaning if your sister wasn't performing or eating into your profits.

Her error at 20% profit was 2,360 - 1,200 = 1, 160

Her error at 15% profit was 1,770 - 1,200 = 570

Do your analysis properly and you would realise the 15% one was more likely than 20%.

At your expected 40% profit, it means they (your sister and co) where in accounting for;
40% of 11,800 minus 1,200
= 4,720 - 1,200
= 3, 520
HABBA!!!

It never happened.
I have been involved in feasibility analysis of several businesses, including bread bakery.

However there are several other factors why you may have experienced such low turnout or losses.
Your ingredients were too expensive. Which made your quality too high for the price you were selling.

You didn't get your formula right.
Maybe you were using eggs, milk, which were not necessary for simple bread.

Another reason would have been that your people were buying other ingredients besides flour at a higher price than what it should have been.
Either they inflated those prices or they were cheated by the sellers of the materials.

If I may ask, how many bags were they selling on the average per day.
Not how many they were producing.

At times, people are misled by quantity produced per day.

Let me explain;
Your company may have been producing 5bags per day for 25 days in a month.

But they were selling 2bags per day for 30days.
Meaning at anytime (T) their would have been excessive backlog of bread on your shelf.

Meaning your production costs was multiple times more more than your actual sales/profit.

Another problem was using heavy equipments to do small work.
That is mechanical-disadvantage.
You say automatic-mixing machine and bought it.
Why?
Those things are for people that mix like 8bags and above.
Currently the big size cost around 4.5Million.
But why buy that when you are not
selling like 8bags a day and producing like 12bags a day.

You should have gone for the manual mixer which currently cost around half a million. Even though it would entail more labour/salary which is nothing compared to the light bill/diesel your auto mixer would consume.
We haven't talked about the size of generator the automixer would use. Which is at least a 20kva generator (diesel)
Over 2million naira.
Back then you spent around 1million for the gen.

In conclusion, u didn't get your business model right.
And there is no business you can't manage from anywhere in the world. You coulf have.been in uk and manage that business without any qualms, If you tidied your own end properly.

One of the biggest lessons I learnt from management is;

YOU ONLY KNOW YOU ARE A GOOD MANAGER, WHEN YOUR BUSINESS IS BEING WELL MANAGED WITHOUT YOU BEING THERE.

Have you asked yourself how dangote manages his multiple businesses, spread accross the world without his being there at the same time?
There are some of these businesses he doesn't even go to for years.

Madam, we have done enough for one day.
Hope this helps a bit.

Pardon my typos, if any.
I had no time to crosscheck.

Wishing you all the best.

Anthos:
getting to lions building in ikoyi ...tell them you re looking for cooperative office for police ....they will ask for the following
the deceased account NUMBER before he/she died
the PFN number
death benefit... always photography all this documents... and note ...don't give the original to anybody ... I will tell you when to bring out the original copy

letter of identification from court
poster of the deceased
after all this you will be paid the cooperative...within two working days


next is gratuity and pension.,........will be back to complete it ...kinda busy
note once you have your necessary documents you will get all these money with some months not even up to a year

Anthos:
the payment is as follows
insurance
cooperative
gratuity
pension

so


the first step to this is to get a death certificate from national population commission ...local government Don dey give am self after that ...
get your dads passport ...and full picture on police outfit...
after that head go to his pay unit to stop the payment of his salaries... cos government might still be crediting his account and someone is taking it
then
get his pfn no...that's the force no normally written on their cloth
get a poster of his burial to certify he is really dead
get the account number where they do pay him before his death
proceed to the command where your dad served last before his death
meet the admin in charge of insurance ...they will process the insurance for you within one week... you will paid your insurance... after that you will be referred to lions building at ikoyi lagos state to get the cooperative payment too with the letters and documents they will give you

indicate if you understood all I wrote up here before I will continue

Anthos:
the payment is as follows
insurance
cooperative
gratuity
pension

so


the first step to this is to get a death certificate from national population commission ...local government Don dey give am self after that ...
get your dads passport ...and full picture on police outfit...
after that head go to his pay unit to stop the payment of his salaries... cos government might still be crediting his account and someone is taking it
then
get his pfn no...that's the force no normally written on their cloth
get a poster of his burial to certify he is really dead
get the account number where they do pay him before his death
proceed to the command where your dad served last before his death
meet the admin in charge of insurance ...they will process the insurance for you within one week... you will paid your insurance... after that you will be referred to lions building at ikoyi lagos state to get the cooperative payment too with the letters and documents they will give you

indicate if you understood all I wrote up here before I will continue

Anthos:
I I will be back here to tell you how I did mine I lost my dad at the age of 19 I single handedly handled the pension ,gratuity and the police benefits
hope your mum was given a 21 gun salute during burial?

SalamRushdie:
The greatest killer of entrepreneurs in Nigeria is opening an office bigger than your current revenue and over hiring ..You will be back to your village in two years max

louken:
I did not propose to my wife before marrying her and we are very much enjoying our marriage now. We were dating and things were moving fine and I was becoming convinced that she is the woman for me; I casually told her that I would like to marry her. She probably didn't think I was serious. I bought some drinks and went straight to their house and declared my intention. Na there we fixed date o and preparations started. No time for proposal or engagement ring

Jamariwolf4:
3 minutes read.

So a female romancelander opened a thread this evening, and as usual, the brokers started shouting and calling her ashawo etcetera.

Well imma be honest with you: I collect money after sex, and that ain't ending anytime soon.

I AM NOT A OLOSHO OR PROSTITUTE.

I work for my money, but you must still pay me.

Take note and read carefully before you start insulting all the females (gone, alive, and yet to be born) in your family

Reasons why I'll always collect money after sex

1. Sex is difficult :
Oh yeah, it is! But you wouldn't know, would you? When you're just dicking down and going, you take 90% pleasure and me takes 10%.
In my sexually active years, I can count with one hand the number of sex I actually really enjoyed.
If fellow females won't be honest,
You can ask bobrisky and other faqqots who take dicks up their orifice, the receiver passes through pains!!

2. I'm a woman with needs:
I mean, I need to take a hot bath, change into something Hanes and eat good food, so pay up.

3. I'll get slut shamed anyway :
How many of y'all can swear on your life that you haven't bragged to your guys how you nailed that 'hoe'
Why not be a complete slut when I know I will still be tagged one, whether I collect cash or not?

4. Did you expect to leave like that?
So if i didn't ask, you'll just go?
Smh!!!!

5. It's the right thing to do:
Before you type that trash, remember your Bible or quran condemns Fornication. If you can't pay my bills, find some cheap young naive bitch.

6. It's a man's world:
Women have no say or opinion, right?
Well, in bed, we do!

7. I'd never fück a fuckboy ever :
I'll soon open a thread on how to identify fvckboys, but in details, they want to eat without giving anything in return. I can smell their stench from miles and I activate my ignore button, so I don't need to argue for money like a prostitute after sex.

Real men pay up without you asking,

whether you decide to go au naturel or sans naturel, pls pay your woman and treat her with respect.

Thanks.

achieversbizpro:
INTRODUCTION

In this era of car theft, kidnapping, battery theft etc. One needs to be forearmed.

I hereby introduce to you a GPS GSM/GPRS Automobile Tracking device where your vehicle is operated and monitored through sms on your mobile phone, and which will save you the worries of the safety or location of your cars, lorries, tractors, bikes, tricycles (Keke Napep) amongst other automobiles.

PRODUCT DESCRIPTION

This tracker is a new product based on the GSM / GPRS network and GPS satellite positioning system. It provides multiple functions, such as security, positioning, surveillance, emergency alarms and so on.

Features:

* GPS/GSM station positioning.
* SMS/GPRS/internet network data transfer.
* Point-to-point, point to group, group-to-group monitoring.
* Continuously auto track upon different time and distance intervals.
* Absolute street address with GSM network.
* SD card slot for data logging.
* Supports 9-36V, so it can be installed on Bus, taxi, truck, personal car, business car etc.
* Maximum 5 cell phone numbers are allowed to admin the tracker.
* SOS
* Geo-fence
* Movement alarm
* Over speed alarm
* Accident alarm
* Voice monitoring etc.
* Cuts off the oil and power system.

Our Goals:

* 1. Engine cut off with an SMS command: you can turn off your car from anywhere, even abroad with just a simple SMS command, and you must activate it before the vehicle will start up again.

2. Real time Tracking both online and offline: You can track your car offline with an SMS or offline on an application. This application comes embedded with highly advanced landmarks/Maps to give you a great deal of accuracy. You can track your car anywhere.

3. Geo Fencing: you can limit your car to a particular zone. Taking it out of that zone sends you an alert of trips it off.

4. Spy on the occupants of the vehicle with built in mic. You can listen in on their conversations from anywhere.

5. Low Battery/Battery disconnect alert. Your car alerts you whenever the battery is low or disconnected and sends you location.

6. Overspeed alert: you car notifies you whenever the set speed limit is exceeded. This is great for transport/Haulage companies that wish to check the speed of their drivers.

Item Includes:

* GPS tracker
* Microphone (1.5 meters)
* GSM antenna (3 meters)
* GPS antenna (3 meters)
* Relay (12V/40A to 24V/40A according to vehicles)
* Harness (10 Pin)
* User manual

Johnpea:
Just saw this now.... If its an assignment, thank me later �

amani63:
Who knows what it cost and is there any huge profit in it
Can I start with 1 bus and grow to 5000 buses

idris123:
I come to Nairaland to see similar what people say about Cross country.
Am just transferred to Ghana. Because of nature of their foods and cost, my wife sent me food stuff worth over 150,000 Naira and decided to sent it through this silly company called Cross Country after paying 19,500 Naira for courier. It was sent on 24 December 2017 morning and was scheduled to move in the evening and arrived next day 25 December. To cut it short, i received my item on 28 December; some stuffs spoiled.

I checked online and called number for complaint. The guy said i should come to Lagos to lodge my complain. There and then, i know Cross Country is a on-chance company. The owner must be a tout to have populated the company with irresponsible people.
Please, don't near them when it anything transportation or travelling.

joh2018:
Be your own Boss register your Business name, Limited company, church,club.......with Corporate Affairs Commission (CAC) of Nigeria with Accredited processionals.

Serious clients only.08080261582

Whatsapp number: 07034672434

We delivered your certificate at your doorstep!