₦airaland Forum

lavylilly:
Hotel business

At first i chopped money like there was no tommorrow, it a low budget hotel with sales of about 5k per night. Was banking in about 30k per day. It was like blood money for someone who has never made that much money from anything for like the first 6 months.

Mistake 1
About late last year, Nigeria happened and Buhari proved himself to why he was Buhari, inflation and purchasing power, i noticed people who still wanted to bring babes didnt have enough money left like that cos of food inflation etc. Most were now going for short time service which was 1500 naira for an hour. And as a man once you are done with what you want to do, your eye go clear till next time konjiii hooks you and you are back again.

So in essence i was cashing in more 1500 naira bookings instead of the 5,000 naira bookings resulting in less income per night

Mistake 2
When i was making crazy money per day, i too was forming big boy dashing people around money and acting like i had money, what people came to the hotel to do, me too i carried people to other expensive hotels to do.

Also i was repairing almost everything in the hotel customers will spoil, anything be painting the same wall over and over again

Meanwhile price of emulsion went from 4k to 12k minimum, i still would be doing renovations non stop

I even wanted to buy diesel generator at one point in time and give customers AC, Rooms that i know they wont still sleep in for less than 5k a night. Thank God i couldnt afford the diesel generator

Mistake 3- Ramadan period
Chai this period for like 2 months was hard ooo, its like everyone was holy and no one wanted to spoil thier fast, but once Ramadan ended, things went back to normal.

Conclusion
Save your money and put your money where your mouth is.

Now im still back but more clever now, I have stopped pointless renovations. And i have started saving my money,

Even now i have started lying to my staff that there is no money for renovations, lol the same people that remit 30k per day room bookings for me every day haha

Also im trying to do a palmwine lounge thing. I have noticed one thing its when people are drunk or tipsy thats when they start wanting to do the obvious.

Lead city university students too that always came to camp at the hotel and be doing party around the night looool

Chai

Funny and Educating. I have plans to build a hotel. I lost so much money between February and April this year. I am currently praying to God that the source of income that fetched the money should not block( at least till the end of the year).

If my prayer is answered, I should be able to save 40 Milion naira between now and end of the year.

If it works, I am seriously considering building a hotel of about 20 rooms, with lounge/bar. I prefer that to building a house.

What are your thoughts?

E don dey clear small small

Now, that's Presidential. That's a Leader.

Tinubu persuaded me to step down for Akpabio

Dey play

Ogaju

https://www.nairaland.com/7678490/neighbour-connecting-generator

I stumbled on the above thread and I was astonished by the number of likes generated by every comment that suggested the Neighbour's Appliances be burnt to ashes.

I don't support the Neighbour's action for gaining unauthorised access. However, I feel that penalty is too harsh. Do we have to pay evil with evil?

There are better ways of resolving such issue.

Why not just get a good Electrician to work on the connection in such a way that no one would gain unauthorised access.

Apart from this particular story, I constantly see a lot of Nigerians show that they are inhumane. Many of us want to constantly stay wicked.

People have done you bad is not an excuse to turn yourself to a Monster.

Let's be nice please and the world will be better place.

Wow

“Obi has been way too sanctimonious for someone who volunteered to venture into politics and run for the presidency.

“He did not win the elections, he came a distant third, and he has made a political capital of exploiting people’s vulnerabilities.”

What a Prentender and Divisive Bigot he is

They will come for his head now

Which wedding again?

Nitric:
Charcoal business is rubbish business, you people should not be giving investment advise about business you know nothing about.

I invested in that business and every single day I remember that investment I get angry for wasting so much money in a stupid business.

If you are sure of what you are saying provide a movable collateral worth 4 million let me give you a loan of 2 million so you can show us how you will perform the miracle of making profit of 500K every month from charcoal business!

Hmmmm

Yes Daddy, Thank you Daddy People

cc: puskin, dominique, naijacutee

Hello Nairalanders,

In what Good business can one invest N5,000,000 in Nigeria of today?

1. Business should be easy to set up
2. Business should be able to give about N500,000 profit monthly
3. Business should be Legal
4. I am willing to appreciate the individual with the business suggestion I consider as best for my need at this time. That's if the person is willing to accept it.

Thank you

Lmao

Omodua:
I think you're joking with Nigerian future. Cases like this exploded in other countries and virtually consumed the citizens. We should be careful the manner we handle this case to avoid cataclysmic effect.

God help us!

What future are you talking about?

especially now that we need all hands to create and sustain a New Nigeria.

What does this statement mean?

This Obi guy reeks of Pretence, Eye Service etc