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Share Your Worst Business Experience - Business (3) - Nairaland

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Share Your Worst Broke Moments Experiences In Life / I Am Starting My First Business With No Prior Business Experience / What Is Your Worst Business Investment And How Much Did You Lose? (2) (3) (4)

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Re: Share Your Worst Business Experience by obisage(m): 1:46pm On Aug 24, 2021
I am a photographer and doing very well. I went and took a laon of 2.5 million to buy large format printer (banner printing machine) I have nearly finished paying the loan, but I don't think I have made up to 200k from the machine. reason maybe my location or maybe because I'm new or because I may not have done enough adverts. I really don't know. The machine is just lying ideal, in fact I have not printed for the past 3 week.

I am even looking for a partner who can do either of the above:
1, buy the machine from me at a cheaper rate
2, pay on installment on a higher purchase
3, take the machine to another location where you are sure it will boom and be paying me weekly/monthly

if interested whatsapp me on 0.70.5 6.03. 1551

9 Likes 1 Share

Re: Share Your Worst Business Experience by Commanderinpips: 1:47pm On Aug 24, 2021
Chriswazo:
Mine is simply, investing in crypto, I lost 2.5 mil doing so..

Probably you did not seek for adequate information on it before you embark on it

1 Like

Re: Share Your Worst Business Experience by CEOwatazs: 1:47pm On Aug 24, 2021
Dimejimichael:
A female friend of mine introduce a business to me ,it is all about importing from China , I gave her money to tutor me on how to place order and how my goods will be shipped to Nigeria..

She gave me a site where I will pick any items I like to import and I will send her the link so that she can collate everything and send to d the agent she do use in china

To cut my story short , I spend over 48k on the goods and another 52k to clear the goods .

On getting to arena in oshodi to make payment and to obtain the items been shipped to Nigeria, I received the shock of my life , I only received 9 items out of possible 19 items I ordered for, all the items I received are substandard..

Till today the rest r no where to be found .

Wasted over 100k and ended up with nothing to show for .

So sorry about that.... Please are you still into the importation business, do you still copy and send her the link to make orders for you? If yes just drop a reply will give you a better alternative where you can place your order directly from them free of charge. Thanks

2 Likes

Re: Share Your Worst Business Experience by BabaIbo: 1:48pm On Aug 24, 2021
Few years ago, during my NYSC days, I was involved in a business with a foreign clients(one of the UK Pharmaceutical industries) with a Nigerian man acting as middleman.
The amount involved was large and the quantity needed was over 30 tonnes.

After spending my money running around to get info on where and how to source the needed materials and logistics(find out how to move it to Lagos), the Nigerian guy played oversmart(greed) by cutting/shutting me off and getting the material himself i.e he wants to act as middle man and the supplier(me) at the same time, just to have the profit(over 5m naira) to himself.

Sensing that something fishy has happened, I kukuma spoiled everything by alerting the white men on his actions and giving them vital details on the sourcing.

Although he was sacked and the white men sourced the material themselves, but the pain that we could have shared the money if actually that is what he wants made me feel hurt.

40 Likes 2 Shares

Re: Share Your Worst Business Experience by Tokskob2008: 1:49pm On Aug 24, 2021
AlhajiBitcoin:


When the mechanic knows you are a new car owner, that's how it ends with an old car.

My first Honda did the same even after changing engine. I sold it to my mechanic yet he drove it for many years and resold it.

Are you surprised ??
Not at all cos I also sold mine to a mechanic too and I believe he still uses it till now sef. But I was relived I let go of it then sha cos it would have killed me.

7 Likes 1 Share

Re: Share Your Worst Business Experience by Nicargo: 1:55pm On Aug 24, 2021
It is well.....


mhizmeme:
chin chin and peanut business. I was the producer and the customer
Re: Share Your Worst Business Experience by Nicargo: 1:59pm On Aug 24, 2021
Oh no, this is really funny here, but it's well....

gbengaoyeladun:
I don't like to remember the incident... I venture into farming business that was introduce to me by a friend ...I bought snails of about#200k and the next morning I don't see anything again..they all walk away

1 Like

Re: Share Your Worst Business Experience by Bighead95(m): 2:00pm On Aug 24, 2021
My viewing center biz.....

The environment was full of youngs guys within the estate .... There was a field at the line of my shop as well....


I never knew those guys are all yahoo boys they don't like soccer they just like hanging around withing the estate ....

The people living in the area chai I no just understand..

During star match expecially chelsea I see 1200 or 1500

During top team vs small team I see 600 sometimes 500,700,300

I only show arsenal match just for my self because na only me go watch am ...

I subscribed 9800 every month
I buy fuel most times the electricity Is bad
I will at least buy rechargecard and other misseleniuos for myself ...

Later I realised this biz is not for me after so many endurance ....

28 Likes 1 Share

Re: Share Your Worst Business Experience by Nobody: 2:02pm On Aug 24, 2021
Tokskob2008:

Not at all cos I also sold mine to a mechanic too and I believe he still uses it till now sef. But I was relived I let go of it then sha cos it would have killed me.

grin

Thank you for understanding the secret.

Mechanics are criminals. I have lost an American used car too like that. I was the first user of the car.

So I now diagnose my car issues before choosing who to fix it for me.

17 Likes

Re: Share Your Worst Business Experience by JESUSisKING1: 2:02pm On Aug 24, 2021
I can remember vividly in the year, 2004 when I used the first money that I hustle after graduation to a stupid GNLD that a Rev. Introduced me into.
I wasted 25k then on that stupid business. Not only that, I trekked all the nooks and cranies Benin City hawking medicine
After this business debacle, it remain small may I use Stone Stone any body preaching all these food supplements stuff.
After enough hungry wire me for that City, na so I take run run back to my state and later got a contract job at the bank that marked the turning point in my life

28 Likes 1 Share

Re: Share Your Worst Business Experience by Awise09(m): 2:02pm On Aug 24, 2021
Chriswazo:
Mine is simply, investing in crypto, I lost 2.5 mil doing so..
how now just holding is a big biz

1 Like

Re: Share Your Worst Business Experience by smeag0l(m): 2:04pm On Aug 24, 2021
Mine is a road construction contract with nddc in 2016. Till today they're still owing half of my money and inflation has eroded the profit.

9 Likes

Re: Share Your Worst Business Experience by NamelessOGBENI(m): 2:07pm On Aug 24, 2021
DoggoneDogg:
For the whole Naija, Yahoo boys & runz girls wey smart no reach 10.
Re: Share Your Worst Business Experience by Veryfoolishboy: 2:14pm On Aug 24, 2021
mhizmeme:
chin chin and peanut business. I was the producer and the customer

Hahahhahah
Re: Share Your Worst Business Experience by TechNana(f): 2:16pm On Aug 24, 2021
post=105130287:
THE HOME TRUTH!
If the truth wanna kill some people, let them die.... NOW!!!



You nailed this so much I feel I could like this over a hundred times...

Thank you for this response...

6 Likes 3 Shares

Re: Share Your Worst Business Experience by Nobody: 2:22pm On Aug 24, 2021
smeag0l:
Mine is a road construction contract with nddc in 2016. Till today they're still owing half of my money and inflation has eroded the profit.

Similar thing happened to me but mine was with a state government. I’m still owed till today. Lesson Learned.

2 Likes

Re: Share Your Worst Business Experience by Uwaomaokey(m): 2:23pm On Aug 24, 2021
gbengaoyeladun:
I don't like to remember the incident... I venture into farming business that was introduce to me by a friend ...I bought snails of about#200k and the next morning I don't see anything again..they all walk away

I can't help but to laugh. grin
Re: Share Your Worst Business Experience by Vinnie2000(m): 2:23pm On Aug 24, 2021
JESUSisKING1:
I can remember vividly in the year, 2004 when I used the first money that I hustle after graduation to a stupid GNLD that a Rev. Introduced me into.
I wasted 25k then on that stupid business. Not only that, I trekked all the nooks and cranies Benin City hawking medicine
After this business debacle, it remain small may I use Stone Stone any body preaching all these food supplements stuff.
After enough hungry wire me for that City, na so I take run run back to my state and later got a contract job at the bank that marked the turning point in my life


Anything Networking/ selling of Products, I avoid it!!

A Family member disturbs me Everytime with LongRich!
But I always Dodge her!
Those businesses are Energy and Time-Consuming! undecided

8 Likes

Re: Share Your Worst Business Experience by Dimejimichael(m): 2:27pm On Aug 24, 2021
CEOwatazs:


So sorry about that.... Please are you still into the importation business, do you still copy and send her the link to make orders for you? If yes just drop a reply will give you a better alternative where you can place your order directly from them free of charge. Thanks


I don quite since oooh , now I don face farming squarely

2 Likes 1 Share

Re: Share Your Worst Business Experience by Veryfoolishboy: 2:30pm On Aug 24, 2021
BabaIbo:
Few years ago, during my NYSC days, I was involved in a business with a foreign clients(one of the UK Pharmaceutical industries) with a Nigerian man acting as middleman.
The amount involved was large and the quantity needed was over 30 tonnes.

After spending my money running around to get info on where and how to source the needed materials and logistics(find out how to move it to Lagos), the Nigerian guy played oversmart(greed) by cutting/shutting me off and getting the material himself i.e he wants to act as middle man and the supplier(me) at the same time, just to have the profit(over 5m naira) to himself.

Sensing that something fishy has happened, I kukuma spoiled everything by alerting the white men on his actions and giving them vital details on the sourcing.

Although he was sacked and the white men sourced the material themselves, but the pain that we could have shared the money if actually that is what he wants made me feel hurt.
you did well

6 Likes

Re: Share Your Worst Business Experience by Veryfoolishboy: 2:31pm On Aug 24, 2021
Tokskob2008:

Not at all cos I also sold mine to a mechanic too and I believe he still uses it till now sef. But I was relived I let go of it then sha cos it would have killed me.
lol sorry
Re: Share Your Worst Business Experience by Nobody: 2:31pm On Aug 24, 2021
mhizmeme:
chin chin and peanut business. I was the producer and the customer

lmao
Re: Share Your Worst Business Experience by mastermaestro(m): 2:32pm On Aug 24, 2021
MrHealth:
This picture below mirrors the life of majority of people. THEY LIVE ON DRUGS DAILY.

How long will you keep SWALLOWING DRUGS
How long will you keep SWALLOWING PILLS
HOW long will you keep SWALLOWING MEDICINE

Your body is not made of Drugs
Your body is not made of Medicine
Your body is made up of CELLS

ONLY CELLS CAN REPAIR CELLS

Oga stop pushing lies with false pictorial representation! angry angry

5 Likes

Re: Share Your Worst Business Experience by Meteng: 2:33pm On Aug 24, 2021
mhizmeme:
chin chin and peanut business. I was the producer and the customer
cheesy
Re: Share Your Worst Business Experience by Nobody: 2:34pm On Aug 24, 2021
mhizmeme:
chin chin and peanut business. I was the producer and the customer
lol. grin
Re: Share Your Worst Business Experience by WowSweetGuy(m): 2:37pm On Aug 24, 2021
Business deal with a Brazilian. Chop my 6k usd because he was jailed. No way to get my Cash back
Re: Share Your Worst Business Experience by Nobody: 2:38pm On Aug 24, 2021
gbengaoyeladun:
I don't like to remember the incident... I venture into farming business that was introduce to me by a friend ...I bought snails of about#200k and the next morning I don't see anything again..they all walk away
I just weak on your behalf.
I hope you've recovered and moved on with life.
Re: Share Your Worst Business Experience by Veryfoolishboy: 2:38pm On Aug 24, 2021
I don't like to sound tribalistic but I will still convey my message.

I ventured into catfish business.
After raising money to feed the fishes for months, hausa people came in the Early morning and packed my fishes.

I sold the remaining few we could find in the pond. Such is life

11 Likes 2 Shares

Re: Share Your Worst Business Experience by omobaba1759: 2:39pm On Aug 24, 2021
Sorry about that sir . Please sir i don't talk more about the diaper business . Is there anyway i can reach you privately sir ?

I will appreciate if you write me back


BrBox:
I used to run a diapers business.
The business was moving fine until I broke up with my girlfriend, last year.
Shit really messed up with my head, to the extent that I lost interest in everything.

I closed down the business last month.
Re: Share Your Worst Business Experience by Nobody: 2:41pm On Aug 24, 2021
AlhajiBitcoin:


When the mechanic knows you are a new car owner, that's how it ends with an old car.

My first Honda did the same even after changing engine. I sold it to my mechanic yet he drove it for many years and resold it.

Are you surprised ??
hmmmn. This is very instructive.
Re: Share Your Worst Business Experience by SirWhiteFish: 2:41pm On Aug 24, 2021
cry cry
Re: Share Your Worst Business Experience by hosemujica: 2:47pm On Aug 24, 2021
dammywapes:
I venture into football viewing center
First challenge no viewers i paid dstv for 7 months with my money was collective package 18k plus per month
Natural challenges rain enter tv as ineva buy nylon cover my planks tv no on for sm hours later e on
Landlord issues say ah go dey bring thieves for area
Town planning bring quick notice say d land i use kna for house say ah dey use ham for business
Gen knock
My clearance money dstv chop omo e long o make ino dey count ham
Town planning kwa, what state and area is this?

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