PhilipReigns:

Business that brings daily money.

Example 1: food business. 10 million can make u an owner of a fancy fast food restaurant . People must eat everyday, they put in their stomach infrastructure first before clothes, shoes etc it's daily money. You will also be an employer of labour with everyone answering you 'yes sir' and your wife 'yes ma' if you want to make more profits then dedicate time for the business and deal directly with d financial aspect of the business, that way your sales girls won't rip you off. Whatever happens u must recover your capital within a year or two no matter d location. If you can site it in a student environment (I mean a town with university or college of education), then it's blood money for y

GRAMMARJAMES:
Good Morning Nairalanders..............

At times in Life, one need to reflect on some things that has happened. The ability for you to move on is what matters most.
This Brings us to the topic of Discussion,.
Which Business Did you regret starting because it ended up in a huge loss.

let me start,

I Purchased a Pup Caucasian Male and Female sometimes 2019, (N300,000). I had the intention of breeding them for reproduction., No matter how hard the male Cauc KNACK the female, she wont just take in., i took the female Cauc to another dog for KNACKING, still she did'nt take in., las las ehn, na inside pepper soup she ended.

The male Cauc is still here Gallant and serving as security.

Lets hear from you Guys, which business did you regret starting because it didn't yield much profit as anticipated.

kayone6237:
Buying Okada and given it out in hire purchase. I regret still regreting ever ventured into that business

Itzi8:
I was into Beans flour and plantain flour Productions respectively, but the aftermath of the EndSARS protest changed the whole narrative for me, particularly in affording the raw materials for production. Many credit sales,and nothing to show for it today, and now, I've closed down the process, what used to be the talk of the people.
A bag of beans Rose from 35k - 40k - 49k - 55k - 60k - 70k, and the price of a bunch of plantain Rose to 7k per bunch. I had to run for my dear life, cuz it was way beyond what I can manage to operate with, and the worse part is that the customers will never listen to you when there's increment, until then, they will tell you, if you don't want to sell, you should keep it now.

My products stood out amongst major companies within, cuz of it's unadulterated nature and zero preservatives, but it's no more today.

How I wish there's someone, who is willing to partner with me, or willing to tap into the business, with my knowledge, we can do a great job.

Smileychoco:



What is your location please.
I need to ask you somethings

abuuthmaan:


You can bring up a proposal, send it to 'uthmaanmuhammed@gmail.com'

nairamaniac:


Hi op. Why don't you use the male cauc as a stud to mate with other female dogs?

If the male cauc is even half-pure you can cross with other female caucs and make both money&puppies from the mating.

Pls do reply.
Thanx!

GRAMMARJAMES:


i sent you am email. please respond lets chat via whatsapp., im in Jos by the way

Icumsa45:
Onions distribution and other forms of food distribution. Nigerians are very distrustful people. I got my hands burnt, that's why nowadays I prefer to spend my money in club and enjoy it than let azaman chop me

chymdyx:


Pls can u expantiate a bit..what really happened sir?

GRAMMARJAMES:


i sent you am email. please respond lets chat via whatsapp., im in Jos by the way

Zico777:
I have read through the pages & commented where necessary. Time to summarize my very own sour experience.

We were operating our mini Shawarma spot,natural juice & a popular brand of yoghurt outlet with very promising patronages though not perfect.

Not until the property owner came & said he want to rebuild the place so we were asked to move out.

Rewind to a certain time that I was so hungry so I asked the boy assisting me in the shop where I could get good food around.

He got me the food & I was so impressed with the taste & all so I asked him where he bought it & he described.

So one day I went to buy food at the place myself. Mind u this is a place where I have been operating my business ,I also live not to far from there infact I have been to that compound b4 to patronise a cyber cafe not knowing anything like a food canteen existed.

So on getting there that day to buy food ,I was like madam how long have u been here,she was like over 2 years now. I just told here that how come I never noticed your presence here?

Fastward out of desperation I went to meet her after about 2 weeks that I wouldn't mind if I could get small space to operate my shawarma business.

Beloved,after spending 6 months there ,there was nothing to show for it as there was little or no patronage. The almost 200k spent for payment of space & also putting one or two things in place just got wasted.

Babe17:
sorry about your experience. Being with a food seller isn’t a great idea. How much is a plate of food and how much is a wrap of shawarma? How much is her bottle of soft drink and how much is your bottle of juice and yoghurt? It will be very easy for people to patronize her than you. You should have considered that. Most people buy shawarma out of convenience and others do because there’s no food around and it’s a better alternative.

HRHQueenPhil:
Guys,
I just found out the owner of heavy duty trucks that can carry your metric tonnes of goods is looking for money so if u want to hire trucks to any state in Nigeria and African countries, they will assist u for small money
I tried them and they were so prompt, kept giving me updates till they arrived and careful with my goods..I know my fellow biz pple esp agro commodities crave this kind of service..Holla at me , they are not paying me but I like to tell others good news when I hear..that's how I became a business woman..someone gave me idea too 08112658211

Hammyaladin:
which yr and time. Is it an Alt coin

KayCee92:



He said he invested in bitcoin and you are asking which alt. If he said crypto in general then this your question would be more appropriate.

Hammyaladin:
Loll! If it's btc he can't get that rekt!! Alt are the ones that deep low!!!!! Btc doesn't go that down.... Talk more of him getting rekt..

KayCee92:




From 64k plus to 29k. Omo, even btc don fuckup to in terms dip.

Hammyaladin:
and what price is it today?!!

Damn... God is hope followed by btc!!

einsteine:


Just negodu the businesses you are suggesting and you are the one who believes with 10 million, you will never be poor again? Such simplistic analysis.

Why should anyone leave the eatery they are already patronising for yours? How are you going to get premium space? Or you think landing a restaurant in any old place in a student environment would give you returns? And only foolish people go into business in order to get yes sir/yes ma.

It is also obvious you have not done transport business before. Or indeed any business (hence your idealistic analysis).

For all intending entrepreneurs, successful businesses are not based on how much money you have per se or business ideas you see on the internet. Successful businesses are based on exploiting GAPS in the market. A need or want in the market. A market that's not being served WELL ENOUGH. A loophole that existing businesses are not exploiting. A more efficient business process for certain things. A new product others don't have.

Not use 10 million and open a restaurant, hoping on vibes and Insha Allah in order to succeed.

Bifest:
Starting a pure water business and contacting a guy on nairaland that advertise borehole drilling ,after paying him ,it's a year now ,the borehole isn't bringing out water

praiseneo:
Barbing saloon

Infact I wan sell my furnitures and equipment send me email if your interested

Very cheap price

Hardheolar:
4

Hey bro, I just want to venture into this hire purchase in Abeokuta Ogun state. Most people day hire purchase is the best when it comes to okada, do you mind sharing why you regretted venturing into the business

alexnurreo:
welldone.. I live in Abeokuta too and I’m also considering this business. Please let me know how far you’ve gone with this

Magnumproperty:
You see frozen foods business naaaaa no go area oooooooo if u you don't have sufficient capital. Nepa wan kill me for like a week light no go dey. And I'm the only one selling in that area. I regretted doing that business with low capital. Infact many problem dey follow that business.

Hamzaay:
Delivery business. People over here no won pay for jobs ooo and the delivery thing is risky so I have to opt into my long time business freelancing and I am making noting less than $1k in a week for a bad days and $4k in other good weeks.

Hardheolar:


I dropped the idea. I don't want any stress for my life. Invested the money in crypto