E b like say your problem they sweet you. you think it's God trying to prepare you for something great. You just dey suffer yourself, no go change your Parol.

It's well, don't give up.

Most people look at business as Eldorado. But to do business, you needs to learn the act of doing it, have a mentor, follow their steps so that you don't experience the same failures when they are learning. Start small but think BIG.

Onahi95:

Thanks bro

Guy! No dey lie give yourself!

All those failures, only you? Shey you for never kpeme by now? No dey whine yourself for attention!

At least, if you wan create thread, give credit to those whom those experiences belong to, instead of passing them off as yours!

Onahi95:
** Fifth Experience**

By now I was legit scared of business that I had to abandon it and seek for admission into the university. If at that I didn't stop trying

I was home for a break in school so I looked for something to do to earn money for the main time. A friend of my mom was selling bar soaps then and according to my mom she was swimming in money though she didn't look it o. I met her and she told me how she was making millions by taking the soaps to other States to sell, she advised I went to pH since they had high purchasing power.
I used to hustle street trading in pH so I was familiar with the environs which was an advantage or so I thought. I did my calculations and was in high spirits as I was going to hammer this time.
I borrowed 100k from my dad, bought about cartoons of bar soap and set off to pH on a faithful Wednesday because I targeted oil mill Thursday market . I first dropped at obigbo junction and set my cartons of soap by a corner that the owner was absent and started screaming on top of my voice soliciting for customers...buy your original soap here, only 100 100 naira, e don dey finish oooo, eleme dey look bayelsa dey buy oo, after today no more ooo....I kept shouting....
I got some occasional glances by passerby's as they proceeded to their destinations, one hour turned to two hours yet no one has asked me whether na sample I sample abi na sell I dey sell. I got exhausted from my fruitless shouting and sat down, I realized it was getting dark so I called the number of the person I would pass the night in her place at mile 1....ghen ghen number no dey no reachable .... I shaa packaged my cartoons of soap and set off to mile 1, after all I came for oil mill so I'm sure I would sell all the next day.
Getting to mile 1 around past 8, every where was dark and deserted. I was scared so I had to proceed to mile 3 that was livelier. I packed my goods in one park and started looking for a place to pass the night, I went to a police station but they were questioning me like a criminal even after narrating my ordeal to them. I left and went the a church and the security turned me back that they only allow people to sleep in the church during vigils. I ended up sleeping in an uncompleted building in the state university.
The following morning I set off to oil mill market, I remember when I dropped a barrow pusher came to carry the goods to a place I would keep them but since I was running low on cash I asked him to help me place it on my head....haa oga this thing heavy o e go break your neck o, just give me 3h make I carry am for you.....he exclaimed, don't worry I'm fine I replied.
Five minutes later I was sweating like a Christmas goat with my neck now at 180 degrees, it was remaining just two poles to my destination when I gave up and dropped the bag. I called another barrow pusher and he quoted 250 naira.....chai see penny wise pound foolish, I barely had any strength left to haggle price so I agreed.
I found a corner outside the market and set my cartons of soap, I took one carton and went inside the market screaming on top of my voice as usual, three hours later and I had just sold only 5 bars of soap to make matters worst it started raining and my cartons of soap was in the open.
I ran like a mentally deranged man to where I kept my wares trying to save it from the rain, while I tried to carry the cartons to a shed some gave way throwing some of the soaps on the road with tricycles running over them. A barrow pusher came to my rescue and helped me save the rest.
After the rain subsided I went back into the market and started selling the soap at a 50% loss yet I was unable to finish one carton, while I was struggling to sell my kaya those agberos came with their wahalla and collected #300 from me, I went to a different section of the market to try my luck and 4 different agberos surrounded me with different tickets each not less than #200 . Oga abeg I never sell anything I tried to explain to them, come on give me my money joor one of them roared.
By now I was close to tears as they made away with my goods, heiya its unfair o, you people should pity this poor boy naa, see he's even crying, some market women pleaded on my behalf. They finally collected #500 from me.
I managed to sell two cartons just enough to get my transport back home and set off to the park. I was looking very dirty and unkept, at the park I bumped into a girl I was wooing when I was in ph, she kept staring at me probably trying to deduce if I was actually the person she was seeing. I kept a straight face and went to sit at the back of the bus away from other passengers glare.
At home I took the remaining goods to the woman I bought it from and sold it to her at over 60% loss and gave my dad the balance, though he complained but I carest not.

Even though I'm beginning to feel that business is not for me. I still want to try more.
I'm still broke and I've got more ideas though no capital but something keeps telling me I will get a breakthrough I business one day. I will still come back to testify here.

Feel free to share your own experiences doing business both the positive and negative ones.
Mods please push to front page so we can get wider views and contributions.

Though what you wrote here is pathetic makes me wanna cry but there is something about you I like which is the desire to make it. You got zeal and the readiness to do any legal thing to make it in life without shame .
I have had numerous experience and lost so much but I still so much believe in business than any job especially this period of inflation. Business men can easily adjust their price of goods to meet up with the current trend whereas salary earners are helpless.

You don't go into business without market research. You must carry out research about the business. You don't and buy goods and begin to look for buyers. You don't assume customers needs and begin to make products/services, rather you research their needs and how to meet up with that needs better off that those who are already there. That nylon business would have been a good business but you started it in the wrong way. I had egg depo in PH and before I started, I had customers calling me daily demanding for eggs because , I printed complimentary cards and went for marketing for many days . And I also went to mile one and got different contacts of where to buy the eggs, price, different size. Practically I did everything, went to different local gov't . So immediately I started receiving calls for eggs , I had to call my supplier from Ibadan and I had others in different local gov't in PH.
But I dashed off the business that was the reason it crashed. Don't go into any business without researching or analysing the possible risks associated with it.
I also run oil business , I would leave PH to Akwa Ibom villages to buy and later follow those water melon truck to Kano to sell it off. I could spend 4 days on the road without bathing or changing my clothes.

In addition to research, look for someone that has similar zeal like yours . Someone who's interested in the same business, whose passion can trigger yours or help you take giant steps. Form a partnership! In Nigeria everyone wants to be CEO overnight. People just want to do things in their own way. A sustainable business or a business that will last for a long period of time requires different effort of partnership. It could be material, energy, idea skill or financial partnership. But people that want to be CEO overnight cannot ask for partnership.
White men have conglomerates businesses running across Africa today for many years because of huge partnership. There is a film called "Job" .

But if you think about the losses you made so far and back off you will never make it in business. Ask yourself why have you failed ? And what can you do better. Otedola lost so much in oil industry and so many others . If I have a young man like you who will not be willing to back off , I would build empire


I sell and distribute andriod DotPay POS nationwide at 30k. You can reach me on 0.8.0.9.3.7.6.5.7.9.5

Onahi95:
** Fifth Experience**

By now I was legit scared of business that I had to abandon it and seek for admission into the university. If at that I didn't stop trying

I was home for a break in school so I looked for something to do to earn money for the main time. A friend of my mom was selling bar soaps then and according to my mom she was swimming in money though she didn't look it o. I met her and she told me how she was making millions by taking the soaps to other States to sell, she advised I went to pH since they had high purchasing power.
I used to hustle street trading in pH so I was familiar with the environs which was an advantage or so I thought. I did my calculations and was in high spirits as I was going to hammer this time.
I borrowed 100k from my dad, bought about cartoons of bar soap and set off to pH on a faithful Wednesday because I targeted oil mill Thursday market . I first dropped at obigbo junction and set my cartons of soap by a corner that the owner was absent and started screaming on top of my voice soliciting for customers...buy your original soap here, only 100 100 naira, e don dey finish oooo, eleme dey look bayelsa dey buy oo, after today no more ooo....I kept shouting....
I got some occasional glances by passerby's as they proceeded to their destinations, one hour turned to two hours yet no one has asked me whether na sample I sample abi na sell I dey sell. I got exhausted from my fruitless shouting and sat down, I realized it was getting dark so I called the number of the person I would pass the night in her place at mile 1....ghen ghen number no dey no reachable .... I shaa packaged my cartoons of soap and set off to mile 1, after all I came for oil mill so I'm sure I would sell all the next day.
Getting to mile 1 around past 8, every where was dark and deserted. I was scared so I had to proceed to mile 3 that was livelier. I packed my goods in one park and started looking for a place to pass the night, I went to a police station but they were questioning me like a criminal even after narrating my ordeal to them. I left and went the a church and the security turned me back that they only allow people to sleep in the church during vigils. I ended up sleeping in an uncompleted building in the state university.
The following morning I set off to oil mill market, I remember when I dropped a barrow pusher came to carry the goods to a place I would keep them but since I was running low on cash I asked him to help me place it on my head....haa oga this thing heavy o e go break your neck o, just give me 3h make I carry am for you.....he exclaimed, don't worry I'm fine I replied.
Five minutes later I was sweating like a Christmas goat with my neck now at 180 degrees, it was remaining just two poles to my destination when I gave up and dropped the bag. I called another barrow pusher and he quoted 250 naira.....chai see penny wise pound foolish, I barely had any strength left to haggle price so I agreed.
I found a corner outside the market and set my cartons of soap, I took one carton and went inside the market screaming on top of my voice as usual, three hours later and I had just sold only 5 bars of soap to make matters worst it started raining and my cartons of soap was in the open.
I ran like a mentally deranged man to where I kept my wares trying to save it from the rain, while I tried to carry the cartons to a shed some gave way throwing some of the soaps on the road with tricycles running over them. A barrow pusher came to my rescue and helped me save the rest.
After the rain subsided I went back into the market and started selling the soap at a 50% loss yet I was unable to finish one carton, while I was struggling to sell my kaya those agberos came with their wahalla and collected #300 from me, I went to a different section of the market to try my luck and 4 different agberos surrounded me with different tickets each not less than #200 . Oga abeg I never sell anything I tried to explain to them, come on give me my money joor one of them roared.
By now I was close to tears as they made away with my goods, heiya its unfair o, you people should pity this poor boy naa, see he's even crying, some market women pleaded on my behalf. They finally collected #500 from me.
I managed to sell two cartons just enough to get my transport back home and set off to the park. I was looking very dirty and unkept, at the park I bumped into a girl I was wooing when I was in ph, she kept staring at me probably trying to deduce if I was actually the person she was seeing. I kept a straight face and went to sit at the back of the bus away from other passengers glare.
At home I took the remaining goods to the woman I bought it from and sold it to her at over 60% loss and gave my dad the balance, though he complained but I carest not.

Even though I'm beginning to feel that business is not for me. I still want to try more.
I'm still broke and I've got more ideas though no capital but something keeps telling me I will get a breakthrough I business one day. I will still come back to testify here.

Feel free to share your own experiences doing business both the positive and negative ones.
Mods please push to front page so we can get wider views and contributions.

I feel like crying, u have passed through alot bro but pls don't see ursef as Failure. I see the Billionaire in you.

Hmmmm, I hardly comment on write ups, but this one really got my attention.

Dear writer, just know you are not alone, I'm also into business, and the present business I'm into at the moment is my 8th business, but glory to God, everything is under control.

From my experience so far, the mistake we make as young people going into business is to actually know if there is demand for the business you intend going into.

I started my present business using other people's money because I realized there was demand for it.

Should in any case you think of going into any business, be sure there is demand for that business.

You have really tried, I pray God will replenish your strength and open your eyes to that thing you need to do to make it in life.

Please stay strong n don't give up.

In our current Nigeria it seems it is those who render service ( plumber, bricklayer, electrician etc) that are cashing out, because most people have gone the school way so most of us are struggling for the few available ones. Has for trade the spending power of Nigerians is abysmal so it can be fustrating for an entrepreneur.
What ever you do learn a skill. So many to the world wide Web.
Better luck

I concur with OP regarding the cultist Mami water and late Amina at Rumuola. Mami water as the name personifies is trouble but I believe one day nemesis will catch up with him. Late Amina was good to some and still evil to some other, but he still died. The day Amina died there was chaos. If man die e don die nothing go bring am back. In all, the ways of a cultist doesn't end well. And for those that are thinking about joining, I feel sorry for your soul and the ones you leave behind. This world is cold. OP never give up, all this are signs you will be stinkingly rich. Don't just give up, you chose the right path.

Omo

Guy no dey do careless hustle or hustle for the sake of it. You'll only earn daily bread and no real savings to upscale.
Carefully observe your area as you go on with your schooling... Just pay attention to ready market!

Don't always carry goods and then begin to look for customers rather try identify ready customers looking for something that is in less supply and key in.

Few years ago I went to see a friend for a particular business when I saw how the market people were chasing this van carrying fish, even the owner could not control them. Damn! I made my findings and the rest is history.

I've started a few other hustles based on this idea and it's been good. Don't have any preference, just let the demand influence your decision.

Now, what do you think people are really looking for and you can start with as low as 100k in your location? Don't answer me. Answer yourself and work towards that. If you don't have any yet, keep observing.
Cheers.

tensazangetsu20:

2012 was even good. Things went irredemably bad from 2016.

Don't mind the person you quoted.
Businesses started collapsing when the cattle herder introduced his archaic foreign exchange policy from even late 2015 when he came into power.
The fact is I doubt there are actually 1% of businesses in Nigeria really making genuine profit.
Others are making it through fraudulent means or artificially sustained by bank loans they can't pay back.

I am into the service industry and each time I start succeeding, depression will set in. I must overcome this. @OP , keep trying, your miracle is on the way.

Onahi95:
Most Nigerians are of the opinion that Business is the answer to the ever raising number of unemployed youths. What most doesnt know is that business too has its own challenges and not for the faint hearted. I would be sharing some of my experiences trying to do business.

**First Experience**
Growing up I've always been a lover of business, I remember after my secondary education I was given two options of university education or business. I choose business without batting an eyelid. I think it was during the early days of Goodluck's tenure when ports were closed so most importations where from Cotonou Port and the goods smuggled into Nigeria.

I gathered small capital with the help of relatives and would go to Cotonou to get male jeans and resale in wholesale to my customers in Nigeria, I went on a trip at least once a week which gives me an average of 30k to 40k profit per week because my capital wasn't much. I started with 200k and within a little over a year I was counting in millions before my legendary village people gave me a call.

My logistics agent put my goods in a vehicle transporting second hand tyres, which was intercepted at Benin and everything got impounded. After spending so much for the release of the goods it was released several months later only for us to meet goods not up to 10% of what was originally seized. It was devastating and I came crashing down to square one. All attempts to gather another capital proved abortive.

You went into biz without factoring risk minimization.

2. You were doing legal biz using illegal means

COdeGenesis:
op is a story writer. These stuffs are fictional.

Exactly.
How could he start by having millions from his first business and they all vanished simply by having to pay to release his seized goods.
It's fiction taken too far,though there are indeed serious challenges with business in Nigeria.

Doing business is not easy.

I started selling pure water one scarcity period amidst Jos crisis when I was about 9 or so.

It's over 16 years now and I've always engaged in one biz or the other. It's never been easy.

olamoses75:
Me that begged my mom to help me borrow 200k from Grooming ,to support my phone accessories business, back in 2012. I failed woefully, mom was actually the one that paid those people back. How I failed is a very long epistle. But I'm still in that field hoping to succeed one day. We, entrepreneurs should learn from the like of Jack Ma, Elon Musk and the rest. Rome wasn't built in a day. The more you failed, the more your experience. I don't want to believe that there's a set of people that can't do business.

Na the problem with una be that. Una go dey compare unaself with people who had solid backgrounds. Elon Musk's family owned mines. His mother was a celebrity.

I suggest, you change location and sell food stuffs in bags. You can start with half bags.

Kobicove:


Bad debts is the main hurdle that a new business faces in Nigeria cos Nigerians generally do not like paying up debts

Hi ,
Pls mention me on a dead thread.
Cheers

Omoh na man you be o...

Building physical businesses in Nigeria no longer hold water, not in this economy. Only existing companies will withstand what has come and is coming for Nigeria. The advice I would give most graduates is to learn a skill that is indispensable and build experience. Check out these western countries seriously looking for skilled trade workers. Even jobs with good pay, if it doesn't come with indispensable skill and experience, you shouldn't feel secure. I am talking deep knowledge and skills in IT (cannot be overemphasized), repairs, International languages, beauty, photography, technical writing, culinary, farming other tangible skills.

Good luck to you OP.

OP, I commend your effort in trying. Don't worry, you will breakthrough soon. Good luck.

For, capital is my major setback here otherwise, I would have be doing better than now. It is well by the grace of God.

I am very sorry but i must confess, your story was a touching but funny one too. Maybe because i own a business and i know wetin my eyes dey see with the daylight robber that i call sales boy that was working with me.

I run a video game center and i do make between 3-6k daily after expenses while i was running it myself, but as man can not survice on such low income, i got a sales boy to help oversee it. the highest amount he has ever remitted was 1200, most of the time, i get between 600 and 1k.

i sent the idiot away when i saw a daily contribution book of 500 he use to make where he hide it... i went ahead to get a new person, this new idiot nah bet9ja addict... nah all my money e dey take carry Man-U... nah so so tickets they full his pocket.

we are our own problem in this country

Foremost,
I praise your determination to succeed in business,
One day you go breakthrough.
There's need to pen this down, you know business is not only buying and selling, there are order aspects of business you can venture into

You seem to be a good writer,
You can be a content writer

You can own your own digital marketing company...your internet enabled phone, Facebook and Instagram is enough space for u

Many companies seek those who can advertise for them or sell for them on the internet.

You can have a YouTube channel called BusinessEx (which stands forBusiness Experience)

You can share your experience there, get many others to share theirs there.
Your subscribers will be begin to grow as they look forward to getting motivated by the stories others share there
Before you know it, YouTube will be begin to pay you to advertise on your channel

Don't give up sir
Look up to God Almighty
Better times are ahead

You shall be celebrated

Onahi95
post=108006698:
** Fifth Experience**

By now I was legit scared of business that I had to abandon it and seek for admission into the university. If at that I didn't stop trying

I was home for a break in school so I looked for something to do to earn money for the main time. A friend of my mom was selling bar soaps then and according to my mom she was swimming in money though she didn't look it o. I met her and she told me how she was making millions by taking the soaps to other States to sell, she advised I went to pH since they had high purchasing power.
I used to hustle street trading in pH so I was familiar with the environs which was an advantage or so I thought. I did my calculations and was in high spirits as I was going to hammer this time.
I borrowed 100k from my dad, bought about cartoons of bar soap and set off to pH on a faithful Wednesday because I targeted oil mill Thursday market . I first dropped at obigbo junction and set my cartons of soap by a corner that the owner was absent and started screaming on top of my voice soliciting for customers...buy your original soap here, only 100 100 naira, e don dey finish oooo, eleme dey look bayelsa dey buy oo, after today no more ooo....I kept shouting....
I got some occasional glances by passerby's as they proceeded to their destinations, one hour turned to two hours yet no one has asked me whether na sample I sample abi na sell I dey sell. I got exhausted from my fruitless shouting and sat down, I realized it was getting dark so I called the number of the person I would pass the night in her place at mile 1....ghen ghen number no dey no reachable .... I shaa packaged my cartoons of soap and set off to mile 1, after all I came for oil mill so I'm sure I would sell all the next day.
Getting to mile 1 around past 8, every where was dark and deserted. I was scared so I had to proceed to mile 3 that was livelier. I packed my goods in one park and started looking for a place to pass the night, I went to a police station but they were questioning me like a criminal even after narrating my ordeal to them. I left and went the a church and the security turned me back that they only allow people to sleep in the church during vigils. I ended up sleeping in an uncompleted building in the state university.
The following morning I set off to oil mill market, I remember when I dropped a barrow pusher came to carry the goods to a place I would keep them but since I was running low on cash I asked him to help me place it on my head....haa oga this thing heavy o e go break your neck o, just give me 3h make I carry am for you.....he exclaimed, don't worry I'm fine I replied.
Five minutes later I was sweating like a Christmas goat with my neck now at 180 degrees, it was remaining just two poles to my destination when I gave up and dropped the bag. I called another barrow pusher and he quoted 250 naira.....chai see penny wise pound foolish, I barely had any strength left to haggle price so I agreed.
I found a corner outside the market and set my cartons of soap, I took one carton and went inside the market screaming on top of my voice as usual, three hours later and I had just sold only 5 bars of soap to make matters worst it started raining and my cartons of soap was in the open.
I ran like a mentally deranged man to where I kept my wares trying to save it from the rain, while I tried to carry the cartons to a shed some gave way throwing some of the soaps on the road with tricycles running over them. A barrow pusher came to my rescue and helped me save the rest.
After the rain subsided I went back into the market and started selling the soap at a 50% loss yet I was unable to finish one carton, while I was struggling to sell my kaya those agberos came with their wahalla and collected #300 from me, I went to a different section of the market to try my luck and 4 different agberos surrounded me with different tickets each not less than #200 . Oga abeg I never sell anything I tried to explain to them, come on give me my money joor one of them roared.
By now I was close to tears as they made away with my goods, heiya its unfair o, you people should pity this poor boy naa, see he's even crying, some market women pleaded on my behalf. They finally collected #500 from me.
I managed to sell two cartons just enough to get my transport back home and set off to the park. I was looking very dirty and unkept, at the park I bumped into a girl I was wooing when I was in ph, she kept staring at me probably trying to deduce if I was actually the person she was seeing. I kept a straight face and went to sit at the back of the bus away from other passengers glare.
At home I took the remaining goods to the woman I bought it from and sold it to her at over 60% loss and gave my dad the balance, though he complained but I carest not.

Even though I'm beginning to feel that business is not for me. I still want to try more.
I'm still broke and I've got more ideas though no capital but something keeps telling me I will get a breakthrough I business one day. I will still come back to testify here.

Feel free to share your own experiences doing business both the positive and negative ones.
Mods please push to front page so we can get wider views and contributions.

Onahi95:
Most Nigerians are of the opinion that Business is the answer to the ever raising number of unemployed youths. What most doesnt know is that business too has its own challenges and not for the faint hearted. I would be sharing some of my experiences trying to do business.

**First Experience**
Growing up I've always been a lover of business, I remember after my secondary education I was given two options of university education or business. I choose business without batting an eyelid. I think it was during the early days of Goodluck's tenure when ports were closed so most importations where from Cotonou Port and the goods smuggled into Nigeria.

I gathered small capital with the help of relatives and would go to Cotonou to get male jeans and resale in wholesale to my customers in Nigeria, I went on a trip at least once a week which gives me an average of 30k to 40k profit per week because my capital wasn't much. I started with 200k and within a little over a year I was counting in millions before my legendary village people gave me a call.

My logistics agent put my goods in a vehicle transporting second hand tyres, which was intercepted at Benin and everything got impounded. After spending so much for the release of the goods it was released several months later only for us to meet goods not up to 10% of what was originally seized. It was devastating and I came crashing down to square one. All attempts to gather another capital proved abortive.

I guess, you have not found the right business that will work for you, keep searching for the right business. You will breakthrough one day. There are different types of business, I.T business is what I love and study, I so much love the information technology business

From your store you really love business and ready to succeed in it which that is why you are trying different line of business.

Don't give up keep trying and you will soon get to the success line and everything will turn into testimonies.

I will advice you also be trying online businesses at least there one you can do with just your SMART PHONE and may require little or no capital to start.

Try DIGITAL MARKETING,
I strongly recommend AFFILIATE MARKETING to start with, as it does not require any special Skills or Qualification to start. You don't need to crate or own any product nor own a website to get started.
You can learn about affiliate marketing for free and how to get started from www.webtobanks.com

Onahi95:
Most Nigerians are of the opinion that Business is the answer to the ever raising number of unemployed youths. What most doesnt know is that business too has its own challenges and not for the faint hearted. I would be sharing some of my experiences trying to do business.

**First Experience**
Growing up I've always been a lover of business, I remember after my secondary education I was given two options of university education or business. I choose business without batting an eyelid. I think it was during the early days of Goodluck's tenure when ports were closed so most importations where from Cotonou Port and the goods smuggled into Nigeria.

I gathered small capital with the help of relatives and would go to Cotonou to get male jeans and resale in wholesale to my customers in Nigeria, I went on a trip at least once a week which gives me an average of 30k to 40k profit per week because my capital wasn't much. I started with 200k and within a little over a year I was counting in millions before my legendary village people gave me a call.

My logistics agent put my goods in a vehicle transporting second hand tyres, which was intercepted at Benin and everything got impounded. After spending so much for the release of the goods it was released several months later only for us to meet goods not up to 10% of what was originally seized. It was devastating and I came crashing down to square one. All attempts to gather another capital proved abortive.

Faiththatworks:
There's a bitter truth that must be told to everyone, business is not for everyone.
And we must begin to teach people that buying and selling is not a business,it's called trading.
Everybody in the world is a trader, That's a talent God gave everyone in the world,there's no special skill needed to survive as a trader.
Back to the story,the only time my good friend in the story tried his hand on entrepreneurship was when he tried to actually produce nylon,and that's where I believed he failed as an entrepreneur,he should have started trading whatever he produced,but he failed and he gave up.
Nigerians are quick to quote motivational jargons but the truth is if all you do is add value to another person business you are nothing but a trader.
We are where we are today as a country because all we do is buy and sell and turn around to spin traders as entrepreneurs.
May God open the eyes of the next generation in this country.
God bless Nigeria.

boss please explain more.

You have really been through a lot OP. It hasn't truly easy. A few comments, please this is no way me being judgemental but I think your story is missing an important piece which is a deeper reflection on what you could have done better or the lesson from these experience to be a better business person next time. Unfortunately if this is not addressed, the same history will keep repeating itself. From your story, I have seen a lot mistakes you kept repeating such as poor planning and little to no risk management. If some of those are not addressed, your next business might suffer the same fate.

Onahi95:
** Fifth Experience**

By now I was legit scared of business that I had to abandon it and seek for admission into the university. If at that I didn't stop trying

I was home for a break in school so I looked for something to do to earn money for the main time. A friend of my mom was selling bar soaps then and according to my mom she was swimming in money though she didn't look it o. I met her and she told me how she was making millions by taking the soaps to other States to sell, she advised I went to pH since they had high purchasing power.
I used to hustle street trading in pH so I was familiar with the environs which was an advantage or so I thought. I did my calculations and was in high spirits as I was going to hammer this time.
I borrowed 100k from my dad, bought about cartoons of bar soap and set off to pH on a faithful Wednesday because I targeted oil mill Thursday market . I first dropped at obigbo junction and set my cartons of soap by a corner that the owner was absent and started screaming on top of my voice soliciting for customers...buy your original soap here, only 100 100 naira, e don dey finish oooo, eleme dey look bayelsa dey buy oo, after today no more ooo....I kept shouting....
I got some occasional glances by passerby's as they proceeded to their destinations, one hour turned to two hours yet no one has asked me whether na sample I sample abi na sell I dey sell. I got exhausted from my fruitless shouting and sat down, I realized it was getting dark so I called the number of the person I would pass the night in her place at mile 1....ghen ghen number no dey no reachable .... I shaa packaged my cartoons of soap and set off to mile 1, after all I came for oil mill so I'm sure I would sell all the next day.
Getting to mile 1 around past 8, every where was dark and deserted. I was scared so I had to proceed to mile 3 that was livelier. I packed my goods in one park and started looking for a place to pass the night, I went to a police station but they were questioning me like a criminal even after narrating my ordeal to them. I left and went the a church and the security turned me back that they only allow people to sleep in the church during vigils. I ended up sleeping in an uncompleted building in the state university.
The following morning I set off to oil mill market, I remember when I dropped a barrow pusher came to carry the goods to a place I would keep them but since I was running low on cash I asked him to help me place it on my head....haa oga this thing heavy o e go break your neck o, just give me 3h make I carry am for you.....he exclaimed, don't worry I'm fine I replied.
Five minutes later I was sweating like a Christmas goat with my neck now at 180 degrees, it was remaining just two poles to my destination when I gave up and dropped the bag. I called another barrow pusher and he quoted 250 naira.....chai see penny wise pound foolish, I barely had any strength left to haggle price so I agreed.
I found a corner outside the market and set my cartons of soap, I took one carton and went inside the market screaming on top of my voice as usual, three hours later and I had just sold only 5 bars of soap to make matters worst it started raining and my cartons of soap was in the open.
I ran like a mentally deranged man to where I kept my wares trying to save it from the rain, while I tried to carry the cartons to a shed some gave way throwing some of the soaps on the road with tricycles running over them. A barrow pusher came to my rescue and helped me save the rest.
After the rain subsided I went back into the market and started selling the soap at a 50% loss yet I was unable to finish one carton, while I was struggling to sell my kaya those agberos came with their wahalla and collected #300 from me, I went to a different section of the market to try my luck and 4 different agberos surrounded me with different tickets each not less than #200 . Oga abeg I never sell anything I tried to explain to them, come on give me my money joor one of them roared.
By now I was close to tears as they made away with my goods, heiya its unfair o, you people should pity this poor boy naa, see he's even crying, some market women pleaded on my behalf. They finally collected #500 from me.
I managed to sell two cartons just enough to get my transport back home and set off to the park. I was looking very dirty and unkept, at the park I bumped into a girl I was wooing when I was in ph, she kept staring at me probably trying to deduce if I was actually the person she was seeing. I kept a straight face and went to sit at the back of the bus away from other passengers glare.
At home I took the remaining goods to the woman I bought it from and sold it to her at over 60% loss and gave my dad the balance, though he complained but I carest not.

Even though I'm beginning to feel that business is not for me. I still want to try more.
I'm still broke and I've got more ideas though no capital but something keeps telling me I will get a breakthrough I business one day. I will still come back to testify here.

Feel free to share your own experiences doing business both the positive and negative ones.
Mods please push to front page so we can get wider views and contributions.

I admire your hustling spirit but I think you should try online business, Nigeria is hash for businesses, it kills dreams. I used to own a phone shop until I was robbed and started from zero, then I raised some money in collaboration with my uncles friend and went into oil lifting, made over a million in two months then Buhari effect started affecting the oil and gas sector and prices of oil product where increasing almost every week. I had a loss of 1.8m and that was how I was kicked out of that business.

Then I moved online and I mean crypto! I don’t care what people or the government says but this has been my no 1 source of wealth. Few weeks ago I got a new car! Ontop that moving to porch apartment soon by Gods grace. Am not telling you this so you can contact me or for anyone reading this to, if you send me a DM without my permission I won’t respond.

In conclusion my brother follow who know road, but be very diligent to do your investigation. People are fond of accumulating and disguise their source of wealth. So don’t just believe a business someone tell you about especially if that same person is going to provide the goods or services required to get started. Am telling you this because it has happened to me so be very wary of such business ideas.

Onahi95:
**Fourth Experience**

After the collapse of my cloths business I had to get a job as a security man with a 15k salary. It was a one week on one week off shifting work so I looked to something to argument my salary. A friend introduced me to selling if singlets and boxers in traffic. I can't recall the cost price but I know each boxers sold returns a profit of #50, depending on the customers bargaining power, and #100 to #200 for singlets.

It was a whole new experience for me this time chasing after vehicles soliciting for patronage. At times I'm meet with stares from customers looking at me like I was wearing back of cloths. I later realized that I didn't blend with other traders, I looked a bit fresh and wore good clothes too. Not to worry, I would soon blend sooner than later.

Two weeks later and I was a shadow of myself, I had gotten so skinny that by belt was threatening to round my waist, I became confused in complexion, I wasn't dark nor fair more like grey complexion. To make matters worst I wasn't seeing any progress in the businesses. I struggled to make even #1k profit a day aside expenses. I wondered how others were surviving because the business was more like an exchange of money. I had to quite because the stress involved was inversely proportional to the income, I was just trekking round PH like a nomad for little or nothing at all.

After taking out time to read all your ordeal in business. I am tempted to coach you in business for free and turn you to a millionaire in the next fee months. Kindly send your full information to this email address nlbmarketsquare@gmail.com

Let me teach you the right way to fish and show you how to do business without stress.
I just want to sow a seed of greatness into your life and transform your life .

You can do biz like LA Buena Vida, call or whatsapp on 08030901291 for details.

hungryboy:
Na good location and goodluck every businessman need oh

You have gone through a lot , you be strong hustling guy, one day , your time too shall come

go to Lagos