₦airaland Forum

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

CzarChris:
Best decision ever, I was discussing with a friend about this last night. Salary earning no matter how good it is, isn't worth it. I've not received salaries for some months now, Thank God for my consulting gig that has helped me not turn into a beggar. With months of no salary, even if my salaries get paid tomorrow, I'm going to concentrate on my consultancy services and probably expand into other businesses. I now see my main job as a side hustle.

My experience though.

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

ariesbull:
you are a terrible adviser...

Life is all about risk and nobody gets ricih earning salary

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

Desusi:
Who bewitched you??

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

Minjim:
Bakers are cashing out these days.

Imagine a loaf of bread for 1k. Bake 100. That 100k

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

DEBJOCH1:
I am also 8n your shoes but this is what I did, I set up my own farm, feed my animal before coming to work, when my wife return from school (work) around 2-3pm, she go and feed them, I come back from work around 6-7pm, I go and clean their pen, together we are not seeing the result, if we both, me and my wife should continue 9n this note, in about 5 -8 months from now, one of use MUST definitely leave our paid job to give full attention to the Animal, Pigry for that matter.
I will advise you take your annual leave which is about 3 or 4 weeks, start on Saturday before the start of your leave, work with an expert, please don't think you can start a Bakery alone, because this is a business I am well grounded in. You need to employ a Chief Baker or a Master baker whom you will place on salary or wages, while you serve as a marketer, both of you 'You and the Chief or Master Baker" can start while your wife is by the side learning. As you are doing the supplying aspect to customers for that one month, the end result for that one month will tell you if you are to resign or get another marketer who will take over the supply, or you ask your wife, partner, brother or sister to be in charge of marketing or supply. I worked with a professional baker who have been 8n the business for more than 20 years, yet his boys are still stealing from him. What helped the man is that for every production he knows how much that he on a normal day can make from one bag, when he discovered that the income was diminishing, he had to come to the bakery him self to work with his boys, to cut the long story short, for just that day he was at the Bakery to mold bread with his boys, he was about to cought those stealing from him. He called me aside and say sheybi you see, these are what you should be very mindful of, since your mission is to start a Bakery, you must encounter things like this.
I was expecting the man to sack the 4 boys, his Chief Baker was part of them but he didn't, the only thing he did was to cut 70% of their pay for that week, and the guys continued working with him till today. He told me that if he sack them, were will he get professional bakers like them?. I will not advise you to quite your job sir, though some will be clapping and be hailing your decision but there is more to it than you think. If there is any business any one can venture into expecially in the Western part of Nigeria here, Bread baking is a very strong business, you must be strong to join Master Bakers, Sir, to become a member alone 3 years I went to signify interest they said I should pay N130,000. The N130k was with abeg sef, if you don't join the association legally they will frustrate life out of your life. Stay with your job ooo, if your passion is to go into Bakery, stay on your job, employ Master Baker and a marketer to run the business for you, give them target, when you see how solid the business is, you can now resign to do to supervise. No matter how experience you might claim to be, you can't run a Bakery business alone, you still need a professional along side your self. Thank you.

DEBJOCH1:
. Your summation is very deceptive, you mean one shouldn't quite his job to start a this business, untill his/side business can pay twice is Salary?, It means you will have to work for years to achieve that. Once your side hustle 2gich you put less than the full time you 8nvested on your paid job can earn you half of your salary, that's a very clear indication that even if you write your job to invest your full time on your business, in less than expected, you will make more than 4 times your salary. You mean I earn N100k as salary and I have a side hustle which I invest less time to and which fetches me N50k in a month?, Guys what am I waiting for?, Why won't I resign and give the side hustle my real time?, Please change your mind set.

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

dennis3888:
I understand what you mean but I guess that should not be my problem for now when I get to that bridge I will cross it

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).




probably the fears is just in my head. your opinion please

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

FreeStuffsNG:
Don't try it! Go and work at least part-time in a bakery first.

The last person I know who did this entered serious financial and debt problems! Go first and learn the rudiments and tricks of the trade before putting your hard-earned savings in it.

For free business ideas and directory of sources of fund, and other freebies, check my signature!

dennis3888:
Good day everyone please i need your candid advise and opinion

Am about to leave my bank job of seven years with a salary of 100k for a new business note the business has already been set up already

my fears is that am married and you know what that means i have ready responsibilities. so am now having fears that what of it doesn't work (which have been praying about seriously).


probably the fears is just in my head. your opinion please

Munzy14:
The business waters in Nigeria is different from 9-5 waters..

As a business man you bear the loss..Something different from a 9-5 earner who cares only About his/her monthly salary..

I will advise you keep your job and allow the bakery run for at least 2years.

Then, you run audit annually or every 4-6months to know if your capital is yielding something or not.
And bakery business is not smiling one at the moment with inputs on the rise..you need your job as well to absorb the shocks that one will encounter as far as Naija concern.

And you are a family man, think very well...Set your traps on all fronts to maximize resources.