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Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? - Business (2) - Nairaland

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What Business Do You Regret Starting?? / Which Business Did You Regret Starting Because It Ended Up In Huge Loss / Supermarket Owners Rake In Huge Profits Over Closure Of Shoprite In Akure (2) (3) (4)

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Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by QuinModah(f): 6:43am On Apr 01, 2023
MISTAICEY02288:


As a married Man with a Son, I'm going through similar situation presently. I hardly make 2k in a day at my shop. Please could you put me through the internet business if you don't mind? Thanks!
Yes, I can.
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Robertgreene1(m): 10:06am On Apr 01, 2023
lavylilly:
shocked
What can l do for you ma

2 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Theboy21: 10:22am On Apr 01, 2023
Rubyjade:
Poultry my grandma was dashing people eggs, and life chicken, i have to close down.
Legendary Grandma cheesy cheesy

1 Like

Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by MISTAICEY02288(m): 5:09pm On Apr 01, 2023
QuinModah:
Yes, I can.

Please reply my mail so we can connect from there or if you can kindly message me on my WhatsApp. Number is in my signature. Thank you!!!

2 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by QuinModah(f): 5:10pm On Apr 01, 2023
MISTAICEY02288:


Please reply my mail so we can connect from there or if you can kindly message me on my WhatsApp. Number is in my signature. Thank you!!!
drop your email
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by MISTAICEY02288(m): 6:40pm On Apr 01, 2023
QuinModah:
drop your email

Jide.muraina@aol.com

2 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by lavylilly: 10:58am On Apr 02, 2023
grin
Theboy21:
Legendary Grandma cheesy cheesy

2 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Todil(m): 11:54am On Apr 03, 2023
QuinModah:
drop your email
Can i drop mine too please?

1 Like

Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Rubyjade: 1:27pm On Apr 03, 2023
I dey tell you saying people are hungry
Theboy21:
Legendary Grandma cheesy cheesy

2 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Zidoh(m): 1:37pm On Apr 03, 2023
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

You really cracked me up

3 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by lavylilly: 1:37pm On Apr 03, 2023
wink
Zidoh:

You really cracked me up
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Rubyjade: 1:51pm On Apr 03, 2023
Are you a business owner who feels that having a great product or concept is sufficient to secure success?

Unfortunately, this is not always the case.

Aside from the quality of a company's product or service, various factors impact its performance.

For example, a company with an excellent product but a poor customer experience will lose customers.

A company with an excellent product but proper internal controls risks losing its assets to theft and fraud.

And a company with great products but poor financial management will always struggle to stay afloat.

Your great product alone may not solve every business problem you encounter.

Despite selling billions of Naira worth of merchandise, many firms struggle to stay afloat.

Hence, if you want your firm to thrive in the long run, you must think beyond the product you offer.

The first step is to gain knowledge.

Knowledge is the ability to make sound decisions that propel your company forward.

Remember that having a wonderful product is critical to running a successful business. It is, however, only one element of the puzzle.

Prioritizing customer experience, internal controls, and financial management can help ensure the sustainability and prosperity of your firm.

2 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by IyaTola: 6:20am On Apr 05, 2023
wink
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by maaji: 8:12am On Apr 05, 2023
QuinModah:
Yes, I can.
Me too pls. Things are so hard. I hardly eat 3 square meals. Here is my email nasman32@gmail.com

2 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by QuinModah(f): 11:24pm On Apr 06, 2023
maaji:

Me too pls. Things are so hard. I hardly eat 3 square meals. Here is my email nasman32@gmail.com
Have you received any messages yet.
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by IyaTola: 12:27pm On Apr 07, 2023
cheesy
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by hazandino(m): 2:38pm On Apr 07, 2023
QuinModah:
drop your email
babe can i drop ma mail hassankareem4422@gmail.com .... pls i really need ur help also , because tins hard for here .
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Cineinfo(m): 4:55pm On Apr 07, 2023
QuinModah:
Have you received any messages yet.


Please help me too. ceninfo@yahoo.com

2 Likes

Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Chigorkizz(m): 7:25pm On Apr 07, 2023
.
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Rubyjade: 1:20pm On Apr 10, 2023
Happy Easter Monday
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by valiju: 2:53pm On May 17, 2023
Bro please which state is the hotel located
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
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by lavylilly: 3:59pm On May 17, 2023
Do you wish to buy it?
valiju:
Bro please which state is the hotel located
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Olawrites: 5:19pm On May 17, 2023
E-commerce Importation I regretted it till date, the product is still in my home wasting

1 Like

Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Rubyjade: 6:18pm On May 17, 2023
What products? share pictures
Olawrites:
E-commerce Importation I regretted it till date, the product is still in my home wasting
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by valiju: 6:31pm On May 17, 2023
I am planning on building something like that so needed the location to help with feasibility study and how lucrative the business is
lavylilly:
Do you wish to buy it?
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Aliyubest(m): 7:03pm On May 17, 2023
valiju:
I am planning on building something like that so needed the location to help with feasibility study and how lucrative the business is
He mentioned lead City University, Ibadan
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by valiju: 7:12pm On May 17, 2023
I just saw from your post did you want to sell? Am interested
lavylilly:
Do you wish to buy it?
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by lavylilly: 10:56pm On May 17, 2023
valiju:
I just saw from your post did you want to sell? Am interested
For now, NO, but I could help you get one if you don't mind. Drop your email
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by lavylilly: 10:56pm On May 17, 2023
valiju:
I am planning on building something like that so needed the location to help with feasibility study and how lucrative the business is
I could help with that if you don't mind
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by valiju: 6:27am On May 18, 2023
Walexherbs@yahoo.com
lavylilly:
For now, NO, but I could help you get one if you don't mind. Drop your email
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by lavylilly: 8:29am On May 18, 2023
Seen
valiju:
Waleherbs@yahoo.co. uk
Re: Which Business Did You Regret Starting Because It Ended Up In HUGE Lose? by Rubyjade: 9:24am On May 18, 2023
lipsrsealed
Theboy21:
Legendary Grandma cheesy cheesy

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