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Nairaland Forum / Nairaland / General / Properties / Can 25 Million Naira Build This? (73784 Views)
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Re: Can 25 Million Naira Build This? by DrDoc: 9:33pm On Dec 27, 2023 |
Neoteny7: Says who ? I have been doing businesses since 20 years plus and i have results. Risk assessment and risk exposure management means that if you have 25 Million cash you do not i vest more than 2.5 Million in a business because the reason 90% of businesses fail is acess to liquid cash to propragate the business to the finishing line. Pls brother anyone who invests 25 M out of 25M.will end up suicidal 3 Likes 2 Shares |
Re: Can 25 Million Naira Build This? by jojothaiv(m): 9:43pm On Dec 27, 2023 |
CapitalBank:Your last line brought back teary memories, I rather sweat it out for my bucks than toss it to someone to help me invest in some businesses and I owe no one apology for doing that. Concerning your question and in line with similar answers from the greenhorns in the architectural/construction/costing world, 25M is enough to get a decent bungalow. Best of luck, man. 1 Like |
Re: Can 25 Million Naira Build This? by jojothaiv(m): 9:45pm On Dec 27, 2023 |
DrDoc:Learnt that harsh lessons when I toss my life savings into the idea of 'business' as shared by one of my mentors in the writing world, I got burnt and the rest is history. |
Re: Can 25 Million Naira Build This? by DrDoc: 9:48pm On Dec 27, 2023 |
jojothaiv: There must be cash fluidity and almost immediate access to cash for business to succeed. Never spend more than 20% of your cash on any adventure. But there are also levels. If he entire risks are spelt out and can be managed to up to 90%, then one can invest all in all. But this level of mastery is only for people 10-15+ years of a business necause they would have understood the terrain, the business dynamics and how to manage the shocks and instabilities and still reach the finishing line. All these knowledge i am sharing took me tons of loses and over twenty years to gather experience o. I lost tire in business till i got awakened to be bettter Try to find time and Google amd read well on : Risk exposure management in business Risk tolerance level Risk management and prediction If you master it, before you lose money it will be hard. I mastered it 10+ years now and since then i achieve alot |
Re: Can 25 Million Naira Build This? by sonnie10: 9:50pm On Dec 27, 2023 |
DrDoc:This not why businesses fail. The reason why you failed is because your business is dependent on you instead of a solid system. Systems are predictable unlike human ability. System can be scaled, can detect errors before they occur. This is almost 2024. In this age and time, don’t be handcuffed by personal strength. Don’t sleep at the site. Ask yourself, what happens to those error and aspects of your business that you can’t attend to, due to time or vast nature of the process? They lead to inconsistency and poor output. That is how you have been losing money. Scale and win big. 2 Likes |
Re: Can 25 Million Naira Build This? by DrDoc: 9:51pm On Dec 27, 2023 |
sonnie10: Ignored. Not giving my attention yo a laxy reader. Get lost |
Re: Can 25 Million Naira Build This? by jojothaiv(m): 9:57pm On Dec 27, 2023 |
DrDoc:No lies, truth be told I'm still holding back when it comes to 'business' particularly the one that bothers on investment and I don't have enough know how. But bad as it may be, Rudyard (an English poet) once said and I quote, 'If you can make one heap of all your winnings And risk it on one turn of pitch-and-toss, And lose, and start again at your beginnings And never breathe a word about your loss: If you can force your heart and nerve and sinew To serve your turn long after they are gone, And so hold on when there is nothing in you Except the Will which says to them: 'Hold on!' This lines have pushed me to where I'm here right now and it keeps getting better. I'm glad you let a boy like me pick important lessons in the course of your discussion with me over here. Big thanks and I pray you grow bigger. 1 Like |
Re: Can 25 Million Naira Build This? by saydfact(m): 9:59pm On Dec 27, 2023 |
CapitalBank: Its a bungalow... Money never devalue reach like that.. It wld. 1 Like |
Re: Can 25 Million Naira Build This? by sonnie10: 10:02pm On Dec 27, 2023 |
DrDoc: I will continue to school you until you get it. I still stand on my initial comment. You have never done any business right. You keep doing the same time over and over, expecting to get a different result. Never. Business is not about physical hard work. It’s not a secret. It is about setting up a system that can clone you, and satisfactorily deliver to your clients at a profit. No matter how much you sleep at the factory, that will never make you rich. Follow who know road! 2 Likes |
Re: Can 25 Million Naira Build This? by DrDoc: 10:03pm On Dec 27, 2023 |
jojothaiv: There is a place of fear that failure in business forces amd compresses a man into after series of business failures. If one doesnt dare to find the courage to try again, it leaves people there paralyzed.for.decades. make sure you get out of fear 4 Likes 1 Share |
Re: Can 25 Million Naira Build This? by DrDoc: 10:03pm On Dec 27, 2023 |
sonnie10: Quit begging my attention. Get lost |
Re: Can 25 Million Naira Build This? by sonnie10: 10:11pm On Dec 27, 2023 |
DrDoc:I am sure getting it. People like you think business is all about perfect good players. I say, far from that. When you don’t take ownership you set yourself up for failure. Think big! Scale that idea and money will answer to you. |
Re: Can 25 Million Naira Build This? by DrDoc: 10:13pm On Dec 27, 2023 |
sonnie10: Ignored. Not giving my attention. Leave me |
Re: Can 25 Million Naira Build This? by sonnie10: 10:19pm On Dec 27, 2023 |
DrDoc:How many plantain chips can you personally fry in 24hr . Assuming you don’t even sleep. How much is a pack? Multiply that by the quantity you can process, then, you would see why you are not where you dream of being. Do you really want to know how to get unstuck? |
Re: Can 25 Million Naira Build This? by DrDoc: 10:20pm On Dec 27, 2023 |
sonnie10: ignored. Not on my IQ level |
Re: Can 25 Million Naira Build This? by BigIyanga: 10:24pm On Dec 27, 2023 |
sonnie10:Still explaining… easier to say and done. When you start a business and implement all your listed ideas .. then we can talk. Ideas are cheap |
Re: Can 25 Million Naira Build This? by Yashita: 10:26pm On Dec 27, 2023 |
sonnie10: Guy! As a start up business owner, in order to grow your new brand and expand, you have to give it your full attention and presence. Before you “develop a system that works”, your 💯 must still be involved even if it includes sleeping at the factory before you figure out and build this system, no big business owner just jump into it. They all started small and simple |
Re: Can 25 Million Naira Build This? by BigIyanga: 10:28pm On Dec 27, 2023 |
sonnie10:Stop offering textbook advice. You can stay in 1 location and make lots of money by servicing a niche market. |
Re: Can 25 Million Naira Build This? by BigIyanga: 10:31pm On Dec 27, 2023 |
Yashita:Tankio.. Talk to Dangotes, Folawiyos, Madukas , Rabius, Okoyas… they all started with zero staff and slept in their shops/offices at innitial stage |
Re: Can 25 Million Naira Build This? by sonnie10: 10:31pm On Dec 27, 2023 |
DrDoc: You are missing the point. Business is not only for people with extraordinary intelligence. When you set up a good system, even your Grandma can effectively run your business. High IQ can only get you to a point before you are worn out if and the when you don’t scale. Then you hire another person with high IQ and your profit margin nosedive, because you pay them a lot. Whereas, ordinary people like me can work for you in a setting with appropriate system and produce equal or better outcome. Think big. Don’t be held by the golden chain of high IQ ( extraordinary people) . |
Re: Can 25 Million Naira Build This? by DrDoc: 10:31pm On Dec 27, 2023 |
sonnie10: Ignored. Not giving you attention. Not reading all your crap |
Re: Can 25 Million Naira Build This? by sonnie10: 10:35pm On Dec 27, 2023 |
BigIyanga:I made my first million about 40 years ago. When million was million. |
Re: Can 25 Million Naira Build This? by nairamaniac: 10:38pm On Dec 27, 2023 |
DrDoc: Very unnecessary advice. Did he tell you that *his last money is that 25million naira"? Or you know the exact amount of money I. His bank account? 1 Like |
Re: Can 25 Million Naira Build This? by DrDoc: 10:39pm On Dec 27, 2023 |
nairamaniac: Is the comment friendly or did i mandate it? |
Re: Can 25 Million Naira Build This? by BigIyanga: 10:41pm On Dec 27, 2023 |
sonnie10:Millions 40 years ago with no national presence? Name of your brand? |
Re: Can 25 Million Naira Build This? by DrDoc: 10:43pm On Dec 27, 2023 |
Re: Can 25 Million Naira Build This? by sonnie10: 10:44pm On Dec 27, 2023 |
BigIyanga:Go to my posts |
Re: Can 25 Million Naira Build This? by nairamaniac: 10:46pm On Dec 27, 2023 |
DrDoc: It was unnecessary. His post was not a topic of "how to spend 25million" Or *should I build a house with 25M or use the money to invest"? It's just me creating a thread "Should I take my girlfriend out on a date on new year's day"? Then you reply by telling me "it's better you use the money to cook in the house for both of you, cos it would be more economical, and you would still have more money to do many other things". How does it sound to you? That's exactly how your reply sounded. Very unnecessary, to say the least. |
Re: Can 25 Million Naira Build This? by DrDoc: 10:48pm On Dec 27, 2023 |
nairamaniac: ..dude this is a forum. Okay ? Let me breathe. My comment didnt deduct money from his bank account. Let me breathe with the i am about to scam him accusations. Nuisance acting modest |
Re: Can 25 Million Naira Build This? by sonnie10: 10:54pm On Dec 27, 2023 |
DrDoc:It is not. Not at all. One of the reasons I try as much as I can to debunk people like you is so that others do not fall for you ignorance You advised the young man to start business instead of building a house. That is wrong. Someone you don’t even know from Adam. |
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