₦airaland Forum

CodeTemplarr:
Collect the N3m, go for the job while learning theoretical aspect of the business. After one year of saving N400k X 12months, add N3m to N4.8m and start with two branches of the business.

Mrwhite09:
u are mad u are 800k per month to a meagre 3million for business. the business that has a lots of potentials to fail in this failing economy of Nigeria

mayor02:
Hello Nairalanders,

I need your advice
A very good friend of mine got an offer in a company. The company offered him 800k monthly as salary.
But the problem is, his dad offered to give him 3million naira to learn a business from his friend who is successful, so he can start his own soon.

He has not told his dad about the offer yet because he is confused about his choice and this my friend is 28 years old

If you are in his shoes, what will you do.

Hezzyluv:
What kind of business is that if I may ask?

adeoyekay:
Let's fear God please, you called 3million meagre that is too outrageous.

I hope you have up to 2million in your aza

Mrwhite09:
if you start to dey collect 800k monthly calculate how much is that in a year. 3million is meagre compared to 800k monthly

adeoyekay:
I know in comparison it does not worth it

I am just in opinion of you using meagre to qualify it, I know everything has been bastardized by this administration but to get 3million in a legit way now is not easy, so for that it is not meagre

Mrwhite09:
if you start to dey collect 800k monthly calculate how much is that in a year. 3million is meagre compared to 800k monthly

mayor02:
This Country has now made 3 million naira of little value
This is sad
So someone with 3 million naira cannot start a good business

mayor02:
This Country has now made 3 million naira of little value
This is sad
So someone with 3 million naira cannot start a good business

mayor02:
This Country has now made 3 million naira of little value
This is sad
So someone with 3 million naira cannot start a good business

nifemi25:
Hope you are aware this economy is not stable... Don't be surprised your 3 million not nothing even stock up your shop or add value in the next 2 years.... I will advice you go for the salary of 800k monthly... So far the wages is steady...

Nicepoker:
Must every business involves stocking up shops. SMH.

mayor02:
What other profitable business can you start without stocking the store.
Because most of these online stores are struggling to feed the owners

Nicepoker:
Your idea of business is about shops?

mayor02:
Hello Nairalanders,

I need your advice
A very good friend of mine got an offer in a company. The company offered him 800k monthly as salary.
But the problem is, his dad offered to give him 3million naira to learn a business from his friend who is successful, so he can start his own soon.

He has not told his dad about the offer yet because he is confused about his choice and this my friend is 28 years old

If you are in his shoes, what will you do.

CodeTemplarr:
Collect the N3m, go for the job while learning theoretical aspect of the business. After one year of saving N400k X 12months, add N3m to N4.8m and start with two branches of the business.

Hezzyluv:
What kind of business is that if I may ask?

Mrwhite09:
if you start to dey collect 800k monthly calculate how much is that in a year. 3million is meagre compared to 800k monthly

adeoyekay:
Let's fear God please, you called 3million meagre that is too outrageous.

I hope you have up to 2million in your aza

Hamachi:
What a fascinating dilemma! I'll provide you with a balanced analysis to help your friend make an informed decision.

Pros of accepting the job offer:

1. Immediate financial stability: A monthly salary of 800k provides a comfortable income and financial security.
2. Structured career path: A job offer typically comes with a clear role, responsibilities, and opportunities for growth and professional development.
3. Benefits and perks: The company may offer additional benefits, such as health insurance, retirement plans, or paid time off.

Pros of learning a business and starting his own:

1. Entrepreneurial freedom: Owning a business provides the freedom to make decisions, create a legacy, and pursue passions.
2. Potential for higher earnings: A successful business can generate significantly higher income than a salary.
3. Personal growth and fulfillment: Building a business can be a transformative experience that fosters personal growth, resilience, and a sense of accomplishment.

Cons of each option:

1. Job offer: Limited upside potential, office politics, and the risk of job insecurity.
2. Learning a business: High risk of business failure, significant upfront investment of time and money, and uncertainty about future earnings.

Considering your friend's age (28) and the opportunities presented, here's a suggestion:

Recommendation:

1. Accept the job offer: This provides immediate financial stability and a structured career path. Your friend can gain valuable work experience, build a professional network, and develop new skills.
2. Use the job as a stepping stone: While working, your friend can continue to learn about the business his dad's friend is successful in. He can attend seminars, workshops, or online courses to gain knowledge and insights.
3. Re-evaluate after 1-2 years: Once your friend has gained sufficient experience and saved enough money, he can reassess his options. If he still wants to start his own business, he can use the knowledge and skills gained from his job to inform his entrepreneurial venture.

Communication with his dad:

It's essential for your friend to have an open and honest conversation with his dad about the job offer and his thoughts on learning a business. His dad may be willing to support his decision to accept the job offer and provide guidance on how to balance his entrepreneurial aspirations with his current career path.

Ultimately, the decision is your friend's to make. It's crucial for him to weigh the pros and cons carefully, consider his long-term goals, and choose the path that aligns best with his values, skills, and aspirations.

Mrwhite09:
u are mad u compare 800k per month to a meagre 3million for business. the business that has a lots of potentials to fail in this failing economy of Nigeria

mayor02:
This is a lovely write up. Thank you

mayor02:
This is a lovely write up. Thank you