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Can 500k Start This Business? - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessCan 500k Start This Business? (38729 Views)

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Re: Can 500k Start This Business? by emmy512(m): 7:07am On Dec 06, 2024
WhatIf:
My wife with my support use to buy directly from the poultry farm, and either sell by retailing or directly to the consumers. At least, in a week, we are making between #35,000k to #45,000
That's a cool ROI. In my case I want to be the farm
Re: Can 500k Start This Business? by WhatIf: 7:51am On Dec 07, 2024
emmy512:
That's a cool ROI. In my case I want to be the farm
That capital is not enough.


Why not start with that?
Re: Can 500k Start This Business? by Pipsmarshall1: 9:50pm On Dec 14, 2024
Forex Trading any day
Re: Can 500k Start This Business? by Centrik360(m): 9:52pm On Dec 14, 2024
durentboi:
Why you wan do this kinda yeye business. E no beta make u carry taxi dey drive?
U know im pocket strength?
Suggest a better business for him instead
Re: Can 500k Start This Business? by Testimony1988(m): 9:53pm On Dec 14, 2024
If the shop is available and already furnished, then you can start small, but it won't reach.
Re: Can 500k Start This Business? by Dexy4yah(m): 9:57pm On Dec 14, 2024
Taba21:
Hope you're not Igbo cos hand will soon start reaching all of you,one by one since you guys are terrorist.
I use God beg u no carry this your brain enter next year...e get why.
Re: Can 500k Start This Business? by Antoeni(m): 9:57pm On Dec 14, 2024
Just Squander The Money, It's Better,
Re: Can 500k Start This Business? by Ubdavis(m): 10:01pm On Dec 14, 2024
I already know that 500k can start business. Even with 10k. U can start zobo business
Re: Can 500k Start This Business? by Morenikeji090(m): 10:02pm On Dec 14, 2024
Even tailoring you are just joking go ask the price of different sewing machine and you also forget to add shop rent... Tailoring business you need to understand that how you set your shop matters..
CodeTemplarr:
Grocery business with N500k. The lord is your strength.

Try another thing. Tailoring. Food processing or cooking.
Re: Can 500k Start This Business? by Edojoma(m): 10:02pm On Dec 14, 2024
emmy512:
Can you throw more inside?

I've been looking to diversify and start some animal and poultry business.

Egg laying only and goats.

I've figured out the goat aspects but will like to hear your perspective here on egg business.

I've also come up with marketing and ways to market my products differently from others in my state.
I just need to hear from someone in it already and their experience cos a friend who's parents had such I know they ended it this year cos of economy
Don't just chose wats common. How many does a goat birth at a time and how long to maturity. Everything now na calculation n smartness.
Re: Can 500k Start This Business? by ozo13(m): 10:05pm On Dec 14, 2024
suckprick:
Na 500k hin go use buy car for taxi?
grin the thing vex u grin
Re: Can 500k Start This Business? by hopexter(m): 10:05pm On Dec 14, 2024
durentboi:
Why you wan do this kinda yeye business. E no beta make u carry taxi dey drive?
500k go buy Taxi?
Re: Can 500k Start This Business? by GreaterFuture(m):
Do something else.
It won't work
Re: Can 500k Start This Business? by sparko1(m): 10:13pm On Dec 14, 2024
thesicilian:
Personally I don't think 500k is enough to start this, except you remove the cost of shop rent and furnishings.

BTW, OP's question was, can 500k start this business? Yet people are suggesting their one business. Some that may even come online tomorrow to beg with different usernames are still insulting the business on top.
Because that business is crap, the profit from that monthly is not up to 30k, you want someone to sit down with that every month.

Except it is in an estate, most of those things are not necessities, and those with money will prefer Big shops where they can get everything at one.
Re: Can 500k Start This Business? by BabaCommander: 10:14pm On Dec 14, 2024
The shelves alone is about 500k
Re: Can 500k Start This Business? by SQLmastar(m): 10:31pm On Dec 14, 2024
Sirchiboy:
Please can 500k start this business in PH
Hell No! It cannot. Have you checked the prizes of beverages and FMCG lately? Add that to the exorbitant shop rents in PH. 500k is just a fraction of the opening costs.
To open the business above, you need a minimum of 3M.
However, if 500k is the only fund currently available, I can help you manage it until it reaches about 3.5M within 2-3 months.
Re: Can 500k Start This Business? by Sirchiboy(op): 10:43pm On Dec 14, 2024
SQLmastar:
Hell No! It cannot. Have you checked the prizes of beverages and FMCG lately? Add that to the exorbitant shop rents in PH. 500k is just a fraction of the opening costs.
To open the business above, you need a minimum of 3M.
However, if 500k is the only fund currently available, I can help you manage it until it reaches about 3.5M within 2-3 months.
..
How
Re: Can 500k Start This Business? by chukkystar(m): 10:44pm On Dec 14, 2024
To construct that shelve alone na 200k+ for standard one. Inflation is too high, 500k can't.
Re: Can 500k Start This Business? by durentboi: 10:50pm On Dec 14, 2024
Pipsmarshall1:
Forex Trading any day
bro abeg no vex for asking.

Are u making money from forex? Like hw much
Re: Can 500k Start This Business? by Pipsmarshall1: 10:53pm On Dec 14, 2024
durentboi:
bro abeg no vex for asking.

Are u making money from forex? Like hw much
Yes its a profitable business. How much a trader makes depends on the capital. Like any other business in forex trading you must first learn the skill before earning.

As to my earnings, i cannot tell you.
Re: Can 500k Start This Business? by durentboi: 10:55pm On Dec 14, 2024
Pipsmarshall1:
Yes its a profitable business. How much a trader makes depends on the capital. Like any other business in forex trading you must first learn the skill before earning.

As to my earnings, i cannot tell you.
pls but why can't you tell me?
Re: Can 500k Start This Business? by Empresa: 10:56pm On Dec 14, 2024
Render Services instead of doing buying and selling.
Re: Can 500k Start This Business? by Sirchiboy(op): 11:00pm On Dec 14, 2024
Empresa:
Render Services instead of doing buying and selling.
Service like what?
Re: Can 500k Start This Business? by KRAWDEL(f): 11:02pm On Dec 14, 2024
Egg business is a very lucrative business especially in area without any egg depot and close to bus stop. If you buy directly from the farm you sell with N100 or N200, your profit depends on the no of crates you buy weekly.
emmy512:
Can you throw more inside?

I've been looking to diversify and start some animal and poultry business.

Egg laying only and goats.

I've figured out the goat aspects but will like to hear your perspective here on egg business.

I've also come up with marketing and ways to market my products differently from others in my state.
I just need to hear from someone in it already and their experience cos a friend who's parents had such I know they ended it this year cos of economy
Re: Can 500k Start This Business? by nedu2000(m): 11:09pm On Dec 14, 2024
NO
Re: Can 500k Start This Business? by Theresamay: 11:14pm On Dec 14, 2024
JapaToDNext:
go and learn a hand skill (learn how to repair things like home gadgets, fans, e.t.c)

After learning, go and open a repair shop

Then attach the above to any other online skill you have

At the end you manage your time yourself and still make money
GOOD ONE
Re: Can 500k Start This Business? by Yankee101: 11:26pm On Dec 14, 2024
How much is rent alone in port?
Immediately you open the shop and put up a signboard, the revenue board will show up
Re: Can 500k Start This Business? by ayandee: 11:29pm On Dec 14, 2024
Sirchiboy:
So that mini super market no dey move market
to make money from provisions business, you have to be able to sell in bulk and push volumes and that will require à lot of capital. That one in the picture won't give you any reasonable profit.
Re: Can 500k Start This Business? by owi36: 11:34pm On Dec 14, 2024
How please, interesting, more inside biko?
WhatIf:
Why not venture into egg business with that money. You will thank me later.
Re: Can 500k Start This Business? by AfDapone: 11:42pm On Dec 14, 2024
thesicilian:
Personally I don't think 500k is enough to start this, except you remove the cost of shop rent and furnishings.

BTW, OP's question was, can 500k start this business? Yet people are suggesting their one business. Some that may even come online tomorrow to beg with different usernames are still insulting the business on top.
im just wan enrich the agents finish. Dem go collect all the money before you come see better shop. Next will irresponsible Landlord pikin wahala if you are unlucky.
Re: Can 500k Start This Business? by sheflat: 11:48pm On Dec 14, 2024
Me I no lie for you

If you get shop for better location, start bottle water business with that 500k within 6 months you go know wetin u save
Sirchiboy:
Please can 500k start this business in PH
Re: Can 500k Start This Business? by Ijoba85: 11:54pm On Dec 14, 2024
Find one shop rent , start cooking and selling bread and beans for place wey people dey , you go hammer
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