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Should I Use My 3million Naira Start A Business,or Start My Building Project - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessShould I Use My 3million Naira Start A Business,or Start My Building Project (18701 Views)

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Should I Use My 3million Naira Start A Business,or Start My Building Project by Roseodd(op): 11:47am On Mar 18, 2025
Please I urgently need advice.
I would have love to start a business,but I don't have ideas of any business now.
I have landed properties,I am also thinking of starting of building my house.
Please help me with advice 🙏🙏
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by OgbeniOja1: 11:54am On Mar 18, 2025
3 million to start building project under Tinubu. what's the plan for continuity also what do you want to build and where?? I would advice you invest that money for now abeg.ake frustration no jam you
Roseodd:
Please I urgently need advice.
I would have love to start a business,but I don't have ideas of any business now.
I have landed properties,I am also thinking of starting of building my house.
Please help me with advice 🙏🙏
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Roseodd(op): 11:58am On Mar 18, 2025
OgbeniOja1:
3 million to start building project under Tinubu. what's the plan for continuity also what do you want to build and where?? I would advice you invest that money for now abeg.ake frustration no jam you
I am still expecting more money.
So this not the only money I will have.
I just need to utilize this funds properly that's all
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Roseodd(op): 11:58am On Mar 18, 2025
OgbeniOja1:
3 million to start building project under Tinubu. what's the plan for continuity also what do you want to build and where?? I would advice you invest that money for now abeg.ake frustration no jam you
Anyways,thanks for your contributions
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Roseodd(op): 11:59am On Mar 18, 2025
OgbeniOja1:
3 million to start building project under Tinubu. what's the plan for continuity also what do you want to build and where?? I would advice you invest that money for now abeg.ake frustration no jam you
I have finished my foundation already.
Three bedroom flat,and a selfcon at the back.
Continuity to say
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Xannadu: 12:15pm On Mar 18, 2025
Roseodd:
I have finished my foundation already.
Three bedroom flat,and a selfcon at the back.
Continuity to say
In that case use it to continue the building. That'll be the safest bet for you considering the fact that you don't even have any ideas of what business to start.
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Roseodd(op): 12:17pm On Mar 18, 2025
Xannadu:
In that case use it to continue the building. That'll be the safest bet for you considering the fact that you don't even have any ideas of what business to start.
Thank you brother,I really appreciate 🙏
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by johnubimago(m): 12:33pm On Mar 18, 2025
The 3 million will go a long way in the building projet if you already have a land. Venturing into a business you have no idea about is like Bet9ja.
The building in the pix 6 million took it that far. Twin 2 bed room

Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by ChirstFireAltar(m): 1:14pm On Mar 18, 2025
1. Whatever you doing presently to get this money keep doing it.
2. Ensure you do business that won't reduce the money. Do something business that people need... That can generate daily or weekly money.
3. State setting aside like 15% of your profit in another account for your building. When it's up to what you can use to do the foundation state. Don't build a dream house now.
4. Build a use you can use to make money...short apartments, shops etc to increase your revenue base.
All the best...


Roseodd:
Please I urgently need advice.
I would have love to start a business,but I don't have ideas of any business now.
I have landed properties,I am also thinking of starting of building my house.
Please help me with advice 🙏🙏
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by AfahaAbia(m): 1:20pm On Mar 18, 2025
johnubimago:
The 3 million will go a long way in the building projet if you already have a land. Venturing into a business you have no idea about is like Bet9ja.
The building in the pix 6 million took it that far. Twin 2 bed room
Like how much can one budget to build a 3 bedroom and 2 bedroom together on the same land?
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Roseodd(op): 1:28pm On Mar 18, 2025
johnubimago:
The 3 million will go a long way in the building projet if you already have a land. Venturing into a business you have no idea about is like Bet9ja.
The building in the pix 6 million took it that far. Twin 2 bed room
Thank you sir for the encouragement 🙏
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Roseodd(op): 1:28pm On Mar 18, 2025
ChirstFireAltar:
1. Whatever you doing presently to get this money keep doing it.
2. Ensure you do business that won't reduce the money. Do something business that people need... That can generate daily or weekly money.
3. State setting aside like 15% of your profit in another account for your building. When it's up to what you can use to do the foundation state. Don't build a dream house now.
4. Build a use you can use to make money...short apartments, shops etc to increase your revenue base.
All the best...
I think I will continue with the building project sir
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by silibaba: 2:15pm On Mar 18, 2025
Roseodd:
Please I urgently need advice.
I would have love to start a business,but I don't have ideas of any business now.
I have landed properties,I am also thinking of starting of building my house.
Please help me with advice 🙏🙏
How many rod you fit buy with 3million. Not to talk of cement.
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Alusiizizi(m): 2:20pm On Mar 18, 2025
Roseodd:
Please I urgently need advice.
I would have love to start a business,but I don't have ideas of any business now.
I have landed properties,I am also thinking of starting of building my house.
Please help me with advice 🙏🙏
With 3 million the only thing that you will be able to build is foundation, after which you can eat garri and sand until the next 3 million cashout. Don't be foolish, invest in a business.
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Roseodd(op): 2:53pm On Mar 18, 2025
silibaba:
How many rod you fit buy with 3million. Not to talk of cement.
Forget about that one.
I have spent 3million previously on the foundation,this 3 million will go far at least
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Roseodd(op): 2:54pm On Mar 18, 2025
Alusiizizi:
With 3 million the only thing that you will be able to build is foundation, after which you can eat garri and sand until the next 3 million cashout. Don't be foolish, invest in a business.
I done with the foundation already, 6 months ago
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Kaymicheal852: 3:00pm On Mar 18, 2025
Life can be a trap sometimes I have been in that exact situation 4 years ago , I start a building project and open a salon ( I have previous experience by learning Barbing salon for almost 2 years)

I don’t regret any of my decisions but if I have the experience and exposure I have now I’ll do better with the money , if you don’t have previous experience in any business just take the money to your site and secure it there or else you will probably lose it all
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Roseodd(op): 3:09pm On Mar 18, 2025
Kaymicheal852:
Life can be a trap sometimes I have been in that exact situation 4 years ago , I start a building project and open a salon ( I have previous experience by learning Barbing salon for almost 2 years)

I don’t regret any of my decisions but if I have the experience and exposure I have now I’ll do better with the money , if you don’t have previous experience in any business just take the money to your site and secure it there or else you will probably lose it all
Thank you very much boss.
I am going to continue with the project,at least I will know I have spent 6 million altogether.
I go day see my money with my eyes
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Dronedude(m): 3:56pm On Mar 18, 2025
Sow it as a seed and thank me later with your tithe.
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by christejames(m): 3:58pm On Mar 18, 2025
Reinvest 60% into the business and use the remaining % to start up a building project...




Let me expatiate, don't just rush to start the building project now, reinvest the both percentages I stated into your business business and separate the profits, giving yourself some timeline to start the building project, may 6 months or one year or thereabout.


When the time to start comes use the full profits from the 40% to start the project the The other % 50 can be divided, one to be added to the project why the other reinvest into the business.


Do this until the building project is complete so that it won't affect your business.



Good luck!
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Dpaulie(m): 3:58pm On Mar 18, 2025
Business
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Dhoneymix: 3:58pm On Mar 18, 2025
Yes
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by theophorus(m): 3:58pm On Mar 18, 2025
Since you have complete the foundation, please continue with the building.
Since you don't have idea of business for now.

Complete the building ASAP before thinking of business again.

Roseodd:
Please I urgently need advice.
I would have love to start a business,but I don't have ideas of any business now.
I have landed properties,I am also thinking of starting of building my house.
Please help me with advice 🙏🙏
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by sofeo(m): 3:59pm On Mar 18, 2025
As the spirit leads bro.
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Treadway: 3:59pm On Mar 18, 2025
3m will not finish your house except na room and parlour you wan build start to finish (even this one sef no sure in this economy).

After building, what next? Blocks and cement are not edible o.

If ALL you have is 3m, the sensible thing to do is invest. If you still have steady flow of income in addition to the 3m already at hand, you may consider building, although like I already said above, if you aren't looking to build something very small, then make e no shock you say that 3m no go pass lintel o. Also, finishing and roofing na I'm dey cost pass. Bricklaying phase na mere warm-up
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by ALISMILE(m): 3:59pm On Mar 18, 2025
Since you don’t have a good business idea, build a house in a location where you can later resell to make money
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by bankyblue(m): 3:59pm On Mar 18, 2025
Play 2 odds
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Watianoengineer(m): 3:59pm On Mar 18, 2025
Start a business. 3 million can't even build you a standard shop with the reality of the economy
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Skyfornia(m): 3:59pm On Mar 18, 2025
I'd like to learn too
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by Freshtruth(m): 3:59pm On Mar 18, 2025
Your 3million no feel reach some people eat for 3months talk more of starting a building project u dey wine? Just go start up fish pound business
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by ptolemy1: 4:00pm On Mar 18, 2025
Go an eat food with your 3million.
In this great tinubulation 3million cannot start a business or build a single room
Re: Should I Use My 3million Naira Start A Business,or Start My Building Project by oche2020: 4:00pm On Mar 18, 2025
OP from what I read, it seems you already have your mind made up, you know what you want to do, you just want to see what people will say, so no matter what advice you get from here, you will still follow your mind. Congratulations and good luck as you follow your mind sir.
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