₦airaland Forum

So, now tell us wetin you come do for the friend abi na just smart or hard ways to hustle you only want to talk about ni

nurey:
Everybody wan live for city, this same keke nah hot cake for village, i know a guy that makes 20k within 3hrs from 4am to 7am just hauling farm produce to market.

I always pray everyday that i left Lagos for village because what i have achieved in village, i cannot achieve one tenth of it if i was still in Lagos.

I worked in Abuja for 3 years, couldn't even feed well, left for the villa and bought a good car in less than 7 months fully paid for. Life's good now, I can do whatever I want to do.

nurey:
Everybody wan live for city, this same keke nah hot cake for village, i know a guy that makes 20k within 3hrs from 4am to 7am just hauling farm produce to market.

I always pray everyday that i left Lagos for village because what i have achieved in village, i cannot achieve one tenth of it if i was still in Lagos.

My brother Uncle relocated to the village after several please for him to shuj the idea, today his built his house, has a transportation business and many have started heading home from those who advised against it.

Bentacur007:
Which village abeg
I want to invest there

Delta State

Nten:
So the basis of the post is that your previous advice for the Keke to be sold have been actualized.

When you buy a Keke you would understand better.

buttlover:
Well, Keke is helping me a lot. I drive mine by myself. It can only become a burden if you don't keep maintenance money aside and if you have family.

This is the essence, transportation business if you wouldn't drive it yourself it will end in premium tears.

IyaTola:
When you buy a Keke you would understand better.

Me I thought that is what is in vogue now. People purchasing brand new or hire purchases for the transportation business. I wonder how yours is problematic.

nurey:
Everybody wan live for city, this same keke nah hot cake for village, i know a guy that makes 20k within 3hrs from 4am to 7am just hauling farm produce to market.

I always pray everyday that i left Lagos for village because what i have achieved in village, i cannot achieve one tenth of it if i was still in Lagos.

What you have said boils down to the same "working smart". Owning a Keke is not enough. You need to have a plan on how to utilise it.

IyaTola:
Delta State

Okay

Nten:
Me I thought that is what is in vogue now. People purchasing brand new or hire purchases for the transportation business. I wonder how yours is problematic.

You can venture into it and come back to this comment in 6 months

But many still make huge income from this same keke. May it wasn't working for you and friend. It's just to change hand then.

May heaven see him through

nurey:
Everybody wan live for city, this same keke nah hot cake for village, i know a guy that makes 20k within 3hrs from 4am to 7am just hauling farm produce to market.

I always pray everyday that i left Lagos for village because what i have achieved in village, i cannot achieve one tenth of it if i was still in Lagos.

just for mental health alone city no be it

nurey:
Nah it is all these haulage tricycle. he got it on Hire purchase for 1.8m paid it off within 1yr and half, he owns it now. He doesnt use it daily, only on market days. Besides keke use in village has more demand than supply, there are many people who need the services here but very few keke to handle those tasks.

Ok.
Thought it was an everyday thing.
Nigerian roads,terrain and the kinds of goods he is using the keke to carry was not what keke was built for.
Sometimes when I see all these nigerian buses,keke or cabs that ply their routes on nigerian roads 10-20 times daily, Mondays to Saturdays at least, I just wonder how they manage to keep those machines functional.

ajalawole:
korope has more second hand value then keke sir. Keke after 2yrs is trash

I think this is where business mgt knowledge is needed- specifically Cost accounting in this case..
So if u know that d Keke is scrap after 2yrs, then u must divide the Keke cost by 24months to get monthly depreciation expense.. and then with the avg monthly maintenance expense,.monthly fuel, levies and all other expenses must be totalled and compared against the monthly income to see if it is profitable or not..
Also, if from above, it is profitable, u have to set aside an amt equal to the monthly depreciation in an account u won't touch so that at the end of 2yrs after the Keke has become scrap(according to u) u can buy another Keke. @obaxxx, @sonnobax15, @maasoap, @ajalawole

being:
I think this is where business mgt knowledge is needed- specifically Cost accounting in this case..
So if u know that d Keke is scrap after 2yrs, then u must divide the Keke cost by 24months to get monthly depreciation expense.. and then with the avg monthly maintenance expense,.monthly fuel, levies and all other expenses must be totalled and compared against the monthly income to see if it is profitable or not..
Also, if from above, it is profitable, u have to set aside an amt equal to the monthly depreciation in an account u won't touch so that at the end of 2yrs after the Keke has become scrap(according to u) u can buy another Keke. @obaxxx, @sonnobax15, @maasoap, @ajalawole

Well said. Every business is about having a solid record of every income and expenses to know how far and how well