What Will You Do If Someone Gives You 500k? - Business (4)

What Will You Do If Someone Gives You 500k? - Business (4) - Nairaland

Nairaland Forum › Nairaland General › Business › What Will You Do If Someone Gives You 500k? (12297 Views)

Poll: What Would You Do?

start a business 21% (79 votes)

invest 51% (188 votes)

flex small first 25% (92 votes)

travel 2% (9 votes)

This poll has ended

1 2 3 4 5 6 7 8 9 10 Reply (Go Down)

Re: What Will You Do If Someone Gives You 500k? by Mariangeles(f): 8:36pm On May 16

geoworldedu:
You can't start small again these days. 500k is too small to start any reasonable business. You will end up spending the money for food when hunger strikes.

Oya, kuku start food business, so you can eat from there.

Truth is, if you can't start any business with N500k, you can't start even when more is given to you.

Let's be honest with ourselves; N500k is still a good amount of money.

2 Likes 1 Share

Re: What Will You Do If Someone Gives You 500k? by yaseer111: 8:36pm On May 16

Obogidi:
If someone give you 500k now , what will you do?

A.start a business
B.invest
C.flex small first
D.travel.

expand my current business

Re: What Will You Do If Someone Gives You 500k? by geoworldedu: 8:40pm On May 16

Mariangeles:
Oya, kuku start food business, so you can eat from there.

Truth is, if you can't start any business with N500k, you can't start even when more is given to you.

Let's be honest with ourselves; N500k is still a good amount of money.

Maybe in a village setting sha, because here that I am, shop rent is like 1.5 to 2 m. So how do I start a business with 500k when shop rent is higher?

Re: What Will You Do If Someone Gives You 500k? by yaseer111: 8:40pm On May 16

Mindlog:
I will use the entire money to buy food.😂

women mentality

Re: What Will You Do If Someone Gives You 500k? by Djbond(m): 8:40pm On May 16

Obogidi:
If someone give you 500k now , what will you do?

A.start a business
B.invest
C.flex small first
D.travel.

I'd probably get a fairly used dispatch bike and become my own boss. C'est fini. I no go need to dey answer yes ma or yes sir again

1 Like

Re: What Will You Do If Someone Gives You 500k? by bravehost4u(m): 8:41pm On May 16

I go first remove 150k flex small first. Then I just put the rest as cash flow in my small business

Re: What Will You Do If Someone Gives You 500k? by pocohantas(f): 8:41pm On May 16

Omoluabi16:
hahaha. you know what they say about imo women and beauty. I saw a report of the most expensive brides and mbaise people topped the charts. 😂
M-bi-se people have a reputation.

Indeed they are beautiful. I have heard of their bride price list, but I never see am with my two eyes. It is good that is what you plan spending your grant on.😂

Re: What Will You Do If Someone Gives You 500k? by Blakjewelry(m): 8:44pm On May 16

Obogidi:
can 500k real start a business for dis tinubu regime?

Yes of course.

Re: What Will You Do If Someone Gives You 500k? by OredoPikin: 8:45pm On May 16

Tokshadeen:
That amount is too low for starting a business with no already available map/plan.... But however, it can still start a business that can sustain daily needs like, pos, recharge card sales and the likes....

I can't remember the last time i bought recharge card from someone
P.O.S is no longer a nice business as many people u will buy things from now accept transfers

1 Like

Re: What Will You Do If Someone Gives You 500k? by CodeTemplar: 8:45pm On May 16*

Go to ajegunle or any rugged ghetto and start a ganja café.

Lit it like mosquito coil and charge people token to inhale and exhale. Lol.

That kind of business is what Tinubuonomics has left as options for 500k for most.

Though there are good things to do with such amount.

Buhari once boasted about lifting 90million Nigerians out of poverty with N5,000 each.

1 Like 2 Shares

Re: What Will You Do If Someone Gives You 500k? by bustykasa(f): 8:46pm On May 16

Start production of hair cream and hair dye

1 Like 1 Share

Re: What Will You Do If Someone Gives You 500k? by CaptainFM1: 8:46pm On May 16

I will give my hungry pastor his tithe of 50k first.

1 Like 1 Share

Re: What Will You Do If Someone Gives You 500k? by Mariangeles(f): 8:47pm On May 16

geoworldedu:
Maybe in a village setting sha, because here that I am, shop rent is like 1.5 to 2 m. So how do I start a business with 500k when shop rent is higher?

If you were given a challenge to start a business with N500k, renting a shop should be the last thing on your mind. cheesy

Ready-to-eat food business should be your best bet.
Especially around a busy area.
Food sells anywhere.

2 Likes

Re: What Will You Do If Someone Gives You 500k? by jojothaiv(m): 8:48pm On May 16

tobeezman:
I will first stake N100k on this game that starts by 8pm tonight, If the game enters I can now know what to do with myself.

100k will win me 40m. with N40m, I will know what to invest in so I never get broke again.

NF2GG7

On top draw game, omo, your risk appetite need to be studied..

Re: What Will You Do If Someone Gives You 500k? by geoworldedu: 8:49pm On May 16

Mariangeles:
If you were given a challenge to start a business with N500k, renting a shop should be the last thing on your mind.

Ready-to-eat food business should be your best bet.
Especially around a busy area.
Food sells anywhere.

It's easier said than done. Ready-to-eat food as how?

Re: What Will You Do If Someone Gives You 500k? by Mindlog: 8:49pm On May 16

yaseer111:
women mentality

Your little brain thinking...😂😂

By the way, how much value is the N500k?

Re: What Will You Do If Someone Gives You 500k? by Solofresh2: 8:50pm On May 16

tanigororo:
I'll pay my house rent for 5 years,
I'll buy one GLE 450 series,
I'll Marry 2 more wives,
I'll start 2 companies and employ 50 people,
Then I will invest the rest for future growth.
Does it make sense?

Re: What Will You Do If Someone Gives You 500k? by Mariangeles(f): 8:53pm On May 16

geoworldedu:
It's easier said than done. Ready-to-eat food as how?

Hahahahahaha
See you! cheesy

Like fries? Yam, sweet potatoes, sausages, and the likes.
See, guys are gradually taking over those businesses nowadays.

Re: What Will You Do If Someone Gives You 500k? by VaginaAcademic: 8:54pm On May 16

10 odds will give me 5 million as an investor

Re: What Will You Do If Someone Gives You 500k? by Ibehchizzy: 8:56pm On May 16

Pay my house rent bro

Re: What Will You Do If Someone Gives You 500k? by silibaba: 8:56pm On May 16

Tokshadeen:
Yes it can, you start small and grow

Grow where?

Re: What Will You Do If Someone Gives You 500k? by yinkeys(m): 8:57pm On May 16

Tokshadeen:
Yes it can, you start small and grow

Bot trading is the only thing I think that will genuinely yield tangible profit in one year, legal too.
Most businesses will fail or run at loss in the economic climes we are in.

You never hear say customers no dey like that again because of Inflation
Miscellaneous offline bills, impromptu bills etc
Some customers will plead for credit & you may have no choice but to assist if you rarely get customers lol

Re: What Will You Do If Someone Gives You 500k? by Omoluabi16(m): 8:58pm On May 16

pocohantas:
Indeed they are beautiful. I have heard of their bride price list, but I never see am with my two eyes. It is good that is what you plan spending your grant on.😂

#500k will not do the job. This list I have seen dey fear me. The umunnas sef will not let me pluck their flower on credit. 🥺 On second thoughts make I comot body.

Re: What Will You Do If Someone Gives You 500k? by yaseer111: 8:58pm On May 16

Mindlog:
Your little brain thinking...😂😂

By the way, how much value is the N500k?

I concur

Re: What Will You Do If Someone Gives You 500k? by Tokshadeen: 9:00pm On May 16

yinkeys:
Bot trading is the only thing I think that will genuinely yield tangible profit in one year, legal too.
Most businesses will fail or run at loss in the economic climes we are in.

You never hear say customers no dey like that again because of Inflation
Miscellaneous offline bills, impromptu bills etc
Some customers will plead for credit & you may have no choice but to assist if you rarely get customers lol

Naaaa! Not in this area I'm taking about

Re: What Will You Do If Someone Gives You 500k? by mastermaestro(m): 9:00pm On May 16

Naira or dollars? huh

If it is Naira, take that question to teenagers who are still being fed at home. Any mention of thousand now has to be dollars for it to change something in the life of a Nigerian adult. angry

Re: What Will You Do If Someone Gives You 500k? by Tokshadeen: 9:00pm On May 16

silibaba:
Grow where?

Start first, you will then know where

1 Like 1 Share

Re: What Will You Do If Someone Gives You 500k? by Tokshadeen: 9:01pm On May 16

OredoPikin:
I can't remember the last time i bought recharge card from someone
P.O.S is no longer a nice business as many people u will buy things from now accept transfers

You might be right, but it still sells, that why you see people still doing it

Re: What Will You Do If Someone Gives You 500k? by Tokshadeen: 9:02pm On May 16

geoworldedu:
You can't start small again these days. 500k is too small to start any reasonable business. You will end up spending the money for food when hunger strikes.

That's not true if it's an already existing business

Re: What Will You Do If Someone Gives You 500k? by silibaba: 9:02pm On May 16

Mariangeles:
Oya, kuku start food business, so you can eat from there.

Truth is, if you can't start any business with N500k, you can't start even when more is given to you.

Let's be honest with ourselves; N500k is still a good amount of money.

Many big businesses you see are floating because of loan facility. Not to talk of ordinary 500k.

Re: What Will You Do If Someone Gives You 500k? by Afriifa(m): 9:03pm On May 16

Buy a Laptop, and Register for a Digital Skill
of 6 months.

Re: What Will You Do If Someone Gives You 500k? by razzydoo(m): 9:11pm On May 16

Gbomo gbomo, i too much wink

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