₦airaland Forum

1 crypt0 business :
Last year my friend advised me to sell of my btc when it was 124k but i refused thinking it will hit 200k.
I left it in my Wallet and i lost half of my money about 1500 dolls.

2. Physical business.
I started charging business and put someone to manage.
Within 6 months.
The business collapese.
I have learnt a lot that it is better to put your money in mmf or low risk assest than high risk assest.

Hmmm..... E don tey sha. And the thing is, it takes a lot of courage to try again after one failed business venture.

1. I once had a small Cybercafe in a school environment - I was pretty young sha 2014 - the competition was quite fierce... We printed handouts, assisted with admission processing, exam registration and all that.

It was difficult to get a space to put my caravan, before i settled for an off-main road location. Well, it didn't prosper as one hoped. I had to take my stuff back home, and pursued employment.

I've not tried any physical shop business again 😅.... I prefer the freedom of Freelance, remote work - this pulled me to Tech.

I just want to ask.

Who knows about printing business(banners, flyers). Is it lucrative?

Love800:
I just want to ask.

Who knows about printing business(banners, flyers). Is it lucrative?

It is, if...
1. You're in a location that's somewhat busy.

2. You get good machines that will atleast serve for 6 months before requiring parts replacement - one of the frustration my Boss had then when I worked in thay field (then DI machine just new start dey reign) was repeatedly fixing the drum and imaging unit. You go cry red.

3. Good graphics designer

I appreciate.

But apart from printing banners and flyers, what other things do they take part in?
Do they involve in photography too?

Stephen0mozzy:
It is, if...
1. You're in a location that's somewhat busy.

2. You get good machines that will atleast serve for 6 months before requiring parts replacement - one of the frustration my Boss had then when I worked in thay field (then DI machine just new start dey reign) was repeatedly fixing the drum and imaging unit. You go cry red.

3. Good graphics designer

Love800:
I appreciate.

But apart from printing banners and flyers, what other things do they take part in?
Do they involve in photography too?

Not everyone has the startup capital yo set-up a photography studio - since you want to be known for printing, you can add photo enlargement and framing service though - not photo studio, not many people snap pictures in studios these days... Except event coverage

Importation business it was going well although I no get shop
Until someone introduce me to someone for cheaper rmb because I wanted to start selling rmb that was how I got greedy and send this guy my business money and he blocked me everywhere first blurr 😂🤣

Seunpapa65:
Importation business it was going well although I no get shop
Until someone introduce me to someone for cheaper rmb because I wanted to start selling rmb that was how I got greedy and send this guy my business money and he blocked me everywhere first blurr 😂🤣

What's rmb?


12 more characters needed

Gbadugbakun:
What's rmb?


12 more characters needed

Chineese yuan

Many more characters needed

I STARTED BRINGING TOMATOES IN 2012 AND LOST ALL MY FUNDS TO BAD DEALERS IN SASA MARKET IN IBADAN. THOSE GUYS ARE CRIMINALS. TOMATOES HAULAGE BUSINESS IS A NO GO AREA. THOSE HAUSA DEALERS ARE CROOKS

Who has done piggery or poultry? I need their inputs

I once delve into provision business without checking the risk that comes with it. It was a nightmare that keep hunting me till date.

I started a business years ago with 1.5m naira when naira was Still valuable and failed. But as usual, I kept pressing forward. Years later, I learnt why that business failed and started it again, this time around I succeeded massively.

I invested in transport business.inter state transport to be precise, the kind if story the driver use to generate and give to me, people thought I was making money I was I fixing what was never a problem. I ended up selling the sienna

No go there , the return is high but the risk is very high too. Poultry can humble you in one week.

Lawalemi:
Who has done piggery or poultry? I need their inputs

I have failed thrice in 3 different businesses.

The most painful of them all was buying 5 Hummer 18 sitter buses and registering them in my state transport company at the end everything failed. Accidents, bad drivers, one of my buses knocked a lady down and killed her and the bus was held in the police station for more than 15 months before release. THE MATTER JUST LONG.

I finally learnt that Drivers are the most wicked and evil people you will ever meet on this planet Earth, and I learnt never to start any business I have no idea about in this life again.

I thank God that the one I am currently doing is moving very well it has not been easy though.

May God help us

Betem001:
I once delve into provision business without checking the risk that comes with it. It was a nightmare that keep hunting me till date.

What happened really? I use to rate provision and food business oh

Lawalemi:
Who has done piggery or poultry? I need their inputs

the start up is pretty exhaustive

I have learnt that the highest risk factor in any business are human beings

Humans can be terrible

Bought two keke for my nurtw friend member to manage, when time to collect money







NA story every time, I sold the keke scrap

Never let your girlfirned run your business or even have much say

I started a restaurant, I had 2 girls (sisters) working for me and running the place well, my girlfriend came around and managed to make them stop coming ( body language)

She took over and she was actually a chef/cook

In about 2 months, she managed to run it down

I sold the business

Bitter experience

And na ibo girl o but I still love ibo girls nevertheless

DickenClarq:
I have failed thrice in 3 different businesses.

The most painful of them all was buying 5 Hummer 18 sitter buses and registering them in my state transport company at the end everything failed. Accidents, bad drivers, one of my business knocked a lady down and killed her and the bus was held in the police station for more than 15 months before release. THE MATTER JUST LONG.

I finally learnt that Drivers are the most wicked and evil people you will ever meet on this planet Earth, and I learnt never to start any business I have no idea about in this life again.

I thank God that the one I am currently doing is moving very well it has not been easy though.

May God help us

this is a huge loss sorry about it. I'm thinking of entrie transportation business but I'm scarf now because if this. What if I buy new Keke won't I see my money

andy4d2ofus:
No go there , the return is high but the risk is very high too. Poultry can humble you in one week.

true, but with the right management and experience in poultry, you can make fortunes. I’m into the business and have seen worst days but perseverance and passion for the job have kept me and still growing in it.

I sold footwears when i was in the campus and its help me allot plus printing of project copy at cheaper rate because i have no shop no visible location, my computer and my printer was in my friends room, God bless you Dr. Mathew, this help to sustained me in School. I never regret doing any of these business.

Opening a business in Nigeria is risky but if u have another reliable source of income it will be easy for u .

andy4d2ofus:
No go there , the return is high but the risk is very high too. Poultry can humble you in one week.

U said it all, I started one last year though na joint, we had to close it down this year by selling all our pigs as virus don start to enter many farms around

Love800:
I just want to ask.

Who knows about printing business(banners, flyers). Is it lucrative?

Not really. Except you have strong connections to get government print jobs or companies that print regularly. Printing has a lot of overhead.

Considering the challenging business environment in Nigeria, look for businesses with very minimal overhead. Businesses where light or generator won't be required.

Selling poultry and fish feed
Selling eggs
Being a distributor for companies producing consumer goods if you have the money
Any business with little overhead.

The most important thing is to study, know and fully understand the business before you commit huge money into it. There are dues to be paid and you must pay them one way or another, before at a small level, or later when you've committed huge money into it.

Business hardly fails. It's impatient that makes a business fail mostly.
Some people will start a business today and still want it to boom instantly.
Though there're some criteria like location, capital, labour and advertisement that makes business flourish very fast but it doesn't still mean that it'll fail otherwise.you just have to bear it with time and things will start to improve.

I almost left my 9-5 job for a new business. I thanked God that I didn’t, I would have regretted it.

The 9-5 job gave me some balance for three years before the business was able to stand alone

Kingkamba:
I STARTED BRINGING TOMATOES IN 2012 AND LOST ALL MY FUNDS TO BAD DEALERS IN SASA MARKET IN IBADAN. THOSE GUYS ARE CRIMINALS. TOMATOES HAULAGE BUSINESS IS A NO GO AREA. THOSE HAUSA DEALERS ARE CROOKS

Same experience i had with tomatoes business at Mile 12 Lagos.
We even contributed money for this business here on NL.
Tomato business never again !🤧