₦airaland Forum

I was given 500,000 naira to start a business,plz advise me on which business to invest it on

Nairabet

Depends on your location. Selling provisions could be a great idea

I would have , that's if I knew what advuse meant

seancharles:
I was given 500,000 naira to start a business,plz advise me on which business to invest it on

Human needs are boundless or limitless, meaning there will always be a high demand for certain commodities.

My advice to you is that you shouldn't venture into a business because you think it is lucrative or your friend told you so, rather look out for human needs to be satisfied in wherever you're residing, and provide a product to satisfy the identified need.

Business is a game, your innovation and strategy determines your success.

Good luck.

I will suggest you take a walk t any market around your area to see areas that you feel may be good to you due to patronage from buyers. If possible you can take a month or so to learn about the business before jumping into it. Don't just think of immediate gains but how sustainable the business can be. One more thing, think of a business you can get atleast 1000 customers a month at a net profit of N100 or N200 per customer. That will give you N200 X 1000 = N200000 monthly. Just think. I wish you the best. God bless.




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