₦airaland Forum

.vry correct..abeg wat kinda biz can one do,and any idea where i can get a loan without collateral cos i dnt hav start up capital

Nihilist:
This article is so wrong I dont even know where to begin

1. The average employee typically works a 5 day week or roughly 20 days in month. I completely disgree with the premise of the OP's dubious calculations, but even if the calculations were grounded in some sort of logic, shouldn't the OP be dividing by 20 instead of 30?

2. The OP also misses the point by comparing an employee and his steady income to Hawkers,Truckers etc with their irregular cash flow. Again I doubt the veracity of his stats with regards to the earnings of hawkers, truckers and co, but even if the stats were true, The OP still fails to consider that even though the Hawker could earn 2000 Naira in a day, he/she is not guaranteed an income of 120k per month unlike the Banker

The crux of the OP's assertion is Business Owners have the potential to earn more than employees. The OP fails to consider the level of risk that these entrepreneurs are exposed to.

For the vast majority of people, it is better to go to work and be guaranteed your 300k monthly salary jejely, than to go and out hustle with no true knowledge of when the next paycheck is coming.

Your a very intelligent man!!!!

Its still the same thing if I have to employ a graduate too and also derogatory to the employee' rep. What I only see here is how government can benefit. I am tired of always giving. Capitalism is really evil. Gash

hahn:
By starting your own business, you create employment for graduates thereby reducing the stress it would take the government to find jobs for them.

dearpreye:
That's good. Now take all the time in the world to read and understand it. I'll also suggest MONEY WONT MAKE YOU RICH by Sunday Adelaja. Good luck.

thanks

sniper1305:
Gud write up OP, I am a mobile police coperal collecting 46k 4rm federal govt, tank God I was able 2 starve mysef & save some money 4rm my salary & my allowance 4rm d bank I was attached to, then took loan 4rm bank & bought a faragon bus, 2day I make between 8-10k daily. Dats like 5times my salary

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N46k is your basic allowance.

How about roadside benefits?

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This post is so enlightening that I had to share it with my Bbm friends. This is why I don't envy everyone that says that they have a job and earn salary. Some people work and can't pay bills with what they earn. Someone that makes 50k a month for example, 100k in two months... How does such a person feed , clothe, transport themself and live comfortably? Talk less of someone who earns way less. Nothing beats entrepreneurship at the end of the day. Even some cab drivers make more than an average banker or teacher in a month. It's always safe to have a back up while you have a major job.

hahn:
I got this from facebook and thought it is worth sharing



Source: https://m.facebook.com/story.php?story_fbid=10208363981207537&id=1545267988

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I am surprised that you did not factor in salaries in arrears.

6 months of unpaid salaries will bring the average daily earning to near zero.

Is there a reason why you included the weekends in your calculations?

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400billionman:
A businessman making N200,000 a month is 4 times better than a banker making same amount.

Why ? Time management. The businessman spends his time thinking of areas to invest his N200,000 to make more money in a continuous cycle while the banker spends his time thinking of how to retain his job by making more money for his employer (the bank )..

Over 10 years the businessman will definitely have a house and even tenants while the banker is still a tenant.

@Nihilist. Methinks we should also consider this assertion and the Op's points. All of ur contributions are ok. Just that the higher u go up on the corporate ladder it appears u earn higher. But then those entrepreneurs have a lot of time in their hands that often tranlates to better deals and new shops within a few years. Generally, emplyed people seem to be ahead initially, but over the years the entrepreneur overtakes them queitly. And u know one things, nobody ever bothers or looks up to dt shop owner that wears slippers or sandals around. They always look up to the ones in the corporate world to share their money. The other guy answers to himself and lives a very simple life that does not seek to impress anyone. The corporate world guy needs to live a kind of life that at least matches his status. So let's consider all ur points and x-ray them carefully looking and the pros and cons of each.

Evathyst:
Oga, you don't have to chastise him for stating his personal opinion. Afterall, it's his personal opinion.


The great British writer Doris Lessing once opined; 'Think wrongly if you please, but in all cases, think for yourself'. I as a person for instance once taught in a school where I was being paid handsomely, but because I don't have passion for the job, I had to quit to become a make-up artist. Not because of the opportunity of earning better, but because I want a creative but flexible work.


Bottom line is 'One should engage in any job that one has the passion for'. So long as you're content with the working conditions, proximity, and your income. What else? Must everyone become an entrepreneur?


Peace!

Hmm.... What if d job u have passion 4 is not available either by reason of vacancy, absence of start-up capital or lack of necessary equipment & space?

Walkopet:
[size=18pt]Nairalanders, Abeg who help me see sile12, e don tey wey I see d guy's post last o[/size]

He deactivated his account since. I think he complained of Seun not being just in terms of threads making front page (as if they pay those whose threads make front page). He accused Seun of pushing more threads relating to celebrities especially Tonto Dike (which he was actually right though) than his seemingly educative threads.

warrior101:
Its still the same thing if I have to employ a graduate too and also derogatory to the employee' rep. What I only see here is how government can benefit. I am tired of always giving. Capitalism is really evil. Gash

So, you'd rather be on welfare?

InvertedHammer:
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I am surprised that you did not factor in salaries in arrears.

6 months of unpaid salaries will bring the average daily earning to near zero.

Lol. Terrible. No comment

Is there a reason why you included the weekends in your calculations?

Most entrepreneurs work Monday-Sunday 24 hours a day. Even when an entrepreneur is lying down on his bed with his blackberry in his hand at 2am in the night, he is working

.

dearpreye:
I divided my monthly pay by 30 and it appeared very meagre. My boss, it's time to be more serious and deliberate with the issue of money. I just can't wait till 2016.

Hi!

I am also looking to change my story in 2016.

I have an opportunity on my hands which I hope to leverage on. If you would like I could share the opportunity with you and if its something you are interested in, then we can work together.

If you have the time, please contact me on whatsapp 08171376796

Ganoderma:
Hi!

I am also looking to change my story in 2016.

I have an opportunity on my hands which I hope to leverage on. If you would like I could share the opportunity with you and if its something you are interested in, then we can work together.

If you have the time, please contact me on whatsapp 08171376796

That will be nice. You may share it here, IF you don't mind. If you do, send me a PM then.

dearpreye:
That will be nice. You may share it here, IF you don't mind. If you do, send me a PM then.

I'll send you a PM

Ganoderma:
I'll send you a PM

Fair. Go ahead.

dearpreye:
Fair. Go ahead.

Waiting for your response

Ganoderma:
Waiting for your response

Done.

Thanks for sharing this thread, hahn.

dearpreye:
Thanks for sharing this thread, hahn.

Haba boss, na your hand I learn am oooo We all have to do our own little part in motivating and inspiring ourselves to become better than we are.

What really struck me by the post was the daily break down of income and it really inspired me to question my own daily output. I only felt other people could be inspired by it. It is obvious that as a people, our level of productivity is relatively low compared to developed countries. And to imagine that governors are contemplating reducing the minimum wage

dearpreye:
Done.

I've not seen anything yet.

Anyway, I'll tell it here even though its against my better judgement.

I wont go round in circles. I'll just go straight to the point.

The opportunity is based on sales and networking.

I know you would say you don't have time to start talking to people, but I have been working on a system that would minimize contact with people at least until you start seeing good results.

Part of that system is what I am currently using to talk to you now. Imagine that you were to join me in this business it means I would have invited you without even seeing you face to face.


If you are up for it, I could invite you to our next seminar so you can have a good idea of the whole setup.

hahn:
Haba boss, na your hand I learn am oooo We all have to do our own little part in motivating and inspiring ourselves to become better than we are.

What really struck me by the post was the daily break down of income and it really inspired me to question my own daily output. I only felt other people could be inspired by it. It is obvious that as a people, our level of productivity is relatively low compared to developed countries. And to imagine that governors are contemplating reducing the minimum wage

I was also incensed by that daily output computation. I think that's the most important aspect of the article, though some other parts didn't really hit the nail on the target. All in all,I got the most relevant part. After that computation it became very clear I have some serious catching up to do.

We can't compare our output with those serious nations like Japan. The work ethics and output of these people is something else.

By Q1 2016, I should have increased my daily output by at least 20%......Thanks brother.

sonofananimal:
your analysis is good but your comparative is wrong.

SOMETIMES we entrepreneurs don't always receive that amount of money on a daily basis. is just all about saving and how you invest on your business.

It depends on the kind of business you do, like me i own a Bakery with 2 outlets,when i started in January,i was producing the sliced bread but i found out that supply was more than the demand, so i switched to the unlabeled bread(agege) that won't be treated like a commodity and will have a fair share of the market,now we bake a minimum of 5 bags of flour daily from each of our outlets because of the demand and even with a better profit margin.
So you have to carefully choose your business and the best model for it.

400billionman:
A businessman making N200,000 a month is 4 times better than a banker making same amount.

Why ? Time management. The businessman spends his time thinking of areas to invest his N200,000 to make more money in a continuous cycle while the banker spends his time thinking of how to retain his job by making more money for his employer (the bank )..

Over 10 years the businessman will definitely have a house and even tenants while the banker is still a tenant.

So what will the salary earner (the banker) be doing with his salary of ten years if a business man than earn the same amount can own a house? You don't know business very well, how many businesses survived the last ten years in Nigeria?

InvertedHammer:
/ N46k is your basic allowance.
How about roadside benefits?
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Good question

ableguy:
So what will the salary earner (the banker) be doing with his salary of ten years if a business man than earn the same amount can own a house? You don't know business very well, how many businesses survived the last ten years in Nigeria?

I am not here to argue.

If your business fails, then you are not a businessman. How many bankers with 10 years experience own their residences ? Answer sincerely..

Any businessman who has only one line of trade ( mono product ) for up to 10 years is likely to fail. Being in business entails flexibility and foresight.

400billionman:
I am not here to argue.

If your business fails, then you are not a businessman. How many bankers with 10 years experience own their residences ? Answer sincerely..

Any businessman who has only one line of trade ( mono product ) for up to 10 years is likely to fail. Being in business entails flexibility and foresight.

But you didn't answer my question, if a business man earning 200k can own a house in the period of ten years like u said what is the banker then doing with his salary?

I can see yhu are vry sick in ur upstair, do I look like dos men in black colectin 20naira 4rm motorist? No wonder u stil remain jobles

InvertedHammer:
/
N46k is your basic allowance.

How about roadside benefits?

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InvertedHammer:
/ N46k is your basic allowance.
How about roadside benefits?
\

He is a mopol attached to a bank.

sniper1305:
I can see yhu are vry sick in ur upstair, do I look like dos men in black colectin 20naira 4rm motorist? No wonder u stil remain jobles

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Why are you angry? I am not the one that send you people out there with guns to extort money from hapless citizens.
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