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Palm Oil Biz.. How I Lost My First Capital - Business (5) - Nairaland

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Re: Palm Oil Biz.. How I Lost My First Capital by Nobody: 3:41am On Aug 11, 2017
Same here
dyemida:

Please interested in delving into the business. I would sure need your expertise and experience on it.
I would really appreciate it.
Thank you in anticipation.
07014548520
Re: Palm Oil Biz.. How I Lost My First Capital by dyemida(m): 8:02am On Aug 11, 2017
menwongo:

i can coach you. use these months to study your market, till February next year when palm oil price will come down
Ok. Thank you very much.
I would look forward to that.
Re: Palm Oil Biz.. How I Lost My First Capital by TUBLEZ(m): 8:31pm On Aug 17, 2017
For supply of fresh quality palm oil call or watsap TUBLEZ AGRO-ALLIED on 08121680787
Re: Palm Oil Biz.. How I Lost My First Capital by deafeyez: 10:29pm On Aug 17, 2017
Oluwapresley:
In the last one week, I've read two very strong posts condemning salary earners and encouraging entrepreneurs/investors. In this one week also, I've also seen the amount of praises given to such write ups.
I also want to praise entrepreneurship! Yes, but constructively!

Its funny how everyone nowadays gives numbers and statistics on how entrepreneurs make millions monthly but won't say everything that entails those numbers.
My mother used to say; "at the end of every year, people see you sell Christmas chickens and they help you count all the money you are making from afar based on every customer that comes... But that's all they would ever know.. What comes in from afar"

That's the kind of picture people paint with almost everything. They paint from a far!

Of course, this call for entrepreneurship/investors is a very good call; however, they are called investors/entrepreneurs for a reason! You can't give what you don't have.
Or should I say you can't invest what you don't have!
But these posts have Sooooo condemned salary earners and painted sooo ugly a picture about salary earners that no one wants to be a salary earner. Which is a good thing actually but the resultant effect is a negative drive! Yes, a negative drive! People see the numbers you come up with..... I saw a post about a "danfo driver" who makes 1 million naira monthly..lol but the danfo driver never came out to say he makes 1 million naira monthly; our so-called clamourers for independence calculated his income for him..

This creates a negative drive.. That even those who don't have anything to offer start to say I want to be an entrepreneur.
Oh, or you think investing entails only money?
Investment entails a lot of things, man! From money to time, to knowledge, experience, the right people, luck etc. You can't give what you don't have. You can't invest what you don't have, if not, the result effect is failure!

Starting up something on your own requires sincerity! Are you ready for this?
They calculate how much u can make if u were alone..
But I also know a lot of business owners that have lost sooo much and committed suicide!
I know of guys that wasted all their money and time pursuing something for the wrong reason.

Investopedia says there is a difference between business owners and entrepreneurs. Not every business owner is an entrepreneur. There are differences and 1 of the difference is "innovativeness''.

If I happened to go back to my 100L days, I probably would Ace all my papers. If I go back to my primary school days, I probably wouldn't go to school at all and I will sit for exams and take the first position!
Why do u think this is so?
Its called growth!!

There are some guys that would go back to their primary school days and wouldn't still be able to pass their exams..

And there were some other guys that aced everything right from the start..

We need to understand that we are different.. You can't all go at the same pace. Some people need to grow. Grow in knowledge, wisdom, skills, abilities before they can actually do something.. If not, you are only Gonna fail and end up aving a negative mindset about starting up.

We need to realise that salary earners in that sense are also starting up something.. Its not always only about the salary. There are other ingredients you get even as a salary earner to be able to start up something..


I think these posts should be clearer. Sometimes, you have to be a salary earner before you become the almighty investor..
It doesn't mean I've forgotten my dreams.

My mentality might be messed up.. But this is exactly how I feel..

I do appreciate your thoughts and contribution to what the OP wrote. However, i don't think the OP condemned salary earners entire, however, there are those who doesn't need to go into business if you earn 500k per month.
However, because of lack of jobs, business come into play. I personally, am looking for a business to invest because with my current salary, i am not growing and cannot raise a family with it.
The important thing is to take the lesson from the OP's post and work on it so as not to fall as the OP.
I totally agree with you that not all should venture into business. I tried operating MerryBet but it did not go down well and the business couldn't stand. I am still studying what led to that and possibly amend things.
Pls encourage people to invest and also, learn a skill.

1 Like

Re: Palm Oil Biz.. How I Lost My First Capital by TUBLEZ(m): 10:14am On Aug 18, 2017
deafeyez:


I do appreciate your thoughts and contribution to what the OP wrote. However, i don't think the OP condemned salary earners entire, however, there are those who doesn't need to go into business if you earn 500k per month.
However, because of lack of jobs, business come into play. I personally, am looking for a business to invest because with my current salary, i am not growing and cannot raise a family with it.
The important thing is to take the lesson from the OP's post and work on it so as not to fall as the OP.
I totally agree with you that not all should venture into business. I tried operating MerryBet but it did not go down well and the business couldn't stand. I am still studying what led to that and possibly amend things.
Pls encourage people to invest and also, learn a skill.
Well said.. Work pass work, some salary earners earns above 200k per month but out of 100% maybe only 20% earns at that region, the average salary of a Nigerian graduate starts from 30-50k per month. My last place of work i earn 40k, after tax and pension has been deducted i go home with 36k, Spend #500 on transportation mon-sat and i Wil eat pay house rent and other utility bills. My write up never condemned any salary earners few of us were lucky to hv a juicy job and everyone of us can't be an entrepreneur but at the same time if u hv a well paying job today it doesn't stops u investing or has another source of income.

1 Like

Re: Palm Oil Biz.. How I Lost My First Capital by TUBLEZ(m): 8:51am On Aug 26, 2017
Don't forget to contact us for ur palm oil needs.. We do delivery within lagos
Re: Palm Oil Biz.. How I Lost My First Capital by TUBLEZ(m): 10:31pm On Sep 07, 2017
Adulterated palm oil is in circulation now especially in Lagos... Watch what u eat, health is wealth.. Always buy good quality oil from a reliable source.. Contact us today for ur fresh palm oil call or watsap 08121680787
Re: Palm Oil Biz.. How I Lost My First Capital by Mrsyakubu: 6:43am On Sep 18, 2017
bizgenius1:


Pls do u loan people in Ibadan?
Re: Palm Oil Biz.. How I Lost My First Capital by EngrIKEM: 8:46am On Sep 18, 2017
Boss i finished service this yr and as it stands now am into it, i av my main market at minna then jos but want to learn more from you can we discuss more on it cos it seems u av much ideas than me when it comes to oil business thanks in anticipation
Re: Palm Oil Biz.. How I Lost My First Capital by TUBLEZ(m): 4:19pm On Sep 18, 2017
Okay sir
Re: Palm Oil Biz.. How I Lost My First Capital by EngrIKEM: 8:09pm On Sep 18, 2017
Boss this my number 07031092329 u can add me up or drop urs for me
Re: Palm Oil Biz.. How I Lost My First Capital by Nobody: 9:36pm On Sep 18, 2017
TUBLEZ:
Adulterated palm oil is in circulation now especially in Lagos... Watch what u eat, health is wealth.. Always buy good quality oil from a reliable source.. Contact us today for ur fresh palm oil call or watsap 08121680787
This is sad news
Re: Palm Oil Biz.. How I Lost My First Capital by zamirikpo(m): 8:35am On Sep 19, 2017
Partnerbiz2:
Palm oil biz, recharge card biz, etc. Thats all u see on Nairaland.

No biz idea here bro..

You are here again with ur wahala.......
Re: Palm Oil Biz.. How I Lost My First Capital by TUBLEZ(m): 6:18am On Sep 22, 2017
Lol
Re: Palm Oil Biz.. How I Lost My First Capital by darexkey(m): 8:26am On Sep 23, 2017
Most startups and businesses fail to secure funding because they don't know how to create a captivating Executive Summary and well detailed financial projections to present their ideas, businesses or start-ups. They fail to get investors because their Executive Summary is boring and doesn't captivate the interest or attention of an investor.

We will work closely with you to understand your goals and vision, research your markets and competitors, develop your business plan and create a very catchy Executive Summary. We will help you refine your business model, identify your most profitable customers, and how your sales projections can be improved. We provide an objective view, so your final business plan makes a statement that projects confidence and attracts investors.

Our custom business plans include but not limited to the following:
Executive Summary, Mission Statement, Keys to Success, Marketing & Sales Strategy, Objectives, Market Analysis Summary, Target Market Segment Strategy, Competitive Edge & Analysis, Competitive Summary, Projected Profit And Loss, Cash Flow, ProForma, Projected Balance Sheet, Balance Sheet, Marketing Plan etc.

THE FINANCIAL PROJECTIONS WILL INCLUDE:
- Pre-operating activities and expenses.(includes Initial/Expanding stock, Equipment depreciation table)
- 3 YEARS OPERATING EXPENSES
- 3 YEARS LOAN REPAYMENT PLAN
- 3 YEARS QUARTELY COST FORECAST
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- 3 YEARS QUARTERLY PROFIT AND LOSS PROJECTION
- 3 YEARS OUARTERLY Cash flow Plan (36 Months)
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Re: Palm Oil Biz.. How I Lost My First Capital by engrSED: 2:59am On Dec 22, 2017
We are looking for Palm oil suppliers who can supply at least one gallon (220 litres) and above. Suppliers would supply to us in Abuja. Interested suppliers should call 09071230256.
Re: Palm Oil Biz.. How I Lost My First Capital by Payper(m): 10:47am On Feb 19, 2018
Baba ive been following you for a very long time and I'll like to go into palm oil business but I'll like to seek your advice on it, how can i contact u? Here's my number 07067444368,07063951640 pls I'll be hoping to hear from u soonest, thanks.
Re: Palm Oil Biz.. How I Lost My First Capital by maureen44(f): 11:08am On Feb 19, 2018
engrSED:
We are looking for Palm oil suppliers who can supply at least one gallon (220 litres) and above. Suppliers would supply to us in Abuja. Interested suppliers should call 09071230256.
we can supply u that, our source is from akwa ibom, call 09095094092. Odourless and first grade oil
Re: Palm Oil Biz.. How I Lost My First Capital by maureen44(f): 11:08am On Feb 19, 2018
engrSED:
We are looking for Palm oil suppliers who can supply at least one gallon (220 litres) and above. Suppliers would supply to us in Abuja. Interested suppliers should call 09071230256.
we can supply u that, our source is from akwa ibom, call 09095094092. Odourless and first grade oil[color=#000099][/color]
Re: Palm Oil Biz.. How I Lost My First Capital by RealityShot: 7:34pm On Apr 10, 2018
Oluwapresley:
In the last one week, I've read two very strong posts condemning salary earners and encouraging entrepreneurs/investors. In this one week also, I've also seen the amount of praises given to such write ups.
I also want to praise entrepreneurship! Yes, but constructively!

Its funny how everyone nowadays gives numbers and statistics on how entrepreneurs make millions monthly but won't say everything that entails those numbers.
My mother used to say; "at the end of every year, people see you sell Christmas chickens and they help you count all the money you are making from afar based on every customer that comes... But that's all they would ever know.. What comes in from afar"

That's the kind of picture people paint with almost everything. They paint from a far!

Of course, this call for entrepreneurship/investors is a very good call; however, they are called investors/entrepreneurs for a reason! You can't give what you don't have.
Or should I say you can't invest what you don't have!
But these posts have Sooooo condemned salary earners and painted sooo ugly a picture about salary earners that no one wants to be a salary earner. Which is a good thing actually but the resultant effect is a negative drive! Yes, a negative drive! People see the numbers you come up with..... I saw a post about a "danfo driver" who makes 1 million naira monthly..lol but the danfo driver never came out to say he makes 1 million naira monthly; our so-called clamourers for independence calculated his income for him..

This creates a negative drive.. That even those who don't have anything to offer start to say I want to be an entrepreneur.
Oh, or you think investing entails only money?
Investment entails a lot of things, man! From money to time, to knowledge, experience, the right people, luck etc. You can't give what you don't have. You can't invest what you don't have, if not, the result effect is failure!

Starting up something on your own requires sincerity! Are you ready for this?
They calculate how much u can make if u were alone..
But I also know a lot of business owners that have lost sooo much and committed suicide!
I know of guys that wasted all their money and time pursuing something for the wrong reason.

Investopedia says there is a difference between business owners and entrepreneurs. Not every business owner is an entrepreneur. There are differences and 1 of the difference is "innovativeness''.

If I happened to go back to my 100L days, I probably would Ace all my papers. If I go back to my primary school days, I probably wouldn't go to school at all and I will sit for exams and take the first position!
Why do u think this is so?
Its called growth!!

There are some guys that would go back to their primary school days and wouldn't still be able to pass their exams..

And there were some other guys that aced everything right from the start..

We need to understand that we are different.. You can't all go at the same pace. Some people need to grow. Grow in knowledge, wisdom, skills, abilities before they can actually do something.. If not, you are only Gonna fail and end up aving a negative mindset about starting up.

We need to realise that salary earners in that sense are also starting up something.. Its not always only about the salary. There are other ingredients you get even as a salary earner to be able to start up something..


I think these posts should be clearer. Sometimes, you have to be a salary earner before you become the almighty investor..
It doesn't mean I've forgotten my dreams.

My mentality might be messed up.. But this is exactly how I feel..
this is the simple message I am preaching to our youths since last year:

YOU CAN NOT START BUSINESS WITH OTHER PEOPLE'S MONEY!

START by building your own capital from any job you can get immediately.
Then save up capital and start..
Then you can ask others to invest or loan you money to expand.

BUT you will be surprised how many of them want to listen to that!

They all get business ideas and want to ask for money to "TRY" the idea...
Who be mumu that will give you to try? They don't know how to try abi?

NOTE THAT: TUBLEZ raised the first capital from a JOB! and also raised the second capital from a JOB!

JOB is a source of capital for your dreams!
It maybe slow but but it's sure and with zero interest rates

if you save consistently you can start your business at zero risk as a part time business

Nough-said

TUBLEZ thanks for sharing.. Am motivated to keep saving...
Re: Palm Oil Biz.. How I Lost My First Capital by RealityShot: 8:29am On Aug 18, 2018
OMG look at last seen on this profile https://www.nairaland.com/peeo
Re: Palm Oil Biz.. How I Lost My First Capital by TUBLEZ(m): 3:56pm On Aug 22, 2018
RealityShot:
OMG look at last seen on this profile
https://www.nairaland.com/peeo
19TH OF AUGUST 2018..ON SUNDAY
Re: Palm Oil Biz.. How I Lost My First Capital by RealityShot: 4:41pm On Aug 22, 2018
TUBLEZ:
19TH OF AUGUST 2018..ON SUNDAY
meaning she still visits here to check things out...

I hope we are safe O...

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