What Small Scale Of Business Can Someone Start With N700,000 - Business - Nairaland
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| What Small Scale Of Business Can Someone Start With N700,000 by Pope22(m): 7:29am On Jan 08, 2018 |
My fellow nairalanders, please I need your advice. As a young man of early 30 who wishes to settle down in marriage probably by next year, what business do you think such a person can set up with an amount of N700,000? Advice and insults are welcomed. |
| Re: What Small Scale Of Business Can Someone Start With N700,000 by Donald3d(m): 8:01am On Jan 08, 2018 |
Pope22:What is your passion ?,that's what you are most likely to succeed at . |
| Re: What Small Scale Of Business Can Someone Start With N700,000 by lexyinfo(m): 8:07am On Jan 08, 2018 |
Look for problem people are going through and provide a solution to it.It can be inform of products or services and it has nothing to do with the amount of capital you have.In fact you don't need that much to bring your dream to reality.A lot of guys ask that same question here on Nairaland but they never get any good response. 1 Like |
| Re: What Small Scale Of Business Can Someone Start With N700,000 by Pope22(m): 9:02am On Jan 08, 2018 |
| Re: What Small Scale Of Business Can Someone Start With N700,000 by Pope22(m): 9:03am On Jan 08, 2018 |
lexyinfo:Thanks for such a wonderful suggestion, please do you have anyone in mind? Thanks |
| Re: What Small Scale Of Business Can Someone Start With N700,000 by Fxmanager(m): 4:53pm On Jan 08, 2018 |
Pope22: We are here for you. Your #700,000 can currently give you an average of #35,000+ monthly return investing with us after performance fees. And if you want an average monthly return of more than #653,771+ after 60 months(5years) of your investment with us, you can do so using compound interest in your investment with us. This means after 60 months(5years) of your investment with us using compound interest, you will be getting an average monthly interest/income of more than #653,771 assuming you decide to start withdrawing your monthly interest. This will be possible as long as we stay under our working risk of 5-10% of your capital, and the maximum permissible risk of 30% to your capital. Note: we are doing everything possible to stay under 10% risk to our potential investor’s capital. At 5% average monthly returns using compound interest without withdrawing funds from your account, your #700,000 will grow to more #13,075,430+(13million plus) in 60months(5years time). How is it possible to turn #700,000 to #13,075,430+(14.9million plus) in 60months(5years time)? It is possible through the power of compound interest as explained below. Compound interest is the concept of adding accumulated interest back to the principal sum, so that interest is earned on top of interest from that moment on. The act of declaring interest to be added to the principal is called compounding.(I.e you decide to add the earned interest to the initial principal in the investment going forward) Monthly compound interest formula We are using monthly here ,since we are talking of monthly returns. The formula for Monthly compound interest, including principal sum, is: A = P (1 + r/n) (nt) Where: A = the future value of the investment, including interest(returns) P = the principal investment amount (the initial deposit amount) r = the monthly interest rate(returns) in decimal. n = the number of times that interest is compounded per month (in this case once or one time) t = the number of months the money is invested Note that this formula gives you the future value of an investment, which is compound interest plus the principal. Should you wish to calculate the compound interest only, you need this: Total compounded interest = P (1 + r/n) (nt) - P Or simply Total compounded interest =A-P Let's look at an example Compound interest formula (including principal): A = P(1+r/n)(nt) If an amount of #700,000 is invested with us and we return a monthly interest rate (returns) of 5%, the value of the investment after 60months (I.e 5 years) can be calculated as follows... P = #700,000. r = 5/100 = 0.05 (decimal). n = 1 (since we are compounding it once a month. t = 60. If we plug those figures into the formula, we get: A = #700,000(1 + 0.05 / 1) ^ (1(60)) = #13,075,430 So, the investment balance after 60 months (5years) is #13,075,430 Methodology Step-by-step explained, how we get the #13,075,430. This all revolves around BODMAS and the order of operations. Let's go through it: A = #700,000(1 + 0.05 / 1) ^ (1(60)) Using the order of operations we work out the totals in the brackets first. Within the first set of brackets, you need to do the division first and then the addition (division and multiplication should be carried out before addition and subtraction). We can also work out the 1(60). This gives us... A = #700,000(1 + 0.05) ^ 60 Then: A = #700,000(1.05) ^ 60 The exponent goes next. So, we calculate (1.05) ^ 60. This means we end up with: #700,000× 18.679185894122945668381742854713 = #13,075,430 You may have seen some examples giving a formula of A = P ( 1+r ) ^ t . This simplified formula assumes that interest is compounded once per period, rather than multiple times per period. We have the best currency trading team here to assist you in building your #700,000 to over #13,075,430 in 5years (60 months) (you will be getting an average monthly interest/income of more than #653,771 assuming you decide to start withdrawing your monthly interest after that) and helping you live the life you deserve even without a job. You can give us a trial. This is the best structured, secured and transparent savings/investment you will ever find in this forum. No lock up period on your savings/investments and you can withdraw or close your account anytime. Your withdrawals from our partner broker to your bank Mastercard/Visa debit card takes 2 to 4 days maximum. If you are using ecurrency payment system, it takes 5 mins to the ecurrency payment systems then you can then make instant withdrawals to your Nigerian Bank account using Nigerian trusted e-currency exchanges. You can also use Bank wire transfer. You might be interested in what we offer. We promise a target of average 5-10%+ monthly profit on your savings/investment. Funds in a secured licensed,audited and regulated financial firm. You can monitor your savings/investment anywhere you are in the world 24/7 using any internet enable device. Deposits/withdrawal are 100% controlled by the investor (We only have access to trade your account through the trading platform and not given access to withdraw). You are free to test us with any amount you can comfortably risk before saving/investing fully with us. Statement of account sent to your email daily. working risk to savers/investors capital is 5-10% risk and maximum permissible risk to savers/investors capital is 30%. Visit the link below. https://www.nairaland.com/4265102/currency-trading-journal-avg-5-10 Visit the posts below to learn how to avoid scam and fraud. Learn to check and get the regulatory body's website to verify any company's regulatory status. https://www.nairaland.com/3925379/investments-anti-scam-fraud-guide https://www.nairaland.com/3931027/4-ways-avoid-investment-scams
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| Re: What Small Scale Of Business Can Someone Start With N700,000 by jamaleefoods: 6:16pm On Jan 08, 2018 |
Pope22:There are many business ideas you can tap into. Choose the area or industry you are interested in or you can pm me. |
| Re: What Small Scale Of Business Can Someone Start With N700,000 by jamaleefoods: 6:20pm On Jan 08, 2018 |
Pope22: |
| Re: What Small Scale Of Business Can Someone Start With N700,000 by ZickoZick(m): 7:37pm On Jan 08, 2018 |
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| Re: What Small Scale Of Business Can Someone Start With N700,000 by rhymaholic: 7:45pm On Jan 08, 2018 |
Start a pig farm. It's profitable. If you are in Lagos, you can drive and have a passion in driving, add about 500k more, get a good car and drive on the uber platform. |
| Re: What Small Scale Of Business Can Someone Start With N700,000 by Nobody: 8:43pm On Jan 08, 2018 |
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| Re: What Small Scale Of Business Can Someone Start With N700,000 by kennystones: 7:20am On Jan 09, 2018 |
Pope22:it depends actually. If you are the sports kinda person.you can invest in sports.provide services that people don't have access to.example providing sports clubs abroad.helping in production of highlight reel,helping in getting scholarships.help in organising events, invitation of scouts and partners into the country.many more... Average organisation abroad charges 2500$ per athletes on this services.so....... Also involved in something like this.so if you are interested let me know. |
| Re: What Small Scale Of Business Can Someone Start With N700,000 by Bigdaddy234: 8:53am On Jan 09, 2018 |
Incorporate or register your business/company name with corporate affairs commission through accredited professional with track records. Call Isaac Johnson Eguakun on 08080261582 & 07034672434(WhatsApp) |
| Re: What Small Scale Of Business Can Someone Start With N700,000 by kazolad(m): 10:20am On Jan 09, 2018 |
you can start a mini gas station, just try to learn it first, say two weeks or three is enough, then look for a suitable environment, get a small shop or a container, scale, 8 to 10 bottles of cylinder is okay to start with. My brother, its a very lucrative business, watch your business growing fast in 4 to 5 months |
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