TarOrfeek:


You people that borrow money and not pay back.


Wetin una gain?

obiekunie2:
you didnt tell us how you into the hands of fraudstars.

i guess you went for a fast money doubling - tell us is that betnaija guy on nairaland or you are among the boom or is it doom investors?





TOO MANY IDIOTS IN THIS COUNTRY I SWEARAGAD!

naijaproper:


Laughing so uncontrollably right now.

shogotermies:


Please it's not the joke section..
Advice please,

Promotions:
First sorry your business didn't go well..you made a lot of mistakes.
1)no proper feasibility study before jumping into the business.
2)you didn't seek for professional advice
3) starting a business with loan is deadly, next time seek for investors or partners..
As it is you need to settle your debt with your friend, take it as a lesson and grow above it.. Goodluck

yomi007k:
Did you agree to pay back the loan at once or in installments?
Try and agree on the latter so that you can buy time to pay. If not you may need to give him some form of collateral.

obiekunie2:
you didnt tell us how you into the hands of fraudstars.

i guess you went for a fast money doubling - tell us is that betnaija guy on nairaland or you are among the boom or is it doom investors?





TOO MANY IDIOTS IN THIS COUNTRY I SWEARAGAD!

shogotermies:


You guys judge too quickly,.
I need an advice not stones of insults.

We all do one mistake or the other, thinking of this business is a mistake.
I need some to give me a good advice, not people who judge,while they are no saints

shogotermies:
Hello everyone.Am a guy in in early twenties,.
I wanted a better life for myself, without the help of anyone,.
So I collected a loan from a friend, he lent me a 100k to start the organic skincare business, two months ago.
Which we agreed on an interest of 13.5%, and had it on papers too.
So I was able to make production in two weeks,.
Fast forward.
So I was unable to pay the interest rate of 13.5%, so Iwas able to pay 10%, which is 10,000.
The guy got mad, he was really angry.
But due to d fact my skincare products is just still new, sales was just so poor.
Now I am to pay him, today for the interest unlucky for me I fell into the hands of some fraudsters, I lost my money. But the issue is, I can't pay the interest now, my business isn't showing any positivity. Am frustrated, I need advice on what next to do.
He is now sending me message and insults, thinking am doing this on purpose..


Please mind my grammar and punctuations

shogotermies:


You guys judge too quickly,.
I need an advice not stones of insults.

We all do one mistake or the other, thinking of this business is a mistake.
I need some to give me a good advice, not people who judge,while they are no saints

TheOptimist78:
It's a bad idea to use borrowed money to start a business. Anyways, how much do you have now? So you can use it start a business or you take your products to where people will buy it so you can raise the money.

maasoap:


Nothing bad in borrowing to do business because it's not easy raising your own capital when you are unemployed or underemployed. The most important thing is the nature, source, terms of borrowing and repayment, and the feasibility study of the business.
I started mine with loans. Firstly: interest-free loan from the cooperative and wife.
Secondly: Payment plan over a period of 12 months.
Thirdly: business with low returns but less risky with guarantee of small daily income

NiggasInParis:
My friend don't be stupidd. You just posted a few words and said your business failed! How did your business fail? I was even thinking something tragic had happened...Be elaborate, what did you use that money to do?

GIVE ACCOUNT. Like my friend Akin Alabi saida in his book, Small Business Big Money- Your "friend" doesn't just has the right to be mad he has the right to demand accounts from you! He is your sponsor, your BOSS. At least until you make it and remit his shares!


Skincare niche is a niche that have brought millions to even dummies so long your product works. (I am into it myself, through importation so cop that)

Three things involved
1. You gamble with that money.
2. You did not have a blueprint for promotion and publicity.
3. Poor marketing skills

This is an FP material by the way! Some people need to have sense