₦airaland Forum

Feeling sad now, my kid sister just called me up and told me she just lost her job with First Bank. I asked her what her plans are but she is confused. Told me she has been able to save up to 400k. Don't know what to tell her to invest in. She lives in ibadan.

ice block production business is been overlooked by many... but has proven to be second to oil and gas nusiness in terms of money.

Thanks

Omonken:
ice block production business is been overlooked by many... but has proven to be second to oil and gas nusiness in terms of money.

Nice but seasonal

afoife:
Feeling sad now, my kid sister just called me up and told me she just lost her job with First Bank. I asked her what her plans are but she is confused. Told me she has been able to save up to 400k. Don't know what to tell her to invest in. She lives in ibadan.

400k and she is worried depends on how strong she is currently. She can start raiding ibadan village for food stuff and sell as a wholesale and also package and sell as retail to her colleagues in the bank for marked up prices. Then they can help put the word out about her goods.

I started my Garri business with 60k a year after it worth 300k now. if she has a saloon or sedan, sell and buy a bus to help ease transportation.

Thanks Oga nurey.

I intend giving her some money to boost her initial capital to a million. Just don't know what business to counsel her on

nurey:
400k and she is worried depends on how strong she is currently. She can start raiding ibadan village for food stuff and sell as a wholesale and also package and sell as retail to her colleagues in the bank for marked up prices. Then they can help put the word out about her goods.

I started my Garri business with 60k a year after it worth 300k now. if she has a saloon or sedan, sell and buy a bus to help ease transportation.

afoife:
Thanks Oga nurey.

I intend giving her some money to boost her initial capital to a million. Just don't know what business to counsel her on

Let her divide the whole money into 4 equal places when you boost it into a million that's 250k each, let her start 4 business with it and see the one that moves, she likes and can interchange each other. eg

1. selling okrika clothes

2. running a hair salon

3. buying food stuff like yam, plantain, palm oil

4. Running a business center.

5. Drink production (zobo, yoghurt, kunu etc)

The one that moves and bring people everyday and is easier for her she can continue those and drop the rest.

Thanks a million for these ideas

nurey:
Let her divide the whole money into 4 equal places when you boost it into a million that's 250k each, let her start 4 business with it and see the one that moves, she likes and can interchange each other. eg

1. selling okrika clothes

2. running a hair salon

3. buying food stuff like yam, plantain, palm oil

4. Running a business center.

5. Drink production (zobo, yoghurt, kunu etc)

The one that moves and bring people everyday and is easier for her she can continue those and drop the rest.