post=97327392:


Be Serious For once

What exactly is your question?

Charpell:

Alright, I see your determination. I may consider opening a free mentorship slot come January.

If there is one thing I was though in Andela, is to give back knowledge and mentorship. If i can get 20 serious people with PC and are determined, I may just mentor for free again.

cc Hannania Erojepromise

Please I'm interested and ready sir. I already started self-learning html and CSS long ago, but I allowed academics shot me down. I have a good smartphone and a PC. Thanks

Ok

.

Spectrum22:
I need advice on how to manage my workers.

They steal, they lie, they waste resources. They try to manipulate the records, they take advantage of my tiredness after I close from my place of work.

I never knew my staff were going to be my greatest challenge. It's so frustrating.

I really need help from the more experienced business men.

make the criterias needed for employment harder. Prospective employees would have two guarantor's (in my case, I stipulates that the guarantor's must be a property owner living within the area,). And they have to come visit my little something.A lawyer or policeman would help in this aspect.
If possible, digitalize your inventory and payment so that you can monitor it from wherever you are.
And if you notice inconsistencies in your inventory or financial records, deduct it from their account.You don't pay salaries without reviewing the records.

The most important advice I can give you is to dedicate more time to your business-unless you would still face this challenges

mrkings84:
I started a photo studio in early 2014, it was doing very well as I started acquiring some sophisticated photo equipment like Nikon cameras, Sony HD cameras, printers, lightsI etc, (started doing hiring, and had workers I placed on salary and trainees) started selling photo accessories, such as frames, albums, small printers, photo papers etc) I was just doing well.

Boom.... Buhari came in in 2015, before I knew it, the economy became so bad that photography was no longer a basic need. No thanks to Technology (eg camera phones) that helped spoiled the work....

Today now everything is gone... We are almost starting afresh again.....But God day!!

Bros na better camera phones spoil your business, forget Buhari.

Trustme2:

That's if they have any. Most people can't share their experiences with people cos they don't have anything to share. They can't tell you this was how they went from point A-B.

It is because you never care to listen, or you believe that you have to prove to everyone that your way to success is the noble part and you won't pay much attention when we are telling you how we got there. You are more interested in the now, I not paying attention when I mention that 5 years ago I started with this through that, not realizing that you don't have to follow through that, because I have done that for you.

You never listen bro, you just wanted to do you.

WakeNbaked:

Bros na better camera phones spoil your business, forget Buhari.

My bro there were camera phones B4 buhari came on board. You can only argue this if you are just coming into the country this month since last 10yrs

Sonnobax15:
Bro,lemme drop my bag of pride and be loyal for once.
Bros,how you take do am ?

Be careful, this seem like a strategy to lure you into being scammed of your 100k.

One of the best topic of discussion. I learnt a lot but my little advice is don't employ family members or your church members to your business. I'm a living example

Oktane:


My post may be a bit long but I hope you learn something from it ....no matter how small.

I think your expectations are a bit too steep for someone who wants to embark on a totally fresh path. You talking 10% monthly reward here. While this isn't impossible it most definitely will be a rare feat.

If on the other hand you are investing in the expansion of an already existing business that is making some form of profit then 10% or even more is very practicable.

My suggestion is that you should use like 500k of that money and create a trading business with particular emphasis on something that sells everyday. Trust me several products abound. Most of these products can give you 10% profit per sale and you can turnaround your capital several tines per week.

Right here on Nairaland there are several accounts of businesses that are doing very well. Most of these businesses are not the type that the typical Nigerian graduate will be proud of....and yet they are money spinners.

Some years ago, I employed an ex-banker in my company and only did this for sentimental reasons. He was a poor fit from day one. So I told him that I will allow him six months after which I will terminate. I then advised that he seek out what he intends to do when he leaves me. The man came up with very utopian and impracticable ideas. I just kept telling him to keep it simple. I nudged him in the direction of eggs distribution and he kept resisting his reason being that it is degrading. I even introduced him to Nairaland where a thread by one Blacky provided a detailed guide on eggs distribution.

To cut the long story short, he was swept off high horse last year and he embarked on eggs sales in December 2019. It's amazing that in just one year he is doing very well with a weekly turnover of 1.5 Million with his net profit being about 5% of that amount. What more could be ask for?

I am not advising you to go into eggs sir. I am however suggesting that you look at different FMCG options and choose one that people must buy everyday. Modify how it is being done by the majority and then begin to smile daily to the bank.

There is one I keep looking at everyday and I am just wondering how I can approach it. It's a simple model, fast moving product, 10% daily profit, minimal risk potential and very importantly it has a very affordable start out requirement. To crown it all I am reading a particular thread about it here on Nairaland and the OP is the best.

please sir can you tell me about egg distribution business. I have been trying to get into that business but I have little knowledge of it. I will be glade if you could reply me and give me the link also of the thread you mentioned here( BLACKY) thanks as I get a response from you.

Spectrum22:
I need advice on how to manage my workers.

They steal, they lie, they waste resources. They try to manipulate the records, they take advantage of my tiredness after I close from my place of work.

I never knew my staff were going to be my greatest challenge. It's so frustrating.

I really need help from the more experienced business men.

If you can hire a manager to oversee the business while he reports to you on daily basis. he will help to mitigate their pilfering, and wasteful habit. I can do that for you, if you don't see changes you can terminate my appointment. let me what you think about my proposal.

I will soon become the boss of myself, currently serving my boss, patiently waiting and hoping on the creator for my own time (drug biz)

kelechi50:
One of the best topic of discussion. I learnt a lot but my little advice is don't employ family members or your church members to your business. I'm a living example

you are correct bt itz seems like you are too open to them that while they turn it to their own selfish advantages.

FuckAllTheMODs:
Using my other account to answer this question would have been better because I have a topic similar to this on it.
Reason being I once posted a topoc that hit the fp on how I can start a business with 200k last year or early this year, can't really remember sha.

Funny thing is that 200k x 2 is not even upto the money I spent in renting(the landlord insisted on a 4 years rent) and putting the shop in place for use.

I had a big challenge after setting up the shop for use, I already touched my business capital. Mehn, it gave me sleepless nights.

Little did I know God had a bigger and better plan for me.

In comparison to my earlier budget of 200k, what I have spent is in the million range.

It was made possible by God and my loved ones(family members and relatives).

Fast forward to this year, I started my business in October this year and it has been going well, although there are challenges e.g finance(money no dey do man)

Before I forget, about the profitability part, I can't say anything on that because any money I have I always use it to stock up for now, but it sure have profit.

Maybe with time I will start seeing the profit.

Yeah...
I remember you vividly then...
It was early this year.. I think....



So what do you later set up..
Thereafter...

ehinmowo:


Sorry jawe! I was carried away ni. Yes. And I am throwing myself into it 100%.

Dude reason what nanaoju is saying to you
And act accordingly
You need funding till the level of profitability in business
Even if it's not your regular 9 to 5 job
Yet still think it through bro
Think.

Dpharisee:
I am combining my business with 8-5 job and it has not been easy, my staff have made every effort to frustrate me, that's the greatest problem of business in Nigeria (getting trustworthy personell).
I have had to change staff at different times still they are not sincere, they just want to cheat the system even though I don't delay salary by even a day and I can't quit my job now to stay in the shop permanently.
I even engaged my brother to run the business it became worse as he won't give proper record, telling me how he sold on credit to customers and he started living large.

If you are not the one running the business directly day to day or don't have a strict line of control as a medium range organisation it's not very advisable to venture into it.

I don't know what sort of business this is but a good way of curbing cheating is installing a surveillance system inside the company.

FuckAllTheMODs:
Using my other account to answer this question would have been better because I have a topic similar to this on it.
Reason being I once posted a topoc that hit the fp on how I can start a business with 200k last year or early this year, can't really remember sha.

Funny thing is that 200k x 2 is not even upto the money I spent in renting(the landlord insisted on a 4 years rent) and putting the shop in place for use.

I had a big challenge after setting up the shop for use, I already touched my business capital. Mehn, it gave me sleepless nights.

Little did I know God had a bigger and better plan for me.

In comparison to my earlier budget of 200k, what I have spent is in the million range.

It was made possible by God and my loved ones(family members and relatives).

Fast forward to this year, I started my business in October this year and it has been going well, although there are challenges e.g finance(money no dey do man)

Before I forget, about the profitability part, I can't say anything on that because any money I have I always use it to stock up for now, but it sure have profit.

Maybe with time I will start seeing the profit.

Your last sentence is the end result.
The Bible says, train up a child in the way he should grow, so that when he is old he will...

A new business is a child, you have to nurture and train and mould it to what you want it to become, your business will in turn reward you for all the dedication and commitment.

Be patient a little more.

Paxxcarl:
what business can i venture into to be earning 300k monthly from a capital of 3million naira
i have been buying real estates land and i’m down to my last 4million

You will need a little struggle if it isn't your field.
Get a perfect location.
Start a high class barbershop.
Trust me, this is almost oil money.

Spectrum22:
I need advice on how to manage my workers.

They steal, they lie, they waste resources. They try to manipulate the records, they take advantage of my tiredness after I close from my place of work.

I never knew my staff were going to be my greatest challenge. It's so frustrating.

I really need help from the more experienced business men.

I don't know what sort of business this is but a good way of curbing cheating is installing a surveillance system inside the company.

I started selling tree resin from home late last year. Initially, sells was slow and profit was very low. However I persevered and today, I supply up to 50 tonnes of pure resin to local and foreign companies per week. I am glad I started when I did

@ Mr. Charpell, which domain in [b]programming [/b]and [b]language [/b]can you recommend someone
Tony: whatsapp: 0.8.0.57.55.68.38

JayDaily:
well let me answer this.

Had a relation who was so much into sports betting, lost so much, he was a *siful safant*...

as soon as his salary drops, uncle has a sure game already...

before you know, few days after salary, he quarreling with his family and every one, due to frustration, he was almost always bitter.

Along the line he met a guy in a viewing center around GRA ph. they got talking and got acquainted and that was it.

Guy was a full time into sports and making good off it.

Carried uncle siful safant along and with time, there was changes.

soon Uncle wasn't bitter anymore and everyone was happy with his new self.

I met him in 2015 to show me the way, and he kept me hanging till 2016.

2016 January I almost killed him with disturbance because it wasn't easy for me then.

uncle told me what's up, ask for a 100k capital which I provided and that was it.

along 2017, a strategy was discovered, which we imputed into the system and today we are making more.


so 3 years down the line by Devine grace I'm now contented.

so it hasn't been easy but there's certainly no regrets today.

PS.

Im not promoting this because it can be huge loss when you don't know what you doing.

this has now been a full time business to me and our small circle.

Nice one... Can we talk bro

Dbeautifulme:


Nice one... Can we talk bro

Pm

pmc01:


This is tricky though, but can I recommend?

ok boss go on

Life no easy.
I started my grocery/foodstuff biz last yr March 2019 wit #1m tho I had #2.3m at hand n due to covid-19 there was increased sales dis year so I was able to add selling wholesale drinks August dis year. I tink I v made ova #2m in profit, I am frugal to an extent, I don't spend on clothes n stuff but I spend well on food.
I tink d things dat v helped me are:
1) Good location. (my store is by a major road close to where I live)
2) I stay in my parents Haus so I don't pay rent.
3) I open everyday even on Sundays even on festive period, since d day I started d biz last yr March I v missed only 2 days of biz n d 3weeks wen I went for camp service last yr august but my dad n sales gal monitored d biz while I was gone.
4) I cut out a lot of expenses, dont use an Android phone, so no subscription, bfre I can subscribe 1k twice every month.
5) Trust nobody wit ur biz, nobody can handle ur biz like u.
6) am gud in d biz because I was born into it, my mom also sells foodstuff/grocery.
7) pipu say it's a woman biz, but I don't care cos I mk over #100k profit every month, I spend over #30k on food every month, I won't say don't listen to pipu cos sometimes they might b right, but think hard bfre u mk a decision wit any step in life, e no easy I swr.
Am a graduate, I went for nysc last yr August at kwara, redeployed wit 40k, finish service dis yr July, so allawee helped.
wen I started my biz last yr, my net worth was ard #2.3m, currently am worth ova #4m. I shud b worth more Dan dat but because I used ard #2m to buy land n start building 2flats of 3bedroom per unit last yr, d Haus is at lintel level.
Right now am using my sis phone to comment.
D capital was gotten Tru savings bfre I got admission into d University in 2015 cos I was frugal, I opened my first instant acct 2012, so any money I get I save, u will b amazed wat #50 every day will mk in a yr, invested in t-bills in 2017 wen interest was ard 14% to boost savings.

OP, I wish you the best.

I'm also hoping to venture into the same business, I just concluded my NYSC...

currently, I'm undergoing the training and I hope to master the skill and become in it....

OP, I wish you the best.

I'm also hoping to venture into the same business, I just concluded my NYSC...

currently, I'm undergoing the training and I hope to master the skill and become an expert it because we all know the current situation in Nigeria..i.e certificate alone doesn''t put food on one's table...

Here are the pictures of some shoes I made recently..

I just checked dat my last post on dis site was actually a year ago Dec 24th 2019, feels like yesterday.
Time waits for no man.

I started wholesale drinks 24th August dis yr, I bought 500pcks of coca cola products ie coke, fanta, sprite @ #875 per one pack total #437500, resell @ #900 per pack to beat competition in area n cos am a newbie in d wholesale drinks biz so i gat introduce myself wit cheap prices, d profit seem low but I calculated dat if I cud sell 500packs per month, d r.o.i is still better Dan t-bills at 14% per annum, since august i v bought d #500 packs 4 times, am currently on fourth stock wic is currently being sold @#1050 per pack cos d festive period but I got d last stock at #925 per pack tho, no discount cos my supplier claim there is scarcity wic is true.
I v sold Mr V. Plastic water ard 900 packs too, shud v been more but due to scarcity in dis period.
Next year am going bigger.
Life no easy, jus think hard, don't waste ur time, n u will find a way out.

Truth..

SWEET BUSINESS REQUIRES MONEY.

Good job! May God continue to prosper you. Now look for 2 other people to mentor

ikmontana:
Life no easy.
I started my grocery/foodstuff biz last yr March 2019 wit #1m tho I had #2.3m at hand n due to covid-19 there was increased sales dis year so I was able to add selling wholesale drinks August dis year. I tink I v made ova #2m in profit, I am frugal to an extent, I don't spend on clothes n stuff but I spend well on food.
I tink d things dat v helped me are:
1) Good location. (my store is by a major road close to where I live)
2) I stay in my parents Haus so I don't pay rent.
3) I open everyday even on Sundays even on festive period, since d day I started d biz last yr March I v missed only 2 days of biz n d 3weeks wen I went for camp service last yr august but my dad n sales gal monitored d biz while I was gone.
4) I cut out a lot of expenses, dont use an Android phone, so no subscription, bfre I can subscribe 1k twice every month.
5) Trust nobody wit ur biz, nobody can handle ur biz like u.
6) am gud in d biz because I was born into it, my mom also sells foodstuff/grocery.
7) pipu say it's a woman biz, but I don't care cos I mk over #100k profit every month, I spend over #30k on food every month, I won't say don't listen to pipu cos sometimes they might b right, but think hard bfre u mk a decision wit any step in life, e no easy I swr.
Am a graduate, I went for nysc last yr August at kwara, redeployed wit 40k, finish service dis yr July, so allawee helped.
wen I started my biz last yr, my net worth was ard #2.3m, currently am worth ova #4m. I shud b worth more Dan dat but because I used ard #2m to buy land n start building 2flats of 3bedroom per unit last yr, d Haus is at lintel level.
Right now am using my sis phone to comment.
D capital was gotten Tru savings bfre I got admission into d University in 2015 cos I was frugal, I opened my first instant acct 2012, so any money I get I save, u will b amazed wat #50 every day will mk in a yr, invested in t-bills in 2017 wen interest was ard 14% to boost savings.

Dpharisee:
I am combining my business with 8-5 job and it has not been easy, my staff have made every effort to frustrate me, that's the greatest problem of business in Nigeria (getting trustworthy personell).
I have had to change staff at different times still they are not sincere, they just want to cheat the system even though I don't delay salary by even a day and I can't quit my job now to stay in the shop permanently.
I even engaged my brother to run the business it became worse as he won't give proper record, telling me how he sold on credit to customers and he started living large.

If you are not the one running the business directly day to day or don't have a strict line of control as a medium range organisation it's not very advisable to venture into it.

Please sir
Kindly enlight me which kind of business is that sir