AltarBoy1:
I will have to stop here for now. I welcome any form of question or criticism. But no insults plz.

let me support you with this 2 quotes : 1 show me one salary earner who made into forbs list of richest men in the world , country state local government or community, and i show you how to beat the devil in a lying contest. 2 mugabe once said " if you love your children go home and start a business. Cos your children can only inherit your business and not your job

oweniwe:
AltarBoy1 Wey the light nau?

Na selling you dey do... What if you were into production?

I'm into repacking. No light to power nylon sealing machine. Wetin man go come do? I will sell and use sales money to buy fuel to run gen.. E dey wipe capital. Nigeria is frustrating county

If you say make i but inverter, I don't have 250k to buy robust one

relocate to area where there is light

You are very much on point @OP, this coming year I have decided to go into business after losing my job and I currently have like #800k, I want to go into foodstuffs buying and selling from other places to Lagos.. But the only obstacle I have now is how to get those products from other states at good prices.. Still making my research though and asking people around but only few are cooperating, foodstuffs like yam, rice, beans, garri, plantain, onions, palm oil, groundnut oil etc..

oweniwe:


Person can't just relocate nau. Relocation comes with lot of extra costs. Where I stay here now costs me 96k per annum but if I were to relocate to... Say Abuja or lagos or enugu, same house will cost 300-500k per annum to rent. I will still pay high NEPA bill on top

Like I said, I don't have that kind of money. Like I said, if I have 250k, I'll use it to invest in alternative power and no nepa bill

Lastly nothing is stable in nigeria. When I started, power supply was about 8 hours daily. After the recent grid collapses, only about 3 hours in the night. Ah area can have stable power supply now, next 6 months, the DISCO won't supply that area well again.

So alternative power supply is the way you go

I can help you get the alternative power (Solar panels system)

To me, this is an act of charity. May God almighty bless you. InshAllah.

oweniwe:
AltarBoy1 Wey the light nau?

Na selling you dey do... What if you were into production?

I'm into repacking. No light to power nylon sealing machine. Wetin man go come do? I will sell and use sales money to buy fuel to run gen.. E dey wipe capital. Nigeria is frustrating county

If you say make i but inverter, I don't have 250k to buy robust one

I think you relocate to area where the demand is high.

Hmmm

Nicklaus619:
Thanks op, I have written and printed, my business plan, next is to register my company and kick off, I have worked for close to 8 years now after graduation, nothing very serious to show for it, I need to start my own business and nurture it to grow
Procrastination is what i have been entangled with over the years, but come 2021. I ain't doing that sh!t no more, I am taking a leap of faith come January, 2021 and hoping and praying things fall in place

Brotherly, I also need a buz idea. Never can tell if your buz would suit my environment here

Moneyboyz:
I have 400k right now but do not know what business to do with it

Let's start by asking you what's your passion

One of the best write up I've read in a long while. Very insightful and enlightening.

OP, you've got all it takes as you've venture into it before. I pray and wish you the very best in life. Cheers.

Rickbronz:
Op must have read the 20 laws of money, cos only a handful of people can think the way the op does. If you wish to become wealthy and still on a salary job, then Oyo is your second name.
If you are ready to start up a business that requires hard work and low capital but with a potential to change your life from where you are to where you want to be, feel free to contact me by sending a pm.

Start with your family members

AsapKen:
To be honest, this is a very informative right up. Take your time and read it

Yes

You can never be wealthy living on just salary in this country... starting and owning a business that is legal is the way forward... TAKE the RISK and ESCAPE poverty.

You really have goodwill, may God bless you.

bestmutiu2019:
hmmm nice write up o.p.am into plumbing and tilling work base in ore ondo state,due to low work,I gather like 100k then rent shop around march started okrika business as a side hustle,the time I started business is moving but now the market is not moving again some says that my market is too cost though I sell grade A.I am now regretting starting this business

No, don't regret business is dynamic not static. Why not look at the area and start egg business, bread business, groceries (groundnuts, biscuits and milk)

AltarBoy1:


Well, I dont really know. I really want to have another source of income before leaping out. So far, the little investment that I have made didnt stand. And the capital burnt out. Hopefully this coming year if the country remain fairly stable, I will leap out cos there is another investment that am targeting. Just trying to raise the capital required.

Pray our law makers successfully pass the cannabis bill into law. The world pharmaceutical and cosmetic companies will focus their attentions on Nigeria. Everybody would become cannabis farmer because the income potentials are huge. It would be bigger than the cocoa and groundnut or palm oil revolution of the pre independence era.

AltarBoy1:
I will have to stop here for now. I welcome any form of question or criticism. But no insults plz.

op you have said the truth but you forgot that the rate of heartbreak and failure is also very high. for every success story, there are ten failure stories in business.

Sheriman:

What if the city or town or village or anywhere he later go doesn't favour or move his market and business..

The look for what's move in there na

OP, you have done a wonderful job by dishing out Free but valuable and and information capable of transforming lives.
In this life, I have come to understand that it's the little overlooked , neglected and ignored information or advice keep people poor and make others successful. There's a saying that the difference between the rich and poor is the quality/ quantity of information at their disposal.
I work and own a biz too and I can relate well with your write up.
I didn't waste much time when I got the govt jobs before venturing into biz and I'm very happy today .
Whether salary cap message or not, we keep on waxing strong cos I believe my destiny does not like in the hands of govt. I do attend paid and free biz seminars, listen to biz talks and buy ebooks on biz mgt but believe me, there's nothing different between the seminar contents and what OP is saying.

When I spot someone speaking from experience rather than well-being researched content, I know.
So, let's appreciate the op. It's not easy. That's why most Nigerians doubt anything Free.

Wonder why an average Nigerian would continue to stick by one source of income policy.

2020 has opened my eyes to something better. I lost alot of money earlier due to Covid but now I am grateful to God.

my fellow Nairalanders, open your eyes and listen carefully. Work smart and not hard.

uthlaw:
make I shalaye something for you.as a banker,why can't you buy maize from North when it cheap and resell when the price is high.you can also buy palmoil from East or West depends on your location when it also cheap and resell again when the price goes high....na million business b that ooo but depend on your capital!

Boss, do you have a contact to help out with this palmoil business, I'm a Lagos resident..

,OP, you have done a wonderful job by dishing out Free but valuable and and information capable of transforming lives.
In this life, I have come to understand that it's the little overlooked , neglected and ignored information or advice keep people poor and make others successful.
There's a saying that the difference between the rich and poor is the quality/ quantity of information at their disposal.
I work and own a biz too and I can relate well with your write up.
I didn't waste much time when I got the govt jobs before venturing into biz and I'm very happy today .
Whether salary comes or not, we keep on waxing strong cos I believe my destiny does not lie in the hands of govt. I do attend paid and free biz seminars, listen to biz talks and buy ebooks on biz mgt but believe me, there's nothing different between the seminar contents and what OP is saying.

When I spot someone speaking from experience rather than well-researched content, I know.
So, let's appreciate the op. It's not easy. That's why most Nigerians doubt anything Free.

Abudu2000:
Thats how i went to buy cloths a few days ago here. Made thr transfer but the man said he hasn't seen the alert so just to make me believe me he showed me his recent messages, let me not talk of the 650k i saw but that 25m i saw gave me sleepless night that day. I work day in day out all through thr month and year still yet....... infact lets leave tlk. A salaryman is equivalent to a slave!!

The electrical shop guy in my street is a good friends of mine, he asked me to help bring something in the shop, I stumbled on his daily sales book, this boy is less than 25yrs, the least daily sales figures I saw was 500k, 500k?!!! he has 2 nwa boy serving him.

lekonso:

Govt can't ban betting. Betting has been on for many years. It was called pools in those days and it has been on for many years.

Govt cannot van it because they make a lot of tax from them

AltarBoy1:
I will have to stop here for now. I welcome any form of question or criticism. But no insults plz.

Thanks for your time and effort.

BiggyB242:


A family does well financially when one is an income earner while the other owns a business. OP if you were married trust me you will do twice as better. That's if you marry the right woman.

Hmmm. Thank you guys for this insightful write up and comments. I'm a professional with a very busy schedule, has been able to save some cash and considering sending my wife who is highly entrepreneurial ( but I have been on her neck to do her masters programs ) to go learn animal feeds and production so we can put our 5acres of land to profitable use . The write up has gingered me , I have to proceed as planed . Thanks Alterboy

AltarBoy1:


Well, I dont really know. I really want to have another source of income before leaping out. So far, the little investment that I have made didnt stand. And the capital burnt out. Hopefully this coming year if the country remain fairly stable, I will leap out cos there is another investment that am targeting. Just trying to raise the capital required.

That is wrong .. let me tell you the truth, life is all about risk... I resigned from paid job for my own firm... That's the best decision I have taken

AltarBoy1:
I will have to stop here for now. I welcome any form of question or criticism. But no insults plz.

Op, you are the real man for this, how can one get in touch with those pharmacist you talked about, My younger sister who studied pharmacology want but not been lucky with great jobs due to her course not been a professional one in Nigeria, and are been sidelined by pharmacists, want a connection on how she can start a business in that line...

cayorday89:
You are very much on point @OP, this coming year I have decided to go into business after losing my job and I currently have like #800k, I want to go into foodstuffs buying and selling from other places to Lagos.. But the only obstacle I have now is how to get those products from other states at good prices.. Still making my research though and asking people around but only few are cooperating, foodstuffs like yam, rice, beans, garri, plantain, onions, palm oil, groundnut oil etc..

Hello! don't make the mistake I made.
1. if it means to go and sell for someone for 1 yr just to understand the business
2. You will meet people and understand the measuring style to make abnormal profit
3. They will not cooperate until you do 1

Good one. This is really helpful

OP, I am in same predicament with you, i work 7am -5pm, while on the job I tried two different business, first business I invested N600k, the money went as lost, mind you I earn N60k per month , second business, I collected loan from other sources with my little savings everything amounting into N1m, i invested into second business and it went into the drain, I felt suicidal, but thank God for God, along the line, I discovered that good and successful business are not neccessrily the kind of business you invest millions of naira starting. I learnt Laundry business, learnt every other businesses l can do at the comfort of my seat in the office, I do company registration, Seal, News publication, run advert etc. I told my self, that I will give my self a target and when I achieved that goal before talking of resigning, The goals has been achieved working of saving additional capital, thought really business capital, cos my nature of business dies not really need much capital but skills which I already have.

I got to know of sm websites that help me earn $1 daily which is about 450naira. I thought it was too small, but right now i have $174 BTC(about #90k) btween october n december.
i am grateful that i did nt give up.
to you it is small, bt it means a lot to me. i only invest my time and data to do same thins i do here on nland, makin comments.
i am just a student and dont have much to carter for.
I believe that with God by my side, i will make it in this life.