₦airaland Forum

ThaiAlNigeria: Greetings Nairalanders,

I will elaborate on Phase 2 (Haulage) which will include 1) how we got into this business 2) our growth 3) our struggles & near collapse 4) Our rally push 5) success

1) How we got into this business.

We were exploring opportunities. We've tried out several businesses but realized that either there was too much competition, dubious activity or the profits were dead low in relation to effort involved.

Our employee/partner/friend of Thai Alpha Nigeria suggested Haulage as an alternative. We were hesitant as it was very capital intensive. He said he knew someone whom we will name Chris, in this business who owns a truck and claims he is doing well. Basically what Chris does is he lets his truck work for a big manufacturing company "under" an independent transporter company. The independent transporter company takes Chris 10%-20% revenue that Chris's truck generates for the "opportunity" to work for the factory. Chris has to manage his own truck and find his own drivers and do any repairs he needs to. Chris is unable to work directly for the manufacturing company because in order to work directly with the factories, you need to OWN at least 10 trucks IN YOUR NAME. The standards are very strict.

We did our due diligence. My personal strength lies in doing proper research. I read and absorb alot of information. There is alot of post on the internet about how Haulage business is great and you can earn alot of money in a very short time. It sounds too good and very sweet with a cherry on top. The Nairas earned makes your mouth water. After much due diligence and making some connections we decided to buy a 40 footer truck and run it under our Independent Transporter we will call Jibs.

2) Our Growth

So we got our truck. It started running and all was well. Jibs were paying us on time. The revenues were indeed great! What is posted on the internet is true. You stand to make alot of money in this business. Your investment can be fully recovered within 1 to 2 years. We decided to aggressively expand as quickly as we could. Within 8 months we added an additional 4 trucks to our fleet. We are good at getting investments. Thanks in part to our Managing Director Charismatic personality and integrity. 4 trucks in 8 months is alot of capital.

3) Struggles & near collapse.

There were common struggles that everyone in the haulage business knows. Such as managing drivers, repairs and one of the worst issue of all; buying the wrong sort of trucks. We made alot of mistakes but we learned quickly and rectified it. In this process we even made our own TRUCK BUYING MEMO. These are our rules laid out about quality before we buy trucks. But the most serious issue we ran into was can you guess?........The Jibs. Basically the Jibs;our independent transporter were alarmed at the rate we were expanding and decided to start playing games with us. They delayed our payments, and even outright stopped paying us for as long as 4 months straight while our trucks were running! This had consequences that effected the company in ways we shudder to think about.

We had to pay our drivers, our trucks needed repairs, the drivers were complaining, our partners were not getting paid. Income stalled for us all. We investigated and knew that the factories were paying on time, but the Jibs were making all sorts of excuses. We pushed and pushed them for payments but they only paid paltry sums. It got so bad. Everyone from CEO (Myself) to the drivers were affected. My employees were so disheartened that one of our top management suggested that should close down the business.

4) Our Rally Push

In that critical moment, I refused to give in. I rallied everyone, decided that I was going to use the special gift that all my employees and management had to make this happen. I looked at the financials again and knew that the business was good. But the Jibs were the issue. I knew if I could push on for the next few months we could make it happen. I formulated a new strategy, the strategy of "building relationships". We started building good relationships with the management of various factories. We were at good standing with the management because we always maintained our trucks and always kept our drivers happy. Through building connections and strong personal relationships and through our hard work and integrity, we were given a favorable option of working directly with the factory with our 5 trucks. Thats called FAVOUR and it comes with BUILDING A BRAND.

5) Success

Long story short, we are now working directly with factories and they are very happy to accommodate us and is encouraging us to expand and bring in more trucks. Which obviously we are more than happy to accommodate.

In my next post, I will write from personal experience some of the critical gaps that exist between Nigeria and the World. The gaps that could be filled to encourage more foreign investments into this lovely country. And also I will give you some hard insights and statistics & tips about the Haulage business and business in general Nigeria for locals and foreigners.

My humblest regards,

Your Friend

rill: Nna no mb to waste. Make person just help type d full tanscript of d video.

oyin57: There are still good people out there....I am genuine and I am not a scammer.

“Low-class people do low-class things.”

neymarb:
thanks for that bro, i knew about all the punctuation but would be wasting time because the person i was referring to would definitely not be able to figure that out

oyin57: I am looking for a cool, clear, working class and honest guy. Who is willing to date and Ready to settle Down. Who leave in the UK please. I am 5ft4 tall so the guy most be a bit taller and dark. Age 35-45

Please email Ready2mrry@hotmail.com

Please don't just email for joke and please be sincere (I still believe there is still good people out there)

paul288yahoo: Islam will eventually implode.

hemor: that isn't for him. he doesn't even worth $10million(neither does any other naija musician) buh there is a saying that whatever belongs to your father belongs to you too.

you should have said davido's dad gave him a jet

skyrocketters: You,ve got no idea of the features in that jet, click the link. the jet has an inbuilt swimming pool and turbine to generate power when its in the air, its also got a bomb detector. click the link to check them out for yourself

cne010: I followed my Dad to get some parts for his VW Passat and I was shocked at the amount of parts and engines available in the Market. It is a dedicated VW/Audi Market. I was shocked to see users come on here and say lack of parts for the VW/Audi.

The market is close to Lawason from Surulere I came from Mile 2 road used the google map to find my way there.

I took few pics enjoy!

Tallesty1: nah... I am saving it......

Tallesty1: 2010

Jregz: $180-250

Jregz: same here sir,maybe cos AIRMAXs are more expensive (at least by a few $$$ )

sholay2011: Looks good and strange...

I don't desire it.

Jregz: [
those aren`t J`s
sure ,IT isn`t an airmax too ,but a nike brand for sure

20bc: I think that's a Jordan 9..... I think that's a Jordan 9.....

20bc: I love that shoe. what design is that

Unionised: well, you are rather so carried away by that ravishing beauty that you forget to say the right words.

Go learn some SOCIAL SKILLS Bro...

holar2ge: kinda expensive

Zukoslim: hmmmmm fees here only for one term can help a nigga through out his stay in d uni, with enough change to do big boi.... lolz...


peepz who send their wardz to this schools have their reasons...
take for instance_

a poor man who cn afford one or two square meal a day will send his child to public school,
an average man who can 3 gud square meal will send hia kid to a private school were there pay 3k to 5k per term
anoda middle class man,living well will send his kids to private school were they pay 8 to 15k per term...

now remember there are other private school were students pay 20k to 30k while some 30k and above... u cant say all d private schools are the same..heck no..quality is nt quantity... if u earn 500k to 1milla, will u send ur kids to a school were d fees is 20k..naaaah..u will snd dem to mayb a school were they pay 70 to 100k cus u believe the lesser one is inferior....

so forget the amount peepz pay for their wards in some schools cus haterz gonna hate

make i add ma own..,,,,high achiever academy... they pay 2******* #make i no talk#

50calibre: You're missing the point, this isn't just about the academics, it's about the whole package.

In terms of quality, you can't compare those schools to the average Nigerian school, the environment, the teachers, the facilities, the intellectual level, the pattern of learning.... are miles ahead of Nigerian standards.

Those schools are for the creme de la creme, no wannabe thugs, no poor people & most likely no bullies. Every kid is such school comes from an upper class, there kids develop network of important friends which comes handy in life. That's why you'd notice people of an upper class belong to a certain clique, these are where those cliques are formed.

People who send their kids there are not fools, if you got the money, send your kids there.