₦airaland Forum

.....

Amen

Lessons learnt
1.Don't take loan to start a new business, u can only take loan to expand an existing business
2.U can start with the little u have
3.Focus on one business first before diverting ur capital
4.Go for quality

Few years back after graduation and job not forthcoming, tho i was doing some menial jobs to cater for my basic needs and on d long run i was able to save only 50k and then i started browsing d Internet to know what i can do with my 50k so palm oil business really caught my attention and i decided to give it a trial as at then oil was 4k from d farm so with my 5k I started with 8-10 kegs of palm oil. Within few months into the business i was already having demands above my initial 10 kegs due to my aggressive marketing within my neighborhood and beyond but no where to get more funds to buy more kegs of oil on a weekly basis so i decided to look for investors here on nairaland, many people contacted and fortunately a lady invested little amount of money after we hv signed the MOU wit my lawyer i was so happy that my supplying power will jump from 10 kegs to 20 because i already hv d market but reverse was the case as an idea came from a colleague in d oil business that we should try our hands on plantain supply, we did some research at idi oro mkt and all was set as the profit margin was far far better than palm oil and it's a one off business just supply and make ur money instantly. So we decided to put our resources together to buy full load of plantain, we left lagos for idanre ondo state at about 12am to arrive at the market 5am we bought plantain and brought them to idi oro lagos to sell off but unfortunately we can't even explain how those OLO OBE sell them and we sold at a total loss loosing 70% of my capital and the remaining 30% got stuck with my colleague because i trusted him with the money but unfortunately he disappointed me and that was how i lost both my personal capital and the one my investor just paid without even trading with her investment at all.

Where do i start from again? i need to pay my house rent, eat, pay my bills and as well pay ROI to my investor ooooops the biggest fear and threat of my life sets in, i took another bold step to apply for a loan at a microfinance bank within 2 weeks the loan was disbursed this was supposed to give me a relief but on the long run it adds to my pains as i have to pay back the loan every month and as well pay my investor her ROI, the border was just too much hardly can i feed myself but i keep balancing the situation until few months later when i lost my dear mother i had to travel down to our village for the burial and everything and i spent one whole month at this time all business was pending i came back took money from the little capital to pay bank and ROI which now reduces my running capital again i was not too border so quickly i decided to order for oil from one of woman like that she has since disappears from Nairaland. My aim was to quickly buy and cover up for the lost month because i was still mourning my mum and i don't want to travel but believe me all the oil she sent to me was very bad smelling like a pit nobody can even buy them from me, another total loss with bank loan 3 months left and my investors ROI still over six months left of which she Wil also calls from her capital at the expiration of our contract. I went straight to my shelve bring out my certificate and resume job hunting with God on my side i got a job with a poor salary within 2 months of my search i thank God i got the job at that point because it was the job that helps me to pay up my bank loan and paid up to 80% of my investors ROI and her capital.

So I decided to work for more months then i resigned with few capital to start up all over again because i sure knows what palm oil business can bring to the table if properly managed compared to my salary job. All in all i thank God for everything.

TUBLEZ:
Almost new LG DVD player for sale.. Location is Shomolu Lagos.. Price is 5K call or watsap to he d lucky buyer 08121680787

still available

Top notch palm oil call or whatsapp 08121680787

makavele:
Does it support Auxiliary . . pls send a pics of the back ports

plz watsap me having problem uploading here.

Almost new LG DVD player for sale.. Location is Shomolu Lagos.. Price is 5K call or watsap to he d lucky buyer 08121680787

Nairaland don turn admission board

amyvals:
same thing I asked her, yet to reply me. she juz stole my crayfish pix, it was a customer that brought it to my notice sef

she called to apologize

And why are u using other people's pictures? I can see one of my pix right here..

New week

shammah1:
As an insider I can confirm that the Super Cool Cats boss Ice Prince Zamani is currently making press conference announcing his new endorsement. You'll get to know more about the endorsement in a bit when it hits the media.

Have a wonderful day!
Sammy Gyang

CC: Lalasticlala, Seun, Ishlove

can I get ur contact?

Better oil

Fresh!

industrious:
Selling an Elepaq generator, a 20" Ox fan and Thermocool 210 Lt freezer for a friend who was transferred to another state.

All items in good condition.

Generator: 40k
Freezer:60k
Fan: 15k

All slightly negotiable.

Location: Osapa, Lekki or Circle mall (Shoprite, Lekki)

I hv 10k for fan. Can't it fly?

I can't be so sure until I ask but I believe it should not be more than 120k... Whr do yu stay presently?

plz can 150k get a 2 bedroom within that axis?

chidiwondaful:
How much does a 25, 10, 5, 2.5 ltr kegs respectively cost? Am in Lagos.

25 litres is 12k,10ltrs is 4500 5 is 2200 and 2.5 is 1100 u can watsap me for more info 08121680787

sleekboss:
please drop your number I will send you my prices or send me a whatsapp message on 09034563023. sorry for the late reply

OK.. Send or watsap it to 08121680787

Happy Sunday.. Contact us for ur palm oil needs..

How much per pack?

tojahh:
Polystar tabletop fridge.
White
Very active coolant
Freeze items in less than 2hrs
35k

Bought in April brand new. Got a bigger one as a promotion gift


08039330372
Calls/whatapp

20k?

TGIF... Visit us at 19 Aiyepe Avenue somolu lagos for ur quality palm oil call/watsap 08121680787

New fresh palm oil just arrived.. Call or watsap 08121680787 to order..