FivePeas:
I think you're being too hasty and would appeal to you not to make a hasty decision that will cause you damage because you sound like someone who's about to react ( from negative reactions ) rather than someone who's about to embark on a well planned action. There's a difference. Trust me I know.


I qualify to give you sound counsel as a business operator and would like to discredit any thoughts of you quitting you job because of your savings.


Let's take it step by step


1. Financial security is important. Can you reduce your monthly expenses and boost your savings so you can save let's say 300k monthly, which in six months gives you an approximate of another 2 Million Naira


2. Start the process of setting up a business while you're still employed. This way you can weigh the options if it's for you or not. And can easily convert your salaries towards the establishment of the business


3. Do not quit your job until you've had a well to Houghton out business plan and have put it into effect. Remember money is just half the equation, the other half the business


4. Be more tolerant rather than being irritated because things aren't working for you from a place of convenience. Start thinking positive thoughts about the positives of your job. I'm sure it can't be all negative. Whatever it's costing you, give yourself the opportunity to reflect and tell yourself giving it six more months for proper planning won't do you harm


5. Get a second accommodation closer to work. So you can shuttle between both ends. Friday home till Sunday. Have you considered this?

.
You talk sense!!!
You're good,,man!!

Can I talk to you about something,,, how do I get to you??

tosinntoyin:
Dear all,

I really need an advice. I currently work with one of the Nigerian banks. My monthly take home is about 450k and quite good. My major problem right now is that I have just been transferred from a Branch at one end of Lagos to another end of Lagos. All efforts to convince my boss to deploy me to a closer branch has proved abortive.

Going to work daily right now is a very difficult especially during this raining season and covid 19th period. I spend roughly 3-4 hours on the road when going to work and back home.

I am currently raising my kids on my own right now and dont know how I would manage when school resumes. Before now I drop them off on my way to work in the morning and my friend picks them up to her house in the afternoon till I get back.

I currently have a savings of 2million and would love to start a biz( I dont know what kind) as am comptemplating resigning and start a biz instead so that I can have time for my kids and not die due to stress

Please i really need advice for you all.

I am seasoned Business man and I can tell you for free that Success in Business is not automatic , Dues must also be paid there before the light comes ..If you didn't have kids I would say it's okay to resign but with kids man don't resign till your business has seen the light and I mean the light

tosinntoyin:
Dear all,

I really need an advice. I currently work with one of the Nigerian banks. My monthly take home is about 450k and quite good. My major problem right now is that I have just been transferred from a Branch at one end of Lagos to another end of Lagos. All efforts to convince my boss to deploy me to a closer branch has proved abortive.

Going to work daily right now is a very difficult especially during this raining season and covid 19th period. I spend roughly 3-4 hours on the road when going to work and back home.

I am currently raising my kids on my own right now and dont know how I would manage when school resumes. Before now I drop them off on my way to work in the morning and my friend picks them up to her house in the afternoon till I get back.

I currently have a savings of 2million and would love to start a biz( I dont know what kind) as am comptemplating resigning and start a biz instead so that I can have time for my kids and not die due to stress

Please i really need advice for you all.

Hmm. Na express you de go!
You earn 450k and you want to leave that job to start a business with 2m. Egungu be careful ohhhhh.
By the time you rent office how much go remain? Or you wanna buy a corolla to 1.8m to drive Uber? Or buy damfo?
Or get a plot of land to open drinking joint?
My bro. Just endure and be collecting your 450k per month oh.

No try am. Na so one of my relatives resigned from his good banking job as a regional manager. Cashed his severance in millions and ventured into biz..I even invested in his biz... today, his family if feeding from hand to mouth. Biz is tough

fatymore:
Think well sis before anything but for the sake of the children either you look for a closer apartment, endure for some time or leave and start your business

How did you increase the fine size on ur signature text? Help a brother

Don't resign yet, you need to save more before quiting the bank job and trust me you can combine a biz with your current job to make more income and if possible get your siblings to help out with the kids

tosinntoyin:
Dear all,

I really need an advice. I currently work with one of the Nigerian banks. My monthly take home is about 450k and quite good. My major problem right now is that I have just been transferred from a Branch at one end of Lagos to another end of Lagos. All efforts to convince my boss to deploy me to a closer branch has proved abortive.

Going to work daily right now is a very difficult especially during this raining season and covid 19th period. I spend roughly 3-4 hours on the road when going to work and back home.

I am currently raising my kids on my own right now and dont know how I would manage when school resumes. Before now I drop them off on my way to work in the morning and my friend picks them up to her house in the afternoon till I get back.

I currently have a savings of 2million and would love to start a biz( I dont know what kind) as am comptemplating resigning and start a biz instead so that I can have time for my kids and not die due to stress

Please i really need advice for you all.

Start ur biz while u still have d job, if it's looking good you can quit d job

Don't resign yet. Doing business is not as easy as it seems. You could invest in some small businesses later on while still maintaining your job.

My advice to you is to get comfort transporting to your new location. You could relocate to a residence closer to the new branch and probably get a new school for your kids.

The school should also be closer to the new residence. Your brother or sis could come stay with you so that they can pick your kids from school

You are at the gate of unemployment and business may not favour you, this is just a ploy to frustrate you to resigning your position.
Stand firm and get accommodation close to ur place of work even if u own the house you live in right now. Maintain your job and don't let them win by giving in to the ploy.

bayotwice:

How did you increase the fine size on ur signature text? Help a brother

sincerely I can remember, would update you once I check my siggy

Relocate closer to the new branch.. simple... stop complicating your life for urself pls

Don't try it bro. Get a place around your place of work that you can stay for the week days. Then travel back to your family on weekends.

Don't let your egungun enter express.

Can't you get a,room near your office? I feel like beating you up for asking this question. Fortunately, I'm not that strong

My man, na BO u be be that.

Guy better chill o. No quick resign o.
If you're a marketer, better dey where u dey and plan porting things. If u scout well na next level SBO and u can still get a place within the area u want. So reason am wella o.
2 milla small o

You have only a paltry 2m naira and you wanna leave a job of 5m naira per anum for a business you've not thought up.
You will regret your life if you dare it.
Your one month salary is even enough to rent house beside your new office and if possible change your children school.
You need at least 10 years on that job. Except you start a business and it starts yielding over half your salary consistently for a year

2. Start the process of setting up a business while you're still employed. This way you can weigh the options if it's for you or not. And can easily convert your salaries towards the establishment of the business


Bro, Listen to me, for those giving you the above advise, I know they meant no harm but I would advice you not to try this because you will be making the person in charge of the business while you are working rich, while you lose your money. Business is best done when you are very much involved or has been part of it for years enough to know when you are being lied to or cheated. A lot of people have lost their money giving out their business because they are working.

Secondly, Business is not easy as they say it but it's interesting, it involves training, I mean practical training, unless you might lose out. remember it also involves patient because you could get frustrated from the start if your feel you are not making enough money.

Just continue with your job, for now and raise more money. I mean more money. Then you can thinking importing. unless you are trained in a particular business, I mean well trained. Good luck.

tosinntoyin:
Dear all,

I really need an advice. I currently work with one of the Nigerian banks. My monthly take home is about 450k and quite good. My major problem right now is that I have just been transferred from a Branch at one end of Lagos to another end of Lagos. All efforts to convince my boss to deploy me to a closer branch has proved abortive.

Going to work daily right now is a very difficult especially during this raining season and covid 19th period. I spend roughly 3-4 hours on the road when going to work and back home.

I am currently raising my kids on my own right now and dont know how I would manage when school resumes. Before now I drop them off on my way to work in the morning and my friend picks them up to her house in the afternoon till I get back.

I currently have a savings of 2million and would love to start a biz( I dont know what kind) as am comptemplating resigning and start a biz instead so that I can have time for my kids and not die due to stress

Please i really need advice for you all.

>Wtf!!! Guessed you have more than what you have mentioned here.
>The patient dog eats the fattest bone!
>In this difficult situation of unemployment, don't files for resignation.
> Simple put: solve the distance barrier btwn your resident, working place and your children school
> Whatsoever business you are to involves is uncertain

Starting a business is good but I will implore you to save very well before embarking into any business.

-Do you have a business plan now that 2mil can take care of? I know some people starting a business and it later crumbled because of no adequate plan.

You may take the pain of changing the children's school and find an apartment closer to ur place of work. I know it's not easy but give it a try.

Don't quit the job for now.

God will surely guide you.

tosinntoyin:
Dear all,

I really need an advice. I currently work with one of the Nigerian banks. My monthly take home is about 450k and quite good. My major problem right now is that I have just been transferred from a Branch at one end of Lagos to another end of Lagos. All efforts to convince my boss to deploy me to a closer branch has proved abortive.

Going to work daily right now is a very difficult especially during this raining season and covid 19th period. I spend roughly 3-4 hours on the road when going to work and back home.

I am currently raising my kids on my own right now and dont know how I would manage when school resumes. Before now I drop them off on my way to work in the morning and my friend picks them up to her house in the afternoon till I get back.

I currently have a savings of 2million and would love to start a biz( I dont know what kind) as am comptemplating resigning and start a biz instead so that I can have time for my kids and not die due to stress

Please i really need advice for you all.

Change your location to the new place and let your children start school there.

tosinntoyin:
Dear all,

I really need an advice. I currently work with one of the Nigerian banks. My monthly take home is about 450k and quite good. My major problem right now is that I have just been transferred from a Branch at one end of Lagos to another end of Lagos. All efforts to convince my boss to deploy me to a closer branch has proved abortive.

Going to work daily right now is a very difficult especially during this raining season and covid 19th period. I spend roughly 3-4 hours on the road when going to work and back home.

I am currently raising my kids on my own right now and dont know how I would manage when school resumes. Before now I drop them off on my way to work in the morning and my friend picks them up to her house in the afternoon till I get back.

I currently have a savings of 2million and would love to start a biz( I dont know what kind) as am comptemplating resigning and start a biz instead so that I can have time for my kids and not die due to stress

Please i really need advice for you all.

Good bless you ma'am, pls always consider people that depends on you before you make the decision. Now to the fact of job security no business can quickly give you that kind of monthly salary of yours in the next 1 year. And again look for an apartment close to that place of work and never trust anybody with your kids.
How I wish I could help. I grew up with my mum and I understand the sacrifices of a banker/career woman she gives. Thank God we turned out fine. But not all kids left alone can survive the pressure.

Just stick your neck out and be strong woman. The Lord will put you through

tosinntoyin:
Dear all,

I really need an advice. I currently work with one of the Nigerian banks. My monthly take home is about 450k and quite good. My major problem right now is that I have just been transferred from a Branch at one end of Lagos to another end of Lagos. All efforts to convince my boss to deploy me to a closer branch has proved abortive.

Going to work daily right now is a very difficult especially during this raining season and covid 19th period. I spend roughly 3-4 hours on the road when going to work and back home.

I am currently raising my kids on my own right now and dont know how I would manage when school resumes. Before now I drop them off on my way to work in the morning and my friend picks them up to her house in the afternoon till I get back.

I currently have a savings of 2million and would love to start a biz( I dont know what kind) as am comptemplating resigning and start a biz instead so that I can have time for my kids and not die due to stress

Please i really need advice for you all.

You don't have to resign op. Your money can work for you. If you wish to put your money to work you can chat me up. We can partner in renewable energy supply in Nigeria ( Lagos State). I'm a professional in this field. You will thank me later. Send me a DM if you are ready for a deal. 08159908317

OgogoroFreak:
You earn 450k monthly but have only 2m savings and want to do business with that peanut?

If you are interested in business, save more money by continuing with your job. Move to a house closer to your new workplace and register your kids in another school. Simple.

☝️
Best Advice SO FAR..... Listen and Listen Good, get another accommodation near the new Branch. Don't know how long u have bn earning #450k monthly but 2million is just too small to resign for and start a business, not unless you have a full proof biz. Look at it, if you earn #450k monthly n ve only bn able to save 2M Oga ur mouth done wide well well/ your cost of running ur monthly affairs is high. If you resign now u can't sustain it and na Hypertension/ high blood pressure go kill you. Not unless u mean u ve saved 20million. For now save more, move closer to d new Branch and try start a biz u ve passion for and see how it runs and if it is sustainable. Pray Well well ( very important). GOD Almighty will direct you.

2 million naira and run to Canada? That one alone may not buy their( father and kids) flight tickets. Many things are involved to migrate to a place like Canada.

namo77:
Village people at work..... Better take that money and run to Canada

Hope you've saved a lot of money before thinking of plunging into the business arena?

I say this because running a business is not a small thing o.

So you really need to be prepared and you must have done your feasibility studies very with regards to the nature of the type of business(es) you really wanna go into.

Good luck.

Kenlinks546:
Don't quit ur job bro 2 Milli is nothing, Davido gives out 1 Milli regularly

2 Milli is something, but not overly sufficient... You can endure, work for more months, and make more money.

catfrog10:
If you want to do business, you should have decided earlier in your life. Igbo men decide this very early as young as 15 and they don't turn back or care what anybody will say. They stick to it and until they make it or don't make it. But trying to switch to business in your 30s or 40s, it won't be easy oh. Side business okay but fulltime, make sure you do your homework well well. Business is a profession

You are right. Except that Igbos don't really "decide" on Businesses earlier on in life (i.e. most of the time). in many cases it's Circumstancial.

Typically young people from poor backgrounds are attached to "masters" as apprentices. Some of these young chaps wouldn't have toed that line if their parents had the means. They probably would have gone to school much longer.
People don't launch businesses in their 30s/40s due to fears and risk averseness. Usually stemming from tight budgets and Suppressed curiosity. I see daily how the Nigerian society conditions us to live above our means almost without thinking about it. This single habit alone cause a lot of us not to have any/little savings up to our late 40s (since most our Salaries aren't that much to start with).
Little savings means little room to try "something" else(other than a 9-5) and this almost certainly seals our entrepreneurial fate till, well, death.

A good idea, but you should be business minded so you won't regret your actions later in life.

tosinntoyin:
Dear all,

I really need an advice. I currently work with one of the Nigerian banks. My monthly take home is about 450k and quite good. My major problem right now is that I have just been transferred from a Branch at one end of Lagos to another end of Lagos. All efforts to convince my boss to deploy me to a closer branch has proved abortive.

Going to work daily right now is a very difficult especially during this raining season and covid 19th period. I spend roughly 3-4 hours on the road when going to work and back home.

I am currently raising my kids on my own right now and dont know how I would manage when school resumes. Before now I drop them off on my way to work in the morning and my friend picks them up to her house in the afternoon till I get back.

I currently have a savings of 2million and would love to start a biz( I dont know what kind) as am comptemplating resigning and start a biz instead so that I can have time for my kids and not die due to stress

Please i really need advice for you all.

Wish skill set do you have to start a busines?

One of my church brother was transferred from PH to Lagosin his work place but refused to go and resigned cos he felt he had made some savings. Just less than a year he is finding it hard to survive with his large family. He used part of his savings to buy a Toyota Camry for commercials but he is not finding the whole thing working the way he thought.

Don't be Hasty!!
Think we'll B4 u quit your job!

Before you consider quitting your job in this time you need to ask yourself the following questions;
1. What kind of business I am venturing into?
2. Will the business meet the daily needs of my target audience?
3. Is the environment compatible with the kind of business I need to do?
4. What is the ROI on the business after 6 months?
5. Can I combine my present job with my personal business?
6. The forecasted profit will it be up to or closer to what I am earning in the next one year?
7. Do I have deep knowledge about what I am investing my resources into?
If you can answer the above listed questions correctly, I think you're good to go. Mind you, I do both.
Thanks
Kind Regards
ActuaryDeji

tosinntoyin:
Dear all,

I really need an advice. I currently work with one of the Nigerian banks. My monthly take home is about 450k and quite good. My major problem right now is that I have just been transferred from a Branch at one end of Lagos to another end of Lagos. All efforts to convince my boss to deploy me to a closer branch has proved abortive.

Going to work daily right now is a very difficult especially during this raining season and covid 19th period. I spend roughly 3-4 hours on the road when going to work and back home.

I am currently raising my kids on my own right now and dont know how I would manage when school resumes. Before now I drop them off on my way to work in the morning and my friend picks them up to her house in the afternoon till I get back.

I currently have a savings of 2million and would love to start a biz( I dont know what kind) as am comptemplating resigning and start a biz instead so that I can have time for my kids and not die due to stress

Please i really need advice for you all.

FivePeas:
I think you're being too hasty and would appeal to you not to make a hasty decision that will cause you damage because you sound like someone who's about to react ( from negative reactions ) rather than someone who's about to embark on a well planned action. There's a difference. Trust me I know.


I qualify to give you sound counsel as a business operator and would like to discredit any thoughts of you quitting you job because of your savings.


Let's take it step by step


1. Financial security is important. Can you reduce your monthly expenses and boost your savings so you can save let's say 300k monthly, which in six months gives you an approximate of another 2 Million Naira


2. Start the process of setting up a business while you're still employed. This way you can weigh the options if it's for you or not. And can easily convert your salaries towards the establishment of the business


3. Do not quit your job until you've had a well to Houghton out business plan and have put it into effect. Remember money is just half the equation, the other half the business


4. Be more tolerant rather than being irritated because things aren't working for you from a place of convenience. Start thinking positive thoughts about the positives of your job. I'm sure it can't be all negative. Whatever it's costing you, give yourself the opportunity to reflect and tell yourself giving it six more months for proper planning won't do you harm


5. Get a second accommodation closer to work. So you can shuttle between both ends. Friday home till Sunday. Have you considered this?

Best advice