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Nairaland Forum / Nairaland / General / Investment / With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? (1388 Views)
Japa Or Invest In Naija. / What Investment Can I Venture Into With 5million Naira / What Business Can I Do With 5million? Your Advice Is Needed (2) (3) (4)
With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by olajide14: 9:22am On Aug 25, 2020 |
Helle fellow Nlander. I have a building in lagos that i am planing to convert to purewater factory. , i have been consulthing on how to go about it, my findings make me beleived that i can get nafdac approval, distribution truck, automatic sealing maching , whater purrifier etc from budget of 5million naira. But as am planing this, a brother from uk advice me to migrate to uk with my cash claiming there are opportunities in uk, he migrated to uk 2years ago with his family, he will give me soft landing. Bellow are my worries (1) am married with 2kids (2) i know some someone who returned from abroad still struggling to exsterblish a purewater company. . (3) is it a good decision to inverst my 5million on production of sachet water in nigeria where even the big company are collapsing. Pls nairalander home and abroad pls advice Pls advice is needed Thanks |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by ThreeSquirrels: 9:25am On Aug 25, 2020 |
Have you considered mini gas plant setup and do you know this can be achieved with around 5/7Million? Don't go for pure water given the budget. The haulage is tedious. The transportation alone would require a very good truck that costs around 1M if you find tokunbo The government approval and certification for the right kind of borehole gulps around 1M too Now, you need equipment 1. Generators Heavy Equipment 2. Processing Lines with automated sealers Pure water business is good. But for 5M I say no. So many variables in terms of equipment that can keep damaging before you make profit Listen if you desire pure water, I know a pure water company whose staff mismanaged it, that wants to rent out the building and equipment.. This may be a good start for you, to test the waters. The company is also renting out its truck, building and equipment If you have such, you can start out and find out yourself if it's a company to setup fully later on If interested, it's on the island in Lagos If you're interested in any kind of production business, you need to be careful to not start with one that employs too much machinery because of damages that can stop business activities when problem occurs. Rather opt for businesses you can control the vertical and horizontal with less downtimes The problem with this forum is people with ideas can't talk. They will run and. Come. To say one wants to scam you I could have told you where to put your funds in on consultancy basis in PRODUCTION and I swear by. My father's grave after 12 months, you will no longer desire to travel out.. but they will. Come. To say one wants to dupe you So I rather pass I wish you well. In your quest 4 Likes |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by simols(m): 9:25am On Aug 25, 2020 |
Pure water business I will say. Thank me later |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by olajide14: 9:30am On Aug 25, 2020 |
Ok. Thank you for your advice, |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by olajide14: 9:36am On Aug 25, 2020 |
ThreeSquirrels:Thanks for the advice. Naturaly i like production, I dont know much about gas sales 1 Like |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by ThreeSquirrels: 9:38am On Aug 25, 2020 |
olajide14: Production is good. I always recommend production but go for the ones with little use of heavy machinery. Frequent machibe breakdown is why most production companies fold. Up. Always engages blueprints and organizational plans before setting up any venture so you won't get lost. If you have access to one. Plot gas plant is good cause it is less prone to stoppage and generate funds daily Let me leave you here abeg before nairaland skeptics come and say one wants to scam you. I leave you in peace |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by DIGIMARKETER(m): 9:41am On Aug 25, 2020 |
Your 5 million is only 10k pounds and will not do anything for you in the UK but there are other things you can leverage on with the 5m if you decide to travel to the uk like import and export that is if you will not be travelling with work permit. Life abroad is not as easy as it is perceived in Nigeria. If you can start a business in Nigeria i will advice you to start business in Nigeria because there is nothing like being your own boss. 2 Likes |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by olajide14: 9:47am On Aug 25, 2020 |
DIGIMARKETER:He said he will help me get job in farm when i get to uk, that i can make up to 3million naira monthly. In uk after tax 1 Like |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by chuksiyk31(m): 1:34pm On Aug 25, 2020 |
olajide14:You can go into “trucking” Business, currently I’m actually looking for a co investor...we would both be on a salary of 300k each per month until we are able to save up enough to buy another truck. Call me if you’re interested 07068221059 |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by Speedevs: 1:49pm On Aug 25, 2020 |
olajide14:Before you start sir just a question Do you know about your buisness , is not about having money but using the money to the best of its purpose , you can check my signature and ask questions. 1 Like |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by ChybuzzDD(m): 1:51pm On Aug 25, 2020 |
chuksiyk31: What kind of truck is involved? |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by ChybuzzDD(m): 1:54pm On Aug 25, 2020 |
olajide14: That's how they get people entrapped. How much are young professionals like doctors in the UK making per month, let alone you that would be working in the farm? 2 Likes |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by Speedevs: 1:55pm On Aug 25, 2020 |
olajide14:No1. it is not about investing , do you know about your buisness to the best. No2. have you read about the buisness No 3. Who is your Partner/competitors, if you have then is good but you can check my signature and learn more |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by isaacotokhagua: 2:27pm On Aug 25, 2020 |
Few years ago then in uni.while in holiday I worked(as secretary) with a family friend who owns a pure water factory . I know countless of times he would call for the fixing of the machinery because of perpetual break down,still complains despite making some profits and loss,telling me he wants to leave the country and I would glow my eyes with thoughts in my heart that "this is someone who has built houses ;placed them on rent, cars on high purchase etc yet wants to leave". The said person am talking about sold his pure water factory last year,left for Dubai and opened a small business for his wife in Nigeria. He is happy with his plans and job in Dubai. Please leave since you have someone over there, farming is a good deal. The problem with traveling out is improper planning. You can still invest while in UK. Sachet water production business is tedious better still nylon production business is far better than pure water production. Nigeria businesses are going down everyday, statistics shows that only 3% of Nigerian small businesses survive after 5-10years. No think am twice ,please leave but plan before leaving. |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by Darasimis: 2:32pm On Aug 25, 2020 |
Please do not go into pure water business. The business is not longer lucrative as most people think. I would advise you to look for other business or travel to UK since your brother promised you soft landing. |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by Abujabizhub: 3:20pm On Aug 25, 2020 |
OP, Pure water business in Nigeria is tough and very few people are making it (mostly big time resellers) but is not totally a bad idea, but is very risky. However, working abroad in one year you will make more than 5 million from 2 jobs. But besides pure water factory, there are other businesses you can start with less than 5 million. Do some research on google about business opportunities you can find for less than 1 million, 2 million, 3 million etc. 1 Like |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by ablejoe(m): 3:44pm On Aug 25, 2020 |
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Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by uyogabie(f): 3:53pm On Aug 25, 2020 |
Pure water biz is seasonal,you only make huge sales during the dry season.The money made then,is what you will use to run the Biz during the rainy season. Do your research well otherwise you change line of biz Be willing to run it by your self,due to the daily money involved, several of your workers will want to scam you. Not to mention repairs of vehicles and machineries.Different tax collectors and revenue generators will come for you. If you have any other biz,pls go for it. Speaking from experience. |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by Ezypretty: 4:03pm On Aug 25, 2020 |
Please don't go for pure water business rather go for nylon production or better still leave for UK since your brother promised you soft landing |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by Mide3367: 5:04pm On Aug 25, 2020 |
Pure water is good but note that u have massive sales in dry season only 1 Like |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by Skyfornia(m): 9:39pm On Aug 25, 2020 |
I'm a consultant and could offer you genuine and feasibility advice on table water plant establishment..but you will need to pay for consultation fee. olajide14: |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by LikeAking: 9:49pm On Aug 25, 2020 |
Travel to the UK,you need the exposure,information and connect of the civilized world. 1 Like |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by DIGIMARKETER(m): 12:45pm On Aug 27, 2020 |
olajide14: Lie from the pit of hell.... a farm hand earns minimum wage and if you do not have work permit then you will be paid less than 1k a month. 3m monthly is earning 6k pounds monthly. That's the job the uk opened the border for poor europeans to do because brits won't do it Whoever it is, is hating the fact that you are doing okay in nigeria. My 1 penny is start a business in Nigeria and make everything official after 6 months apply for visiting visa to uk and see how the person that adviced you actually lives and if he earns 6k pounds working in the farm and or if he is worth the 5 million naira you have already minus overdraft and creditcard. Nigerians please don't let anyone deceive you if you have a business in Nigeria never leave it or sell it to travel abroad. 2 Likes |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by epigramdigital: 4:59pm On Aug 27, 2020 |
olajide14: My personal advise to you will be to start a business of your choice after making diligent research, then try to establish it to run with minimal attention from you. Thereafter you can relocate to the UK or other location of your choice. |
Re: With 5million Naira Cash, Do I Travel To Uk Or Invest In Pure Water Bussines? by Nobody: 7:58pm On Aug 27, 2020 |
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