Theflint1:
What is he renting shop for when he can sell most of the laptops even before arrival, and the rest he keeps in a small part of his 2-bedroom flat?
Utilities are his browsing data, less than some guys spend streaming 1hr of porn on a daily
Transportation/Shipping already factored in purchase cost and profit per laptop anywhere from between 30-120%.

Before business spoilt, 100% straight profit was pretty common. I'm talking too much already.

Doing phones is slightly easier as they're faster moving, and require less space to store them.

The above is for a business I know, and I'm sure the scenario would play out for a lot other businesses, differently...as long as they have the competitive advantage.

Shipping is on the average 10 days...burn the midnight candle shopping for deals and he does at least 30 rounds of business across a year and in 8 years, 240 rounds.

you my friend,practically knows how it goes. lets leave the back and forth,many in other businesses are making way more that most people can imagine.

raumdeuter:


With 200k did this include cost of renting shop, paying utilities, transportation, staff cost and buying the laptops.

What will be the cost price per laptop around 2015

i think the best is not to labour the point.when u start such business with little,u don't start with shop immediately,your good name and referrals is how u sell.he got a shop in 2018 and thats when the business started its massive growth,this arguments amaze me,because their are many that has done way more than him that i know.maybe we all see the world and Nigeria specifically with different eyes.

DissTroy:


#2 million to #50 million is 6 years is plausible and I believe him. That's 2500% increase.

Now compare that with #200 thousand to #400 million in 8 years which is 200,000% increase.

Nobody here is in Kindergarten.

There's a reason the Chide guy is being evasive with how his acquaintance made the assumed money.

oga all u do is just to argue,know what u know and leave what u don't know. never believe u know it all.go out on the streets and asking successful business how it all happened.

Theflint1:
I want to imagine it's them not understanding the context of the discussion sha, cause it seems obvious enough what's being referred to.

the content of the discussion just changed.was trying to highlight that most travel not only because of money but peace of mind and other personal reasons.

BlueRayDick:


I am interested in knowing the business that person invested N200k in 2015 that has now grown to N400m.

gadget sales...laptops specifically.

Theflint1:
I know Chief Ebuka well, those wey know know and I really wish it was hidden cause there's a plethora of examples from other types of businesses, just take a walk down your street FFS

.thank you,it is him am talking about...their are many many who has done way higher than him.how come people don't see this.

Theflint1:
By your logic, any and every business that starts with 200K at startup at 20% year on year should have a maximum growth of no more than 860K by the 8th year

This thing is arithmetic sha, and you don't have to check Y Combinator to see examples, simply ask Mama Nkechi who grew her single hot rice and beans stand to 4 extra stands in your community, and with 8 staffs to help with serving after 4 years what her year on year profit was.

when business men talk it is easier to know.they believed everything is theory.i have seen people do more than that.in Nigeria,their are so many legal and illegal money,one with the right information can make without even making it to the news.

Theflint1:
People can turn their lives dramatically around over a pretty short period. I know some persons who forrayed into the gadgets business with zero capital, stand as middle man, collect small choppings here and there and build capital slowly...some of them have crossed 9 figures in assets, and all of this in a space of 6-7 years, within same Buhari economy.

The above scenario won't be the same for the overwhelming majority of Nigerian businessmen, and even for the guys in the above scenario, things are starting to take a nose-dive with FX rates but that doesn't mean those numbers weren't done and aren't still possible. It's generally easier to scale a business from zero to 10 million than it is to scale from 10 million to 20 million (the more capital you build, the harder it becomes to beat the market significantly, it's why guys like Buffet are seen as geniuses)...don't use growth metrics of already established businesses to judge small businesses.

you got it completely....all this are not hearsay...the gadgets business with the right timing and information...many will make it

DissTroy:


#200K in 2015 to #400 million in 2023. Just 8 years.

That's 2000 times increase or 200,000% rise. It's a lie.

Even PayStack which was the fastest-growing startup in Nigeria and got sold at $200 million had a 200 times yield or 20,000% rise from its initial $1 million seed-raise.

Flutterwave had a similar trajectory, and both are unicorns. None did that multiple increase.

200,000% rise under the Buhari administration in 8 years? Come on!

don't speak with such certainty.just know what you know and leave what you don't know.many has hacked the art of making money in their field, and they protect the secret with all they have.

OasisX:

if ur into business,you won't doubt this....if not for safety, i would have disclosed who the person is.it was all legal buying and selling.when u do business and with many things in life,luck and timing is your greatest friend.

GloriousGbola:


It honestly sounds like some weird fever dream motivational bs.

If he said someone had a pure water factory that sold x bags per day. Or a water treatment facility taht sold water by the truck load. But we have a story where someone allegedly makes millions from selling water to abokis.

Then another bizarre story of someone making millions from phone charging.

their are many stories like that....i have someone very close to me,he started in 2015 with 200k,now his business is worth 400m....and their are countless examples,and this dudes are not even in lagos or abuja.....i beleive japa is never really about the money for most middle and upper class.its all about peace of mind.

Itsrm:


Business in Nigeria is certainly not easy. I'm no longer even seeing the point for now especially for those of us outside Lagos. It's not easy. Most people I know here who really succeed in business get contracts from government officials and their cronies.

you just have to master ur business....businesses makes more profit now,especially if have mastered the art of doing business.

Emaprince:
If you read Isreal post, you will know that guy is genuinely pained.

He honestly spent a lot and used his influence and connection to shoot his wife to the top. He really did well for her. Little did he know what a woman can do. The subsequent woman is whom I pity...cos the guy is not expending his energy or resources turning any woman's life around again.

eventhough he made a mistake.i really feel for him, he never expected that that lady can do that to him.

when a woman wants to leave......she can lay claim to any excuses.

Theflint1:
The roads in Agbor alone are better than the quality of roads in Benin, but yea, Delta is the worst of the South South states.

I'd understand an argument in the lines of compared to what they're getting, they should be doing a lot better, but to say Delta is in a worse condition than states like Edo and Bayelsa na lie.

they are performing below par,thats agreed.apart from rivers and akwa ibom,none others comes close to delta

the guy is you......it is always a hard decision to make.many times its not really about the money,but the peace of mind that comes with it.

iamoyindamola:
https://www.nairaland.com/7903241/kano-hisbah-marry-off-tiktoker

It's official these northerns are MAD
Are we in the 60s or what
These people are becoming something else

did u really read the news.....or you just want to bash them.

Ebukacute:
Thanks to you all.. I have lost close friends ,relatives too including my room mate just a month ago. These ones didn't pain me that much like this one.

untill one losses a father,mother or siblings thats when death really stings....and the pains never goes away.be strong man.

Persephone1:
Mine is :

Mouth odour

Invisible bulge, I hate dots

Excessive display of material things.

Lack of respect and finesse.

Talking too much


I will add more later.

sent you a dm,its business

emmanuelewumi:


Dangote Foods should be able to do at least N150 in the next 6 months

how do i buy...coming from a newbie

obviouslyanalt2:

looks like donj

donjazzet:


That statement sums it up very well. They don't know what position to take.

the way you defend this gay thing.......come clean man,are u gay?

[/quote]

i don't get it,its been a minister greater than being a Senator. the president can sack any minister at any time but a senator is dully elected.why are Senators resigning to be a minister.

olril17:

I was a fan too till all the rubbish tweets during the election.

even with all this rubbish,his music is different,seems na mad people they really sing well

Theflint1:
I no even follow the head and tail of the gist, cause whole thing seemed confusing...let's not forget when he did that nude video shoot for one of his songs, that one was way before 2021 sef.

apart from the election fiasco.if brymo is white,he would be a cult hero,man's music is so diffrent and great.

Spy360:

DSS should go and arrest Simon Ekpa just as they arrested Nnamdi Kanu. They can kill him if they wish. Police should track the ESN hideouts and kill all of them. Mine is there should be no military takeover. I don't want army forming roadblocks and doing python dance or whatever. They can go to the north where bandits and herdmen are causing more serious insecurity.

Why are they interested in the SE when NE and NW are far worse. Even NC. Let them go to Benue.

is better they are interested, cus most of us are tired of the whole debacle.

Spy360:

Nwanne, may be I won't be wicked when small army boys start flogging your kid sister on the streets or asking your father to do frog jump at road blocks because of nothing.

bro nothing justifyed what this boys are doing

Spy360:

Why would you send an army because of civil disobedience?

I gave an alternative which is to ensure economic development in the region like rebuilding federal roads and opening markets.

If you were genuine in your concern which I know you are not, this should be your first attraction to my comments.

I understand that some people just want to see military stretching themselves with easterners not necessarily ensuring peace. They just want to see people being subjugated rather than being set free.

Oga, any person with genuine interest in what's happening in the SE would not send the army as any possible solution. Sending the army will create more tension. Simple.

nwanne your a very wicked person

not her boyfriend and definitely not a skit

Ibime:


Don't say this in public please. Breaking bad is one of the three GOATS with The Wire and GOT

then watch Boardwalk_Empire.....one of the best out there by hbo

jimitacomputer:
Plz Add 08129457234

jimmy the scammer