Stats: 3,190,227 members, 7,939,898 topics. Date: Wednesday, 04 September 2024 at 01:48 PM |
Nairaland Forum / Nairaland / General / Business / You Have Money And You Need Business Ideas? (21887 Views)
If You Have Money In The Bank Right Now (must Read) / 25 Small Scale Business Ideas In Nigeria / UK Relocation: I Need Business Ideas (2) (3) (4)
(1) (2) (3) (4) (5) (6) (Reply) (Go Down)
You Have Money And You Need Business Ideas? by Seun(m): 4:54pm On Apr 15, 2008 |
You have stumbled upon some money but you don't know what business to start with it. Well, lots of people have that same problem. You don't need to create a separate thread for that; just post your request/ideas here. |
Re: You Have Money And You Need Business Ideas? by SENATORJD(m): 5:01pm On Apr 15, 2008 |
@seun well for me if i find myself in such a scenario, while waiting for an answer to what i'd do, i wud just take 90% of it and buy some stocks/shares and allow it build up instead of making it lie fallow.at least i wud generate some xtra cash on it b4 an idea(s) drops. or better still give sum1 that knows what to do with it and charge her/him as loan and get interest, watever u do d money shudnt remain the same. it shud increase |
Re: You Have Money And You Need Business Ideas? by Teacher200(m): 5:54pm On Apr 15, 2008 |
Seun, i'll put 50% in to stock while the balance will be in real properties which may be plots of land. That is my idea anyway. |
Re: You Have Money And You Need Business Ideas? by Koboland(f): 7:51pm On Apr 15, 2008 |
I need to start a website like nairaland Seun please give me an idea for the cost thanks |
Re: You Have Money And You Need Business Ideas? by Dodnextris: 9:24pm On Apr 15, 2008 |
i also have some money and i am not sure what kind of business i can do with it, but most of the advice i have been given is to spend about 50% of fund in the stock market/funds management and real estate which i don't have much knowledge about. i have been working all my life for various employers as a management/development consultant i.e planning, problem solving, monitoring and managing targets and performances. i.e key indicators So as they always say in business its better to do what you know and the things you are passionate about for motivation. I would have love to start my own consultancy firm providing free management and development support as this stage for recognition , but i am not sure where to start. Any advice in the house |
Re: You Have Money And You Need Business Ideas? by whitechriz(m): 10:31pm On Apr 15, 2008 |
HELLO , Am a young guy men in Lagos, i just got few bucks and want some ides on what to spend it on , i need to make a good busines that will yeild good doo to get involved with . Please help |
Re: You Have Money And You Need Business Ideas? by mailman: 7:46am On Apr 16, 2008 |
Check out this website, they have a database of business ideas from all over the world. Could be useful to people looking for business ideas www.springwise.com |
Re: You Have Money And You Need Business Ideas? by NaijaEcash(m): 8:38am On Apr 16, 2008 |
@all I agree with the suggestion that the money should be used to purchase stock (not IPO less you get your fund stuck for months) while searching for a business idea. The right business idea is dependent on the need of people that you want to satisfy. So, instead of asking yourself what business to do, ask 1. What are the needs facing people around me? (Lack of portable water, Lack of good school, Lack of Flour mill etc) 2. Can I provide solution to those needs? (I can sink a borehole and sell water, I can open a nursery school, I can run a mill etc) 3. Are there enough people having the same need that will constitute a good market? 4. How much will I require to start this business? 5. How long will it take before I recoup my capital? 6. What are the potential risk involved? 7. More and More questions, From the little I have shared above, you will noticed that it is foolish to jump into any kind of business just because people are doing it. You need to do a little research and ask questions from those engage in similar activities. By so doing, you will save yourself from loss and heartache. If you are interested in doing business online, you can check my post on that here http://naijaecash.com/2008/03/22/how-to-choose-an-online-business/ Even if you don't want to do business online, you can still learn one or two tips from the article. Cheers. 1 Like |
Re: You Have Money And You Need Business Ideas? by SENATORJD(m): 9:10am On Apr 16, 2008 |
NaijaEcash: good points raised |
Re: You Have Money And You Need Business Ideas? by naijacutee(f): 11:13am On Apr 16, 2008 |
Can trading the stock market be classified as starting your own business? An idea for someone in University would be to buy a laminating machine (About N8,500) and a binding machine (About N15,000). Charge students to laminate their front pages, id cards, promotional stuff etc, and also to bind assignments. The binding machine works without electricity so you don't have to pay for NEPA, fuel etc. The only costs incurred would be for the ring binders (If not supplied by the customers) and this costs less than N50 each. Imagine how much one could generate from a whole class that has to submit the same assignment/project etc. If one charges N500 per binding of say, 100 pages or less and binds 2 assignments daily, that is already N5,000 per week without incurring any fuel charge etc. The laminating pouches likewise cost only about N20 each but they require electricity to run. This shouldn't be a problem however, as customers can leave behind their work to be laminated, to pick up later. If charging N300 per A4 lamination, 1 lamination a day would bring in an additional N1500 a week. And on a busy University campus, there is potential to double, maybe even triple these amounts. In the future, one can supplement this business by adding a computer, printer and selling USB flashdrives. . . I can hardly see any obstacles for someone who is determined to succeed. The equipment can be puchased for under N30,000 and one can negotite with a cyber cafe on campus to rent a desk/corner for a small fee. |
Re: You Have Money And You Need Business Ideas? by mfonemana(f): 11:56am On Apr 16, 2008 |
Dear Nairalanders, I do not mean to be short, but you do not need to repeat what Seun has already written. It makes reading boring, and sometimes a waste of time. Just go straight to the point/solution. I see this repeatedly on various topics, that's why I thought I should say something. Some people have no contributions to make, they just find pleasure in rewriting the theme of discussion. This is not necessary. Thanks. Naijacutee, you're the babe jare. |
Re: You Have Money And You Need Business Ideas? by worldman(m): 12:14pm On Apr 16, 2008 |
hey nairalander's i have the same problem i need somebody to help i have what it take to set up a business but i don't no the kind of biz to do i need nairalaner's to help me |
Re: You Have Money And You Need Business Ideas? by femi4love(m): 2:58pm On Apr 16, 2008 |
N3,000,000 to invest in Printing business in Lagos. Is it enough to start or not? Please advise. |
Re: You Have Money And You Need Business Ideas? by tundebabzy: 3:50pm On Apr 16, 2008 |
Its ironic that while some people dont know what to do with their money, others have ideas but do not have money to implement them. I actually have ideas but i do not have the money to bring my dreams to reality. |
Re: You Have Money And You Need Business Ideas? by SENATORJD(m): 4:10pm On Apr 16, 2008 |
tundebabzy: whats d idea?not in full details doe so no1 steals it, maybe some peeps like me could partner with u or give some info of where to get a soft loan, thats if you're serious sha, halla 1 Like |
Re: You Have Money And You Need Business Ideas? by skyhadi16(m): 12:29pm On Apr 17, 2008 |
i dont have money, i want to get loan from the bank pls how do i go about this? |
Re: You Have Money And You Need Business Ideas? by Jummy4real(f): 5:26pm On Apr 17, 2008 |
@Seun Pls i'm interested. I have some money and i dont know what to do with it for now. Thanking you in advance for your swift response. Regards, Jummy |
Re: You Have Money And You Need Business Ideas? by NaijaEcash(m): 5:50pm On Apr 17, 2008 |
@Seun Koboland made a request, you are yet to answer. I would love to know the answer too. Thanks in advance. |
Re: You Have Money And You Need Business Ideas? by Abod(m): 12:01am On Apr 18, 2008 |
I've always said it, that no knowlegde is wasted. And everyone has something he knows that can get him to where he's going. Every dog has its day. Just know what is your area of strength and competency, it may be a talent, skill, knowledge, or experience in something. You just know you are good at this thing. Once you've discovered what it is, i can tell you what to do with it and how it can serve you. You can create your own opportunities from that thing, even start a business along that line. Believe in yourself. |
Re: You Have Money And You Need Business Ideas? by BTreasures: 10:48am On Apr 18, 2008 |
Naijacutee your response was straight to the point. Thanks a lot of people can run with that immediately. Please lets post some more this straight forward answers. I need a business i can consistently make a minimum of N1000 daily please. Thanks folks! |
Re: You Have Money And You Need Business Ideas? by naijacutee(f): 11:19pm On Apr 18, 2008 |
Someone with an okada could also start a business delivering food in offices. They could liase with popular restaurants - -Mr.Biggs etc to deliver ready meals to customers who cannot make it through the traffic etc during their lunch break. A cooler instead of an extra seat could be strapped on to the the back seat of the bike, which would be used to carry food to customers. Instead of carrying on customer on an okada for N100, one could carry about 25 ready ready meals and charge something like N40 each for delivery. This would be best suited for customers who like to eat out but waste time in the traffic trying to get to the restaurant, or people who are extremely busy and who could save time by getting lunch delivered to them. 2 trips to the restaurants and back each day would fetch in N2,000 daily. If one spends N200 on petrol every working day, that would amount N9,000 a week for only about 3 hours of work a day. |
Re: You Have Money And You Need Business Ideas? by initiator(m): 3:04pm On Apr 19, 2008 |
hello, there's already a thriving food-based business started in the last-quater of last year. We really need expansion and regulatory ratification. To fund this expansion, investors are needed to take up equity for a couple of years with a cash out option. Those interested could contact me on 234 8023016353. We could meet in an open place in Lagos where i'd show the product. |
Re: You Have Money And You Need Business Ideas? by kwaghe: 5:23pm On Apr 19, 2008 |
Hi, please can anyone in the house help with details on how much you think it will cost me to start a community FM Radio Station in Nigeria, just serving a single state capital, Jos. thanks. I WILL APPRECIATE IT IF SEUN WILL PASTE THIS ON THE HOMEPAGE. |
Re: You Have Money And You Need Business Ideas? by omodada1: 6:33pm On Apr 19, 2008 |
fixed odds trading and stocks. i cant do without those and the rest, i will invest it on my girlfriend, jummydada ![]() |
Re: You Have Money And You Need Business Ideas? by outlaws(m): 7:21am On Apr 20, 2008 |
![]() If you got money and you don't know what business to get into. Give it to me I can spend it fast before you can think of something to use it on |
Re: You Have Money And You Need Business Ideas? by skyee: 11:58am On Apr 20, 2008 |
hello, i dont know if my idea will be okay, but i think one can buy fowls and be taking care of it, them when its christmas and new year time u can sell it. u know by them it will be very big and u can sell it like 1500 or 1200. i think that will bring some profit. |
Re: You Have Money And You Need Business Ideas? by FMK(m): 12:54pm On Apr 20, 2008 |
to do business if you got money you need to know what are you going to do you need to do as follow - studying success possibilities a) kind of Business b) who will be the Consumer(customer) c) how is the competion in the Market( same product,different Product, inflation, ) d) how will be the behavior of the consumer about the business (happy, Unhappy) e) presentation of the businees to call attation of the consumer - Capital invested security A)do not invest a huge money to start the business as you are the bigginer Huge Capital waist of money and no revenue B) plan your capital using Maximun and Minimun capital investment e.g if you want to invest 30,000 use 50% and the rest 50% devide per 4 trimesters increment 15 % per three months after running your audit report to see how business is going on Calculation of Capital Asset the first and important thing in business are asset equipment cost you need to know what kind of asset equipment my business will need ( refer to daily maintenance,operators, fuel etc, ) computerizing my business( Machines, Aplication data base for control etc, ) Vendors and customes if you need to use internal vendor where you need to procure your product, you need to plan how to get them what are the risk if this for external vendor for importation you need to plan to know how you want to get in contact with those vendors ( by Mail, Email, travelling) because you need to create relation with those vendors for easy business running you need to know how the shipment policy is, what kind of reliable shipping Angency i need, to get my product as safe as i want they are many but here i think you got an idea |
Re: You Have Money And You Need Business Ideas? by ArseQPR(m): 3:38pm On Apr 21, 2008 |
This is kinda cool cos I am in such a state as well. Starting a biz I think would involve you having a knowledge of the area you want to have ur biz. This could be a money saving idea cos as a starter you would have to do loads of things for yourself to reduce overheads. A deep knowledge of the area of biz must be known like the back of your hands. One biz I am sure would never run out of customers in Nigeria today is food biz. We cannot have enuf of it and there are areas here that needs competition. |
Re: You Have Money And You Need Business Ideas? by naijacutee(f): 8:25pm On Apr 21, 2008 |
skyee, that's a very good suggestion because I guess the chickens don't cost too much when they are still chicks. After feeding them, breeding them and looking after them until Christmas, I guess one can get at least 100% returns on them - provided one has a little bit of space, and is not too scared to do a little dirty work. Well done. (Please, more posts like yours) |
Re: You Have Money And You Need Business Ideas? by lucabrasi(m): 11:45pm On Apr 21, 2008 |
my dream is to set up a romance/lifestyle magazine in nigeria,pls can anyone give me an idea of the costs and what it ll entail as that has always been my dream after studies and its what i really want to do when i get back to nigeria. skyee: i havnt done it before but i gave our gateman 50pounds like mid 2006 and like last year when i went back home he had like loads of chickens and even gave me 3 big ones when i got home last year which was really suprising , guess someone with a lot more money will do better but i think it needs a lot of time and dedication,medicines n co |
Re: You Have Money And You Need Business Ideas? by Rlst84sale(m): 1:01am On Apr 22, 2008 |
We have poultries when I was growing up so I have a little knowledge of raising chicken. There are different categories of fowls, we have Hacos, Broilers, Layers, I don't remember the last one it's been a long time. Each of these categories grows at different rates therefore it is important to do home work on what type and what kind of results you are expecting. Also raising them will require having schedule on feedtime, when a vet doctor will visit and inorculate them against infections and also securing their cage against predators. Cleaning thier cage daily so that they don't eat thier feaces which is poisonous to them. It is very rewarding if you are ready to give it the time and efforts it requires. |
Re: You Have Money And You Need Business Ideas? by achayz: 6:09pm On Apr 22, 2008 |
to stumble on money is one thing and to indeed know what next is another thing, the best advice is, are u ready for the challenges ahead? most people come in contact with so much money at their disposal but unable to manage it effective and efficiently , so the best way to go about it, is to always have plans ahead in life so that one will not be found wanted when opportunity springs up, investing in stocks and shares are still the vry best bet, or to look out for some other legitimate online business. |
(1) (2) (3) (4) (5) (6) (Reply)
13 Ways You Can Make Money With Your Car / Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips / Nigerian Court Awards $10 Million Damages Against Shoprite For Contract Breach
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 64 |