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Nairaland Forum / Nairaland / General / Business / #50,000,000 Business Advice (938 Views)
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#50,000,000 Business Advice by Kunle56: 8:58pm On Apr 04 |
I need advice on which business I can start with 50M and expect a monthly return of 1M and above |
Re: #50,000,000 Business Advice by dawnomike(m): 9:28pm On Apr 04 |
Kunle56:Exportation, finance home or FMCG distributorship 1 Like |
Re: #50,000,000 Business Advice by ambale(m): 2:02am On Apr 05 |
If you truly have 50m then you might want to consult a professional to give you a guide as to how best for you to invest the money If we give you business now, you will not even reply or say anything again 2 Likes 1 Share |
Re: #50,000,000 Business Advice by ASAPFERG: 6:00am On Apr 05 |
Kunle56:50m will build you a very nice 10 rooms brothel. 1 Like |
Re: #50,000,000 Business Advice by wittywriter: 9:25am On Apr 05 |
Re: #50,000,000 Business Advice by Bruno3000(m): 10:01am On Apr 05 |
Nigerians are hungry. The population is also growing. Do the math, invest in agriculture. Rice farming and processing, supply agro raw material to agro-allied industries, keep livestock like goat, cattle, fishery. Poultry etc Do these and become a billionaire in 5 years time. 3 Likes |
Re: #50,000,000 Business Advice by TrennixGLOBAL: 11:10am On Apr 05 |
Bruno3000: Good idea. |
Re: #50,000,000 Business Advice by samwash(m): 3:26pm On Apr 05 |
Look for warehouse in a good location and start FMCG distribution. |
Re: #50,000,000 Business Advice by Kunle56: 4:15pm On Apr 05 |
wittywriter:Yes my funds are in usdt, I'm also a crypto trader 1 Like |
Re: #50,000,000 Business Advice by Kunle56: 4:16pm On Apr 05 |
ambale: I'll definitely reply |
Re: #50,000,000 Business Advice by chiste1: 9:44pm On Apr 05 |
Invest in house flipping especially on the mainland and thank me later. I would have suggested crypto trading but I'm happy you are one already. Another option you might want to consider is investing in the growing "New Lagos" location at Epe/Ketu Epe. If you need ideal prime locations to invest in those areas, I'll be more than glad to be of help. |
Re: #50,000,000 Business Advice by Kunle56: 1:20am On Apr 06 |
ASAPFERG:How profitable is brothel biz? |
Re: #50,000,000 Business Advice by Kunle56: 1:24am On Apr 06 |
samwash:Can you give me suggestions and what their profit margin like |
Re: #50,000,000 Business Advice by Kunle56: 1:27am On Apr 06 |
Bruno3000:I was once interested in poultry farming I just don't know how profitable it is. What is their profit margin like |
Re: #50,000,000 Business Advice by Bruno3000(m): 8:54am On Apr 06 |
Kunle56:The high cost of feeds have driven many from the business. However, the demand for eggs and chicken meat is still high. Therefore decent profit is guaranteed. Do some feasibility study and then decide. |
Re: #50,000,000 Business Advice by ASAPFERG: 8:59am On Apr 06 |
Kunle56:you will be making minumum of 1m per month |
Re: #50,000,000 Business Advice by ambale(m): 10:29am On Apr 06 |
Kunle56: Was working on a startup sometimes ago, if you don't mind you can connect with me and we discuss it better One is a real estate platform and the other is on agriculture |
Re: #50,000,000 Business Advice by Kunle56: 10:37pm On Apr 06 |
ambale: Website and application based?? |
Re: #50,000,000 Business Advice by CreativeGee: 7:45am On Apr 07 |
Kunle56: Don't go and invest the whole 50M at once o Start small and grow it. My advice is to either learn and venture into arbitrage blogging or partner with a professional arbitrage blogger and invest with him. |
Re: #50,000,000 Business Advice by Kunle56: 9:17am On Apr 07 |
CreativeGee:Okay thanks |
Re: #50,000,000 Business Advice by AbdulazeezBaba: 11:31am On Apr 07 |
Meat business value chain 87 million Naira monthly. Details available |
Re: #50,000,000 Business Advice by AbdulazeezBaba: 11:32am On Apr 07 |
Meat business value chain 87 million Naira monthly Revenue. Details available |
Re: #50,000,000 Business Advice by mainkendo: 2:21pm On Apr 07 |
AbdulazeezBaba:Please expantiate |
Re: #50,000,000 Business Advice by Kunle56: 7:02pm On Apr 07 |
AbdulazeezBaba: Can you explain? Don't forget my capital is 50M |
Re: #50,000,000 Business Advice by AbdulazeezBaba: 9:24pm On Apr 07 |
Linvestoilgas@yahoo.com Send me email please |
Re: #50,000,000 Business Advice by ambale(m): 10:38pm On Apr 07 |
Kunle56: Yes, its basically a tenancy management platform |
Re: #50,000,000 Business Advice by Kunle56: 12:39am On Apr 09 |
ambale:Is 50M not too much for such biz? |
Re: #50,000,000 Business Advice by ambale(m): 6:36pm On Apr 09 |
Kunle56: As at the time of conception, the budgeted value was 15m, but with the current situation, we may have to revalue things |
Re: #50,000,000 Business Advice by NairalandAngel(m): 3:17am On Apr 10 |
Kunle56: I have been down this road before so listen very carefully to what I have to tell you First - Nigerians have no regard for business agreement whether written or verbal therefore if you go into any form of partnership with the anyone where you would provide the capital just know that at some point he would renege on your business agreement and cheat you. If you must go into business partnership where you would provide capital then just make sure that your money does not leave your sight at any point in time. You can do this by ensuring that the business has a dedicated bank account with you as the sole signatory and you must vet all payments going out through that account. Do not ever invest your money in a start-up business, if you do just kiss the money good bye. I can guarantee you that most of the people making noise about some fantastic business that pays millions of Naira as returns have never actually run that business before but they will come here to boast and make empty promises they can never achieve. Any money you invest in a start-up will be used for experiment and learning curve therefore just kiss it good bye cos you will never get it back! Don't be fooled by business plans showing fantastic figures, anybody can prepare a business plan and garnish it with cooked up figures. Do not ever put your money in a business that is not at least 5 years old and you can see evidence that the promoter of the business has actually taken a risk by investing a significant amount of capital. With regards to security of your funds I would advise you to give a loan and ask for a solid asset as collateral security instead of just making an equity investment. One animal with Nairaland moniker Mel... who I invested N2 million in his business absconded with my money to the UAE, this is just one of my terrible experiences. In conclusion the only business worth investing money in as far as Nigeria is concerned is a business you are managing yourself. If you do not have the time to manage the business yourself then just leave your money in the bank or invest it in treasury bills, that way you will sleep easy knowing that someone is not scamming you under the guise of business partnership! 5 Likes |
Re: #50,000,000 Business Advice by Kunle56: 11:11am On Apr 12 |
NairalandAngel: Thanks |
Re: #50,000,000 Business Advice by slimdel91: 2:10pm On Apr 12 |
I will suggest FMCG distributorship. If you're in a lagos, Rent a store/ warehouse around lagos island Market. Go for brand like NBL, Nestle, & other brand. dawnomike: |
Re: #50,000,000 Business Advice by Kunle56: 11:50pm On Apr 12 |
slimdel91:Okay thanks |
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