My fellow nairalanders plz I realy need ur opinion on this very important issue here.
I ve one 130,000 naira in my account which I ve saved for a very long time and I decided to use it for a business purpose, I thought of all the businesses with low capital starts up and decided to end with phone accessories business which include
Batteries
Phone cass en for all phones
Earpiece
Charger
Screen guide
Phone panels of all types
Screen of all types
Etc
Let me break it down how I tend to spend the 130,000 on this business
rent for 6months 30,000
interiors like wooden racks and painting 20,000
Then the remaining 80k I intend to use it to buy goods
And right now am having a problem
My elder brother told me that the money won't be enough that I need up to 500k to start this business and I am tired of setting at home doing noting
That why am here for help if any body who is into this business can give me advice on what to do, and if I don't start the business now I might end up spending that 130k in my account.

Plz help a brother
Cus this very important
Plz don't mind my errors on this piece
Cus I go school but I no finish
Thanks

Xfemt:
My fellow nairalanders plz I realy need ur opinion on this very important issue here.
I ve one 130,000 naira in my account which I ve saved for a very long time and I decided to use it for a business purpose, I thought of all the businesses with low capital starts up and decided to end with phone accessories business which include
Batteries
Phone cass en for all phones
Earpiece
Charger
Screen guide
Phone panels of all types
Screen of all types
Etc
Let me break it down how I tend to spend the 130,000 on this business
rent for 6months 30,000
interiors like wooden racks and painting 20,000
Then the remaining 80k I intend to use it to buy goods
And right now am having a problem
My elder brother told me that the money won't be enough that I need up to 500k to start this business and I am tired of setting at home doing noting
That why am here for help if any body who is into this business can give me advice on what to do, and if I don't start the business now I might end up spending that 130k in my account.

Plz help a brother
Cus this very important
Plz don't mind my errors on this piece
Cus I go school but I no finish
Thanks

Instead of getting rent and buying interior decor, buy a barrow and umbrella and find a spot and stay. Some states pay hawkers permit, that shouldn't be a problem to you though. With time you will save more to pay rent and stuff.

Gboliwe:


Instead of getting rent and buying interior decor, buy a barrow and umbrella and find a spot and stay. Some states pay hawkers permit, that shouldn't be a problem to you though. With time you will save more to pay rent and stuff.

I understand bro
But wht ï want to understand here is
Will 80k buy enough goods to sell for a start up

Xfemt:


I understand bro
But wht ï want to understand here is
Will 80k buy enough goods to sell for a start up

Yes N80k is enough to buy goods for a start. Just concentrate on selling fast moving accessories. Don't go and tie down your funds on outdated accessories noone wants to buy.

Please contact 09039205941. You can buy your accessories @ a cheaper @ anambra state, onitsha main market. 80k is good enough to fill up your shop.

God bless.

You may be surprised that in the process of setting up the shop, you may even spend more than that cash without buying any accessories because there are stuffs you must have skipped in your budget.more over, i don't know if landlords will like to collect 6month rents.
Don't know if where you reside, they do ask for agent and aggreement fees


Guess you also consider generator and light bill.the cash will not be enough if you want to start selling phones.probably accessories will be good for a start up.