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What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st - Family - Nairaland

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What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by roundandbrown: 9:58am On Apr 30, 2016
pls house your urgent advice is needed here
Am a regular member of this forum but I am in a serious dilemma now.

I leave in a face me and face u apartment which am not in any way comfortable with at all, this apartment have denied me a lot of friends and family as I always hide my house away from them.

I have Been able to save 500k from my work that pays me 70k monthly but while trying to relocate from here to a mini flat that will cost me nothing less than 350k both agency and agreement at Ajah another idea popup that if I can still manage this house for the main time and diversify my income to any other adviceable lucrative business?

NB I have a baby mama and my girl that will be joining me soon as she is presently with her parent.

pls my request now is,should I relocate with the money or I should start a business with it and what kind of business can u suggest sir and ma..
may the Lord be with you and always contribute to your life positively as you do to a fellow brother.
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by nigeriancritic1(m): 10:05am On Apr 30, 2016
roundandbrown:
pls house your urgent advice is needed here
Am a regular member of this forum but I am in a serious dilemma now.

I leave in a face me and face u apartment which am not in any way comfortable with at all, this apartment have denied me a lot of friends and family as I always hide my house away from them.

I have Been able to save 400k from my work that pays me 70k monthly but while trying to relocate from here to a mini flat that will cost me nothing less than 350k both agency and agreement at Ajah another idea popup that if I can still manage this house for the main time and diversify my income to any other adviceable lucrative business?

NB I have a baby mama and my girl that will be joining me soon as she is presently with her parent.

pls my request now is,should I relocate with the money or I should start a business with it and what kind of business can u suggest sir and ma..
may the Lord be with you and always contribute to your life positively as you do to a fellow brother.
The moment you relocate from single! E finish for you be that.
Don't leave the single without buying a land and start construction. Flat na drain pipe oh! My stupid brother.

2 Likes

Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by mamawin(f): 10:07am On Apr 30, 2016
The business option is good, because yr expenses are about to increase, but look before you leap
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by roundandbrown: 10:08am On Apr 30, 2016
nigeriancritic1:

The moment you relocate from single! E finish for you be that.
Don't leave the single without buying a land and start construction. Flat na drain pipe oh! My stupid brother.

hmm adding silly to your last advice make u unworthy adviser bro..thanks for your response anyway....
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by Nobody: 10:14am On Apr 30, 2016
roundandbrown:
pls house your urgent advice is needed here
Am a regular member of this forum but I am in a serious dilemma now.

I leave in a face me and face u apartment which am not in any way comfortable with at all, this apartment have denied me a lot of friends and family as I always hide my house away from them.

I have Been able to save 400k from my work that pays me 70k monthly but while trying to relocate from here to a mini flat that will cost me nothing less than 350k both agency and agreement at Ajah another idea popup that if I can still manage this house for the main time and diversify my income to any other adviceable lucrative business?

NB I have a baby mama and my girl that will be joining me soon as she is presently with her parent.

pls my request now is,should I relocate with the money or I should start a business with it and what kind of business can u suggest sir and ma..
may the Lord be with you and always contribute to your life positively as you do to a fellow brother.
When you relocate, you will still have to spend a lot more to put that apartment in proper shape. That means you will still need to hide the place for a while. Think about this, if you move in today and you got sacked the following month (possibility), how do you intend to cope considering the fact that you will now be living with your 'babymama' with tendency for increased expenditure? Business, on the other hand 'no be beans'. If u just rush into it, you may end up wasting the money with possibility of debts. Will you even have time for the business with your present job? If you want to go into business, I will recommend well-researched online biz that will not require much of your time. My2cent

1 Like

Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by njideoby(f): 10:15am On Apr 30, 2016
Invest that money for at least one year, use the gain from the investment to relocate. if u move now,by the end of the year when your rent is due again how will you cope?
You can open a barbing salon,employ someone to work for you while you learn the craft at your spare time.
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by jaymejate: 10:27am On Apr 30, 2016
400k? Chai na money o. OK
1... Get a land at least 4 where it is cheap OR
2... Did you know that transport business booms a lot, get a motor, paint it to taxi, give it to a person. Make sure say you do that in a proper way that he no go run with your motor o. Delivery per day
3... Never leave where you are living now o, that's what 70k per month can still do now.
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by Acidosis(m): 10:32am On Apr 30, 2016
nigeriancritic1:

The moment you relocate from single! E finish for you be that.
Don't leave the single without buying a land and start construction. Flat na drain pipe oh! My stupid brother.

Take this advice at your own peril.

You didn't even bother to know the location of his workplace. What will N500k do around his preferred location?

Or do you expect him to start building in Ogbomoso, while he works in Ajah, just so he becomes a Proud Landlord?

My advice for you @OP is to find a way to double your savings. Take 30% of that amount to get an apartment, put 40% on land or a business, and keep the rest for the upkeep of your family and other emergencies

5 Likes

Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by nigeriancritic1(m): 10:35am On Apr 30, 2016
Acidosis:


Take this advice at your own peril.

You didn't even bother to know the location of his workplace. What will N500k do around his preferred location?

Or do you expect him to start building in Ogbomoso, while he works in Ajah, just so he becomes a Proud Landlord?

My advice for you @OP is to find a way to double your savings. Take 30% of that amount to get an apartment, put 40% on land or a business, and keep the rest for the upkeep of your family and other emergencies
Not really. Stay put. Invest the money to a bigger return. Relocate when its safe. Block head!
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by roundandbrown: 11:28am On Apr 30, 2016
obasy09:
ne biz that will not require much of your time. My2cent
my brother u just pointed out my phobia on relocation for now... but pls can u recommend any online lucrative business. .. thanks a bunch
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by roundandbrown: 11:29am On Apr 30, 2016
njideoby:
Invest that money for at least one year, use the gain from the investment to relocate. if u move now,by the end of the year when your rent is due again how will you cope?
You can open a barbing salon,employ someone to work for you while you learn the craft at your spare time.

thanks dear will ruminate over this
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by roundandbrown: 11:34am On Apr 30, 2016
jaymejate:
400k? Chai na money o. OK
1... Get a land at least 4 where it is cheap OR
2... Did you know that transport business booms a lot, get a motor, paint it to taxi, give it to a person. Make sure say you do that in a proper way that he no go run with your motor o. Delivery per day
3... Never leave where you are living now o, that's what 70k per month can still do now.

it's 500k. getting a land in which area of lagos
? and the transport business I did it before and writhing 3 month the Marwa had a serious accident that the rider ran away and d guarantor can do nothing but begging that it even add up police expenses to my neck.ever since then I have vowed not going it no transport
my major reason of this topic is what investment can yields me more profit so as to pack out of this environment
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by roundandbrown: 11:39am On Apr 30, 2016
[quote author=Acidosis post=45176944]

Take this advice at your own peril

thanks bro and leave that fellow with his insult .that is d best he can offer...just thinking of the kind of business I can do that will yields profit without affecting my work,albeit my work doesn't even take most of my time as it's a marketing job
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by egopersonified(f): 1:04pm On Apr 30, 2016
[quote author=roundandbrown post=45178924][/quote]

Since you already market, why not get products or services you can market along side
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by roundandbrown: 1:24pm On Apr 30, 2016
egopersonified:


Since you already market, why not get products or services you can market along side

if there is I won't b here asking question
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by Acidosis(m): 1:56pm On Apr 30, 2016
roundandbrown:

thanks bro and leave that fellow with his insult .that is d best he can offer...just thinking of the kind of business I can do that will yields profit without affecting my work,albeit my work doesn't even take most of my time as it's a marketing job

1. Pay me N38,000, and I will give you an outstanding business plan on a "Business Centre."

Actually, you can invest in this business without necessarily engaging a business planner, a simple google search would give you nice tips, but there are certain things they'll never put online, or rather, things they do not know.

If you invest like the regular business centres out there, you sure can make a profit of N3000 - N5000 on a daily basis.

2. I don't know much about the profitability of a Barber's Shop, but you can make your findings.

3. You can invest in e-commerce (you can concentrate on Male T-Shirts, or Wristwatch, Wallet, Belts, etc.)

4. You can speak with your baby mama. Is she gainfully employed? Is she involved in any business? May be you can invest some money to fund her business, or something.

3 Likes

Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by omarithmetics: 5:28pm On Apr 30, 2016
Business? With 500k? Taaahh! F it...I say pay the 350k rent, with the rest get a good generator and aircon. You Only Live Once.
I'm nt sure if you're goin to make rent nxt year tho
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by byvan03: 7:15pm On Apr 30, 2016
Buy a bike and give to a trusted individual to be making returns for you on the ground of hire purchase. If the first one is doing well, you can get another with the remaining money. Try one bike first or go for a tricycle.

1 Like

Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by olasha1(m): 2:31am On May 01, 2016
My advice for you is to get yourself a toyota naija used and be using it as cab after work and gradually u will get stable client and with this u can then plan to relocate..your business first idea is d best and from the way am seeing it your babymama is not productive Because she should have be the 1 to established while u face your work squarely.if am right on her? Then u have no wife yet.bitter truth
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by olasha1(m): 2:34am On May 01, 2016
[quote author=Acidosis post=45182731]

1. Pay me N38,000, and I will give you an outstanding business plan on a "Business Centre."

Actually, you can invest in this business without necessarily engaging a business planner, a simple google search would give you nice tips, but there are certain things they'll never put online, or rather, things they do not know.

If you invest like the regular business centres out there, you sure can make a profit of N3000 - N5000 on a daily basis.
Bro u weekend ooo.to dash u 38k just like that with your quack internet advice,I hail oo.u even know d business than what he can get from google
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by roundandbrown: 11:09am On May 01, 2016
[quote author=Acidosis post=45182731]

1. Pay me N38,000, and I will give you an outstanding business plan on a "Business Centre."

38k loun loun.
just a brother man and can I explain more on the E-commerce u mentioned
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by roundandbrown: 11:12am On May 01, 2016
[quote author=olasha1 post=45199974]My advice for you is to get yourself a toyota naija used and be using it as cab after work and gradually u will get stable client..

thanx bro and what may be the likely average income on the cab and can u recommend any nice used Toyota for me
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by jaymejate: 1:45pm On May 01, 2016
roundandbrown:


it's 500k. getting a land in which area of lagos
? and the transport business I did it before and writhing 3 month the Marwa had a serious accident that the rider ran away and d guarantor can do nothing but begging that it even add up police expenses to my neck.ever since then I have vowed not going it no transport
my major reason of this topic is what investment can yields me more profit so as to pack out of this environment

Go in to taxi biz, the fact that the first ran away doesn't mean it will happen again. Back it up with prayer. That's a good business

1 Like

Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by Acidosis(m): 2:04pm On May 01, 2016
[quote author=roundandbrown post=45207130][/quote]
He he, its a good deal my brother.

I also share in the idea of cab business. You can speak with people in that line. But the idea of spending your entire savings on a Cab is terrifying.
Re: What Business Can I Do With 500k Or I Should Relocate From My Single Room 1st by olasha1(m): 8:03pm On May 01, 2016
[quote author=roundandbrown post=45207166][/quote]
go to auto section. .. or contact Gatuzo or siena

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