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Nairaland Forum / Nairaland / General / Business / How Nairaland Has Encouraged Me To Own A Business Today (30690 Views)
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Re: How Nairaland Has Encouraged Me To Own A Business Today by dking123: 12:52pm On Oct 16, 2017 |
Ymodulus:pls explain.let us all learn. i know that some businesses fail from the start. what is the problem with this one? |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Ymodulus: 12:52pm On Oct 16, 2017 |
ElSherriff: Mr man, Whatever you want to say. I have said my opinion and view and if you not happy with it, then am sorry go meet someone to kiss sweet melodies into your ears. Last I checked this is a platform for everyone to make a comment and next time when you want to insult me do it in English and stop giving your tribe a bad name. This is one of the reasons some people labeled your tribe 5% and show hatred. Rubbish 14 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by maasoap(m): 12:52pm On Oct 16, 2017 |
Ymodulus:According to your own past posts and admission on nairaland, you yourself are still lacking in this department. So, show the guy some love. 7 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Nobody: 12:53pm On Oct 16, 2017 |
Imagineers:truth hurt. The shop looks good but sadly, this is another shop on the street that will be struggling for customers. Like Y modulus said, it isn't solving any problem as such. Is it located in a place where people can't get shoes? If yes, it's solving a logistics problem which may be scalable. Fashion and FMCG "business" is about the hardest to survice with the presence of e commerce. Congrats to him. Very much better than doing nothing! 4 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Ymodulus: 12:54pm On Oct 16, 2017 |
Imagineers: Truth be told I am actually even look for my first 100k to go into business.... I am a graduate still looking for job. So yes you are right I ain't worth more than the shirt. Would you mind sparing me 2 or more shirts? Now, big is a subjective word not objective one. Thanks 15 Likes 1 Share |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Ymodulus: 12:55pm On Oct 16, 2017 |
maasoap:Yes bro. My past post are not businesses. They are just at moment survival efforts. I learnt the hard way and do not want him to make same hard mistakes I did. That's truth. 15 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by EZEIGBO1OFIMO: 12:55pm On Oct 16, 2017 |
Ymodulus:you said the truth, but unfortunately, the truth is bitter. 5 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by dking123: 12:57pm On Oct 16, 2017 |
Ymodulus:pls explain.let us all learn. i know that some businesses fail from the start. what is the problem with this one? ElSherriff:The man Ymodulus is a business guru. instead of insulting him,its better you ask him to explain. you may learn one or two things from him. 4 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Singapore1(m): 12:59pm On Oct 16, 2017 |
Ymodulus: truth hurts... the types of business he is doing gives no room for innovation, however i disagree with the idea of not starting small... i had an idea around last year and i approached a lot of investors ... they were afraid to invest in it.. it was when i started with the little i had and they saw the profit ..that was when they all rushed in ( though it was temporary business ) talking about innovation .. he can't improve in this type of business except to expand his shop and buy more shoes ..that's all ... but this type of business doesn't have room for innovation |
Re: How Nairaland Has Encouraged Me To Own A Business Today by maasoap(m): 12:59pm On Oct 16, 2017 |
Ymodulus:I knew what you meant for the guy, you meant well. Your own way of pushing him. He needs advice, and some encouragement to get him going. We're cool, just to let you know that some people follow you bumper to bumper. 3 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Ymodulus: 1:03pm On Oct 16, 2017 |
Singapore1: Thank you brother. [b]You see some people won't understand untill they get to experience things for themselves. There are two type of people. Those who learn from their experience and those who learn from others experience. In Nigeria when you tell someone something unpleasing to his / her ears. You are called names.[/b] 10 Likes 1 Share |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Ymodulus: 1:03pm On Oct 16, 2017 |
maasoap: Thanks 3 Likes 1 Share |
Re: How Nairaland Has Encouraged Me To Own A Business Today by JazzMode: 1:04pm On Oct 16, 2017 |
Imagineers:Bruv, jokes apart dude's no mean folk to be taken likely. He sure means well in his albeit harsh words wherein still lie wisdom for learning. It's the one and only YModulus of Nairaland you are dissing. Op should still read between lines in his thoughts for difficult times still do lurk ahead like I said which test the fundamentals of what is going into. 6 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Nobody: 1:04pm On Oct 16, 2017 |
Singapore1:investors barely invest in startup businesses that do not have traction i.e users or paying customers- revenue. Yes, he has a brand, he can have his own e commerce store or sell on other e commerce stores. He can start producing footwears. Innovation does not necessarily equals growth but improvement will always equal growth. 4 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by samdavjustin(m): 1:07pm On Oct 16, 2017 |
Ymodulus: Is this the real Ymodules or a fake account because am very disappointed to say the least. You do know that shoe business is a multi billion dollars ventures. The space might be crowded and saturated but for a young graduate And first business venture i think he’s doing good 5 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Nobody: 1:08pm On Oct 16, 2017 |
Ymodulus:only fools hate constructive criticism or being scolded. The best businesses have survived treating the harsh feedbacks of customers most important! 2 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by realmindz: 1:08pm On Oct 16, 2017 |
Jiang: Never should anyone listen to this type of advice to forget NYSC. as long as Nigeria is till concerned Nysc certificate is required and that One year is never a waste unless you choose to waste it yourself. There are many opportunities in life and one should never limit oneself, there is no you can ever apply for in Nigeria without Nysc, oil and gas, federal government jobs, banking, audit etc Also scholarships applications require NYSC cert. I'm sure you still remember Dino Meleye Pls endeavor to complete your one year NYSC and it's never a waste. That some people wasted their one year does not mean you cannot engage in meaningful things, learn and acquire skills. 5 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by pedrilo: 1:09pm On Oct 16, 2017 |
Pls give me a range of the total cost of all u spent, shop rent inclusive. |
Re: How Nairaland Has Encouraged Me To Own A Business Today by losgiddy: 1:10pm On Oct 16, 2017 |
Personal Assistant needed I'm Lagos for losgiddy media losgiddy.com - Must live within the Yaba/Surulere axis - Must be done with NYSC - Must have a flair/interest for the arts and photography - Must have a deep knowledge of Microsoft Excel & Word - Must be humble and willing to learn and grow send cvs to losgiddylogistics@gmail.com 09074004166 www.losgiddy.com |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Singapore1(m): 1:10pm On Oct 16, 2017 |
Ymodulus:average Nigerian is never hungry for creativity once they are able to feed 3 times daily, they are satisfied take ELON MUSK for example he started a company which he later sold to COMPAQ , if it's an african man that is where he would stop and start earning passive income .. he didnt stop there he went ahead and found x.com where they later merge with PAYPAL and sold for 300 million, that is what i called innovation ..again average african would have stopped, after selling to EBAY ...he took the bull by the horn and created electric cars the first successful business since FORD ..now hyper-lob and SpaceX i am using elon musk as an example because he is young .... 10 Likes 2 Shares |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Maduawuchukwu(m): 1:14pm On Oct 16, 2017 |
majekdom2: Help me tell am. A successful business is anything that brings in income. As long as the guy gets customers who bring income he has fulfilled his aim. All those Igbo multimillionaires in markets, was it not like this they began? 4 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by realmindz: 1:14pm On Oct 16, 2017 |
Ymodulus: Nice one. I like when someone addresses an issue without sentiments. Sentiments has been the line between progression and retardation. Here in this part of the world, people are filled with sentiments and emotions that's why we are not progressing. I had a similar opinion but decided to keep silent as I saw others ushering praises, any contrary view would be seen as bad belle, jealousy, enemy of progress. It is highly commendable that he has taken the courage to start something, but what he has started may not be something new just another shop in the street. Perhaps more problem has just been created, more shops, more competition, more difficulty for even the buyers to locate their desires. What if the shoe business comes in a more innovative way, what if it can solve the problem of having less shops around but flexible accessibility? Otherwise, are we just going to have another shop with slow sales then which gradually withers as others have always done 6 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Singapore1(m): 1:15pm On Oct 16, 2017 |
majekdom2: exactly what i am saying, but there are some type of foundation you lay that gives room for serious improvement, this is not the type .. talking about investors i have been there, truth is Nigeria is way way behind in terms of investing in an idea but that doesn't stop us from trying it shouldn't stop us from being creative ( it didn't stop me ) there are some kind of business that is short-term business, you do it once and for all and gerrout , but seems the op is not planning to leave this kind of business anytime soon which will be very bad for him in the nearest future 2 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by JazzMode: 1:15pm On Oct 16, 2017 |
majekdom2: True. Op will definitely have a variety of opinions from many with strong business background to look at and draw ideas from with this thread. Ideas rule the world. 1 Like |
Re: How Nairaland Has Encouraged Me To Own A Business Today by FRANKOSKI(m): 1:16pm On Oct 16, 2017 |
I WISH YOU MORE SUCCESS. |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Maduawuchukwu(m): 1:17pm On Oct 16, 2017 |
Singapore1: Different goals for different folks; some don't want to be like Elon Musk. They just want to feed their families. Your aim should be to motivate those ones who want to be like him and not to demotivate those ones who just want to hustle. 4 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by comm: 1:20pm On Oct 16, 2017 |
Ymodulus:Assuming you spent on shop rent =300k Tiling. =~60k Electrical wrk/equipmt =20k Generating set =~60k Stock =~500k stipend for shop keepers =i don't knw I think he has worked very hard to raise such capital and deserve your respect 10 Likes |
Re: How Nairaland Has Encouraged Me To Own A Business Today by computerboy: 1:20pm On Oct 16, 2017 |
Ymodulus: I understand where you're heading at that's exactly why i said unless he got no visions. I still believe he started well judging by his available finances and limited knowledge. You know sales is what keeps a company mostly... By selling first, he gets to know the in and out of the business So that when and if he finally launches his own brand, the probability of failure will be very low... Remember most entrepreneurs fail in their first few years, that's cos they started big on something they don't know very well. This his stage now is more like "learning trade" stage. As long as he's a focused person, there's room for innovation and significant growth in the future. 5 Likes 1 Share |
Re: How Nairaland Has Encouraged Me To Own A Business Today by maasoap(m): 1:21pm On Oct 16, 2017 |
Imagineers:Wrong bet. I knew that @Ymodulus would attract a lot of criticism and anger from people because of the style he used while commenting on this thread. Take it easy with Ymodulus. 1 Like |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Singapore1(m): 1:22pm On Oct 16, 2017 |
Maduawuchukwu:there is what we call luck ... there was a time people are rushing USA because they hear a lot of people are successful going to USA ... but that is a very wrong assumption take for example if 100 people apply for visa and were given visa ... obviously not all the 100 will fail we will see at least 20 out of 100 become successful .. the thing about success is that it spread faster than failure that is where you see news everywhere that you have higher chance of being successful if you travel abroad in search for greener pasture .. what about the remaining 80 same thing can be said for successful multimillionaires in market .. what about the number of unsuccessful one ..doesn't count ? why do we have to make plans base on LUCK ... luck should be extras now the probability of him being successful in this type of business is 1/200,000,000 maybe we all have different definition of success ... maybe eating 3 times a day conveniently is success |
Re: How Nairaland Has Encouraged Me To Own A Business Today by Maduawuchukwu(m): 1:22pm On Oct 16, 2017 |
Singapore1: And yet I see people who have been in the business of selling shoes,clothes and other consumables for years and they are still going strong. What do you say? 1 Like |
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