Which Business Should I Startup With N600,000 (advise) - Business - Nairaland
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| Which Business Should I Startup With N600,000 (advise) by OLisaMacaulay(m): 4:07am On Oct 17, 2017 |
Hello nairalander,please help me with this,seriously am kind of confused now, I am a web designer and a developer, I developed a project for my clients in Ghana, early last months,they paid me about N600,000, right now the money is with me I don't want to wrongly invest it, as you know our job only comes once in a while,I want to start up a business with this money but I don't know which business to venture into, I really need your advice on this in any way, please this is the only place I can find help. Though my twins brother wants to travel out and he needed about 500k for his visa,should I use the money to sponsor him? Thanks. Business location Port Harcourt. |
| Re: Which Business Should I Startup With N600,000 (advise) by dingbang(m): 6:02am On Oct 17, 2017 |
Send me a pm.. I have a good business idea and I wouldn't like to share it with the public. |
| Re: Which Business Should I Startup With N600,000 (advise) by Nobody: 6:16am On Oct 17, 2017 |
4000 birds capacity poultry farm for sale in ibadan 30 minutes drive from toll gate ibadan, Alao akala express, close to oluyole estate and all major hatcheries in ibadan. THIS ARE WHAT IS ON THE POULTRY FARM 2 rooms completed for store and rest room and *another 2 rooms and bath and toilet and kitchen foundation * Steady Running well water. 100% secured. Good road accessibility. Good Electricity. 40 fit high. strongest bokoharam net. well concrate granite German floor. best Aluminum zinc pan. well ventilated. all on a full plot of land and the poultry is sold with the land. (THE PEN IS SITUATED WHERE YOU GET ALL YOU NEED TO RUN YOUR POULTRY BUSINESS EFFECTIVELY AND EFFICIENTLY WHEREBY COST OF PRODUCTION IS LOW COMPARE TO OTHER LOCATION) Closer to major feed distributors, 15 minutes drive to all major hatcheries and major livestock markets in oluyole estate ibadan, closer to major veterinary products distributors, 20 minutes drive from toll gate ibadan at asabariApata/ kuola area close to Alao akala express ibadan. Asking price 1.5 million naira.*negotiable* for more pictures and enquiries call 08020917141 OR 08024324410. |
| Re: Which Business Should I Startup With N600,000 (advise) by Fingerprinter(m): 6:27am On Oct 17, 2017 |
Op, be wary of the guys above. 1 Like |
| Re: Which Business Should I Startup With N600,000 (advise) by keglo: 6:32am On Oct 17, 2017 |
Invest in agriculture. and have rest of mind. |
| Re: Which Business Should I Startup With N600,000 (advise) by CME01: 6:46am On Oct 17, 2017 |
OLisaMacaulay: I have a frozen food delivery business in Port Harcourt, if you would like to invest lets talk 2 Likes |
| Re: Which Business Should I Startup With N600,000 (advise) by Fxmanager(m): 7:19am On Oct 17, 2017 |
OLisaMacaulay: We are here for you. Your #600,000 can currently give you an average of #30,000+ monthly return investing with us after performance fees. And if you want an average monthly return of more than #300,000 after 48 months of your investment with us, you can do so using compound interest in your investment with us. This means after 4 years of your investment with us using compound interest, you will be getting a average monthly interest/income of more than #300,000 assuming you decide to start withdrawing your monthly interest. This will be possible as long as we stay under our working risk of 5-10% of your capital, and the maximum permissible risk of 30% to your capital. Note: we are doing everything possible to stay under 10% risk to our potential investor’s capital. At 5% average monthly returns using compound interest without withdrawing funds from your account, your #600,000 will grow to more #6,240,762+ in 4 years time (48 months). How is it possible to turn #600,000 to #6,240,762+ in 4 years? It is possible through the power of compound interest as explained below. Compound interest is the concept of adding accumulated interest back to the principal sum, so that interest is earned on top of interest from that moment on. The act of declaring interest to be added to the principal is called compounding.(I.e you decide to add the earned interest to the initial principal in the investment going forward) Monthly compound interest formula We are using monthly here ,since we are talking of monthly returns. The formula for Monthly compound interest, including principal sum, is: A = P (1 + r/n) (nt) Where: A = the future value of the investment, including interest(returns) P = the principal investment amount (the initial deposit amount) r = the monthly interest rate(returns) in decimal. n = the number of times that interest is compounded per month (in this case once or one time) t = the number of months the money is invested Note that this formula gives you the future value of an investment, which is compound interest plus the principal. Should you wish to calculate the compound interest only, you need this: Total compounded interest = P (1 + r/n) (nt) - P Or simply Total compounded interest =A-P Let's look at an example Compound interest formula (including principal): A = P(1+r/n)(nt) If an amount of #600,000 is invested with us and we return a monthly interest rate (returns) of 5%, the value of the investment after 48months (I.e 4 years) can be calculated as follows... P = #6,240,762. r = 5/100 = 0.05 (decimal). n = 1 (since we are compounding it once a month. t = 48. If we plug those figures into the formula, we get: A = #600,000(1 + 0.05 / 1) ^ (1(48)) = #6,240,762 So, the investment balance after 48 months (4years) is #6,240,762 Methodology Step-by-step explained, how we get the #6,240,762. This all revolves around BODMAS and the order of operations. Let's go through it: A = #600,000(1 + 0.05 / 1) ^ (1(48)) Using the order of operations we work out the totals in the brackets first. Within the first set of brackets, you need to do the division first and then the addition (division and multiplication should be carried out before addition and subtraction). We can also work out the 1(48). This gives us... A = #600,000(1 + 0.05) ^ 48 Then: A = #600,000(1.05) ^ 48 The exponent goes next. So, we calculate (1.05) ^ 48. This means we end up with: #600,000× 10.401269646942109782178152880917 = #6,240,762 You may have seen some examples giving a formula of A = P ( 1+r ) ^ t . This simplified formula assumes that interest is compounded once per period, rather than multiple times per period. We have the best currency trading team here to assist you in building your #600,000 to over #6,240,762 in 4years (48 months) (you will be getting an average monthly interest/income of more than #300,000 assuming you decide to start withdrawing your monthly interest after that) and helping you live the life you deserve even without a job. You can give us a trial. This is the best structured, secured and transparent savings/investment you will ever find in this forum. No lock up period on your savings/investments and you can withdraw or close your account anytime. Your withdrawals from our partner broker to your bank Mastercard/Visa debit card takes 2 to 4 days maximum. If you are using ecurrency payment system, it takes 5 mins to the ecurrency payment systems then you can then make instant withdrawals to your Nigerian Bank account using Nigerian trusted e-currency exchanges. You can also use Bank wire transfer. You might be interested in what we offer. We promise a target of average 5-10%+ monthly profit on your savings/investment. Funds in a secured licensed,audited and regulated financial firm. You can monitor your savings/investment anywhere you are in the world 24/7 using any internet enable device. You are free to test us with any amount you can comfortably risk before saving/investing fully with us. Statement of account sent to your email daily. working risk to savers/investors capital is 5-10% risk and maximum permissible risk to savers/investors capital is 30%. Visit the link below. https://www.nairaland.com/3901897/currency-trading-journal-target-avg Visit the posts below to learn how to avoid scam and fraud. 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| Re: Which Business Should I Startup With N600,000 (advise) by Six11(m): 2:37am On Aug 11, 2019 |
If I am in your situation and with an investible sum of money, what I will do is to reflect for a moment and understood I need business ideas which are implementable, practicable and best suited to you. I will suggest to you a great resource " 1000 practical business ideas for Nigerians" with business ideas spanning from Agricultural businesses, health business, IT business, real estate opportunities, fashion and skin care, essential services, transportation, education business, entrainment businesses etc to mention but a few. You will surely find business ideas best situated for you. With this well researched resource guide, you will look no further./07033097160 |
| Re: Which Business Should I Startup With N600,000 (advise) by SavageResponse(m): 8:51am On Aug 11, 2019 |
dingbang: OP, please avoid this guy. He should be bold enough to subject his business idea to public scrutiny if it's real 1 Like |
| Re: Which Business Should I Startup With N600,000 (advise) by SavageResponse(m): 8:53am On Aug 11, 2019 |
4000 birds capacity poultry farm for sale in ibadan Please post pics of the facilities you listed here |
| Re: Which Business Should I Startup With N600,000 (advise) by Charleys: 9:26am On Aug 11, 2019 |
Now that you have that money everyone wants it too. |
| Re: Which Business Should I Startup With N600,000 (advise) by dingbang(m): 10:31am On Aug 11, 2019 |
SavageResponse:if you had sense, you will see that the post was made in 2017. |
| Re: Which Business Should I Startup With N600,000 (advise) by SavageResponse(m): 10:38am On Aug 11, 2019 |
dingbang: If you had any sense you would look for a real business to engage in instead of prowling the internet looking for who to scam! |
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