Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,207,749 members, 8,000,183 topics. Date: Tuesday, 12 November 2024 at 02:08 AM |
Nairaland Forum / Nairaland / General / Business / What Is Your Worst Business Investment And How Much Did You Lose? (103214 Views)
How Much Did You Lose Trying To Return The Old Naira Notes To Banks? / Share Your Worst Business Experience / Share Your Worst Broke Moments Experiences In Life (2) (3) (4)
(1) (2) (3) ... (5) (6) (7) (8) (9) (10) (11) ... (33) (Reply) (Go Down)
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Agp19(m): 7:49pm On Nov 19, 2018 |
spiritedtete:true talk!! Just my kind of mentality. |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Grupo(m): 7:49pm On Nov 19, 2018 |
generationz: Greg preece |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by bedfordng(m): 7:51pm On Nov 19, 2018 |
hmmm 1 Like 1 Share |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by generationz(f): 7:52pm On Nov 19, 2018 |
Grupo:thanks 2 Likes |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by seegi(m): 7:53pm On Nov 19, 2018 |
wow. what a nice thread. am here to Learn cuz am an aspire Entpreneur(Netpreneur tn b precise). as a struggling student i do many sort of business (hustling). but a business i always do is buying and selling of phone. but i go bankrupt recently after i buy a phone then it was stolen anoda one is buying a phone wit d hope of selling it get some cash to survive as usual but d phone get fault bynd repair. even am typing dis message with a JAVA Phone am left wit cuz i loose all my money on dat phone i still owe some people moni. So plz i don't mind if any one can volunteer to mentor me on all dis online buz(dropshipping and co) and my major challenges on pursuing dat dream are no adequate knowledge, and i dont ave d required gadget (Phone and Laptop) i dnt mind help from any one. thanks 6 Likes 4 Shares |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by OyiboOyibo(m): 7:53pm On Nov 19, 2018 |
ololadeking: |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by HardMirror(m): 7:54pm On Nov 19, 2018 |
Gaspardd:what ever you do. NEVER do day trading you are smart. cc loj 1 Like 3 Shares |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by gbosah91(m): 7:57pm On Nov 19, 2018 |
Invested over one million in transport business... Lost everything so sad 5 Likes 2 Shares |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by sircrabo: 7:57pm On Nov 19, 2018 |
oneluv11: |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by sircrabo: 7:58pm On Nov 19, 2018 |
oneluv11: Let me try your 2 odds broda, I had stopped anything Bet but I will like to give 2 odds a try. send number pls |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by ponti93(m): 7:59pm On Nov 19, 2018 |
1Ronaldo:are you serious about the geisha... The one on Facebook? |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Ndubuisipaul1: 8:00pm On Nov 19, 2018 |
HardMirror: After reading you comment tears roll through my eyes . How can a young man like me be mentioning that he lost this huge amount of money in this same country that I have struggled all through my life. unless you are lying but if not, you must be from a well to do home. or you are one of those few lucky ones .because for me the maximum investment that I lost in my 30th year of age is less than 10000 ( ten thousand) I invested on selling phone charger in fact I have never had 50000 ( fifty thousand ) whole as my money in my account for the first time in my life. I know some people case are even worse. 40 Likes 2 Shares |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Tallesty1(m): 8:01pm On Nov 19, 2018 |
HardMirror: Eberechi24: They're not fraudsters really, reputable company with branches in many states. They're still in operation. What I discovered was that two people were supplied the same pins but the first person distributed it first so I was on the losing side. More like an error from the sales department and they don't wanna own up to the truth. I lost because it was written in the signed agreement that they're not responsible for whatever happens to the pin once they're delivered to your inbox so they kept saying that my email was compromised and stuffs like that but that's not true. I marked every read email containing the pins as unread and I changed my password after every successful download. These orgs have smart lawyers that got their backs at all times. 5 Likes 2 Shares |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by koolaid87: 8:03pm On Nov 19, 2018 |
Buying transcorp shares 7 Likes |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by samuelonyewueny(m): 8:07pm On Nov 19, 2018 |
baakus: God bless you for your first sentence... I learnt deep from it.. 2 Likes |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by skyhighweb(m): 8:09pm On Nov 19, 2018 |
Andrew202: hi i run a recording studio house 10 studio i had artist trying to sweet talk me into promoting them n signing and all i just told them point blank d best i could do was give them free recording sign n agreement with them also u should have invested in marketing d studio not in artist never shoot expensive videos if u not known yet, shoot moderate videos n promote with d remaining money artist are lazy dey find it difficult promoting d studio dey work like somone else will come n. record for free n. take der spot. anyway its all good na struggle things till we find our footing. 11 Likes 1 Share |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Purplekush(m): 8:09pm On Nov 19, 2018 |
spiritedtete: Big bro, pls what business niche are you in? 3 Likes |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by agarawu23(m): 8:09pm On Nov 19, 2018 |
I lost heavily in transportation business In 2013. Lost over 2.3m cos I wasn't available to monitor the business myself. Total remitted was below my investment and I sold the buses at a loss. Don't get it twisted, I started the business again while I am around and it's going smoothly. Drivers are crazy......so u need to come down to their level and kick their ass. 55 Likes 2 Shares |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Paulpaulpaul(m): 8:10pm On Nov 19, 2018 |
Bit more than I could chew in 2014. Just graduated, waiting for NYSC mobilisation and I borrowed money to set up a block industry in Abuja. The demands to pay back, my brother-friend lifesaving on the line and some other factors I still don't understand crumbled the business. I lost about 350k. I still live with the pain of losing someone's money. Bought a commercial vehicle in Lagos in 2015/16 while serving but wicked drivers and personal carelessness cost me that too. Now in a private school doing A for Apple, B for Ball till I get enough capital to venture into another business. God help me 94 Likes 4 Shares |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by olexjay(m): 8:13pm On Nov 19, 2018 |
egwekwe:I swear... Na pray I dey pray |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by olatuneji: 8:14pm On Nov 19, 2018 |
spiritedtete: Bro God bless you for saying this.You sincerely hit the main point. There is nothing absolutely new in this world.nothing will forever remain permanet. one can hit a jackpot of #30million tonight and lost everything within 24hrs.one can make a profit running into billions of naira from a contract and in the next 20yrs turn beggar. Anyone who is a deep thinker will reason with me that our primary aim of coming to this world is to make IMPACT. No doubt money gives comfort,gives good life and will enable one to feeds fine. Surely,there would be wealthy class of people during Michael Faraday era,but how many do you and i know. My approah and view to money is different.i'm equally not desperate.I'm in my late 20s,unemployed.When i read the thread,"how old were you when you made your first million." last night i was never in a way moved.I dont wish evil and lost to all those who shared their wonderful experience on that thread,but if all of them should in anyway go back to that thread in the next 20-30yrs,you will see that not all will...... 35 Likes 4 Shares |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by atomicstructure(m): 8:15pm On Nov 19, 2018 |
2 years ago I invested ₦400,000 into a betting business but I didn't do my feasibility studies because I went to open SUREBET instead of BET9JA. As I was still furnishing the betshop, customers were already telling me it must be BET9JA but I insisted it's going to be SUREBET because of the livebet and highest odds they operate with. Immediately I opened the shop, people were just asking for BET9JA instead of the SUREBET I opened. People will come and watch free match with BET9JA tickets and go. I paid for 2 years rents in the shop. 2 systems and 4 monitors, a printer(Lazer Jet), a thermal ticket printer, fan, electrical, furniture and Generator(7kva) which wasn't part of the ₦400,000. 2 months after, I closed the shop because a BET9JA shop opened 2 houses away beside me. 27 Likes 2 Shares |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Agp19(m): 8:17pm On Nov 19, 2018 |
richie9093: |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Wiinnd(m): 8:19pm On Nov 19, 2018 |
Phyde:Baba, how you take win that bet9ja money? How much u take play am? Show me the way? |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by oghenerunoh(m): 8:22pm On Nov 19, 2018 |
oneluv11:how can i get ur 2odd everyday |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by qanda: 8:23pm On Nov 19, 2018 |
Following |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by aboyaji(m): 8:25pm On Nov 19, 2018 |
I had to put mine up for the sake of service to mankind. I have been looking for a way of putting my sad experience to writing all these years. I started importation business in 2014 when I lost my job. I started importing watches, Jerseys, Phones, anything that moves fast. I joined it with dropshipping too as I reside in the Eastern part of Nigeria where goods are also cheaper and affordable. Everything were going simultaneously as I introduced local online shopping from Konga and JUMIA and the businesses were running smoothly. I had no shop at the moment and had no intention of getting one cos I was making it that way. It was faster. My younger sister would call from school and place orders and I send them across while she remits within the week. I had bigger plans for the business that I started making contacts with the international markets and also updating myself with the Nigerian shipping companies. Visited a number of them then like KINGSOO group in Trans Amadi in portharcourt for my Maiden shipping. I was focused... Not until sometime almost at the end of the year, I lost all. I got in contact with a brother who lives in another state and told him about my business and the goods I deal in, he got interested as he was financially buoyant. We fixed day and time for me to travel to his state. He made his orders and I delivered as more orders came from him for other people which I still delivered. I was oblivious of the fact that family should be kept away from business as my friend warned me before I embarked on that journey of no return. I kept asking for the money for months which took years and now, more years to even pay for at least for one single item out of a whole lot of items delivered. It dawned on me later that he had no intention of paying me at all. So many measures were taken to get the money back which wasn't fruitful. 29 Likes 4 Shares |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Spain007(m): 8:26pm On Nov 19, 2018 |
Paulpaulpaul: U got me laughing out loud with ur words A for Apple, B for ball... However it's well bro, No Pain no Gain. 28 Likes 1 Share |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by TechCapon(m): 8:26pm On Nov 19, 2018 |
hahn:my brother. I read your story and was touched and inspired at the same time. Obviously you're an expert in blogging. Take a look at my blog because I don't know why Google haven't approved my adsense. Another thing is please drop ur whatsapp number cos there are some blogging questions I want to ask you about. Thanks |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by timsucess(m): 8:27pm On Nov 19, 2018 |
spiritedtete: Nice knowing they are people around who prioritizes helping people wish I can get such a helper 1 Like |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Confussion2: 8:29pm On Nov 19, 2018 |
(1) I got employed with relatively good pay. Saved up to 3m. So one man close to my house whom I have done biz with before told me about dredging biz. Me and him and two other guys teamed up together to do the biz bcuz it is capital intensive. We contributed 3m each or so I thought. We have already secured a massive water front where we will get the sharp sand. Construction Companies were already promising us patronage wen we finally start. Being that i'm working, most of the running around was done by two guys ( my friend and one other guy). This my friend-older than all of us is the front guy in the biz. He is from Rivers man and knows quite alot of people.So he was the one that got us the contact for the water front. We entered agreement with the owner of the water front. infact we had to even pay him 400k to ward off one Italian company that wanted to take the biz from us. Time to look for dredger and this other guy went and brought his relative rickety dredger. When the owner of the water front saw the dredger we brought he said we are not serious. And that was how he cancelled the contract and gave it to intalian company. Nowtime for me to collect my money and this my friend started giving me stories. I never knew the money he was using to buy me bolle and fish na my money. Bcuz we have not signed the contract before sending d money, my money went fiam till date partly bcuz I was not alwys with them running around for the biz. (2) One guy i met during nysc and have remained friends with since then brought one biz about helping hands.One of the organizers of the scheme had told him we can make 9m if we invest 4m. 1m again down the drain. Wont even talk of small ones like 600k for trucking which I only made 200k. All in all, the experience here is that one needs indept knowledge of whatever u want to get iivolved with. And dont ivest in biz u wont have time to manage. 52 Likes 4 Shares |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by timsucess(m): 8:30pm On Nov 19, 2018 |
baakus: Help a brother introduce me to your business Am a fresh graduate |
(1) (2) (3) ... (5) (6) (7) (8) (9) (10) (11) ... (33) (Reply)
Polaris Bank - 6 Tips To Help You Keep Your Money Safe This Holiday Season / Otedola Buys 3 Ferrari Portofino For His 3 Daughters - DJ Cuppy, Temi, Tolani / Forever Living Products - The Best Opportunity In The World
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 85 |