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Nairaland Forum / Nairaland / General / Business / If You're Not Ready For Heartbreaks, Never Start Up A Business (35127 Views)
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Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Clemercy2: 6:44pm On Jan 31, 2019 |
True |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Nobody: 6:44pm On Jan 31, 2019 |
Most times businesses fail when most owners want to start big. .without learning anything about the business and trade secrets...even if you have 10million..start from buttom.and learn .this will prepare for eventualities.. 30 Likes 6 Shares |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Rubbiish(m): 6:44pm On Jan 31, 2019 |
Koolking:U have said it all... 1 Like |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by milkytins(m): 6:44pm On Jan 31, 2019 |
Started a business with 4M with help of loan, the business has colapsed totally, I have sold the machines and other materials, yet, the loan never finish. Currently using my salary to pay loan of a business that is no more. Thank God for the backup job. 38 Likes 2 Shares |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Afospecialk: 6:45pm On Jan 31, 2019 |
Onnasucs1: Depending on the type of business and location but all in all it's crystal clear that all business encompass their different risks. 4 Likes |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by IbrahimDamola: 6:46pm On Jan 31, 2019 |
Onnasucs1: Please respect me too. I resigned and started my business 5 years ago. Walahi the stress wanted to kill me after surviving the first 2 years and opening a new branch this year. I began to have more respect for entrepreneurs. Businessmen dey suffer o. 37 Likes 1 Share |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Kaymercury(m): 6:46pm On Jan 31, 2019 |
I can relate very well,I nearly commit suicide sometimes ago due to should I say frustration, depression or anger I don't even know sometimes you will start blaming yourself 13 Likes |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by hubcity: 6:47pm On Jan 31, 2019 |
Contact us for your Business Startup Idea at Abbakin.com |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Godspower35(m): 6:47pm On Jan 31, 2019 |
Well,everything is a risk if you fail keep trying until you succeed 5 Likes |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by vioment: 6:47pm On Jan 31, 2019 |
True talk. Underestimating or "no be just to ...." kind talk, go use you do yeye. Research and continued knowledge in the business are helpful. No go sleep ontop bicycle, you go either crash, fall, or park well. All that, i have been doing this for so.... long no go count if you fail. Everyday is a new day with prepared plans of action or new ones. People skills is also a factor or else people go use your business do yeye. And many more. Business ownership is not for everybody, you can still grow as a staff or a manager. Just be realistic to one self and continuously assess thyself. 10 Likes |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Newmans: 6:49pm On Jan 31, 2019 |
I don tire I want to quit, make I go become politician. 2 Likes |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by The10thMan(m): 6:49pm On Jan 31, 2019 |
Setting up a business has its appeal. It also has its benefits. You will understand why a lot of Civil Servants who retire and are paid gratuities etc. cannot successfully manage a business. The conflict of interest rule does not allow them run a business. After 35 years of handling a minute component of an organization, they try to delve into business. But how do you give what you do not have unless you want to deceive yourself or other people? It requires effort and experience. You need to understand the business to a very large extent. The applicable regulations, direct and indirect influences of market forces, competitors, the associated services, sourcing raw materials/inputs,the processes of creating your output, your type of customers, your type of staff, the strength, weakness, opportunities and threats of/to the business, etc. You need to have these and more covered before venturing. You could also decide to have a mentor. Before starting, have conversations with people in the business. Visit various same/similar ventures like a customer and ask questions. Additionally, business is done to create value of some sort. Every organisation exists to create value. Even NGOs. You have to enjoy the process of meeting people's needs. It wont be easy, especially at take off stage. You will need to understand cash flow, basic book keeping, business terms like invoice, quotation etc. depending on your type of business. The general rule is be sure to know what you are getting into before getting into it. 27 Likes |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by MiaB(f): 6:49pm On Jan 31, 2019 |
Haven't forgotten the pain of losing my 40k to mmm 13 Likes 1 Share |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Rubbiish(m): 6:50pm On Jan 31, 2019 |
Koval12:Same here & dat is business for u... I spent close to 1.5m on a business last year...i no dey bother go there again. Na my friend just dey go at times...Same happen to my dad and i thought he was not serious, until i experienced it myself. I have told all my siblings to use their money to buy land and resell or keep it in the bank. I trust no business...if business show u shagay ehn...lol 26 Likes 1 Share |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Youpele52: 6:53pm On Jan 31, 2019 |
I respect you. More grease to your elbow. Onnasucs1: |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Austine567(m): 6:54pm On Jan 31, 2019 |
1zynnvn:ARM YOUR case is no biggie , you have people working for you? you can take advantage of that, but before then what are you doing? |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by ConnectMee: 6:54pm On Jan 31, 2019 |
What does your business do? Can you DM me? 1zynnvn: |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Rubbiish(m): 6:55pm On Jan 31, 2019 |
Afospecialk:hahahahahahaha 1 Like |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by lele007: 6:56pm On Jan 31, 2019 |
whytediamond: It is at this point that you should have insisted on pay, before handing over the copy. Or at least a promissory or IOU. If you have the right evidence, it's an easy case to win in court. Do you have evidence they received the copy from you? 15 Likes |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by AgentGoat: 6:57pm On Jan 31, 2019 |
whytediamond: Mtchew.. Why did you give them the soft copy without pay first? 22 Likes 1 Share |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by AgentGoat: 6:59pm On Jan 31, 2019 |
1zynnvn: You must pay them. 2 Likes |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by OdiaI(f): 7:00pm On Jan 31, 2019 |
whytediamond: They are wrong for not paying you. But I suggest you apply caution in the matter. I hate when things turn out this way. I hope you get your payment from them. 3 Likes |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by sowilli: 7:01pm On Jan 31, 2019 |
Have you ever wondered why successful business people tend to make more money and do well when compared to successful employees. It’s the reason above. Nothing good comes easy. 16 Likes 2 Shares |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Rubbiish(m): 7:01pm On Jan 31, 2019 |
MiaB:Lol...mmm na business 14 Likes |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by whytediamond(m): 7:02pm On Jan 31, 2019 |
lele007: Yes, I have evidence. The raw file is in my laptop, I transferred the file to thier flash drive. They can't reproduce the original work. I acted on blind trust, never knew I was dealing with a fraudulent multi-million naira company. 10 Likes |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Bluffly: 7:02pm On Jan 31, 2019 |
emmabest2000:Read very well, no one is being discouraged, op is only saying be prepared as isn't as rossy as the strategic plan 7 Likes |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Nobody: 7:04pm On Jan 31, 2019 |
Most of you lamentators do not know what is takes to run a business successfully. A great product is just one of the 4 steps process to guarantee profiteering and each of the 4 steps requires precision and supra level of market engineering and sales execution. Money making is an art. Building generational wealth requires a template. It is a science that only few have mastered. 15 Likes 2 Shares |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by Uppalove(m): 7:04pm On Jan 31, 2019 |
Get dis mind set bros, Dangote must Partner you soon. 4 Likes 1 Share
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Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by murphy02(m): 7:04pm On Jan 31, 2019 |
OP u very correct, running a business in Nigeria is not easy at all, its as if everyone is against you, even the customers are ready to dupe you, we have lots of very bad customers in this country, they dont care if your business folds up the following day, more reason y you see alot of businesses failed, this is my 8th year in business........... 10 Likes 1 Share |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by apakoso2020: 7:05pm On Jan 31, 2019 |
1zynnvn:I can be of help,send an email to apakoso2020@gmail.com |
Re: If You're Not Ready For Heartbreaks, Never Start Up A Business by The10thMan(m): 7:05pm On Jan 31, 2019 |
Rubbiish: Businesses are not that bad. What I have noticed is that the Nigerian environment automatically compels you to monitor your business every minute. If you take your eyes of it for one minute, your staff or customers try to cheat you. The environment puts a lot of pressure on you as an entrepreneur. If you cannot monitor, then you need people you can trust to monitor/manage the business. But how many Nigerians are trustworthy? The system puts a lot of pressure on businesses so much that the pressure is passed onto the customers, leading to poor service and then a positive feedback ensues affecting the business. In other instances, expectations are too high for the budding business. And in a society where most people do not understand entrepreneurship and cash-flow, etc. I have seen people expect too much from a business where they are spending too much on labor, land/rent and raw materials among other overheads. It is not a simple thing analyzing why businesses struggle or fail. However, it is common knowledge that every new business goes through the ''storm'' phase. 15 Likes 2 Shares |
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