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Nairaland Forum / Nairaland / General / Business / How Profitable Is This Business? Advice Needed. (790 Views)
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How Profitable Is This Business? Advice Needed. by amliftedhigher: 6:01am On Nov 14, 2019 |
I am an Igbo man but I hate business. Recently a friend of mine who runs a restaurant business adviced me to open a Coca-Cola distributor shop for him to manage it for me. He started saying this since last year but but I paid no attention until recently. On Tuesday last week I told him to go to Coca-Cola depot to find out how it will be, how much is involved and the distribution line. He told me that when he was working in Coca-Cola company that he was among their sales staff. He convinced me that there is profit in it if I could start with at least 2. 5M naira. Please Fellow nairalanders I am not a fan of business and their huge profits or loss infact if I have had a little love for business I would have been managing a big business now after my NYSC. So I need advice from professionals here. Is this journey of having a business worth it? What are the possible challenges and breakthrough? Help a brother. |
Re: How Profitable Is This Business? Advice Needed. by Nobody: 6:11am On Nov 14, 2019 |
Coca-cola is one of the best-selling beverage companies. There's no doubt that it would be a successful business. However , you'd need a good logistical plan to enable you breakthrough |
Re: How Profitable Is This Business? Advice Needed. by amliftedhigher: 6:15am On Nov 14, 2019 |
fairfora:Logistical plans like? Please clarify |
Re: How Profitable Is This Business? Advice Needed. by Chapter1vs6(m): 6:35am On Nov 14, 2019 |
The more the capital investment the higher the gain |
Re: How Profitable Is This Business? Advice Needed. by SendAbroad: 6:50am On Nov 14, 2019 |
amliftedhigher: If you ever decide to tow the line being proposed, get a lawyer and prepare proper legal agreement between both of you, treat it as purely business and no sentiment, and not just that, put checks in place. |
Re: How Profitable Is This Business? Advice Needed. by GRACEGLORY: 7:00am On Nov 14, 2019 |
amliftedhigher: Hi, your openness makes this more easier. Show me a man who succeeds doing what he hates. Quoting you: "I am an Igbo man but I hate business." "I am not a fan of business and their huge profits or loss infact if I have had a little love for business..." Success in life absolutely depends on passion, it takes passion to conquer failure, if you fall, without passion, you won't be able to get up again. Every business has it's challenges, and it requires passion to stand head to head against such challenges. You already failed in that business, and lost your 5M even before you start. Seek what you have passion for. |
Re: How Profitable Is This Business? Advice Needed. by amliftedhigher: 12:10pm On Nov 14, 2019 |
GRACEGLORY:That I hate business does it mean that I can not succeed in business? |
Re: How Profitable Is This Business? Advice Needed. by GRACEGLORY: 12:50pm On Nov 14, 2019 |
amliftedhigher: How does one succeed in what he hates, theirs the absence of passion. Passion is the driving factor. More so, we don't have passion for all kinds of businesses, even when we love business. It's like hating a subject in school, you don't get to do well therein. Find your passion or throw the money into thin air. Many goes into business with the plan to kill the business, but in the process, they get killed, hence, many businesses folds up in few months |
Re: How Profitable Is This Business? Advice Needed. by amliftedhigher: 7:40pm On Nov 14, 2019 |
GRACEGLORY:OK thanks for your contribution. Any one with experience in this kind of business should please say something please |
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