Businesses you could start with Hundred Thousand Naria (# 100,000) and be a million within a year:
Businesses you could start with Hundred Thousand
According to Clason, creating wealth involves knowing how to invest what you have saved. Seek you shall find principle is applicable in wealth creation, it involves asking questions, seeking knowledge on how to do things better, for better living. In seminars and other functions I find myself, I try as much as possible to demonstrate how people can discover their potential and monetize it. My partner Jedi can bears witness on this.
What I often got as responses is that ‘we don’t have money do start it, one said, although I know I can do better in business, where to I see money to start the business? Some even told me they have attended all sort of vocational empowerment programs, but thereafter, no money to embark on the business trained on.
To my biggest surprise, most of these persons have more than a hundred thousand cooling off in their various bank accounts. Let me tell you something they are not aware of, they are simply enriching their various banks at their own detriment. No bank gives interest rate of a thousand five for a hundred thousand Naria a month in Nigeria. Same hundred thousand could give over ten thousand Naria if you invest it wise on a small scale business. Hey! school2ng will helps you grow that your business without charges. You see!
For this reason, I’ll be discussing
12 businesses you could start with just a Hundred Thousand Naria that could makes you a million Naria richer within a year. This could make you possibly be an employer of labour which we glamour for in Nigeria. We are possibly looking for entrepreneurs; the reason being that there are no jobs out there to absorb thousands of graduating coming out of our universities searching for white collar jobs.
Business to start with N100, 000 in Nigeria
Searching for a business to start with N100, 000 in Nigeria? Search no more. Read this post from beginning to the end to find any preferable business?
“People who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self-fulfilling prophecy.” — Tony Robbins
Below is a list of compiled businesses you can start with one hundred thousand naira (N100, 000) in Nigeria.
1. Bedsheet/Beddings Production.
Visit Lagos Island, or Oshodi where they sell bulk materials, pick good designs of your choice, there are guys who will sew it for you are just within the same Market. You can start with less than 100k and diligently grow your money.
2. Shirt Production:
There are tailors in Lagos Island or better learn the skill it will save you all the heartbreaks imaginable. Taiwo Street in Lagos Island is where you should be. Materials ranging from 700 – 1k per yard, sew for 1500/2k, Sell for 5-7k.
3. Boxers:
Schedule a trip to Aba Market, The cost of production of boxers, you can get one for as low as N300, all you need is to package it in 3s, and market these babies properly beg your friend on twitter for RTs, we buy 3s pack boxers for 1500-2500 sell yours for 1200 and gradually grow.
4. E-Payments and POS Business:
You can a get POS machine from your Bank, and activate online banking: If you live in a place where banks aren’t much you can handle e-payments for people and make your small change. I paid someone N200 to withdraw 10k in Ikorodu. ATM queue was crazy.
5. Mobile and Electronic Accessories:
Mobile and electronic Accessories such as Pouches, Chargers, USB cables, HDMI cables, earphones and more, can be sourced on Alibaba, Ali Express, Deal Extreme, etc. The more you buy the lower the price. And they are light so shipping won’t be a burden. Sell on here or Jumia and co.
6. Popcorn:
We all know this popular product! We buy it every time. Only require bags of corn – Mile 12 Branded Nylon Sugar, Salt & Butter. The beauty of this is when properly made, its aroma will attract customers. Manual sealing machine -7/9k Popcorn Machine is 65k on Jumia as at the time of filing this report. Popcorn can be served anywhere. It costs less than N40 to make a pack of popcorn.
7. Branding – Sales and Customizing
Football team supporters always want to show how much they’re rooting for a team.
8. Snail Farming:
Snail farming in Nigeria is even more popular, due to its relatively cheap cost of startup and If you market your products well, your business will thrive. This is a business you can start from your backyard. Best in mind, snails take almost a year to mature so Patience is the key!
9. Fairly Used Goods
Fairly used goods such as Jeans, Tops, t-shirts, shoes etc. They can be sourced at Badagry, even Cotonou. 100k can’t get you a bale but you can select and mix them. Wash then and pack neatly. Marketing is all it takes, you’ll sell and see your money multiply.
10. Cleaning Services:
sccpre.cat
Some people find it hard to clean their apartments ‘cos they’re busy from Monday to Friday and Saturday they have engagement and on Sunday all they want do is rest. Your tools won’t cost you up to 30k and you can clean 6 apartments a weekend
Why you needed to start a Business of Your Own
Let’s Consider This Cases Study 1
The introduction of entrepreneurship courses as a University –wide course in 2009/2011 academic session in Nigeria, is in line with the National University Commission (NUC) approved compulsory entrepreneurship studies for all students irrespective of department or faculty for at least two semesters.
The essence is to promote the culture of entrepreneurship and self-employment in order to create jobs for others. This is because the government is seeing unemployment already as a timing bomb if not drastically addressed. However, entrepreneurial activities are challenging – challenging owning to the fact that, it may not be surprising to find many students, after undertaking mandatory courses in entrepreneurship, still end-up searching and waiting for paid-job in a global economy of incessant rising levels of unemployment.
The Trust about Labour Market
The truth remains that there are limited jobs out there for the thousands of graduates joining the labour market on quarterly basis in Nigeria, government is not creating new jobs, the foreign firms are leaving the country as a result of insecurity, epileptic power supply, heavy taxation and low patronage ability; the indigenous companies are not expanding as expected. If you don’t do something about it who will, the future of yet unborn generation?
Nigeria’s struggle to create jobs is getting worse.
Poverty Rate in Nigeria
Poverty has risen in Nigeria, with almost 100 million people living on less than a $1 (£0.63) a day, despite economic growth, statistics have shown; said 60.9% of Nigerians in 2010 were living in "absolute poverty" - this figure had risen from 54.7% in 2004. According to (The National Bureau of Statistics, 2010). This simply means unemployment is on the increase.
National Bureau Statistics of Unemployment in Nigeria
New data published by Nigeria’s National Bureau of Statistics (NBS, 2010 publication) pegs the unemployment rate at 14.2% in the last quarter of 2016, up from 13.9% in the preceding quarter. It’s the ninth consecutive quarter that the unemployment rate in Nigeria has increased.
Employment has faltered as businesses struggle amid Nigeria’s first recession in two decades. Those companies dependent on foreign transactions are also suffering due to a critical shortage of dollars” (National Bureau of Statistics, 2016). Is there ways out? Yes.
My findings reviewed that, Japanese economy is dominated by family businesses, America economy is made up of Small scale Enterprises.
These bring
Kingsmond Concept owner of
kingsmond.com into existence, to avail opportunities for students in all levels/readers, business owners and intending business owner to discover the business world through feasibility study, proposal development, business plans, mentorship schemes, coaching and consultation these are what we used to bring out the best in you in terms of your business potentials and move you to entrepreneurship practicum, linking your processes to well establish enterprises.
Reference:
Nigeria’s National Bureau of Statistics
Comments
Post a Comment