Hello my fellow naija brothers and sisters, i need to know which business a young man like me could start up and be successful with here in naija. i have a starting capital of N500,000 and i would want to make a 100% profit in six months. Could you guys recommend? i would be very grateful.

Hello,

Nice one! 100% profit in six months, even Richard Branson, wont say that. I think that is not a way to start a business that you expect to grow in an empire some day. Return on investment is expected but not 100%. I am not saying you cant make that, you can, but if its a legit business, be ready to work your hats off.

WIth 500k, which is not a lot, you make 1m. now if u wanted to grow a busines, you will reinvest abt 800k, so ur profit will only b 200k which is about 40%.

Look at starting up a business for the long term and not short term. look at the likes of Sainabury and tesco here - compare to our one time leventis. Its all about who chose to reinvest more and expand to build a life time empire for generations and who couldnt care less or who lacked the experience.

My one cent!

Thanks

Hi,

I will advice you to invest in stocks if u don't know the business to start 4 now, even if u know the business already u will require a lot of planning.

now is a good time to buy stocks, get a stock broker and buy from secondary market, u can even make more than 100% in the next 4 months

I had a lot of money last year but i ventured into an area of business i did'nt know well, i am unhappy to tell u that i lost almost all i had, if i had known about stocks when i had the money i would have become a multi millionire by now.

u can contact me if u need advice on the good stocks that can make u good return between now and six months.

Oneal BU:

Hi,

I will advice you to invest in stocks if u don't know the business to start 4 now, even if u know the business already u will require a lot of planning.

now is a good time to buy stocks, get a stock broker and buy from secondary market, u can even make more than 100% in the next 4 months

I had a lot of money last year but i ventured into an area of business i did'nt know well, i am unhappy to tell u that i lost almost all i had, if i had known about stocks when i had the money i would have become a multi millionire by now.

u can contact me if u need advice on the good stocks that can make u good return between now and six months.

What's primary market, what's secondary market?? Oneal BU or anyone, please I need to know. I am a novice to the stock stuffs.