The Business Man

Introduction This type of business used to be very popular in the nineties. I used to think they had gone under until recently I saw one on my street. Well I didn’t take it serious until I started noticing a couple of them around my area. I counted about 5 in my area alone. That was when I decided to take a closer look. On looking into one of the places, I realized they had mostly Yoruba movies and the number of people that were at that shop that day indicated that there was indeed a need here. What you need A shop (or actually a store front) where you can display your videos and your sign post. You can share a shop with a friend.   You just need a staff to register all videos available, register all your members, register videos that people borrow etc. Type of Videos: This is a tricky one. From looking at those shops in my area, I see that they have more of Yoruba Videos.   I live in Lagos Nigeria, if you live in any other locality, find movies in the local language. Also ...

Introduction This is really an interesting business if you look closely. I didn’t quite realize it until one day the man that runs the small kiosk near my house gave me my bill. Well I had been taking stuff from him on credit for over a month and he then billed me.  The bill didn’t come as a surprise to me but what did was the amount on the bill – N 5,500! How did only me consume that much in a month on just little things? I couldn’t believe it until he showed me his record and then I realized something, this guy was making money! How many other people staying around me consume that much? What you need Starting this type of business is very easy. You only need to find a space in your neighborhood that you can use as a shop. In choosing your shop or kiosk, make sure there not more than two shops on the street. Getting Customers You don’t need even to do any type of advertising, just open your shop and display your products! Product Selection You need to be very careful here. ...

Introduction If you are in Nigeria, this is a business that can easily make you NGN350,000 (USD2,334) per month although it requires a considerable amount of capital. What you need The Dump Truck  A good Dump truck (faily used) starts from NGN7Million  (USD47,000) but its usually cheaper if you buy from outside Nigeria. My friend Mr Mike Edo who is into the business has a business partner in Spain who buys these trucks and sends them down to Nigeria. He is available if you are interested in getting a good truck. If you decide to buy it in parts that is, buy the Head first and then the bucket later, the head alone costs about NGN4Million (USD27,000). You can also import them at cheaper rates. The Tipper Bucket  (the back portion) costs about NGN2.5Million (USD17,000) to construct and install but NGN36,000 (USD240) to rent for a day in the eastern part of Nigeria. Business Structure  According to my friend, the business is simpl e, get your truc...