NewStats: 3,262,860 , 8,178,393 topics. Date: Tuesday, 03 June 2025 at 08:33 PM 6ov5n

star4ever:
Hi Nairalanders,

I will appreciate your candid advise on a business decision which I feel you may be of help to provide superior comments to enable me make informed decisions.

I am seriously considering setting up a business with the little money at my disposal. This decision has been a tough one in view of the fact that, I once set up a hair dressing saloon and recharge card/phone shop in the past but the business couldn't survive due poor management by my workers among other reasons.

I know this is not a very good time for importation or international business, however, I would like to start travelling to Dubai to buy jewelleries and sell. Part of what is driving this, is due to the nature of my work which entails meeting top government functionaries on a day to day basis. I want to use the network I have built over the years as my target. This means that I have a good client base considering their status and ability to patronize me. I am on paid employment and therefore do not have time for businesses that require 100% supervision. Based on the foregoing, I want to know how profitable the business is, the intricacies, the best approach to use for such a business and any other advise that can help a sister in this circumstance.

Secondly, following the collapse of my hair dressing saloon, I was strongly advised by friends to try barbing saloon which if run on commission basis will yield income and remain sustainable. But I am afraid to venture into this business because I don't want to loose money again especially, in this hard times.

Nonetheless, I have a strong conviction that gold selling if well coached will help a great deal to increase my financial base over time.

The following are the objectives of this starting a business:
1. to make additional income other than my monthly salary
2. to increase the money at hand rather than leave it in the bank without any attractive margin
3. sustainability
4. profitability

I await your comments, suggestions, opinions etc.

Thank you.

Set up a bathing saloon but before you do,

Draft a SWOT analysis
Identify areas of weaknesses you faced when you opened your hair dressing saloon and resolve how you would tackle them if you start a barbing saloon.( that they are kind of similar)
Your experience as a former hair dressing saloon owner should guide you when starting your barbing saloon.
Discuss with people that you know that are into the business (lool, I guess that was why you opened this thread!)
And above all, have a USP(unique selling point/proposition) that would attract and retain customers to your business.
I would only help you identify how you could tackle one issue you raised about your hair dressing saloon which may occur once you venture into barbing business too-the issue of employee mismanagement.
Yes,you cannot dedicate 100% of your time there,so you may not know what is happening. The solution? Get a CCTV. you can make them aware of this or may choose not to,the onus is on you. If they're aware,they would know that they're being watched(or assume) and may be of their best behavior.problem is kind of solved. If they're not aware they're being watched,(the better),you would be able to identify your loyal staff,the ones you would have to let go and so on..
I could go on and on but you would have to think for yourself.
Infact draw a flowchart with yes/no and you would be able to identify and tackle any challenges that may arise
In your business venture.
Goodluck

As for jewelry business,if you mean real gold and the likes,get ready to spend money on insurance and bad debt.Also make provision for bad debt (even court cases sef!!!)

Wooow!!
He alighted from the SUV and crossed to the other side of the road to where the lady parked.
The SUV he alighted from cover him from the driver's side while the other SUV covered the rear of the victim's vehicle.
The speed at which he already opened her vehicle is alarming. You mean there was no one in front to see him struggling ,as he "jacked" the victim's vehicle?
After he completed the deed,he left in the other SUV.
Damn. This is crazy

He had a suit on. He was dressed "corporately"
Hmmmm
Isn't this obviously an insider's job?
The lady should go back to the bank and make a report, their CCTV should also be reviewed.perhaps the bank would even recognise the staff that took off for a break at that point in time.
She should also make a report at the police station.
This is damn too alarming

Apina:
And u are very happy to announce that u are a rebound boyfriend..... If u eventually agree to marry her, don't forget to add the part that u were just an option and nothing more on ur wedding invite

Loool

NL won't kill me with laughter!!!!

Two lovers working in the same branch?

Or is it two lovers working in the same bank?

I know this issue has been discussed on NL before
But I thought it wasn't allowed in banks?
Maybe one of them would have to resign after they tie the nuptial knot.
You know bankers don't like it when they work with their spouses in the same bank/branch.

They claim there may be undue influence or nepotism at play but they fail to add that they like to f@#$& one another too

kaeforum:
It's just plain ignorance, marketing is the best job for any graduate, requires no special skills, there's free movement and freedom of execution.
You cant be a CEO or business owner if you re afraid of marketing.

All CEO's do marketing, its compulsory.

You really think communication skill isn't a special skill?
You really think prospecting, cold calling ,using FAB techniques are no special skills?
You owe all Marketing graduates an apology for typing that. And in reference to CEOs and what have you,I believe this thread has to do with those that marketing is their core competency ,like a full time job meaning that 100% of their time and skills are used in sealing deals(this is actually sales). While in most organization, everyone is referred to as a marketer (directly or indirectly),it is not, for instance the IT department, their area of core competence which would be used for appraisal purpose.

If I can meet a marketing target of 200 million or even meet half of my targets on a monthly basis, wouldn't it be logical for me to become an entrepreneur. Since I am that good at convincing people to part with their money,why not market a product that I know all the profit and commission would come to me and no one else?

Eye see....

Hi can't believe it

Hi Sis

Actually , Churches that do businesses pay tax since such businesses are for profit making!!.

I'm surprised that some people don't know this!!
What is being clamoured for is that churches,mosques and other religious organisations which are classified as NFPO are being targeted to pay taxes now

Butterworth:
The response was as a result of stupid questions and demands being asked by David Ade but I understand that Paul's racist REMARKS was unprofessional and was done out of anger because of the stupidity of David.

PAUL'S apology is not and will never be genuine because his apologies was made after he realised that the is being monitored and he could be FIRED for his unprofessional conduct.

Please,I would be grateful if you could highlight David's stupidity from the conversation
I would love to see it from your point of view

DDeliverer:
"I don't commit fraud on a DAILY basis like you Nigerians do"

This oyibo spoke out of turn, but did he lie?
Criminals everywhere...left, right, centre.

Even our So called leaders are fraudsters..

Fraudsters come in different shapes, country and sizes!!

Not just Nigerians!

Kindly understand this!!

Please someone should come and explain Kwara A and Kwara B for us!!

Originalsly:
@Op.... you need to be careful what you are asking for. You said your husband is a good looking guy.... when he dresses like an old man it takes away from his attractiveness and the swarm of young hot manhunting ladies swerve. Now if he dresses up to date.... the ladies would take notice and swarm him either for money or to give him honey..... are you prepared to handle this? ... and don't for a moment say he is not that kinda guy.... these roaming ladies can seduce snake sef.
The people who comment about his dress sense do not know him long enough.....since that's the way he always dressed... ignore them. If need to... you update his wardrobe... don't be waiting for him to. Some men are just like that... my bro no different.... they see absolutely nothing wrong as long as 1. their outfit is clean...2. ..no holes or rips or stains...3. ...they all fit and feel comfortable..... brown shoes, red tros, green shirt... doesn't matter..... boxers has three holes... no big deal..who would know? Be careful what you ask for.
If you do insist..... holla at me.... only if you want him to dress like celebrity.

Hmmmmmm.........

This is so insightful and deep!!

Reverse psychology!!

lilyheaven:
I actually left my man because of this,
I was 29 and he was 32. But he always looks like a forty five years old man, he had a very great career, he won't even buy a cloth for himself, I kept buying all these things,
One day I said to myself, if I marry this Man, will I continue like this plus our kids .
I left him sha,
But my family were so angry with me.

Wait...

What?

Because of .....

Come again?

Sike:
MeatPie or MincePie?

I was going to type this but you beat me to it.

But to be frank, in Nigerian parlance, it is referred to as meat pie even though it is mince pie

Just like flip flop is referred to as slippers

So let's cut op some slack!!!

He's kinda right!!

Why are people dragging Igbos and Yorubas to this?

It's clearly a south south issue and I see various scathing remarks about the SE and SW here!!

Happy new year!!!

Alasi20:
Ambode is Working........ . .




Lasgidi is Moving

The-new-boo pocket is smiling!!!

It isn't easy to lie. You must cover lies with lies.
Am I not right Lai?

kettle84:
why do you not see anything wrong with immorality and you seem soo comfortable with it.Moral reorientation is needed on you for quick correction. If Ifeanyi uba needed a woman certainly it won't be his aid's wife he is rich enough to get single pretty and fresh ladies of his choice.

If he needed a woman? Certainly not his aide's wife?

Hmmmmmm...............

So we thought about King David

I'm not holding fort for anyone but your logic is wrong!!

LeSudAfricaine:
In other words, a person must first visit the ghettos of Compton and The Bronx before ihe can call the US a world superpower? Smh

No. That wasn't my point. My point was, and still is ,that there are two sides to the coin irrespective of where you visit.
And both must be weighed to form an objective opinion.

Fin

obidevine:
This is my first trip to South Africa and I'm hooked, South Africa should be tagged as the true Giant of Africa. Everywhere is so orderly and clean. Other African countries should learn a thing or 2 from South Africa . I'm wowed!!!


See wedding pictures here https://nairaland.unblockandhide.com/3512632/some-wedding-pictures

Really? Hope you didn't visit a place like FCT and got stuck by this your opinion?

Hope you know that there are ghetto areas too in South Africa?
Visit those places,then form a conclusion



"Happy honeymooning"

And army PRO said it was a lie?

Lagos has the development because it was a capital city .

But to answer your question, I see Akwa ibom and Cross River in the not-too-distant future!

ourema:
If the people he stole from are this happy, then who are my not to be happy with them

If they are this happy,they should stop blaming FG and Multinational companies for their woes cos their leaders(both political and traditional) have failed in their respective responsibility to their people!!.
Reminds me of how a SW "thieftain" was also celebrated after he was released from jail.
He even has the right to form opinion on politics in Nigeria today!!

This is a strong message to kids and all those elements/people of the underworld,"If you want to commit crimes,make sure you do it really big !!'

junnyjake:
Environmental Sustainability??

In Nigeria?

Why would one go out there spend millions to acquire a masters degree in a discipline like that and hoping to secure a job in Nigeria where such practices are uncommon?

If it was I.T, I would have understood, but environmental sustainability? Bros Agu you self no reason am well now.

You are not totally right.

The degree is very relevant to the oil and gas industry. Even healthcare ,some NGOs and government.

His target employers should be the aforementioned (not limited to, though)