This Is A Question That You Should Never Ask Google/Or Quora/Or Nairaland

Why do I say this is a question that you should never ask Google/or Quora/or Nairaland: What business can I start with 100k in Nigeria 2024/25? Please read this philosophy from Elon Musk Billionaire first:

"If you wake up every morning, thinking 'how can I make money today', you loose money! But if you wake up thinking, "what problems can I solve today", you make money!" 

Instead of asking Google or Quora or Nairaland, what business can I do to make money in Nigeria or what type of business can I start with 100k in Nigeria?, ask yourself what business can I start with 100k (or less or more)? or what business can I do to make money in Nigeria? Read this story as an example.

Story: The Art Of Greed

Jonathan went to the vendor and picked up a local newspaper. And he glanced through until he came across one of the columns that interested him on Stock To Watch. 

Then he called the stock columnist and asked him what stock I could invest in that could fetch me N3 million.

So the columnist gave him 6 stocks to pick it himself. But out of his greed, Jonathan asked him again, please tell me which of the six stocks are best.

Then the columnist told him to buy hot two stocks out of the six stocks. And Jonathan did it out of his excitation. He bought two stocks with N200,000 each at N7 and N10 per share separately.

But a few days later that day, Jonathan curiously noticed how far the two stocks were he bought by reading it in the local business newspaper on the Stock Market Report.

But to his shock, share prices of the two stocks had fallen down to N3 and N5. He did not believe it. So he called the columnist and asked him what happened to these stocks and why its share prices depreciated quickly.

But he was told not to worry about it and convinced of the soon recovery in a few weeks. But worse than that, he tried to call the columnist as he saw share prices of the picked stocks still went down.

And as soon as he found that the columnist’s phone was switched off, he was desperate and worried, blaming him for the responsibility for his losses.

This story is a warning to each of you who tries to ask Google or Quora or Nairaland, ‘What business can I start with either 100k, 200k, 500k or 700k in Nigeria?’ because it can burn your fingers as it burnt foolish Jonathan’s fingers on stock exchange market.

Jonathan lost 400k worth because he refused to attend any seminar on stock market to learn how the stock market works. He just seek for free by asking what stock can I invest in that can fetch me N 3 million? 

So shall you if you try to ask Google or Quora or Nairaland ‘what business can I start with 100k in Nigeria’ since you know nothing about business concept, marketing trend, competition violence, global economic changes, government policies, customer psychology, etc. 

Every stock has its own risk, so every business has its own risk. Be wise. Never canvass people, asking what business can I start with 80k, 250k, 100k, etc. Ask inside yourself what business I can do to succeed in Nigeria. 

 

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