Doesn’t sound like much does it? But it all boils down to perspective. A jobless person would see it as a windfall. A petty trader would call it a miracle. You might think of it as chicken change. Or maybe not.
In our country of today, what kind of business can you start or run with a million naira? Would 1 million count as starting capital for any lucrative business? I’m curious, because money really does not grow on trees. So, if someone placed this amount in my hand and told me to “go, be fruitful and multiply” and I don’t mean that in the procreative sense, what would I do with it? I’m at a loss.
There are so many entrepreneurs springing up and small businesses gaining ground. A lot of these are driven by young people and social media is playing an extremely important role in the process. So, I think it’s safe to say that the young ones have the answers? But I find that people are selling the same things – fashion, skin care, hair, food, e.t.c. Are they all making money? Is the market not yet saturated? Or is it that there are so many Nigerians and still not enough goods and services? Or we just like to buy and buy and buy? Consumerism I think it’s called – a preoccupation with and an inclination towards the buying of consumer goods.
Anyway, that’s beside the point. What I am trying to find out at the moment is if there exists a business idea that will take a million naira (or less) and yield a tidy profit within 6 months (and of course continue to yield profit afterwards). The underlying assumptions are that the idea must be legitimate, simple and can be implemented with minimal resources, the 1 million naira included. I would say it must be a novel idea, but then again, you can take something that already exists and do it in a new way. So, let’s not restrict it to just new ideas.
My colleagues and I argued and argued about this at work, while we were contemplating our fate as employees, and wondering if we would ever make millions by working for someone. We did not reach a consensus. Some think that there are a million things that can be done with a million bucks (see what i did there?), and they can all be started relatively easily, with maybe an extra requirement of employing someone to run it. The truth is, I have my doubts. But I just might be very short-sighted and narrow-minded.
So TNC people, put on your business hats and surprise me. Not every time gossip, sex and love stories.
And if I’m feeling benevolent, I just might throw in a small reward for the ‘winning’ idea.