For Businessmen, sometimes the problem is not the money but where to channel it and the outcomes to expect. Many Investors have lost money only because they invested in ventures which seems too good on the surface but were really nothing to write home about. I took time to look into some investment options which I feel any one willing to generate enough returns as an investor should look into and still carry out feasibility studies on.
Private Students’ Hostel: Over the years, this have proved to be one very profitable investment options because unlike the regular salary earner or people from different walks of life living in your house, whom you worry about your renewing their rent and who doesn’t and which court hearing to attend, you are dealing with students who promptly pay their rents and levies because most if not all of them are assisted by parents, uncles, aunts and guardians. You wouldn’t have to worry about having an empty house because as long as the schools are on session, Nigerian students would still sought for private accommodation or what some refer to as ‘Off-Camp residence’ even if the school have Halls of Residence. All you need is just to employ the services of a caretaker who’d oversee the maintenance of the property while you take care of other businesses. This Option also have its disadvantage like every other one but it is one sure way of having steady cash inflow yearly.
Stocks & Shares: This is one investment option is sure to provide enough returns. Some call it a gamble of some sought but it is everything short of that because in the gambling, you either win or lose but investing in stocks or shares with the needed technical know-how and experience amounts to maximum returns regardless of the ups and downs common with the stock market. You could also employ the services of a seasoned stock broker for advice as regards when and on what to invest in while you also follow trends and the market on the pages of dailies or elsewhere. The stock market have made millionaires and is still making some while a good number have also lost some cash but the key to success in the market is being observant and investing wisely not just on any stock that looks promising.
Showbiz Or Entertainment Industry: Entertainment in Nigeria is one Industry that is very lucrative. Being the third highest movie producing country in the world and home to some of the best musicians on the Continent, one could attest to the profitability of investing in this Industry. Investments in this case could be owing Record Labels, Movie production outfits, Events management and Organising Companies etc. Just like every other Industry, there is also needed experience, a good connection and network among the players in the Industry. Just like every other Industry, patience is also needed as you might not just start getting returns right away but be sure to know that it would even come and when it does, you’d be whistling to the bank with both hands in your pockets.
Transportation Industry: This is another gold mine in Nigeria. Feasibility studies carried out by experts reveal that apart from it being profitable, there are enough rooms for innovation within the Industry. A story was told of a commercial cyclist who later moved to owing a Tricycle and then became the owner of a Transport company which have several buses traveling inter-state and cross-country, all these within a 7 year span. This one example out of the pack suggests how profitable the Industry is. Some would argue that you just can’t conclude on its profitability with that one example but this is one out of a whole lot.
Apart from an Industry being profitable, employing the best management practices, proper staffing and a very good day to day operation would lead to you generating enough returns on investments. Invest Wisely!
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