LOL! Believe in Yourself

Top 20 Lucrative Businesses in Nigeria That Make Millions of Naira

1. Fast Food business – You need decent customer service, management skills and capital in order to set up an eatery and make sure that everything runs professionally. You can set out on your own and create your own brand, or buy in to an already established business franchise, such as Mr. Biggs.

2. E-commerce – This is a very promising venture and the best thing is, you will have all the tools and customers over the web. If you do not have the required knowledge, you can collaborate with an established firm to operate your e-commerce enterprise. Benefits are – Low start-up costs, changes can be made instantly, the potential customer reach, and you can easily measure results with cost affective online marketing.

3. Construction business – Business is booming in Nigeria, and so is our population. To support this growth, Nigeria now has a booming construction and housing sector. The range, type and size of projects is huge, so there are plenty of opportunities depending on how much capital you can invest. If managing a construction project isn’t for you, you can set yourself up as a local dealer to supply building materials. The investment is not as huge, but considerable investment will be required initially to buy and stock materials. But you can be assured that there will be no shortage of business.

4. Hotel business – This is a goldmine industry if you can get it right, but the competition in this sector is quite high. To launch and maintain your hotel you will need a large amount of capital. It takes planning, patience and hard work to start a hotel business. A high-level of customer service skills is also required to attract new and returning visitors.

5. Kerosene retail – You can set yourself up as a supplier to make your millions quickly. Kerosene is used in most homes in Nigeria, and Africa due to inconsistent power supply. This is one of the most lucrative business opportunities in Nigeria. . Entrepreneurs have been known to receive 100% returns on their initial investment.

6. Rice farming – Is the most profitable area in Nigerian agriculture. Nigeria has a low local production of rice, but an extremely high consumption rate, which leads us to import the majority of our rice from overseas. Recent reforms in the Nigerian agriculture sector have seen the government open up the sector for more investments to support small, medium and large-scale farmers.

7. Haulage services – Given the poor rail transport system in Nigeria, most of the goods are shifted by road and this makes the haulage business in Nigeria extremely lucrative.

8. Snail rearing – This is one of the business ideas in Nigeria that needs low investment as snails require simple vegetation to eat, and they reproduce at an alarming rate. You will need to invest in housing and protecting them, as snails are delicate, and must retain their moisture to survive. There is not much competition in the industry and you can enjoy making profits without many challenges.

9. Car and machinery spare parts – As Nigeria’s economy grows, so does our manufacturing industry. This has driven a rapid increase for capital goods such as machinery, lubricants, spare parts, ball bearings and other mechanical goods and accessories. The key is to find a good supplier from abroad. UAE-based enterprises have emerged as the leading supplier of these goods to many countries in Africa.

10. Poultry farming – This is big business, and you can begin with around 100 birds, and build it into a large-scale enterprise within a short period of time. You can make money from selling chicken eggs, or chickens for meat. This is a top business startup idea.

11. Transport business – Although a little messy at present, it is a profitable sector in Nigeria and can help you make millions annually.

12. Fruit Juice Making – This is a capital-intensive business, but if you can manage the funds you can grow as big as Chivita or La Carcella given how much Nigerians love their fruit juice.

13. Tokunbo trade – Business of second hand items in Nigeria is very lucrative and many Nigerians want to spend as little as possible to buy second hand items such as clothes instead of buying new ones.

14. Dry Cleaning – Float a professional dry cleaning business and keep your rates low and service quality quite high. This type of business is especially profitable in a big city, or urbanized area.

15. Pure Water Production – Although this business needs some capital investment, it can be worth your effort and money in the long run particularly if you can manage pure water production and keep the quality intact over a long time. Your options are to sell as sachet, bagged or bottled water.

16. Professional Car Wash – This can be a good business if you choose a location like Lagos where you will be able to find a number of good cars.

17. Internet Business – You can provide fast Internet connection at affordable monthly rates and manage it well enough to make tons of money.

18. Nursery and Primary School – There is a lack of good schools in the country and you can set up high quality nurseries or primary schools to make millions.

19. Online tech support – You can easily set up an online tech support business and make a lot of money within a year or two of your business launch. This is a simple business and you do not have to be a tech expert to operate in this sector. I’ve known people set up these types of businesses, and outsource the work to tech professionals.

20. Furniture business – A lot of profits await you in the buying and selling of furniture. You do not have to be a carpenter to do this. You can simply contact trustworthy carpenters in your area and arrange a steady supply of furniture items to display in your showroom. This is a big scale enterprise due to the fact that only a few people can afford imported designers.

All of these business ideas have great potential, and the ability to help you generate millions, but remember the success is in the planning, and your ability to execute your plan. There are some key elements that you must assess before committing to any business venture. Once you have all of these elements in place, you are only a few steps away from business success.

by mynaijanaira.com

TRUE LOVE CAN HELP YOU MAKE BILLIONS

Nearly a century ago, journalist Napoleon Hill set out on a mission to uncover and document the strategies used by the wealthiest and most successful businessmen in America.

He studied more than 500 self-made millionaires over 20 years, and his research culminated in the 1937 bestseller "Think and Grow Rich," which shares what he calls the "money-making secret" in 13 principles.

His 10th principle — "the mystery of sex transmutation" — suggests that love, romance, and sex are critical factors in the determination of one's success and wealth.

Hill writes:

Sex desire is the most powerful of human desires ...

When harnessed, and redirected along other lines, this motivating force maintains all of its attributes of keenness of imagination, courage, etc., which may be used as powerful creative forces in literature, art, or in any other profession or calling, including, of course, the accumulation of riches ...

Love, romance, and sex are all emotions capable of driving men to heights of super achievement ... When combined, these three emotions may lift one to an altitude of a genius.

Hill makes some bold claims: "The men of greatest achievement are men with highly developed sex natures," and "the men who have accumulated great fortunes ... were motivated by the influence of a woman."

While this principle may seem a little far-fetched, there is something to be said about having a supportive partner to achieve financial success — an idea that has surfaced and gained relevance today, 78 years later.

ChinaFotoPress/GettyImagesSheryl Sandberg.

"The most important career choice you'll make is who you marry," Facebook COO Sheryl Sandberg, whose estimated net worth is $1.1 billion, said at the 2011 IGNITION conference in New York.

Many echo this sentiment, including Catherine Alford of The Simple Dollar, who wrote: "If I'd selected a different spouse, my life would look very different ... My spouse, whether I realized it or not at the time, has been the best money decision of my life."

It makes sense. As motivational speaker Jim Rohn famously said: We are the average of the five people we spend the most time with, which is especially true when it comes to our spouses.

These claims are backed by research. One study, by Brittany C. Solomon and Joshua J. Jackson of Washington University in St. Louis, shows that having a conscientious spouse can boost your salary significantly.

"With every standard-deviation increase in a spouse's conscientiousness, an employee is likely to earn about $4,000 more a year," reported the Harvard Business Review. "An employee with an extremely conscientious spouse (two standard deviations above the mean) is 50% more likely to get a promotion than an employee with an extremely unconscientious spouse (two standard deviations below the mean)."

Conscientious spouses tend to allow their partner to focus more on their career. Also, people with conscientious spouses generally feel more satisfied with their marriage, and this absence of stress and drama at home allows them to bring more emotional and physical energy to work, the researchers concluded.

While parts of Hill's philosophy are outdated — he analyzed only rich men and wrote for a predominantly male audience — he was on to something when he suggested relationships are a crucial step toward accumulating wealth.

culled from businessinsider.com

Party Like a Billionaire: How the Rich Celebrate

Who wants to party like a rock star when you can party like a billionaire? That is if you are lucky enough to get invited to one of their blow-out bashes.

Our roundup of the splashiest billionaire fetes proves that these titans don't just know how to make money, they also know how to spend it. Their parties--often costing well into the millions--are spectacular exercises in hedonism, frequently featuring intimate performances by rock stars, week-long extravaganzas on private islands and mingling with A-list crowds of other magnates and celebrities. Not to mention all the finest champagne, caviar and other gourmet treats they can get down their gold-plated gullets.







One of the hottest tickets of 2007 was an invitation to the 60th birthday party of private equity king Stephen Schwarzman, which took place in February just four days after his Blackstone group announced the world's biggest buyout ever, a $39 billion deal involving commercial-building empire Equity Office Group.

Held in the cavernous Park Avenue Armory on Manhattan's swank upper east side, the party, reported to have cost $3 million, drew 350 guests including Donald Trump, new Merrill Lynch chief John Thain, TV personalities Maria Bartiromo and Barbara Walters and Washington D.C. insider Vernon Jordan. Rod Stewart performed and Patti LaBelle sang happy birthday.

Schwarzman's affair sounds quaint when you hear about parties thrown by British retail billionaire Philip Green. He makes his money selling, among other things, cheap chic fashions, but there is nothing cheap about his galas. This past March, he celebrated his 55th birthday by surprising 100 friends to a five-day all-inclusive jaunt to the Maldives. Guests were told to pack bathing suits and instructed to arrive at England's Stansted airport where they were herded onto chartered planes and flown to the island.







There, the 100 lucky revelers were serenaded by both George Michael and Jennifer Lopez. The celebration was capped off with a spectacular fireworks display. It was particularly opulent considering the fact that just five years earlier, Green celebrated his 50th birthday with a toga party for 200 guests in Cyprus, where Tom Jones and Rod Stewart sang.

Another billionaire who likes to spend on entertainment is Russian Andrey Melnichenko whose wife, Serbian supermodel Aleksandra Nikolic was a member of Yugoslavian pop group, Models. Over the years, he has squired Whitney Houston, Mark Anthony, Enrique Iglesias and Christina Aguilera to sing at various events. Most recently, he spent a reported $2 million to fly J.Lo, one of his wife's favorite pop stars, to perform at Nikolic's 30th birthday party in April.





While some billionaires wait for landmark birthdays or even bar mitzvahs to throw a big bash, leveraged buyout king Ron Perelman hosts his annual combined birthday/New Year's bash aboard his 188-foot yacht anchored in St. Bart's. One of the most anticipated events of the year, invitations only go out to a lucky 200, including past guests like Microsoft Co-Founder Paul Allen, former Miramax chief Harvey Weinstein, Denzel Washington, Natalie Portman, Eddie Murphy and Jon Bon Jovi.



Then there are those who like to keep their parties more intimate. One billionaire who has never been named threw a private party for 15 guests including Bill Gates and U2's Bono last year in the South of France (full disclosure: Bono is a major investor in Forbes.com). Singer Christina Milian and Latin dance group The Gypsy Kings performed at the affair. So did Gates, who took the microphone from the pop starlet and led the crowd in a stirring rendition of Frank Sinatra's "My Way." Just goes to show, even billionaires just wanna have fun.

culled from ABC-NEWS

BILLIONAIRE BIRTHDAY CELEBRATIONS

In commemoration of my birthday, I would like to post some pics of how Billionaires love to celebrate theirs

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AGAINST ALL ODDS: Incredible story of Multi-Millionaire Caterer and TV Cook- MARTHA STEWART

Martha Stewart net worth: Martha Stewart is an American entrepreneur and television personality who has a net worth of $300 million. Martha Stewart was born Martha Helen Kostyra on August 3, 1941 in Jersey City, New Jersey where she learned to cook and sew from her mother and can and preserve from her grandparents. Martha Stewart earned her net worth from a business conglomerate, which includes TV, magazines and products for the home. Martha also hosts a satellite radio show. Martha has written several cookbooks, books and instructional manuals for the home decorator. Martha's first book was published in 1983. She is the founder and former CEO of Martha Stewart Living Omnimedia. After the first day of being a public company, Martha Stewart's stake was worth more than $1 billion. Today the value of Martha Stewart Living Omnimedia has decreased significantly.

She began modeling at 15 and continued while in college at Barnard College to supplement her scholarship money. She met Andrew Stewart while she was in college and he was at Yale Law School. They married in 1961. Andrew and Martha Stewart moved to Westport, Connecticut where they purchased and restored an1805 farmhouse. During the project, Stewart's talent for restoring and decorating became apparent. In 1976, Stewart started a catering business in her basement with a friend from her modeling days, Norma Collier. The venture quickly became successful. Her first cookbook, "Entertaining", was released in 1983. She has released a number of books and hosted a number of television shows over the years. Stewart is the founder and former CEO of Martha Stewart Living Omnimedia. After the first day of being a public company, Martha Stewart's stake was worth more than $1 billion. In 2001, according to the SEC, Stewart avoided a loss of $45,673 by selling all 3,928 shares of her ImClone Systems stock after receiving insider information. Martha Stewart served five months in prison in 2004 and had a two-year period of supervised release. Following her release from prison in March 2005, Stewart launched a highly publicized comeback, and was soon successful again.

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"I Never Went To University" - Africa’s Richest Woman

Africa’s Richest Woman, Folorunsho Alakija, has revealed that  she did not go to a University but that did not stop her from making it in life and achieving her goals.

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folorunsho Alakija

63-year-old Folorunsho Alakija made this revelation, yesterday, August 27 while giving a motivational speech to the students of the University of Lagos during the 2014 UN International Youths Day in Lagos.

Alakija while motivating the students opened up about her background saying: “I come from Ikorodu, Lagos state. I am married to a dashing young lawyer of 70 years of age and we have four grown up gentlemen and grandchildren. It has not been a rag to riches fairytale. It has not been an overnight phenomenon like some cases which you find here and there all over the world. For as long as I can remember, I had always wanted my own business.

Hard work…am trying to tell you how I got to where I am if you want those billions. Hard work, diligence, persistence…days where you nearly gave up but I chose not to give up.”

RELATED: Folorunsho Alakija, Okonjo-Iweala Make Forbes 100 Most Powerful Women 2014

It would have been easy to compromise but I chose not to and I stayed focus. I could have stayed a secretary as my father desired according to his plan for me but I had bigger aspirations. I dreamt big. God strengthened me and gave me wisdom. I had a passion and burning desire to succeed. Being a secretary, a banker, a fashion icon, a cooperate promoter and printer, a real estate owner, an oil magnate, that I can assure you was no easy feat. Firm belief that what is worth doing is what doing well or not doing at all.

I took charge of my life with the tools I have shared with you. I chose to become born again at the age of 40.

I chose to make a covenant with God that if he would bless me I would work for him all the days of my life. I chose to hold on to the cross and look up to him every step of the way. Today additional accomplishment includes a wife of almost 40 years, a mother, grandmother, ministry, counseling, outreach, NGO Rose of Sharon Foundation for widows and Author, writer, author of several inspirational books.

All I say to the glory of God. So I am 63 and I am not yet done. So what is your excuse? I never went to a University and I am proud to say so because I don’t think I have done too badly. You do not have to have a University education to be able to make it so count yourselves privileged to have that education as part of the feather in your cap” she said.

Watch video below

Billionaire oil mogul, Folorunsho Alakija who is reportedly worth $2.5billion is the chairman of Famfa Oil.

In May 2014, she was listed among Forbes 100 Most Powerful Women in the World for 2014.

In 2013 Folorunsho Alakija defeated Oprah Winfrey to beccome the richest black woman in the world.

Alakija started her career as a secretary in a bank in the mid 1970s,  she then studied fashion in London and returned to Nigeria to start a label, Supreme Stitches. But her biggest break came in oil.

In 1993, her company, Famfa Oil, was awarded an oil prospecting license, which later became OML 127, one of the country’s most prolific oil blocks, by then-president Ibrahim Babangida.

Alakija also has a charity called the Rose of Sharon foundation that helps widows and orphans by empowering them through scholarships and business grants.

Folorunsho Alakija is happily married and  blessed with four sons: Rotimi, Dele, Ladi and Folarin.

culled from naij.com