Good afternoon all, am a young man that just started life, so please advice me on what to do!

I have 150k spare cash that i would love to invest in a business... Though the business i have in mind is dry cleaning but i want to know if there is another business that is more lucrative over a long period of time...

Am not the one to manage the business, i just wanna open it and put someone in charge, though the place i wanna run d biz is near my own shop. And again, will d 150k b enough to buy all major machinary needed to deliver top notch services to my clients.

Thanks as you make an input.,

Cc monique

Are you in nigeria?

Oowel:
Are you in nigeria?

Yes sir

RisenJoe:
I have 150k spare cash that i would love to invest in a business... Though the business i have in mind is dry cleaning but i want to know if there is another business that is more lucrative over a long period of time...

Am not the one to manage the business, i just wanna open it and put someone in charge, though the place i wanna run d biz is near my own shop. And again, will d 150k b enough to buy all major machinary needed to deliver top notch services to my clients.

Thanks as you make an input.,

do u know how much dollar is this morning? ...yeah ...ur 150k wont buy much....
still... buy it....why?

exchange rate has been growing at an exponential rate....btwn February and now... exchange rate moved from N330 to N509...

since them born you....dollar don come down before....u can never go wrong keeping ur cash in dollar

JUst buy with that 150k and wait till december.....

For this kind of advice you need, it depends on your location becos there are some business that are favourable in the North that may not florish in the South.

Where is your lication to set up this business?
Open close to youe shop, what are you currently doing?

Skiloloplc:
For this kind of advice you need, it depends on your location becos there are some business that are favourable in the North that may not florish in the South.

Where is your lication to set up this business?
Open close to youe shop, what are you currently doing?

I deal in building plumbin materials at ogun state.. Atan precisely... D shop i wanna use was my former parkin store, i just want to convert it.

advanceDNA:


do u know how much dollar is this morning? ...yeah ...ur 150k wont buy much....
still... buy it....why?

exchange rate has been growing at an exponential rate....btwn February and now... exchange rate moved from N330 to N509...

since them born you....dollar don come down before....u can never go wrong keeping ur cash in dollar

JUst buy with that 150k and wait till december.....

Thanks 4 ur advice sir, but am lookin to open another source of income which have the potential to expand and multiply over d years...though u made a valid point but d volatility of forex is a no go area for me.