Quick Answer: What Business Can I Do With 500k?

What business can I do with 20 million naira?

Business You Can Do With 3m – 20 Million Naira In NigeriaOpen a Restaurant.Start a Fumigation Business.Tomato Farming.Importation of wears.Livestock farming.Big Bakery.Medical & Laboratory Equipment Supplies.CCTV Security Camera – Alarm Installation & Sales.More items….

How can I get rich in 5 years?

How to Become Wealthy in 5 YearsBecome Financially Educated.Find a Wealthy Mentor.Take Control of Your Finances.Save With the Intent to Invest.Network With The Rich & Wealthy.Multiple Sources of Income.Learn Faster.Take Care of Your Health.More items…

What business can I start with 20 lakhs?

20 Lakhs to 30 Lakhs – Businesses For Sale in IndiaEstablished & Renowned Milkshake Franchise for Sale. … India’s First Premium Thickshake Brand for Sale. … One year old profitable Burger joint franchise is on sale. … A Profitable running fast food restaurant for sale. … Leading Namkeen processing unit is up for sale in Delhi-NCR.More items…

What type of business should I start?

Need a Business Idea? Here Are 55.ACCOUNTANT. Experience, training or licensing may be needed. … BICYCLE REPAIR. In many parts of the country, this business tends to be seasonal, but you can find ways around that. … BOAT CLEANING. … BUSINESS PLAN SERVICE. … RIDE-SHARING DRIVER. … CLEANING SERVICE. … CHILDREN’S PARTY PLANNER. … CONSULTANT.More items…

What business can I start with 1million naira?

Business I can start with 1 million naira in NigeriaOpening a small supermarket. … Opening a small restaurant. … Boutique business. … Phone and computer accessory business. … Bakery business. … Producing yoghurt and ice cream. … Poultry farming. … Fish farming.More items…•

What businesses can make you rich?

25 Businesses That Will Make You a Millionaire in 5 YearsFinancial Services. … Eldercare. … Business Consultancy. … Investment Firm. … Education and Training Service. … Insurtech. … Cleaning Business. … Healthcare Consultancy.More items…•

What business has the highest ROI?

Here are the 15 most profitable industries in 2016, ranked by net profit margin:Accounting, tax prep, bookkeeping, payroll services: 18.3%Legal services: 17.4%Lessors of real estate: 17.4%Outpatient care centers: 15.9%Offices of real estate agents and brokers: 14.8%Offices of other health practitioners: 14.2%More items…•

What are the fastest growing business in Nigeria?

Fastest Growing Businesses In NigeriaCatfish Farming. A lot of people have registered success as catfish farmers. … Poultry Business. Being one of the wealthiest farmers in the world, FU Guangming has a net worth of $1.5 billion. … Real Estate. … Haulage and outsourcing. … Food Processing. … ICT. … Daycare Centre. … Bottle/Sachet Water Production.More items…

What business can one do with 500k in Nigeria?

That being said you can pick from these top 12 lucrative business ideas you can start in Nigeria with 500k or less than 1 million naira.Printing and Publishing.The Building Block Business.Renting Service for Building Materials.Computer Service Center.Farming.Food Processing.Sports Betting.Exportation.More items…•

What business can you start with 300k?

55 BUSINESS IDEAS YOU CAN START WITH AS LOW AS 300k UGX ( 85$) TO AS MUCH AS 300m UGX (85,700$)….Fast Food Restaurant.A small pub.Hotel of 1 star.Classic Barber Shop.Salon/dry cleaning services in posh estates.General shop or groceries.Laundry contract business.Classic Car Wash.More items…

What business can I start with 150k?

Find below 30 businesses you can do in Nigeria with 100,000 naira or less.Hair dressing/ Barbing Salon.Plantain chips production and sales.Restaurant services.Tailoring/ fashion designing.Catering services.Poultry farming.Cat fish farming.Cassava Farming.More items…•

How can I be a millionaire?

Here’s to making this happen this year!Develop a written financial plan. … Focus on increasing your income. … Take advantage of Uncle Sam’s generosity. … Increase your streams of income. … Automate your savings. … Upgrade your skills and knowledge. … Live below your means and lay off the credit. … Associate with millionaires.

What business can I start with 500000?

Pharma Business:-Setting up pharmaceutical manufacturing business is another very good idea. … Diamond/Gold Jewelry Business:-Another very good business idea is to open business of diamond processing or trading of gold jewelry. … Food Business:-Starting food or restaurant business is very good idea.More items…

What business can make me a millionaire in 1 year?

10 Businesses You Should Invest in to Become a MillionaireStart an Insurance Company. … Build a Highly Profitable Affiliate Website. … Start a Custom Academic Assignment Service. … Start a Business Consultancy Brand. … Develop a Digital Product. … Develop an Eco-Friendly Business. … Start a High-Rate Legal Service. … Launch Your Own Digital Marketing Agency.More items…•

What business can I start with 200k?

Listed below are profitable small businesses you can start with 200k that are thriving in Nigeria today.Open a Restaurant.Start a Fumigation Business.Laundry and dry cleaning services.Starting your own home services.Importation of wears.Livestock farming.Car wash center.Corporate cleaning services.More items…