10 Businesses you can do, if you really desire to be rich in Nigeria

1.Real Estate

The real estate business in Nigeria is huge. The Country, Nigeria has a population of about 200 million with about 17 Million housing unit deficits,then smart investors will know that it is a fantastic sector to invest, coupled with the fact that shelter is one of the basic necessities of Life. 
Besides, properties are expensive in Nigeria most especially in Lagos, you can buy cheap landed property or house and sell it double the price in about six months or a year.

Really, any aspect of real estate is profitable in Nigeria.

 

2.Finance 

Nigeria is still grossly under-banked and access to credit and financial solutions are still largely not for everyone but the few. So the market is there especially the retail end, though a lot of the financial institutions are looking towards that side, but with huge population there is still room for everyone that is interested to invest and play in that sector.

In fact, some Nigerian Billionaires made their fortune from financial business, which should tell you volume.

 

3 Oil and Gas 

Nigeria as a country is Oil rich. No 1 to 10 richest Nigerians are mostly into Oil business. Anything oil and gas business is good –upstream or downstream in any capacity, you can always make good money.

 

4.Telecommunication

Telecommunication is another good area because people need to communicate that is why you see recharge cards dealers everywhere. It is said that over 125 Million Nigerians are GSM subscribers.

So at any level you play providing related services to 125Million people then you know that is a multi-billion Naira market.

 

5.Commodities

These are essentials all sorts of commodities- soap, toothpaste, sugar, salt, toothpick etc. In fact this business is unbeatable. No wonder Aliko Dangote is a billionaire.

You can start right away, look for wholesale suppliers or source all over Nigeria, repackage it and start selling to millions of Nigerians.

 

6.Internet Business

Anything on the internet is worldwide – founders of Google,Yahoo,Facebook,Amazon,Ali Baba etc are all Billionaires. The reason is because they are serving billions of people around the world. Even Nigerian Internet Entrepreneurs are making good money. You can start a blog, an online store, dating website etc.

 

7.Transportation

In Nigeria good transportation is a big challenge. The transportation system is so poor because most of vehicles are managed by the illiterates, the vehicles are bad and customer service is poor. The government investment in this sector is also not enough. Investment in this sector is 100% percent return guaranteed if you manage it well. Either you are investing in haulage, Taxi or shuttle buses.

 

8.Energy Business

Energy business is also a good one. Especially power associated business like Inverter sales and services, Solar power business, rural electrification, power related product sales like meter, cables, transformers, electricity cards etc. Whichever area you can play to provide service, because this sector is highly lucrative and it is an essential service business.

 

9.Construction

This is another good business. If you are a civil engineer or a builder you can start a construction firm if not you can be selling construction materials like Cement, Tiles, Doors and so on

 

10.Agriculture

This is it. Right now in Nigeria Farmers are now making money especially the ones that are exporting their products. Nigerians are now awake to the huge potentials in this sector and the present government is paying unprecedented attention to the sector. I tell you it is a money spinner.

HOW TO BECOME A SUCCESSFUL ENTERPRENEUR BY MICHEAL BLOOMBERG

Courtesy-POLITICO

Michael Bloomberg is one the richest in the world with total net worth of 50.5 Billion US Dollars according to Forbes. I found this article on Wall Street Oasis, where, he personally shared these tips on success. Michael Bloomberg: The following are some tips for becoming a successful entrepreneur based on my experience of building a company from the ground up, leading New York City as mayor, and founding a philanthropic organization.

1. Take risk

Life is too short to spend your time avoiding failure.

In 1981, at the age of 39, I was fired from the only full-time job I'd ever had - a job I loved.But I never let myself look back, and the very next day I took a big risk and began my own company based on an unproven idea that nearly everyone thought would fail: making financial information available to people, right on their desktops. Remember, this was before people had desktops.

In 2001, when I was debating whether to run for mayor, most people advised me against it. They all were afraid I'd fail. But one person said: "If you can picture yourself giving a concession speech, then why not go for it?" That was the best advice I received - and I followed it.

In order to succeed, you must first be willing to fail - and you must have the courage to go for it anyway.

2. Make your own luck

Luck plays a part in success, but the harder you work, the luckier you get.

Whatever you choose to do, even if it's not the job of your dreams, always work hard at it. Be the first person at work in the morning and the last to leave at night. Hard work creates opportunities where your resume cannot.

3. Be persistent

Persistence really does pay off. 

When starting my company, I would go downtown and buy cups of coffee. Then I'd take the coffee up to Merrill Lynch - our target audience - and walk the hallways.

"Hi," I would say. "I'm Mike Bloomberg and I brought you a cup of coffee. Can I talk to you?"

Even if people were wondering who I was or where I came from, they still took the coffee.

And I kept coming back, day after day, working to build relationships with potential customers. I learned about the audience for our product and what they could really use.

Three years after starting Bloomberg LP, Merrill Lynch purchased 20 terminals and became our first customer.

4. Never stop learning

The most powerful word in the English language is "Why." There is nothing so powerful as an open, inquiring mind. Whatever field you choose for starting a business - be a lifelong student.

The world is full of people who have stopped learning and who think they've got it all figured out. You've no doubt met some of them already - and you'll meet plenty more.

Their favorite word is "No." They will give you a million reasons why something can't be done or shouldn't be done.

Don't listen to them, don't be deterred by them, and don't become one of them. Not if you want to fulfill your potential - and not if you want to change the world for the better.

5. Give back

You are ultimately responsible for your success and failure, but you only succeed if you share the reward with others.

At the end of the day, ask yourself: "Am I making a difference in the lives of others?"

My first charitable donation was a $5 check to my alma mater, Johns Hopkins, not long after I graduated. I was just scraping by back then, but I continued to give. And while the checks may be bigger today, they come with the same spirit. You don't have to be wealthy to give back. You can give back by getting involved and giving your time and talents. You just have to be committed to opening doors for others.

Culled from WSO(Wall Street Oasis)

7 Secrets of how to be a billionaire shared by world renowned Billionaires

I will like to share with you the major secrets of the world renowned billionaires. We are not talking about wealth or success without a success story; we are talking of legitimate wealth.

I know some of my readers may wonder if truly there are billionaires with legitimate wealth especially in a clime like Nigeria or Africa. The truth is there are a lot of honest and legitimate people that are wealthy around us, and I will like to share with you major secrets of their success according to them.

These Billionaires are the richest in the world including Nigeria. Billionaires like Bill Gate,Aliko Dangote,Mark Zuckerberg,Mike Adenuga, Warren Buffet, Michael Bloomberg, Richard Branson and others.

Secret number 1 is Hard Work 
In one of the interviews of Dr. Mike Adenuga,Chairman of Mike Adenuga group and Globacom,a leading telecommunication company in Nigeria and Africa. He said “I have worked hard most of my life and I believe I have been very fortunate; although I must say I am a great believer in the man who said ‘the harder you work, the luckier you get.”

Aliko Dangote the richest black man and the richest man in the world, Bill Gates also corroborated this.

Aliko Dangote words “I enjoy myself a lot but i derive more joy in working. I believe in hard work and one of my business success secret is hard work. It’s hard to see a youth that will go to bed at 2am and wake up by 5pm.I don't rest until i achieve something."

Bill Gates says"20 years ago I would stay in the office for days at a time and not think twice about it." Can you imagine, someone staying in the office for days, in other words, not going home. Little wonder is the richest in the world. So to become a billionaire you must be ready to work hard.

Secret number 2 is Add Value 
Adding Value is also the same thing as solving problems. According to these Billionaires is their Second secret.

Mark Zuckerberg says of Facebook “It’s not because of the amount of money. For me and my colleagues; the most important thing is that we create an open information flow for people. Having media corporations owned by conglomerates is not just an attractive idea to me.”

Dangote in his words“Every morning when I wake up, I make up my mind to solve as many problems, before retiring home.”

So you do not just get rich without adding value or solving a problem. The man that sells you food solves your problem of hunger, the one that sells you recharge card solves the problem communication, Facebook solves problem of information and communication.

Think and give value then the money comes. The more problems you solve or value you add the more money you make and the richer you become.

Secret number 3 is Think Big

"I like thinking big. If you're going to be thinking anything, you might as well think big." – Donald Trump the 45^th President of America and first Billionaire President in America history.

Really Trump demonstrated this while contests the number one position in the world, many never gave him a chance but for whom he is – thinking big, he got it, he won.

Sir Richard Branson, Founder of Virgin Group sum it this way “I sometimes think in life you’ve got to dream big by setting yourself seemingly impossible challenges… If you don’t dream, nothing happens. And we like to dream big. “He is referring to himself and his virgin team. Little wonder they have space liner.

So really, if you are to dream while dream small, at least dream is dream either big or small. Why not do yourself a favor by dreaming big as these money masters says.

Secret number 4 is Learn From Your Mistakes

“Do not be embarrassed by your failures, learn from them and start again”says Sir Richard Branson.

“Making mistakes and experiencing setbacks is part of the DNA of every successful entrepreneur”-Sir Richard Branson

“If you don’t make mistakes you can’t make decisions”-Warren Buffet

“Never get too hung up on your mistakes” – Warren Buffet

Simply put mistakes are part of the process you want to succeed you can’t be scared of making mistakes. When you make mistakes you don’t get too hung up like Buffet said. You drop it and move on. Then success is nearer than you think.

Secret number 5 is  Persistence

Anyone that truly want to achieve immense wealth must be committed probably more than a hundred and ten percent if there is anything like that. In other words be persistence like Mark Zuckerberg says “Move fast and break things. Unless you are breaking stuff, you are not moving fast enough.”You must break things not looking back or discouraged to matter what, because“…..In the journey of entrepreneurship tenacity of purpose is supreme."Aliko Dangote further admonished.

Secret number 6 is  Take a risk

“Life is too short to spend your time avoiding failure.” Bloomberg. I absolute agree with Michael Bloomberg. If you are risk averse forget about mega wealth. You can’t be afraid of failure and succeed. Mark Zuckerberg confirms that, in his words he says “The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”

Secret number 7 is Be Positive

When you are dreaming of great wealth and you really want to be a billionaire then you can’t afford to give room to negativity, you can’t be a pessimist and be rich.

Your imagination and your thoughts must conform to the level of wealth you want. Billionaires always exploit that and you must exploit it as well. See what some billionaires have to say on this, in fact it is their common quote:

“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” - Warren Buffett

“High expectations are the key to everything.”–(Late) Sam Walton of Walmart fame

“I always knew I was destined for greatness.” - Oprah Winfrey

What Every Enterprenuer must learn from Aliko Dangote

“Every morning when I wake up, I make up my mind to solve as many problems, before retiring home.” Aliko Dangote

• Age 60 years

• Africa Richest

• Net worth in 2017:14.1 Billion USD

• Born April 10th 1957 in Kano,Nigeria 

Aliko Dangote undoubted is the richest man in Africa and the entire black race.

5 of the principles that set him apart are as follows:

Hard Work - Not much is needed to be said about this if you are not ready to work hard then you should not be thinking of becoming wealthy.In his words"I enjoy myself a lot but i derive more joy in working.I believe in hard work and one of my business success secret is hard work.It's hard to see a youth that will go to bed at 2am and wake up by 5am.I don't rest until i achieve something."

Solving Problems:He says“Every morning when I wake up, I make up my mind to solve as many problems, before retiring home.”

Ambition:Is the driver of achievement,suffice to say one without ambition is dead.This is also Aliko Dangote's view,he says"If you don't have ambition you shouldn't be alive."

Purpose:I think it is very crucial for everyone to know or find out the purpose of his/her existence, in other words.What would i love to be remembered for.Aliko Dangote says "After my death i want to be remembered as Africa's greatest industrialist"What about you?

Steady Growth:Wealthy grows,it does not happens overnight so you must learn to be persistent and be focused . "I build a conglomerate and emerged the richest black man in the world in 2008 but it didn't happen overnight.It took me thirty years to get to where i am today.Youths of today want to be like me but they want to achieve it overnight,it is not going to work.To build a successful business, you must start small and dream big.In the journey of entrepreneurship tenacity of purpose is supreme."Aliko Dangote    (Aliko Dangote talks to AL Jazeera.Enjoy viewing)

                                        

                      
THE STYLISH BILLIONAIRE(LOTS OF PICTURES  BELOW)

Billions for certain give you loads of fun and luxury. Though, Aliko Dangote is easy going, unassuming and prudent but he is still classy and stylish. 

His stylish Abuja Home

                                    

 

 
 
 

(Pictures Courtesy –Africa Cradle)