My plans for 1 million dollars
No lies at all; 1 million dollars is a huge amount of money in my country; it's equivalent to 950 million naira with the rate of 950 naira per dollar.
If I get this opportunity to have 950 million naira in my account and to use it as I like, I will do a lot of things with it.
I just finished school, and I have a good number of business ideas to do, but the unavailability of money has been a hindrance. Having such an amount with me, I would some part of it to invest in the following sectors/businesses;
Invest in petroleum
100million naira should be available to stand a good running Petro station (filling station)
Right from ancient days, the petroleum business has passed through the test of time and remained standing with good and continuous profit.
Currently, petroleum, such as PMS, is at a very high price, and with the look of things, it's not willing to come down but rather will continue to inflate. Although the purchase cost in the refinery is high, coupled with the fact that fuel subsidies have been reduced, however the profit will always be there.
Cement business
This is one business I've been dreaming of venturing into, and it needs a good sum of money to start with.
Just like the demand for petroleum, the demand for cement is sure; it can't diminish even when people are complaining of economic hardship; its demand is always steady because people will always build houses.
Currently, the price of cement is N5,200, and it's still pushing up.
Also, people are complaining, but they're still buying too.
With just $100 million, I should be able to get a storehouse, purchase cement in bulk, buy a van, and employ some staff.
Invest in land.
This is another investment I would love to go into.
There are places in Nigeria (in bushy areas) where lands are still sold for N400,000 to N500,000 per plot. Imagine using like 100 million to buy large plots of such lands and keep them or farm on them till development gets there and sell them off for N2,000,000 to N3,000,000 per plot.
Investment in crypto currency
I'm not so inclined toward cryptos, so I'm always skeptical whenever it comes to investing in crypto. However, I've got the regular fluctuation of HIVE, and if I invest like 20 million naira, it'll surely yield profit over a period of time. I'm not scared of this coin because it doesn't seem like a rug-pull thing at all.
For sure, the money remaining will still be big.
I would build a house in the village and make sure my family live a stress-free life.
Thank you
Wow, cement is such a good business and this money can truly contribute much to that business
With a budget of 1 million dollars, my business plans involve becoming an aws managed service partner focusing on cloud solutions tailored to small and medium-sized enterprises. This partnership will enhance our credibility, enabling us to provide top-notch AWS support, migration, and security solutions. I plan to allocate funds for a skilled team, cutting-edge infrastructure, and marketing efforts to reach a wider audience, ultimately creating a scalable, profitable managed services business.
Posted using Splintertalk