I would have posted this thread on my local board (Nigerian local board) but I didn't because both Nigerians and other countries can still benefit from this little business idea.
The kind of business I want to share is what is called graundnut oil making. This business idea can help someone that doesn't even have a skill and someone that is not even educated, all the person just needs to have is the money to buy the manufacturing equipment that's all.
With this graundnut oil making business, one can get the kind of life he/she wanted because the demands in this graundnut oil making business are a bit high. One can even start with a little money. However, this business is also an investment. If one can dedicate more time to it, he/she can benefit from it (can make it a company).
this information shows how the demands of the graundnut oil is in my country today is.
You can also watch a little on how to
manufacture the graundnut oil, I can even invest more if I have this business and start making more money, so what are your takes in this idea?
I appreciate your enthusiasm for the groundnut oil business idea, but I have some concerns. While I agree it could potentially help individuals with limited skills or education, I'm not sure it entirely eliminates the need for some resources and expertise. Remember, you mentioned needing money and equipment, which may require acquiring funding. Finding investors often involves strong communication skills, and market research demands a certain level of knowledge. Additionally, managing finances, sales, and other aspects of the business requires specific skillsets.
However, I agree that groundnut oil has potential. Since palm oil is more common in my country, thorough market research is crucial to understand its viability. Perhaps we can explore options that minimize initial investment and leverage existing skills while addressing the skill gaps through training or partnerships