Post
Topic
Board Economics
Re: New business idea.
by
Pi-network314159
on 03/05/2025, 21:55:00 UTC
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.
Well it may be a nice business but one thing you should also consider is how many people are interested in such a business, because not everyone will like that business and secondly such business needs space. And thirdly the amount of money needed to buy this groundnout oil producing machine. Because it could aso be expensive to some people who are interested, considering the high cost of commodity in the market and this includes gradunt oil machine. So should have provide the price range if that equipment to see how guys can be interested about this machine.

With this graundnut oil making business, one can get the kind of life he/she wanted
You can't guarantee %100 profit return in this business, no matter how profitable it may be. Because certainly most people will still run loss if they do the business. So if it gives you money then you might be lucky but that does not mean that work for you will work out for the next person the way it worked for you.