This post was made by KAA 2 days ago and for me ,it is not a balanced thought  ,though he has a point .

If any one must go into business ,firstly ,the person must be prepared.

Prepared in mind ,body, soul ,mentally too because business is not for the faint hearted . One major decision,everything is gone .

I wasn’t prepared about 21 years ago , I found myself learning and learning fast , so I resigned and started my own company , in 3 years , I should the entire capital market as Proven and became a billionaire . The melt down of 2008 and the major banks shaking made me lost over half a billion naira to the same market .

I would rather advised that anyone who would go into the market as a beginner should do so with little funds .

For you to start a business and you have a million Naira ,my counsel for you is fixed the money in an interest yielding investment and not stock and go learn a skill or for develop yourself too well for the business you want to start .

Learn all that you need to learn ,if possible be an apprentice to or for your mentor who is also in that business,having proven you are ready ,your interest would have compounded and your capital intact,then you can begin your business .

One major thing I would like to say here is . Don’t ever invest in stock as you start your business until you know the nitty gritty. However ,plan your profit just like I have learnt from from Robert Kiyosaki and Bishop Oyedepo .

Fragment your profit ;

1. Plough back    – 30%

2. New business or Project ( diversification)  – 30%

3. Pay yourself   – 10%

4. Savings           – 20%

4. Investment    – 10%

When I say your profit ,I mean after you have charged your P and L with these figures as expenses and taken them out of your account from your gross profit  ;

1. Unexpended Amount -20%

2. Dividend                        -20%

3. Tax                                 – 25%