Today’s prosperity has its foundations in the
knowledge in many fields that has been built up since the beginning of the
industrial revolution. Tomorrow’s prosperity, however, will largely be built on
knowledge that is yet to be created.
This is why, in the context of very rapid change, the
foundation of economic success is shifting from the management of knowledge to
the management of talent. Today’s developed countries are better described as
‘talent-intensive societies’ than as ‘knowledge-intensive societies’. Its
wealth creators and high earners are not only scientists, engineers, bankers
and lawyers; they are artists, sports players, rock stars, fashion designers, chefs,
interior decorators, therapists, landscape gardeners.
Business leaders understand that without an adequate
supply of fresh talent their business has no future, regardless of its existing
assets or whether in terms of cash
There is, however, a need for fresh thinking about what we understand by the word talent. At present many employers reserve the word ‘talent’ for the few high fliers who are destined to become top executives or high level specialists. This is too narrow a view for a world with multiple challenges – needing people with a wide range of high level capabilities.
Talent of very many kinds is all around us waiting to be unleashed. ‘Talent’ should not be seen as a rare quality, but a diverse, multifaceted one that exists, to some degree and in some form, in everyone – it is abundant. It is a nice quirk of the English language that talent is an anagram of latent, underlining the fact that so much talent remains hidden and undiscovered.
Until the relatively recent past the great majority of
the innovations that have led to greater wealth creation, from the steam engine
to the driverless car, have stemmed from the work of scientists and engineers
in North America Japan and Western Europe. In 2001 98655 patents were granted
to organisations or individuals in the USA, 34,890 in Japan and 20,964 in
Germany, UK and France. 902 were granted in China. In 2014 the number
granted in the USA had grown to over 150,000, in Japan to 56,000 and in the
three European countries to 64,000. 7,291 were granted in China.
Yet over the next few decades millions of people who,
even in quite recent times would have been employed as farm workers or in other
jobs involving relatively very low wealth-creating potential, will become
graduate engineers, scientists, surgeons, lawyers and managers. Nearly 7
million students are expected to graduate from China’s institutions of higher
education this year, up from less than a million in 1999 and two and a half
times the number graduating in the United States. In 2004 China overtook the
United States in both the number of students enrolled and the number of degrees
awarded annually. And by 2020 the Chinese government expects to have a total of
195 million college graduates in the labour force, compared with a total
projected labour force of 167 million in the United States.
The wealth that will be created by such cohorts of
graduates over the next twenty or thirty years is beyond imagining.T he
importance of investment in education, arguing that whereas in the past farming
and food production were the base on which a country’s wealth was built, in the
modern world the school has taken the place of the farm. The countries that
prosper most will be those that are most successful in developing their pool of
natural talent. To do so calls for an educational system in which not only all
talented young people have access to the very best educational institutions,
regardless of their socio-economic or ethnic background, but also one which
recognises and makes provision for the many facets of talent.
- BUSINESS IDEAS
Is it accurate to say that you are considering
Investing but don’t know where to start
or which business to put your money into? Here are top 20 most
profitable business ideas you can
put your money into and start making millions in the blink of an eye. The
business ideas are highly lucrative businesses you can count on. They are up to
date and among the profitable business ideas.
1. Poultry Farming – This business is making normal
Nigerians rich. It is lucrative to the point that even foreigners are coming to
put resources into poultry farming business in Nigeria. What’s more, why not,
in a country of more than 150 million people, what can you expect? If you can
open the business with 1,000 chicks and manage your poultry farm properly when
the revenue starts to come in, you will be making up to N30 million every year.
2. Cassava Production – People are starting to turn
their regard to this part of farming in Nigeria that has been ignored for many
years. Cassava derived food are probably the most consumed food in Nigeria. On
the other hand, if that you can put resources into developing 50 – 100 Acre of
land in a ripe area like Ondo State, your harvest will be fertile at the
end and, of course, bring in surprising income.
3. Import Used Cloth – Tokunbo market in Nigeria is
huge and many people like to purchase used things that are high caliber than
buying fakes. The expense of purchasing and importing used materials is low
compared to the costs in the business sector here in Nigeria, definitely high
turn-over for your money.
4. Sell Furniture – Buying and selling of locally made
furniture is a moneymaker. You don’t have to be a carpenter to do this, simply
know the standard technique in selling it and call for supply from dependable
Carpenters while you show up and sell in your showroom. It is a major business
in Nigeria as no one, but few can tolerate the cost of the foreign-made
furniture.
5. Snail Rearing – Snail rearing is one of the choices
animal farmers cherish for some reasons. It is a low capital business with high
return and the business is huge. There are few people right now doing this –
and a large portion of them are doing it in a low scale. If someone puts an
intense effort in snail farming, the person is certain to earn a substantial
amount of money in Millions within a year.
6. Rice Farming – Rice remains the most consumed food
in Nigeria and Billions of dollars goes into importation of this item yearly
from China and Thailand on the grounds that the local agriculturist are not
able to take care of the demand because of poor financing and constrained
information. Anyone who has a million dollar to put into this small business
should be ready to receive a return of 100% at the end.
7. Beverage Drink Factory – Nigerians drink fruit
juices more than the westerners, simply because everyone is scared of getting
fat. That is the reason businesses like La Carcella and Chivita who came into
the business not long ago are making billions of Naira every year. This
business requires huge capital to start, but if you can afford the cost,
it’s a unique business idea, despite all the trouble.
8. Pure Water Business – You know how prominent this
is in Nigeria and what number of that are consumed daily in Nigeria. Despite
the fact that this business is capital intensive but well worth putting your
money, particularly if you can supervise it regularly with refined skills. Pure
water is a profitable business idea in Nigeria.
9. Oil and Gas Business – Nigeria is blessed and
honored with a huge deposit of oil in our land which shows a portion of the
finest business open door for Nigerians and Foreigners throughout the years.
Owning a Petrol Filling Station, Supplying of Diesel, and distribution of
Kerosene are some of the areas you can contribute effectively and take in
substantial income for yourself.
10. Haulage Services – The expense of taking a truck
from one spot to another in Nigeria is between N20, 000 to N200, 000 per
trip. Because of the poor rail transport system, the majority of the Nigerian
products are transported through the street, making haulage business in Nigeria
a feasible one.
11. Hotel Business – This is likely the coolest money
making business opportunity in Nigeria. Invest in a small scale hotel of about
12 suites and watch as the money flow in. This has nothing to do with tourism
report of any sort; there is simply something in Nigerian system that makes
this business extremely lucrative – Nigerians are cheerful folks!
12. Fast Food restaurant – Restaurant business is
another profitable idea, however, poor management can kill it to downfall! In
case, you wish to go into this business, make sure to get everything right and
bear in mind that the capital to start are intensive and require good
management skills. Remember that as it may, if you make it right, you’ll make a
living from this type of entrepreneurial opportunity.
13. Import Tokunbo Spare Parts – If you are in USA,
this business is beneficial for you. Don’t simply continue importing exotic
cars, put together fairly used spare parts in containers and ship down to
Nigeria. It’s a good business to start in Nigeria.
14. Invest in Landed Property – Property appreciates
every day in Nigeria. At this moment, Nigeria is one of the countries on the
globe where landed property is generally a lucrative business. If you buy a
piece of land anywhere in Lagos, you are sure to make 100% gain in two
years. You can buy and resell quickly and make a profit. You can buy now and
resell later.
15. Cleaning – Professional cleaners at affordable
rates are uncommon in Nigeria. What we have been professional Dry Cleaners
whose service fees are too high or ordinary dry cleaners who can never keep up
with time. Give them clothes today and come next week to meet them unwashed.
This business is a cash producer if you can make it work and able to adjust it.
16. Start Car Wash Business – This business is great
and among the successful business ideas you can set it up in strategic areas
like Lagos and Abuja where you have a great number of cars.
17. Building Materials – The rate at which new houses
are popping up in Nigeria surprises me every day and you get the chance to ask
why many people still grumble of building issue. Investing your money into
building material is a decent business and I can give you the names of those
that I know who are making millions daily in this business niche.
18. Transport Business – What we have in this sector
are transport companies that are solemnly managed by area boys and touts. If
you put your money into this business with good management and you will be glad
you did and definitely walking out of the bank every day.
19. Nursery and Primary School – School business has
no competitor among the industries operating in this type of business ideas.
Most parents I know roughly spend a million Naira for school fees each term
just to learn ABC!
20. Invest in Online Business – This is another
business idea that any talented kid can grab the opportunity that is creating
millionaires around the world including Nigeria. It’s basic! You don’t need to
be a Tech man, all you need is to search for an existing online tech startup
with smart ideas and invest in. In 1 to 2 years, you will be counting your
turn-over in millions.
In conclusion, our number one goal has been to share
business ideas openly and urge people in Nigeria to start a business they could
call their own. These innovative business ideas provided above were intended
for folks who know how to make use of business opportunities. Rather than
letting the money sits in the bank to no returns. I hope these top 20
profitable business ideas can help you take advantage of riches and make 100%
profit on your money.
- ONE HUNDRED BUSINESS SUGGESTION YOU CAN DO
1.Nylon Production
2.Catering Services(Indoor and Outdoor)
3.Mobile food Vending
4.Computer Training Centre
5.Computer Repair and Accessories Sales.
6.Mobile Phone Sales and Repairs
7.Rental Services
8.Food Processing
9.Cement Sales and Distribution
10.Frozen food Sales
11.Pure and Bottled Water Production
12.Livestock Farming
13.Used Car Sales
14.Social Media Marketing
15.Blogging
16.Freelance Writing
17.Mini-Importation
18.Exportation
19.Cooking Gas Sales
20.Recruitment Agency
21.Uniform Making factory
22.Ready-to-wear cloths making
23.Haulage and Logistics
24.Transportation
25.Online Marketing
26.Bulk SMS Services
28.Daycare Centre/Crèche
29.Small Scale Manufacturing
30.Scrap metal sales
31.Waste Management Services
32.Pet Breeding
33. Animal feed production
34.Ethanol Production
35.Software and games development
36.Security gadget sales
37.Cleaning Services
38. Recharge Card Printing and Sales
39.Sports Viewing Centers
40.Building Blocks Production.
41. Art Gallery
42. Ice Cream Production
43. Jewelry making
44.Travel agency
45.Natural Fruit Juice Production
46.Photography and Videography
47.Magazine Publication
48.Monogramming and Branding Services
49.Weight Loss Consultancy
50.Biscuit Production
51.Printing and Book Production
52.Private Library Services
53.Hairdressing Salon
54.Nail Studio( Manicure and Pedicure)
55.Selling Fruits
56.Selling honey
57.Affiliate marketing
58.Personal Fitness Instructor
59.Business broker
60.Car Wash and Detailing Services
61.Dating Service
62.Make-up Artist
63.Video game Center
64.Pharmaceutical company
65.Stock Photography
66.Art brokerage
67.Resume writing
68.Online Vitamin/Health Food Store
69.Virtual assistant
70.Pest control
71.Car Rentals
72.Nanny agency
73.Mail-order business
74.Ice block production
75. Restaurants
76.Solar energy installation and equipment sales
77.Antique Furniture Sales
78.Laundry Service
79.Virtual Call Center
80.SEO Consultant
81.Gift Baskets
82.Disc Jockey (DJ)
83.Personal Shopper & Errand Service
84.Wine Production
85.Sports Collectible Shop
86.Funeral Arrangement Company
87.Oil Palm Plantation
88.Internet Radio Station
89.Online Clothing Store
90.Modeling and Event Ushering
91.Marketer/PR Agent
92.Fashion Stylist
93.Automobile Repairs and Fleet Management Services
94.Facility Management Services
95.Appliance Repair Service
96.House Painting
97.Alternative Power Supply
98.Security Gadget Sales and Installations
99.Chalk Production
100.Soap Production
