Which business can I start with 2million?

Which business can I start with 2million?

With two million naira in account, you can invest into businesses like recharge card dealership which allow you to represent the mobile telecommunication networks as a dealer for distributing or selling recharge cards and data bundles to subscribers/customers across the nation.

How do you make a million dollar start up?

3 Rules to Build a Million-Dollar Startup

  1. Listen to Your Customers. You need to make something that totally makes jaws drop and is so powerful that it can’t be ignored.
  2. Think about Monetization and Get Organized.
  3. Find a Large Market and Make Your Product a Must Have.

What business can I start with 5m?

What Business Can I Do with 5 Million Naira In Nigeria?

  • Start a school of your own.
  • Start an agro-chemical industry.
  • Acquire real estate.
  • Become a motor dealer.
  • Establish a private broadcasting corporation.
  • Become a major distributor for a pharmaceutical company.
  • Look for investment opportunities.
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What business should I start to get rich?

Ranking: The 10 Best Businesses to Start Now to Be Rich in a Decade

  • Technology. Best sub-sectors: Cloud computing, machine learning/AI, and big data.
  • Health. Best sub-sectors: Biotechnology, health data management, and personalized health.
  • Energy.
  • Media.
  • Consumer Retail.
  • Construction.
  • Hospitality.
  • Finance.

How can I start a business with 1 million?

Business I can start with 1 million naira in Nigeria

  1. Opening a small supermarket.
  2. Opening a small restaurant.
  3. Boutique business.
  4. Phone and computer accessory business.
  5. Bakery business.
  6. Producing yoghurt and ice cream.
  7. Poultry farming.
  8. Fish farming.

What are the best businesses to start with 1 million dollars?

Another good business that an entrepreneur with one million dollars startup capital should consider starting is a car dealership business.

Where can I get a 2 million dollar business loan?

Though not as common as small-dollar business loans, it’s still possible to find $2 million in financing from the standard providers: banks, credit unions and online lenders. But you might have trouble qualifying for a competitive rate if you don’t have good credit or high-enough revenue to afford the five-digit repayments.

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Why do entrepreneurs want to start a million-dollar business?

That’s why most entrepreneurs want to ensure they recoup their startup costs by entering a lucrative industry. People talk sometimes about “million-dollar” business ideas, and while the definition behind that term is murky, some businesses undoubtedly have more potential to earn millions than do others.

How much would it cost to take out a $2 million loan?

If you were to take out a $2 million business loan at a 9\% APR with a 15-year term, your business would be on the hook for monthly repayments of $20,285.33 and a total loan cost of $1,651,359.70. Fill out the form and click on “Calculate” to see your estimated monthly payment. Based on your loan terms… This breaks down to…