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10 Hot Businesses to Start with 500,000 Naira in Lagos

Last modified about 3 years ago by . Posted in School News |

10 Hot Businesses to Start with 500,000 Naira in Lagos.

Hot Businesses to Start with 500K… Are you an aspiring entrepreneur with N500,000 to start up a business in Lagos? And are you wondering what business you could possibly start? First, you should know starting a business is that you do not expect to make millions overnight.

Hot Businesses to Start with 500,000 Naira

10 Hot Businesses to Start with 500,000 Naira in Lagos

It takes time to grow and you will have to invest and put more effort to get the results you want. With that in mind, below are 10 hot businesses you can start with N500,000 in Lagos:

  1. Grocery Store

This is a type of business that works irrespective of the location and provides daily income. The items sold here can range from fast food, candies, soft drinks and toiletries.

You can choose to create a permanent grocery store or a grocery store for emergencies where you can move from place to place. The grocery store for emergencies works best in places were camps are held.

This business is highly lucrative once it is setup because it provides a residual income.

  1. Poultry Business

This is another great business idea. You could choose to focus on selling eggs, frozen chicken or the birds. This business requires a location for rearing the birds; you can use your backyard.

You will definitely have good returns when you invest in this business as long as you have good breeds for whichever aspect you choose to focus on.

  1. Fish Farming

This is a great idea for aspiring entrepreneurs. You make huge profits from growing fishes and selling them to retailers. There is more demand for fish than supply so this is definitely a good business to venture in.

  1. Fashion Designing Business

This is also a great business idea to start with N500,000. There is a high demand for tailors and fashion designers everywhere and if you have the skills, then this is just the right business for you.

  1. Football Viewing Centre

There are football fans everywhere, including Lagos. They enjoy watching as many matches as possible, not minding how much they have to spend to watch it and also share their experiences among themselves. All you need to start include: a hall, a television, decoder and sitting arrangement.

Football viewing centers usually charge between N100 to N300 for each match, that is why it is a great business idea to start with N500,000.

  1. Day Care Centre

This is a place for taking care of babies daily. You would need a room, toys and baby supplies to setup this business and it is a very lucrative business to start with N500,000

  1. Photo Studio

This is yet another great business idea. If you are good at taking pictures and you love photography, then this is the right business to start up. This days, people like taking pre-wedding photos, pre-birthday photos, event coverage, etc so you will definitely earn a lot in this business.

  1. Event Planning

As an event planner, you get to decorate and plan events for as many clients as you can get. There are bound to be events like weddings, birthdays, conferences, etc., from time to time. You could make good returns if you invest in this business.

  1. Tutoring Centre

This is a place where people go to be tutored for external examinations. You could offer to keep preparatory classes for WAEC, NECO, GCE, JAMB, etc. all you need to get started is a location and good teachers.

  1. Business Centre

This is another good business idea to start with N500,000. All you need to begin are the necessary equipments like photocopying machine, laminator, computer systems, etc. then you can start offering your services.

What’s your take on this? We believe this article was helpful, if yes, don’t hesitate to share this information with your friends on Facebook, Twitter, Whatsapp and Google plus.

NG Team.

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