Here is the list of business you need to avoid in 2020
Real estate business can be a bad investment sometimes, although some people venture into it and they earn a good amount from it annually. But I won’t advise you to go into it if you don’t understand the business pros and cons
Some years back motorcycle business used to be a lucrative business in the country but these days the business is very slow and that’s because the motorcycle has been banned in some states in Nigeria.
If you sell consumable goods like beans, bread, yam, potato In large quantities. Make sure you sell it in an environment where you will make quick sales or else you will risk all the money you invested in the business. If you don’t sell them on time they will become rotten and you won’t be able to sell it.
Forex trading is another business you need to avoid in Nigeria, if you don’t have good knowledge about forex trading don’t ever venture Into it or else it will turn out to be a bad investment. The business is meant for people who are financially stable because you heard Kayode earned a huge amount of money from forex trading doesn’t mean you will also earn from it.
There are some products that are meant to be sold in each season, In Nigeria, we have two different seasons, Which is the raining season and dry season. They are some things that are meant to be sold in a different season, if you sell them at the wrong time, you will risk the money you invested in the business.
The Ponzi scheme is very hazardous. I once heard about a lady that nearly committed suicide because she invested all the money she has been saving for over a year on the Ponzi scheme. A lot of Nigerians have been duped by this Ponzi scheme, I will advise you to ignore anyone you come or else you will regret venturing into it your mind.