Making money from undeveloped land

It is amazing that many have unused land in their hands without making money from it or using it profitably in any way. The common idea is that buying land is good and the longer you hold it the higher the value goes. This is true.

 As some investors say ‘land does not eat’, meaning that you can buy a piece of undeveloped land and do nothing on or with it and still make money because it gains value. However, this is not entirely right or strategic in many instances.

An asset is not only something that gains value but also something that puts money in your pocket. In the world of money, cash flow is king. Your purchase of land is an investment which should not only give you capital appreciation but cash flow or income value.

If we make a comparison with stocks, your investment gains capital appreciation when your stock gains value and you enjoy cash flow when you receive dividend payments. It is this cash flow aspect in relation to undeveloped land that many do not pay attention to.

When land is developed and the property is leased or sold it’s easy to understand that it brings in cash but when dealing with undeveloped land you need to be more creative.

Event Management Business: Being an usher can usher in millions of naira for you

 

I started with no dime, but with wisdom and people around me... —Adesegun Oluyimika, Director, Delectable Ushers

ADESEGUN Oluwayimika, the Director of Delectable Ushers, Alawode Avenue, Oke-Itunu road, Mokola, Ibadan has always been an events person. As a Psychology student in the University of Ibadan, he was holding a programme, ‘Expression’, which earned in accolades from students, lecturers and other people. The laudable way he coordinated ushers for the programme and the commendation of the guests to the programme about the ushers gave him an insight into usher services business.

“After my service year, I briefly worked in a photography studio, but my interest in usher services business and entrepreneurship encouraged me to pick up in the business. I started usher services business without any dime, but with the wisdom of God and the people around me, I made headway.

“One of the attendants of my programme in school, a politician, wanted to commission a project, so I spoke with him and he agreed to engage seven of my ushers for the programme, at just N3,000 because we were students.

“Now I have 25 permanent ushers on my pay roll, and so many temporary ushers. Our dexterity and expertise in the business have got us good jobs in the business, as my ushers have had the privilege to coordinate at one of the events of former Osun State governor, Olagunsoye Oyinlola; Oyo State governor, Senator Abiola Ajimobi; some members of the state and national assemblies, just to mention a few.

Become a millionaire from catfish fingerlings

Poor teaching remuneration propelled me to start my farm, now I’m a successful entrepreneur —Ayobami Omidiran, Executive Director, Aquatech Fisheries Institute, Ibadan

BEING a friend to a son of the owner of one of the foremost fishery farms in the early 80s, Onibonoje Farms, along Esa Oke, Osun State, gave the Executive Director of Aquatech Institute of Fisheries, Fodacis Area, Ring Road, Ibadan, Dr Ayobami Omidiran, a stint in fishery and propelled his interest in the business.

This informed his studies in Fisheries and Aquatic Biology in his first degree at the Lagos State University; Fishery Management in his Masters Degree at the University of Ibadan and a PhD (in view) in the same field, at the same institution.

Poor remuneration, according to him, showed him the way out of part time teaching at the Lagos State University into establishing his own farm, Aquatech Fishery Farm and a fishery institute, Aquatech Fisheries Institute, which is a federal government approved institution.

“I started with about N50,000 in 2001. I bought a pumping machine for N12,000; built a shed for N6,000; I bought fishes, and some equipment, like plastic bowl, towel, knife, among others.

Make cool cash editing videos

 

Passion for entertainment industry earned me the goodies of film editing —Dapo Adeaga, Executive Director, 247 Playback Productions

FOR Dapo Adeaga, the Executive Director of 247 Playback Production, Isheri-Olofin, Lagos, film editing is like paying a fish to swim.

The 2007 graduate of Mass Communication from The Polytechnic, Ibadan said: “Most of the movie and music stars, among others, who have seen me shoot, edit or direct a film fondly call me a born cinematographer. I believe my dexterity and dynamism in the art must have informed their conclusion.

“Immediately after my service year, I opted for an intensive and practical training in cinematography, which has been my childhood dream. This is because I believe I’m inquisitive and I have a keen passion for the entertainment industry.

All you need to know about Cake making business

Make cool millions from cake making business

CAKE making business is no trifling business as celebration-freak individuals across the globe will testify.There’s nothing more exciting than a good cake as part of life! In fact, everyone craves to celebrate and be celebrated always, while the little children, and even adults, make a room for good cakes in their fridges and tables.

According to Euromonitor, the British cake market was worth close to £1.8bn in 2007, a figure which was forecast to grow by almost five per cent by 2012.

Those who realise these facts, and have penchant for the business, would not hesitate to explore the goodies in the business, making millions year in, year out.

An expert cake maker, even the novice, could make good money when people are marking birth, anniversary or wedding, or a company just wants to give its staff a nice reward for meeting a particularly tricky target, among others, as a good cake will always be present in the celebration of the most important achievements in their lives.

The Secrets of Mike Adenuga's Success

Vision, hard work, dedication, patience, commitment, risk taking, obedience and yes, reclusiveness! These and many more have culminated to define the industrial mogul the world has come to know and celebrate.

As the business mogul celebrates his 60th birthday today, here are what young entreprenuers could learn from the  man, who has built his business empire from the ground up.

Dr Mike Adeniyi Ishola Adenuga Jr. (GCON), Chairman of the Mike Adenuga Group, fittingly symbolises the African enterprising spirit of passion, unalloyed commitment, resilience and hard work.

This businessman extraordinaire thrives on the principle of hard work, even as close associates say the billionaire works 18 hours a day. As if to buttress that point, he said “I have worked hard most of my life and I believe I have been very fortunate; although I must say I am a great believer in the man who said ‘The harder you work, the luckier you get.’” And yes, luck has indeed smiled on him.