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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

De Mogul
De MogulExpert Mind
Asked: August 8, 20252025-08-08T10:40:48+00:00 2025-08-08T10:40:48+00:00In: Money & Business

How will you use 1 million as an entrepreneur

How will you use 1 million as an entrepreneur
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3 Answers

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  1. Carpon
    Carpon Expert Mind Hustler
    2025-08-08T10:51:57+00:00Added an answer on August 8, 2025 at 10:51 am

    As an entrepreneur 1 million is a money that I can use to only start something on a small scale because starting business now requires a lot of capital in Nigeria because money has been so deeply load and you find out that you may have a huge amount or then it will not be able to yield anything to uRead more

    As an entrepreneur 1 million is a money that I can use to only start something on a small scale because starting business now requires a lot of capital in Nigeria because money has been so deeply load and you find out that you may have a huge amount or then it will not be able to yield anything to use it in terms of investment and beginning something like a business.

    As a student I will go for something that does not require my presence actively and then that will be something like a tutorial in cuz I have family in the village that will help me take care of it.

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  2. Aphodia
    Aphodia Active Contributor I am a student
    2025-08-08T14:39:05+00:00Added an answer on August 8, 2025 at 2:39 pm

    As an entrepreneur, having 1 million naira at hand is quite a good amount of money to establish a small scale business. Here is a list of business that you can establish with 1 million naira in Nigeria 1. AGRICULTURE:  You can conveniently use 1 million naira to invest in agriculture. You can eitherRead more

    As an entrepreneur, having 1 million naira at hand is quite a good amount of money to establish a small scale business.

    Here is a list of business that you can establish with 1 million naira in Nigeria

    1. AGRICULTURE:  You can conveniently use 1 million naira to invest in agriculture. You can either invest in crop production, fish farming, poultry and livestock rearing.

    2. POS AGENT: You can become a POS agent with 1 million naira. You just need your POS machine and a shop.

    3. CYBER CAFE: You can use open a cyber cafe in the campus environment with one million naira.

    4. BOUTIQUE:  This is also a very good business to establish with a capital of 1 million. You can sell different types of cloths, shoes, bags and other fashion accessories.

     

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  3. Augusta
    Augusta Enlightened Mentor
    2026-04-25T05:33:30+00:00Added an answer on April 25, 2026 at 5:33 am

    As entrepreneur you can uss a million to sell products that are really demanding In nature. I would say you can go for groceries selling and household items. You would have a big store with these two categories if you go into these two.You can also use this amount for producing or manufacturing bakeRead more

    As entrepreneur you can uss a million to sell products that are really demanding In nature. I would say you can go for groceries selling and household items. You would have a big store with these two categories if you go into these two.

    You can also use this amount for producing or manufacturing baked goods. People love to have baked goods . You would make good of this money this way 

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