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What's Your Thoughts On Transportation Business?
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[QUOTE="Jasz, post: 228262, member: 61772"] It's true that so many made money and are still making money through transportation business. Well, i wilI use Nigeria as case study. If you are talking about transportations business just llike Ubar, i think there is much hope of success. But if you are talking about mass transits that run on a far distance , like interstate transportation? I will rather invest on land or housing business. Considering some factors in Nigeria, let's assume you are so rich, you bought two healthy hummer buses at the rate of 25 million naira each, you are expected to run this business for roughly a year and 6months to get back your capital, and this is without uncertainties. Consider a case your vehicle involved in accident, a fatal one at that, or your car got stolen or confiscated. Aside from these occurrences, you will have to pay your driver huge amount as wages, maintenance of the car, what if he is not trust worthy, what if he uses the vehicle roughly and for personal use, what if he runs off with it? So many disadvantages, the troubles on highway. i feeI those who go into this business are those who are so determined, 'cus you need time to make that success. The next people are probably the politicians who are very rich and have connections in case of any trouble. [/QUOTE]
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