HOW I MADE 10 MILLION NAIRA without owning a company or Product.
Fresh out of Caritas uni Enugu, I started TRADING CATTLE 🐄.
I found myself in Gumel( the Nigeria/Niger border), Kastina, Maigatari,
Katagun, Azare and Pastikum.
We will load 16 tire trucks with 34 cows 🐄
From northern Nigeria 🇳🇬 to port Harcourt, Bayelsa n Delta. It was 2011 and politician had just won elections and were giving their constituents and chiefs Christmas gifts 🎁.
I sold a total of 275 cows that year with 19 mortality.
After paying everyone, I counted my money 💰 😎
Trading is an important part in this entrepreneurship stuff. I was first a trader- I learnt where to invest, when to invest and when to move from seasonal sales.
In 2012, I lost 70% of my capital and that experience hardened me 🥺
I bought 80 cows 🐄 too early and didn’t have.
The market to sell:
Young Politicians were given those jobs as compensation for their election efforts 🥺.
Someone took 35 cows and gave me a bounced check.
I spent soo much on feeding 80 cows 🐄 - I sold at a loss after borrowing from my mother and sister 😢.
In 2013, My Dad said “if u want to do Agriculture, u must go and learn the ropes” I traveled from Dubai- China - Ghana.
From keffi- Adamawa- Ibadan - Benin Edo. I self taught myself. I saw the mistakes of others.
Then I ran into Mr. Dangote and he said something that changed...
My entire life!
He said “To be a rich person, you must find a product/service to sell everyday!
He said if I made 100,000 naira a day in profit that at the end of the year I would have made 35,000,000 naira.
I started looking for what products to sell DAILY...
I planned Daily Sales of
EGGS 🥚- 6,500 layer birds =200 crates ; I built 2 poultries in 4 years.
CatFish-20,000 capacity.
Broiler Birds -4,000 capacity.
Cockerel-3,500 capacity.
Goat 🐐-150 capacity.
Fields (I hate planting)-10 hectares.
I had to discipline myself 😢
After we developed farm products, we face the challenge of poor market segmentation, price inconsistency and spoilage. The future of agriculture I realized belonged to farmers who participated in the entire Value-Chain. Ella’sFoodBank was started in November 2019 ...
And by March 2020, coronavirus happened and Ella’sfoodbank is gradually becoming a household name and we are building a processing plant to package farm produce in Abuja.
I have edited and left out some part of my story. I pray u find some encouragement
You can follow @ChimdiIbeawuchi.
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