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Showing posts from November, 2022

WHY PEOPLE GO BANKRUPT DOING TRUCK BUSINESS IN NIGERIA: THE MANAGERS (3)

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    Managing a truck business is not a job that can be fallaciously given to anybody without the sound knowledge of logistics, on-the-field experience (if you like call it an “Agbero-like” experience), undiluted expertise on parts ...

WHY PEOPLE GO BANKRUPT DOING TRUCK BUSINESS IN NIGERIA: THE DRIVERS (2)

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In my last article we looked at the roles “Mechanics” play in making truck owners go bankrupt when they engage in truck business in Nigeria. Today we will be looking at the roles DRIVERS play. The golden rule is “ do not put your trust in any driver, they will always disappoint you ”! ...

WHY PEOPLE GO BANKRUPT DOING TRUCK BUSINESS IN NIGERIA (1)

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  Truck business in Nigeria is the most profitable and yet most “bankruptable” investment to engage in. What makes the truck business profitable? This is what I will be writing in my upcoming blog posts but why do people go bankrupt after investing so much into the business, this is what we will be looking at in this article.  I know of a rich man who invested over N40 million in truck heads (also known as tractors) with a 40ft container body attached to them. He is based abroad (like we use to call it). According to him he went into the business because the profit statistics was very good and attractive; the mathematical permutation of earnings after expenses makes the business a goldmine for those who want to diversify their investment(s). To cut the long story short, he invested his fortune into the truck business and in less than 2 years he lost all investment and also incurred a loss in the business. As a matter of fact, I witnessed when he had to sell the last truck...

Open letter to Google for Truck Users

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     Google Map is such a vital software application that gives us the luxury to plan and determine movement of people and goods. It allows ...