How I Lost Millions in a Restaurant Venture — Brainjotter
Skitmaker Chukwuebuka Amu brainjotter shares a personal story of how he lost millions in a restaurant investment, highlighting the importance of careful planning, skill, and research before investing in a business. A must-read for anyone looking to invest their hard-earned money.
Popular skitmaker Chukwuebuka Amu brainjotter shared a cautionary tale of how he lost millions in a restaurant venture. His story serves as a stark reminder of the importance of careful planning, skill, and research before investing in a business.
According to Brainjotter, he invested 10 million naira in a restaurant after seeing others succeed in the business. However, he had no experience or skills in managing a restaurant, and his focus was solely on making more money. He soon found himself struggling to keep the business afloat, with some days seeing zero sales. The losses were piling up, and he eventually had to shut down the restaurant.
Chukwuebuka's story is a classic example of how a lack of planning and research can lead to financial ruin. He admits that his focus on making money clouded his judgment, and he chased a dream without putting in the hard work required to succeed.
His story is a warning to others who are looking to invest their hard-earned money. As he so aptly put it, “The fact that it worked for someone is not a guarantee that it will work for you.” It's essential to take the time to research, plan, and develop the necessary skills before investing in a business.
He said: “As you start making money, be careful with what you invest your money in. You might become broke before you know it. I made little money and invested 10m in a restaurant. Why did I do that? I saw how people were succeeding in the business and decided to try it. Had no skills to manage it or anything. I just wanted to make more money like them and that's how I failed. Some days we even made zero sales. I made crazy losses and stopped. The moment your focus is money, you will chase it and get tired.
“This is true oh, as wuna dey make money. be careful with what you invest on. The fact that it worked for someone is not a guarantee that it will work for you.”
Chukwuebuka's story serves as a reminder that making money requires more than just a good idea. It requires dedication, hard work, and a willingness to learn and adapt.
Let his cautionary tale be a lesson to us all, and may we always be mindful of the importance of careful planning and research in our financial endeavors.
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