The Economic Diary Game: Fixing New Small Scale Business , Using My Little Steem 50%
Business greetings to you all great entrepreneurs,it is a great thing for some one to invest and I am proud to be investor in a small business.,so I will share with you how I planned the business using my small 50% pay out from Steem
INTRODUCTION
My fellow steemians in the community, please permit me do a little introduction about small scale business in my own perspective,small scale business is that business or company which have limited employees, with moderate money investment, this have operations within a local area or any market environment which characterized by peesonal ownership and a focus on a smaller scale of goods or services which if compared to larger businesses is not the same
So let me share my investment that I use Steem capital of my 50% club payout to Open a grinding mill for Corn,Bean, And Other grains. I was call by a friend that wanted to sell his grinding mill with the grinding machines,so I have the Interest of buying the machines and also buy the Shop. This is one of the small scale business that generate income in daily bases,so when I meet with the person,he said that the Total amount he wants to sale the shop and the grinding machines is #700,000 thousand Naira in my local currency, which was 3,517.58794 Steem equivalent, this is the little Steem I saved for some years now.
Buying The Shop With The Machines
In the afternoon I was inspecting the shop and the machines,as I checked them and the shop,it was good for me to buy the place, because the location of the shop is on the major street where businesses are going well and customers are patronizing the place.
So I was checking the first machine that was still used by the man and it was sound and till working well,rhe engine operator started it and the sound was good.
The next thing was,he also showed me the Old machines that spoiled and can be repaired,I bought that one and added to the one that is sound, this is of advantage to me because I will repair it and add to the one that is working well
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After accessing everything, the next thing was to make payments of #650,000 thousand Naira in my local currency which was 3,266.33166 $Steem, it was a great Joy that I have invested a little payout of my 50% club5050 that i earned from steemit, It was really a happy moment to me that Steem is not a scarm.
The little income for the past 2; years have been invested and more gains will be coming every day,the small scale business is a business that generate more money in daily bases.
In the evening,I went to buy some goodies for up keep, those things was for me to use the remaining #50,000 Naira and buy them at least to take me for for one month. The following iterms were bought by me,
• Toiletries
• Beverages
• Body Cream
• Hair cream
• Body Spray
• Loaf of Bread
• 12 Cups of Rice
• 10 Cups of Beans
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The sum total of all these items was #35,000 naria in my local currency which was 175.879397$steem .
I was doing a nice calculation to make sure that something remains for me to start live the next day,
The Reason Why I Bought The Items
CALCULATING MY EXPENSES In Steem/Naria
• Buying Goodies for Upkeep:
|| 175.879397 $steem/ 35,000 Naira||
Balance At Hand
• ||75.3768844 $steem/ 15,000 naira
That was my total amount of expenses and what left for me,it was a very good economic activities of the day,I thank God that for doing such a business, hope to be starting full operation in the next 2 days.