Small Business 247

How to start a small business in Nigeria: Step by step Starting a small business in Nigeria can be challenging, but with a clear guide, you can navigate the process successfully. Here's a step-by-step guide to help you get started:  Step 1: Research and Choose a Business Idea 1. Identify your passion: Think about what you're passionate about and what problems you want to solve. 2. Conduct market research:  Understand your target audience, their needs, and the competition. 3. Choose a profitable idea:  Select an idea that has a demand in the market and can generate revenue.  Step 2: Develop a Business Plan 1. *Define your business model*:  Outline your business structure, mission, and vision. 2. Set clear goals and objectives:  Establish specific, measurable, achievable, relevant, and time-bound (SMART) goals. 3. Create a marketing strategy:  Outline how you'll reach your target audience and promote your products or services. 4. Develop a financial plan...

The best approach towards food vending business in Nigeria. It is projected that there will be high demand of food in 2025. And here is the way to start. We have researched and discovered the best way you can do this and be able to record success in the nearby future. Here's a comprehensive approach to starting and running a successful food vending business:  Research and Planning 1. Identify your niche:  Decide on the type of food to vend (e.g., snacks, meals, specialty foods). Me, I sell raw rice, raw beans, and some other raw food item. What exactly do you want to be selling? Write it down on a paper now, before you continue reading this blog. 2. Conduct market research:  Understand your target audience, their preferences, and the competition. What do you know about that product you just decided to start selling?  If you know not much, no problem yet. Don't worry because you can still do research, and learn about the purchasing price, the expected expenses and the...

Learn from your past mistakes an d improve your performance. A toddler cannot jump up and start running overnight, when he/she has to fall several times before standing firm; and then start walking. Mistakes are what we encounter in our everyday attempt to do a new thing. Somebody who never made a mistake has never tried anything, and there is no way one can improve if not by learning from mistakes, both from himself and other people. Mistakes can make someone to fail a mission, but when you fail, there is no other option than to rise. So mistakes and failures are seen as the best teachers in life; from them we get a lot of experiences and wisdom.  When we fail we observe the mistake that caused the failure, learn the point we should amend and move on. You shouldn’t ever want to repeat a particular mistake, but if you fail two times in a row, and the failures are not caused by repeating one particular mistake, there is no problem.  Just keep on trying a...

This is what founding a business is all-about. Laying a strong foundation of your business on the immediate business is all about making thorough research, decision and conclusion, based on you ideal product, vision, business true-value, economic chain and your rewards after-all.—clarity on your ideal products, suppliers, ideal market, customers, partners and financial support sources. No matter what your aims for starting your own business are, development of the foundation is likely to be the same. Laying of strong foundation is both mental and paper work, containing your business structural plan, and proper execution plan. This is all about checking through all the channels on which your business will be flowing to and fro every day. It gives you the ‘road-map’ to follow as you build your business.  Reason why you must make a paper work business foundation plan is because action takes longer than thoughts or words. On the process of executing a plan you d...

Give gifts to your customers, to maximize sales. Everybody love to receive gifts, you are not exceptional and so are your customers not exceptional also.  And unconsciously or consciously perhaps, we all love to go where we receive something free. And when you give us free gift that we will frequently be using at homes or offices, it reminds us of your helpfulness.  And we will like ly want to come again to receive. If the gift that you are giving you customers has your business logo, name, and contact information, you are probably setting traps to attract whoever that came across such gift, as you spread the awareness of your business firm. Sometimes, we customers don’t come to buy, we just come to receive gift and therefore, decide to buy more.  This is a beneficial reason you should get more gift for your customers. Gift sharing is a very effective means of advertising that also reminds the receivers that their businesses are important to you. This is a positive feelin...

10 things to do to prevent failure when your business is beginning to fall back:   How to get your falling business back; up and running   Is your business having a problem?    Depending on where you get your self, you can start building up again and this time it is actually going to be a lot easier process than before. because you already have experience from the first try. It is normal to have an initial failure in business, because with this you are going to learn your lessons with which you will overcome future hindrances.    1. Make sure that you have some money remaining in your hand:-- Revisiting your back-up treasure.   At times the major cause of business failure might be out of lack of proper funding. it may occur due to insufficient capital or manager's ignorance. So, it is left for the manager to check whether the business is lacking funding in any way, and seek a solution for that, which is to look for an interne=al or external source to g...

10 Special qualities of the real guys in business After going through these attributes of the real guys, you will have to pledge yourself to swap into that lifestyle of smartness that will do you so much good.  To abide by the characteristics which the real guys have within them, that brings them so many amounts of benefits.  Trust me, that if you decide to switch into these, you can fit in.  There is no other option than to 'fit in'. If you want to become that guy who sells himself, his products, and his fame at the highest price, than any other person in the market, then you have to do like him.  Here they are: 1. Real guys create opportunities for themselves:   The first and one of the smartest attributes of real guys is Real guys are not always comfortable with queuing-up on lines of opportunities already created by others.  There are some people who want it by all means, and these are the people who fall into the traps of ready-to-earn millionaires in ...

Prayer helps you to close tie with your business and ignite your passion for it. Pray for your business The distance between your problem and its solution is the distance between your knees from the floor; the man who kneel down to pray to God about anything is the man who can stand up to face anything. When I was a kid, under my parental closest care, my mother always tell me something anytime that things got too tough especially concerning school issues. She says that “The road that seems unknown to human beings is clearly seen by God”.  This makes me to understand that God knows what we are, human beings don’t know; according to Isaiah 55:9 which say that “as far the heavens are higher than the earth, so are the ways of God higher than our way, and his thoughts than our thoughts”.   So, when you think that you have reached dead-ends, God knows the next way out! So pray. My mum says I should pray whenever she spoke about that road. So with deep e...

Comedy Skit making can be tedious especially if you are one of us! If you are one of the introverts, getting started with art can be a challenging thing,  in the sense that you will eventually not have enough backing, network or team to make the process easier for you.  However, I am going to provide you with a handy tips, step by step on how you can plan, prepare and kick-off your journey into the comic field of the entertainment industry on a low budget. Below are the 12+ steps, to take and achieve that dream Step   .1 Getting the equipment:- Equipments required for movie creation, or simply skit-making might include, though not limited to: a). Ring light, b). Camcorder, c). Camera, d). Camera stand e). Microphone (Sound recorder) f). Editing tools ( eligible laptop computer). g). Back up system  Step 2.  Work on your voice, pronunciation and speech. The major tools any actor needs to perform on the stage is primarily a good voice, intonation...

Working on your self-esteem: How healthy self-esteem helps you to become a better seller. “A depressed seller can not convince anyone” The way you think, feel and talk about yourself, your value and abilities is known as self-esteem. It is the truth about yourself which only you can tell yourself.  Have you never seen someone that is highly respected, greatly attractive, very famous and popular, poised and perfect, but yet, deep down in him, still value himself as not worth being respected? This means that low self esteem comes from your very decision as a person, and background of development.  If your environment did not give you good self esteem, then it is your responsibility. This is because; low self esteem can be very destructive to your personal life, career, destiny and fulfillment.  It is your duty and your right to choose how you should see yourself and abilities; because your fame, wealth, or stage presentation doesn’t cover your self-belief, inste...