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...

How to Form a company  from scratch in nigeria (step by step)  Look no further, you will find the answer here.  Forming a company from scratch! It's a great move. But is it a very easy thing?  Forming a company from the very scratch isn't only about having the money, you also need to know very well about what your business is and also all the processes involved, both during and after the company formation.   Registering the business name, Getting a suitable physical office for head office, hiring your first employee, and appointing the very first board of directors (B.O.D) as well as selling your first stocks... These are tedious but: Here's a step-by-step guide to easily get that done soon.  You might break the steps down as goals and follow them sequencially and achieve them over time.  Step 1. Pre-Incorporation (Action 1-4 1. Idea Generation :  Define your business idea, mission, and vision. Think, write down and visualize the idea, possib...

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...