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...

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...

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 ...

  Turn it up--Nothing good comes on a platter of gold .  It is entrepreneurs who understand the above fact that do the necessary things in order to achieve greatness.  How do entrepreneurs make progress in their business? —By continuously doing the required tasks and providing result for them; by that, they progress.   The rate of success we have overtime is as a result of how much progress we make by the process of “Turn-up”. Now the question here is, ‘What does it mean to turn something up”  Spin your wheel continuously! Like someone on the bicycle, rotating your pedal keeps your bicycle moving while you are riding it.   But stopping to whine the pedal while you are still on top of the Bike can soon make it to stop moving and thereby fall, causing some damages or even death. It is persistent consistency that keeps your business progress.   African proverb says, “You won’t take because of dangers in the battle field and av...