15 Views

How To Start A Made-In-Nigeria business

To start a business in Nigeria, just like in any part of the world is not easy as it sound because starting a business successfully takes more than just an idea. Sometimes, people wish to start a small business but they have no idea on how to go about it and some other individuals have the money but they just do not know what business to start or where to invest their money.  These tips/guide to starting a made in Nigeria business are:

1: Get prepared..yes, adequately prepared because starting a business is no joke especially in Nigeria even though the profit is really rewarding. Every business has challenges at every point of its life time. Working towards these challenges requires preparedness. Get grounded, seek for advice from people whom are into the kind of business you are interested (except you are inventing something new), attend seminars and do everything possible to arrive at that feeling of preparedness of becoming an entrepreneur. Do not jump into any business because you heard it is profitable or everyone you know is into it and it will bring in good profit. Do your research right, find out the secret of that business because every business has its secret and once you get it right, your business will succeed and be very sure.

2: First things first, have a perfect business idea or opportunity. You can find a proven business line and learn the fundamentals. You can even decide to buy a franchise if the capital is on ground. Nigeria has the needed population to absorb any product that is backed by a strong business sense.

3: Identify your potential customers, have a good understanding of your market, ask questions and note them down. Give thoughtful answers to questions like how can your customers gain maximum satisfaction? Who leads in the line of business you are going into? Can you survive in this business line? With good answers to these questions, you are sure to be distinct in your line of business even if you have several competitors.

4: Please write a business plan for any business venture you want to undertake. Even if it is an informal or a one page business plan, just write it. Your one page business plan may not get you the bank’s attention but it is a way forward because it will help you concentrate on fulfilling your business mission. Do you not think so too?

5: Location, location, location. Where would you want your business and brand located? Choose your terrain wisely and be ready for the challenges that would come from your competitors.

6: Obtain all permits and licenses to start your business. This should be added in your budget. Well, if you don’t want to have the government and its law enforcement agents pursuing you all over Nigeria and locking up where you have spent lots of money on, make sure you obtain the necessary licenses and permit needed to operate your line of business. Every industry has regulatory bodies governing it, be sure to check their operational policy to make sure you are not going against the law. Also, remember that you may need licenses and permits from both the local, state and federal government. Then, with a lawyer, register your company or business Corporate Affairs Commission’s office anywhere nearest to you.. You should already have a business name.

7: Start the business: With your capital at hand and everything in place, including the confidence and morale to face whatever challenges that may arise, start your business and the sky will only be a starting point for you and your business. Stay relentless.

 

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

See The Unusual Thing Governor Fayose Was Spotted Doing On The Streets Of Ekiti (Photos)
Funny
4 views
Funny
4 views

See The Unusual Thing Governor Fayose Was Spotted Doing On The Streets Of Ekiti (Photos)

MT - September 26, 2017

The people’s governor from the street, as his supporters used to call him, influential politician and PDP chieftain, Governor Fayose was recently seen the street with guys…

BBNaji Bisola All Smile As She Poses With Two White Police Men In New York City
Entertainment
12 views
Entertainment
12 views

BBNaji Bisola All Smile As She Poses With Two White Police Men In New York City

MT - September 26, 2017

Big brother Naija ex housemate and first runner up, Bisola Aiyeola is sure having fun in New York city. Recall Bisola traveled to New York city where…

Check Out What OAP Daddy Freeze Said About His Ex: “I Will Rather Sniff Cocaine Than Take My Ex-Wife Back”
Entertainment
10 views
Entertainment
10 views

Check Out What OAP Daddy Freeze Said About His Ex: “I Will Rather Sniff Cocaine Than Take My Ex-Wife Back”

MT - September 26, 2017

Cool FM OAP, Ifedayo Olarinde, popularly known as Daddy Freeze who had a messy split with his ex-wife Opeyemi, has dropped a shade for her on his…

World Cup Qualifier; Mikel, Moses, Iwobi Make Super Eagles List For Zambia Clash. [See Full List]
Sports
15 views
Sports
15 views

World Cup Qualifier; Mikel, Moses, Iwobi Make Super Eagles List For Zambia Clash. [See Full List]

MT - September 26, 2017

Super Eagles’ technical adviser Gernot Rohr has called up captain John Mikel Obi, Odion Ighalo, Alex Iwobi and 20 other players for the October 7 must win…

Aliko Dangote To Invest $4.6Bn In 4 Agricultural Sectors
Agriculture and Farming
21 views
Agriculture and Farming
21 views

Aliko Dangote To Invest $4.6Bn In 4 Agricultural Sectors

PH - September 26, 2017

Alhaji Aliko Dangote, the Chief Executive Officer, Dangote Group, has said that the company would invest 4.6 billion dollars in nation’s agricultural sector in the next five…

Excitement As Ooni of Ife Enters Seclusion For 7 Days To Prepare For Olojo Festival
Art, History and Culture
21 views
Art, History and Culture
21 views

Excitement As Ooni of Ife Enters Seclusion For 7 Days To Prepare For Olojo Festival

MT - September 26, 2017

The highly revered Ooni of Ife has gone into seclusion for as many as seven days as he prepares for the Olojo festival. According to a report…

VIDEO: Actress Omotola Leaves Her Daughter Behind While Running From A Crocodile In Ibadan.
Entertainment
33 views
Entertainment
33 views

VIDEO: Actress Omotola Leaves Her Daughter Behind While Running From A Crocodile In Ibadan.

MT - September 26, 2017

A hilarious video has emerged online, showing Nigerian actress, Omotola Jalade and her daughter fleeing from a crocodile in Ibadan. Omotola Jalade and her daughter Omotola Jalade,…

How Police Arrested Boko Haram Commander in Ondo
Politics
30 views
Politics
30 views

How Police Arrested Boko Haram Commander in Ondo

PH - September 26, 2017

Nigerian Police Arrest Wanted Boko Haram Terrorist Commander in Ondo State, hands over suspect to Army. The Nigeria Police, Ondo State Command on Sunday 24th September 2017…

See Why Singer Jawon Thinks Eedris Abdulkareem Has No Right To Criticize Artistes With Babymamas
Entertainment
20 views
Entertainment
20 views

See Why Singer Jawon Thinks Eedris Abdulkareem Has No Right To Criticize Artistes With Babymamas

MT - September 26, 2017

Nigerian singer Jaywon has reacted to an Eedris Abdulkareem interview where the veteran called out artistes like Wizkid and Davido for having children outside wedlock. Speaking to…

See Photo Of INEC Officials Dumping Recall Documents In Front Of Dino Melaye’s Office At National Assembly
Politics
22 views
Politics
22 views

See Photo Of INEC Officials Dumping Recall Documents In Front Of Dino Melaye’s Office At National Assembly

MT - September 26, 2017

INEC officials who arrived the National Assembly Complex to notify Senator Dino Melaye on the petition the commission received from his constituents to recall him. Dino Melaye…

This Is What Dino Melaye Is Saying About Claims That The Petition Against Him Was Signed By 188,000 People.
Politics
25 views
Politics
25 views

This Is What Dino Melaye Is Saying About Claims That The Petition Against Him Was Signed By 188,000 People.

MT - September 26, 2017

The representative of Kogi West Senatorial District, Dino Melaye, on Monday raised the alarm that the petition presented by the Independent National Electoral Commission against him in…

Why I Support Buhari’s Move To Regulate Hate Speech – Okupe
Politics
24 views
Politics
24 views

Why I Support Buhari’s Move To Regulate Hate Speech – Okupe

PH - September 26, 2017

Doyin Okupe, a former aide to ex-President, Goodluck Jonathan has said he supports President Muhammadu Buhari’s move to promulgate a law against hate speech. He said there…

Why I Attacked Those Against Restructuring – Atiku
Politics
31 views
Politics
31 views

Why I Attacked Those Against Restructuring – Atiku

PH - September 26, 2017

Former Vice President and chieftain of the All Progressives Congress, Atiku Abubakar, has explained why he said the North is not prepared for restructuring. In a statement…

Check Out What Bed Bug Forced Obafemi Awolowo University Students To Do (+Photos)
Shocking
34 views
Shocking
34 views

Check Out What Bed Bug Forced Obafemi Awolowo University Students To Do (+Photos)

MT - September 26, 2017

Undergraduate students of the Obafemi Awolowo University, Ile Ife have cried out for help following an attack by bedbug. The students were forced to spread their mattresses…

Amidst Rift, See How Psquare Congratulated Jude, Wife On Arrival Of New Baby.
Entertainment
34 views
Entertainment
34 views

Amidst Rift, See How Psquare Congratulated Jude, Wife On Arrival Of New Baby.

MT - September 26, 2017

Amidst their differences within the Okoye’s family, the singing sensation duo of Psquare has taken top the Instagram to congratulate their elder brother, Jude Okoye on the birth…

Paul Okoye Of P-Square Reacts To Viral Video And Claims It Was Released By His Twin Brother, Peter [See Tweet]
Entertainment
42 views
Entertainment
42 views

Paul Okoye Of P-Square Reacts To Viral Video And Claims It Was Released By His Twin Brother, Peter [See Tweet]

MT - September 26, 2017

  This morning, a video showing PSquare Peter and Paul Okoye and their elder brother Jude in a heated exchange of words that almost led to fisticuffs…

See What These Elderly Market Women Did When They Saw Governor Wike – [PHOTOS]   
Politics
31 views
Politics
31 views

See What These Elderly Market Women Did When They Saw Governor Wike – [PHOTOS]  

MT - September 26, 2017

  Below are photos of aged market women dancing on seeing Governor Wike of Rivers state.They seems to love him and his administration. A similar governor to…

The End Of P-Square – Check Out 7 Of The Best P-Square Songs Ever Made (With Video)
Entertainment
29 views
Entertainment
29 views

The End Of P-Square – Check Out 7 Of The Best P-Square Songs Ever Made (With Video)

MT - September 26, 2017

In 2001, Peter and Paul Okoye won the Grab da Mic competition and became the group that is known as P-Square today. Since then, the duo has…

Loading...