As a business man/woman
that you are about to be in Nigeria, you need to have in mind important things
before starting a business. The top business people you see today didn’t just
start like that. If you think you can just start any business like that without
having important business strategies in mind, your enemy
will just end up like that. Above all what I have mentioned below,
it’s important you consult God too. You need to be on the right path which I
have layed down for you below :
1.) LET YOUR BUSINESS
SOLVE A PROBLEM:
Make sure you have a
good business idea that will solve a problem (very important). People do pay
for solutions of whatever problem they are facing. Incase you don’t understand
what I mean by solving a problem, examples are: Providing solutions for hunger
in a society, you could open up a Restaurant in a busy and crowded place where
people are always working. Assuming there is no one selling food
there and you startup a Restaurant there, sincerely speaking, you will make big
funds out of it. Another example includes: Solving health problems like setting
up a Drugstore where people can get drugs from. You must be a qualified
Pharmacist to do this. Make research about the problems in your society and
startup a business that will solve it.
2.) FIND THE RIGHT
LOCATION FOR YOUR BUSINESS : Doing business in a wrong location will not yield profits.
It’s important you know this before starting up your business.You must target
the right people. Example, if you want to sell textbooks, the right place to
startup that business without regret is in a place very close to a school or at
the school gate. You can’t go and start selling secondary school text books in
front of your church as it looks odd so put this in mind.
3.) SET GOALS AND
PICTURE THE FUTURE OF YOUR BUSSINESS : This refers to planning of your business in mind. How
do you want your business to be in the next one year or more? How expanded do
you want it to be? Setting goals for yourself is very important as it helps you
to quickly achieve success. Let’s assume you are into Rice business only, you
sell in bags. Set goals for your business, in the next six months you want to
also include Beans, Garri. In the next one year, you want to start importing
and exporting. These are examples though.
4.) NO FRIENDSHIP/FAMILIARITY
IN BUSINESS : If you don’t want
to je gbese ( have no money left) as the
Yorubas will say, don’t sell things for free. Although, if it’s from
your heart, you can do things for free, nobody is telling you not to help. But
have it in mind that it’s not the right of your friends or family
members to buy things from you without paying. So feel free to
charge your friends the way you charge your clients. All customers should be
equal before you.
5.) LET IT BE PAY BEFORE
SERVICE : Nigerian clients
are fond of this. I know that as I’m telling you this, you will still do
Service before payment. Have it in mind before starting your business
especially the small scale type that it’s a bad business strategy and if at all
you must do this, ensure that the business has reached a positive level.
Do you think there are
other major things to know before starting a business which I didn't include?
Please drop your contributions/ideas in the comment box below,whatever you
think should be added to this article. I will update this post. Thanks for
reading. Good Luck to you all, wishing you a happy New year with Sufficient
Funds!
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