small scale business in nigeria List Of 10 Fastest Growing Biz ideas in Nigeria-Businesses in Nigeria. Read more ... » – Most Nigerians that are wealthy started with a small business which they gradually nurtured to big corporations.
But succeeding in a small scale business in NigeriaParents Put Teenage Daughter in a cage for two and half years. Read more ... » is not an easy job
Are you a Nigerian entrepreneur or shareholder? Do you have cash but lack concepts? Here’s 100+ profitable little scale business in Nigeria to start in 2013.
thus you need to possess certain features embedded with patience to do well as an entrepreneur. According to Calvin Coolidge, “Nothing in this world can take the location of persistence.
Now that you understand you need persistence and conclusion, let’s talk about other qualities to do well as an entrepreneur:
Start a small scale enterprise in Nigeria on what you are fervent about: Before considering the little scale enterprise in Nigeria to do, ask yourself what is it that you love doing and passionate about? What is it that you will hold doing, even if you don’t obtain a pay
. Define your team
You have to decide how you want the business to be run. Are you going to run the business alone or you will get someone to assist you, this bring a lot of synergy to the table, because two heads are better than one, as people bounce ideas off each other.
4. Determine the legal structure of the business
Decide what type of business you would like it to be. A sole proprietorship, a partnership, etc. This is important for tax purposes and for attracting investors.
5. Get a business name and register it
By now you should have name you want to use for the business, get a lawyer to assist you to register your business name, before someone else use the name. Your business name should be unique to you.
6. Finance your business
How are you going to finance the business? Will you take a loan from the bank co-operative or you will use your personal savings? And remember to have reserve cash for the funding of things until the business is really up and running.
7. Consider the competition
Consider the competition around. The people that are into the same business around, how much are they selling? What can you do to make your product better than theirs and with a better price?
8. Create a business plan
For your business to succeed you need to have a business plan, because it helps you in the running of the business. And it is what investors, bankers and other interested parties will use when deciding whether to invest in your busines
small scale business in nigeria
If you are passionate with your business, you will not mind putting in several hours daily until you succeed. As a new entrepreneur, you need to put in more effort to succeed.
It’s the passion you have for the business that will give you the energy and patience to keep working even when the money has not started coming.
That is, associate with people that can complement your business and avoid people that have nothing positive to contribute to your business.Below are small scale business in nigeria
Agricultural and Agro allied sector
- Poultry farming business
- Catfish FarmingFeasibility Study on fish Farming business in nigeria - fish farming. Read more ... »
- Livestock farming
- Livestock feed production
- Dog breeding business
- Equipment leasing services
- Soya beans processing
- Maize Cultivation and procession
- Rice Processing (Milling)
- Cashew production and processing
- Cassava processing
- Ethanol production (from cassava)
Employment Services Sector
- You can start a resume writing business
- Career advice and counseling
- Job placement and recruitment agency
100+ Profitable Small Business Ideas in Nigeria You can Start in 2013 and list of small scale business in nigeria
- Start a tutorial centre for exams like JAMB, WAEC, GCE, ICAN, CIS,etc
- Crèche School
- Day care centre
- Start a self defense training school
100+ Profitable Small Business Ideas in Nigeria You can Start Today
ICT/ Technology sector
- Computer repair services
- Mobile phone repairs
- Mobile apps development
- Games development
- Software development
Web Based Business Services
- 20 Profitable Web Based Business Ideas
- Web design and development
- Search engine optimization services
- Search engine marketing services
Business to Business services
- 15 Profitable Business Services (B2B Business ideas) you can start with no money and a comprehensive list of small scale business in nigeria