Starting a small business

[Clara]

Well articulated post. Starting a business is not easy especially in country where alone will have to make things work because there is favourable condition to start you just have to create it yourself and you will still be expected to to tax. If you are not strong and determined, they will shutdown your business.

 

[GIFTMICHAEL]

Yes, you are correct. We don't need to wait till when we get a huge capital before we can start a business. Most big business to start from small scale, if you start a small scale business and make good plan for it and strong focus along with well strategies, very sure it will become big.

Yes you are correct we need to start from small, we can not wait until when everything is complete before we can start. But you can not compare the benefits or profit in starting big with a small business.

 

[Clara]

thank God for you that you are able to pull through in the business you chose. a lot of people don't get to reach the stage before they backed out and didn't do the business anymore.Your free Business Profile lets you easily connect with customers across Google Search and Maps.

 

[Adesuwa]

Starting a business you have to be finicially stable and not that you have to have sense in managing small business because challenges and even frustrations will come your way especially in Nigeria. For example people might want to purchase your goods on credit and you as a upcoming producer would not want to decline because you will not to offend your customers for your profit making not to diminish . So starting a business one have to be ready to face any obstacles that might come your way

 

[Frank]

Starting a small business in Nigeria has never been easy considering what you’d have to go through to raise business capital towards setting up and running a profitable business. Basically, it’s all about money money money! No Bank in Nigeria is willing to help small scale businesses, and Government seems to have no plan whatsoever for the citizens who needs business start up capital.

If you are contemplating any business, you are on your own if you don’t have enough money to finance it. The worst part of it all is that most potential profitable small businesses in Nigeria needs much amount of money to get it started — most times, far much beyond what average Nigerian small business aspirants can afford.

This is true as you will be faced with a lot of challenges when you are starting a small business in Nigeria. Many will make you feel that you are not doing enough while government taxes will make your life so miserable that you may want to quit.

 

[Kane]

I don't know what it takes to start a small business in Nigeria, or any other country for that matter, however, in my home country, government is doing a lot of things to help small and medium business owners. The government is even subsidising loan for small and medium businesses.

 

[Muhammad hussain]

I think you are right that a person should start a small business first because it starts with a small investment and gives a good profit. Gradually small businesses grow۔A lot of people are starting a small business and now they are making huge profits and their business has become very big so one should start a small business first.

 

[JamoPosh]

The requirements for starting a big business is what implies to small business. The difference is that big business require times two of what the small business could cover. And also it can be easy and safe time and money for stating up.

 

[Mariyam]

Starting a small business in Nigeria has never been easy considering what you’d have to go through to raise business capital towards setting up and running a profitable business. Basically, it’s all about money money money! No Bank in Nigeria is willing to help small scale businesses, and Government seems to have no plan whatsoever for the citizens who needs business start up capital.

If you are contemplating any business, you are on your own if you don’t have enough money to finance it. The worst part of it all is that most potential profitable small businesses in Nigeria needs much amount of money to get it started — most times, far much beyond what average Nigerian small business aspirants can afford.

Yes so many people I saw in life they started their Business from small scale and their business grew really fast..any one can start business with little investment ..a man started burger shop few years back and now he has restaurant... Its completely up to your hardwork and concentration

 

[Goodday]

Even though in most cases it's not always easy to raise capital to start small scale businesses, but it's always very helpful if one is able to grow his or her small business. If starting a small scale business, the most important thing is always to raise capital mostly from your savings or a family member, and now do market research to know the profitable one to go into.

 

[Fatima]

1. Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business. ...
2. Write your business plan. ...
3. Fund your business. ...
4. Pick your business location. ...
5. Choose a business structure. ...
6. Choose your business name. ...
7. Register your business. ...
8. Get federal and state tax IDs.

In starting a business, either big or small all these mentioned above are needful, so business small or big as an entrepreneur you must be ready for all it takes, be determined not to give up on the way and then persistently pursue the business goal

 

[Psalmsavatar]

To start a small business, identify your small business idea. Start as a side business or hobby. Decide on your software. Create a business plan. Decide whether you'll be an LLC or sole proprietorship. Create a business bank account. Determine if your business idea works well from home. Set up an office.

 

[Oluwagbenga]

starting a small business isn't easy attacks but most of the Asian business enterprises find starting their business is not an obstacle to pop into making a small business believe that the starting gig and isn't and tax

 

[Muhammad hussain]

You are absolutely right that business should be small first then it grows automatically business grows big because to start a small business you need a little money.If you start a big business, you will need a lot of money to start a business.

 

[Yaqoob Habib]

Starting a small business is better than not doing anything at all,it should be what your passionate about, it increases the chances of success.I believe ones you have gotten the business you are passionate about,location should be one of your priorities.

Start your small business as a translator, start a translation service.consider specializing in a specific gener of translation,like medical or financial translation,as you might be able to fill a niche need in your community.

 

[redpogi16]

Starting a business is a multi-step process that can feel overwhelming when you're on your own, but we'll make it easy to stay organized and on track while you start your business and achieve success. Whether you're refining your business idea, filing for permits and licenses, drafting your business plan, or looking for funding, we have the tools you need to do it right and get it done. If you're ready to start your business but need a helping hand, why not take a loan and boost your business to the next level.

 

[lelakil3]

That it is the situation we found out self in this country,you will see that most nigerians were slave in there country all because they have no money to start up their own business..

For example most companies workers work as slave and nothing to compensate on ...So my advice we go this way,if God gives you the opportunity to leave this country please don't hesitate!!!

It is real if there's a chance to improve as skills is gonna be easy to master if the work would be the same as higher skills it must have also high offer to the salary for them so they can really help their family needs financial and so them self too.

 

[MarieArie]

In order to make your business idea a fact, you need a plan. A business plan is a blueprint that will guide your company through establishment and eventually business growth from the start-up phase, and it is a must-have for all new companies.

 

[nasiusman95]

Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business. ...
Write your business plan. ...
Fund your business. ...
Pick your business location. ...
Choose a business structure. ...
Choose your business name. ...
Register your business. ...
Get federal and state tax IDs

 

[Adegbindin deborah]

It may seem like all of the good business ideas or the best small business ideas have been taken, but they are not .most successful Small business ideas come from individuals who work for someone else but they believe they can do better . some might start out as employees or apprentice for other businesses and then gradually build up the skills and experience before they set out on their own.