Starting a small business

[Psalmseen]

Starting a small business may be so demanding. You know, as you are starting a new brand, you need promote it in such a way that the targeted audience would be more aware of the product and also have the requisite knowledge about the product. Firstly, you need to draw up your long term and short term objectives. And as well, work on the location of the business, favorable location, I mean.

 

[Maliha]

If you are experience and willing knowledge related to starting business whatever you have planned to start a small business in the beginning but for starting you must have proper planning good location and educated employees because your employees will help you to grow your business but you are production must be according to the the area requirement because many people started their business without knowing the requirement of the area so the business gone down after sometime.

 

[Edward2]

Write your business plan, the cornerstone of your business is your business plan. This is a map for how your new company can be organized, managed and expanded. You will use it to persuade people that work for you – or invest in your business – is an intelligent option.

 

[KvngMurphy]

Starting a business in Nigeria isn't easy at all right from business registration to lunching and all other factors needed to be put in place while establishing a business. Along the line most business owners gets fraustrated because of the way banking policies affects savings and transactions negetively.

 

[abubakar3141]

Estimate your expenses. According to the US Small Business Administration, most micro-businesses cost about 3,000, while most domestic franchises cost between 2,000 and $ 5,000. While each type of business has its own financing needs, experts have some tips to help you figure out how much money you will need.

 

[KvngMurphy]

The dream of most Entrepreneurs is to someday have their own business. Been able to have your own business is sweet because you can afford to do things when you want it without your boss looking over your shoulder. But as cool as it sounds, starting a profitable business is a very demanding task that only a few businesses survive.

 

[Kiko]

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 apprentices for other businesses and then gradually build up the skills and experience before they set out on their own. Freelance Writer. If you have writing skills, you can get started with your own writing business fairly easily by offering your services to businesses on a freelance basis.

 

[Muhammadawais]

Estimate the expenses. U.S. according to Many micro-businesses cost about $3,000 to begin with, while most home-based franchises cost $2,000 to $5,000. While each form of organization has its own funding needs, experts have some tips to help you figure out how much money you're going to need.

 

[Aniwhyte]

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.

You're absolutely right about this, I'd you don't have money in Nigeria then it would be nearly impossible for you to be able to start up your own business, the government won't help you no matter the level of idea and business plan you have upstairs, it's just really so pathetic.

 

[ALI25]

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.

Small business starting is a good thing. But It is not a very good business. If we think big and manage a small business then we can grow up a small business in a big business. On the other hand if we think small and manage a big business then it is suits us.

 

[Koredsman]

In this country Nigeria, there are alot of business that are small in which someone can start with little capital but the thing is most people wants to live large in a day and some find some of those small business ridiculous for their status

 

[QalabDogar1906]

Starting a small business in Nigeria can be very challenging. If you don't have a capital getting loan to fund the business is a problem and ebn you eventually get capital to setup the business the government will come with obnoxious policy that can run down the business. It's really disheartening

I think there is any business is not small . business is business it does not matter that business is small or business is large. Sometimes small business give us a huge amount of profit and sometime large business give us less profit so it is does not matter.

 

[Sotherefore]

Having a good understanding of the business you are going into is the first thing you must put in place before you think of going into any business because without proper understanding of the business higher possibilities of business collapse, location is also very important.

 

[Muhammad Ahmad]

Buniess starting is not easy for many people's. Start buniess much money time and experience.planning a buniess.mange a buniess.chose a buniess structure. Chose your business name and much more.

 

[Koredsman]

Starting a small business in Nigeria can be very uneasy because people at times thinks no business is small in this country, then, they start to think of capital that will be incurred, availability of materials, co workers and how to get enough customers so as to make more profit

 

[Apollo]

Opening a business is always a great idea. However, the greatest challenge you could face in starting one is capital.
Accessing such capital sometimes maybe elusive due to lack of collateral or proper documentation as the case maybe. Different funds Have been setup by the government to solve such issues. But, a major Problem is that most people do not have any knowledge of such funds.

 

[Adegbindin deborah]

Never start a business as a "sole proprietorship",which can result to personal assets being at risk for the debts and liabilities of the business. Follow all corporate formalities, make sure to keep funds separate, make sure to keep taxation separate, All transactions made by the corporate should be clearly separate from individual transactions.

 

[Josephjossy]

Starting a small business is good but you have to be up and running for small business to survive, small business can collapse so easy and for it to survive you have to be very careful with the business. You have to take the business very serious
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Starting a small business is good but you must be careful. Small business is good to start at least you will earn small money but you must be up and running, small business is very easy to collapse so you need to take it very serious
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Starting a small business is never easy, but it is so good anyway, at least you will be able to earn small money, but you have to be very careful when starting a small business. Small business are been started with low capital so it can collapse is not manage very well

 

[Oliver 20]

Compose your marketable strategy
Your field-tested strategy is the establishment of your business. It's a guide for how to construction, run, and develop your new business. You'll utilize it to persuade individuals that working with you or putting resources into your organization is a brilliant decision.

 

[Akinwale701]

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.

I quite agree agree with you. People should go into a business they have financial capability and capacity to finance, not that they'll start and won't be able to manage it well.
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A

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.

a small business really takes little or no effort to start, to manage it and grow it is only what requires stress and if you're experienced in business, you won't find it as a problem.