Starting a small business

[Alexandoy]

Having an extra source of money is the best... Small scale business is preferred for people who has other lager sources... Starting a small scale business where everyone eats from there lol, never try this

A small scale business that is getting popular here is the home-based business of cooking or preparing food to sell. Even students are doing that now. They make candies and other sweets like pies for dessert and they sell to the neighborhood. That is a small business with a good profit.

 

[Setfragil]

That is the reason it is called small businesses. For any small business, you can start it with the little that you have and keep funding it till you are satisfied with the progress of the business.

 

[Skysaint]

Yeah, generally speaking, starting up a business enterprise is not always as easy as it seems no matter how small especially if it's a lucrative one. It will surely demand you make some expenses, so it's just better to save up than even taking up loans

 

[Ceeny007]

Starting a business in Nigeria is going to drain you mentally emotionally and financially, it seems like the whole world is against you

 

[joy101]

Starting a small business is not that stressful like other business because you can control the small business, what you just needed is location to start the business.

 

[eLdavis]

Starting a small business is not that stressful like other business because you can control the small business, what you just needed is location to start the business.

Well said, the major thing you should think about or make serious Plans on is to get a good location. A location where you can find your targeted audience. If your business is located in the wrong place, it would be hard to make profit from it.

 

[Setho]

There are so many things that might hinder somebody who wants to start a small business but then it is important that you should go in anyway but you should start small.

 

[Heatman]

As far as I'm concerned there is no harm in starting a business in a small way and then grow it gradually with your daily effort into the business that will make you to grow.

 

[tyrim88]

Just like you pointed out,some conditions are not really conducive for small medium size busineses to thrive,no soft loan facility,no special grant and ease of doing business,and the issue of mutiple taxation is another.

 

[mcjerry]

I have seen some small businesses that did not last long. Some of them made wrong choice of location. This is very important in every business.

 

[JoeTom]

I personally started my fish farm small, but think of the result today, it tremendous. Starting small does not mean small profit, to this, you must give in your energy, time & money to achieve it...and remaining focus and consistence is key.

 

[Solutionav]

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.

Starting up small business in Nigeria is not easy because there are so many factors that will allow you not to succeed even the frustration from the government is good enough to make one give up. It takes extra focus to succeed in business

 

[Sotherefore]

As far as I'm concerned there is no harm in starting a business in a small way and then grow it gradually with your daily effort into the business that will make you to grow.

Obviously there is nothing wrong with starting a small business and growing it but it's going to take a long time if you are considering growing a business. you would have used a large capital to start up the business big at once without going through the process of growing.

 

[Nsisong]

Every big time business or company started small then develord to a big standard . How ever the problem is capital to start it up . Whether small business or not capital is one of the major problems in starting up any business. Small business can be developed to a big standard so it doesn't matter how small you started it.

 

[Maayong]

Starting a business is a thing of ups and downs so you have to be patient and put a lot of work and also set a target for yourself which should be met

 

[Jhayms07]

In my country Nigeria, starting up a business now is almost difficult. The government policies and restrictions,taxes have made it a really big deal

 

[eLdavis]

Starting a business is a thing of ups and downs so you have to be patient and put a lot of work and also set a target for yourself which should be met

Very true, most persons assumes once
you start up your business, you would instantly start making money. But in reality it takes time to earn the trust of others, to build your traffic and also grow the business.

 

[Ralphjoe]

We must not necessarily wait for a business to be big before we take part in it, start from the very little you can and you grow bigger with time

Those people that actually wait for themselves to have big money for them to a baby to start up a big business are just wasting their time as there are several small businesses that are making huge amount of profit and most of the big businesses that you still around today started small.

 

[Sotherefore]

That is the reason it is called small businesses. For any small business, you can start it with the little that you have and keep funding it till you are satisfied with the progress of the business.

Smaller business is likely to generate a profit and some small business may not even give you an opportunity to grow since you will be using the little perfect you are making to maintain the business. That is why most people avoid it.

 

[akinlolu99]

Concerning me beginning a private company is something to be thankful for and furthermore smart thought yet its difficult here in my country here in Nigeria since same region you are the point at which they begin seeing it that you making deals you will begin seeing various individuals going into the business in same region