Starting a small business

[Bilal0087]

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.

Whether your business is a small scale or large scale, always remember one thing that initiation is most difficult and hardest stage of business development.
you have to work days and nights to make customers, to enhance the productivity and to establish your business.

 

[Adventurer]

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.

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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 affordi

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

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.

Very saddening and discouraging, you'll have to hustle to raise the capital needed and once you do the same government that couldn't support you will be after you with different types of levies, even poor electricity supply is another factor to contend with.

 

[Caali]

Opening your own business is often a learn-as-you-go process. But, the more smart decisions you make early on, the better chance your company has for success. If you have an entrepreneurial idea.

 

[Axad. Mrb]

Want to start a business but don't have a lot of startup money or time to invest in developing specialized skills? Then you'll want to have a look at this list of ideas for easy businesses to start.

 

[Luckboy]

Starting a business here with in Nigeria is not something that can just be done in a day you have to make sure you have make up your mind for any thing that happened and start small scale business here is not easy nobody ready to financial such business and worst thing is that when you open your business in a certain areas buy time go you will be seeing more people interested in it also

 

[Abisola]

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.

 

[Psalmsavatar]

To start a small business : ake one step at a time, and you'll be on your way to successful small business ownership. Step 1: Do Your Research. Step 2: Make a Plan. Step 3: Plan Your Finances. Step 4: Choose a Business Structure. Step 5: Pick and Register Your Business Name. Step 6: Get Licenses and Permits. Step 7: Choose Your Accounting System.

 

[Alexandoy]

Same here banks will not entertain you for a small business start up that is why it is best to have personal funds for a start of a small business. In our village there are small eateries that serve the common man - cheap food but many customers. That kind of business is opened only if you have your own capital. Some of the business owners here sell their car to have capital. In 3 months time they can buy back their car because the profit is good.

 

[Azam786]

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'am from Pakistan Starting a small business is not that difficult but it takes a lot of hard work to run it You can start a very small business in Pakistan Work can be started on a very small budget

 

[Adexgrace]

Both large scale and small scale are not easy to start, the difference is just the availability if capital for large scale compared to small scale.
So for small scale, just start with whatever capital you have in hand, abd with proper maintenance and sure its going to expand to large scale someday.
It takes patience and hard work.

 

[Yasmin]

As a seasoned entrepreneur, I can tell you that there is no perfect formula for starting a small business. I’ve learned that the best business advice usually forces you to think in a new way. So, I’ve compiled a list of tips for starting your own business that you might not have heard.

 

[Alihaider]

Do market research. Market research will tell you if there is a chance to turn your idea into a successful business. ...
Write your business plan. ...
Fund your business. ...
Select your business location. ...
Select Business Structure. ...
Choose your business name. ...
Register your business. ...
Get federal and state tax identification.

 

[Richard92]

Starting up a small business is the same thing as starting up a big business, the only difference is the capital involved, in every business it involved the same procedure which is planning when you want to start up a small scale business you must plan and also know the kind of business you are going into it is very important and good to start small so that you'll be able to endure some challenges and be able to manage risks easily.

 

[Alihassan]

There are so many small business you can start at your own.
You may start maintain quick books, become freelancer, Grocery store, used mobiles buy and sell. It depends on your experience and knowledge about the business field that which business you should start

 

[Olahab]

Once you’ve picked the perfect business name, it’s time to make it legal and protect your brand. If you’re doing business under a name different than your own, you’ll need to register with the federal government, and maybe your state government, too.

 

[Psalmsavatar]

To start a small business : take one step at a time, and you'll be on your way to successful small business ownership. Step 1: Do Your Research. Step 2: Make a Plan. Step 3: Plan Your Finances. Step 4: Choose a Business Structure. Step 5: Pick and Register Your Business Name. Step 6: Get Licenses and Permits. Step 7: Choose Your Accounting System.

 

[Sotherefore]

I don't not personally like a small business but I wouldn't mind to start up a business as a small business if I'm very sure the business I'm starting has the potential of growing bigger in the future because I can't withstand having a small business now

 

[Patrik]

well, to avoid raising the capital's problem, just take a loan (even if it's not recommended) or go into a partnership, at the end of the day, you will be in the need of it so you can release your business as soon as possible

 

[Atiqurrehman]

Do market research. Market research will tell you if there is a chance to turn your idea into a successful business. ...
Write your business plan. ...
Fund your business. ...
Select your business location. ...
Select Business Structure. ...
Choose your business name. ...
Register your business. ...
Get federal and state tax identification.

 

[Psalmseen]

Starting small business is easy abs may not be easy. It may be easy in theory because it only needs a Small amount of capital to get started. In Nigeria, to start a Small business may be so difficult because there is source of capital, no one is ready to provide capital for someone just getting started
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Starting small business is easy abs may not be easy. It may be easy in theory because it only needs a Small amount of capital to get started. In Nigeria, to start a Small business may be so difficult because there is source of capital, no one is ready to provide capital for someone just getting started