Deciding you want to become an Entrepreneur is a good idea. However, being an Entrepreneur is much more tasking than you may realise. You must carry search deep down within yourself to know if you truly have the DNA of an entrepreneur. Once you’re sure you have what it takes to be an entrepreneur, the next daunting step is deciding what sort of business you want to start and I’m sure if you’ve given this a thought, you might have panicked at how much capital investment you think you’ll need to make.
Contrary to popular belief, not all business need a lot of capital to start up. Don’t believe us? Here’s a quick list of a few business
This is one of the fastest growing business domains for young entrepreneurs not only in Nigeria but all around the world. What you simply need is a good knowledge of tools used in building website, the programming languages (JAVA, MYSQL etc.), graphics design and creativity. You don’t need any money to start because the client pay in advance, out of which you will get enough money to pay for domain name registration and even have some cash left in your pocket
Dry Cleaning Services
Dry cleaning business is another thriving business and an easy way to make a whole lot of money. Ensure you are targeting the right audience who would be busy office workers that needs their fabrics to be in good shape on a regular basis. Make your price cheap and affordable and see how your business will grow in little time
Recharge Card Vouchers Printing and selling
The number of mobile phone users in Nigeria and Africa is on the rise annually. Many people prefer to call with their phones rather than use a phone booth. You can start your own recharge card printing centre for all the network providers and sell to customers within and outside your locality. You don’t even need a shop for this. All you need is an open space with an Umbrella and then you are in Business.
You must carry out a detailed personal evaluation exercise or test to know if you truly have the DNA of an entrepreneur.
In Nigeria today, this is one of the cheapest businesses to start. It is effortless and requires little or no expenses. You will spend almost nothing on where to keep them and what to feed them with. The good thing about snails is that they reproduce at a very fast pace, meaning that your cost against your profit remains the same. You will continue to maximize your profit. Should you want to be a retailer, then get the knowledge first. The health benefits of consuming snail are becoming more popular. This means that, you will have a steady and growing market. If you can equally add value by processing it, your account officer in your bank will soon start using sir/ma for you even though he/she is older than you. It is very lucrative.
Education is the best legacy a nation can give to its people. However, this is not so. In Nigeria, getting a very good education does not come cheap and most parents want the best for their children. They want their children to be globally competitive. You can start tutorial classes for children in core subjects such as mathematics and other science subjects. Your hard and soft skills are equally very viable in this sector. Do you have skills in driving, drawing, creative writing, acting, musical instruments, sports etc. you will make money in no time
You can offer to be an office supplier to a local office in your environment. This is because most office workers don’t have the time to buy office equipment and needs, hence they outsource the purchase. You can make money by supplying office stationeries, equipment etc. but the secret is that you must be honest and don’t be dubious. Be faithful so that you can be referred.
Plantain Chips Making
The rate at which Nigerians are consuming plantain chips makes it a very viable business to go into. I have personally met someone who is into this business, who told me that his annual turnover on ground nut oil alone is twenty million Naira. Just plan it well and be creative about it
Popcorn consumption in Nigeria today is increasing n exponentially. People are looking for what they can easily snack on and continue what they are doing. Most of the children in primary and secondary schools are hardened fans of and lovers of popcorn. You need to plan your resources well and make sure you stay in a good location where your target market is. You will soon be smiling to the bank
Event and party planning
Do you have what it takes to succeed in this business? Then I can assure you that you will soon be employing others. In Lagos state alone, they spend more than 10 Billion Naira annually on partying just on weekends alone. Once you are good at socialising, organized good with budget management, and you certainly have a knack for excellent design, then go for dew training and you are on your way to the bank. Make sure excellent is your watchword at all time and don’t disappoint people. You don’t need any capital to start, just your skills. You can even borrow equipment from the person you learnt from.
The numbers of road users in Nigeria are on the rise every day. Therefore if you have a very good location then you are in money. Ensure that there is a passing traffic and get to your business place early and close late. You can add home service to your business too. Let your service be affordable and of good quality.
All these businesses have potential to make you a millionaire in a few months, however, you need to plan well and have what it takes to make your plan work. Don’t try to do more than one at a time. Be focused. Get a mentor in the line of the business of your choice, gather some knowledge before starting. These are recipes for business success.