Tag Archives: Entrepreneur

How To Start Cosmetics Business In Nigeria With N50,000 ($150)

 

Cosmetics business is one of the most lucrative businesses to start in a country like Nigeria.

It is in high demand as there is no home in Nigeria that does not make use of cosmetic products. Though there are so many cosmetic retailers in Nigeria but that shouldn’t stop your dream of starting your own cosmetic business.

Remember “It’s not what you do but how you do it” and it’s not the number of people that do your kind of business that matters, but how well you do your own.

The great advantage everyone doing business in Nigeria has is the population density. Regardless of whatever business you do in Nigeria, you will always have your own customers and make much profit if you run your business the right way.

Setting up a cosmetic business in Nigeria is an exciting idea, especially when you’re doing it from home you must have to take a decision on how you want to go about this. This business has a lot of competition because of the high demand but still very fast moving and profitable.

Cosmetic business does not require much capital to start with, In this case, when you want to start small. Starting with cheap cosmetic product allows you to start small and grow gradually if you can’t start big.

I have never done this business before, but I have lots of friends who do and I have studied and researched a lot about this business and you know what, you can increase your business capacity gradually and be making your super cool profits.

Image Credit= YourProject

Starting small means, you can start this business with as low as N50.000 ($150) and the turnover of this amount in a month can give you twice your investment.

This means you will only sell to final users. It’s a good idea right? Likewise if you invest like N500.000 ($1580) or more it can give you % 70 profits monthly. With this amount you’ll be selling to final users directly but if you have up to N2.000.000($6340) you can be a wholesaler. Depending on the exact amount you want to invest, you can also get profit worth %70 in return if you frequently turn the money over and over for months.

Cosmetics product business is really an interesting one. Once you get the strategic location for your business, you just go ahead and start your business and you’ll see yourself achieving success

SEE ALSO: Top 10 most profitable small Business Ideas In Nigeria

CHOOSE A PRODUCT TO SALE

Image Credit = Shopify

 

They are different areas of cosmetic business in Nigeria: you can decide to go into one or more at a time. It could be:

  • Hair care Products: Either hair expression which is weave or attachment mostly used by females or hair care and treatment , here we have hair spray, relaxers, shampoo and conditioners, hair cream, e.t.c
  • Personal care products and toiletries: This aspect is used daily in every home such as bathing soap, tooth paste and brush, toilet papers, e.t.c
  • Skin care products: Body cream for different purposes fall into this category: moisturizing cream, age defying, toning cream, e.t.c
  • Makeup products: This is the fast moving category; it is used by both you and old, rich and poor because everyone wants to look good at every occasion. Women are mostly the ones that use this in Nigeria to enhance their beauty using Lipsticks, eyeliner, powder, e.t.c

In Nigeria, different products from different companies are available. Having selected the category to concentrate on, next is to start your business.

GET A SPACE 

Image Credit= Phuket

You can start at home or rent a shop outside your home for your cosmetics business. A shop should be located at a corner where people pass often, to enable come in to buy from you. If your plan is to start small from home, you’ll have to create a space in your house. This serves as both your warehouse and display store.

SEE ALSO: How to start a Business With No Money

Proper planning when starting a business is very important. Base on how you want to start your own cosmetic retail business, you need to estimate the cost of what you will incur in order to start your business properly. The good news is that, with Fifty Thousand Naira (N50.000) 0r $150 you can start cosmetic retail Business.

FIND OUT WHERE TO BUY YOUR PRODUCTS

Image Credit = InformationNGR

After you have figured out the line of cosmetic retail business you want to start the next thing is where and how to buy it cheap. The sole aim of starting any business is to maximize profit and it will be unwise for you to buy products at market prices and yet remains in business.

 

CREATE SECTIONS IN YOUR SHOP

Image Credit = SmallStarter

To be extremely successful in this business, you will not just restrict yourself to one aspect of it; you must try to have all the different sections available in your shop. For instance if you’re setting up your shop you must include the hair extension section, the skin care section, the personal care and toiletries section and so many others. This will make your shop look beautiful and everybody who passes by will want to patronize your shop.

SEE ALSO: How to start Bread Bakery Business In Nigeria

TO SUCCEED IN THIS BUSINESS: Here Is My Advice;

  • Be friendly as no one will Love to buy anything from an unfriendly person no matter how good his products and services are
  • Say what your products can do for your customers with truth, not just a sale talk to sell them anything. In order for you to have a returning customer all the time
  • Don’t sell your products with too many profits. Greed can make you lose good customers
  • Once you promise a customer that you’ll do one thing make sure you do it
  • Look good; remember you’re selling beauty products. Let your physical appearance do the talking about your products as people believe much in “Seeing is Believing”
  • Don’t spend your profits on unnecessary expenses, re-invest in your business and expand your comfort zone
  • Don’t quit so soon; so many people when they start a business they want instantaneous business expansions and when it does not happen quickly, they quit. Saying the business is not working for them
  • Know that Quitters never win and Winners never quit
  • Setup realistic goals

GOOD LUCK

I Believe you read this article to the end, share on social media and please don’t hesitate to leave comments. also ask questions if facing any Challenges.

 

Motivational Quotes from 20 Successful Nigerian Entrepreneurs

 

Quotes and wise sayings from successful entrepreneurs have become a source of inspiration and motivation to young and upcoming Entrepreneurs as well as those who are deeply business inclined.

The application of these quotes Quotes given by 20 successful Nigerian Entrepreneurs based on their series of experience will be of
great help to young entrepreneurs regardless of the type of enterprise, firm or dream you intend building.

Take a ride below to see awesome motivational and inspirational Quotes from 20 successful Nigerian Entrepreneurs.

Aliko Dangote
“Endeavor to work hard as possible to attain a new aim with each day
that comes by. Don’t go to bed until you have achieved something
productive”.

M.K.O. Abiola
“No one can give you the power to succeed, It’s yours. Take it”.

Abasiama Idaresit
“I consider myself an expert and a leader in the field of technology,
marketing and business, my past successes has been as a result of my
passion and commitment”.

Henry Fajemirokun
“Events may fail, that does not make me a failure”.

Hakeem Belo Osagie
“In today’s world paradoxically, It is the boldest action that is
often the safest. Remaining where you are in a world that is changing
so rapidly is in fact the most dangerous of all places to be in”.

Folorunsho Alakija
“It’s is essential to draw up a “Things To Do” List on a daily basis
and set priorities in executing them, making sure that any unfinished
task get posted to the next day’s list”.

Charles Igwe
“Getting things done is better than having things perfect. Done is
better than Perfect. Whatever you have in your hands, get going with it. Just do it”.

Jason Njoku
“You have to be in the ground in Africa. I personally don’t believe
that you can start a business in Africa if you don’t immerse yourself
in the market 100%”.

Cletus Ibeto
“I started as spare part import dealer, after spending some time as an
apprentice in the motor parts Business. You must be once a boy before becoming a Boss “.

Ola Orekurin
“True success is about a passion to create a better world, live a life
you can look back on and be really proud of”.

Uche Pedro
“Keep it simple. Don’t try to do everything. Pick your lane and be the best at it”.

SEE ALSO: Top 25 quotes for Business In 2017

Jim Ovia
“I will continue to empower the youths. That’s my passion. The youths are leaders of tomorrow. We must continue to support them”.

Wole Soyinka
“Be yourself. Ultimately just be yourself”.

Damilola Solesi
“I might fail in business but I don’t consider myself a failure until
I have given up. Failure is given up on your goals and dreams “.

Bakrie Delano
“We all make mistakes; the even bigger error is not learning from them”.

Chinua Achebe
“One of truest test of integrity is its blunt refusal to be compromised”.

Fella Durotoye
“Failure is the test of true commitment. If you back out and quit
after a failed attempt, then you’re not yet committed to the dream”.

David Oyedepo
“How far you can see determines how far you can go”.

Okechukwu Ofili
“You got to have the bad years so that you can love the good years”.

Oluwaseun Osewa
“Our Preferred holding period is forever”.

SEE ALSO: 12 Bible Verses for Business Owners

I hope you find guidance and strength in this words of those who have traveled through the way of success and extremely successful doing business. Now go out there, excel, be great and stay Inspired.

Watch the Video Below for more Inspirational quotes!

 

How A Coach Can Help Your Business to Succeed

 

Finding a competitive advantage for your business is one thing. Sustaining it day to day is another . The perpetual grind of performance improvement can be overwhelming to say the least. Hell, getting out of bed is sometimes too much to think about.

  The process of continual renewal for individuals and organizations is never-ending, which is exactly the reason why soliciting an external party in the form of coaching can help lead your business towards lasting success.

Here are Helpful ways a coach can help you achieve business success:

  1. Eliminate tunnel vision

Whether it’s a life coach, leadership coach or business coach, having somebody with an array of diverse experiences only helps broaden your own awareness about yourself, others and the competitive landscape.

Nobody learns in a vacuum — we learn through knowledge sharing that’s dependent upon relationships.
Think about it.

When you read, you have a relationship with the author and you either adopt his or her viewpoint or not. When you travel, you have a relationship with the passenger sitting beside you — positive or not. In either case, you acquire new information that broadens your awareness.

  1. Minimize Errors

Coaches work with many clients. A coach can share past lessons learned from other clientele (while maintaining confidentiality, of course) who faced similar challenges, thereby saving you the time, money and emotional investment from repeating the mistakes yourself.
Don’t get me wrong — mistakes are healthy and necessary for improvement. However, to the extent that such lessons learned can be gained through somebody else experience, even better.

  1. Say “ahh”

The saying that “it’s lonely at the top” is all too true, especially for those leaders unwilling to trust or talk with others. Sharing concerns with a coach offers two advantages.
First, it acts as an emotional release. Packing all your worries, gripes and frustrations into one suitcase of emotion has the same end state as at the airport: a high price.

Continue reading How A Coach Can Help Your Business to Succeed

10 Businesses that will fetch you much money on valentines Day

 

 

Are you a smart entrepreneur? Do you need ideas on how to make money off lovers and fun seekers on Valentine’s Day?  Then below are ten amazing small business ideas for making money on Valentine’s Day in 2017.

Every February 14th is Valentine’s Day, a day when lovers all over the world rekindle their love by sharing cards and gifts, attend parties, play games, and have lots of fun. But some smart entrepreneurs can’t just stand missing out on the fortune that they can amass during the Valentine season. So, they seek out ways to make money from Valentine’s Day.

So if you are anything like these smart entrepreneurs and would like to make money from this Valentine season, this post is for you, as it reveals ten profitable business ideas that can fetch you extra cash on Valentine’s Day.

Here are some Part-Time Businesses You Can Do on Valentine’s Day and Make money

  • Organize entertainment shows
  • Organize specialized parties for either students, singles, married couples, etc
  • Organize special tour packages for couples
  • Partner with a designer and make customized portraits for people
  • Organize competitions for lovers or couples
  • Set up a temporary lounge or special garden for lovers

Top 10 Businesses that will fetch you much money on valentines Day

1. Valentine cards

Image by: HousefulOfNicholes
Image by: HousefulOfNicholes

During Valentine, many people buy cards to show their loved ones how much they care. Why not take advantage of this and make some cards to sell? If you are good at graphics design and can keep churning out lots of unique and creative designs, you can make a lot of money. Most cards available in shops are very expensive. Some cost as much as $12. So, lower your prices slightly to make things competitive and you could make much money.

2. Flowers and roses

Image by = Aliexpress
Image by = Aliexpress

Sharing flowers and roses are the best way to express how much you care, and many people buy them on Valentine’s Day for this reason. You can set up a stall that sells flowers or launch a website for selling beautiful flowers online, offering a wide range of choices. To attract more customers, sell your flowers for slightly cheaper prices than what obtains everywhere, but don’t cut out your own profit in the process. If you are selling your flowers online, bear in mind that you need to offer flower delivery services.

SEE ALSO:Top Businesses that can fetch you much money during Christmas

3. Sell baked goods

Image by = Allrecipes
Image by = Allrecipes

Cakes, chocolates, and other snacks sell like wild during Valentine. If you are very good at baking, then you can turn your skills into profits. You can visit online cake websites for more ideas on how to make your Valentine cakes even more special. Baking cookies is another option you might as well consider.

4. Offer services

Image by = Sansan
Image by = Sansan

During the Valentine season, there is a huge demand for services such as flower delivery, dining or shuttling services, massage, pedicures, make-up services, etc. If you are particularly good at rendering any of these services, why not make as much as you can during the next Valentine?

5. Babysitting

Image by = Care.com
Image by = Care.com

On Valentine’s Day, most parents go to parties and attend other fun places in order to rekindle their love. However, such parents usually face one problem; they cannot find someone to look after their kids.

If you love kids and are very good at caring for them, you can make money by offering to render babysitting/Nanny services to such parents. In order to get clients to book you up for next Valentine’s Day, slap up an ad in your local newspaper or your city’s section of Craigslist.

6. Start a blog or write a book

Image Credit = Pinterest
Image Credit = Pinterest

If you are very good at crafting great pieces of writing, you can start a blog with Valentine’s Day as the topic. Offer several tips, tricks, gift ideas, and more on how lovers can make the Valentine’s Day a memorable experience. Better yet, you can write a book centered on the importance of Valentine’s Day or one discussing the negative aspects of the occasion; depending on your views about it.

7. Organize a party

Image by = Dance-Parties
Image by = Dance-Parties

Valentine parties are one of the avenues where lovers enjoy themselves on Valentine’s Day. If you are very good at organizing fun-filled parties, why not convert your skills into cool cash? Alternatively, you can organize a party for singles. Most singles would feel lonely on Valentine’s Day, since they have no partners to share all the fun with. But they will be eager to attend your party, since it’s aimed at cheering them up.

8. Stage performance

Image by: AmericaGotTalent

If you have a great voice and the confidence needed to perform on stage, before a large audience, then you can arrange a live concert on Valentine’s Day. Publicize the concert by involving your friends and advertising at places where fun-lovers hang out, such as local restaurants, bars, and clubs.

9. Write love letters

Image Credit = Business Insider
Image Credit = Business Insider

Are you a gifted writer? Then you can make some extra cash during the next Valentine by writing amazing love letters for those who want to share their love feeling with their lovers, but don’t know how to arrange the words impressively. Many lovers will pay you well for helping them craft heart-touching love letters. Prior to Valentine’s Day, you can advertise your services in local newspapers and on classified ads websites.

10. Affiliate marketing

Image by: OpenDesigns
Image by: OpenDesigns

 

If you have a website or blog that generates a sizable amount of traffic and is targeted majorly at people who would most likely celebrate Valentine, you can make money by advertising flowers, Valentine cards, etc. You will need to register as an affiliate with a website that sells flowers for online. Each time someone buys an item through your affiliate links, you get a commission on the sale.

Hope this was Helpful, I hope you make much money this Valentine… please comment any other valentine business ideas you know!

SOURCE: MyTopBusinessIdeas

Strive Masiyiwa: Building an Efficient Organization – Part 5

 

__Process: getting the right things done right.

For the last few weeks, I’ve talked about the critical importance of “people” in organizational management. Today I want to talk about “process.” Every single day, I’m approached by people with great business ideas, and I also have my own fair share of new ideas. Sometimes I just love to sit in my study, or go for a walk, just thinking about a new business idea.

Let me share with you one of my best kept secrets: If I can’t get my mind around the PROCESS, I’m not going to do it!

I have to feel I have a deep understanding of how an organization will emerge to take this great idea forward. I can easily take 50% of my thinking time on this. Once I get my mind around the process, I can then focus on the right PEOPLE to make the right things happen.

__Process and people are the backbone of the organization.

Now what I mean here by “process” is the series of actions you take in order to achieve an intended outcome or result. Within one business, several different processes usually take place – raising capital, strategic planning, recruiting and training staff, research, product development, product testing, marketing and so forth.

When I first started in business, I was still very young, and had worked for just a few years. Fortunately, my two employers had been a computer start-up, in Cambridge, England, and a state-owned enterprise (SOE) in my home country, Zimbabwe. In both organizations I’d made observations about how companies are set up and run.

I loved the start-up, which had only two owners. Decisions were made quickly and I got my chance to do all sorts of things, even though I only had a freshly-minted engineering degree! The SOE was the exact opposite: it had rigid organizational structures. There were many highly-skilled and qualified individuals, but decisions were slow.

Whilst I enjoyed the mission of the SOE, I knew I had to get back to the start-up environment. I nevertheless took away a critical understanding of how big organizations work, including their political culture.

If I’d been able to choose, I probably would have first joined a large international organization before I went off on my own. I certainly would have loved to get an understanding of “best practice” from an international organization like Coca-Cola or GE, both of whom I greatly admired. The opportunity was simply not available, so I did the next best thing… I bought books about them.

My favorite books were written by entrepreneurs, explaining how they set up these businesses. At weekends I’d just disappear into my own world of Sony, IBM, Coca-Cola — the great companies of my day. I didn’t just read, I devoured their material!

SEE ALSO: Strive Masiyiwa: Building an Efficient Organization – Part 1

I wanted more, so I moved into the really academic work of people like Peter Drucker and W. Edwards Deming (Google them). I had all their books and articles.

In my own country, I’d constantly ask questions about the organizational structures of well-established companies. Information was always limited back then, not like now with the Internet!

As a young entrepreneur in Africa, it won’t always be possible for you to start your own business after a professional career in an established organization where you can learn all the ropes, and study processes.

# You still owe it to yourself to try and close the deficit in your understanding of what it takes to organize and build an effective business organization.

# You may not even be ready yet to have people working for you, with all those fancy titles and positions, but you still must have the intellectual curiosity to do your homework and understand what’s really happening!

If you don’t understand the processes that help you build and run an efficient organization — managed by capable, highly motivated professionals — you’ll struggle, wear yourself down, and probably end up bust, or worse.

Let’s get down to business, real business. We’re good managers, what about you?

THE END

Strive Masiyiwa: Building an Efficient Organisation – Part 4

__A great vision needs great people.

Organizational management is really about “people and process.” If you don’t know how to master these two, it doesn’t matter what you’ve invented, or how much money you’ve raised… you won’t make it in business.

It’s usually really hard to get the best people to join you when you’ve just started a business because you’re (rightly) considered too risky.

It’s particularly difficult when you, the founder, are yourself young and inexperienced. I know what I’m talking about because when I started out almost 30 years ago, I was only 26 years old and didn’t have either the money or reputation to attract people to work with me.

So I understand why most people in that situation will often turn to unemployed relatives and friends, who can sometimes be unskilled and even troublesome. Believe me, I’ve been there, and done that!

I almost laugh now when I look back, but I hired some people who were downright incompetent and almost got me killed… Remember I’m an electrical engineer by training, and some of my early recruits as electricians did not quite measure up!

In my own case, my partner and I did almost every kind of job in our little business. There was simply no room for “pretending to be the big man”! When we did a job for a customer, I was there myself, and sometimes when we finished, I joined the cleaners to make sure the customer’s premises were left clean. We did the work, the cleaning, the invoicing, and the books. We woke up early, and went to bed very late.

I never complained because it was “honest hard work” for a young man, and I enjoyed it. I interviewed every single person that I hired very carefully. I always looked for people who were skilled, sober, honest, and prepared to go the extra mile. I knew them personally, and their families.

I tried to be fair in every aspect of my dealings with my employees. It wasn’t just that I considered myself an honorable man, but I also knew that “people talk.” I wanted word to get out that I was a “fair guy” in an industry where people were often exploited, and owners of businesses were known to think of themselves first, particularly when they got paid, as I discussed last week.

When I did get paid, the first thing I tried to do was invest back in the business. In particular, I wanted my staff always to have the best tools for their job. I also wanted them to be proud of their employer. I was fastidious over things like uniforms, presentations and appearance before a customer.

Knowing that I didn’t always have the opportunity and money to hire the most skilled people, I focused a lot on training and workshops, which I handled myself. I drilled and drilled my staff. We talked about each job, and I allowed everyone to say something about what we learned. It’s great to have the big idea, but you must have an eye for the details.

Then one day it happened: I got a call from an engineer who worked for a highly reputable and well-established player in our industry. He wanted to join me. And soon it was a flood, with people prepared to take a pay cut for the opportunity to work with my young company.

Now remember what I said earlier: “People talk.” You want them to give you and your company a good reputation, one that attracts the best people to your business. The best people are the most profitable. That’s business!

In his bestselling book, “Good to Great: Why Some Companies Make the Leap… and Others Don’t,” Jim Collins writes, “Great vision without great people is irrelevant.”

Do you have the right people in your company focusing their time doing the right things?

Strive Masiyiwa: building an efficient organization – Part 2

__Talking a good game is not enough.

I was meeting with one of New York’s most successful bankers, when he quipped, “In my business we don’t rely on intellectual property. There’s nothing we do that’s so special; we’re just damned good managers of businesses!”

I could immediately understand what he meant because when, for instance, you stop to think about a business like McDonald’s, you ask “What’s so special about a hamburger?”

But somehow out of that humble hamburger they’ve built a $96bn business… a global business bigger than the GDP of Kenya ($70bn)!

__They are “just damn good managers of business!”

When we launched our Mobile Money business in Zimbabwe, it wasn’t a new idea in Zimbabwe, or in Africa. To be honest, one of our competitors was a year ahead of us, but it really didn’t matter to me. I knew that when we finally launched our own service, it would be bigger and better because “We’re good managers of businesses! It’s not all IP and innovation!”

Whenever I see a business, as a management practitioner, I’m interested in how it’s run. I’m always asking myself, “How are they organized?”

We hear a lot spoken about good leaders, but a good leader who doesn’t know how to manage effectively, using the latest management techniques, is a total waste of time as far as I’m concerned.

You’ve heard the expression, “He talks a good game, but he can’t play.”

Unfortunately, many entrepreneurs are like that. They can talk a good game, but they cannot manage an organization. Talking a good game can be important, but it’s not enough!

If you want to build a profitable and growing business organization, you must first have an acute awareness of the role that organizational management plays. Your awareness must extend to an appreciation that it is a “technical discipline” which must be learnt.

It doesn’t happen naturally: Good management is something you must apply yourself to. Never fool yourself into believing that if you have a good idea, and some money, you just hire the right people and “Hey presto, you have a big successful business!”

I want you to be different: I want you to be able to pick up an idea, any idea, and turn it into a successful business organization that generates profits, and can grow into a national, regional, and continental champion, even a global one.

 

Search this Blog for the Continuation

Strive Masiyiwa: Building an Efficient Organization – Part 1

 

As an entrepreneur, you may have a great idea or innovation which you believe is going to change your community, your country, or maybe even the world we live in. And you’ll probably make a lot of money along the way. That’s allowed, and there’s nothing wrong with it, provided you don’t harm others, the environment, or break the law.

Go ahead, make money, be a billionaire, and you know I’ll be right there cheering you all the way! But before you can ever get there, you’ll have to build an efficient business organization, employing lots of people, because no one can do these things alone.

In this new series, I’m going to talk about what I call, “The hardest thing to do in business: building an efficient organization.

You’ll face many different challenges as an entrepreneur, but the most difficult is building an efficient organization. What do I mean by efficient? Let me start with one formal definition: “Achieving maximum productivity with minimum wasted effort or expense.

Most people fail dismally in this area. It’s at once the most difficult and most complex thing that any entrepreneur ever has to do. In this series, we’ll talk about many issues including registering a business, recruiting and hiring your team, and organizational structure.

This is business “MBA stuff” and if you just want to run a little bottle store, it might be tough for you, but if you think you can open more than one bottle store, hang around and see. As they say in my beloved Nigeria, “It’s for the senior class.

You won’t be the next Dangote or Zuckerberg if you don’t know how to set up an efficient business organization.

To lay the foundations for this series, here’s another definition: The Cambridge dictionary describes “organization” as “a group whose members work together for a shared purpose in a continuing way.”

__The verb “organize” is also important here! It means, “to make the necessary plans for something to happen; arrange.”

Do I really need to write much more…? If only it were as simple and straightforward as it sounds!

Building an organization has many different aspects. Can you tell me the importance of nearly each and every word in these three definitions?

Organizations can be almost any size, but the ones I’ll be talking about here are ones that involve a hierarchy of authority and delegation: executive leadership, mid-level management, technical experts, frontline supervisors and employees in different departments, most with different operational functions.

This means a complex array of people with different talents and skills, like those I’m proud and blessed to have on our companies’ teams globally. Maybe different roles and gifts, but the key non-negotiable ingredients? Integrity, shared vision, mutual respect, accountability.

I won’t dwell on problems so much as solutions in this series, but to get started, here’s a list from a McKinsey report on some of the biggest challenges faced by companies (young and old) trying to build organizational capability:

# Organizational resistance to change.

# Lack of resources.

# Lack of credible metrics.

# (Lack of) identification of who is accountable for execution.

# Inability to gain attention and buy-in from line managers.

# Lack of senior management support.

# (Lack of) clear vision or objectives.

# Ineffective training approaches.

# Inconsistent application of methods, processes.

Now you see why I’ve said building an efficient organization is the hardest thing to do in business. But with great people on your team, all is possible!

 

READ:

 

Why I Choose Blogging!

This post is not meant to recruit new Bloggers into the Blogging world, NO. rather, Its just a little piece of writing on why i choose blogging Amongst other Jobs. (In my own words and Experiences)

Well, I have never thought of becoming a Blogger, Although i cant really tell how my blogging appetite came about, All i know is that; I have choosing Blogging as future Career Though it came as a hobby.

My parents had never supported my new found career (BLOGGING) Why? Because they fear that i may end up becoming nothing in Life. though they were ignorant of what my real intentions where. The word Blogging has eaten deep into me that i cant go through a day without Thinking about Pospitips Online.

though not into full time blogging but i intend putting my necessary effort, dedication and exercise patience to watch my Blog grow to become a large Entrepreneurial Community. with time Blogging is going to be my full time Job, that’s when I’ll be out of school but for now i blog part-time.

SEE ALSO: How to start a profitable blog and make millions online

WHY I CHOOSE BLOGGING

To Prove Blogging A Career:

It’s true Blogging is not being taught in colleges, but i think it’s worth career. Well, The Discouragement from friends and family members motivated me more and more to pursue my blogging career, just to prove blogging a career. (This has been my major goal ever since I started).

To Become The First Successful Blogger In My Ward:

Some of the words my father always said to me was How many bloggers have succeeded in our state? anytime i hear these words coming out of him i feel discouraged but I have always wanted to become a blogger, so i never gave up. If no successful blogger have existed in my state, then i want to be the first.

To Share My Knowledge:

As a young Entrepreneur, I loved public speakers and desired to be like them but i could not  due to my shy nature. I have always known known myself to be an epitome of knowledge and wisdom. “PLEASE AM NOT BOASTING” Its a gift from God, I may not be able to share my ideas and knowledge in words but i can do it 100% in writing.

I have always thought there  is something special in me, i think i have something that someone is looking for, i think i have an idea that could straighten your business and and entrepreneurial mentality.

One of the Major reasons i Joined Blogging was to Share my Knowledge.

To make cool money:

As i said, i intend building an awesome community for entrepreneurs. so with time am gonna turn Pospitips Online into a money making machine. Lol (: , Invest on it, Get a domain and a great hosting platform.

I came to know blogging as a place to make cool cash without talking to nobody, buying or selling. i joined blogging to exchange my knowledge and ideas for interest which automatically comes inform of money though blogging haven’t given me what i want, but i know it will.

i don’t sell my ideas to you to end money, NO, i only share my ideas to you for free. While i  receive my salary and wages. one of the main reason’s i joined blogging is to make cool cash online.

Blogging Is A Career!
Blogging Is A Career!

Maybe I’ll stop here for now to continue some other day and off-course i will share what i experienced pursuing my blogging career.

Thanks

 

Please drop your comments below

Ways to boost the Nigerian economy through Agriculture

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According to Wikipedia, agriculture is the cultivation of animals, plants and fungi for food, fiber, biofuel, medicinal plants and other products used to sustain and enhance human life. It is important therefore to work towards boosting the Nigerian economy through agriculture.

Nigeria is a nation that depends solely on crude oil to drive its economy. Nigeria has been having it good economically until recently, due to the crash of oil price globally and no thanks to the resumed hostilities in the Niger Delta region which has immensely and adversely affected Nigeria’s economy.

To say it simply, Nigeria can no longer depend solely on oil to survive economically. Nigeria must as a matter of urgency diversify its economy for its survival and agriculture readily comes to mind to answer the question of diversification.

Before the discovery of crude oil, Nigeria was basically operating an agrarian economy, which involved the cultivation and exportation of cash crops like cocoa, groundnut, palm oil, etc. It is now high time Nigeria got back to agriculture for economic sustainability. As Anietie Udoema once said, “you cannot change a winning formula.” If agriculture sustained Nigeria in the past, it can equally sustain Nigeria now.”

✅Important Reasons Why Nigeria Must Embrace Agriculture

Nigeria stands to gain a lot if particular if urgent attention is paid to agricultural development. According to Wikipedia, agriculture is a vital industry in China, employing over 300 million farmers.

According to Chief Audu Ogbe, the Minister of Agriculture and Rural Development of the Federal Republic of Nigeria (FRN), as published by The Guardian Newspaper of February 13 2016, Nigeria spends a whopping $20b on food importation yearly and National Bureau of Statistics, Nigeria reported that agriculture’s contribution to Nigeria’s Gross Domestic Product(GDP), decreased from N4.5b in the fourth quarter of 2015 to N3.2b in the first quarter of 2016.

The above therefore implies that Nigeria loses so much in food importation and generates so little economically with regards to agriculture. Other reasons are:-

  1. Employment opportunity.
  2. Food security.

  3. Economic sustainability.

✅Practical Ways To Boost Nigerian Economy Through Agriculture

  1. The Federal Government of Nigeria (FGN) has farms across the 36 states of Nigeria, which is managed by the Federal Ministry of Agriculture and Rural Development.

The Federal Ministry of Agriculture and Rural Development should undertake a national survey and tour of the FGN farms and publish the addresses of the farms.

  1. The FGN through the Federal Ministry of Agriculture and Rural development should employ youths into the Federal farms to cultivate the farms. The employees should be paid as civil servants. However, they must be supervised and monitored to make sure work is done.
  • Offices should be built on the farm where full administrative and supervisory work takes place.

  • Ranches, piggeries, poultries, etc should be built on the farms and animal and crop farming will be going on simultaneously.

  • Markets should be built on the farms so that harvested farm produce can be sold immediately without the stress of transportation and other inconveniences.

  • The farmlands or shops in the market could be leased or rented to as many as are interested.

  • Food storage should be a top priority of the government. Dr. Goodluck Jonathan as President established 7 silos for the storage of food. One of the silos which is located in the Sheda Area of the Federal Capital Territory (FCT) is 100,000 metric tonnes silo and is reputed to be the largest in West Africa. More silos can still be built. Every farm should have storage facilities.

  • Public Private Partnership should be encouraged. Government should bring in investors.

  • Farmers and investors should be encouraged by favorable policies, tax rebates or tax holidays, etc.

  • Agricultural Science or agricultural studies as the case may be should be introduced into the education curriculum as a compulsory subject or course from nursery or elementary to tertiary institutions. Every Nigerian student at any level must learn about farming and own a farm while in school. At the tertiary level, the FGN can get a clue from Landmark University, Omu Aran, Kwara State, which ‘Agrarian Revolution’ as its mission.

  • Conclusively, according to the words of Allan Savoy, “without agriculture, it is not possible to have a city, stock market, banks, university, church or army. Agriculture is the foundation of any civilization and any stable economy.”

     

     

    How to Start a laundry service in Nigeria (Dry-Cleaner)

     


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    Before you start thinking about it, let’s cover some basics in entrepreneurship before we move on to talk about how to start a laundry business in Nigeria.

    Often, when business discussions take place, the first thing that comes to the mind of an average Joe is a

    business idea that requires a lot of financing…

    On the contrary, the best business ideas are not always capital intensive, in fact the brightest

    business ideas with great potential are the ones you can start on your own with little expenditure and grow them organically into something big later in the future.

    Rightly so, you aspire to be the next Dangote, or Adenuga (me too ), but often we forget the fact that they both had humble beginnings.

    What amazes me about the majority of successful people is that they are prepared to roll up their sleeves and do the most menial jobs an average individual wouldn’t do .

    Just take a pause and think about it; did you know that Dangote made millions hawking goods to a common man on the street? (technically)… He was a retailer before starting his production company, which he developed in to a lucrative business.

    Talking of menial jobs; something like the dry cleaning business instantly springs to mind….

    In cities like Lagos and Abuja, where people spend hours navigating the city and are extremely exhausted before they get home from their day job, such people would literally jump at the opportunity of having their laundry done for them, provided that the price and quality is right.

    So, Yes! There is a huge market for the laundry business in Nigeria, especially in bigger cities like Lagos, Abuja, etc.

    If you’re thinking of starting a business and you need an idea; the laundry business is a viable option that you should seriously consider.

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    HOW TO START A LAUNDRY BUSINESS IN NIGERIA 

    Because the laundry business is not a complex one, I would try as much as possible to explain the basis in three basic stages:

    #1. Planning:

    Just like any other business, the most important part is planning . So don’t delay and start your laundry business plan today, because it’s easier to detect a flawed idea during the planning stage.

    Speaking from experience, I have lost a considerable amount of time and money on several ventures because I did not plan before executing.

    I just went with it, and the outcome wasn’t great.

    The most important point is that you should always plan your proposed business before launching.

    Planning a laundry business in Nigeria doesn’t have to be a difficult task.

    Here is a quick guide on how to plan your laundry business in Nigeria:

    1. Pick a notebook and answer the following questions GENUINELY:

    (a) What’s the goal of this business?

    (b) How much can I afford to cough out as investment capital?

    (c) Where would the laundry business be located?

    (d) Who are my potential customers?

    (e) How much will I charge my client per service rendered?

    (f) What are the most important Items needed to get started? (More on this later).

    (g) What other sources of capital can I access other than my personal funds?

    1. Draw a business flow chart:

    It’s important to draw a flow chart of what your business operations would look like. A typical laundry business might look something like this:

    Customers —> Office –> Laundry Room –> Office –> Delivery/Pickup (Client)

    You can then take note of the important personnel and equipment required at each stage of the flow chart.

    Personally, I would clearly explain each stage of the flow chart so that you have a clear idea of the important people/things needed

    Customers: These are the foundations of your business; you should know that there is NO business without your customers. This is an indication of how important it is to get people to choose you, but you have to give them a reason to choose you over your competitors.

    The customer represents the centre of your business, without a customer; there is absolutely no show to run! With that in mind, you should focus more on answering question 1 (d) above.

    Office: The chart also shows how important an office space is; which means you would need a space where you process orders from customers.

    If you intend to run a large-scale operation, you might want to consider hiring a receptionist to look after your customer service and administration tasks. The office space doesn’t have to be fancy, it can simply be a place where customers can drop off and pick up their clothes, wait, make payment and ask questions.

    You would also need an area for storage within the office area; you can always partition the same room.

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    Laundry Room: This is where your core business activity will take place. If you wish to run a reputable laundry business, then you need to dedicate enough time into planning how to make this part of your business efficient, effective and economical.

    There are two major items needed in this section; a washing machine and a pressing iron.

    Depending on the volume of customers, you have on your list. You can do most of the work here, or at least until customer orders are rolling in more quickly than you and your current staff can fulfill them.

    It’s essential that you get a machine that can wash and tumble dry very fast; that way you can process orders in less than 24hours and keep your customers happy.

    You can do the ironing as well, or hire somebody to do the ironing and pay them on a performance basis.

    Lest, I forget, to provide a consistent service you will need a regular power supply due to the issue of erratic power supply in this part of the world. Getting a medium sized petrol generator can solve this.

    Once you’ve taken care of the necessary things, then you can move on to the next stage, which is the actual execution of your laundry business plan.

    #2. Executing:

    This stage requires some amount of capital to procure the items mentioned in the planning stage. Once the items are procured, then the execution stage is in progress.

    While money can get you the items needed to run the business; and to some extent money can also get you your first customer, but I would like to shed more light on how to “attract” you customers.

    Remember I mentioned earlier in the planning stage that you should have a list of potential customers. The execution stage is the right time to target those potential customers and tell them about the benefits of your soon to be launched business.

    Make a list of family members, friends, neighbours, and working class citizens in your area that you think will find your service valuable. Arrange a meeting or chat to them in the streets, but most importantly, tell them about your business. Call them to remind them about your business a few days before launching.

    It’s easier to sell to those that know and trust you compared to those that don’t, but you still have to give them a reason to chose you. What is your unique selling point?

    #3. Marketing:

    Now you’ve launched your business, and you have your first customer. How do you make the next step and scale your laundry business to attract more customers and increase your profits in the process?

    Understandably, marketing is essential. But aside from marketing, the most important thing is to offer a service that you are proud to promote, offer a service that your friends can confidently and boldly refer customers to.

    It’s vital that you offer a service that satisfies that needs of your customers, and delivers everything that you have promised. This is how you turn first time customers to repeat customers, and make them come back over and over again, and eventually they will recommend new customers to your business.

    To promote your business, you can make banners and flyers. If you have the money in your budget, you can create business cards and hand them out to people in your church (or mosque as the case maybe), visit your bank, and other local businesses and leave your business cards with the staff.

    Another option is to make a list of hotels in your area, find out if they have a laundry department (Most average sized hotels/motels don’t offer a laundry service), reach out to the manager and strike a good deal with them.

    Items Needed To Start a Laundry Business:

    1. Washing Machine

    2. Generator

    3. Iron

    4. Office Space

    5. Laundry Room

     

    Conclusively, the major difference between successful people and the poor people is their ability to take action, and when they take action, they don’t relent until they achieve their goals.

    …The offer still stands; would you do my laundry if I paid you?

    so what are you waiting for… You can start your laundry business in Nigeria today!

     

    how to Start plantain farming in Nigeria and Make millions

     

    By now, it should be no surprise to you that agriculture is the most

    lucrative business sector in Nigeria . This has led to a huge boost in local and international investment, which has seen the agriculture industries potential increase exponentially.

    If you’re still thinking about whether or not to invest in Nigerian agriculture, you should stop thinking and make a decision today. My advice to you is – don’t delay. The industry is so full of potential, and moving so quickly that you risk being left behind.

    If you are already planning to start plantain farming in Nigeria, then you have made the right choice to help you turn your financial status around. With very little capital, plantain farming can help you make millions of Naira every year.

    The secret to successful plantain farming is to ensure that you learn the basics, and master a few tricks of the trade. This is why you can start small and scale up to earn a lot from it.

    The Plantain tree is a native of Asia, having been cultivated first in 500BC by South Indians. It has spread widely throughout the tropics, moving from Africa to the Caribbean and Latin America. At present though, Nigeria is a large producer of plantain. Nigeria produces more for local consumption in comparison to export.

    You might be wondering why is plantain farming such a lucrative business? Plantain farming in Nigeria is so lucrative because plantain features heavily in the staple diet of most Nigerians. The few farmers who are successfully operating in this sector are making millions of Naira.

    Continue reading how to Start plantain farming in Nigeria and Make millions

    Three altitude you must drop to succeed

    Continue reading Three altitude you must drop to succeed

    Starting Your Own Business? what are the Benefits? Here there are!

    Thinking of starting your Business? 

    its a good thing when the resources of getting started are in place. Also, having your own business established means you are practically taking a step to take control of your life, and your dreams.

    There are literally countless business ideas floating out there.

    Some are brand new ideas while others have been successfully implemented by thousands of people. Many of these ideas are simple, straightforward, and inexpensive to start, while others are a bit complex.

    Starting your own business may require a lot of process. But in my own opinion, I advise you to start small and simple, using your own hard-earned resources to execute the idea first.

    Then the success gained and your entrepreneurial spirit may motivate you to take your business to the heights you may never imagined. But you will never encounter such success if you do not give it a shot.

    There are lots of benefits of starting your own business and some of them you might never know until you give it a trial.

    Here are tips and motivations that can help you to start a successful business:

    • Independence And Flexibility

    When working for yourself you tend to gain more freedom and independence. And once your business is firmly established, you’ll probably have the flexibility to make sure you don’t miss the moment and events that matter to you the most in life. You work your own hours and if you want to take a day off you don’t need to call the boss.

    That does not mean starting your own business is a passport to relaxation, it simply means you’ll have the freedom to decide when to work and when to rest. Sometimes, starting your own business could even mean working harder but you make that decision and not someone else else making it for you.

    You Decide Your Income If you are an employee, no matter how hard you work, you will always receive limited income even if you are the most efficient and most qualified employee. If you are a business owner there is no limitation to how much money you can make. Your income will depend on how good and efficient you are in running your your business.

    In a nutshell, you are the decision maker and everything lies in your hands. If you are extremely ambitious, starting your own business will give you freedom to compete and set target for yourself to even compete and become one of the very rich persons in your niche and community. You decide when to retire depending on how much money you’ve made and even when you retire, your business will still be making you money.

    SEE ALSO: How to win and retain customers in Business

    • Personal Fulfillment In Your Own Business

    Having your own business can be more satisfying than working for someone else. Many successful small business owners enjoy the respect they get from their peers for having the courage to go out on their own and set up a business.

    You are not limited in applying your creativity, you have the freedom to experiment and take calculated risks that you dare not do if you are working under someone. When such creativity and risks brings positive results, you become the most fulfill person on earth.

    You become a business creator and not merely a product of business creation. You can brag about your achievement and enjoys all the recognition you get.

    To Learn New Skills The more you work to build your business, the more you will realize how little you actually know. As your business expands, you will learn time management,marketing, general management, book-keeping, new types of problem solving, tax implication and so on. You will learn plenty about yourself and what you can handle throughout the life of your business.

    Don’t be surprised if power is one of your goals, you will acquire power through your business and keep learning the skills of managing your power. In your business, you have employees who are out there to do your bidding your way.

    However, if power is important to you and you really want to retain it, think of using it in a more constructive way to build positive value.

    There Are Organizations To Help You Success There are non profit organizations out there to help you succeed in your new business. They will provide you with guidance, specialized expertise, and even offer services in helping you establish your organization up and running.

    Small businesses are very important in the economy because it represents one of the workforce.

    There are several organizations that you can search on the web that have the resources to help you with any advice that you will networking need for your business.One of such organization is The United States Small Business

    Administration which is a Government agency that provides resources, guides, and advice to small business owners and startups.They also provide tools such as business plan software, etc.‘Doing Business’ which is powered by World Bank Groups another powerful resource platform for business startups.

    SEE ALSO: How to win and retain customers in Business

    Here on POSPITIPS ONLINE also we make effort to provide you with some of the finest business ideas to work on. Having a vision Most new business owners realize the dream of doing business through their own visions of how they can do things better.

    Your vision or idea often comes from businesses that are not providing service or products, and you feel you could improve them if you own a business that render such services in more effective and efficient ways.

    Once you have a vision for a business, it is easier to turn that vision to reality. The quality of employees you hire could also determine your success or failure in a business. How many times have you sought out business products or services and dealt with poor customer service people? By hiring the employees that will get the job done, you can make your business better.

    Income Expectation Small business can be profitable. It is not only big corporations that pulls in big profits. They are countless stories of entrepreneurs landing a solid idea and exploiting it for a large financial gain. And from a selfish point of view, you get to keep more of the profits if the business is your own.

    Starting your own business affords you the opportunity for professional growth. Entrepreneurs get to try there’s hands in all of the business from marketing to sales and business development. This gives business owners the ability to be more creative and become involved in the whole process of starting and running a new venture.

    This can also lead to more business opportunities in future as entrepreneurs learn all factors that make their business successful.

    Did you learn anything from this report?

    Share it with us through the comment section and help to empower others.

    Giving yourself the Ultimate leverage to succeed


    By applying the power of leverage to business, you can (with less effort) accomplish a lot more. Without it, you increase your risk of burnout and frustration, and limit your rewards.

    Continue reading Giving yourself the Ultimate leverage to succeed

    5 Fears I Overcame to Become an Entrepreneur

    The freedom entrepreneurship can provide is priceless. Being able to set your schedule and earn an income based off of the value you provide is appealing. 

    There are many enjoyable parts of an entrepreneur’s life, but life isn’t a movie, and there are challenges and struggles every entrepreneur will face. These challenges are especially strong when you’re starting a business.
    Fear kept me stuck in a business I hated because the money was good and pretty much guaranteed. I had a full plate of customers, but the work felt like it was draining my soul. My dream was to create a lifestyle businessthat allowed me to write, speak and consult. I had to beat these five fears to make that dream a reality.

    Continue reading 5 Fears I Overcame to Become an Entrepreneur

    How to Start-up a business with almost no money

     

    Continue reading How to Start-up a business with almost no money

    The Secrets behind Aliko Dangote’s Wealth

     

    Continue reading The Secrets behind Aliko Dangote’s Wealth