mollie12:

Huh?

There is no business that does not have threat of competition. Just do your proper research and have a good business strategy and you will be good to go. Its a nice business idea. However, location is VERY key. Try and look for a good location (one that is in need of your service) or if you can't afford to move too far, strategize on how to get the info out to those that need it.

akonucheinfo:








"Part of my 2013 business strategy is to diversify into rental business". please can tell us other business you runned and how profitable it is, cos some of us here are also in search of one business or the other. thanks

akonucheinfo:








"Part of my 2013 business strategy is to diversify into rental business". please can tell us other business you runned and how profitable it is, cos some of us here are also in search of one business or the other. thanks

JudismphD: when i say this kind of business will phase out with time, i speak with authority as an enterprenuer with 12 years experiences forcasting and operating successful in harsh business environment of ours with annual 6 digit of turnover in chains of business nt just mere beautification of managerial parlance. when you want to evaluate a the life span of a business, you take an holistic view of such business. Nigerian are good in using words to beautify a situation. You said ''strategy'' can u please highlight or itemise one, two, three, four etc workable strategies one could employ in this kind of business? In any business u draw a SWOT analysis and if the threat is more than the business strength and opportunity, u let go nt just mere use of word oga

citypulseng:

Oga Ade, I have a sister who runs the business in Ebute Metta. The lady u were trying to shrug off has told u the truth. Secondly, virtually every participant in this forum is an enterpreneur of sort. So using that same SWOT analysis of yours, specifically how do u hope to phase out chair rental business? You mentioned hall, event centres etc... Are they not meant for the elites & middle class? Need I start mentioning the number of open spaces, fields, school compounds and various available space are used for parties on weekends? Did the event centres pose any challenge to them? @Poster, carry on with your dream jor!

a1solution: what if u draft out an agreement paper so dey sign and pay if there is any damage when returning ur stuffs?

a1solution: what if u draft out an agreement paper so dey sign and pay if there is any damage when returning ur stuffs?

pekelepekele:

People won't pay you for damages easily they will want to charge the case to court and wait for what the judge decides and it can take you about 3 to 6months to recover damages just from a single client

This kind of business will soon fade out with time with the influx and stiff competition from multi-purpose hall owner, event centre and hotels, even unvierstities and polytechnic halls not left out of this, offering such services at cheaper rate. My dear forcast better b4 u plung ur money. Go ask phone busines owner, Nipost, cafer owner wetin telecom companies do to their business? Clock on Phone self don spoil wrist watch business, cheap blenders don spoil grinding machine busines 4 pepper seller. Na only Nepa busines dey boom, d noise on buy ur inverter and generator set no fit yet. PHCN is hail o