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How To Start A Small Scale Business In Nigeria - Business - Nairaland

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With 150,000,what Small Scale Business Can I Invest In? / Which Area Of Small Scale Business Is Most Challenging? / Small Scale Business Venture That Can Fetch At Least N2000 Daily. (2) (3) (4)

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How To Start A Small Scale Business In Nigeria by chapatti: 3:00am On Nov 16, 2013
Step 1Write a business plan. Describe the way your business will run in writing. List the services you will provide, including specialized ones such as wash-and-fold, pickup and delivery. Determine your target market — college students, apartment building residents, busy professionals — and research how well other laundry businesses in your area are meeting this population’s needs. Brainstorm ways that you can distinguish your business from competitors, such as offering lower prices, specialized services or a more inviting area for customers. Describe your marketing plans, pricing and supplies you’ll need, such as detergent vending machines, washers, dryers and folding tables.

Step 2Find an appropriate location. Choose an area that is accessible to or populated by your target market. Rent a space near apartment buildings to attract customers who do not have laundry machines at home. Avoid opening a store with nearby competition. Select a location with off-street parking, if possible, for customer convenience. Buy an existing laundry business to save time and money locating equipment. How To Start A Small Scale Business In Nigeria

Step 3Purchase necessary equipment. Order washers, dryers, coin machines, laundry carts and detergent vending machines. Search online auction sites for deals on used equipment. Buy top-load washers to save money. According to Entrepreneur, these cost $500 to $700 apiece, while front-load washers can cost $3,500 to $20,000 each. Consider purchasing a card system rather than a change machine, as cards will track the number of loads a customer has done and allow you to change your prices more easily.
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