As year 2012 approaches many Nigerians will definitely review their business activities for 2011. For those who are not satisfied with the return on investment of their current business they will want to veer off into more lucrative businesses.

One of the rules to starting a successful business is identifying challenges and everyday problems encountered by the people, or communities around you.

If you need to start a business that you can grow to become successful and profitable the Laundry and Dry Cleaning business can be a good option. However before you consider starting a dry cleaning business you have to put into serious considerations the following factors;

a) Location: Your area of coverage matters a lot. If you start a dry cleaning business in a poor neighbourhood where 90% of the population prefer to do their laundry themselves due to lack of funds you may be climbing a steep hill and success will be far tougher to achieve. You will have a better chance at success if you identify an area, neighbourhood or even a residential estate where the standard of living is average and above average. You can then be sure that if you do the right things you will achieve relative success.

b) Level of Competition: Dry cleaning and Laundry services may be lucrative but not when you are entering into a ground already occupied by several laundry services. You will have to do extra creative and ingenious work to turn your business into a success. So before you launch into any town or area do your business diligence and find out the level of competition if any.

c) Finance: The amount of capital at your disposal will determine things like if you start with two staff or only yourself, if you introduce mechanised laundry or make do with the manual process of laundry. Depending on the area you are and the level of competition available these things may matter,

Continued: http://nairabrains.com/2011/11/how-to-start-and-run-a-profitable-dry-cleaning-and-laundry-business/

I've read the whole post on your blog. Good article. Really helpful. What would I start with with N100,000? Considering a developing state like Ondo state, Akure to be precise. Also I'm a student so I don't intend to do more than the management. Please advice me based on this premise.

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