Most Africans find it hard unravelling the puzzle of starting their own business or launching that unique idea, project, or program. Here you find the same strategies that we have used to grow 20 businesses in Nigeria and Ghana specifically.

3 PROVEN PROCESS OF STARTING UP

(A) Have an Idea:

This is the seed that becomes the business. Ideas made dangote African foremost enterpreneur, Ideas made Steve Jobs the great Apple Icon, Ideas got MacDonalds to Nigeria. Your ideas is your business. All ideas are workable, it depends on the location, timing and strategy employed. You can get business ideas many ways, one of which is observation. (More details in next edition)

(B) Have a Business Plan:

Business plan are done through market surveys, concentrating on the area where you want to startup the business or idea. It tells you what the business ideas never told you I.e the cost of starting up, the kind of management to use, the kind of operation, the revenue you can make, the payback period etc. Your business plan determine if your business will workout or not.

(C) Strategize to Fund the Idea:

Now, strategise. A business of 10 million need strategy, same as a business of 50 thousand. From your business plan, you can illustratively see what aspect of the business you can start now. You can start a part, make profit and invest in other parts. Secondly, you can do menial/temporary business to raise finance for the main business. Thirdly, you can sell out what you have to start your business etc. All these are options aside borrowing or taking loans (.................. More in Next Edition)

IF YOU have gotten a business idea, then Congratulations, you're in Stage 2 of your business plan. While previous research found that 80% of business fail in Nigeria, AbsWatch found that the 80% actually fail because 95% startup their business without a business plan.

Don't join the 80% of business that will fail, startup with a Business Plan. Experts and Startup Professionals will do your survey and produce your business plan depending on where you want to launch your business idea.

Get a Business Plan Today and plan for your Tomorrow: Make your request for a business plan here:
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