₦airaland Forum

Thanks for this forum which gives the young entrepreneur to cry out. Also, I think Jumia has a good customer service by responding to this post. But it is important that actual delivery takes place.

I don't think this will make Konga to be in trouble. Competition is the game of business. The market is huge enough to accommodate new entrants.

Our Government should promote entrepreneurship. People with TRUE entrepreneurial spirits don't steal.

[size=20pt]Registration of Business/Company is not that complex. This article gives you detailed step by step you need to follow:
http://www.businessinfohub.com/2015/05/18/how-to-register-your-businesscompany-in-nigeria/[/size]

As an Entrepreneur, you need to give your business a name. However, choosing a name is just one step, you must register the name with the Corporate Affairs Commission. Corporate Affairs Commission is an autonomous body responsible for regulating the formation and management of companies in Nigeria. Registering the name will give you a legal status to operate the business in your chosen name. Without the registration, you cannot enter into any legal transaction in the name of the company. For example, if you want to source for capital either from the bank or from private investors, they want to be sure that the business actually exists. Before you can even open a bank account on the business name, bank will carry out a search to confirm that the business name has been properly registered. Nevertheless, it is not automatic that the name you have chosen will be approved by the Corporate Affairs Commission. Your chosen name can be disapproved for the following reasons:

The name is the same or very similar to an existing name
The name is offensive, undesirable or misleading
The name is contrary to public policy
The name is similar to a Registered Trademark or Business Name except with the consent of the owners
The name contains the words ‘Chamber of Commerce’ which is restricted only to companies limited by guarantee
You do not possess necessary qualifications to use such name. For example, before you can include “Engineering” as part of your business or company name, you must belong to professional body governing the practice of engineering in Nigeria.
Also, there are certain names which require prior Consent of the Commission and these include the following:

Names that contain any of the following words: Federal, National, Regional, State or Local Government.
Names that suggest Government patronage
Ministries or Department of Government
Names that contain the Word Municipal, Chartered, Co-operative, Building Society
Names that contain the word ‘Group’ or ‘Holding’
In order to avoid identity theft, it is strongly advised that you make the registration of your business name a priority. If you don’t, you will be surprised that someone has gone to register the same name and you will not be able to take any legal action against him. How would you feel if somebody or a small company starts threatening you to drop the business name people have known you with simply because you failed to register the name and the person bypassed you in registering the name? Imagine the pain of losing the name and the goodwill that you must have garnered for the business over the years. My advice is that people should go on with the registration of their business name before the name is made known to the public.

How to Register Your Business Name

Registration of business name is not difficult; it is what individuals can do by themselves. You start the registration by purchasing an availability form from any of the Commission’s Office nationwide. The addresses of the offices of the Commission nationwide could be found at the end of this book. The availability form gives you the privilege to choose two names at a time on the same form. This implies that if the first name is not approved, the second one may stand the chance to be approved. If the Commission did not approve any of the two names, this means you need to obtain fresh Availability Form and start the process again.

The name search used to take a period of approximately three weeks but with the new twenty four hour business registration which the Commission has just introduced, this bureaucracy has been eliminated. In this new dispensation, it means that an individual can initiate the process of business registration and complete it within one day. Presently, this is only possible at the Commission’s Lagos offices at Alausa and Yaba and the headquarters at Abuja. It is hoped that this will soon be extended to all the Commission’s offices nationwide

After securing approval, the name will be reserved for you for the next sixty days. Within this period, you are expected to obtain and complete Business Name application form, submit the form for verification and then make payment for filing fees.

On the Business Name application form, you will indicate your approved business name, the description of the objects of the business, the name(s) and the addresses of the Proprietor(s), commencement date of the business. You will be required to submit the following documents along with the completed Business Name application form:

Copies of credentials that show you are qualified to operate the type of business you are applying for.
Current utility bill indicating your address.
Complete the article here: http://www.businessinfohub.com/2015/05/18/how-to-register-your-businesscompany-in-nigeria/

Jklue007:
Front page tinzz

Of course, it is just a front page or any page of your choice. If you want something like this and you find difficult to follow the steps above, you can drop your email or phone number here, I will guide you. In the example given above, it is front page: http://monimatters.com

Do you know that you can make your Twitter Page to look the same way with your website? To do this, simply follow the procedure below:
STEPS:
1. Open your website with any browser and allow it to fully load
2. From your keyboard, press ALT + PRT SC
3. Open Paint and Paste. You can use CTRL + V to paste
4. Re-zise the image to suite Twitter Dashboard Picture size.
5. Then Save the Picture in JPEG
6. Upload the image/picture as your dashboard image.

If you do it very well, it will look like this picture. You can compare the twitter page with the website http://monimatters.com

Possibly he wants to use the money to float his own bank. I believe he will be able to meet the capitalization requirement

Thanks for the info. Everyone that wants to get serious with blogging has to move from free domain name/hosting. Notwithstanding, you can start with that.

[size=16pt]Be carefuljavascript:void(0); about free or cheap hosting. If you have growing audience, you need to be ready to pay. Possibly you need to monetize your blog so the blog can be self-sustaining.[/size]. I suggest bluehost

I don't know how FB banking works but I have been using their one-click to recharge my phone. I can't remember the last time I bur physical card.

What is the risk control measure in case of theft of one's phone?

I pray God will keep and preserve him wherever he is.

I join all Nairalanders to celebrate a great achiever! Thumb Up!

[size=18pt]If you have time, you can even do it yourself. All what you need is to visit websites that publish business articles. The one below will surely help as it curates business articles from different top websites and categorize them appropriately: http://businessinfohub.com[/size]

[size=16pt]The website below will educate you more on the business you can start, especially if you read through 'starting business' and 'business ideas & Opportunities' categories. It is actually good for entrepreneurs.[/size]

disc20:
For current procedures on how to register your business in Nigerian, read the step-by-step guide here http://fertilenigeria..com/2013/08/how-to-get-tax-clearance-certificate.html

[size=20pt]Apart from registering your business, you need valuable information on how to start, run and grow your business.[/size]

Dollarchap:
I will send you a mail.

Did you get my mail

Olasuposaheed:
Pls which one should I choose; University or start a business, I have 300k.I don't want to make the wrong choice

I advise you to go to University. While studying, prepare your mind that you are not going there just to obtain certificate but to learn and be impacted so that when you graduate, you won't need to beg to apply. Learn about entrepreneurship. There are valuable information on the internet now. I recommend the following websites:
http://businessinfohub.com
http://entrepreneur.com

uvalued:
wow, i got a lot especially for a small scale business owner from this link http://www.businessnewsdaily.com/5680-simple-business-plan-templates.html

I found out that business plan can be technical and cover upto 50 pages but the link i posted gave 5 simplified business plan for Small Business owners a head start.

Hope other newbie entreprenaur like me, will be helped as well

You will get great resources from here too: http://www.businessinfohub.com/category/startups/business-plans/

niyisky:
bizbrainkonzult@yahoo.com contact us for your business plan writing and market research analysis.

I will send you a mail.

Dollarchap:
Yet to hear from GentleFrank!

Anybody in the house with good business plan writing skill? You can drop a note

Dollarchap:
Pop Corn is very profitable if you can learn how to make it. Target a location with heavy traffic of people.

With N10,000, you have enough capital to take off