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Business / Re: How To Start A Computer Business Center In Nigeria {tips} by Mybussinessmind: 1:22pm On May 19, 2019
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FULL DETAILED COST OF STARTING A COMPUTER BUSINESS CENTER

https://www.billionairezmindset.com.ng/2019/05/how-to-start-computer-business-center.html
Business / How To Start A Computer Business Center In Nigeria {tips} by Mybussinessmind: 1:13pm On May 19, 2019
With the existing fluctuations in our economy, there is a great need for any human who wishes to survive to source for any good working means of making legit money and not just total dependence on white collar jobs which may not even come.

Starting a computer business center is another viable option to break into the world of entrepreneurship and make good money in the process.

Many potential entrepreneurs have submitted requests on this blog to have a computer center business plan written out and made available for public consumption.

Computer business centre in Nigeria is open to offer several services such photocopying, typing and printing project work, letters, correspondence, memoir, spiral binding and laminating of paper materials, scanning of documents, instant passport photographing, typesetting, installation of systems, computer training, internet services (for computer business centre with cybercafé ).

Other services that can go alongside a computer business centre includes sales and repair of computers, sales of examination scratch cards like WAEC, NECO, JAMB, sales of recharge cards, computer training services, sales of computer accessories, etc.


A computer Business Center is literally a money making venture here in Nigeria. Its lucrativeness can’t be over-emphasised and can fetch thousands of Naira just within few weeks of establishing the business.

The demand for computer services is high especially in tertiary institutions. If you check the school environments, you will notice small canopies with laptops and printers in them, positioned at different places around the school premises. All they do is check results for students; help them pay school fees online, type and print assignments, projects’, register courses and other school needs involving the use of computers and that’s how they make money in the business.


You can actually go into this kind of business but not like those done in schools. The computer service shop you are going to pull out will be different from those seen in schools premises, you need to give your business a brand, make adverts if possible and provide quality services which would make your customers to recommend their friends to your business center.
You can start this business and be established. You don’t need to be a computer geek nor the world fastest typist.

HOW TO ESTABLISH A COMPUTER BUSINESS CENTER IN NIGERIA.

How do you go about establishing a computer business center in Nigeria? The template is very simple, we have compiled some practical tips to follow. Here are they:

1. ACQUIRE ALL NECESSARY COMPUTER SKILLS, TRAINING AND CERTIFICATION.

If you don’t have any computer skill yet, don’t worry. With computer schools cluttered everywhere in every street, you’ll get the skills you required.
It is not a bad idea to attend a computer training class where you will acquire both basic and professional skills that will enable you to run your business successfully.
Depending on how fast you learn, you might be able to learn the required packages within 6 months or a year. Try as much as possible to be a professional in Microsoft Word, Microsoft excel and CorelDraw.

2. FIND A SUITABLE LOCATION FOR YOUR BUSINESS.
There’s a high chance that the appropriate and suitable location for a business center should be close to offices, school environment or university campuses, hospitals, banks, Electricity Company, shopping complex etc. Post office or local government headquarters is usually a normal domain for any computer business. This will guarantee a lot of turnover for you.
It doesn’t matter if someone is already doing the same business there, what matters is that you’ll always make your sale and go home happy.

3. REGISTER YOUR BUSINESS NAME

Consider starting your computer business centre as a registered company rather than as unregistered company. Choose a business name for your computer business centre and then register it. The reason why many businesses never go too far is because they fail to register their business name. I will suggest you register your business. For those of you in Nigeria who wish to register their company can register it now on CAC online business registration portal.

4. PURCHASE THE BASIC EQUIPMENT YOU NEED TO START THIS BUSINESS

Getting a good location to setup your business center is one thing, having the necessary equipment to provide optimal service is another. After you have secured a good place to start up, the next important step is getting the equipment and materials necessary to give your customers optimal service. Some of these include:

1. A LAPTOP OR DESKPTOP COMPUTER.

Your business center is incomplete if you do not own a computer system. I always recommend laptop because of how easy it’s to manage compare to a desktop.

The major advantage of laptop over a desktop is that it saves power. Due to how unstable power supply is in Nigeria, the battery of your laptop can serve you for few hours of fuel spent on powering desktop computer.
You need desktop computers and Laptop. At a start, you begin with five desktops and one laptop.

2. PHOTOCOPYING MACHINE

You need at least one or two photocopying machine. There are those who are willing to sell their fairly used photocopying machine at a good price but I strongly advised you buy new ones. Most business persons usually prefer going for the fairly used because of how cheap it is. However, if you don’t like entertaining frustration, then go for the new machine. The reasons being that;

1. New photocopying machine last longer than fairly used ones.
2. It will save you the stress of calling a technician always to repair broken machine.
3. Fairly used photocopy machine can be troublesome.
4. The new one makes the photocopied works come out sharp and fast.
5. There is manufacturer guarantee on the new machine, an added advantage.
3. PRINTER.

This is another equipment you won’t be able to do without in this business. It’s advisable you have about two different models in case of failure to print. It is also advisable you get a coloured printer too because your customers may need to print their work in coloured format. So, you will need a black and white printer and a colour printers to print material from both internet and typed work for your clients. The price depends on its features and quality.
4. GET DIFFERENT PAPER SIZE

You need different paper size such A4 paper, A5, Letter, portrait size, Envelop, Cabinet etc. This can either be bought as a rim or as a carton of five rims. Depending on the amount you have.
5. STAPLERS AND PINS

There is giant paper stapler and also regular sized stapling machine too. It is advisable that you get both as you will be having customers doing high and low volumes of work.
The other consumables you will need are spiral binding materials.

6. A STANDBY GENERATOR.

A very serious business person won't joke with this.
You know the situation of power supply in Nigeria these days, except if things changes tomorrow. If not, you will need a standby power generating set for your business. It is expected that you acquire a generator that can carry all your equipment and machines conveniently to avoid disappointing your customers. Not having this is like giving your competitors an edge.

7. INTERNET CONNECTION

Remember, you’re not running a cyber cafe. The internet connection is mainly for conveniences. There will be customers who will need to log into their Inbox and print. You’ll have to save them the stress by having this. This won’t cost you much.
8. CHAIRS

At least for a start, you will need 5-6 plastic chairs, one for the front desk, one for you and the rest for any visitor who wishes to grab a seat for him or herself.

9. TABLE

A good potable table is required with locker attached to it for storing safe items and maybe keep items out of the reach of customer’s sight.

10. WASTE BASKET

As the name implies, it is used for storing waste items and must be disposed off daily.

11. MULTIPLE EXTENSION SOCKET

This is needed for plugging your computers, printers, photocopying machines and other electronic gadgets.

OTHER NECESSARY EQUIPMENTS INCLUDES;

Laminating machine.
>Paper cutter.
>Scanner.
>Spiral binding machine.
>Flash drive & Card reader.
>Instant Passport Sized Photo.
> Other accessories like stabilizers, and softwares for carrying out specific

Renting a shop should be the last project in order to avoid the rent already counting when you are yet to start.

5. GET HELPING HANDS

Computer business center is service oriented business which only one person can’t handle alone. So, you will definitely need helping hands especially if your business centre is located in a busy province. Remember, you don’t want to keep them waiting for more than its necessary.
Moreover, it is important that you train your employees so that they can provide the type of service you want and preserve brand image.

GOOD BUSINESS PRACTICES FOR YOUR BUSINESS CENTRE

As we all know, profit is the soul of every business. Nonetheless, an entrepreneur should also endeavour to deal rightly with everyone. Some good business practices that will further advance your venture include:

1.Be confident.
The key to pulling off a business strategy is confidence. You need to believe in yourself and your business to make your clients confide in it.

2. Be polite to your customers. Always greet and receive them properly.

3. Be punctual and adhere to the Delivery Schedule. If the job of a customer is not ready by scheduled time, inform her/him in advance and apologise.

4. Be honest in dealings. Charge reasonably and honestly from the customers. You can create your price list by checking out what other computer business centre collect for a particular service they render to their customers. As a new beginner in the business, the price for a particular service you offer may be a bit lower than what others collect for the same service to help you build a good customer base.

5. Pay your dues and taxes in time.

6. Pay reasonably to your staff. Payment to them should commensurate with their qualification, experience and the output they produce.

Apart from maintaining a healthy connection with your clients and focusing on customer satisfaction, it is also important for you to take care of your employees and make sure they are happy working for you.
Stay grounded and be a mentor and a friend to them rather than being a boss. Be approachable and let them know that you are always available whether they need help in making a presentation or just a friendly chat.

A FULL DETAILED COST FOR STARTING A COMPUTER BUSINESS CENTRE.

Cc: lalasticlala 
Mynd44

Source: https://www.billionairezmindset.com.ng/2019/05/how-to-start-computer-business-center.html

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Education / My Ican Success Story---godfrey Ebimobowei by Mybussinessmind: 12:13pm On May 15, 2019
My name is Donyabi, Godfrey Ebimobowei.

The road was never easy for me but I scaled through by His grace.

ROAD TO MY ICAN SUCCESS

2010

My dad lost his lucrative job, my younger brother was seriously ill which cost my dad a lot of money to treat him, my parent separated and the same year I gained admission into the higher institution but I couldn’t further my studies because I had no sponsor. It was like hell for me that year coupled with the fact that I had not gotten out of the pains I passed through when my best friend, Late Daniel kelvin Ebikabowei betrayed our friendship by allowing death to take his life. And my dad gave me his blessings “ Godfrey anything you do in life ; God will surely expose you for good and people will acknowledge you for your worth” and he further gave me a caveat to this prayer “ But Godfrey you must work hard because if you fail today neither me nor your mother will be held responsible but you”



2011

I started my first work on January 4, 2011 in a factory (LG) and the first Salary I received was N9,000 and subsequently N11,000 as salary and I was just trying to manage myself to keep body and soul together and also to comply with the advice of my dad.

2012

I was still working in the factory and later in the year I came across my secondary classmate( Lawal Sikiru(AAT)) who was running ICAN ATS programme and he gisted me about ICAN and he convinced me “ you don’t have to be rich to run ICAN programme”...this was what gingered me to run this ICAN programme, that year I enrolled for the programme even though my salary then was meagre, I registered with Safe Associates Ltd ICAN tutorial as recommended by my friend(Sikiru) in December 2012 to write March 2013 diet; my first day in class was not funny, I was asked if I would be able to cope with the system lecture-wise(becuase they had gone far with lectures), financially and otherwise because I registered late and I said let us how it goes.



2013

I wrote my first exam in March 2013 (ATS 1) while still working in the factory and my exam fee was far higher than my salary; thank God to Sherifat (Sherry) who assisted me with the payment of my ATS 1 exam fee. The result came out after 6 weeks based on the standard and I passed 3 out of 4, I was demoralized but my motivator (Akinsulire Yewande(AAT,Bsc,ACA)) gave me reasons to continue with the programme.I wrote the paper I failed in September 2013 and I passed.That year most times I do trek from Apapa to Ojuelegba just to meet up with classes and there was no fund to finance my transport.





2014

I wrote my ATS 2 exams in March 2014 while still working in the factory and I got another work immediately after the exam in an accounting firm as office assistance with the help of my ATS 1 classmate and co-worker Nwankwo Fidelia on March 24,2014. When the result came out I passed 3 out of 4. I still picked up the courage to continue and I wrote again in September 2014 and passed. This time around I was staying in my tutorial to read overnight and also to minimize expenses.

2015

I wrote my ATS 3 exams in March 2015 and passed all and was inducted in June 2015 as AAT and I was promoted . I registered for ICAN professional programme the same year and I was given some exemtions as AAT member. I was supposed to write November 2015 but I didnt write because I was not financially bouyant.During my ATS 3 days ; Thanks to sochima Umeh(my friend turn brother who was trying in his own little way to assist me with his food and we lived as brothers those days, same goes to my Ijaw sister Hannah Clement(AAT) and Shakirat(AKA Shakira) who assisted in their ways to see me happy in class. I must not forget Jide(AAT,Bsc)(Omo Bababeji) in a rush,Toheeb and Collins Ibe(AAT,ACA) you made my ATS 3 a memorable one.God bless you for me.

2016

I wrote May 2016 diet (Skilled level) and passed 3 out of 4.I wrote the outstanding paper and passed it in November 2016 diet. As usual I was short of fund but thank God to Nigerian Army Lt. Bola(ACA) who paid 3 quarter of my exam fee in Skill Level and also to Tosin(ACA)( Tosin my woman like I do call her in class).

2017

I wrote my Final papers in May 2017(Final Level) and passed 3 out 5 and I wrote the oustanding 2 papers in November 2017 and passed all and to the Glory of God I became a qualified Chartered Accountant.Thanks to Merit Isaac who tried in her own little way and to my sister from my Mother’s Village who completed my final exam fee (Mercy Ogori).

2018

I was promoted after I qualified.

2019

I was inducted as an ACA member of ICAN on May 8,2019. A day I live to remember. Thanks to Ann Onyinyechi Eze my paddy of life who is always bordered about my career and also to my Boss (Mr Solomon Osunba(FCA) who has always given me reasons to be focused and determined in life and also to my fellow colleagues in Solomon Osunba & Co.(Chartered Accountants) for your support and to my family members and friends (The list is too long) for your support.

CHALLENGES TO MY ICAN PROGRAMME

I faced so many challenges while running the programme:

I was downgraded that people who are not rich cannot run ICAN programme.

I had to tutor my friends just to get food in return (i.e stomach infrastructure...LOL)

I passed through hell just to scale through my ICAN programme. I remembered my final exams in may 2017 I was admitted almost one month in the hospital; my friends had a secret meeting with the doctor and told the doctor “Godfey doesn’t give himself rest that he is always in Church,School or Work and he is workaholic” and the funny doctor recommended that I should stop reading for a while and if possible I should forfeit my exams; I adhered to the non-reading aspect recommendation of the doctor but I refused to forfeit the exams slated for May 2017 and I managed to pass 3 out of 5 even though I was black out in the exam hall.



KEYS TO MY ICAN SUCCESS



I was always determined and focus to be successful in my life even though the road was rough and some people discouraged me that I cannot enroll for ICAN programme with my financial status.



I was not discouraged by the words of people with negative thought instead I see them as instrument to suceed.



I listened to the advice of my parent who always wanted me to be educated at all cost because they were not educated but they value it and also to the advice of my mentor and friends.



ADVICE TO PEOPLE WHO FACING ONE CHALLENGE OR THE OTHER




You might think that the problems of this world is on you but I tell you that if you strive hard you will surely reach the top.



Be focused and disciplined no matter the circumstance

Always plan adequately and give yourself deadlines for every tasks you have.



Pray and work hard.

If I CAN make it; you are not exempted from scaling through.



On this note I wish to congratulate myself and also wish to appreciate all my well wishers and those who contributed financially and otherwise to see through this programme.

I am the first Chartered Accountant from Donyabi’s race...more wins and celebration to come from the donyabi’s family...stay tune.

Thanks and God bless.

Donyabi, Godfrey Ebimobowei (AAT,ACA)


Source: https://www.billionairezmindset.com.ng/2019/05/my-ican-success-story-godfrey-ebimobowei.html

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Business / 15 Lucrative Business Students Can Do On School Campus To Make Money by Mybussinessmind: 1:15pm On Apr 28, 2019
1. ONLINE REGISTRATIONS

This is a great business opportunity for students who have personal computer system with internet access to make cool money. You can assist fellow students with online registrations (Scholarship applications, School fees payment, admission regularization, course registration etc.) and charge a token for the services. This is quite lucrative especially at the beginning of semesters and when there are prospective/new students on campus.

2. ORGANIZE TUTORIAL CLASSES FOR STUDENTS

Not all the students in school are strong academically. There are courses that are usually though and difficult to understand. And student taking these courses will not mind paying someone to teach them the course. If you are very good in a particular course, this is a great opportunity you must take advantage of. Your target students could be your course mates or junior colleague’s especially first year students in your department/faculty. You may choose to hold the classes on weekends only and charge per class attended.

3. DO ASSIGNMENT FOR LAZY STUDENTS

There are many student on campus that are so lazy, they are willing to pay any amount of money for their assignments to be done for them. You can take advantage of this and make cool cash while also learning new things. However, you don’t have to be doing much of what is outside your discipline no matter how intelligent you are as you will spend much time on researching new materials which could affect your studies.

4. SELLING OF WEARS

Students on campus love to put on good and fashionable wears, and therefore buy cloths, foot wears, handbags, jewelries and other body accessories quite often. If you could get these wears in bulk at reduced price from big suppliers, you will surely make much money from the trade. All you need to do is purchase good and fashionable wears, stock them inside your boxes, show them to your course mates, friends, hostel mate, church members, they will surely buy from you.

5. LAUNDRY BUSINESS

Most student on campus are too lazy to do their laundry, on weekends when they are supposed to have enough time to wash their dirty wears, they prefer watching movies and heading out to chill with friends, or going for tutorials, while just a few really take out time to wash their dirty clothes.

If you are diligent and hardworking, you can make good money from this. It just takes doing the laundry for few of your friends and they will keep bringing others for you. You can hire a trusted local resident to assist you when the work load becomes much.

6. RETAILING HAIR PRODUCTS

The fact is that women and females generally spend more money in self beautification than their male counterparts. As a university student looking for a good business to startup, considering retailing of hair products is one of the best decisions. You can retail hair extensions, hair cream, hair shampoos and conditioners, hair treatment products, hair accessories and a wide range of hair products. It is a very profitable business that is highly recommended for students regardless of gender. Market your products in school hostels, in your church, in classrooms after lectures, and even on social media, like WhatsApp and Facebook.
7. HAIR PLAITING

During my school days, I have a female friend who use hair plaiting business to pay all her bills in school. What she did was during weekends, she would visit the student female hostels and ask for students that want to make their hair. She plait and fix weave-on.

You can also start this business in school, learn to plait and fix weave-on for a fee. You can charge as much as N1000 –N1500 depending on the going rate in your school. You can choose to do this on weekends only to avoid undue interference with your academic work.

8. TYPING AND EDITING BUSINESS

Most student have need to type their assignments, project and other research paper work. If you have a personal computer you can start a typing business.

How to go about this business----you collect the handwritten assignments or paper work and type in the evening after your lectures. After typing you take it to a computer center to print out at N10 per page. You can charge between N70-N100 per page for each typing job. This gives you a profit margin of between N60-N90 per page. If you can type 20 pages per day, that gives you a profit of N1200 – N1900 per day. Isn’t that a good small business to start and make money on campus?

9. PHOTOGRAPHY

Running a photography business around institution campuses is no doubt highly profitable. Students simply love to take pictures especially during birthday, during matriculation, during convocation, parties and other campus fun time.

So, if you’re skilled at photography and can use Photoshop very well, then you must take advantage of the opportunities within Nigerian school environments.

10. SELL PAST QUESTION PAPERS AND COURSE LECTURE NOTES

This is one of the most lucrative business on campus. Selling of lecture materials and past question papers, some lecturers after lectures do give the lecture note to the classrep , if you on a good relationship with your classrep or even lecturers, they can give u the lecture note ahead or after the lectures, you go and make photocopies, bring them to the class the next lectures day and sell.

11. START A RECHARGE CARD OR VTU BUSINESS

Recharge card sales are not so profitable; however, if you sell them in large quantities, you’ll definitely make some extra-bucks. And the good thing is that, it doesn’t have to consume so much time. Several Nigerian students already make money from selling recharge cards; I had a couple of them in my department back then in school.

Here’s how you should do it… buy them in large quantities and put them in your backpack or hand bag. Thank goodness they are not heavy at all. Make an announcement, either through your course rep or by yourself telling other students what your line of business is all about.

I’m sure several people who’d have had to go out of class to look for recharge card sellers will decide to buy from you instead. If you’re not interested in paper cards, you could adopt the VTU (virtual top-up) method.

12. TAILORING

Can you sew good quality and fashionable clothes? If yes. Then you can start your own tailoring business. With a fashion designing career, you can generate loads of money even while in school. All that is required is a sewing machine.

Advertise your services online and on social media platforms. Paste notice bills in strategic places within and around campus and then inform your course mates to tell their friends. This is a very profitable business that can empower and enrich university students.

13. BAKING

Baking is a very lucrative business in any school environment, whatsoever because people love cakes! So if you’re good at baking things. Start it immediately. You could even get a space within campus to showcase your pastries. You can bake cakes for occasions such as birthdays, wedding parties, shows and so on, the list is endless.

14. MC / COMEDIAN

If you can speak eloquently and can make people laugh, then you should consider becoming an MC and a comedian on campus. All you need to do is to learn the rudiments of being a Master of Ceremony via the internet and you are good to go. Just like DJs, MCs are always requested for in events. Your first successful hosting of an event, may be at a friend’s birthday party, is enough to get you referrals.

15. PHONE REPAIRS/MAINTENANCE

If you are good at repairing faulty phones, you can consider starting this business and make your money.

READ MORE : https://www.billionairezmindset.com.ng/2019/04/15-lucrative-business-students-can-do.html

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Business / Re: 6 Reasons Why Your Business Fails by Mybussinessmind: 5:41am On Apr 15, 2019
uuzba:
OP how did you come about these 6 reasons?
How are we sure it's not 11 and a half reasons?
You've give only 6 the remaining 4 and half nko?

Better state ALL the reasons now O, let us see them because people will read only this 6 and their business will still fail.

There are many reasons why businesses fail , but these are some of the major Reasons why your business is not doing great.
Business / Re: 6 Reasons Why Your Business Fails by Mybussinessmind: 6:18pm On Apr 14, 2019
Business / 6 Reasons Why Your Business Fails by Mybussinessmind: 6:14pm On Apr 14, 2019
Most times people complain about failure in business especially as beginners, even established businesses once in a while face the threats of failure sometimes. Most of the times, the main causes of business failures are mismanagement, lack of proper handling of funds and so on.

As we all know, running a business is not as easy as it seems, to run a business you have to be lion hearted since the business world is like a jungle where only the strong survive. Most small business owners are usually starters, as a result they are nervous and this makes the whole running and management mishandled but not to worry we have laid down a detailed analysis of why these businesses fail and also recommend how to prevent these failures.

HERE ARE SOME OF THE REASONS WHY YOUR BUSINESS FAIL

1. BAD LOCATION
Location has always been on the top of the list of steps needed to start up a profitable business anywhere in the world. As always noted in our previous posts the location of your business has a very big influence in the success of your business. One of the holy books said you can’t lit a lamp and put it under a bushel same way you shouldn’t open up a business and locate it in a very scanty area all in the name of minimizing costs. It is better to locate your business in a very costly area where you would reap your fruits on the long run than situating it where no one can see it. We’ve always advised individuals to start up in a very busy area probably close to very busy road or even in a junction which connects two busy streets. If you are experiencing failure in your business try checking your location to see how it favours you.

2. INSUFFICIENT START UP CAPITAL
When you ask an entrepreneur the main cause for failure in his business or if you similarly ask an individual one of his or her major set-backs in starting and maintaining their business they would mention lack of proper funding. Starting up a business does not require large amount it requires enough amount because not every large amount is enough. Inadequate capital can make the most profitable business fail. There are a lot of expense to be made for a business which just started e.g rent, advertisement, electricity bills (for business who needs electricity), tax, trade union registration fee etc. so enough money is needed in starting up.


3. POOR MANAGEMENT
As defined by professionals in the field, management is the planning, organizing, controlling, directing of materials and human resources so as to accomplish a task easily. Most individuals who start up small businesses are usually not trained individuals, they do not have the know-how for running a business, as a result run into losses. Most of these individuals make decisions at the early stage which affects the business negatively in the long run. Some give out excess credits to customers which should not be, there should be some form of limit when giving out credits even as an established business. One thing to be done here is employ an expert who would help in running, some might say it is expensive to employ someone, you can make them partners in such a situation. You would share the profits, depending on your agreement.

4. COMPETITION
We must have heard this phrase life is all about competition. Most individuals go into business without anticipating competition, whereas, competition is one sure thing to meet in business. Of course you can’t be the only one having a type of business in your location. There might be up to three to four people doing same business so it is left for you to find out how to serve your customers better. You should try to improve on what your competitors are not doing while doing what they are doing.

5. LACK OF PROPER MARKETING
Most times small business owners do not really make plans for marketing and promotion of their business, they sometimes intentionally ignore the marketing aspect of starting their business which is very wrong. Marketing is all about promotion, advertisement and public enlightenment in which you try to make people aware of the existence of your business. This is very important especially as a beginner since no one knows about the existence of your business.
Knowing your target audience, knowing how to get their attention and convert them to leads and ultimately to a customer is one of the most important skills of a successful business. As much as you need a great product to win, you also need a great marketing strategy to convert that product into a continuous source of revenue.

6. BAD PRICING
There are several pricing strategies for small businesses, you can decide to put your price on the high side or on the low side. Pricing is really important, as it determines your profit Slevel. Bad pricing bad profit.

Source:
https://www.billionairezmindset.com.ng/2019/03/6-interesting-reasons-why-your-business.html

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Education / Re: Free Scholarship For Medical Students: NYU School Of Medicine by Mybussinessmind: 6:35pm On Apr 12, 2019
Education / Free Scholarship For Medical Students: NYU School Of Medicine by Mybussinessmind: 6:33pm On Apr 12, 2019
New York University, one of the largest private university in the United States, has been an outstanding public service history in health, education, and the arts.

At NYU School of Medicine, we’re proud that our medical students are talented in both humanities and biological and physical sciences, which positions them well to solve healthcare’s biggest challenges.

If you’re an undergraduate considering medical school, we encourage you to apply THE LANGONE MEDICAL CENTER COLLEGE OF MEDICINE SCHOLARSHIP AT THE NEW YORK UNIVERSITY.

IT IS TOTALLY FREE!!!!!!

We are talking of about $400,000 in Student Fees free as in ZERO Dollar.

NYU School of Medicine
550 First Avenue
New York, NY 10016

EDUCATION and Research Information
Office of Admissions (MD degree programs)
212-263-5290

admissions@med.nyu.edu
Graduate Medical Education
212-263-5506
gmesupport@nyulangone.org
Sackler Institute of Graduate Biomedical Sciences (PhD and MD/PhD programs)
212-263-5648
sackler-info@nyulangone.

Cc: lalasticlala 
Mynd44

Source: https://www.billionairezmindset.com.ng/2019/04/20192020-scholarship-nyu-school-of.html

NYSC / Re: Rabiu Ahmad: Corper Who Sold Oranges To Educate Himself by Mybussinessmind: 8:39pm On Apr 10, 2019
Ferdinandu:
I will advise that Guy to start thinking of how to expand his orange selling business, from retail to major supplier maybe to juice manufacturing companies, maybe dream of converting that raw oranges to other finished products. Degree and white collar job is a scam in this country. You will never know until you have entered the system.
When one company employs him with 30k salary then he realises that he was making more money as an orange seller.

You can share this also;

DEAR CHILDREN OF NOBODIES [ A MUST READ FOR ALL]

https://www.billionairezmindset.com.ng/2019/03/dear-children-of-nobodies-must-read-for.html
NYSC / Re: Rabiu Ahmad: Corper Who Sold Oranges To Educate Himself by Mybussinessmind: 1:56pm On Apr 10, 2019
AMAZING STORY OF YOUTH CORPS MEMBER WHO SOLD ORANGES TO EDUCATE HIMSELF

See more https://www.billionairezmindset.com.ng/2019/04/amazing-story-of-buk-graduate-who-sold.html
NYSC / Rabiu Ahmad: Corper Who Sold Oranges To Educate Himself by Mybussinessmind: 1:53pm On Apr 10, 2019
In most homes in Africa, the parents are charged with taking care of their children and even sponsoring their education. However, some unfortunate circumstances can cause a change in the order of things. A number of people desire sound education and are willing to do anything to get it.

A young man identified as Rabiu Ahmad is said to have sold oranges to enable him go to school.

I have always agreed to the saying that “a great man is just an ordinary man with extra ordinary amount of determination

Rabiu Ahmad who is now a youth corp member graduated with a second class lower from the department of linguistics and foreign languages at Bayero University Kano. Rabiu studied Arabic Linguistics at the university.



The young youth corps member has served as an inspiration to many and Nigerians on social media are impressed to see he is now a youth corps member.

To the youths out there;

Infuse your life with action. Don't wait for it to happen. Make it happen. Make your own future. Make your own hope. Make your own love. And whatever your beliefs, honor your creator, not by passively waiting for grace to come down from upon high, but by doing what you can to make grace happen. Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy.


Source: https://www.billionairezmindset.com.ng/2019/04/amazing-story-of-buk-graduate-who-sold.html

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Business / How To Start Profitable Okrika Business In Nigeria: All You Need To Know. by Mybussinessmind: 3:23pm On Apr 07, 2019
Selling okrika [second hand wears like shirts, trousers, suit, undies, bags, shoes etc.} is a business that many new entrepreneurs are looking forward to start because of the high demand for affordable and durable clothes in Nigeria. Okrika means a lot to so many people especially the youths, the low-income earners and fashion freaks. So many Nigerians today are wearing okrika knowingly or unknowingly. Most of the stock boutique you see around the road and streets are mostly been stock with first grade okrika.

On market days, you need to see the population of university girls and guys, parents, corp members, bankers, civil servants that troop to the market to buy fairly used clothes, shoes, bags, undies etc. The okrika business is a hot cake in Nigeria that hundreds and thousands of people are looking for how to make success in okrika business. The business is one that require little start-up capital and have readily available market.

REASONS WHY YOU SHOULD CONSIDER STARTING OKRIKA BUSINESS

1. Easy to Start

You don’t require any technical skills, experience or a university degree to start okrika business, just the right business mindset you are free to go. You can locate someone who has been in the business for a longer time to put you through the intrigues of the business.

2. Low start-up capital

The business does not require large start-up capital. With #20,000 –#50,000 you can get started.

3. Okrika wears are affordable {Cheap}

There is a saying that ‘’cheap products attract many buyers’’. Most of the okrika wears are very cheap that you begin to wonder whether they were dashed to the traders. And since they are cheap it create more market and more profit for the trader.

4. Okrika wears last longer

Many people tend to purchase okrika wears because they believe it last longer and are made of good materials than the so called new ones. This also send a positive signal to how lucrative the business is.

5. Fashion

As we all know today, fashion is the order of the day, no one want to be left behind. When the rich flex and flaunt their wears, even the middle and lower class would like to feel among, especially among the youths. With okrika, they have been given the opportunity to wear high designer clothes at a cheap rate. The more reason okrika business is profitable.

6. Okrika wears are easily recognize and attracts attention anywhere they are displayed.

WHO SHOULD DO OKRIKA BUSINESS?

Like I said earlier, okrika business does not require you having a university degree or any special skills. Students, employed, unemployed, educated, uneducated, retiree, housewife, male, female etc. you all are eligible for this business. As a student you can stuff them into your box and show them to your roommates, hall mates, classmates. Am very sure they will patronize you.

But one thing the devil will want to use in convincing you from achieving your aim on this business is shame. If you are that type that shame a lot, then forget it because you are not even destined to be rich through this line of business.

WHERE TO START OKRIKA BUSINESS

This is a very important aspect to consider before starting your okrika business. This is what tells if you’ll succeed or not. If you get it wrong, you’ll definitely quit and cry. Your location depend on the kind of wears you want to sell, For example, if you wish sell kids' clothes, it is a good idea to set up a shop close to a kids' school (e.g primary school or day care center) or an amusement park for children. If you want to sell wears for the big boys and girls, you can set up your okrica business in a university campus or even as a student you can stuff them into your box and show them to your roommates, hall mates, classmates etc. they will surely buy from you.

You can also locate your okrika business preferably close to a very busy road or junction which connects two busy streets. When deciding the class and type of okrika wears to sell, you should consider the type of people living or plying the area where your shop would be located. Poor neighbourhood would most likely buy second or third grade okrika clothing unlike richer neighbourhood that would rather go for first class and quality fairly used clothing.

You can also make your business mobile, move about to schools, offices and places where many people gather – churches, mosque, conference centres, etc.

HOW MUCH IS NEEDED TO START OKRIKA BUSINESS?

Before starting this business, you need to set some money aside and the amount of money you have will determine if the business will be on a small or large-scale. Since okrika is a low capital business, you can start with any amount and still make huge profits.
No amount is too small for this business, #10,000 can start the business. You buy from people who open bales, select the ones you can market and pay for them, the sellers will give you discount if they know that you are going to retail them. But if you want to be buying in bales then you need not less than #100,000 to start.

WHERE TO BUY OKRIKA WEARS IN BULK

You can buy in Lagos at Tejuosho market (Yaba/Sulurele), Katangua market, Alaba market or from kofa wanbai market in Kano or you can go to Cotonou to buy. You will see massive warehouses where they are stock for sale at a reasonable amount.
When buying be sure to buy from a trusted dealer because many people have bought rags in the name of first grade you wouldn’t want to learn the bitter way. That is why you have to get closer to people who have been in the business for years or are well experienced in the business. {Follow Who No Road}


HOW PROFITABLE IS OKRICA BUSINESS?

Okrica business is very profitable. A bale of okrika contains betwen 400-500 pieces of clothes. Let say you bought first grade of okrika bale for 120,000 naira and find 400 cloths inside it. After sorting them, you find 250 quality cloths that worth 1,000 each, and the other 150 [second grade} that worth at least 500 naira each. Now let's do the calculation together. N1,000 x 250 pcs = N250,000. Then N500 x 150 pcs = N75,000. Now let's plus both together: N75,000 + N250,000 = 325,000 . Now less your cost of purchase and other miscellaneous expenses, the result should tell you how lucrative okrika business is.

You can never make a loss in this business except you bought inferior (less) grade wears or you did not put in your best to market and sell them. There are so many things to sell in bend down select business it can be children/kids gown, adult gowns, chiffon, cotton shirts for boys/girls and kids, children mix, jeans, men cotton shirts, gowns for ladies, men’s polo, under wears, bags, used shoes, belt, scarf, teddy bears, caps, etc.

Some people believe that children clothes, ladies tops and undies move market most. There are ways to make more money and that’s what some people who have shops are doing. You buy a bend down select of high quality or first grade okrika, display them in your shop for a higher sale instead of #400 that we assumed it could go for #1000.

HOW TO START OKRIKA BUSINESS IN NIGERIA

Having known how lucrative okrika business is, let’s delve into how you can start this business and make money. Before starting, it is advisable to first conduct a good feasibility study to check how well the business will work in your area and if possible, draft out a business plan. Many prospective entrepreneurs make the mistake of not doing their homework in regards to research and analysis before kicking off and when the business fails, they will say their village people are after them and blame other things for their failure. However, when you do your feasibility study, you are more likely to succeed because you would be more prepared and ready to make the business a success.
There are some more things you need to do before investing your hard-earned money into okrika business.


LEARN THE TRADE FROM THE BIG BOSSES

You can’t just invest your money into a business you know nothing about, it’s risky my dear. You need to master the tricks of the trade. Learn the used clothes unwritten laws. You can do that by Partnering with someone who has been in the business for long time, ask helpful questions (try to be inquisitive).

Below are what you need to learn about okrika business

1. Where to purchase all classes of grades of okrika wears.

2. How to Grade okrika wears

To sell okrika clothes, you must understand how the clothes are graded. For example, the country from where the okrika was imported from, how fashionable the clothes are and the clothes newness and quality, i.e the condition of the clothes.

3. How to market your wares

You must learn how to price your okrika clothes and the price you attach to each of the wares will depend on the grade of the cloths. So you price your clothes on how new they are, how fashionable they are and the general condition of the fabric at the time of sale.

4. Know what is contained in a bale of okrika and the type of potential market for the clothes. The content of a bale include the following:

I. Chiffon – this usually gowns and tops for women
II. Leggings for women
III. Jeans and chinos trousers for men
IV. Up and down mixed for children
V. Suits for men and women
VI. Complete wares for babies etc.

How To Market Your Okrika Wears

First of all, before you talk about marketing your wears, you need to learn how to package your wears. Your packaging is what brings in extra cash. There are some who buy okrika and sell them as if it’s new. That’s because it’s clean, ironed and wrapped neatly with a good scent. Take your packaging serious to avoid customers from under-pricing your wears.

You can promote your okrika business in the following ways:

1. You can tell your neighbours, friends, families about your business and products and invite them over to your shop or home to make their purchase.

2. Through social media marketing. Take some pictures of your wears, upload them on social Medias like Facebook, Instagram, WhatsApp etc. This will increase your patronage and in turn bring more cash to your pocket.

3. Mobile marketing
Take your products around offices, schools, churches, mosque and other places where there is large gathering of people.


Source: https://www.billionairezmindset.com.ng/2019/04/how-to-start-profitable-okrika-business.html

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Crime / Re: A.O Subair Commits Suicide! University Of Ibadan Maths Lecturer Set Self On Fire by Mybussinessmind: 6:28pm On Apr 06, 2019
Dear children of Nobodies, don't be deceived by your certificate thinking you will have a flashy Job. Nigeria is equitable not equally for all of us. NNPC, NCC, NPA, CBN, FIRS and 82 other juicy places are not for you and me; except if your name is "Lucky or Destined". “We" and "Them" only have few things in common, such as identity cards, Voters Card, BVN and National Anthem, but even our schools, hospitals, all services and everything is entirely different.

Kindly accept any work and appreciate it with all your heart to serve your father's land with all strength or better still kindly start any business today, because no one knows tomorrow. Instead of a contemplative dreaming to be in a flashy office, why not you start selling Firewood, Kuli Kuli, shoe polish, wheel barrow, cutting nails and other simple works. It all depend on your instinct, style and capability to grow or transform the business. Don’t be like other lazy youth who are physically and psychologically lazy.

Bill Gates, Dangote, Mark Zuckerberg and others couldn't have make it, if they waited for the Government or private employers. They believed in themselves, took the risk, the starting steps and today they are shaking the world.

Continue Reading: https://www.billionairezmindset.com.ng/2019/03/dear-children-of-nobodies-must-read-for.html

1 Like

Education / Re: National Open University Of Nigeria (NOUN) Students by Mybussinessmind: 6:17pm On Apr 06, 2019
Dear children of Nobodies, don't be deceived by your certificate thinking you will have a flashy Job. Nigeria is equitable not equally for all of us. NNPC, NCC, NPA, CBN, FIRS and 82 other juicy places are not for you and me; except if your name is "Lucky or Destined". “We" and "Them" only have few things in common, such as identity cards, Voters Card, BVN and National Anthem, but even our schools, hospitals, all services and everything is entirely different.

Kindly accept any work and appreciate it with all your heart to serve your father's land with all strength or better still kindly start any business today, because no one knows tomorrow. Instead of a contemplative dreaming to be in a flashy office, why not you start selling Firewood, Kuli Kuli, shoe polish, wheel barrow, cutting nails and other simple works. It all depend on your instinct, style and capability to grow or transform the business. Don’t be like other lazy youth who are physically and psychologically lazy.

Bill Gates, Dangote, Mark Zuckerberg and others couldn't have make it, if they waited for the Government or private employers. They believed in themselves, took the risk, the starting steps and today they are shaking the world.

Continue Reading: https://www.billionairezmindset.com.ng/2019/03/dear-children-of-nobodies-must-read-for.html

2 Likes

Education / Dear Children Of Nobodies [ A Must Read For All] by Mybussinessmind: 9:38pm On Apr 05, 2019
Dear children of Nobodies, don't be deceived by your certificate thinking you will have a flashy Job. Nigeria is equitable not equally for all of us. NNPC, NCC, NPA, CBN, FIRS and 82 other juicy places are not for you and me; except if your name is "Lucky or Destined". “We" and "Them" only have few things in common, such as identity cards, Voters Card, BVN and National Anthem, but even our schools, hospitals, all services and everything is entirely different.

Kindly accept any work and appreciate it with all your heart to serve your father's land with all strength or better still kindly start any business today, because no one knows tomorrow. Instead of a contemplative dreaming to be in a flashy office, why not you start selling Firewood, Kuli Kuli, shoe polish, wheel barrow, cutting nails and other simple works. It all depend on your instinct, style and capability to grow or transform the business. Don’t be like other lazy youth who are physically and psychologically lazy.

Bill Gates, Dangote, Mark Zuckerberg and others couldn't have make it, if they waited for the Government or private employers. They believed in themselves, took the risk, the starting steps and today they are shaking the world.

Believe in yourself and your establishment more than the government or private offices. They only make you their slave, while you make yourself the master. Don't wait for the world to shake you, shake the world in your own style, start thinking of the best possible ways to make a difference!

Share this post to someone you care about

Cc Lalasticlala
Cc MissyB3
Cc Fynestboi
Cc Seun
Cc Mynd44

Source: https://www.billionairezmindset.com.ng/2019/03/dear-children-of-nobodies-must-read-for.html

1 Like

Business / How To Make Money Running A Bar Business In Nigeria by Mybussinessmind: 5:03pm On Mar 30, 2019
Bar business is a very expensive but yet lucrative and fun business to carry out. Most Nigerian men like to hang out with friends and family after a long day’s job. Some love to feel good may be after having a bad or stressful day, just to chill the nerves before heading home. 70% of Nigerian men take alcohol and they love the feeling when it’s taken with people they love so they prefer a joint where they can chill, but the problem is most of this men don’t see places of their taste where they can get satisfied at same time. I can remember staying in an area where there was no bar to hang out, then I and my friends always went very far to find a suitable spot to chill. As an average entrepreneur you would agree with me that was a very good opportunity to start up a bar business in that area.

Football is a great attraction to bars in as many football lovers, in a quest to stop distractions by either their wife, children or relatives and friends hit the bar to watch football.

Let’s go into the main business of the day..!

STARTING A BAR BUSINESS

How do you go about the bar business in Nigeria?

The Following are tips to setup a bar in Nigeria;

1. FIND A GOOD LOCATION

Getting a very good location is key to the success of every business, any business with a very nice location succeeds tremendously with minimum stress. A good location will expose the lucrative nature of bar business.

You’ll need to locate your bar in a place that’s open and near to your potential customers. A place of heavy traffic can be best because anyone can rush in and order. If you can get one on a busy junction or street, it will be good as well.

2. GET A NAME

It is important that every business has a name that distinguishes it from others. And bar isn’t an exception. Therefore, create a simple name that people will have no trouble calling. If anyone has to meet anyone in your bar, it’s an easy call.

3. APPLY FOR A BUSINESS LICENSE

Beverages are commodities taken into the body whether alcohol or soft drinks, as a result you need to get a license to back you when selling this commodities. Most state governments do not joke with this because it’s a major source of income for them.

Apply for a license in advance because it will take time before you can get it. The requirements also tend to vary from one place (state) to another, so it is important that you comply properly.

4. FURNISH YOUR BAR

Bar furnishing is an integral part of opening a bar, the level at which your bar is furnished determines the kind of customers you would attract. Here are some items used in furnishing a bar:

• Refrigerator/Freezers: You’ll need one of these for chilling those drinks because they will always ask: is it cold? Getting two large sizes might be good if you aspire to start big.


• Television: Having a television is a must to keep your customers entertained. The more relaxed they feel, the more they order.


• Stools and chairs: This is the primary equipment you need in your bar. They can be put in a round table manner and some close to the wine shelve with a steward at hand.


• Air conditioner: This is optional, not really necessary but if as a starter you can afford it then you should go for it.

· Generator: Bar activities always happen in the night, which means, you need a backup generator in case the usual thing happens, (power failure) and to keep other necessities that require electricity in their place.

you can also buy items like Bar napkins, Straws and stirrers, Glassware, Mixing glasses, Cocktail shakers and strainers, Liquor pourers, Cocktail mixes, Garnishes.


5. STOCK YOUR BAR

Depending on the type of bar you would like to operate, you’ll need to finalize your food and drink menu and start searching for reliable suppliers. Things are pretty simple if you are opening beer or a specialty (wine) bar, you just need to identify the products you will feature at your bar.


Yet, if you plan to serve liquor as well, put out some paper and start doing the inventory. You can serve other items like Nkwobi, goat meat, pork, pepper soup, chicken etc. customer prefer to drink their alcohol along with these.

6. PROVIDE ENTERTAINMENT

One thing that attracts customers to bars is the type of entertainment they get from there. Some bars provide life band performances, some employ comedians to come and entertain customers. But as an upcoming entrepreneur you can start by making sure there is a television or two which show life matches or even music videos and also movies this makes customers cool their nerves and relax. Remember the aim is to create a place which can serve as home away from home.

Many Nigerian men love football so much. You should use it as a tool to attract customers by showing live matches in all the leagues. If you do this regularly, your bar will never be empty as you will be overwhelmed by the influx of customers.

7. GET HELPING HANDS

You know who you need; you know how much you can afford to pay, now it’s time to interview some potential individuals who could handle customers and are good in public relations. This is very important because your staff behaviour to customers will determine if they will return or not. They must be very well trained on how best to serve, importance of courtesy and all forms of body language. Also, they must be trained on tolerance as many inebriated individuals tend to misbehave, hence endurance is needed because they are your customers who will surely return again and again.



8. PROVIDE SECURITY

With the way things are going in the country right now you would agree with me that a security personnel is needed in almost everything we do. Depending on the largeness of the bar you can decide to appoint two or three security personnel just in case, just in case something happens maybe a fight or any inconvenience.

9. PROMOTE YOUR BAR VIA SOCIAL MEDIA

These days, if your bar does not have a Facebook page it is basically non-existent. Make sure you have created a custom page header that fits in the style of your bar; have some cool, high-resolution pictures of the menu and interiors in the albums; opening hours and location on the map stated.

After doing all of these believe me you are on your way to being a successful entrepreneur. You have to be very creative and innovative to succeed in this business.

Cc: lalasticlala 
Mynd44

Source: https://www.billionairezmindset.com.ng/2019/02/how-to-start-and-run-barbeer-parlour.html

Education / Dear Children Of Nobodies [ A Must Read For All] by Mybussinessmind: 7:23pm On Mar 29, 2019
Dear children of Nobodies, don't be deceived by your certificate thinking you will have a flashy Job. Nigeria is equitable not equally for all of us. NNPC, NCC, NPA, CBN, FIRS and 82 other juicy places are not for you and me; except if your name is "Lucky or Destined". “We" and "Them" only have few things in common, such as identity cards, Voters Card, BVN and National Anthem, but even our schools, hospitals, all services and everything is entirely different.

Kindly accept any work and appreciate it with all your heart to serve your father's land with all strength or better still kindly start any business today, because no one knows tomorrow. Instead of a contemplative dreaming to be in a flashy office, why not you start selling Firewood, Kuli Kuli, shoe polish, wheel barrow, cutting nails and other simple works. It all depend on your instinct, style and capability to grow or transform the business. Don’t be like other lazy youth who are physically and psychologically lazy.

Bill Gates, Dangote, Mark Zuckerberg and others couldn't have make it, if they waited for the Government or private employers. They believed in themselves, took the risk, the starting steps and today they are shaking the world.

Believe in yourself and your establishment more than the government or private offices. They only make you their slave, while you make yourself the master. Don't wait for the world to shake you, shake the world in your own style, start thinking of the best possible ways to make a difference!

Share this post to someone you care about

Cc: lalasticlala 
Mynd44

Source: https://www.billionairezmindset.com.ng/2019/03/dear-children-of-nobodies-must-read-for.html

Business / 5 Money Decisions To Make In Your 20's So You Can Chill In Your 30's by Mybussinessmind: 6:25pm On Mar 28, 2019
Everybody wants to be rich, everyone wants to be successful, everyone wants to live a stress free life, but only few knows the rules and principles of living a successful life. People always say, your friends will make or mar you but I believes your decisions make or mar you, the decisions you make today determines where you will be tomorrow, just as what you decided yesterday has made you what you are today. Every decision you take either takes you closer to your goal or farther from it, so be careful when making your decisions. Your 20’s is the period between 20-29 years of your life. At this period, most individuals tend to live a carefree life, some make money at this stage but blow it without any second thought. The main purpose of this post is to highlight those decisions to be taken so as to live a good life in your 30’s.

These decisions are;



1. LEARN TO BUDGET

A budget is simply a summary of intended expenditures along with proposals for how to meet them. It is a sum of money allocated for a particular purpose. Every sensible individual should have a budget for each sum of money they have. Budget enables you to know what to spend on and when. Every country of the world has a budget which regulates its expenditures, this prevents it from spending on unnecessary items. This also applies to individuals. Budget prevents unnecessary expenditures which in turn promotes savings. So learn to budget, learn to draw a line between your wants and needs.



2. LIVE ACCORDING TO YOUR PACE

When we talk about living according to your pace here, we mean live according to your means in other words cut your coat according to the size of your cloth. Most individuals tend to live a flashy life even when they do not have the means. Some live above their income thereby borrowing to finance their fake lives. Do not let other people’s expectations influence your spending habits. Do not spend to impress unless you have the means. This decisions would definitely pay off in the long run and it would save you a lot of embarrassment, it also discourages savings.



“Don’t live a champagne life on a coke income. Buy your coke, shake it well it will still foam”


3. PLAN FOR EMERGENCIES

One of the reason people save is for unforeseen contingencies. Life is full of risks, infact living itself is risky. Anything can happen at any point in time. A song writer said “we hoping for the best but expecting the worst”. This is the life of every successful person, they know definitely at some point, something which will take a lot of money might come up, so they plan ahead. They prepare for whatever it would be, so when it comes they won’t be thrown off balance. Saving is a way of planning for emergencies. Insurance is also another way. Insuring your business, valuables and what have you. An emergency fund is generally 4-6 months of living expenses that would come in handy in case of any emergency. It is always said he who fails to plan, plan to fail.


4. DEFINE YOUR SHORT AND LONG TERM GOALS

A friend of mine came into my room one day, read a list of my long term goals on the wall and laughed out loud. I looked at him and smiled, I wasn’t smiling because anything was funny, I was only smiling at his ignorance. A long term goal is something you want to accomplish in the future. Long term goals require planning and time. Long term goals take several years. It is something which will take you long period of time to accomplish. A short term goal on the other hand is something you want to accomplish soon, something you want to accomplish in the near future {today, this week, this month or even this year}. Where do you want to be in the next one, three, ten, fifteen years. Make a plan for it and follow this plan. You can make plans on owning properties like cars, houses, lands etc.

5. INVEST

Your future as an individual or as an entrepreneur is more secured if you invest. As earlier stated, most individuals have at least some amount of money considered as free {nothing useful to spend it on}. This is the period to invest on something meaningful, may be a business or other profitable ventures. You can invest in the stock exchange, purchase shares of successful companies or join funds with your friends to start up a business.

Follow these piece of advice and live your 30’s care free.



Source: https://www.billionairezmindset.com.ng/2019/02/5-money-decisions-to-make-in-your-20s.html

47 Likes 18 Shares

Business / How To Start And Run A Successful Hair Salon Business In Nigeria {simple Guide} by Mybussinessmind: 3:47pm On Mar 27, 2019
Looking good they say is good business, whether you are the one looking good or you are the one making others look good. When people look in the mirror, it is because they want to check out how they look and of course, they’d want the image in the mirror to be attractive. Women are ready to go the extra miles just to look attractive in the eyes of men and even to compete with their fellow women and make them envious.

The hair is one of the major parts of the body that can either bring out ones beauty or hide it, hence a lot of women are very particular about what hairstyle they make and how well it is made. This is where the hair salon business comes in.

There practically no one that does not patronize the salon, making salon business good business and because everyone loves looking good it sends a positive signal as to how lucrative it is to venture into the business of salon.

The major advantage of this business over most other businesses is that it can be started anywhere, be it in your living room, at the corner of your compound or a small rented space provided the place is very neat and well kept. A dirty environment is not ideal for this kind of business.

STARTING A SALON BUSINESS

The large number of hairdressers tells how relatively easy it is to open a salon. Just look at any street in your city and you are bound to spot hairdressers shops. But, what does it take to start this business?

Hair salon is quite easy to start but it’s very vital that you make some research just to help you in making sure the salon doesn’t fail in a couple of years.

Things to Consider before venturing into hair salon business.

1. Do you have the required skills and knowledge to run a salon business?

2. Do you want to have a paid staff or you want to run the salon business yourself?

3. If you want to have paid staffs run the salon for you, do you have enough knowledge about the business to know if they are doing a great job with your customers?

4. What social class of people are you willing to service?

THE FOLLOWING ARE PRACTICAL STEPS/TIPS TO SETUP A SALON BUSINESS

1. ACQUIRE MUCH KNOWLEDGE ABOUT THE HAIR SALON BUSINESS

In any business, knowledge is not just power but also a very strong competitive advantage. To succeed as a hair stylist you must know everything that needs to be known about the salon business.

* You must know about the women’s hair.

* You must know a little about beauty care.

* You must also be well informed about fashion in general.

* You must know how to run a hair salon business. Etc.

2. GET ADEQUATE TRAINING IF YOU HAVE NONE

You don’t just delve into a sea without first checking the waters. My dear it’s very risky. You cannot rush into hair saloon business all in the name of becoming self-reliant, you only get yourself into a bigger problem because if you give a not too satisfactory service to a customer, you are bound to be shouted on, yelled at or given a dirty fight (you know how some ladies can be so naughty).

The salon business is one business that required a lot of skills, visit two or three salons in your city and see how it is set up generally. Learn different styles in vogue. Ask helpful questions, the greatest thing about the skill acquired for the sake of running a salon is that your artistry is been seen all day long till the customer in question undo the hair. Your work speaks for you even when you are not there and do a lot of marketing for you. People will pay for your skill and they will pay well if they know they will get the best.

3. GET START UP CAPITAL

Your capital depend on how big you intend to start, the kind of equipment you want to start with, where you want your business location to be, how you want your salon to look like. As I said earlier it is a business that can be started on a small scale (even at the four corners of your room). Try and raise little capital to start small if you don’t have the fund for a bigger size.

4. SEEK THE MOST PROFITABLE LOCATION FOR YOUR SALON

Having the right location for your salon business can make or break your success in business. A good location has the visibility and accessibility to attract a high volume of customers. Your location should reflect your target market. If your target is high income clients, head for a high income area. If you plan to open a high volume operation, you will need to locate your salon in a high traffic area.

It is advisable not to situate your salon directly next to another salon, you will probably cancel each other out. Try to stake out a place where you will be the only salon for a few blocks. Don’t be in a hurry to get a location. Take your time and get the best deal for your money.

5. SPACE

The particular spot to start your business is another interesting area to think deeply on. Though, hairdressing salon are mostly found at rented shops, you can actually start yours in your room or at the corner of your compound if you don’t have enough money to rent a shop. If your room is not big or accessible enough, you can look for any available shed in your area and start from there. I’ve seen lots of hairdressers today who began from home. All they did was to make a sign post and the rest became history.


6. PURCHASE THE NECESSARY EQUIPMENTS

Hair salon business is very lucrative if you have the necessary equipment to give optimal service to your clients. Whether you are operating from home or from a shed or in a big rented shop, you need equipment to start operation. From your training, you’ll be able to know the most important ones to begin with, then gradually buy the rest.

One thing you don’t want to do is spending money twice on the same thing within a short time so you have to purchase quality equipment from known makers.


Below are some of the necessary equipment to run a successful hair salon business

· Wash hair basin

· Standing dryer

· Steamers

· Mirrors

· Combs

· Brushes

· Trimming scissors

· Curling iron

· Hair straightener

· Rollers

· Carts and trolleys

· Fan/air conditioner

· Shampoos and conditioners

· Comfortable chairs

· Towels and towel warmers

· Table with drawers

· Generator for standby power

· Air conditioners (If you can afford one]

· Flat screen TV and a satellite decoder (if you can afford it)

· Relaxer

· Nail accessories

· Scissors. Etc.

The services you decide to render will determine what equipment to buy.

7. EMPLOY PROFESSIONAL AND SKILFUL PERSONNEL

If your goal is to become a successful hair stylist and big business owner, then you are going to need extra talented hands. The beauticians you must hire must be skilled and experienced because their ability and talent as well as their attitude and work ethic will influence every aspect of your business, from client retention rate to the bottom line.

You should also organise training classes on a regular basis to improve your employee’s product knowledge and skills. It is extremely important as well to keep your staff motivated by offering them some benefit package which includes health and vacation benefits, payment for extended hours and many more.

The employees needed for day to day running of a salon business include a hair stylists/cosmetologists, braiders, salon/shampoo assistants, a receptionist, a customer service officer/marketer and cleaners. Etc.

8. GET A COMPLIMENTARY CARD

You need to have a professional looking business card, with your contact details and business address clearly printed. Issuing a complimentary card to your potential client is a good way to help them patronize your service. You never can tell who else might get in contact with your card. One card can get to more than one individual.

9. DO ADEQUATE PUBLICITY

Make sure people around you know this is what you do, tell a friend to tell a friend to tell a friend. But don’t totally rely on words of mouth or referral systems. Go online and get some advert going for your business. Take pictures, make short videos of the skill you have and post them online (Facebook, whatsapp and many more)

10. PRICING

As you go about your business, make sure you don’t over charge you customers. Moderate pricing ensures continuous patronage and sustainable venture. The real money comes from rendering good services at affordable prices that will make the customers come back again and again.

HOW TO EARN EXTRA INCOME FROM YOUR HAIR SALON BUSINESS

Source: https://www.billionairezmindset.com.ng/2019/03/how-to-start-and-run-hair-salon.html

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Business / How To Start A Lucrative Phone Maintenance/repair Business In Nigeria by Mybussinessmind: 6:27pm On Mar 26, 2019
The introduction of affordable GSM phone lines into Nigeria, undoubtedly has brought lots of economic benefits to the ordinary people on the street.
The usage of GSM phones has indeed open up many income generation opportunities for Nigerians through printing of recharge cards, sales of recharge cards, Phone charging, bulk SMS business, phone call business, sale and repairs of handsets.

An average Nigerian mobile phone user owns 2-3 devices: one “odeshi” all-purpose torchlight phone, a smart phone for chatting, taking selfies, snapchat and “setting p” on Instagram, and a status tablet for good measure. Whenever these portable mobile devices develop a broken screen, a bad charging port, software issues or other faults, users have to search for honest and reliable phone technicians to rectify faults.
You can truly make cool money from GSM phone maintenance/repair business because the opportunities and markets are there. Remember, there are so many GSM handset users living even in your street that may be looking for the services of a reliable and honest GSM technician to diagnose and rectify faults on their mobile phones.


This is a wonderful opportunity to delve into people’s ignorance. I once gave N500 to a phone repairer. And for what? Cleaning my phone panel with methylated spirit. The annoying thing is that I have cotton wool and spirit at home. I must tell you, there are many people like me in Nigeria who carries cell phones around and no little about it. Learn phone repairs and make a fortune.
With GSM phone repair business you can make between N7, 000 - N10, 000 in a day and between N100, 000 - N150, 000 in a month. Isn’t that a good small scale business?

HOW TO START PHONE REPAIR BUSINESS IN NIGERIA.
Starting a mobile phone repair business can be a lucrative venture, especially as the start-up fund required is relatively low, and information is readily available. The template is very simple, we have compiled some practical steps and tips to follow. Here are they:
1. GO FOR TRAINING

There are several ways to learn to repair mobile phones. To acquire basic knowledge for GSM handset repair you will need to go to experts to get it. There are many GSM handset repairers in Computer Village, Ikeja, or Farm Centre in Kano, so if you reside in Lagos or Kano you can go there to perfect your skills.
Best of all, you can learn for FREE, as long as you have a reliable internet connection. There are hours and hours of phone repair videos on Youtube, and you can also download repair manuals on ifixit. All you need to do is to buy faulty phones, dead or alive, practice your newly acquired skills on bringing them to life and sell them off again once fixed.

2. GET ADEQUATE START UP CAPITAL
Start with what you have. Many people are discouraged from starting their own business because they think they need huge capital to start. Setting up your own GSM repair business does not require huge start-up fund and you may not need to rent a shop to start, you can do it right at home. With N20, 000 or less you can start a small scale phone repair business. The most important thing is to have the required skills and training.


3. GET A SPACE. [LOCATION]
Depending on your budget, you can rent a shop or perhaps start from home, whichever one you prefer. But as you grow and get positive responses, you’ll need to get a shop to make this business a mega venture. When getting a space, make sure it’s an open busy place where potential customers can easily see you to get their phones repaired.

4. WORKSTATION
You will need to have a well prepared desk to work, preferably with drawers if you work from a shop, with a filing system in place for keeping customers property.
5. PURCHASE THE NECESSARY TOOLS


Having the right tools is an integral part of running this business. You can get a cell phone repair kits for as little as #3,000. These are some of the required tools:
1. Screw driver
2. Tweezers
3. Soldering iron
4. Battery tester
5. LCD tester
6. Multimeter
7. Magnifying lamp
8. Adhesive tape
9. Cleaning brush etc.

POTENTIAL PROFIT OF PHONE REPAIR BUSINESS

Cc: lalasticlala 
Mynd44

Source: https://www.billionairezmindset.com.ng/2019/03/how-to-start-profitable-phone-repair.html

1 Like

Business / How To Start A Lucrative Phone Maintenance/repair Business In Nigeria by Mybussinessmind: 5:45pm On Mar 26, 2019
HOW TO START A PROFITABLE PHONE REPAIR BUSINESS IN NIGERIA

By Billionairezmindset


The introduction of affordable GSM phone lines into Nigeria, undoubtedly has brought lots of economic benefits to the ordinary people on the street.
The usage of GSM phones has indeed open up many income generation opportunities for Nigerians through printing of recharge cards, sales of recharge cards, Phone charging, bulk SMS business, phone call business, sale and repairs of handsets.

An average Nigerian mobile phone user owns 2-3 devices: one “odeshi” all-purpose torchlight phone, a smart phone for chatting, taking selfies, snapchat and “setting p” on Instagram, and a status tablet for good measure. Whenever these portable mobile devices develop a broken screen, a bad charging port, software issues or other faults, users have to search for honest and reliable phone technicians to rectify faults.
You can truly make cool money from GSM phone maintenance/repair business because the opportunities and markets are there. Remember, there are so many GSM handset users living even in your street that may be looking for the services of a reliable and honest GSM technician to diagnose and rectify faults on their mobile phones.


This is a wonderful opportunity to delve into people’s ignorance. I once gave N500 to a phone repairer. And for what? Cleaning my phone panel with methylated spirit. The annoying thing is that I have cotton wool and spirit at home. I must tell you, there are many people like me in Nigeria who carries cell phones around and no little about it. Learn phone repairs and make a fortune.
With GSM phone repair business you can make between N7, 000 - N10, 000 in a day and between N100, 000 - N150, 000 in a month. Isn’t that a good small scale business?

HOW TO START PHONE REPAIR BUSINESS IN NIGERIA.
Starting a mobile phone repair business can be a lucrative venture, especially as the start-up fund required is relatively low, and information is readily available. The template is very simple, we have compiled some practical steps and tips to follow. Here are they:
1. GO FOR TRAINING

There are several ways to learn to repair mobile phones. To acquire basic knowledge for GSM handset repair you will need to go to experts to get it. There are many GSM handset repairers in Computer Village, Ikeja, or Farm Centre in Kano, so if you reside in Lagos or Kano you can go there to perfect your skills.
Best of all, you can learn for FREE, as long as you have a reliable internet connection. There are hours and hours of phone repair videos on Youtube, and you can also download repair manuals on ifixit. All you need to do is to buy faulty phones, dead or alive, practice your newly acquired skills on bringing them to life and sell them off again once fixed.

2. GET ADEQUATE START UP CAPITAL
Start with what you have. Many people are discouraged from starting their own business because they think they need huge capital to start. Setting up your own GSM repair business does not require huge start-up fund and you may not need to rent a shop to start, you can do it right at home. With N20, 000 or less you can start a small scale phone repair business. The most important thing is to have the required skills and training.


3. GET A SPACE. [LOCATION]
Depending on your budget, you can rent a shop or perhaps start from home, whichever one you prefer. But as you grow and get positive responses, you’ll need to get a shop to make this business a mega venture. When getting a space, make sure it’s an open busy place where potential customers can easily see you to get their phones repaired.

4. WORKSTATION
You will need to have a well prepared desk to work, preferably with drawers if you work from a shop, with a filing system in place for keeping customers property.
5. PURCHASE THE NECESSARY TOOLS


Having the right tools is an integral part of running this business. You can get a cell phone repair kits for as little as #3,000. These are some of the required tools:
1. Screw driver
2. Tweezers
3. Soldering iron
4. Battery tester
5. LCD tester
6. Multimeter
7. Magnifying lamp
8. Adhesive tape
9. Cleaning brush etc.

POTENTIAL PROFIT OF PHONE REPAIR BUSINESS

Source: https://www.billionairezmindset.com.ng/2019/03/how-to-start-profitable-phone-repair.html

8 Likes 1 Share

Business / How To Make Money Running A Football Viewing Center In Nigeria by Mybussinessmind: 3:30pm On Mar 25, 2019
A lot of people wonder, why some football viewing centers are always filled with people, is it that they cannot afford to buy a cable TV and watch in the comfort of their homes? The answer is that over 60% can watch those live matches live inside their living room but prefer to watch it at a viewing center because it is much more fun and enjoyable.

Infact when it comes to watching live football match, some Nigerians are ready to spend their last cash.

During the weekends, there are always a lot of matches, there are also midweek matches, although not every week. The cost of viewing a match in most places in Nigeria is low, most times its N100. Imagine if you start this business and your viewing centre is sufficiently spacious enough to accommodate 100 people, you will stand to make roughly N10, 000 per match.

In situations where there are matches at various time, say; Arsenal vs. Chelsea 1 pm, Man united vs. Liverpool 4 pm, Barcelona vs. Real Madrid 9 pm. That will mean a sum of N10, 000 multiply by 3 = N 30,000 on a single day. Isn’t that a good small scale business?

Now let's get down to business

STARTING A FOOTBALL VIEWING CENTER
How do you go about Starting a football viewing center in Nigeria? It is simple, we have compiled some practical steps and tips to follow. Here are they:

1. FIND A SUITABLE LOCATION
The talk about getting a good location is basically no news when starting a business. Because it’s a must for most business if not all.
Get a decent and well-spaced area for your viewing centre .It could be a shop or a field. If it’s an open space like a football field, you may have to get a carpenter to make a shed by making use of zinc and ensure that the structure is wide enough to contain a good number of people (say 100 to 500 sitting capacity).


Note: Capacity is a key success factor in the football viewing center business. The more people you viewing center can accommodate the more money you will make.

2. CONSTRUCT OR GO FOR CONFORTABLE CHAIRS
If you have a low start-up capital, what you need to do is to get wooden seats. This will minimize start-up cost and will be able to accommodate a significantly large number of individuals. But if you have enough capital, you can opt for single plastic chairs as they are more comfortable.



3. MAKE PROVISION FOR PROPER VENTILATION
You must ensure that your viewing center is properly ventilated; so as to make your customers feel comfortable. If they don’t feel comfortable watching football matches in your viewing center, then there’s a high chance they will patronize your competitors. I guess you don’t want that. You should provide fans (standing or ceiling) to enable a cooler atmosphere.

4. PURCHASE A GOOD TELEVISION SETS
I would recommend two or three – big – flat screen – coloured televisions with good graphics (HD). A new television with good sound and graphics makes the match more enjoyable. But if you’re working on a tighter budget, you can actually get fairly used televisions with the above qualities.


Multiple TVs enable you to give viewers the opportunity to watch any match of their choice when there are different matches going on at the same time.

5. PURCHASE DSTV DECODERS
DSTV decoder is the best to purchase as they have right to cover most popular matches all over the world.



6. GET APPROPRIATE SUBSCRIPTION PLAN(S)
DSTV has the right to cover directly the majority of football competitions such as:
1. UEFA champions league
2. Spanish La Liga
3. English Premiership
4. Italian Seria A
5. French Ligue 1 and so on.

To be able to watch all these competitions, you need to subscribe to the premium DSTV plan.

7. PURCHASE A STANDBY GENERATOR
Because of the epileptic power supply in Nigeria, you must have a standby generator in other to smoothly run this business. Football matches are always interesting that viewers are glued to their TV sets during the 90 minutes of the match. As a result, viewers would always be attracted to a viewing center that guarantees them uninterrupted power supply especially within the 90 minutes of the match. This can only be achieved by having a standby generator.



8. UPS
This is used to keep the decoder running in case of power outage. That way, you can easily switch to generator or public power without having to reboot the decoder all over again.

9. GET A WRITING BOARD
Writing boards publicize your viewing center and this will enable you to notify customers of the date and time of coming matches.



10. PRINT TICKETS
Get a printed ticket to identifying paying customers. The ticket is a small piece of receipt to certify that a certain customer has paid for the service to be rendered.



HOW TO EARN EXTRA INCOME FROM YOUR FOOTBALL VIEWING CENTER

1. SALE OF FOOD AND DRINKS
Another way to earn from this business is to sell food, snacks, drinks, etc. As people watch their favourite team play, they love to wash it down with snacks and cold drink. Most individuals usually come with a friend, girlfriend or relative. Not selling most of these is like hindering the full potential of your business.

2. BETTING
One of the reason why most people watch football is to know whether the game they played entered or not, that’s is, whether they won or lose. You can set up an account with betting companies like Bet9ja, Bet360, NairaBet etc. so that people can come and buck for games.

3. INCORPORATE GAMES CENTER
Matches do not go on every day. They go on at regular during Local Leagues, World cup, Nations Cups and European Football Leagues. Whenever there’s no match, the center can be converted to a gaming center where game fanatics can come and compete with each other, most especially PES. This will earn you additional revenue.

4. SALE OF RECHARGE CARDS


Source: https://www.billionairezmindset.com.ng/2019/02/how-to-make-money-starting-football.html

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Business / How To Start Egg Distribution/supply Business In Nigeria by Mybussinessmind: 4:51pm On Mar 19, 2019
In Nigeria, poultry business is an immensely profitable one for any entrepreneur to venture into. But while growing chickens can be a very lucrative investment, venturing into the distribution and supply of eggs to buyers is a lucrative segment of the poultry business for anyone to start up a profitable enterprise in.

A lot of people do not believe that there is very huge business opportunity in connecting egg buyers and egg sellers. Many poultry farmers who produce eggs on their farms do not have much time to market in a bid to reach out to potential buyers because of the task of managing the farm. This burden is taken off by egg distributors who come into poultry farms to purchase crates of eggs at reduced price and sell to market men and women (who retails to end consumers) at a profit.

Eggs are largely consumed by a wide range of people and organisations in Nigeria ranging from restaurants, hotels, boarding schools, events, families, and individuals. It is even more interesting to know that in the production of most confectioneries, eggs are used in the manufacturing process, and as such, their demand and usage in Nigeria remains astronomical.

Let’s go into the main business of the day..!

STARTING THE EGG SUPPLY BUSINESS

How do you go about the eggs supply business in Nigeria? It is simple, we have compiled some practical steps to follow. Here are they:

STEP ONE. IDENTIFY YOUR TARGET MARKET
The truth is sourcing for eggs is not a problem. You may even have your own poultry where you pick eggs from. However, what is very important is to identify/locate your target market. Who are you selling to? Or who is buying from you?

As long as egg is concerned, its target market is very large and demand is always on the increase. The good thing is, there are so many outlets where you can market your product (eggs). Places like restaurants, hotels, school hostels, canteens, baking factories, boarding schools, open markets etc. Meet them one on one and offer to be their egg supplier with mouth-watering benefits attached.

Once you have an agreement with the places listed above, all you need to do is to supply them anytime they order. Knowing when next your customers will need a supply is something you must also enquire. That will keep you busy into meeting demand.

STEP TWO: SOURCE FOR A RELIABLE POULTRY FARM THAT PRODUCES LARGE EGG VOLUMES
Having located a potential market for your eggs business, the next step is to identify at least two or three farms to pick up eggs for sale. A proper survey and investigation might be needed here so as to find a farm that is consistent and reliable. You should look for farms that can give you the eggs at very affordable, reasonable and competitive prices.

The price of medium size eggs ranges from N600 to N650 per crate. Extra-large goes for N700 to N750 per crate. Other factors you might need to put into consideration before making decision are size of the eggs, colour (Brown or White), distance to market and means of transporting the eggs.



STEP THREE: RAISE ADEQUATE START-UP CAPITAL
One of the advantage of this business is that it doesn’t require much start-up capital. Although some farms may give you certain amount of crates of eggs on credit after you have been tested over time, nevertheless you will need to have your capital with you when starting egg distribution business. Your start-up capital will be used in the initial purchase of eggs from the poultry farm, purchase of crates and if possible an egg delivery van.

STEP FOUR: GET AN EGG DELIVERY VAN
Most retailers prefer distributors who would help to convey their goods (eggs) to their shop. This is because most of them are afraid of recording a high number of cracked eggs during transportation of the egg from the distributors warehouse to their shop.

Rather than having a point of sale where buyers come to purchase the eggs, it is more profitable if you make it mobile by taking it to the doorsteps of customers who buy it in large quantities. If you can afford to get a delivery van, then go ahead. If you do not have a personal van or truck, you can hire one for a start. Asides careful driving, compact arrangement of egg crates will minimize the amount of cracks.



STEP FIVE: SETUP A STORAGE FACILITY (WAREHOUSE)
Demand for eggs fluctuates. Sometimes you end up purchasing more eggs than is eventually sold. There comes the need for an egg storage facility. You’ll need to get a shop in a strategic market place where it will be easily accessible for your customer as this will give your egg marketing business the needed exposure.


STEP SIX: PURCHASE OTHER WORKING TOOLS (CRATES)
This can be paper or plastic crates. It is advisable to purchase the paper crates because it is more protective and reduced the number of cracks from egg transportation. Paper crates are also cheaper than plastic crates. It, however, gets damaged quickly than plastic ones. The total number of the crates you'll need however depends on the volume or quantity of eggs you are distributing to your customers.



STEP SEVEN: GET A COMPLIMENTARY CARD
You need to have a professional looking business card, with your contact details and address clearly printed. Issuing a complimentary card to your potential customers is a good way to help them patronize your product. You never can tell who else might get in contact with your card. One card can get to more than one individuals.

STEP EIGHT: HIRE EMPLOYEES
You cannot be the one driving and at the same picking up eggs from the farms, supplying eggs to the customers and all other things involved. You will need to employ one or two persons to help you out which leaves you to do much of supervision. This will inject efficiency to your work and ensure quick delivery of eggs to customers.

COST OF STARTING THIS BUSINESS
About 80% or more of your capital will be used to acquire an egg delivery van. Once you get that out-of-the-way, then getting the eggs with N70, 000 will be reasonable. As you go, you grow bigger into the egg supply business thereby realizing your start-up capital within a short period. No matter how small your finance is, you can start-up something. We believe in start small and end big.

share this post to someone you care about because you will be giving such person what money cannot buy.

Wish you all the best in your business career.


https://www.billionairezmindset.com.ng/2019/02/how-to-start-egg-distributionsupply.html

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Business / How To Start A Professional Laundry/dry Cleaning Business In Nigeria by Mybussinessmind: 2:14pm On Mar 18, 2019
Over 200 Million Nigerians wear clothes daily, irrespective of age. 80 percent of this large population are very busy persons; some business persons, some in Government, some Students, some in Civil service, and some are naturally ajebutters.
These persons do not have time to do their own laundry. Cooking, taking care of the kids, and going to work is enough to occupy the whole time.

On the weekends when they’re finally supposed to have enough time to do their laundry, they only end up cleaning their homes, watch movies and heading out to chill with friends and relatives, while just a few really take out time to wash their dirty clothes. This large group of lazy/busy individuals in Nigeria, Africa, and every other place around the world have made the laundry/dry cleaning service business a lucrative one to venture into, since the market is always available.

You will have to agree with me that the task of washing, rinsing, drying, and ironing clothes is very tedious and time consuming that even the average house wife would consider buying a machine for this purpose. In Nigeria, the poverty level at the moment and the poor power supply rate, most homes will not be able to afford a washing machine.



STARTING A DRY CLEANING/LAUNDRY BUSINESS IN NIGERIA
Almost everyone loves the feeling of putting on neatly washed and ironed clothes, but are mostly too lazy/busy to do their laundry. This leaves an opportunity begging, who will do their laundry?
This has opened a door to several laundry/dry cleaning businesses springing up, especially in Nigeria and Africa at large.
This post on Laundry/Dry cleaning business in Nigeria is going to be a very comprehensive one, so you need to be patient when going through or you could bookmark the page so you could read up at intervals if you cannot read it all at once.
THE FOLLOWING ARE PRACTICAL STEPS/TIPS TO SETUP A LAUNDRY/DRY CLEANING BUSINESS

1. TAKE SOME LAUNDRY AND DRY CLEANING COURSES
A lot people just want to start a laundry/dry cleaning business and make quick cash without considering that laundry business is beyond just washing of clothing. Before you set out to do all the other requirement listed below, it is necessary to take some laundry/dry cleaning courses.
Attach yourself to an existing laundry/dry cleaning service provider for a short while. This will help you to gather valuable skills and information regarding the way to run your business.
You are expected to learn the following:
The different equipment and how they are operated
How to wash different type of fabrics
The chemicals and soaps for washing different fabrics
The best temperature to iron different fabrics
How to fold and package different fabrics
The minimum staff strength to run a successful laundry/dry cleaning business
The day-to-day operations involved in running a laundry/dry cleaning business.


2. FIND A SUITABLE LOCATION
For a laundry/dry cleaning business to succeed, it must be sited in a good location. Except you intend to operate your laundry/dry cleaning service business from home, your business location shouldn’t be handled like a pinch of salt.

Below are three (3) places where you can locate your business;
1. Around a residential area, probably close to the gate of an estate, so people driving in or out can see your business and patronize your service.

2. Beside a road motorists ply a lot, with a bold sign board advertising your service, your client base would grow quicker than that of a dry cleaner in a quiet neighbourhood.

3. Close to a relaxation spots or offices. The regular influx of people to such area will make them notice your business, and in turn, patronize your service.

However, it is not advisable to open your business close to a competitor unless you notice such competitor has low patronage or you feel you have a competitive advantage.


3. REGISTER YOUR BUSINESS AND OBTAIN THE NECESSARY PERMITS
Except you intend to operate your laundry/dry cleaning service business from home or start on a very small scale, you will need to register your business and obtain the necessary permits.
Register your desired business name with the corporate affairs commission {CAC}, the name your business will be known for. There are several guidelines to registering a dry cleaning/laundry business in several part of the world. In some country like USA, it can be quite a strict and rigid process, however in most African countries especially Nigeria, there are no strict conditions. It is necessary to find out the requirements in your region and ensure you abide by them to avoid unnecessary embarrassment and obstacles to your business.

4. PURCHASE THE BASIC EQUIPMENT YOU NEED TO START THIS BUSINESS
Getting a good location to setup your laundry/dry cleaning business is one thing, having the necessary equipment to provide optimal service is another. After you have secured a good place to start up, the next important step is getting the equipment and materials necessary to give your customers optimal service. Some of these include:

a. WASHING MACHINE
A washing machine is a device that is used to wash laundry. It makes the job easier, faster and more reliable. I strongly advice that you purchase a 14KG top loader washing machine. The machine can take and wash up to 40 clothes at once.
It would be worthy to note that not all clothes are thrown into the washing machine, which is why you need a professional laundry man to help in doing the separations in order to avoid damaging customer’s clothes.



b. GOOD PRESSING IRON
For the sake of efficiency, invest in quality pressing iron and don’t forget you are handling people’s fabrics. Inefficient Iron could cause more trouble than gain by raking havoc on your customer’s cloths. Go for brand new, high quality Iron from known makers.

You need two pressing irons, a dry iron and steam iron. The dry iron is used for normal shirts while the steam iron is used for suits, wedding gowns, dinner gowns, and some other special fabrics.



c. WIDE IRONING TABLE
This is used to press the cloths after they have been dried. It is very important for your table to be wide enough, at least to give enough pressing space and convenience as you will be handling large quantity of ironing. Do not use small table that will make your work inconvenient and eventually cause you some damages.

d. BIG WASHING BASIN
You will need many of this to soak different colours and different type of materials separately to avoid some clothes spilling colour on others. Be careful how you handle people’s fabrics so that you don’t go about paying for damages rather than making profits. Soak Jeans separately from other materials, soak whites cloths separate, and other colours too. Do not mix colours!

The Basins are also used temporarily for storing water used for washing. It’s recommended you get at least 5 big bowels.



e. LAUNDRY DETERGENT
Cleaning is technology, you need to master it with all sense of seriousness. Good cleaning detergent will go a long way to assist you in making thorough cleaning, and that in turn will bring more customers. Do not go for just any washing soap or detergent, find out which detergents are best used by dry cleaners so you can make the right choice. You do not want to be liable for spoiling a customer clothes as a result of using the wrong detergent.



f. STAIN REMOVAL CHEMICALS.
There are different chemicals for removing cloth stain, Perclum (used for dry-cleaning suits), Ink removal, rust removal, mucor removal, oil removal and the likes. You can get these chemicals from the market close by.



g. A STANDBY GENERATOR.
A very serious business person won't joke with this.
You know the situation of power supply in Nigeria these days, except if things changes tomorrow. If not, you will need a standby power generating set for the job. It is expected that you acquire a generator that can carry all your equipment and machines conveniently to avoid disappointing your customers.


h. PACKAGING NYLONS
The most importance service of the laundry business is good ironing and packaging. Someone can wash clothes with 100% stains free, ironing 100% but packaging 0%.
How will the customers feel? Happy or sad? You should be more refined in delivering your customers’ clothes, proper packaging is one of the ways to keep customers. If you can, customize the nylons.
There are two types of laundry nylon, the first is for folded clothes example are collar Shirts, trousers, while the second is for unfolded clothes like suit and jacket.

I. DRYER
Dryer is used for urgent service and in the next thirty minutes the cloth is dry and ready for ironing. You can acquire it if you have the finance.



j. PEGS.
This is used for pinning the clothes to the ropes that are tied to the external hangers. As small as it is, it is very important.


k. ROPE
Used for spreading clothes. The distance between both poles would determine the length of ropes to be purchased.



l. SPRAYING CAN
Spraying can is used by filling with water and spray on cloth when ironing for easy smoothing.


m. CLOTH HANGERS

This is used for hanging already washed clothes or pressed fabrics. There are some clothes that cannot be folded, for example a suit, wedding gown etc. you need to get hangers for these.
You can get this at any market close by. It is the normal hangers we use in our wardrobes.


n. CHAIRS
At least for a start, you will need 3-4 plastic chairs, one for the front desk, one for you and the last for any visitor who wishes to grab a seat for him or herself.


o. TABLE
A good potable table is required with locker attached to it for storing safe items and maybe keep items out of the reach of customer’s sight.
p. WASTE BASKET
As the name implies, it is used for storing waste items and must be disposed off daily.


q. MULTIPLE EXTENSION SOCKET
This is needed for plugging the pressing irons and other electronic gadgets.


r. WASHING TABLE AND CHAIR
For clothes that require hand washing, the washer man needs either a washing table for placing his washing materials like buckets on it for convenience sake. Not all can bend for so long. Or you could construct a chair for those who wish to sit down while doing their washing.

s. CLOTHES BASKET
This is needed for storing customer’s clothes already tagged and ready for washing. You can get it at any local market close by


OTHER NECESSARY EQUIPMENTS INCLUDES;
Tagging gun
tagging pin
tagging paper
external hanger
Broom/packer and mopping stick
Ceiling fan
a water storage or tank
wooden shelves
buckets
towels/table cloths


Renting a shop should be the last project when starting up a Dry-cleaning/Laundry business in order to avoid the rent already counting when you are yet to start.

5. GET HELPING HANDS
You cannot be the one washing, ironing, and at the same time packaging customers clothes. You need to employ one or two persons to help you out which leaves you to do much of supervision. This will inject efficiency to your work and ensure quick delivery of clothes to customers
6. PROMOTE YOUR LAUNDRY/DRY CLEANING SERVICE
After you’ve fully setup your business, you can proceed to promote it to attract customers by doing some of the following:
1. Putting up a large banner outside your shop.

Place a banner at the exact spot of your shop showing the location, you could place it at bus stops not too far from your office.

2. Sharing flyers in the surrounding neighbourhoods.
For a starter of this business, it is advised you share fliers concerning your Laundry/Dry-cleaning service with your phone number and business address clearly printed.

3. Promoting your business during social events organised in your locality.

4. Branding a vehicle to be used in a pick-up & drop-off service.



5. Visit offices, workplaces, corporate organizations and let them know the type of services you offer.

6. Brand your Finished Products – Have a branded packaging for every finished work you are about to deliver to your customer. Chances are that a potential customer will pick up the packaging after it has been discarded.

7. Promoting the business via social media (Facebook, Twitter,
Whatsapp etc).

8. Bonus Services: Offering bonus services is one sure way to boost patronage to your business. Since most people like bonuses (including those who can afford to pay for the services without batting an eyelid), you could offer to wash and iron two clothes for free for every dozen of clothes a customer brings in and pay for.

9. Offer Discounts: Another method of advertising that could help grow your laundry business is offering discounts from time to time. Customers will flock to your business when they know they are likely to pay less for your services. You can start with a little discount when starting your business and increase it as your business begins to grow.

10. Move Around – Have marketers that move around neighbourhoods asking people if they need laundry services.

11. Offer unique Services – Look at what your competitors are doing and what they are not doing, and improve on what they are not doing, while doing what they are not doing.

12. Print Handbills and Business Cards – You never may know where it will get to.

13. Go the extra mile in your customer service.
Know your customers – If possible, remember their birthdays and message them. They will feel loved and will love your business.

Note: As you go about your business, make sure you don’t over charge you customers. Moderate pricing ensures continuous patronage and sustainable venture. The real money comes from rendering good laundry services at affordable prices that will make the customers come back again and again.



HERE ARE SOME TIPS THAT WILL HELP YOU RETAIN YOUR CUSTOMERS
Don’t ever get customers clothes mixed up
Home delivery – Offer to pick up dirty fabrics and return finished ones
Don’t fail to deliver before deadline.
Offer unique Services
Don’t overcharge your customer
Take note of your clients preferences and apply them
Never argue with a customer but tell them the truth!
Treat them with utmost respect
Go beyond business services; get to know your customers as much as they will want to know you.
Don’t be caught arguing with your customer
Offer bonus services and discounts
Take responsibility for any mistake you fail to observe from your end even though it is their fault, that is why your front desk must pay close attention to all fabrics brought in for laundry.


Source: https://www.billionairezmindset.com.ng/2019/02/how-to-start-professional-laundrydry.html

31 Likes 6 Shares

Business / How To Start A Professional Laundry/dry Cleaning Business In Nigeria by Mybussinessmind: 2:01pm On Mar 18, 2019
Over 200 Million Nigerians wear clothes daily, irrespective of age. 80 percent of this large population are very busy persons; some business persons, some in Government, some Students, some in Civil service, and some are naturally ajebutters.
These persons do not have time to do their own laundry. Cooking, taking care of the kids, and going to work is enough to occupy the whole time.

On the weekends when they’re finally supposed to have enough time to do their laundry, they only end up cleaning their homes, watch movies and heading out to chill with friends and relatives, while just a few really take out time to wash their dirty clothes. This large group of lazy/busy individuals in Nigeria, Africa, and every other place around the world have made the laundry/dry cleaning service business a lucrative one to venture into, since the market is always available.

You will have to agree with me that the task of washing, rinsing, drying, and ironing clothes is very tedious and time consuming that even the average house wife would consider buying a machine for this purpose. In Nigeria, the poverty level at the moment and the poor power supply rate, most homes will not be able to afford a washing machine.



STARTING A DRY CLEANING/LAUNDRY BUSINESS IN NIGERIA

Almost everyone loves the feeling of putting on neatly washed and ironed clothes, but are mostly too lazy/busy to do their laundry. This leaves an opportunity begging, who will do their laundry?
This has opened a door to several laundry/dry cleaning businesses springing up, especially in Nigeria and Africa at large.

This post on Laundry/Dry cleaning business in Nigeria is going to be a very comprehensive one, so you need to be patient when going through or you could bookmark the page so you could read up at intervals if you cannot read it all at once.

THE FOLLOWING ARE PRACTICAL STEPS/TIPS TO SETUP A LAUNDRY/DRY CLEANING BUSINESS

1. TAKE SOME LAUNDRY AND DRY CLEANING COURSES
A lot people just want to start a laundry/dry cleaning business and make quick cash without considering that laundry business is beyond just washing of clothing. Before you set out to do all the other requirement listed below, it is necessary to take some laundry/dry cleaning courses.

Attach yourself to an existing laundry/dry cleaning service provider for a short while. This will help you to gather valuable skills and information regarding the way to run your business.

You are expected to learn the following:

The different equipment and how they are operated

How to wash different type of fabrics

The chemicals and soaps for washing different fabrics

The best temperature to iron different fabrics

How to fold and package different fabrics

The minimum staff strength to run a successful
laundry/dry cleaning business

The day-to-day operations involved in running a laundry/dry cleaning business.


2. FIND A SUITABLE LOCATION
For a laundry/dry cleaning business to succeed, it must be sited in a good location. Except you intend to operate your laundry/dry cleaning service business from home, your business location shouldn’t be handled like a pinch of salt.

Below are three (3) places where you can locate your business;
1. Around a residential area, probably close to the gate of an estate, so people driving in or out can see your business and patronize your service.

2. Beside a road motorists ply a lot, with a bold sign board advertising your service, your client base would grow quicker than that of a dry cleaner in a quiet neighbourhood.

3. Close to a relaxation spots or offices. The regular influx of people to such area will make them notice your business, and in turn, patronize your service.

However, it is not advisable to open your business close to a competitor unless you notice such competitor has low patronage or you feel you have a competitive advantage.


3. REGISTER YOUR BUSINESS AND OBTAIN THE NECESSARY PERMITS
Except you intend to operate your laundry/dry cleaning service business from home or start on a very small scale, you will need to register your business and obtain the necessary permits.

Register your desired business name with the corporate affairs commission {CAC}, the name your business will be known for. There are several guidelines to registering a dry cleaning/laundry business in several part of the world. In some country like USA, it can be quite a strict and rigid process, however in most African countries especially Nigeria, there are no strict conditions. It is necessary to find out the requirements in your region and ensure you abide by them to avoid unnecessary embarrassment and obstacles to your business.

4. PURCHASE THE BASIC EQUIPMENT YOU NEED TO START THIS BUSINESS
Getting a good location to setup your laundry/dry cleaning business is one thing, having the necessary equipment to provide optimal service is another. After you have secured a good place to start up, the next important step is getting the equipment and materials necessary to give your customers optimal service. Some of these include:

a. WASHING MACHINE
A washing machine is a device that is used to wash laundry. It makes the job easier, faster and more reliable. I strongly advice that you purchase a 14KG top loader washing machine. The machine can take and wash up to 40 clothes at once.
It would be worthy to note that not all clothes are thrown into the washing machine, which is why you need a professional laundry man to help in doing the separations in order to avoid damaging customer’s clothes.

b. GOOD PRESSING IRON
For the sake of efficiency, invest in quality pressing iron and don’t forget you are handling people’s fabrics. Inefficient Iron could cause more trouble than gain by raking havoc on your customer’s cloths. Go for brand new, high quality Iron from known makers.

You need two pressing irons, a dry iron and steam iron. The dry iron is used for normal shirts while the steam iron is used for suits, wedding gowns, dinner gowns, and some other special fabrics.

c. WIDE IRONING TABLE
This is used to press the cloths after they have been dried. It is very important for your table to be wide enough, at least to give enough pressing space and convenience as you will be handling large quantity of ironing. Do not use small table that will make your work inconvenient and eventually cause you some damages.

d. BIG WASHING BASIN
You will need many of this to soak different colours and different type of materials separately to avoid some clothes spilling colour on others. Be careful how you handle people’s fabrics so that you don’t go about paying for damages rather than making profits. Soak Jeans separately from other materials, soak whites cloths separate, and other colours too. Do not mix colours!

The Basins are also used temporarily for storing water used for washing. It’s recommended you get at least 5 big bowels.

e. LAUNDRY DETERGENT
Cleaning is technology, you need to master it with all sense of seriousness. Good cleaning detergent will go a long way to assist you in making thorough cleaning, and that in turn will bring more customers. Do not go for just any washing soap or detergent, find out which detergents are best used by dry cleaners so you can make the right choice. You do not want to be liable for spoiling a customer clothes as a result of using the wrong detergent.

f. STAIN REMOVAL CHEMICALS.
There are different chemicals for removing cloth stain, Perclum (used for dry-cleaning suits), Ink removal, rust removal, mucor removal, oil removal and the likes. You can get these chemicals from the market close by.

g. A STANDBY GENERATOR.
A very serious business person won't joke with this.
You know the situation of power supply in Nigeria these days, except if things changes tomorrow. If not, you will need a standby power generating set for the job. It is expected that you acquire a generator that can carry all your equipment and machines conveniently to avoid disappointing your customers.


h. PACKAGING NYLONS
The most importance service of the laundry business is good ironing and packaging. Someone can wash clothes with 100% stains free, ironing 100% but packaging 0%.
How will the customers feel? Happy or sad? You should be more refined in delivering your customers’ clothes, proper packaging is one of the ways to keep customers. If you can, customize the nylons.
There are two types of laundry nylon, the first is for folded clothes example are collar Shirts, trousers, while the second is for unfolded clothes like suit and jacket.

I. DRYER
Dryer is used for urgent service and in the next thirty minutes the cloth is dry and ready for ironing. You can acquire it if you have the finance.

j. PEGS.
This is used for pinning the clothes to the ropes that are tied to the external hangers. As small as it is, it is very important.

k. ROPE
Used for spreading clothes. The distance between both poles would determine the length of ropes to be purchased.

l. SPRAYING CAN
Spraying can is used by filling with water and spray on cloth when ironing for easy smoothing.


m. CLOTH HANGERS

This is used for hanging already washed clothes or pressed fabrics. There are some clothes that cannot be folded, for example a suit, wedding gown etc. you need to get hangers for these.
You can get this at any market close by. It is the normal hangers we use in our wardrobes.


n. CHAIRS
At least for a start, you will need 3-4 plastic chairs, one for the front desk, one for you and the last for any visitor who wishes to grab a seat for him or herself.


o. TABLE
A good potable table is required with locker attached to it for storing safe items and maybe keep items out of the reach of customer’s sight.
p. WASTE BASKET
As the name implies, it is used for storing waste items and must be disposed off daily.


q. MULTIPLE EXTENSION SOCKET
This is needed for plugging the pressing irons and other electronic gadgets.


r. WASHING TABLE AND CHAIR
For clothes that require hand washing, the washer man needs either a washing table for placing his washing materials like buckets on it for convenience sake. Not all can bend for so long. Or you could construct a chair for those who wish to sit down while doing their washing.

s. CLOTHES BASKET
This is needed for storing customer’s clothes already tagged and ready for washing. You can get it at any local market close by


OTHER NECESSARY EQUIPMENTS INCLUDES;
Tagging gun
tagging pin
tagging paper
external hanger
Broom/packer and mopping stick
Ceiling fan
a water storage or tank
wooden shelves
buckets
towels/table cloths


Renting a shop should be the last project when starting up a Dry-cleaning/Laundry business in order to avoid the rent already counting when you are yet to start.

5. GET HELPING HANDS
You cannot be the one washing, ironing, and at the same time packaging customers clothes. You need to employ one or two persons to help you out which leaves you to do much of supervision. This will inject efficiency to your work and ensure quick delivery of clothes to customers.

6. PROMOTE YOUR LAUNDRY/DRY CLEANING SERVICE
After you’ve fully setup your business, you can proceed to promote it to attract customers by doing some of the following:

1. Putting up a large banner outside your shop.

Place a banner at the exact spot of your shop showing the location, you could place it at bus stops not too far from your office.

2. Sharing flyers in the surrounding neighbourhoods.
For a starter of this business, it is advised you share fliers concerning your Laundry/Dry-cleaning service with your phone number and business address clearly printed.

3. Promoting your business during social events organised in your locality.

4. Branding a vehicle to be used in a pick-up & drop-off service.

5. Visit offices, workplaces, corporate organizations and let them know the type of services you offer.

6. Brand your Finished Products – Have a branded packaging for every finished work you are about to deliver to your customer. Chances are that a potential customer will pick up the packaging after it has been discarded.

7. Promoting the business via social media (Facebook, Twitter,
Whatsapp etc).

8. Bonus Services: Offering bonus services is one sure way to boost patronage to your business. Since most people like bonuses (including those who can afford to pay for the services without batting an eyelid), you could offer to wash and iron two clothes for free for every dozen of clothes a customer brings in and pay for.

9. Offer Discounts: Another method of advertising that could help grow your laundry business is offering discounts from time to time. Customers will flock to your business when they know they are likely to pay less for your services. You can start with a little discount when starting your business and increase it as your business begins to grow.

10. Move Around – Have marketers that move around neighbourhoods asking people if they need laundry services.

11. Offer unique Services – Look at what your competitors are doing and what they are not doing, and improve on what they are not doing, while doing what they are not doing.

12. Print Handbills and Business Cards – You never may know where it will get to.

13. Go the extra mile in your customer service.
Know your customers – If possible, remember their birthdays and message them. They will feel loved and will love your business.

Note: As you go about your business, make sure you don’t over charge you customers. Moderate pricing ensures continuous patronage and sustainable venture. The real money comes from rendering good laundry services at affordable prices that will make the customers come back again and again.


HERE ARE SOME TIPS THAT WILL HELP YOU RETAIN YOUR CUSTOMERS
Don’t ever get customers clothes mixed up
Home delivery – Offer to pick up dirty fabrics and return finished ones
Don’t fail to deliver before deadline.
Offer unique Services
Don’t overcharge your customer
Take note of your clients preferences and apply them
Never argue with a customer but tell them the truth!
Treat them with utmost respect
Go beyond business services; get to know your customers as much as they will want to know you.
Don’t be caught arguing with your customer
Offer bonus services and discounts
Take responsibility for any mistake you fail to observe from your end even though it is their fault, that is why your front desk must pay close attention to all fabrics brought in for laundry.


https://www.billionairezmindset.com.ng/2019/02/how-to-start-professional-laundrydry.html

Business / How To Make Money Running A Day Care Service Business In Nigeria by Mybussinessmind: 2:51pm On Mar 17, 2019
The number of full-time housewives in Africa’s urban areas is on a rapid decline. More and more mothers are joining the working class and there comes a need, how would the little kids fair? Who would take good care of them? Getting a nanny may not be a good choice due to lots of horrible stories that have been told of them. Not only do kids needs someone to care for them, they also need to develop intellectually, emotional, spiritually and otherwise because that’s the stage when the brain neuron pathways is most active.

If you’ve handled children in Sunday school or have taught in a nursery school or have looked after children before then you can give it a trial.

Starting a day care center is a good and profitable business to do.

STARTING A DAY CARE SERVICE

How do you go about the business in Nigeria? It is simple, we have compiled some practical steps and tips for you to follow. Here are they:

1. RUN A GOOD FEASIBILITY STUDY

A prerequisite for business success is planning and as thus, shouldn’t be overlooked. Make sure you plan every single process before venturing into a day care service business. You have to find out how many working class mothers and how many babies are around your environs, get an estimate that will help you know how big your target market is. A good feasibility study will help you to;

a) Determine your target market.
b) Know the total cost and equipment required to start the business
c) know how profitable the business is etc.

2. LAW REQUIREMENTS

In Nigeria, Day-care service business is usually monitored and regulated by the government against any form Child Abuse or trafficking. Your day care service business need to b registered and approved by the Ministry of Women Affairs. The ministry will from time to time, come to supervise your business to make sure you’re doing a great job. If contrary is the case, your business will be shut down immediately.

Please, visit any secretariat in your state to get a business license. Likely, you’ll pay a fee which is usually renewed every year (12months) if you wish to continue with this business. More protocols might be required of you before you can fully be approved. That’s why you need to pay the Ministry a visit or better yet, get a day-care consultant to guide you.

3. GET A GOOD LOCATION WITH CHILDCARE SAFETY IN MIND

A major factor that determine the success or failure of any business is the choice of location of the business. You should try to locate your day care service business where there are a lot of working class mothers. It is important to choose a place in a quite environment with less distraction. Your choice of location should also be accessible and close to the homes or offices of the parents.

The location chosen must be safe and secured and if needed security personnel should be employed. This will make the children and parent feel comfortable with your place.

4. RENT OR BUILD A BUILDING

This will depend on the number of children you intend to accept and take care of. An important point you should note is that space is very critical when doing this business. Obviously the more space you have the more children you can accommodate and the more money you will make.

There are rules concerning spacing among children which should be adhered to as children need a lot space when they are doing their activities.

When spacing, you will have to decide on the number of rooms you need. There are some that believe in having one central location so that they can watch over the children easily. This is not bad, but what happens when more children join? You will need more rooms and space. The rooms should be very clean and neat, the floors should be soft and the rooms well ventilated.


In addition, the building or space should have all the necessary facilities. A few of these include: kitchen, toilets, bathrooms, beds, blankets, toys and outdoor playgrounds.

While designing or modelling your day care center, you must always keep in mind that you need to create an atmosphere that appeals to parents and makes children comfortable and happy. If parents do not like the feel of your center they may not use or recommend it to others.

5. CHOOSE A CHILD FRIENDLY NAME FOR YOUR DAYCARE SERVICE CENTER

When choosing a day-care business name, you must choose a name that is brand-able, short, creative and child friendly. Example of day-care business names ideas are:
“Your Name” Childcare center.
Special Kids Day-care Center.



6. EQUIP YOUR DAYCARE CENTRE

You must provide a good variety of things that make children happy. Things like children games, puzzles, books, blocks, cots air conditions, fridges, water dispensers, microwave ovens, gas cookers, fans, TVs, DVD players, arts and crafts supplies, and toys. This will enable the children enjoy their stay at your day-care center.

You need to be very careful when dealing with children as they are very delicate. Children when playing can get injured and could require medical attention or at least first aid.
Also we can have children who fall sick and this is why a sick bay will be needed for children to have treatment, be given medicine and have a good rest.


8. EMPLOY THE RIGHT STAFF FOR YOUR DAYCARE CENTRE.

When looking for staff, go for individuals who are very patient and emphatic; individuals who have a natural energy for children. This will help for the smooth running of the business. I usually recommend employing an experienced nanny or nurse cause they are the perfect candidate for this job. Your staffs must also have the growth and reputation of the business in mind [Your reputation is one of the easiest and cheapest ways to advertise your services and get new customers].

Training them further in the use of first aid might also be a useful skill in case of an accident. Negligence and ignorance can often lead to avoidable accidents and mishaps at the Center (which you don’t want).
He or she must have a good personality and appearance. Remember, your first impression to your clients matters
He or she must have a crime free background. However, you must not trust your employees. It is also important that you keep your eyes open to guard against sexual abuse and child molestation.


9. DEVELOP A VALUABLE CURRICULUM AND ROUTINE.

A day-care is not all about playing, patting a baby or putting them to sleep. This is the place where the primary foundation is laid; where you help sensitize their mind to learning. At a young age, children are very sharp when it comes to learning because the neuron pathways in their brain is very much active. Develop an educational curriculum that will help the kids intellectually.

Parents always expect good value for the fees you charge for your service. If parents can see an improvement in the mental, emotional and physical development of their kids, they will continue to hire your services and gladly recommend you to friends, family, neighbours and colleagues.

To help the kids develop mentally, work out a routine that encourages and engages their curiosity. Teaching simple rhymes, songs, numbers and alphabets helps to develop the memory of children and aids their language learning ability. Puzzles and games are very popular with young kids and helps them to learn shapes and colours. Dancing is another great way to hold their attention while they learn. An interesting day care experience allows kids to bond, make friends and look forward to coming back the next day. You’re very likely to retain the parent’s interest if their children are interested.


10. ADVERTISE YOUR DAYCARE CENTRE.

After taking the pain to setup your business, you must tell your friends about your day-care service and if you are lucky enough, they may be your first customers and also help you spread your servicer to others. You should also place notices on bulletin boards in locations where families congregate like at the church, mosque, schools, community halls, etc. Don’t forget to give out your business card at any instance.



HOW PROFITABLE IS DAYCARE SERVICE BUSINESS IN NIGERIA??

Considering that parents pay between N30, 000 –N50,000 per term for nursery schooling you could charge each parent say N6, 000 per month. Let’s assume you have 12 enrolments multiplied by 6 that’s N72, 000 for the first month.

Second month.
50 enrolments X N6,000 = 300,000

If you keep up with that, you’ll be making over N300,000 a month. Tell me which white collar job that will earn you such?


This is a business you can start from your home informally approaching nursing or working mothers in your neighbourhood, at church, mosque, community hall or any other gathering letting them know what you do.

A day-care business in Nigeria is a lucrative venture and evidently untapped. If you’re a lover of kids and love spending time with them, why not start this business and also get a reward in return.

https://www.billionairezmindset.com.ng/2019/03/how-to-make-cool-money-running-day-care.html

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Business / 5 Money Decisions To Make In Your 20's So You Can Chill In Your 30's by Mybussinessmind: 12:47pm On Mar 16, 2019
Everybody wants to be rich, everyone wants to be successful, everyone wants to live a stress free life, but only few knows the rules and principles of living a successful life. People always say, your friends will make or mar you but I believe your decisions make or mar you, the decisions you make today determines where you will be tomorrow, just as what you decided yesterday has made you what you are today. Every decision you take either takes you closer to your goal or farther from it, so be careful when making your decisions. Your 20’s is the period between 20-29 years of your life. At this period, most individuals tend to live a carefree life, some make money at this stage but blow it without any second thought. The main purpose of this post is to highlight those decisions to be taken so as to live a good life in your 30’s.
These decisions are;

1. LEARN TO BUDGET
A budget is simply a summary of intended expenditures along with proposals for how to meet them. It is a sum of money allocated for a particular purpose. Every sensible individual should have a budget for each sum of money they have. Budget enables you to know what to spend on and when. Every country of the world has a budget which regulates its expenditures, this prevents it from spending on unnecessary items. This also applies to individuals. Budget prevents unnecessary expenditures which in turn promotes savings. So learn to budget, learn to draw a line between your wants and needs.

2. LIVE ACCORDING TO YOUR PACE
When we talk about living according to your pace here, we mean live according to your means in other words cut your coat according to the size of your cloth. Most individuals tend to live a flashy life even when they do not have the means. Some live above their income thereby borrowing to finance their fake lives. Do not let other people’s expectations influence your spending habits. Do not spend to impress unless you have the means. This decisions would definitely pay off in the long run and it would save you a lot of embarrassment, it also discourages savings.
“Don’t live a champagne life on a coke income. Buy your coke, shake it well it will still foam”

3. PLAN FOR EMERGENCIES
One of the reason people save is for unforeseen contingencies. Life is full of risks, infact living itself is risky. Anything can happen at any point in time. A song writer said “we hoping for the best but expecting the worst”. This is the life of every successful person, they know definitely at some point, something which will take a lot of money might come up, so they plan ahead. They prepare for whatever it would be, so when it comes they won’t be thrown off balance. Saving is a way of planning for emergencies. Insurance is also another way. Insuring your business, valuables and what have you. An emergency fund is generally 4-6 months of living expenses that would come in handy in case of any emergency. It is always said he who fails to plan, plan to fail.

4. DEFINE YOUR SHORT AND LONG TERM GOALS
A friend of mine came into my room one day, read a list of my long term goals on the wall and laughed out loud. I looked at him and smiled, I wasn’t smiling because anything was funny, I was only smiling at his ignorance. A long term goal is something you want to accomplish in the future. Long term goals require planning and time. Long term goals take several years. It is something which will take you long period of time to accomplish. A short term goal on the other hand is something you want to accomplish soon, something you want to accomplish in the near future {today, this week, this month or even this year}. Where do you want to be in the next one, three, ten, fifteen years. Make a plan for it and follow this plan. You can make plans on owning properties like cars, houses, lands etc.

5. INVEST
Your future as an individual or as an entrepreneur is more secured if you invest. As earlier stated, most individuals have at least some amount of money considered as free {nothing useful to spend it on}. This is the period to invest on something meaningful, may be a business or other profitable ventures. You can invest in the stock exchange, purchase shares of successful companies or join funds with your friends to start up a business.

Follow these piece of advice and live your 30’s care free.

Cc: lalasticlala
Mynd44

source: https://www.billionairezmindset.com.ng/2019/02/5-money-decisions-to-make-in-your-20s.html

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