PrimeWatermark:
Setting up the right team. If you assemble people with different vision, you're done for.

And as for Sole proprietorship, it's majorly funding and breaking even.

Nothing is guaranteed in business.

No matter how business smart you are, our beloved country will demystify you

Cholls:
my brother abi lack of brain

richmond500:

I know alot of u have cool businesses that u are already running and u want me to join and will fetch me 20k daily but I am not interested so please just stick to the topic, Also FP hijackers, let's be civil here thanks as u cooperate

Vaughanlanrewaj:


For his kind of business location and the supply chain are key. The rest will depend on his human relationships and book keeping strengths. From my experience, it is getting high performance team members initially so I had to do so so much myself. Very tiring and lonely moments but just remain focused

Wikinaija:
alot

getting vendors to register on the classified ads website i created, still finding ways out.

richmond500:
Good day guys, so I'm planning to have a provision store, my budget is actually N800k.

I know every business have its challenges but I want to know what challenges dud you guys faced when your business was still in the early stages so I don't break down completely lolz.
Even if your business isn't provision store, u can still contribute and tell us the challenges u faced thanks.

I know alot of u have cool businesses that u are already running and u want me to join and will fetch me 20k daily but I am not interested so please just stick to the topic, Also FP hijackers, let's be civil here thanks as u cooperate

vincentjk:
Business requires a lot of patience therefore, only the patient and business minded would survive the heat.


When I first started my cement business, I sold a bag that very first day but to my surprise, didn't sell any for the rest of the week again lol.

debbydams:
lemme share my experience nd challenges I face when I started my provision business..I started with just 65k,
As per novice I went to the market hoping to buy all the whole goods,I went to a shop nd almost spend all the money thats the first mistake I made, the shop owner Knew I didnt know about provision he cheated me.. I was able to buy only tin milk nd sat millk with Maggi.



Most time I bought nd forget the price I bought nd end up selling rubbish..
1 If u are starting provision business I'd advice I go with someone in it before


2. don't buy things in one place


3 ask form different shops before buying becos some might want to cheat u as per say u be novice

3,,go with jotter, ask them for invoice.. Go with a calculator, nd check the cartoon of every stuff you are buying for expiry date nd the content inside..some will lie that its 5 rolls when it 6 rolls..
If u are going into provision I'd advice u add food stuffs nd drinks coupled with toiletries,,
When I started beck den in 2019 nobody put Me tru it was just Me..sometime it 2k I make, sometime money will not complete,,it was Neva easy but now I thank God..you patience nd discipline nd don't pick enemies, make friends with everyone around u nd be nice to your customer ..above all u pray ..

you have experience truly.

richmond500:
Good day guys, so I'm planning to have a provision store, my budget is actually N800k.

I know every business have its challenges but I want to know what challenges dud you guys faced when your business was still in the early stages so I don't break down completely lolz.
Even if your business isn't provision store, u can still contribute and tell us the challenges u faced thanks.

I know alot of u have cool businesses that u are already running and u want me to join and will fetch me 20k daily but I am not interested so please just stick to the topic, Also FP hijackers, let's be civil here thanks as u cooperate

vincentjk:
Business requires a lot of patience therefore, only the patient and business minded would survive the heat.


When I first started my cement business, I sold a bag that very first day but to my surprise, didn't sell any for the rest of the week again lol.

Ourkitchenpalm:
I'm inside my provision store now.

Opened it during covid/Lockdown era last year. It would be one year next month.
As a result of the Lockdown, I spent one million, one hundred thousand naira building just a 15*15 container and other fitting so as to make it cool always. Instead of the earlier budget of 800k for both the container and goods.

There was no money again to put goods in the store. My wife even laughed at me. Only her knew that it money that was holding me.

I got two hundred thousand only. my wife followed me to the market, we bought things half cartons each instead of 2-5 cartons I earlier quoted. Thanks to my wife. I never knew that, 200k could buy so many goods. when I already looking for where to raise one million naira according to my quotations.

I sold 7k only on the first day. All denominations counted (N1000 -N5).
Today, we don't count N200 to N5.
We do realize such amount in less than 10-30mins.

The only way to succeed is when you declare Operation Do Yourself.