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My Business Has Crumbled.. Advice On How To Pick Up Again - Business - Nairaland

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My Business Has Crumbled.. Advice On How To Pick Up Again by Sweetshugar(op): 7:53am On Nov 23, 2021
Good morning
I started food stuffs business some years ago, I started with 75k, the business was booming until when lock down started, the lock down really dealt with me embarassed, I paid for my shop rent during the lockdown, this year it wasn't easy at all, 3 months ago my shop rent got increased I rally round to pay, since then the shop has been empty,for more than a month I've been staying at home, I'm confused on what to do, no family I can run to..I don't keep friends..help is not coming, I'm really confused.
Any idea of what I can do?
Re: My Business Has Crumbled.. Advice On How To Pick Up Again by YeyeGbami: 8:03am On Nov 23, 2021
Did you try the survival fund, govt say they wan hell people affected by covid.

https://survivalfund.gov.ng/auth/register
Re: My Business Has Crumbled.. Advice On How To Pick Up Again by Sweetshugar(op): 8:05am On Nov 23, 2021
Depression is setting in cry
Re: My Business Has Crumbled.. Advice On How To Pick Up Again by Sweetshugar(op): 8:05am On Nov 23, 2021
YeyeGbami:
Did you try the survival fund, govt say they wan hell people affected by covid.

https://survivalfund.gov.ng/auth/register
no, is it real? I'll try it
Re: My Business Has Crumbled.. Advice On How To Pick Up Again by Kobicove(m): 8:06am On Nov 23, 2021
Sweetshugar:
Good morning
I started food stuffs business some years ago, I started with 75k, the business was booming until when lock down started, the lock down really dealt with me embarassed, I paid for my shop rent during the lockdown, this year it wasn't easy at all, 3 months ago my shop rent got increased I rally round to pay, since then the shop has been empty,for more than a month I've been staying at home, I'm confused on what to do, no family I can run to..I don't keep friends..help is not coming, I'm really confused.
Any idea of what I can do?
Leaving the shop empty will end up costing you more money cos you will incur rent charge every month whether you make sales or not.

You need to raise funds so you can restock your shop then come up with ways of increasing your daily sales.

A possible reason why your shop which was doing well before is now struggling is that there may be new shops that have opened and are doing the same business as you...if this is the case then you need to come up with ways of differentiating your business through excellent service delivery so that your clients will be happy to come back and not go to your competitors
Re: My Business Has Crumbled.. Advice On How To Pick Up Again by Sweetshugar(op): 8:08am On Nov 23, 2021
YeyeGbami:
Did you try the survival fund, govt say they wan hell people affected by covid.

https://survivalfund.gov.ng/auth/register
the scheme is now closed.
Re: My Business Has Crumbled.. Advice On How To Pick Up Again by Sweetshugar(op): 8:11am On Nov 23, 2021
Kobicove:
Leaving the shop empty will end up costing you more money cos you will incur rent charge every month whether you make sales or not.

You need to raise funds so you can restock your shop then come up with ways of increasing your daily sales.

A possible reason why your shop which was doing well before is now struggling is that there may be new shops that have opened and are doing the same business as you...if this is the case then you need to come up with ways of differentiating your business through excellent service delivery so that your clients will be happy to come back and not go to your competitors
I don't know what to do to raise fund, no competitor at all..I'm really confused, I don't know what to do people I know are not helping.. any ideas pls
Re: My Business Has Crumbled.. Advice On How To Pick Up Again by thesicilian: 8:11am On Nov 23, 2021
Sweetshugar:
Good morning
I started food stuffs business some years ago, I started with 75k, the business was booming until when lock down started, the lock down really dealt with me embarassed, I paid for my shop rent during the lockdown, this year it wasn't easy at all, 3 months ago my shop rent got increased I rally round to pay, since then the shop has been empty,for more than a month I've been staying at home, I'm confused on what to do, no family I can run to..I don't keep friends..help is not coming, I'm really confused.
Any idea of what I can do?
If you're in Lagos I can partner with you.
Re: My Business Has Crumbled.. Advice On How To Pick Up Again by Sweetshugar(op): 8:13am On Nov 23, 2021
thesicilian:
If you're in Lagos I can partner with you
I'm in ilorin.. I don't know anybody in Lagos embarassed
Re: My Business Has Crumbled.. Advice On How To Pick Up Again by Sweetshugar(op): 8:17am On Nov 23, 2021
I don't have any tangible thing to sell..wish I can sell this phone but it's not mine and nobody will buy it 10k, it's an outdated small phone
Re: My Business Has Crumbled.. Advice On How To Pick Up Again by Sweetshugar(op): 8:24am On Nov 23, 2021
I can travel, provided I can get a job or anything doing that will fetch me money..instead of sitting at home doing nothing..I hate bn idle embarassed
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