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The Entrepreneur's Manual - Business - Nairaland

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The Entrepreneur's Manual by acidtalk: 11:46pm On Jul 11, 2012
Yes! I know you are eager to find out which company has such job opening. The truth is NONE!!!

*No job can ever guaranty you 100% even if it own buy your best friend or close relative as one day the relationship might dwindle and either you get fired or your willingly resign.

*There's No job that gives you a steady monthly salary increase. The more you work, the more you earn is usually pay policies in companies. You are only expected to get an increase accordance to your promotion and the truth is, promotions come only on the average on once a year.

Whether you like it or not, the only job that can guarantee you all the above mentioned and lots more is when you take that risk today and become your own boss.

The the Employer and not the employee.

Be the payer and not the payee.

Be the one to Hire and not the person to get Fired.

Be the person to jump off the bed in the morning eager to go to the office and not the one who hated weekdays and shouted Thank God Its Friday (TGIF).

As the days passes by, more companies are folding up, merging, downsizing, and sacking their staff. From Banking, Telecoms, Oil and Gas, Pharmaceuticals, Hospitality, Manufacturing and the entire Private and Public owned business sectors, people are loosing their jobs each second at the slightest excuses.

Companies are maximizing cost and minimizing expenses (staff salary and allowances inclusive).

At a point in our lives the Banking, Hospitality, Telecoms, Manufacturing, Oil and Gas were all booming sectors, but like the saying goes, "change is the only constant thing in life"

Follow the 80/20 Principul and be guaranteed of a happy life forever.

3 Likes

Re: The Entrepreneur's Manual by acidtalk: 11:55pm On Jul 11, 2012
As the days passes by, I will be giving free Business Consulting advice which we cover;

*Building the Business Confidence
*Discovering What Business best suits you
*Raising Finances
*Keep the business going
*getting clients
*marketing
*Sales
*Adverts
*A-Z of Branding (as it a the master key to any business)
*Getting New clients
*Partnership and lots more

You can also follow this thread to get motivated on experiences and challenges of existing Entrepreneurs - https://www.nairaland.com/987294/entrepreneurs-what-kept-going

Wish you all the best on the Permanent and fun loving job placement of ours.

Remember - freedom is far better than security. Where security is a salary paying job, and freedom is a 'risk taker' enterpreneur.

Don't forget those in prisons have 100% security but yet are stagnant while you and I are free (without security) and yet we are limitless.

Which do you now prefer? A secured job or a free life?


Let's get started on our journey to success.

9 Likes

Re: The Entrepreneur's Manual by acidtalk: 8:39am On Jul 13, 2012
Na wa oh!
Re: The Entrepreneur's Manual by Nobody: 9:15am On Jul 13, 2012
I've known all this things all my life, ever since I was 18..yet to practice it, I don't understand the business aspect

1 Like

Re: The Entrepreneur's Manual by acidtalk: 9:27am On Jul 13, 2012
loladeking: I've known all this things all my life, ever since I was 18..yet to practice it, I don't understand the business aspect

What about if i offer to give you 100% free consulting / advice on all your enquiries, questions, and ideas.

you and everyone coming from this thread is getting same offer.

ny little contribution to willing entrepreneurs.
Re: The Entrepreneur's Manual by Chygoz2(m): 9:41am On Jul 13, 2012
Ride on. I'm with you.
Re: The Entrepreneur's Manual by envee(f): 9:46am On Jul 13, 2012
@OP

I have been through this route before. Can't say I was encouraged especially when I started disliking what I had started. Finding my clients was the most difficult part for me. Now its even harder to start all over again.
I'll be following this thread for ur consulting advices and will try to see where I got it wrong.
Maybe I can start up something different again....

Thanks for your help in advance.
Re: The Entrepreneur's Manual by segunobe(m): 11:16am On Jul 13, 2012
This is a very noble thing you've done here.God bless you.There are a lot of young folks out there who are very much interested in starting up a business of theirs but due to one obstacle or the other their ideas have not seen the light of day.
Wwhat kinda business is suitable for an undergraduate with a capital of 100k?
Re: The Entrepreneur's Manual by Nobody: 11:17am On Jul 13, 2012
if businesses are folding up and downsizing like you say, what then is the point in starting a business? Against these odds?...
Well, i'm all for entreprenuership but not with all these popular choices that everybody seems to be mouthing nowadays, recharge cards, forex, all that generic internet business ish. If everybody get into it, surely the profit margin drops. So, why don't you advise about unusual, obscure, even unpopular businesses? Now that would be refreshing.

3 Likes

Re: The Entrepreneur's Manual by Super1759: 11:31am On Jul 13, 2012
loladeking: I've known all this things all my life, ever since I was 18..yet to practice it, I don't understand the business aspect
....my broda,no be only u.me I don go seminars tire.I sabi all dis tins and am tired hearing dem.problem is how ² start.infact,I jus tire
Re: The Entrepreneur's Manual by acidtalk: 12:31pm On Jul 13, 2012
By the grace of God i will answer each and every question before the end of today.
Re: The Entrepreneur's Manual by yamakuza: 12:32pm On Jul 13, 2012
BoboYekini: if businesses are folding up and downsizing like you say, what then is the point in starting a business? Against these odds?...
Well, i'm all for entreprenuership[b] but not with all these popular choices that everybody seems to be mouthing nowadays, recharge cards, forex, all that generic internet business ish[/b]. If everybody get into it, surely the profit margin drops. So, why don't you advise about unusual, obscure, even unpopular businesses? Now that would be refreshing.

maybe we all can start by listing like 20 to 30 ventures that can be started with less than say N250k, then proceed to discussing the pros and cons of each, and finally wrap things up with business/[b]marketing plan[/b]s for the top 10 ?
Re: The Entrepreneur's Manual by segunobe(m): 2:42pm On Jul 13, 2012
Please do.
Re: The Entrepreneur's Manual by 2dmax(m): 5:37pm On Jul 13, 2012
Subscribing to class!
Re: The Entrepreneur's Manual by yamakuza: 6:07pm On Jul 13, 2012
acidtalk: By the grace of God i will answer each and every question before the end of today.

... waiting for lecturer(s) to arrive

till then, open to peer review(s)

1 Like 1 Share

Re: The Entrepreneur's Manual by Kenkenny1: 7:59pm On Jul 13, 2012
@OP,pls where r eager to learn.

1 Like

Re: The Entrepreneur's Manual by acidtalk: 8:10pm On Jul 13, 2012
Dear People,
I will answer as much questions as I can (may not be too detailed though because I am not too free right now)

@BoboYekini,
The fact that businesses keep failing everyday is no reason why anyone should loose hope in starting on.

Banks sack everyday yet people roll over each other to get a job in the bank.

NDLEA catches people everyday yet people take the risk of smuggling drugs everyday.

I gave the above examples because you absolutely have control over the situtaionunlike being a business owner where with proper planning and strong positive mind set, you can operate your business over 50years.

In this my lectures, I will NOT talk about the internet money making business. Not that I don't believe in it but I will rather let people get trained on 'real life' (touch and feel) mode of business. More people have gotten their hands bitten in the internet business than any other sector.

@Super1759,
Its not all about attending seminars and exhibitions. It is about PRACTISING it. It like a man who is an expert driver in video game car racing and jumps in a car, starts the ignition and wants to zoom off. Bearing in mind that he as never driven a car.

Though its a good thing you have a good knowledge of the nitty gritty of being an Entrepreneur, but it takes only 'action' to attain that success and dream you crave for.

@Yamakuza,
That's a huge one naming up to 20 business ventures but this is what I will do, I will try and name as many REALISTIC businesses one can startup with N250,000 or less. The pros and cons of each will come in subsequent responses.


LADIES :
*Mobile Spa
*Makeup Artist
*Cake and Snack making
*Event Decorator
*Fashion Designing
*Recharge Card sales /Phone Call
*Mobile Supermarket (On demand)
*Interior Decor
*Home Tutorials
*Contract Nanny
*Lesson Teacher
*Home / Office Cleaning Agent
*Executive Messanger
*Hair Dressing Salon
*Sales of Weavon and other Hair accessories.

MEN
*Gaming Centre
*Sales of fairly used Laptops and Phones
*Training of Animals
*Sporting Coach to children
*Retail Kerosene Supplier
*Barbing Salon
*Shawama / Pizza Spot
*Transportation (Okada, Keke Napep, Danfo, or Taxi)
*Branding
*Graphics / Website Design
*Network Engineer


Please Note that some of the above stated job description fits perfectly for both sexex and also most of them are SERVICE delivery and (NOT) PRODUCT delivery.

The difference between the two is that Service delivery needs very meager startup capital as you won't need much money to start it up.

Life in general is risking so it isn't different from starting up a business.

3 key things you need before starting a business is;
*Believe in yourself
*Have a Dream and Stick to It
*Determination and Will to Succeed

3 key areas you should get to know about the basic knowledge are;

*Accounting (Financial Knowledge)
*Management
*Customer Satisfaction

3 unavoidable processes are;
*Sales and Marketing (will explain the difference later)
*Brand (Development and Strategy)
*Legal (no business is too small to understand the legal backing and have one).


I will like to take the permission to change this thread topic to -

The Entrepreneur's Class (All You Need To Know)

5 Likes

Re: The Entrepreneur's Manual by goke4all(m): 9:01am On Jul 14, 2012
This is a good trend, honestly all you need is the will and passion for success. Other things will start falling in place. To the list, egg retailing is a good business
Re: The Entrepreneur's Manual by acidtalk: 9:51am On Jul 14, 2012
goke4all: This is a good trend, honestly all you need is the will and passion for success. Other things will start falling in place. To the list, egg retailing is a good business

Will drop more business ideas only when I see the seriousness in people willing to learn. Afterall we called it a class and I can't be talking to yourself.

1 Like

Re: The Entrepreneur's Manual by Undabridge(m): 11:29pm On Jul 14, 2012
First I'm into fashion designing and branding bizness i.e promotional items,events and clubs.About the customer satisfaction and management it's no problem cos our client has neva complained for once wit d little we have done thru d referals.So my problem is how to get contract/jobs professionally thru writing of business proposal or Letter of Introduction to companies,school,event planners and clubs that will state the things we do or d service we can render to them.All I need is a template and you'll be amazed wot I will make out of it.
Re: The Entrepreneur's Manual by acidtalk: 1:18pm On Jul 15, 2012
Undabridge: First I'm into fashion designing and branding bizness i.e promotional items,events and clubs.About the customer satisfaction and management it's no problem cos our client has neva complained for once wit d little we have done thru d referals.So my problem is how to get contract/jobs professionally thru writing of business proposal or Letter of Introduction to companies,school,event planners and clubs that will state the things we do or d service we can render to them.All I need is a template and you'll be amazed wot I will make out of it.


Will try and what out a detailed proposal that will suit your need.

1 Like

Re: The Entrepreneur's Manual by Undabridge(m): 2:02pm On Jul 15, 2012
Thank you very much,you can send it to e-mail address or if you post it here for the benefit of other users.God bless you
Re: The Entrepreneur's Manual by offorbuike: 1:01am On Jul 16, 2012
What a nice topic, I have always believed in entrepreneurship from my university days. Am presently a corp member serving in a small multimedia company that is into the following
1) photo & video coverage.
2) photo & video editing.
3) model pics.
4) portrait pics.
5) large format printing.
5) canvassing, lamination & framing.
6) bill boards & posters.
7) dvd & cd mass production.
cool business center etc.
I would like to start-up my own company which will offer similar services coupled with graphic & web designing when I finish my service. Please, what is your advice vis-a-vis d pros & cons of this line of business, Thanks.

1 Like

Re: The Entrepreneur's Manual by acidtalk: 9:48am On Jul 16, 2012
offorbuike: What a nice topic, I have always believed in entrepreneurship from my university days. Am presently a corp member serving in a small multimedia company that is into the following
1) photo & video coverage.
2) photo & video editing.
3) model pics.
4) portrait pics.
5) large format printing.
5) canvassing, lamination & framing.
6) bill boards & posters.
7) dvd & cd mass production.
cool business center etc.
I would like to start-up my own company which will offer similar services coupled with graphic & web designing when I finish my service. Please, what is your advice vis-a-vis d pros & cons of this line of business, Thanks.



From what i can see, the business above needs you having a good knowledge of each (even if not all). you dont have to be a pro though.
Now learn the basic even if its the graphic design and web designing. then if you have jobs on the video editing and photography, you can out source it to a person who you believe is very good in that area.

Dont wait until you rent an office space before you should kick off. You could actually start it in your room.

You will be expected to meet most of your clients in their houses and offices and not the other way round.

3 main thing you need;
* Get the knowledge of the basic things you want to be handling yourself
* Find out the best place to get you prospective clients
* Dont procastinate......START NOW.
Re: The Entrepreneur's Manual by Bestglo(f): 3:27pm On Jul 16, 2012
I'm learning
Re: The Entrepreneur's Manual by bayleaf(m): 4:24pm On Jul 16, 2012
very nice thread. please keep it up.
for a while now i have been pondering on what to do as an extra from my job. i have thought of various stuff like distributoship to car leasing but they all need big finances.very nice thread. please keep it up.
for a while now i have been pondering on what to do as an extra from my job. i have thought of various stuff like distributoship to car leasing but they all need big finances. angry what do you thin one can do if he has between 250k to 500k?
Re: The Entrepreneur's Manual by acidtalk: 8:38pm On Jul 16, 2012
bayleaf: very nice thread. please keep it up.
for a while now i have been pondering on what to do as an extra from my job. i have thought of various stuff like distributoship to car leasing but they all need big finances.very nice thread. please keep it up.
for a while now i have been pondering on what to do as an extra from my job. i have thought of various stuff like distributoship to car leasing but they all need big finances. angry what do you thin one can do if he has between 250k to 500k?


Leasing isn't a bad idea.
You can try out car hire service.
A regular nice tokunbo vehicle which is well neated and with a/c can actually get lots of clients who are in need of your service.
Re: The Entrepreneur's Manual by Undabridge(m): 3:11pm On Jul 17, 2012
@Acidtalk......I hope you've not forgotten about me.I await your response!!!!!!
Re: The Entrepreneur's Manual by acidtalk: 5:21pm On Jul 17, 2012
Undabridge: @Acidtalk......I hope you've not forgotten about me.I await your response!!!!!!

I haven't forgotten you.
Using my tablet and as a pako baby, I am not used to typing much on it. As soon as I can lay my hands on my laptop, I will work out something for you.

For try the following if it doesn't work then you will need to wait.

1st Page

*Name of Business
*Operation of Business
*Addres
*Telephone Number
*E.mail
*Website

2nd page

* propsal by (name of your company) proposing a business relationship with (the bearers name of company)

3rd Page

*brief business introduction / history. I.e Name, years of operation, specialization, if registered yet under corporate affairs commission (CAC) state it.
Include mission, vision and aspiration statement.

4th page

*describe the mode of service/product you intend to offer them and why it is better than your competitors (I.e pricing, finishing, timely delivery).

5th page.

*list pricing (if you wish) and duration of completion.

6th page

*list of your clients

7th page

*conclusion.


Note : Make it as detailed as possible without beating around the bush.

Let the font size not be less tha 12 or more than 14.

Font text should be Ariel or any very visible and less stylish font.

Don't photocopy your proposal to distribute.

Always pass across an original print.

All the best.....feel free to ask about anything not clear.

4 Likes

Re: The Entrepreneur's Manual by Undabridge(m): 6:09am On Jul 18, 2012
So you mean I shud assign one page each for wot you've outlined above for me.
Re: The Entrepreneur's Manual by acidtalk: 8:41am On Jul 18, 2012
envee: @OP

I have been through this route before. Can't say I was encouraged especially when I started disliking what I had started. Finding my clients was the most difficult part for me. Now its even harder to start all over again.
I'll be following this thread for ur consulting advices and will try to see where I got it wrong.
Maybe I can start up something different again....

Thanks for your help in advance.

Can you give a brief details of what you were into, how you got started, how many years you spent in the business and how you decided to fold it up. That way it might be very easy to inspire you to get started again.

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