₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,325,606 members, 8,422,799 topics. Date: Monday, 08 June 2026 at 08:05 PM

Toggle theme

What MUST I Do on My First Day Of Business - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessWhat MUST I Do on My First Day Of Business (748 Views)

1 Reply

What MUST I Do on My First Day Of Business by makazona(op): 10:13am On Aug 01, 2016
This was the question a good friend of mine who will open his shop this week asked me.

I gave him the ones I know but I still believe they are inexhaustible.

So, I ask: What are those things a beginner must do on the first day of opening a shop (in this instance, an electrical shop)

@ kingdenny ur input will be appreciated for my guy sake.
Re: What MUST I Do on My First Day Of Business by kingdenny(m): 11:55pm On Aug 01, 2016
makazona:
This was the question a good friend of mine who will open his shop this week asked me.

I gave him the ones I know but I still believe they are inexhaustible.

So, I ask: What are those things a beginner must do on the first day of opening a shop (in this instance, an electrical shop)

@ kingdenny ur input will be appreciated for my guy sake.
Prior to opening a shop, a good business plan must already have been in place
This business plan will act as a guide from the start of the business
Product knowledge of the goods he intends to be selling, electrical is a wide range of products, starting from pipes, boxes, cables, switches and socket, ventilation, lighting, circuit protection, switch gear, e.t.c so he needs to know about the product he wants to deal in, business name is it gonna be limited liability or enterprise? Would he be needing a sales girl who has the ability to write the sales of the day, cash book and other ledger required, register with the federal inland revenue as per getting your tin number which you might be required to open a bank account, arrange your shop in a way that passers by will be able to tell what you deal in without having to come inside, a lot of cheap substandard product, would he want to deal in those or would he want to deal in genuine products or would he want to mix both so that when such customers that are cheap comes he could sell to them and when customers that want the real thing comes he could also sell to them too. Where is the shop located? In market setting or in a residential setting could determine the kind of products to deal in.
If I remember any other thing I will chip in bit by bit cheers
Re: What MUST I Do on My First Day Of Business by makazona(op): 3:18pm On Aug 02, 2016
kingdenny:
Prior to opening a shop, a good business plan must already have been in place
This business plan will act as a guide from the start of the business
Product knowledge of the goods he intends to be selling, electrical is a wide range of products, starting from pipes, boxes, cables, switches and socket, ventilation, lighting, circuit protection, switch gear, e.t.c so he needs to know about the product he wants to deal in, business name is it gonna be limited liability or enterprise? Would he be needing a sales girl who has the ability to write the sales of the day, cash book and other ledger required, register with the federal inland revenue as per getting your tin number which you might be required to open a bank account, arrange your shop in a way that passers by will be able to tell what you deal in without having to come inside, a lot of cheap substandard product, would he want to deal in those or would he want to deal in genuine products or would he want to mix both so that when such customers that are cheap comes he could sell to them and when customers that want the real thing comes he could also sell to them too. Where is the shop located? In market setting or in a residential setting could determine the kind of products to deal in.
If I remember any other thing I will chip in bit by bit cheers
Nice one Bro...He is here nodding like a Lizard cheesy
1 Reply

CAC Reviews Cost Of Business Registration, Says Now Cheaper.10 Kinds Of Business That Can Bring You Millions In Nigeria This Year.234

Check Out The 4 Signs To Tell If She Just Had Sex No 3 Is So RealKenya, Tanzania And Ivory Coast Overtake Nigeria In Attracting FDI -APIStart Your Mini Importation Business Today With This Guide