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Webmasters / Re: 23k Facebook Page For Sale by Tony818(m): 3:36pm On Aug 03, 2018
Share the link please
Webmasters / Re: 23K Facebook Page For Sale by Tony818(m): 11:01am On Apr 09, 2018
How much last
Romance / Re: Wanna Quit Masturbation? Let's Do It Together by Tony818(m): 3:16am On Mar 08, 2018
Good you can do it
Agriculture / Re: Estimated Cost Of Setting Up A Poultry Farm by Tony818(m): 12:17pm On Oct 17, 2017
Business / Re: Poultry Farm In Nigeria: All You Need To Know Before You Start by Tony818(m): 12:15pm On Oct 17, 2017
Business / Re: Invest 60-80k In Popcorn Production.make A Profit Of #75k Monthly by Tony818(m): 12:38pm On Oct 09, 2017
papaekuri@yahoo.com thank you
Agriculture / Re: How To Start A Snail Farming by Tony818(m): 10:46am On Sep 27, 2017
Learn more about snail farming on this site http://informationhive.com.ng/snail-farming-in-nigeria/
Agriculture / Re: Ask Ur Questions On Cucumber Farming. by Tony818(m): 10:11am On Sep 27, 2017
Learn more about cucumber farming on this site http://informationhive.com.ng/cucumber-farming-in-nigeria/
Agriculture / Re: Newly Built Poultry Farm For Sale In Ibadan Close To Akala Express by Tony818(m): 10:00am On Sep 27, 2017
Visit this site for more information about poultry farming http://informationhive.com.ng/poultry-farming-in-nigeria/
Agriculture / Re: Hidden Truths About Catfish Business!!! by Tony818(m): 9:54am On Sep 27, 2017
Fish farming is a very lucrative agricultural business, you can learn more on fish farming on this site http://informationhive.com.ng/fish-farming-in-nigeria/
Agriculture / Re: I need your professional Advice For Grass Cutter Farming by Tony818(m): 9:50am On Sep 27, 2017
Get valuable information about grasscutter farming business on this site http://informationhive.com.ng/grasscutter-farming-in-nigeria/
Agriculture / Re: Starting A Poultry Farm (a Blog) by Tony818(m): 12:16pm On Sep 21, 2017
poultryhttp://informationhive.com.ng/poultry-farming-in-nigeria/farming is good business well done brother and more grace
Business / Re: Can One Go Into Blogging With Little Resources by Tony818(m): 10:37pm On Sep 09, 2017
Yes visit my website for more information http://informationhive.com.ng
Business / Re: 40+ Business Ideas You Can Start And Make Money by Tony818(m): 10:32pm On Sep 09, 2017
Learn to produce bread from http://informationhive.com.ng
Business / Re: How To Start Bakery Business With #50,000 by Tony818(m): 10:26pm On Sep 09, 2017
Business / Re: Reasons Why Small Businesses Fail by Tony818(m): 9:01am On Sep 08, 2017
cefezyA:

Bro pls can u help me put my biz plan in a sheet
WhatsApp 08025664386
Send me a mail person.dey@yahoo.com
Business / Re: Reasons Why Small Businesses Fail by Tony818(m): 7:44am On Sep 08, 2017
besttbabe:
Tony818 pls I sent u an email please reply me asap just want to ask you something
Hi besttbabe if you're seeing this thread, I just want to let you know that I never got your mail. Please e-mail person.dey@yahoo.com. I will be glad to hear and assist in any way I can
Business / Re: 40+ Business Ideas You Can Start And Make Money by Tony818(m): 10:27pm On Sep 07, 2017
subscribe to my newsletter
Business / Re: Business To Start With 3 Million Naira by Tony818(m): 4:05pm On Sep 07, 2017
mmb:
what business can I start with my 3 million naira
Visit my website to get them free http://informationhive.com.ng
Business / 40+ Business Ideas You Can Start And Make Money by Tony818(m): 4:04pm On Sep 07, 2017
Agriculture / Re: How Lucrative Is Poultry Business? by Tony818(m): 10:48pm On Sep 03, 2017
poultry farming is a very business. It also depends on the your whether it is layers or broilers. Layers are mainly for laying eggs, they are usually light in weight. On the other hand broilers are majorly reared for meat. December is around the corner and chicken must be killed visit my blog to get more information http://informationhive.com.ng/poultry-farming-in-nigeria/
Business / Re: Small Scale Paint Production by Tony818(m): 8:02pm On Sep 03, 2017
Small scale production for soap have it all here http://informationhive.com.ng/category/production/
Business / Re: How To Set Up Ur Own Small Scale Paint Production Business by Tony818(m): 7:26pm On Sep 03, 2017
Nice post Op, production is good and can help you become self reliant and financially independent. On my my blog I wrote about a number of product you can produce and make money trading it, steps and all required information is there for free. This is the link http://informationhive.com.ng/category/production/
Business / Re: Reasons Why Small Businesses Fail by Tony818(m): 3:08pm On Aug 28, 2017
Lol. I will
Business / Reasons Why Small Businesses Fail by Tony818(m): 2:43pm On Aug 28, 2017
The Micro, small and medium enterprise (MSME) contribute 45% of total employment and 33% of National Income (GDP) in Nigeria. As good as these analysis looks many individuals wanting to have small businesses fail in Nigeria because real facts have not been taken into consideration.

In this post, we will be exploring 6 major reasons why small businesses in fail in Nigeria.

1.Inadequate Analysis and proper study of Intending Market of entry

Inadequate analysis and proper study of intending markets is a major challenge for startups. Most intending business owners just want to start businesses because they want something to support their 8-5 office work, some just want additional income to Carter for their insatiable needs and of course at a time like this in Nigeria (Recession), one has to be doing something that brings more money into the pocket. These are some of the many reasons people startup businesses and what happens thereafter they fail. Why, because a proper study has not be taken into consideration. Intending business owners must study the market before entering it, a proper study can be done on paper or interaction that is asking questions from people who are already in the market. Study helps Intending business owners to know what they are about to face and how to handle it.

2.Unrealistic Business Plan

A Business plan is a written form of how your business will function. Business plans serve as a manual to business owners, once the business plan is faulty the company will crumble. So before writing a business plan make sure all factors are taken into consideration, the market, its consumers and most importantly the right financial forecast. Finances are as important as the business idea itself.

3.Poor Financing

Inadequate finances is another reason why many startups fail. Once a new business starts stretching to meet consumers demands it loses balance, and just watch folding up is on the way. Intending business owners should get adequate capital financing for their new businesses. Entering a new market requires much capital, one major reason is that existing competitors are already in the market and huge finance is required to compete favorably.

4.Not Knowing your target Market

I will use running ads on Facebook as an example, many people just run ads on Facebook without targeting a particular audience, yeah Facebook knows how important this that why they gave that option. Targeted ads here means advertising your products or services to the people that actually want it. Intending business owners must have their targeted consumers in mind and of course, this should be stated in your business plan.

5.Rigidity

Sticking to a particular plan is risky, Intending business owners should follow current trends. The world is changing, competitors are changing and becoming more innovative so you should too. For example marketing products and services in the old days will require long walks, but now with the introduction of technology one can get customers through Digital marketing, content marketing, Email marketing, paid advertising on Google, Facebook, Nairaland etc.

6.Expansion Problems

Business is in stages. The expansion is inevitable for hardworking intending business owners but it could another aspect where you can fail if the process is not done properly. Once a business is set for expansion all factors must be involved. Factors like employees, office space, Assets etc.

Conclusion

Micro, small and Medium (MSME) scale businesses are supporting sectors that not only contribute significantly to improve standard living but also bring substantial local capital formulation and are responsible for driving innovation and competition in developing countries. You can start up a business too and succeed. The right information is just what is needed.

Source:http://informationhive.com.ng/small-businesses-fail-in-nigeria/

1 Like

Agriculture / Re: Snail Feed For Sale by Tony818(m): 12:49am On Aug 24, 2017
snail farming is a good and lucrative business venture. Although you should also note that snails are not fast growing animals.
Agriculture / Re: Poultry/meat Processing System/plant In Nigeria by Tony818(m): 12:38am On Aug 24, 2017
poultry farming business is very lucrative I love it. Please also send to person.dey@yahoo.com. Meanwhile I read this article for more insight
Webmasters / Re: Webmasters Help On This It's Already Driving Nots by Tony818(m): 11:53am On Jul 10, 2017
Thanks. Bro
Webmasters / Re: Webmasters Help On This It's Already Driving Nots by Tony818(m): 9:53am On Jul 10, 2017
Thanks. But I have done all that and it still not working

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