USEFUL TIPS: LEARN HOW TO BE SUCCESSFUL BY SMALL SCALE BUSINESSES ANYWHERE IN THE WORLD

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"Start with with what you have from where you stand with what you see".
Several times without number I have come across 99% of the total population of West African individuals who continually make this regrettable and suicide entrepreneurial mistake. What do I mean by " suicide entrepreneurial mistake or business opportunity blunder of the highest level? "

Suicide entrepreneurial mistake or business opportunity blunder of the highest level can be seen as the way or outcome of entrepreneurial or business quack men and women who foolishly and ignorantly chasing the glamourisation of the multi billion or million businesses to establish but finally achieved nothing at the long run.


There is nothing wrong with he who dreams big to own a company or business worths trillions or millions of dollars or naira; but everything is quite wrong with he who shuns the small scales businesses for the hope of catching the big fish of businesses but could not get hold of anyone after years of wastefulness and failure. This is happening to almost everyone in the world today; that is why millions of individuals, if not trillions across the globe are wallowing in perpetual difficulties, sufferings, poverty and miserable life.

Why wasting the precious time for tomorrow that is not yours? You can only claim what belongs to you. I want to inform you that there is hundred percent possibility of utilization and management of business opportunity for you to utilize and gavage your treasury with everything at your disposal today, but there is no warranty or guarantee made by man or God above the earth or beneath that you have the whole tomorrow. Never misunderstand the way of God and keep yourself in the bondage of time barrier. Remember, he who fails to manage and utilize his time judiciously never advances very well in life. If you really want to be counted among the successful, you have got to learn the importance of time and grab every bit of business opportunity that comes your way.


Now, let's go into the real business of the day. You can ask, what is the business of the day?  The problem with many people is that they always overlook small scale businesses; while they are busy Kindle for the bigger ones forgetting that time is no man's friend. Stop heaping your money in the bank waiting for the right time to invest it on a bigger business. I hereby present you with indisputable three things you must know about the money you fixed-store in the bank:
1. If anything eventually happen to you, the bank will clear your account
2. The bank is making hell of money from your money through interest rate for borrowing it out to customers and great merchants, while you make nothing with it
3. The repercussions of not investing your money are awaiting you in form of poverty, unfulfillment, discomfort and wretched life

My dear readers, there is nothing like investment! The money you keep in the bank is like a dead plantain tree that has no value for the owner. Think of the business to invest that money on today.  Or are you still confusing about the business to start with? Don't you know the type of business to invest your money on? This is the time to look inward! Search yourself and tell yourself what business you can do with passion. Your passion for your business brings about your mansion in the monetary value. I would have preferred to suggest you some business ideas you can spread your wings on, but due to location differences I think it's right you examine your location and choose one for yourself.

Sticking to my point; when the desirable is not available, the available becomes desirable. Why are you neglecting the small scale businesses? You don't know where your door to the pool of wealth will be opened! It can be through that very business you have been ignoring. Start it today! There is no more time for procrastination. As you start with that small one, along the line the bigger one will burst in your way. What matters is just to start with what is in your possession, as you advance you will enlarge into a big time business.

Meanwhile, before I introduce you to the reasons why you should embark on small scale businesses I would like to quickly give you head up on business ideas that can generate you a huge amount of money if you can only invest your money on it with passion. As I said earlier, due to location differences, I can not suggest any lucrative business idea for all of you;  but for the sake of those who live and want to do business in Nigeria, I have come up with few but eight very lucrative business ideas that yield unimaginable profits in Nigeria as it is today. Here it comes:

1. BUYING AND RE-SELLING OF KEROSENE AND PETROL: Undoubtedly, a lot of people overlook and totally downgrade this business idea. It yields a hell of profits especially this period of economical meltdown in Nigeria that almost all the filling stations strike and fuel scarcity has become a usual business every now and then.

REQUIREMENTS:
∆. You need a pump tank to store up your kerosene and discharge to customers.
∆. You need to search for a better site
∆. You need at least two hundred thousand naira (N200,000) for a start.

Note: it is not compulsory that you have the pump tank. You can as well decide to purchase enough drums where you can store it if you don't have the money for pump tank.

Trick: Make sure you purchase more than required when there is no more inflation. Prices of commodities are like a ravaging ocean. It always rises and falls. When there is deflation in prices; even if you don't have cash at that very point in time, never hesitate to borrow or get a loan from friends in order to get the products in large quantities. You can decide to sell or leave it till there is inflation so that your profits would be trippled.

2. COMPUTERS AND PHONES ACCESSORIES BUSINESS: This is one of the most lucrative businesses right now in Nigeria. Guys are making unimaginable hell of profits from this type of business in Nigeria every day. Imagine you buy an accessory of N60 or N70 and resell it at rate of N250 or N300!  Or imagine you buy a laptop for just N10,000 or N20,000 and you resell it at the rate of N50,00 or N85,00! That is cool business!
I didn't know there is such huge profit in phone accessories business until I was privileged to follow one of my brothers to computer village. It was this day I got to know that we have such lucrative business here in Nigeria.

REQUIREMENTS:
∆. You need a container or wooden  kiosk to operate
∆. You may need a shop at computer village for a large volume of goods
∆. A correct, readable and reachable contact address
∆. You need to have at least from N100,000 to N1million naira to start in a standard way.

3. SPORTS AND GAMES CENTER: This is really moving in Nigeria today. Sports and games center is where people come and watch football matches, play games for money. Undoubtedly, these days almost everybody has developed passion for sports. This percentage in the number of people who love to watch live matches and play games is always on the increase thereby vividly signify that he who invests his money on this type of business will never loose.

REQUIREMENTS:
∆. Some numbers of benches or chairs (not specific), it depends the size of the room or site you are using.
∆. A plasma TV and decoder
∆. Including but not limited to, you will need up to N170,000 or above to start this type of business.

4. PERFUMES BUSINESS: I know for sure that many of you might have not gotten any slightest knowledge or sense of this business idea. The perfumes business can be seen as the most lucrative business among all other cosmetic businesses in Nigeria today. I have a friend who makes N30,000 every blessed day from this type of business.  If you multiply N30,000 by 30days, it will give you N900,000. Tell me, how many people are earning up to that amount in a month here in Nigeria as a salary earner?
This man I am telling you does not have a shop neither has he any known arena for customers to patronise him. He Hawks his perfumes; and never one day he came back with less than N15,000 if there was no market at all.  Imagine what if he has a shop where customers can easily locate him!

REQUIREMENTS:
∆. You need a start up capital of about N50,000
∆. Choose where to carry out your business

Note: In case you want to own a shop, this attracts additional amount.


5. BUYING AND SUPPLYING OF CORPERATE SUITS TO COMPANY STAFF: This business also moves very well if only you have customers service skills. This type of business is good for those who know how to convince people very well. If you think you can convince people with the words of your mouth, fine; you are good for this type of business.


REQUIREMENTS:
∆. You need a start up capital of about N40,000 for a start
∆. You need to build strong relationship or connection with almost all the staff of banks, insurance companies and other big organizations in your area for this type of business to flourish very well.

6. RESTAURANT BUSINESS: This is a great and awesome business idea that he who wants to make cool cash should invest his money on. Restaurant business seems to be the most lucrative business in Nigeria today simply because we all eat every day. In fact, not that it seems, it is the most lucrative business so far. The reason is very obvious! There is no one who doesn't eat every blessed day. Everybody eats everyday! Food business can never be overemphasized when talking about business to invest one's money on.
I would like to enjoin every one who wants to do business in Nigeria to go for restaurant business.

REQUIREMENTS:
∆. You need a start up capital of about N200,000 for a standard one
∆. You need a standard chamber/room/hall
∆. Some sets of center tables and plastic chairs
∆. A TV set to entertain your customers


7. FROZEN FOODS BUSINESS: This very type of business, due to its high demand and usability by almost every household is rated more productive and profiting than the first five forgoing types. The reaon is that there is no household in which fish, turkey, chicken, beef, e.t.c is not used for cooking. Every family cooks with at least one or two kilo (s) of frozen food every day. The important aspect to look at when choosing business to invest money on is the "Demand and usability" of that commodity by the general public. This also means your target audience! The succeeding of every business lies on the reliability of audience it has built; or how much people cannot do without such commodity or product.
 Frozen food business is one of the most lucrative businesses in Nigeria, today.

REQUIREMENTS:
∆. A deep freezer
∆. A shop
∆. A standard generator
∆. business booming area
∆. A start up capital can be calculated or estimated base on the requirements outlined above.


8. WHOLESALING OF PETTY GOODS: This is another business that yields unimaginable profits in Nigeria. You may ignore this type of business idea but, I tell you it's very lucrative if you set it up in a very busy area. If you want to set up this type of business, the first thing to consider is the site, area where there are more populated individuals both during working hours and free hours.
Note: make sure you clearly indicate that you are different from other traders around that vicinity; that all your markets are sold at wholesale price. Definitely, a lot of people who buy and sell as retailers will flood your shop as they buy and make their own profits by selling to the final consumers.

REQUIREMENTS:
∆. A start up capital of about N200,000 depends on how big or small  you want to start
∆. A shop
∆. Good customers service approach/skill
That is all!

Start with the tools at hands, as you advance the bigger and better ones will be found. Never neglect any business idea because you don't know where  your door to the pool of wealth will be launched and unveiled from!


However, kindly take your time to go through my top seven reasons why you should not ignore, neglect or downgrade small scale businesses. My top seven reasons are as follows:

1. Unimaginable and unquantifiable profit: Due to low prices of operation of selling in order to make small profit results in quick turnover; and as a result of this quick turnover, they (owners of the small scale businesses) continue to wax more stronger in business.

2. Hours of business: The hours of business or operation of small scale businesses are different from the hours of those public organization or enterprises. Time is money! Some of these small scale Business owners open from morning till late hours in the night unlike public enterprises that have fixed opening and closing hours. Some of them also open on public holidays, Saturdays and Sundays. Therefore, the system has become a kind of marathon selling system which generates a lot turnover, gain and profit.

3. It needs small capital requirements: The start up capital for small businesses is low compared to those partnerships or public enterprises; and as a result of this, it's very easy to start. In every business, two major things always happen. If you don't lose you must gain, right? So, in the case of small scale businesses, no matter how their capital is or reduced to by losses, they continue waxing stronger for the hope of making profit in the future.

4. Pride of ownership: It is everyone's wish to be addressed with respect of ownership. Everyone is proud to be called the owner of any lucrative business entity. Therefore, the pride of ownership makes those that have their own businesses to carry out their job with zeal, passion because we all know that independence has no alternative.

5. Free from great risks: People who indulge in small firms have greater advantages over those who run large scale production, because those who run big enterprises always face severe risk of losing their capital, resources, property they invested in the business. My dear readers, after a deep understanding and evaluation of this risk facing by those large businesses, I strongly hold to this very reason why you should invest your money on small business no matter how small profits accruing to your business; because it's better you keep making small profit continually than losing the whole money, property and resources you will invest in the larger enterprise.

6. Lack of trust: The simple reason why you should go for small business organization than public enterprises is the lack of trust in the public business organizations. In public business organizations, there is always this problem of assassination of their partners when it comes to profits sharing; but in a private business, you have all the profits to yourself. Obviously, lack of trust does not exist in a private business.

7. Personal concentration and attention: Unlike public business organizations where workers, employees do not give serious attention to their work thereby resulting in some negative outcomes against the organization. In a private business, their owners show personal interest, attention to their job and their customers thereby resulting in high profits to the owners. The level of attention you give your business determines the level of profits you will make from the business.

Finally, my dear readers, before you close this window, I challenge you to maje a choice of the business you can invest your money. Stop heaping the money in the bank without investment. From my list of business ideas above, you can pick one today. There is no more time to waste. Time is money. The earlier you start the better it will become in future.