SELF STARTERS NIGERIA

You have brilliant ideas for a new business plan on something you have always been passionate about. After considering all the possibilities and challenges you might have to face in the future, finally you decide to leave your day job and swerve your way into a full-time entrepreneur. From managing financial plan, designing the product and testing the prototype, to testing the potential market, you have prepared everything carefully. But then you start questioning yourself, are you really ready to launch your business? Starting a startup can be an exhilarating experience that will not only drain your energy, time, and money, but also your emotions. As a newbie in the entrepreneurial world, you will more likely feel worried about the future of business you are about to introduce. The equal chances of gaining phenomenal success or total failure often leads to a feeling of doubt and uncertainty about the path you choose. While you might have prepared a detailed and thorough product design...

To wash and Iron a shirt, a dry cleaner will charge nothing less than N500. If you wash 20 shirts in a day, that will make you N500x20 = N10,000. The amount of money you make depends on you and how many regular customers you have. If you are serious about starting a business right now, laundry services may just be one of the business you should give serious consideration. Besides, dry cleaning business is a very clean business that is respectable and dignifying and still brings good money. This is what make the business a must for smart people. BASIC EQUIPMENT YOU NEED TO START THIS DRY CLEANING BUSINESS 1. WIDE IRON TABLE – This is used to press the cloths after they have been dried. It gives cloths a magic touch, making it look as if it was recently bought. GOOD PRESSING IRON – This is a major tool you can’t do without. With N5000, you can get a good pressing iron here in Nigeria. GARMENT CONVEYOR – This is used to hang the cloths you’ve washed. 4. BIG WASHING BASIN – It’s recommende...

A recipe for success in any aspect of life, regardless of industry, culture, continent, religion, race or color, is finding the most authentic version of yourself and expressing it. Look closely at the most successful people in different areas of life and you’ll find a common thread that runs among them. They all have a keen awareness of who they are and what they are about. As a result, they are able to approach life authentically and with purpose, and that’s one of the key reasons for their success.This same fact is also true in business. Name any successful business that has withstood the test of time – CocaCola, Dangote, Guinness, and others – and you'll rea a business that knows who they are and what they are about. That’s what is defined as the “soul” of a business. The journey of an entrepreneur is often fraught with different challenges. It’s often filled with a lot of bumps and more often than not the entrepreneur spends a lot of time trying to keep it together. If you’re ...

A winning business proposal needs to have three basic elements known as  the 3 Ps: The problem, the proposed solution and the pricing information. You need to show to the client that you understand clearly what the problem is that you are trying to solve. You should state enough to show that you also have the solution to the problem. When you know the problem and you have the solution, the pricing information states your fee or, if you are looking for funding, ensure you state the profit-sharing formula. Draft a sample business proposal now using the information below: Do your research:  Find out everything you can about your potential client. What is their mission and goal? What problems do they face and how does your proposition help them solve the problem? People only listen to you if your idea helps them fill a need or problem – keep this in mind. If your proposition does not help a client fill a particular need, you need to reconsider your pitch. Keep your propos...

Who is an Intrapreneur? There are many possible situations where a potential entrepreneur doesn’t get a chance to establish or fund his or her own business and is forced to work in an organization. In this case they are referred to as ‘Intrepreneurs’ i.e. entrepreneurs within an organization.  These individuals are also entrepreneurs because they don’t share the typical “employer employee” relationship with their bosses; instead, they operate just as collaborators and are treated as visionaries in the organization. The above is one of the reasons a Nigerian startup known as Rudimentary Alternative offers support and teams up with intrapreneurs to build diverse range of ideas or projects. RUDIMENTARY ALTERNATIVE IN FOCUS Rudimentary Alternative is a Nigerian startup that believes in working with intraprenuers to tackle social development issues one creative idea at a time. Rudimentary alternative is a creativity hub focused on merging creative ideas and sustainable solutions with so...

SMART Goals Goals and objectives motivate people and help them to work in the right direction. This helps them to focus on short term goals by giving them enough time to achieve them. In other words, the strategy for your goals should be  SMART , which when elaborated in this context means − ●        Specific  −  The  first thing is to be sure about your goals. Like imagining your goal for 10 minutes every day. ●        Measurable  −  Set a time by which you should probably reach your goal. Like becoming more productive and increasing some percent of productivity is not specific. ●        Attainable  −  Make goals that you can achieve within the given timeframe. For example, if you are thinking of doubling your salary within a month, it is not possible. ●        Relevant  −  The  goals you aim should be like your s...