Skip to main content


Preliminary steps to being a business person
First, there is a need to build your personal brand through some self discovery measures. To start a business does not require a degree or one’s ability to be good in business studies, nor is it for only those in business environment or for those who are very well established in business.
 These may be relevant but they are not prerequisites for starting a business. What it required is having and developing an idea, which maybe what motivates, inspires and makes you determined to work hard for it achievement. Such a person must be an entrepreneur who is willing to bear the risk of a new venture if there is a significant chance for profit, because there is a necessary ingredient for stimulating economic growth and employment opportunities in all societies. When one has taken the decision to start a business, one should identify the types of product and services and the industry one is entering into.
Unfortunately, many ambitious entrepreneurs have failed in their business because of lack of prior information about the business they are in. As a prospective entrepreneur, you are required to explore your occupation by reading and conducting research to enable you to provide information on all the various markets within the industry, including references to new products or development that could benefit or hinder your business. Such enlightenment of how to register your business with the necessary authority, price which is the most important marketing decision and which is of great importance as well as difficult to small and medium scale business owners. Study demography so as to understand the choice of location, the existing competitions, markets, raw materials, distribution so as to decide what makes yours different as well as your advantages.

Comments

Post a Comment

Popular posts from this blog

Prime movers of Agriculture!

It is good that the clamour for Nigerians to return to agriculture from the Olusegun Obasanjo’s administration of 1976 has been sustained by successive government. However, the problem with most of the call to return to agriculture is that those clamouring for such end with the thought of exporting the agricultural produce, this I disagree with. The question is ‘who are the farmers?’ because most times we want everybody to go back to the farm and if I understand what we are saying we are simply encouraging subsistence farming which from age past have never reduce unemployment or increase government revenue. What types of agriculture should we then do?
Post a Comment
Read more

Advise Government to Invest in manufacturing

over the years, government has come out to give assistance to Nigerian entrepreneurs especially the SMEs but it seems the employment rate, the import rate continue to be on the increase. somebody may ask why? The reason is not far fetch, only 10 % of such interventions made their way to the manufacturing sector, most goes into marketing and other services. For any country to however reduce unemployment and importation rate, the chunk of government investment should go into the manufacturing sector. the government should also protect that sector with utmost jealousy. It is time to take the bull by the horn and do the needful until every job seeker in Nigeria gets job. Government officials especially the President and labour minister should also visit our seaports to verify the goods we bring in. If they can be produced here then they are not suppose to be brought here, simple. 
Post a Comment
Read more

Integrity of policies!

Until Nigeria has integrity of policies, our country cannot change!                                  - Benedict Okorie If we say we are banning the importation of any product into Nigeria. It should also come emphatically with duration, say 5 months, 1 year, 5 years or even 10 years. This should also be independent of political party at the helm of affairs. So if party A makes the policy to ban a product for a number of years and party B defeats party A in the general election, party B should also allow that ban until that number of years as pronounced by party A. That's integrity! Anyone willing to go into local production knows the number of years he/she has before the ban is lifted. You will realized that we would have had market leaders before the ban will be lifted. Another aspect of policy I will like government to look...
Post a Comment
Read more