Many people have always walk up to tell me they can do a good number of the products we import from other countries into the Nigeria market but are scared of competition with foreign products especially price competition. My usual reply has always been start first.
When you start and you are zealous, you would end up creating your own market and with time, you will be reckoned with. Don't just assume, try it, the competition may not be that stiff. When you get to involve, some things will become clearer and your decision will be based on facts. Some of your assumption, you would realize are not true while you would be better positioned to grow your business.
The next time you find that product you have a skill to develop, don't just get angry, be motivated instead.
It is important in life and especially business to prioritize ideas. Some questions that will help us as regard priority includes "when should this idea be implemented?" "Do I have all it takes to implement this idea now, if not, when will I have them?" "Won't it be late to implement this idea in so so and so time?" Etc. Many times, it's difficult to run/implement two or more ideas at a time but through priority we can still achieve them all though at different times. It also prevent tying up of capital and that may even affect both businesses. In priority, it's best to do the easiest first or one in which one has more expertise or one better research. In priority, a schedule is also important. When we ask the necessary questions, it would help us know how prepared we are for every idea we intend to implement less we start and encounter problem not anticipated. Some ideas are best implemented now than allowing them to wait while some are bet...
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