Most investors in Nigeria find it hard to decide the type of small business to engage in, but this is not a tough decision to make with the right information. Nigeria’s money-spinning small businesses are not too hard to identify.
You Are Successful, But Challenged
You have been able to achieve what most people could not: you have been liberated financially. Another achievement of yours is that you are set to join the relative few who are sole proprietors or independent business people. But, your difficulty seems to have increased: you do not know which business to engage in. You are not alone, though. There are people like you out there, so these next suggestions will help you.
Look Around You
Your environment can help your business decision-makkng skills. What is needed most around you? What do people demand so highly? What can people never do without, but which they do not have? What would those around you want to spend money for? Now, there you have it. We now know the few small businesses in Nigeria that can spin money for you. Don’t forget, you may need extra funds to support your savings, which means that there can arise a need to [Borrow Cash] , especially from [microfinance] institutions.
Everybody needs food. Also, owing to the nature of our current secular lifestyles, changes in gender roles, as well as our hectic schedules, there is am increasing need for food on the go. Therefore, opening a food stall or canteen is not a bad idea. Again, depending on the amount of cash you have, you can start smaller, or Borrow Cash so as to start small but comparatively bigger. You can also offer rare local dishes, like the famous Calabar soups in a place like Ibadan or Lagos where such are not in abundance.
Barbershops Are Sure Bankers.
There are men who will go hungry just to shave their beards, despite our recent aspirations for membership in the beard gang club. Others will not be comfortable carrying bushy hair for long periods, forget the current hair goals you see on social media.That is why opening a barbershop is not a bad idea at all. Like the suggestion at food stalls/canteens above, you can start small, or seek ways to get loans. You can use our Free Loan Search to get familiar with the right loans and possible [microfinance] institutions to get loans from.
We All Need Transportation
That is not an unfamiliar truth. Everyone needs to move for one reason or the other. One way to make use of this need and [earn money] from it is by investing in small-scale, local transportation businesses. You can get involved in the commercial motorcycle , tricycle (Keke), buses or taxi and other local transport business. You can also do this differently by trying out the less known but highly demanded logistics business. This later type of business is the small-scale manner of helping clients to send their goods to desired locations. Hair dealers and other fashion accessories retailers always need this type of service.
Sales Of Used Clothes(Okrika)
Look at the country. Despite the level of dissatisfaction expressed by the citizens at the government, few or no persons are complaining about what clothes to wear. The used or second-hand clothes business is always a successful one because the demand for such items is high. However, be careful not to break the laws while engaging in this business. The profit,however, is usually underestimated.The business requires little or no loan, and if a loan is necessary, there are various loan facilities available to someone who seeks them where we can assist you.