Due to the state of the economy in Nigeria and how difficult it is for people to get a job after graduating from the university unless you know someone in high authority and even after getting the job, the stress of having to work a nine to five job with little pay at the end of the month many people tend to dive into starting a business both full time and part time without ever considering some factors before they start.

There are lots of business that are been setup every day and those businesses never get up to a year before it is closed down. Not that the business was a bad one but most people never got to seat down and acquire knowledge on how to start a business and this is what this articles is meant to teach start-ups.

Venturing into starting a business is not an easy thing to do as businesses requires lots of capitals, efforts, late nights, hard work before it can break even and most people fail in business because they are not willing to put in the hard work. There is apparently no business that starts making profit in the first year, it is widely said by most entrepreneurs that it takes a start-up business 3 years before they can start making profit.

Believe me starting your own business is a wonderful idea. Nobody can ever be wealthy working a nine to five job but with your own business, depending on the amount of time you are willing yo put into it you can scale it up to a million if not a billion Naira/Dollar business.
For you to start you own business, here is what you need to put in place

Assess Yourself

We all are created differently, there are certain things Mr A can do that Mr B cant. So first of all get to know your strength and weaknesses, what you are passionate about. When you do this, it will help you know the kind of business you should consider going into

Get An Awesome Idea

Not every business you see out there is right for you to jump into, this would involve you seating down and brainstorming what business you can do. One thing to consider while thinking of a business idea is to make sure that whatever business you would be doing must be able to solve other people’s problem. If you have a skill like sewing, hair making, hat and bead making etc. you can think of starting a business around that area of specialty.

I would have love to list out different business ideas but its best you find that out for yourself so you don’t end up moving with the crowd.

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