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Nairaland Forum / Nairaland / General / Business / Should I Close My Business? (427 Views)
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Should I Close My Business? by Reece5: 8:22am On Jun 19, 2021 |
Good morning all please I need urgent advice I have a fashion shop which has been running for sometime now but the income coming in is nothing to write home about plus the fact that the workers I employ to sew keep leaving every month for no just reason. I'm fade up and frustrated because I nvested all my savings in the business. Now I'm pondering on changing the shop to another business or turning it to a boutique or just shuttinng down and counting my loss Please I need advice on what to do or what type of business I can combine in the shop or convert to entirely.. My shop is located at Calabar not too busy area Please mod help move to front page for more contribution, I'm almost loosing it right now. |
Re: Should I Close My Business? by Eriokanmi: 8:45am On Jun 19, 2021 |
After entertainment, fashion is the next money-spinning business globally. What type of clothes do you sew and who are your customers? Maybe you need to try infuse modern styles into your line. I know of a lady who lives on the outskirts of warri but only sews for export. She's planning to open a fashion school now. The least of her work is 30k and the does it so well. They pay her in hard currencies. Maybe you need to advertise on social media. Unfortunately, our useless government has banned twitter where I'd have referred you to showcase your products. You may try Facebook or IG. Make plenty of friends online . You may try nairaland too for a paid advert. I got all my house and company artisans and material suppliers here and they all gave me the best. Do not close that business...it's as lucrative as oil. There's a guy who sews only native for export too. He's built a house. Enough said. 1 Like |
Re: Should I Close My Business? by psucc(m): 9:26am On Jun 19, 2021 |
Op, the current economic situation is affecting not just your business alone but slot more. In fact, you need to look into your books, sales records and expenditure profile. Check to reduce your cost to reflect current reality. More so, do not think of closing but how to reintroduce the business and make it attractive. 2 Likes 1 Share |
Re: Should I Close My Business? by SimplePlan34: 10:46am On Jun 19, 2021 |
Very easy open a Facebook page and Instagram handle showcase ur wears make it cheap na marketing be bizness |
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