I'm self employed.

And with the little money I have been able to gather — N500k, I want to start a phone accessory business in nsukka, Enugu state.

But, the thing is that, I don't know if 500k is ok to start the business, I mean, just to stock the shop only. Shop rent and other miscellaneous expenses are not included. 500k just to stock up.

I don't know how profitable the business is.
The shop I found is in a somehow busy street road with residential houses.

Please, how profitable is this business? and would it be ok in that street?

Please tell me more about what you know about this business.

Thank you!

It's a wonderful business idea. But, I advice you should do extensive market survey before you start especially since your capital is small. In fact, get enormous knowledge on the business before you start.

With the knowledge and the busy location, the 500k will be okay, even 300k. If it means paying someone who is already in the business up to 50k to learn the rudiments of the business, do so because that knowledge part is extremely important.

But, ensure that the person you're learning from is not selfish. I believe you can get a good phone dealer via your local church community. I had someone but I've lost his contact.

Another thing you'd need a lot is discipline. Be ready to go hungry a lot. You can turn that to an opportunity to pray extensively. With this, you'll grow very fast.

What can 500k buy? even in buhari Time sef na manage talkless of now abegi. Just keep saving or you can use the 500k to carry 2 sure odd.

Thank you so 🙏

10mobile:
It's a wonderful business idea. But, I advice you should do extensive market survey before you start especially since your capital is small. In fact, get enormous knowledge on the business before you start.

With the knowledge and the busy location, the 500k will be okay, even 300k. If it means paying someone who is already in the business up to 50k to learn the rudiments of the business, do so because that knowledge part is extremely important.

But, ensure that the person you're learning from is not selfish. I believe you can get a good phone dealer via your local church community. I had someone but I've lost his contact.

Another thing you'd need a lot is discipline. Be ready to go hungry a lot. You can turn that to an opportunity to pray extensively. With this, you'll grow very fast.