October 19, 2016

Profitable Businesses Easy to Setup in Nigeria

profitable business SME Nigeria

It’s no longer news that we are in a recession. Times are hard and the worst hit are those with little or no means of daily or monthly income. What with the widespread laying off of workers by Corporations such as the Banks and oil firms? Even looking through rose-tinted glasses, one cannot fail to see how deplorable the state of our economy is. However it’s not all doom and gloom. Yes, a trip to the market these days is not on for the faint-hearted. Nevertheless, there are some people who still manage to live within acceptable standards by simply being creative. It is pertinent to note that abundant proitable business opportunities abound even in this unenviable situation  we find ourselves.
The key to economic freedom lies in possessing the right information and then working on such. An idle mind is the devil’s workshop, so says an adage. Even if you don’t believe in a sinister being with a magical pitchfork cavorting around, trying to mess with people’s brain, I’m sure you’ll agree with me that more can be achieved by doing something POSITIVE than by doing nothing at all.

Knowing fully well that information is power, I decided to take it upon myself to research into genuine SMEs (Small and Medium Scale Enterprises) that can be easily set up anywhere in Nigeria. Of course I’m talking about reasonably profitable businesses. You don’t need to sell your fathers house to do these businesses. I’m talking about things you can start with as low as N5000 and grow steadily. If you thought you’ve found a way to turn your 5K to 500K within two months, I’m sorry this is not for you. So shoo shoo, move on, and I wish you all the best. Just be careful with the law.

The major tools you need for these ventures are :

1) A burning desire to succeed
2) Some business sense
3) Ability to learn and adapt
4) Branding and re-branding
5) Small start-up capital

Some of what we shall be discussing are things you’re already familiar with, others not so. What I provide is in-depth analysis of various business opportunities, which I hope will help you to make the right choices and gain economic freedom by setting up your own profitable businesses with minimal stress.
At this point I need to make it clear that I’m no expert in Business or Economy. Neither am I an expert in most of the ventures I will be laying out. However I have taken time to meet with people who engage in these ventures as a means of livelihood and are doing very well. In some cases, I’ve sought for second opinions from other practitioners doing the same thing just to be sure. Feel free to send in your questions and ask for clarifications where and when necessary.
And watch out for video excerpts of my interviews and be inspired to do even better than these regular Nigerians who have decided to challenge fate and disgrace poverty!

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