Tuesday, 8 January 2013

How To Become Self Employed In Nigeria - 8 Business Ideas

Have you heard the saying that 'Self Employment Is The Best'? There is noting like you been a boss of your self, great people work for themselves instead of an employer, they generate income from what they no how to do that gives them pleasure.
photo i am the boss

When you become self-employed it means you are carrying on your own business rather than working for an employer and there are a number of things to take into consideration. Working for yourself can have a number of advantages and disadvantages. For example, it means you are in control of what you do, so you can organise your own hours. On the other hand, it can involve working very hard and you may no longer have a regular income.

According to an American Marketing Adviser, it has been prove that 90% of the citizens aim is to be self employed. The nation keeps growing due to these act with different invention coming up both offline and online. In Nigeria today, 90% of the citizens hope on getting jobs and not creating which not good at all.

To become self employed in Nigeria, you need the following ideas;

1. Create a Business Idea from what you love doing.
This is where it starts, being self employed simply means you have a business that you will start, run and make successful. So, you need to think of what product you want to sell, or what service you want to provide. Make sure that it is something you know you would enjoy doing. This is because you would be spending your time, money, energy and other resources. You won’t to waste your precious time, money, energy and other resources on what you don’t enjoy doing.

2. Get a Partner or Partners.
After you have developed one or two sell-able business ideas, you need to look for a partner. It must be someone who believes in your business plan. Someone who is keen on working together with you. A good partner would contribute more ideas to your plan, and immediately you can see how things are really going to work out now.

3. Register for a Business License.
This does not have to necessarily follow after you get a partner but it is a must you register your business for an operational license. This you can get from the Corporate Affairs Commission. They are a body setup for the purpose of granting business the opportunity to be registered.

4. Source for Funding or Bootstrap.
After you have critically fine-tuned your business idea and business plan, the next thing to do is to source for funds or bootstrap. The source of fund can be from you or your partner’s savings or your family’s contributions. You would need to get as much money as you could and keep it only for the business. And incase where the source of funding are not coming with respect to your schedule, you should bootstrap while waiting for funding.

You would need to learn some basic accounting and also have financial management skill. This is because, as you get income from fundings, donations, business sales or you start expending funds on business tools, you will need to record them accordingly.

5. Get Modal.
Find out where you can get the business items you need at good quality and at a low costs. Rent an office (if necessary) in a location that is good for your business or you can start your business from your home or your garage, either to store the items, to sell them, or to provides services. Afterall, most great companies we know of today started in someone garage.

6. Promote/Advert/Market.
Now that you’re ready to work, spread the words about you and your business. You can distribute flyers, sticking up posters, create a website, a blog, social media profiles and pages, place adverts offline and online etc. Just do anything good to promote and drive traffic to your business location (online and offline). Just let your business be known by as many people as possible.

7. Treat customers Right… Always.
When you get your first customer, you would be excited. Let the first few ones be your ‘trial and error’. You won’t know how to make things work well unless you’ve got some experience. It’s ok to go slow and steady.

Do everything possible to stay within the concept of your business. Be professional in handling customers. Meet their needs and give them the opportunity to do more business with you. Keep to time. Be honest and full of integrity…

8. Earn money.
Be patient about your income, in the first few weeks or months, it’s expected to be low. You have to keep believing in it and work harder. Big money doesn’t come easy. Be willing to sacrifice long hours of work. And as the time goes by with serious dedication, commitment, development etc from you, you would go a long way in earning more and more income. This comes with increase in the number of customers you serve.

In conclusion, you will need to see yourself as a business man. One person cannot build a successful business. You will need to put it at the back of your mind that one day, you will start hiring. But before that, I need you to know that you will be working as the CEO, the manager, the accountant, the cleaner, the security officer, the secretary etc in the first few months/years of starting as self employed. In short, you have to be a leader.

This is to let you know that you need to develop yourself in every aspect of business. Read business books. Attend business seminars online and offline. Participate in business meetings. In everything you do. make sure you are developing yourself and your business everyday.


Disclaimer: Note that we make every effort to verify the authenticity of our daily posts, we encourage our readers to also confirm before application. Our advice for you is never to pay any amount of money to any recruiter for job aid or educational consultant for admission aid.
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