Business failure by definition is a business that has closed or ceased operations for whatever reason.
The result of a business failure in most cases is the loss of creditors’ investments in terms of funds, time and other investments put into such a failed business.
Whether you’re starting a business or expanding one, one of your primary concerns may be avoiding business failure. The percentage of businesses that fail within their first few years is quite alarming.
Unfortunately, business failure is commonplace: 20 percent of small businesses fail within their first year, and 96% fail over 10 years. What’s even wild is that the remaining 4% aren’t necessarily successful – most of them may just be staying afloat – barely surviving.
How can we prevent small business failure? Let’s explore the some reasons why businesses fail and learn how to overcome business failure, they can be avoided. But first, what does failure mean to you?
Eight Primary Reasons Why Businesses fail and How To Prevent Business Failure
Many business owners want to know why business fail; many more want to know how to prevent failure. This article is an expose and guide on how to navigate these business pitfalls. Plesae let me know your thoughts on the comment section.
Business failure Definition – Failure is a relative term. What others may consider as failure may be seen as pivoting or something else by others. For the purpose of this article, a business is deemed a “business failure” if it has ceased to exist.
However, there may be entirely legitimate reasons why a business may cease to exist, irrespective of the number of years it has existed. For example, the owner may be considering retirement and decide to shut down the business rather than try to sell it or transfer ownership; this isn’t a failure.
Here Are Some Causes of Business Failure
Why Businesses Fail
Failure is interesting – It’s part of making progress. you never learn from success, but you do learn from failure.
James Dyson, British inventor
1. Problems with business plans
The foundation of a successful business is a solid and realistic business plan. Your plan should detail your business’s goals, how it will achieve those goals, as well as potential problems and solutions. It is important as a business owner to understand these major pitfalls and how to prevent failure.
Having a business plan and following it is essential to prevent failure. Trying to double your spending or change your strategies will only lead to business failure. Keep your business plan constantly updated – No business plan is extensively accurate. If it is inaccurate, it is better to find out what is wrong, fix it, and follow a new strategy rather than making significant changes based on a few quick observations.
If you make more mistakes, the more expensive your business will become and the greater the likelihood of failing. You could prevent failure by having a well researched and solid business plan.
2. Failing to Conduct Adequate Market Research
Imagine that you’ve always wanted to open a real estate agency business, and now that you have the means to do so, you lose sight of the fact that the real-estate market has collapsed, and there are already too many agencies in the area, making it extremely difficult for you to break into the business. (Note that this is only an example and does not represent the current state of Real Estate).
In addition to conducting a solid market research, you could prevent failure by studying what you business competitors do in the market.
3. Bad location, online presence, and marketing
If foot traffic is your business’s primary source of revenue, the wrong location could be catastrophic. However, a weak online presence could be just as dangerous. Nowadays, your company’s online presence and social media strategy can be as important as its physical location. Having an online presence will make people aware that they can give you their business. If your business needs are already there, the next step is showcasing your availability and visibility.
Marketing is similar to this. You must not only make sure your marketing reaches people but the right people as well. Make sure your marketing strategy aligns with the audience you are trying to reach. An Internet company may not benefit from giant billboards, just as heavy-construction businesses may not benefit from online advertising. When the need for your product or service is already established, ensure you’re reaching out to the people who need it.
4. Insufficient funding
Cash is king. Supervise your cashflow and avoid going into unnecessary business debts.
When you have just started a business and things aren’t going well, and your business is struggling, it’s not a good time to ask for another loan. As an entrepreneur, you can plan to start with enough money to finance your business until the point where cash starts to flow into the business.
At the beginning, stretching your finances might mean that your business never gets off the ground, and you’ll still owe a lot of money.
5. Too rapid expansion
Why busineses Fail
After your business has been established and considered successful, it’s time to expand. However, expanding is like starting all over again. Be aware of the new markets and areas into which your business plans to expand to. Make sure that when you expand, you do not lose the scope and focus of your company. It is important to understand new products and services.
Businesses that expand too rapidly and do not take the time to research, strategise, and plan, may suffer unnecessary financial drain and ultimately lead to a failed business.
6. Staying rigid
Don’t get complacent after you do all your planning, set up your business, and gain customers.
It is possible that the market need you’re fulfilling won’t always exist. Keep an eye on market trends and know when to adjust your business plans and strategy. Not reacting appropriately to changes in the marketplace is as risky as not growing.
Though some businesses thrive at the time when they need to change or adapt, their successes make it difficult for them to realise that in order to be successful, you need to embrace change. In most cases businesses stay rigid for fear of business failure in an unchatted territory.
Companies such as Music or Blockbuster videos can serve as examples of how a thriving industry can undergo dramatic changes such that if they refuse to adapt to changes in the marketplace, they end up as failed businesses. Examples of such businesses are: Blacberry, Enron, and Kodak.
You can adjust your strategy to remain successful by staying on top of major trends.
Most entrepreneurs do not understand how to provide real value to their customers. It is important to know what your customers want and how to solve their pains. If your business does not provide adequate value to an adequate number of customers to derive profit, then it would inevitably fail.
How many businesses fail each year?
More than half of all small businesses fail within a year, according to the SBA estimates in a March 2013 Forbes article. Also from the SBA, 10 to 12 percent of small businesses with employees close each year. In contrast, sole proprietorships fail three times more frequently than this. Some of this can be attributed to the ease with which sole proprietorships can be opened and closed.
Fundera’s research also found that about 20 percent of small businesses fail within their first year based on several research and studies. Thirty percent of businesses will fail within the second year. Nearly half will fail by the end of the fifth year. Approximately 30% of businesses will remain by the end of the decade, representing a failure rate of 70%.
The industries projected to be the fastest-growing in the next few years are alternative energy, health care, and information security. Entrepreneurship success rates in these fields are expected to be more than average.
Occupational growth for solar and wind energy installers and technicians is predicted to be 63% and 57%, respectively, by 2028. In that period, home health care aide jobs are expected to increase by 37%, and physician assistant and nurse practitioner jobs by 31% and 28%, respectively. The number of jobs for information security analysts is expected to rise by 32%.
Jobs are also expected to grow in the following industries by 2028:
Software development: Jobs in software development are projected to go up by 26%.
Physical therapy: Physical therapy assistants and aides will likely see 27% and 23% growth, respectively.
Forestry: Positions for fire inspectors and prevention specialists are expected to grow by 24%.
Industries with the lowest survival rates in Nigeria
From 2018 to 2028, a diverse set of industries will likely experience declines, including:
All of these reasons why businesses fail shouldn’t scare or discourage you from starting your business. On the contrary, the aim is to arm with helpful information to know the pitfalls to avoid, especially as a new business.
Although the rate at which businesses fail in the first two years are around 20%, it does not mean that your business has a high rate for failure. By researching and planning your new business, you can avoid many pitfalls and stand a good chance of making it to 15 years and beyondand probably have the chance to take your business to the level of an IPO.
The Federal Nigerian Youth Investment Fund is an initiative of the Federal Government of Nigeria has launched the Nigeria. It was setup to help youths achieve their dreams of being self reliant through the proliferation of the in Youth Investment Funds Program.
But, have you wondered what the program is, its primary objective, target youth category, what you require to participate, and so many other questions that should naturally come to mind?
If you are like me, I bet you have.
During the launch of the program, Sunday Dare, the Minister for Youth and Sports Development, said that the NYIF underscored the importance placed on youths by the current administration.
The Minister said that the Fund, which is an initiative of the Federal Ministry of Youth and Sports Development and funded by the Central Bank of Nigeria (CBN), would be spread over three years to cater to youth-owned businesses and investment needs.
The Fund is to help youths with bankable business ideas fund their businesses.
Types of Businesses That Get Funding for the NYIF
Agriculture and related value chain
Construction
Logistics and supply chain
Healthcare value chain
Technology/ Innovation
Creative sector
Green Economy and Renewable energy sector
Manufacturing
Hospitality/Tourism
Trading and Services
The NYIF Interest Rate
The loan provided under the NYIF has an interest rate of 5% per annum. Youth applying as an individual or non-registered businesses can draw up to two hundred and fifty thousand Naira (₦250,000.00). In contrast, youth who own registered companies can apply for up to three million Naira (₦3,000,000.00).
ELIGIBILITY CRITERIA
Official Government Identification
Applicant must be between the ages of 18 and 35 years old
Notarized Guarantor Forms
Passport photographs
Bank Verification Number
Training Certificate
Fundable business idea
Registered business
Nigeria Citizenship
NYSC certificate for graduates
Other criteria (Sole Proprietors)
Be between ages 18 and 35
Have business/enterprises domiciled and operational in Nigeria
Has a clear financial crime record from the last 10 years
Has a valid Bank Verification Number (BVN)
Possess Local Government Indigene Certificate
Formal Business Enterprises
Evidence of registration with Corporate Affairs Commission (Certificate of Incorporation and Form CAC 2A)
Business questionnaire
List of Directors with BVN numbers
Evidence of regulatory approvals will be provided on demand
Tax Identification Number (TIN)
In you need help registering your new business, call 07051114444
Loans are with a tenure of five years and moratorium of up to 12 months.
There are, however, some criteria that must be met to give you eligibility to draw from the loan’s pool of Funds – you can get details of the NYIF requirements here.
On the sustainability of the initiative, the minister said: “It is my belief that the fund will grow to become a permanent feature of our society, where beneficiaries run successful businesses and repay the loans.”
What are The Application Portals for the Nigerian Youth Invest Fund (NYIF) loan?
If you need help with processing your loan application for the NYIF or need a bankable business idea with a business plan, then send an SMS or a Whatsapp chat to 07051114444 now.
Ineligibility
Applicants who are a active part of any other NMFB loan scheme – the targeted credit facility (TCF) and agribusiness/small and medium enterprises investment scheme (AgSMEIS) and active beneficiaries of other government loan schemes that remain unpaid are not eligible to benefit from the NYIF.
As a part of the federal government plan to sustain Micro, Small and Medium Enterprises most affected by the Covid-19 pandemic, President Buhari approved N60B for the MSME Survival Fund and N15B for the Guaranteed Offtake Scheme.
These two initiatives are to stabilize and help micro, small and medium businesses pay employees, which will, in return, save existing jobs, and also increase employment opportunities.
In keeping to its promise to support businesses overcome challenges posed by the COVID-19 pandemic, the FG is set to commence nationwide implementation of 2 MSMEs initiatives; the MSMEs Survival Fund (N60b) and Guaranteed Offtake Schemes (N15b). Read the details, register and RT. pic.twitter.com/hSa9llwMKu
This initiative is to provide immediate relief to businesses for three months.
Beneficiaries of the fund:
The focus of the MSME Survival Fund is to help two groups of people: MSMEs and self-employed individuals.
Both the MSME Survival Fund and Guaranteed Offtake Scheme have made provision of a 5% special need and 45% female business owners.
Registration Steps and Requirements
Requirement for Registration
To register, you must be the Founder/Proprietor/Administrator of the MSME that you are trying to register.
Register your personal details to start the payroll support application. Instructions at the top of the form will guide you on the required fields that need to be filled to complete the initial registration.
On registration, an activation code would be sent to your phone and also your email to enable you to activate your account. On successful activation, you would be asked to log in to your account where you would see your registration progress and other profile details.
Step 1 – Personal Registration
Step 2 – Register Your Organization
Note: You must register for your unique SMEDAN Unique Identification Number (SUIN) and you would need to fill in the details of your employees, but unfortunately, that form is not available until October 1, 2020.
Guaranteed Offtake Scheme
While the goal of the MSME Survival Fund is safeguarding employment, the Guaranteed Offtake Scheme is to protect and sustain Micro and Small Enterprises’ income from the adverse effects of the Covid-19 pandemic.
This scheme will birth various initiatives geared towards boosting production capacities of micro and small businesses.
Duration of The Guaranteed Offtake Scheme
This scheme is to last for a period of 3 months.
Beneficiaries of the Fund
MSMEs registered in Nigeria
Features of the MSME Survival Fund and Guaranteed Offtake Scheme
Payroll Support: For a period of 3 months, 500,000 MSMEs affected by the Covid-19 pandemic will be supported with N30, 000 – N50,000 per employees to pay their staff.
General Grant: 100,000 MSMEs affected by Covid-19 are to be granted N50,000 each survival grant.
Operations Grant: 333,000 transport business operators and artisans will be provided with N30,000 each to make up for their income loss during the Covid-19 pandemic.
Guaranteed Offtake Scheme: The federal government will bulk purchase products from over 100,000 businesses to keep these small businesses functioning and save jobs.
Note: Please ensure you register your business at www.smedanregister.ng before applying for the payroll support fund.
What is the Take Off Date of the SME Survival Fund
The take-off dates of the SME Survival funds have been scheduled based on the categories of the intending beneficiaries. They are as listed in the photo attached.
What is the address of the SME Survival funds Portal
The address of the SME Survival funds portal is www.survivalfund.ng. But please ensure that you register your business at www.smedanregister.ng before applying for the payroll support fund.
I guess you want to have an idea of profitable businesses in Nigeria. This article gives you a deep dive into not just profitable businesses, it focuses on the fastest growing businesses in Nigeria today and how you may successfully venture into them and become profitable.
As Africa’s largest economy, the Nigerian economy abounds many opportunities for business growth. There are different businesses you can invest in, but there are fast-growing businesses that do not take so long to become profitable.
Notwithstanding their growth rate, there is still the need to work on your marketing efforts alongside other growth strategies to get these businesses to grow. They, however, grow faster than others due to certain peculiarities to Nigeria and Africa as a whole.
If you’re looking for fast-growing businesses that you can invest your time, money, efforts and resources in, this article is for you.
This article is on a collection of fast-growth businesses that is worth your investment. Though there are several fast-growth businesses, the following are amongst the top on the list:
Fast-paced life in the cities has made laundry and dry cleaning business a prosperous one. Little wonder that it claims its spot on this list of the leading fastest growing businesses in Nigeria. People are so busy that they would instead outsource their laundry than to do it themselves.
Even the less active people hate to do their laundry themselves.
If you’re passionate about laundry and dry cleaning, this might be the business for you.
How to Start Laundry/Dry Cleaning Business
The first thing needed to start laundry and dry cleaning business is to be passionate about cleaning to come extent. Usually, laundry is a hated chore, so if you want to build a business empire out of it, you must be passionate about it.
It is also vital you understand the difference between laundry and dry cleaning. Laundry is washing clothes and other materials with soap and water, while dry cleaning is more technical. Dry cleaning involves cleaning without water; mostly with chemicals such as Perchloroethylene, Glycol Ethers, etc.
The above-mentioned difference between the two will require you learning the techniques. The best way to learn is by going to a physical laundry/dry cleaning shop for a few months. It might sound tasking, but there are tricks those professionals dry cleaners know that you might not know.
You can leverage some YouTube videos to learn the techniques needed to run a dry cleaning business successfully.
How to Keep the Business Successful
The best way to successfully run this business is by learning the ropes and going professional. Just because it’s fast-growing doesn’t mean you should jump into it without equipping yourself with the needed skills and knowledge.
Tell people about your business and the value you’re giving to them. You must be ready to bring something new to the table. You should be able to answer prospective customers’ questions on why they should use your services.
People are entirely mindful of their clothes. They may not like doing the laundry themselves, but they’re concerned about who’s doing their laundry.
Use social media to your advantage. You mustn’t have a fat bank account to push your business on social media platforms. You can start with Facebook, where you have friends, relatives, former colleagues and former schoolmates. You can run Facebook promotions on your business page with 1,500 Naira.
You can later extend to Instagram and Twitter. If you can’t create time to manage your business pages yourself, some influencers can help you out for a token.
You can register the business name with the CAC for only 5,000 Naira. People trust registered businesses more than unregistered ones.
Do all that’s needed to put your business out there.
Financial Capital Needed
How you start depends on your capital. The beautiful thing about this business is that you can start from your house with some essential items needed for laundry/dry cleaning. If you intend getting a shop, it will cost you more depending on your location.
Here are some things you’d be needing to start a laundry/dry cleaning business:
Item Needed
Cost Price
Washing machine
50,000
Dryer
98,000
Iron board
30,000
Electronic iron
6,000
Hangers
15,000
Pegs
3,000
Buckets
2,000
Basins
3,000
Laundry soaps and detergent
3,000
Brushes
4,000
Garment conveyor
25,000
Bleach
1,000
Power generator
85,000
Banner
10,000
Stickers
5,000
Business name registration
5,000
Social media promotions
5,000
Other essential tips to effectively run a laundry/dry cleaning business:
If you have a car, you can add “Pick and deliver” to laundry business. Customers prefer a laundry service coming to pick up their clothes and return them.
It’s a competitive advantage if you have a car and employ other hands.
Find out what your competitors are charging and know how to fix your prices.
Poultry Farming
Poultry farming is a very profitable business, and that’s why it is speedily climbing up the fastest growing businesses in Nigeria ladder.
Unlike what many people think, poultry farming isn’t only about breeding chickens or egg production. There are four significant activities and possibilities with Poultry farming:
Layer breeding
Broiler breeding
Poultry feeds production
Poultry equipment production.
Poultry farming, as a business is broader than people think. And that’s the reason it’s essential to understand whichever branch you decide to venture.
Know that every branch is profitable, depending on how you run and manage the business.
Why’s Poultry Farming a Thriving Business?
Considering the profit poultry farming yields, it is only logical to understand why it’s thriving. The increase in the consumption of white meat which includes chicken, turkey, duck and other birds fall into is due to the health implications red meat has. All age groups consume white meat, unlike red meat. Apart from that, it’s affordable and readily available.
How to Start This Business Idea
The first step to take when starting this business is to take time to learn about the business. You might think breeding chicks and layers is all about feeding them, but that’s not the case. Have it in mind that one single mistake can lead to the death of thousands of chicks. There are tricks in every business you have to learn to succeed, know them.
After researching and learning about the different branches of poultry farming, you have to decide if you will be breeding chicks, breeding layers, or both. This decision is a result of the knowledge you’ve acquired from your trainer. Specialize in the area you’re good at.
Set up the poultry farm. This can be done in your house, rented land or acquired property. It depends on your budget. But wherever you choose, make sure it’s conducive for the chicks, layers and eggs.
Another factor to consider when setting up your poultry farm is your access to water, power supply, motorable roads.
Structuring the farm can be done in three ways:
Fencing system: This is a poultry farming system where the birds freely roam around in a fenced area fending for themselves. This structure isn’t advisable for a business.
Sawdust system: This is a poultry farming system that use sawdust as the main cage system. It allows the chickens to move freely. It’s imperative to change the sawdust regularly to prevent the spread of diseases.
Caging system: The is the most common system when structuring a poultry farm. Birds are caged according to their sizes.
Buying of equipment depends on the structure of your poultry farm. We’ll look at the needed equipment and their prices in the starting cost outlay.
When buying the chicks, make sure you’re buying from trusted dealers. This is one of many perks of being trained by a professional. You will be able to different healthy, malnourished and unhealthy chicks.
Already prepared feeds are highly recommended when you’re just starting. As you progress with time, you’ll be able to produce the feeds yourself.
All things being equal, your turnover will depend on your marketing strategy. You are to build a network of retailers before your first harvest. Market to the retailers around your area and let them know when the products will be ready.
How to Keep This Business Idea Successful
The business will be successful if you don’t make crucial decisions from a greedy point of view. Start with a few chicks and see your progress. You don’t test the depth of a river with both feet.
Employ helping hands if you are breeding more than 400 chicks. Poultry farming requires utmost attention, so don’t give the business less attention.
Aggressively market the business to friends, family, colleagues, neighbours, retailers, food vendors, grill vendors, etc.
Financial Capital Needed
You can start with the sum of 100,000 with a well-structured cage. You’ll increase the chicks as time progresses.
Item
Cost
Business name registration
5,000
Banners/stickers
15,000
Social media promotions
5,000
Leased land
100,000
Feeders
12,000
Chicks (N200x40)
80,000
Waterers
30,600
Cages
92,000
Incubators
48,420
Nests
50,000
Coops
50, 000
Waste disposal
25,000
Brooders
55,000
Perches
30,000
Power generator
100,000
bags Feeds (10)
30,000
Other Essential Tips
To breed healthy birds, you must employ the services of a vet. A vet will advise you on what to do to make the birds healthier.
Partner with eateries, beer parlours, cuisines and local kitchens to provide them with fresh eggs, turkeys, and chickens.
CAR WASH
The increase in the number of busy car owners is making car wash business more profitable. Many car owners would prefer to take their vehicles to the car wash for thorough washing instead of washing their cars themselves.
This article writes on all the key essentials that you must consider before you start your car wash business – one of the leading fastest growing businesses in Nigeria.
The most exciting thing about the car wash business is that you can start at any scale, even small.
You don’t necessarily need to have big washing equipment to kick it off. With little capital, determination and hard work, you can scale that business into something big.
How to Start A Car Wash Business
Learn about the business before jumping into it. Many startups fail not because they weren’t profitable, but because the owners didn’t take time to learn about the business.
There are tricks in every business you’ll have to learn in order to excel.
Choosing the right location for the car wash is of utmost importance.
A majority of car washes are situated close to the roads. It would help if you situated your business close to your customers. Seek an open space close to a significant or busy highway.
Get the right equipment. As a starter, you mustn’t have ample equipment, but there is some essential equipment to have. We’ll be looking at some of the equipment in the starting cost outlay.
How to Keep A Car Wash Business Idea Successful
First of all, you need to have the foresight to be able to keep it thriving. Have a well-thought growth map you’re working with.
I’ve also noticed that having a sitting area where your customers (A lounge or something similar where car owners) can sit and chill while you wash their cars will increase your customer base—adding something like a lounge or a minibar to the car wash will improve patronage.
The location alone won’t draw customers. You have to market the business every chance you get, aggressively. Tell friends, family, colleagues, neighbours, cliques, and every car owner you meet about the services you offer.
Collaborating with auto repair shops, barbershops, salons, and other businesses around will help boost your clientele.
Employing experienced car washers is very important. It would help if you had a team of professionals with integrity around your business.
If the cars are thoroughly cleaned, your customers are more likely to come back.
Financial Capital Needed For ACar Wash Business
How much you need to start depends on how big or small a car wash business you’re creating. You can start with small machines in a not so ample space.
Item
Cost
Business name registration
5,000
Rented space
250,000
Social media promotions
5,000
Car wash machine
100,000
Water (Borehole)
400,000
Water tanks
45,000
Water Hose
10,000
Power generator
100,000
Brushes, Buckets, towels
7,000
Robber boots and gloves
6,400
Soaps and detergent
2000
Blowers/dryers
350,000
Vacuums
40,000
Perches
30,000
Prep guns/pressure water
100,000
Other Essential Tips To Aid The Car wash Business
Strategically partner with barbershops, salons, eateries, spare parts dealers to increase your customers. Use social media to create online awareness for your business.
You may also wish to start a membership subscription plan.
Cassava Farming Business
Cassava is the source for most of the food Nigerians eat. Fufu, Garri, Abacha, Amala, Cassava flour, etc. are the products of cassava. And this has made cassava farming a fast growing business in Nigeria. Aside from the products being locally consumed, it also serve as foreign export since Nigeria produce cassava in high quantity. Statistics have it that 24 out of 36 states in Nigeria grow cassava.
Cassava production might sound like a huge task, but it’s one of the easiest things to plant. The quantity you’re planting is where the work lies.
Before choosing a location, it should be perfect for cassava farming. Go for fertile land that is well-drained. You won’t be able to tell the real nature of the soil, and this is why you should take the soil for testing to find out if it will favour cassava farming.
Check for the following:
Adequate rainfall, sunshine or access to water
Landscape topography
Proneness to pest invasion
Proneness to soil erosion
Choose Cassava Stems for Planting
Understand that planting cassava for private use is different from commercial planting. When planting for private use, you may not be so particular about the stems you’re planting, but this doesn’t apply to planting cassava for business. In planting cassava for commercial use, you have to consider the stems to know if they are high yield stems.
Different cassava stems don’t grow well on the same soil. After testing your soil you should have better knowledge of the kind of cassava stems the soil can accommodate.
Check the stems for the following:
The quality of the root they produce.
If the stems are healthy and fast-growing.
Whether the stems have a strong resistance to pests.
Rapid and rich growing stems for commercial cassava planting
NR 8082
NR 8083
TMS (2) 1425
TMS 30572
TMS 81/00110
Prepare the Soil
Well-prepared soil aid the growth of healthy of the cassava.
How do you achieve this?
Adequate use of manure and fertilizer.
Prepare the soil for irrigation because you can’t be too sure about rainfall.
Prepare the ridges to prevent rain from washing away the soil.
Prepare For Cultivation
You’re to prepare for cultivation from the very first day you planted the stems. It is highly recommended that you take good records of your activities to help you know the next step to take.
Before preparing the land, you’re to apply herbicide on the soil. Liming is also another thing to do during land preparation. You’re to apply agricultural lime of 5 (50kg) bags on the stems and land.
Plant the Stems
The Nigerian time for cassava planting is April. It takes 6-7 months to harvest early-maturing cassava, while it takes 12 months after planting the stems to harvest late-maturing cassava. It is advisable to apply fertilizer to the soil 8 weeks after planting the stems.
Weed the soil regularly to make sure the stems aren’t chocked by weed.
Harvest the Cassava
The best way to know that the cassava is ready for harvest is when the leaves turn yellow and fall to the ground, and when the root (cassava) is mature. To harvest faster, cut off the stems and preserve them for another planting season.
You can carefully use hoes to dig out the cassava root from the soil.
Marketing Cassava Products
You can either sell the cassava in its raw form or process and sell it yourself. Whatever you decide to do, make sure you have built a network of buyers for your product. There’s a big market for cassava products in Nigeria, so it won’t be that difficult to sell.
How to Keep The Cassava Farming Business Idea Successful
Your success is dependent on many factors, but you must have adequate knowledge of the business. Cassava makes our list of the leading fastest growing businesses in Nigeria because of many factors, one of which is her success rate amongst Nigerian farmers. Little wonder we are a leading producer of the tuber in the world.
Take time to learn the business by visiting cassava plantations and ask the farmers in charge questions.
Learn about the market for your product and how to sell them.
When you’re applying any chemical on the land or cassava stems, do it rightly. Wrong measurements can cost you a lot.
Have a senior in the business you consult in case anything goes wrong.
Financial Capital Needed
Cassava farming is capital intensive. You have to own or lease a plot of land to do this business.
As a farmer, you’ll be needing all the patience and consistency you can get to make something out of this business. Learn how to store and preserve the products and get ready buyers before harvest.
Conclusion:
These businesses are not on this list of the leading fastest growing businesses in Nigeria by accident; they are easy to venture, highly profitable and with minimal risk.
Do you know any other business that is worthy of this list? Please give your suggestion using the comment section and I will write on them.
The Secrets to Writing Executable Business Plans That Investors Love
One of the most important things you need to start and grow your business is a business plan. It is so essential that there are over 22,300 monthly searches related to how to write a business plan on Google Nigeria alone.
And if you are reading this, you’re most likely one of the people doing those searches. But guess what? You won’t have to search anymore as I have prepared this easy guide on how to write a business plan step by step, your true guide to writing a business plan that is indeed a plan.
But first of all, definition.
What is a business plan?
Just looking at the two words, you have an idea of what it means. You know what a business is and you can guess what a plan is too. Hence, in its simplest form, a business plan is the type of plan you make for a business – either to start the business or to expand it. In other words, it is a roadmap or guide for your business where you spell out your goals, objectives and further essential details with regard to your business.
You know what people say about failure to plan and how its product is planning to fail? Perfect – the same applies to a business plan.
You are probably wondering how? I mean, it’s your business, and you are passionate about it. So, why bother putting some writings on paper in the name of a business plan?
Is there any reason why a business plan is so important?
Importance of a Business Plan
Whether you want to start a new small business or you’re looking for ways to expand an existing one, a business plan serves as the compass that guides each of your decisions.
Here are five main reasons why a business plan is essential to your business
1. Business Plan Helps You Avoid Big Mistakes
Most businesses don’t last for long – you know why? It’s simple – lack of a plan. Of course, there a thousand and one reasons why businesses fail. With a business plan (that is a plan), you can predict mistakes, dangers or incidents that can negatively affect your business and come up with a potential solution.
2. It Helps to Direct Critical Decisions
From hiring to partnership, you’re going to have to make different decisions at various points as a business owner. Some of the decisions can be confusing, and you need something to go back to to serve as a compass in your decision making.
One wrong decision as a business owner can destroy your business, ask Nokia.
3. It Helps to Test/Prove Your Business Viability
Most businesses are borne out of passion. And yes, passion is important. But there is something as important, and that’s the viability of your business.
The truth is not all those great ideas that you are passionate about in your head make good business sense. And the only way to test and see this yourself is through your business plan.
4. To Set SMART Goals and Objectives
Where will your business be positioned in the next three years? What will the client/customer base look like 1year from now? What are your business goals for the long and short term?
Your business plan allows you to spell on these out and gradually work towards it.
5. To Get Funding
If you are ever going to approach banks or venture capitalists for loan or investments, better go with your business plan if you want any of them to take you seriously. Anyone who would put their money in your business would like to know for sure that you know what you’re doing and that the business will stand the test of time.
Up next;
What are the Different Types of a Business Plan?
There are different types of a business plan, and no, you can’t use all or any of them. It all boils down to your peculiar needs and current stage of your business.
Marketing91 highlighted six types of business plans. Here is a look at them one after the other so you can decide which is best for you.
Start-up Business Plans
As implied by the name, this is the kind of business plan you draw if you are starting. It contains such details as your company description, the products or services you provide, market evaluation, among others.
You may also want to include financial analysis because of potential investors. This covers some crucial economic aspects of your business, including profit, income, projections for cash flow, among others.
Internal Business Plans
This is not for everyone. Internal business plans are usually for a department or section of the business. For instance, this can be a business plan for the accounting section of your business.
Your internal business plan should describe the current state of the business, include profitability and operational costs, among others.
Also, your internal business plan should contain market analysis showing your business target demographics, size of the market and the positive effect of the market on your business income.
Strategic Business Plans
This one is strictly about strategy. In a strategic business plan, you take a high-level view of your business goals and how you can achieve them. Here, you go as far as laying out what would serve as a foundational plan for the whole business.
While different businesses choose varieties of structures for their strategic business plan, most strategic business plans have five main components which include:
Business vision
Mission statement
Definition of critical success factors
Strategies for achieving objectives
Implementation schedule
Feasibility Business Plans
In a feasibility business plan, your goal is to answer two crucial questions about your business:
Will anyone buy this product or service the business wants to sell? If yes, who? And the second which is closely related to the first.
Will this business be profitable?
In this business plan, you describe why anyone would need your products or services, your target demographics and the required capital, among others.
Operations Business Plans
This can be considered a type of internal business plan as it contains elements that are related to how the business operates. It specifies how implementations of different plans will be made and the deadlines for them.
Simply put, the operations plan states the employees’ responsibilities.
Growth Business Plans
Also known as an expansion business plan, this one is an in-depth description of the proposed development and can be written for both external and internal purposes.
How to Write a Business Plan Step by Step
Now that you know why a business plan is important and its different types, it’s time for the real deal – the step by step guide to how you can write your business plan.
You are all set to write your business plan. Get a pen and paper or go to your favourite word processing app/software and follow these steps
Executive Summary
The first page in your business plan is the title page. The executive summary follows the title page.
Here, you briefly tell whoever is going to read your business plan what your business is and why you are convinced it will be successful. Go on to state your products or services, mission statement, and some information about company leadership, location and employees.
If you intend to ask for financing, don’t forget to include high-level growth plans and financial information quickly.
Business Description
This usually starts with a short description of the industry. While doing this, state the current situation of things in the industry and future possibilities.
Follow the above up with a detailed description of your business. Be as straightforward as possible.
Talk about the problems you solve as a business, who your consumers are or would be.
Given the current state of the market and what the future holds, discuss the competitive advantages that would help your business stand out. Do you have experts on your team? This is the time to brag about them? What about your location – perhaps it gives you an edge – state it all under business description.
Market Analysis/Strategies
To include this in your business plan, you must have done your homework by researching the market thoroughly. Market analysis helps you to be familiar with different aspects of the market such that the target market is defined correctly, and the company is well-positioned to get its share of the market.
Competitive Analysis
A competitive analysis aims to determine the weaknesses and strengths in the market and come up with strategies to beat most of your competitors.
Skype has been in the industry since 2003; Zoom was founded in 2011. Skype started about a decade before Zoom, but today Zoom is more popular. Why?
Zoom did its competitive analysis and came up with strategies to beat its potential biggest competitor. The result is out there for everyone to see today. Go ye and do likewise.
Design and Development Plan
This is mostly design for the consumption of investors. Its purpose is to give them (investors) an in-depth description of your product design, chart and development from the perspective of marketing, production and even the company itself. There should also be a development budget that will help the company reach its goals.
Operations and Management
This section of the business plan is designed to describe precisely how the business will function regularly. It will highlight the business logistics, including the various responsibilities of different teams, the tasks before each department under the business as well as the expense and capital requirements for the operations.
Financial Factors
The last but certainly not least is the financial factors. Most other sections of the business plan already have a mention of finances, but this is where you go all in.
If your business is already running, this is where you state your balance sheets, income statements and cash flow statements.
Give a potential financial outlook for, say, the next five years (this is especially important if your business plan goal is to source funding or investment)
You probably still ask questions – how do I ..? How many …? What if…?
Refer to the business plan FAQs for quick answers to some of your questions.
FAQs on Business Plan
Why does an entrepreneur need a business plan?
A business plan will help in diverse ways as an entrepreneur. However, the most reason an entrepreneur needs a business plan is to help guide in making crucial decisions.
How do you write a business plan?
Refer to the 7-step guide above to see how to write your business plan
How to write a competitor analysis for a business plan?
1. List out your competitors
2. Write a brief overview of each of them
3. State their target audience
4. List their price(s)
5. Figure out and state their marketing strategy
6. Know their competitive advantage over you
7. Know their weaknesses and strengths
What is the financial forecast in a business plan?
It is a projection or an estimation of possible future revenue or income and expenses of the business.
What is the difference between a feasibility study and a business plan?
While a feasibility study helps you to determine whether to go ahead with the business or try another idea, a business plan is designed after you have decided to go with the idea (sometimes after you already started).
How long should your business plan be? How many pages should your business plan be?
As you most likely can guess, the answer to this is – it depends. In most cases, though, the standard expectation is between 30 to 50 pages.
The ultimate goal of every small business owner is to grow their beloved business from startup stage to maturity and probably make a Unicorn out of it, worth at least a billion USD.
But like in many other things, the business environment has its many challenges too, ranging from Startup capital to others like cash flow challenges, having the right strategy, marketing plan, and other things as the right staff.
Estimated reading time: 8 minutes
This article takes a critical look at the top 6 common challenges of small business owners, SME entrepreneurs, and how best to mitigate against or solve them.
Most entrepreneurs go into business with a lot of hope and enthusiasm; but, these, with time, are often met by challenges that ultimately make or mar the business.Below is a list of thetop 6 challenges that plague most small and medium-sized business owners.
Until you face as much challenge like this, you haven’t faced anything yet… keep moving.
Startup capital
Cash flow
Strategy
Recruitment and Staff Retention
Marketing Strategy
Inadequate Online Presence
1. Startup Capital:
The challenge: This is by far the most significant challenge faced by almost every single small business owner out there. Fortunately, it is one that most have also solved, else we may not have lots of small businesses out there. However, to fully appreciate the sources of funds available to you as an entrepreneur, you first must understand the fundamental types of entrepreneurship practised.
The Solution: The solutions to the funding issues faced by entrepreneurs is embedded in the understanding of entrepreneurship itself. There are fundamentally two types of entrepreneurship – The SME (Small and Medium Enterprise) and the IDE (Innovation Driven Enterprise).
Innovation-driven enterprises (usually large corporations) have access to a large cache of funding sources due to their potentials for a massive return on investments, thus making them magnets for venture capitalists and venture capital firms.
Small and Medium Enterprises, on the other hand, have only a handful of possible sources of funding because they typically do not show a profit for at least some months after startup, if not a few years.
For Small and Medium Business owners, their sources of funding are fundamentally limited to 3 sources, and because each of these sources needs some proof of concept for your planned venture, the amount of money available to you is limited, and most often dependent on your social capital and trust level between the source of fund and the founder(s).
Angel investors
Banks and other commerce centric finance houses
Government
It is therefore of note to say that it is always a good practice to first bootstrap as a small business owner, prove your concept, then move out to secure further funding.
2. Cash Flow Crunch
The challenge: There is no better place where the statement “Cash is king” makes more sense than in running a small business.
Unless your business is backed by some large corporations, deep pocket angel investors, or you had a cache of funds in-store before founding your company, the chances are that you would run into cash flow problems. The flow of cash is to a business, what blood is to humans; without it, we die. Yet many business owners struggle with this challenge.
The embedded video explains a lot about what a cash flow is, and the challenges that lead to a flow crunch.
The Solution: With the explanation given on the significance of maintaining healthy cash flow, it, therefore, means that a business owner must ensure the following:
Find ways to ensure that the business brings in more money than it expends
Ensure that the company adequately manages such funds
Ensure proper budgeting and cashflow forecasting
Find ways to develop creditworthiness with your supplies and operate on credits as much as possible
Open a line of credit with your bankers
Ensure that as a business owner, do not forget about yourself when planning for your business’s financial future
If you lack the necessary know-how to manage money, find someone who does.
ExpertsNG
A crucial point to keep in mind is that you don’t just need money for your business —you must have a plan to manage such money. Do not acquire a loan or spend your own savings without knowing exactly where money needs to be spent, how the return on your investment would be made, and how long it would take.
3. Strategy
The challenge: Strategy is one important aspect of running a business that most small business owners shy away from. Actually, most small business owners know little to nothing in terms of strategy.
A strategy is a long-term plan that you create for your company to reach the desired, future state you envision. A strategy includes your company’s goals and objectives, the type of products/services that you plan to build, the customers to who you want to sell to and the markets that you serve to make profits. Source:Forbes.com
The Solution: For a new entrant SME to succeed in its chosen market, it must create and execute a sound strategy that puts into consideration a lot of variables, especially factors as explained by Porter’s five forces.
At this stage, it is better to call in the experts than try to play smart and be penny wise but pound foolish. This is not the time for experimentation. It is, instead, the time to set standards and baselines that work.
You need to revisit your mission and vision statements, break them into SMART goals, and get them aligned with your capabilities and realities. After all, what’s a vision statement if you do not align it with your realities.
Once you set your baselines with the right documentation and processes in place, your business would be better placed, and most likely be on a trajectory for success.
4. Recruitment and Staff Retention
The Challenge: Hire Slow Fire Fast is a common word in entrepreneurship. There are, however, a ton of problems associated with those words. From the fear of leaked company secrets to the need to keep off the bad conversations involved with firing an underperforming employer, most business owners struggle with recruitment and staff retention issues.
According to HBR – Many startups hire fast and fire slow. A bias for speed combined with the pressure for high growth drives many leaders to be quick to hire (“We need to fill this role now!”) but slow to remove underperforming employees. To “hire slow, fire fast,” start by being absurdly selective in whom you hire.
Did you know that it is not the prospective candidates that dread job interviews the most? — it’s entrepreneurs, the business owners.
The Solution: Get it right from your foundation. Even if you did not get it right earlier, it is not too late to get things right. Functional staff is needed for business growth.
You must get an HR unit in place and set the right policies to guide you with your recruitment and staff retention issues.
To get things right, please follow these steps:
Build a culture: Ask yourself what you want your organization to be known for in terms of its processes and how things get done. Then write it down and envision the people you would want to work for you. Note: The first thing to check while hiring your staff is their attitude. Trust me, nothing positive comes out of anything negative.
Create Organizational Structure: I believe that by now, you must have listed the skills that you need to make up your team. Now sit down and write what you expect of each role in terms of skills and daily work expectations.
Create A Staffing Plan: Note that the employee does not define the role; the role defines the employee. It is, therefore, profound that you identify the roles you want, when you want the roles filled, and the skills you would need on your roles.
Get Essential HR Documents and Forms: It is very important that you get the essential HR documents like the under-listed:
Employee handbook
Employee job description
Process manuals
Performance Appraisal documents
Staff onboarding documents
Employee Management & Recordkeeping documents, etc.
5. Marketing strategy
The challenge: Most SME type business owners do not have the right marketing skills, yet they hardly have the pockets deep enough to hire top-notch in-house marketing experts.
The solution: It is always a good idea to outsource the marketing strategy of a small business to experts. The challenge most times is that experts generally are mostly perceived as very expensive. The truth, however, is that what you need at this point in your business is a core marketing plan: a document to outline what marketing activities you will undertake to motivate purchases.
It is not the time to experiment. Give the expert a budget to work with; there are always experts out there that fits your budget, find them.
6. Inadequate Online Presence
These days, online is the current offline. No marketing strategy is complete without a significant level of a ubiquitous online presence. A significant percentage of your marketing and sales campaigns must be done online.
Regardless of a company’s size or the size of its business, customer acquisition is at the centre of it all, and these days, there is no better place to engage with customers than the many online platforms where they now congregate for diverse reasons.
The challenge: The online space is filled with noise. As a business owner, it has become difficult to get your messages through the noise and reach your prospective customers.
The solution: Your online presence as an individual, a brand, or business, is crucial to your outbound marketing campaigns as it reinforces your brand and what you offer to your target market.
When it comes to online marketing, Consistency = Engagement, and Engagement = Brand awareness.
Corporate and social activities have been on a standstill since the coronavirus outbreak. Governments worldwide have resorted to lockdowns of their citizens. Most people have been forced to work from home where possible, but the majority are at home hoping for the menace to end so they might go back to their normal lives.
What separates people during isolation is the skill set they have. While some have skills termed essential, some have skills that enable them to work from anywhere, including during isolation.
Mostly during isolation, however, especially in crisis situations, a majority of people waste their time away by responding to the situation as an opportunity for holidays. While yet, a set of others see it as an opportunity to use their skills to make things right, or at least make life worth living for others.
Many of the world’s best innovations and inventions, as we know them today, were inspired by major world crisis situations, including 911, which gave rise to inventions such as Superthin, Flexible Body Armorto outfit marshals and flight crews with uniforms that double as body armor.
So, what end of the divide do you belong?
If you’ve been procrastinating learning a skill or two, either due to lack of time or cash, now is the best time to put the isolation period to good use.
If you’ve been procrastinating learning a skill or two, either due to lack of time or cash, now is the best time to put the isolation period to good use.
#ExpertsNG
Instead of complaining about how much you miss work, wasting precious time on some social media challenges, and napping endlessly, why not take advantage of some free online courses to learn something new or improve on those skills you’ve been learning?
The truth is that the isolation won’t last forever; the world will get through this, and what will matter later on is how much you improved yourself as a person, entrepreneur, or an employee.
Here are ten skills you can learn during this time.
1. Culinary art
Being good at cooking pays big time, and it has been a perfect side hustle sustaining some employees. It’s undeniable that despite the quarantine, people are still patronizing cooks. After all, it takes the living to quarantine – – food gives life.
It’s a skill, not so many people would love to improve on, but if you’ve always had a flair for cooking, this period is the right time to learn and practice the art. You can log onto YouTube to learn how to prepare some mouthwatering dishes.
Everybody loves a good meal; your cooking skills will bail you out when you least expect it.
2. Painting
If you’ve always been mesmerized, fascinated, and captivated whenever you see some piece of painted art, you might want to awaken the artist inside you. Artists are born, and artists are made, but simply because you didn’t start at a young age doesn’t mean it’s too late to learn.
There’s absolutely nothing there to lose by taking some basic art lessons on YouTube. Being in isolation doesn’t mean you can’t be adventurous with brushes and paints.
With video marketing becoming more powerful by the day, video editors are one of the most sorts after people out there. All you need to learn video editing is a laptop and a determined mind. It’s not as easy as the outcomes make them appear, but it’s definitely worth giving a try.
Start with the basic ones; take it one step at a time, and you’ll see how not so hard it is when you’ve acquainted yourself with some tools and terms.
You can also follow some fantastic editors on social media to draw from their wealth of knowledge and experience.
4. Digital marketing
Digital marketing is a well that is likely not to run dry anytime soon. As the days go by, new trends are incorporated into digital marketing. It’s a broad industry, which means you have to know the niche you want to focus on.
One beautiful thing about digital marketing is that you don’t have to be physically present to render your services.
There are so many free online courses you can leverage to get you started.
5. Languages
If there has never been the most appropriate time to learn and practice a language, this is the golden time to do so because everyone is at home bored and wants to talk or teach someone.
The ability to learn a language, especially a foreign language, is not something many people have a strong will to do. You should maximize this time to reignite that passion you had for French, Spanish, Mandarin, German, etc. some years ago.
You can connect with native speakers of any of the languages you will like to learn online. YouTube and language apps are a blessing for sure.
6. Creative writing
Instead of limiting your creative writing skills to Facebook and other social media platforms, why not hone them and get paid to write?
Creative writing is a hobby many people have built online empires with. The good creative writers that broke through quitted their jobs to grow their writing businesses.
Whether you intend to be a professional creative writer or not, creative writing will always be a plus any day.
7. Data science
You can’t deny that data science isn’t the ‘in thing’ currently. Data scientists have become more valuable in this digital world of ours. It’s worth giving a try if you love solving the problem through data.
They’re also some free basic data management courses online you can start with.
8. Gele tying
Tying of gele (headgear) is one of the cheapest skills you can learn. All you need are gele, pins, and a patient head. You will need someone that can volunteer his or her head to be used for practice. You can also learn to tie different styles on your knee, but that will take some level of expertise.
People are making a living by simply learning how to tie gele. There are amazing videos on YouTube you can learn from.
9. Baking
Mastering the art of making pastries can never be a waste of time. You will be baking what your family will take to work, which helps cut down your expenses. You can help friends, family members, and colleagues bake beautiful and tasty cakes and pastries during their birthdays and other events and get paid for it. Baking as a side income is a great plus since there are big events on weekends.
10. Wig making
Ladies love wigs, and whatever ladies love, they spend money on. There are people who specialize in making and selling wigs of different types. These wig makers don’t have shops, and neither do they work in salons, but they make a lot of money from the comfort of their houses through wig making.
You can partner with weave sellers to help you display your wigs in their shops. There are a lot of YouTube videos to help you go by.
Do all you can to make sure you are not the same person you were before the pandemic.
When starting a business, it is important to look for business ideas that have the possibilities to make your startup successful; you would do well to seek business ideas in industries with high growth potentials and profitability. One that your team and strength as a startup can effectively execute.
Are you looking for new ways of earning money? Check out a list of 100 business ideas, especially in Nigeria. While this list was created with Nigeria in focus, the business ideas are in no way limited to Nigeria.
It is a list of Untapped Business Ideas and small scale business ideas in Nigeria to start with 5k 10k 20k 30k 40k in Nigeria. Overall, please note that it is no child’s play starting a business in Nigeria.
Your first step to starting a business is to register your business, in Nigeria, you would need to register with the CAC. Kindly take your time to at least learn how to register a business name in nigeria; lets jointly make corporate governance a business culture in Nigeria.
Here is Our List of Highly Lucrative Business Ideas for Startups
Sell Products Online.
Selling products online has become very popular among people who want to make money fast. It is also a good way to start a small business because you only need a computer with internet access and a credit card to sell items online. The best businesses in Nigeria are actually online.
Some of the products or services business in Nigeria that you can sell are:
FOOD BUSINESS IDEAS IN NIGERIA
Catering Services
A sample Sweet&Savoury Table (08129820420)
Catering is one business idea in Nigeria that is hinged more on the passion than the skills of the entrepreneur.
How to start the Catering business idea
The best way to start this small business idea in Nigeria is by leveraging social media to create the needed visibility and customer awareness. Focus more on smaller parties, groups, and home gatherings. Register a business name, cook some nice meals, and showcase them using Facebook and Instagram in particular.
You really do not need to have all the categories of cookware, you could hire per need basis. Ensure that you have enough kitchen space (It could also be your backyard) to prepare food and use paid carriers, or Uber /Bolt services to transport your stuff to the client’s preferred venue.
Find, and come to some arrangements with other service companies in the hospitality industry, especially the party planners, wedding planners, Masters of the ceremony, etc.
How to keep the Catering business ideas in Nigeria successful
One of the best ways to start business in Nigeria, is to Start small. Ensure to create a brand and be known for something in particular. Think out of the box and be different. When you have more staff, you could start doing larger parties and functions. Go above and beyond by offering to clean up after the party for great customer service.
If you must, partner with complementary services in this service section, like decorators, events planners, etc. Such partnerships would definitely yield mutual gain.
Financial Capital Needed To Start The Catering business ideas in Nigeria
There has always been arguments as to if were possible to start business in nigeria with Little or no capital. Your customers most time pays for the service ahead, just ensure to get above 50% of your charges, usually, you’d be paid about 100%, and that should be enough to take care of your expenses including your hired hands such as cooks, and dishwashers (If you must).
Starting Cost Outlay:
ITEM
AMOUNT
Burners, chaffing dishes
N150,000
Stoves, Gas cylinders, etc
N50,000
Pots, Serving Plates, spoons, etc
N45,000 – N300,000
Food Trolley
N60,000
One-page website
N15,000
Food labels
N2, 000
Menu cards
N5,000
Complimentary cards
N10,000
Other essential Tips:
You need to partner with a service provider to give you well-trained ushers, servers, even photographers to make your service stand out. Practicable minimum startup cost = N157,000.
Know however that the catering business in Nigeria is particularly for the aristocratic clients and as such, it must not be treated as you would any other business in Nigeria.
However, you could choose to rent the chaffing dishes, stoves, etc and start as low as N60,000
Food DeliveryServices
My personal effort at cooking – I could start a food delivery business if I have to.
Most people love good food, but only a few know how to make very tasty meals. If you’re good at cooking food, you may wish to consider cooking it in bulk. There are a lot of 9 to 5 workers that would gladly have your meal at their launch time or some that may even ask for enough quantity to last them for a while.
How to start the Food DeliveryServices business idea
You could offer your services to working professionals, especially those in the corporate setups. All that is needed is to attract the right customers. Leverage social media, especially Facebook, and Instagram to attract your customers. Make some good looking homemade meals, take very good photos of the meal.
Try to dish your food to look very appealing, serve it on a white plate if you have one, and then set the dish in such a way that you could take photos using your phone’s camera at the least. Ensure that you have some rays of sunlight to make the photos pop.
How
to keep this business idea successful
Get yourself a
website if you can, it should not cost you much to establish a good website to
showcase your food and also collect and process orders. Once you’re established,
offer your customers a menu they can order from.
Consider picking a niche, position yourself to serve a market, either as the healthy meal sector or the local delicacy sector. Be different, ensure to give the best quality ever at as affordable as a rate you could offer. People love quality at a reasonable cost, and would readily refer other customers to you. Serve a range of meals; keep it interesting for them and you.
Financial Capital Needed for Food Delivery Services Business
You could actually start this business without cooking any sample of yours. Go to the Internet or find means of getting nice-looking photos of food in the sector you want to serve. Be persistent, put a photo at least 3 times a week.
Your capital need should be concentrated at creating a very appealing customer experience. Invest in a website, a payment gateway, and partner with a delivery company to deliver your products.
This is one business that can start with less than N20,000 ($80)
Ensure that your customers know that the cost of delivery is passed to them, and clearly state that on all your media channels including your menu. Start small; use the money paid by your customers. You’d, however, need to buy disposable plates and cutlery to get you started.
Starting Cost Outlay:
Disposable plates, spoons, and bowls = N10,000
Facebook advertisement = N8,000
Other essential tips:
You could find and take permission from other entrepreneurs in the food business to enable you to use their photographs to start your campaign. Just ensure that you know how to cook. So no excuse here that you do not have the money to start.
Do you want to open a restaurant without paying rent and having to buy tons of kitchen equipment? With a decent set of wheels and a small-scale food preparation station, you could launch a food truck business.
How to start this business idea
Starting a food truck business means you would have the availability of some funding source to offset your start-up costs. Owning a food truck is not cheap. The business is very lucrative and the entry barriers could be a bit high.
Decide on specific food especially those in the fast-food sector. Ensure to have mastered your recipes, and the act of clean-cooking (washing the dishes as you cook).
Get the right local permits and position your food truck to take advantage of the movement of your target market. Go for the working class, look for areas near Bus-stops.
How to keep this business idea successful
Focusing on a particular food niche can help your food truck business stand out from any competition and aid in your branding strategy. Master competitive pricing; it would help lower your risk of failure.
Ensure to always get fresh food items and be proactive with your service.
Financial
Capital Needed
This is a high-capital business. The entry barrier is relatively high, but the return on investment is steady and high enough to make you break even within few months. You would need a functional truck to enable you pack and change locations as market demands.
If you are a good cook, you would not need to hire any staff.
Starting Cost Outlay:
ITEM
AMOUNT
Food Truck
N2,000,000 – N5,000,000
Cookwares
N150,000 – N300,000
Advertisements
N50,000
Startup Food items
N50,000
Sit out Kit (Optional)
N85,000
Permit (Depends on Location)
N150,000 on the average
Other essential tips:
Running a food truck involves extremely long hours, no matter how good you or your staff is. The success of your food truck business is directly dependent on the amount of time and effort you put into running it.
You must understand the 4Ps of Marketing. There is no better place to put them to work than this business. Your social media strategy must be top-notch.
Fish Grill
Most people, if not everyone finds it difficult to resist a well-grilled fish. Fish grills are commonplace, especially in Nigeria. In Abuja, owners of fish grills make as much as One million Naira (N1,000,000) as turnover, daily.
You could actually make yours a mobile grill and leverage people’s movement to and fro work.
How to start the Fish Grill business idea in Nigeria
The best way to start this is by leveraging social gardens and parks. You could, in fact, make yours different from the pack by going online – YES, AN ONLINE GRILL DELIVERY SERVICE.
You really do not need a lot of items to get started with a fish grill, and yes, you can also expand to meat, snails, etc.
How
to keep this business idea successful
Start with a clear definition of your target market. Having a clear understanding of your market would help you in deciding what strategy to use in entering the market.
Your options are vast – You could go purely online, mixed, and even partner with owners of other social gathering outlets.
Financial Capital NeededFish Grill business idea in Nigeria
Little or no capital. I love the idea of a mobile grill, and that seems to be the highest on my scale in terms of barriers to entry, so I chose to reference that.
Starting Cost Outlay:
ITEM
AMOUNT
Grill (several Options available)
N10,000 – N85,000
Space Rental… You could pay this monthly
N15,000 – N50,000
Take-off stock
N100,000
Advertisements (Very important)
N50,000
Website with payment Gateway
N150,000
Sit out Kit (Optional)
N85,000
Permit (Depends on Location)
N150,000 on the average
Other essential tips: Your ultimate goal is to aim for online sales and delivery. That can only be achieved if you build an online brand, hence the budget for advertisements.
Seek out any spot at all, some may require that you get a permit. Such spots could beside car wash, market exits, gardens, churches, schools, even in front of your house.
Practicable minimum startup cost = N50,000
Bakery
If you love to bake like I do…. just kidding. I am actually surrounded by bakers and know a thing or two on baking. I know that baking is highly lucrative and you do not spend more than 20% in cost to bake anything.
So, if you are like me and know how to and also love baking, why not get paid to do it by opening a bakery? There are a lot of recipes out there, you could even create yours. Just ensure to find a recipe that you can replicate perfectly every time.
How to start the Bakery Business Idea in Nigeria
You can actually start this small business idea from home, and as part-time at your free periods; evenings and on weekends until you make enough money for you to make it your full-time gig. Once you have earned enough money, you could then expand to a space big enough to enable you to bake professionally. Ensure to incorporate online payments and marketing into your strategy from the onset.
How to keep this business idea successful
Diversify – Have multiple products/ income streams to sustain your business
Have a social media strategy
You definitely need a website.
Focus on what your customers want, and how they want it
Hire a skilled and experienced help
Don’t forget about marketing
Financial
Capital Needed
This depends mainly on how big you want to start. You would need some initial investments to get you started, but nothing an average Nigerian would not be able to afford. What takes initial capital mostly is the space and equipment needed to get you started.
If you are lucky enough to have a good-sized oven at home, then you are good to go. The next thing would be marketing. Marketing is very essential to your growth especially when you start from home or make it a side hustle.
Starting Cost Outlay
ITEM
AMOUNT
Oven (several Options available)
N120,000 – N485,000
Mixers
N75,000 – N350,000
Bake-wares (Several of them)
N100,000
Proof Boxes for Bread Items
N50,000
A website with Payment Gateway
N150,000
Salary for one extra hand (Baking staff)
N85,000
Advertisements
N50,000 to start
Other essential tips:
Start small and gradually grow into a fully commercial bakery. Practical minimum startup cost = N37,000. With N37,000 you could start small from your home, or that of a friend. Most friends would let you use their ovens and other facilities for some freshly baked cakes, bread, etc.
Cooking Classes
Image Source: https://chefsacademy.info/
If you love cooking, and you do not mind teaching people what you know, then this could be a money-making business for you. Why not get paid to do it by opening a training school – Online or offline.
How to start this business idea
You can start this small business idea part-time, during the evening and on weekends until you become known, your business generates regular inflow and you feel you need a bigger space. You could then go big and hire other hands to help you.
Starting this is easy. All you need is your phone, a good phone stand, some good light source, a neat kitchen, some neat napkins, and some nice looking pots. It is always the best option to start this at home. Get help to hold the camera and make a video of you teaching while you cook.
Do not bother about the quality when you start, you would eventually get better by the day. Just start.
How to keep this business idea successful
Keep learning new recipes and offering various categories, for example, you could teach your clients/audience how to make a particularly special meal per week. Call in other friends to join you once in a while to teach people other things you may not be familiar with, like desserts, or Italian meals, or vegan meals. Your ability to always bring in varieties and new stuff, especially new faces, will bring previous customers back to learn more.
Financial
Capital Needed
Little or no capital. Try to cook what you would normally eat and teach people to make what you would eat after the class. That way, you save yourself a lot of money.
ITEM
AMOUNT
Nice camera phone (If you do not have one)
N30,000 – N150,000
Phone stand
N10,000
Starting food items
N4,500 – N10,000
Data credit
N500
Marketing
N10,000
Other essentials items:
Start out with Youtube and other social media. Ensure to have your own Youtube channel and with the right marketing and execution, you could grow your brand and start an offline school.
Recipe Collection
The recipe collection is one business sector a lot of people would normally not pay attention to as a money-making business. However, there are millions of people out there searching for recipes daily. Such searches come from chefs, housewives, and other people with the mindset off their culinary skills to their willing clients.
How to start this business idea
Recipe collection can take different forms, from setting up a recipe blog, to writing your own cookbook, or even showcasing your recipes through videos on YouTube, Instagram, or your personal recipe bog.
To start, It is best to select a niche you love and are good at, one that you could be proud to build a brand around
Make a conscious effort to document the preparation of all the meals you love
Take your time to perfect the recipe by going over them several times to ensure that your recipe is accurate and can be easily replicated following the steps you documented
Pick out your preferred media for to present the recipe to your customers – viz book, audio, or video
How to keep this business idea successful
Focus on a market (Cuisine) – African, Calabar, Continental, Italian, etc
Diversify – Diversify within your market – Give your customers varieties and keep surprising them to enable them to keep coming back for more.
Have a social media strategy
You definitely need a website, regardless of the media of delivery.
Think out of the box, present your recipe in a very easy to replicate manner, do a lot of info-graphics if you must; just ensure to focus your attention on the customer experience.
Financial
Capital Needed
Little or no capital. Your capital outlay is a function of how vast you want your recipe to be. You could focus on a single recipe and make it so good in such a way that even a blind man would find it easy to replicate.
Starting Cost Outlay:
ITEM
AMOUNT (Naira)
Starting ingredients
10,000
Media platform
30,000
Marketing and Sale – Advertisement
36,000
Website
15,000
Other essentials items:
Your ability to think out of the box would make the difference between your success or lack of it. Did you know that you could sell your recipes to established restaurants?
Practicable minimum startup cost = N40,000
ONLINE BUSINESS IDEAS IN NIGERIA
The proliferation and advancements in technology have given rise to the possibility of entering new markets, developing new products, etc.
Most significantly, it has enabled entrepreneurs to create businesses that are wholly operated virtually; mainly in the digital environment. A major result of this is decreased overheads from physical space and in some cases personnel cost.
Businesses can now be run on the move, without boundaries, and in some cases, secretly.
This is a list of some businesses any focused entrepreneur can pick up and make money from, online:
1. Build a Niche Blog (or Website) and Use Affiliate Marketing
Image Source: Unsplash – Anete Lūsiņa
Blogging can be quite fun. Especially if you love to write, making money doing what you love can be very fulfilling. Earlier in June this year, I woke up and asked myself what I could do with the spare time I had and somehow make money from it now, and into the future. So blogging came to mind.
Having the right blogging platform can mean the difference between a successful blog and a failed one. I mostly use WordPress for its ease of use and support base, but I have also made use of almost all the available platforms. Overall, I highly recommend WordPress. The attached chart says it all.
Decide on a niche
One of the reasons we go into blogging is to share our knowledge of a specific field or topic we are familiar with, but it would not make sense to blog in a field that is absolutely dominated by authority sites, their expertise, authority, and trustworthiness would simply drown a newcomer.
So it is necessary to spend some time thinking about the niche you would love to blog on. Ensure that you narrow down on the niche as possible.
It is better to blog on BMW cars than it is to blog on cars generally.
Setup your domain name and get a hosting service
Picking up domain names these days is similar to being on a gold mine – the best domain names have all been taken. There have been instances when big corporations have had to buy domain names relevant to their purpose for several thousands of dollars.
That notwithstanding, if you are creative enough, there is always room for more domain names out there.
How to keep this business ideas in Nigeria successful
In the blogging world, content is king. Ensure that you dish out high-quality content frequently, preferably on a schedule. A major key to being successful as a blogger is your ability to figure out what content to write about, and when to write it.
Keep engaged follower-ship and in time everything would fall to their rightful places.
Financial Capital Needed
Little or no capital. Your capital outlay is a function of how vast you want your recipe to be. You could focus on a single recipe and make it so good in such a way that even a blind man would find it easy to replicate.
Starting Cost Outlay: Tools and supplies needed
ITEM
AMOUNT (Naira)
Starting ingredients
10,000
Media platform
30,000
Marketing and Sale – Advertisement
36,000
Website
15,000
Other essentials items:
Your ability to think out of the box would make the difference between your success or lack of it. Did you know that you could sell your recipes to established restaurants?
Party planning is one the most lucrative business ideas that anyone can easily start in Nigeria with very little financial capital.
It more than getting a DJ, entertainers, caterers, and dancers for events. This business is built on patience, diplomacy, multitasking, salesmanship, organizational abilities, and a passion for seeing your clients fulfilled.
The business involves but not limited to, planning bachelor/bachelorette parties, concerts, conferences, seminars, weddings, anniversaries, book launches, etc.
It doesn’t require any special education to start. It is usually a business born out of passion, and through experience and exposure, you will well be equipped to climb up the ladder.
What you need to start this business idea
Passion: It should be a business you’re passionate about. By going to events and volunteering to help, might help you improve your skills.
Create a business plan: Write out and plan everything that the business will need to kick off. A business plan should answer every critical question relating to the business.
Party planning is a broad business, so you can decide to tailor it to a particular niche.
State your charges and responsibilities for every event.
Decide the cost: Although it’s not advisable to have fixed prices due to the ever-changing cost of things, but try to have stipulated cost for every event.
Consider the fact that every event/client is different from the other when charging. Big outdoor events are more tasking and expensive than in-house parties.
Lawyer up: Employ the services of a lawyer to draft contracts that will cover you from any liability that might arise in the course of the business.
Business registration: Get your business licensed by the CAC – The Nigerian Corporate Affairs Commission, and try to have some insurance coverage for the business.
Marketing: Be strategic about how you’ll market your services online and offline. Don’t only rely on referrals from your clients, work towards getting new clients. Read up on customer Acquisition here.
Put up your best jobs online for people to be aware of your services. You have to be conversant with social media platforms like Instagram, Twitter, and Facebook.
But while at it, make sure you’re covering grounds offline. Create brochures, business cards, and tell friends, family, and colleagues about it. Do not fall to the If I Build It They Will come, Trap! The path you choose to go is yours to take. But listen to me, you cannot make sales unless you attract the right type of customers.
Create portfolios for your successes: Properly document all the parties you’ve planned and executed successfully.
Create a team: The importance of having a good team you can rely on to successfully execute any event can’t be overemphasized. Have a good business relationship with DJs, caterers, MCs, entertainers, photographers, decorators, rental service companies, etc.
How to keep this business idea successful
Success is guaranteed when you embrace each phase of the journey by giving every job your best. As a starter, you will quickly build your reputation by taking up jobs you can handle correctly.
Another way to build the credibility of your brand is by being truthful in your dealings because no one will like to recommend a party planner that reaped him/her off.
Financial capital needed
It needs little or no capital to start up. The clients provide the funds required for planning.
ITEM
COST (NGN:K)
One-page website
15,000.00
Business cards
10,000.00
Sponsored social media promotions
10,000.00
Brochures
5,000.00
Other essential tips
Don’t claim someone else’s work because many party planners are doing it.
Market your business aggressively if you don’t want to be overshadowed by competitors.
Lastly, party planners are outgoing and creative people. Work towards being one if you’re an indoor person.
As the name implies, the wedding marketplace is a place intending brides and grooms can hire or buy their wedding items.
Planning a wedding in Nigeria is quite a cumbersome task; that’s why there are people who specialize in making weddings less stressful – The party planners.
A wedding marketplace could be online or offline, but we’ll be focusing on the online wedding marketplace. An online wedding marketplace is cheaper and easier to own. All you need to do is have a well-designed website where buyers, sellers, and renters can meet.
What you need to start this business idea
Salesmanship: You need to have the skills of an excellent salesman to run an online wedding marketplace successfully. Your ability to bring buyers and sellers together should be top-notch.
An eye for quality: Having an eye for quality wedding materials will help in spreading your fame.
It’s the joy of every intending bride/groom to have his/her desires qualitatively met.
In Nigeria, weddings are a big deal, and you won’t want your clients to think that you lack quality wedding materials because of a poorly developed website.
Patience: As long as weddings are concerned, patience should be your watchword. Intending couples are some times indecisive. Even after you’ve shown them the best of items and given them the best advice, they will still be skeptical about their choices. That is where patience comes into play.
A well-detailed business plan: Plan this business to the very last detail. Answer every question/doubts that may arise. Decide on the prices of every item you intend to rent out or sell. Charge for the extra services you offer. If you need an expert at writing business plans, then get in touch using the contact us page.
Build a professional network: Since you’re just like the middleman between the buyers and the sellers, it is necessary to have the best sellers in your professional network. You have to know the quality of every item you’re putting up on your platform.
If it means going to the physical shops of your sellers to see their wares first hand, by all means, do it. Your success depends on the quality of the items you sell on your marketplace.
Lawyer up: Get a lawyer involved and get insurance if you can. ExpertsNG has some of the best SME friendly lawyers that the country boasts of, link up with them here.
Have a return policy: Let the buyers and sellers know what the return policy is.
Marketing: Since the business is online, you need a web developer to create a user-friendly website for you. Use social media platforms like Instagram, Facebook, and Twitter to your advantage.
Tell family, friends, and colleagues about your business. Go to events and create a strategy to convert marriageable singles into clients.
How to keep this business idea successful
There are lots of online wedding marketplaces, but very few are succeeding in Nigeria.
This business can be successful if you have a good taste for quality and the zeal to see intending couples fulfilled when they visit your site.
Aside from the quality of service, nothing sells this type of business like customer relations, so relate well with your customers to understand their needs.
Financial capital needed
It doesn’t take much capital to start. You certainly need to have a laptop, a website with a payment gateway, carry out social media marketing campaigns, and create business cards, etc.
Starting Cost Outlay
Item
Cost
Laptop
N150,000
Website with payment gateway
N150,000
Social media promotions
N10,000
Business cards
N5,000
Other essential tips
Get a website designer to build you a beautifully designed modern website with easy navigation, user friendly, and other features fit for a wedding marketplace.
Everyone loves to party, but very few are willing to clean up when the party is over. Such a reality is why an after-party cleanup business will thrive if you have the passion and the will to get your hands in soapy waters for money.
You may start gradually by asking friends, family, and colleagues to pay you an affordable fee to clean up and sort utensils, bottles, and other items for them after parties. It may not sound so Nigerian, but many people who clean up after their party wish they had a professional they could pay to do help with the dirty chores.
Small in-house parties are an excellent way to start until you have built momentum to take up more significant projects.
What you need to get started
Determination: The early days of this type of business may not boom like the other businesses you may know, and so, you need to determinedly keep doing what’ it takes to grow the business.
Note: If cleaning isn’t your thing, then the party cleanup services businessisn’t for you.
Trustworthiness: People are careful about the people they let into their homes. You need to find ways to radiate integrity and reliability for this business to scale.
A good reputation is the silver bullet in this type of business. Your customers should find you dependable, always.
Team: When picking your team of cleaners, make sure they’re people of integrity if you do not want the gavel of judgment to come down heavily on you.
Banking on your integrity alone isn’t enough because any team you take to a job represents your business.
Your team members should, therefore, appear professional and equipped to improve on your brand’s equity – representing all that you project to make your clients feel safe.
Time management: You should, and must project to be very efficient – your party cleanup service should be able to manage time as your profitability mostly is often tied to your time-management ability. If you have three jobs in a day, you shouldn’t spend the entire day on one job post.
Customer relations: How well you relate with your customers determines how far the business will go. People will need recommendations from people they know before hiring a party cleanup service.
Those online recommendations might look fake to people, but what your customers say about your brand is what it is.
Insurance: You need to have some indemnity cover on your business to help cover liabilities that might occur in the course of executing your trade.
Cleaning products: The products you need to clean up a place can be from you or the client. Some clients are allergic to some cleaning products, which means you have to ask them.
Here are some products you should have:
Brooms
Mops
Window cleaner
Brushes and dustpans
Latex gloves
Toilet brush
Toilet cleaner
High duster
Vacuum cleaner
Extension cord
Disinfectants
Feather duster
White rags
Paper towel
Waste bags
Suggested Reading: 14 Steps to Start and grow a profitable business in Nigeria
Register the business: People trust a registered company, especially when it involves going into their private space.
Marketing: Offline and online marketing strategies should be employed. Paid social media promotions are a great idea, but don’t forget that telling people your services offline pays too.
How to keep this business idea successful
Keeping a business like this successful has a lot to do with consistency and persistence. The more you offer exceptional service to your clients, the better your portfolio.
Finally, have a good team working with you.
Financial capital needed
Aside from the vacuum cleaner, every other cleaning product is quite affordable in the market.
Many people find it hard to put the right gift items together for their parties, with many not knowing where to get the right gift items.
Gift basket service is an art some people do for fun without the expectation of being paid. Some people gifted with the creativity of putting together gifts items, especially ladies, would do this for their friends as favors.
As an entrepreneur, what I see in most scenarios are business opportunities. Looking for business opportunities wherever I find myself has become second nature. I expect that you’d also develop yourself to that point.
Train your business mind to figure out how best to turn that fun activity into a money-making venture.
As simple as gifting items sounds, not everyone is good at it, and not everyone has the time to do so.
If you’re a creative genius in crafting, packaging, and delivering gift items, consider this business idea. The gift basket idea is one that full-time housewives/homemakers would be able to do with much ease.
What you need to start this business idea
Creativity: Anyone can go to the gift store and pick gift items; indeed, not everyone can be creative about it. People are willing to pay for your creative ability to make the gift unique and valuable to the recipients.
You have to think outside the box to show your uniqueness.
Do note, however, that creativity increases with practice and on-the-job experience over time.
Craftiness: Craftiness is what most gift basket service in Nigeria lack. You mustn’t buy everything needed to deliver a gift basket to a client.
Some times, the client’s request will demand you to be crafty to create one of the items yourself. It’s an edge you’ll have over your competitors.
The art of presentation: There’s no doubt that an expensive and creatively packaged gift basket can mean less when poorly presented; Presentation says so much in this business. Gift baskets for different occasions have beautiful ways you can present them.
Enthusiasm: Make sure you’re very enthusiastic about putting smiles on the faces’ of the gift baskets recipients. Remember, it takes a cheerful countenance to makes someone’s occasion special.
Register the business: Companies like to patronize registered businesses. Registering your business makes it a legal entity.
Marketing: Your marketing is majorly through the fantastic jobs you’ve delivered. Your clients’ satisfaction is your gateway to more prominent gigs.
Maximize social media platforms to enhance your online presence.
How to keep this business idea successful
Keeping your gift basket service business is achievable through exceptional customer service delivery. Don’t post a gift basket online and deliver something else offline. People are wary of online gift basket services because of this particular reason.
Integrity plays a crucial role in this business’s success. Improve your craft by watching DIY YouTube videos. And ensure to always deliver more than expected of your clients.
Financial capital needed
It takes almost nothing to start since the clients will be paying for the gift baskets. As you grow, you can add a website and pay for your social media campaigns.
Starting Cost Outlay
ITEM
COST
Social media promotions
N10,000
Website
N35,000
Business registration and reservation of business name
N15,000
Business cards
N5,000
Other essential tips
You should partner with event planners, flower shops, etc.
Practicable minimum startup cost = N45,000
PAMPER PARTY BUSINESS IDEAS
Also known as a pampering party, a pamper party is a party where people get their body massaged and enjoy beauty treatments while relaxing with family, friends, or colleagues.
You might consider this business idea if you have magical hands and a good knowledge of beauty treatments. Better still, if you could partner with someone that does.
You don’t need to have an office space since you’d be meeting your clients in their houses or hotels.
Events such as bachelorette nights, baby showers, birthdays, and engagement parties are days when some ladies would love a good massage and beauty treatment.
What you need to get started
Massage skills: As a masseuse/masseur, you need to have excellent massage skills. There are many beauty spas you can train to improve your skills.
When it comes to the human body, people want to feel safe with whoever is handling their body.
Certification: You may not need this to massage friends and family, but some clients may want to be sure that you know what onions mostly with some certifications. As you start, have it in mind that you need to be certified to scale.
Products: For a start, you need a massage table, reclining chair, beauty treatment products, and pedicure and manicure stations. There are other equipments used for a pamper party service, but you’ll have to get them with time.
Businesses registration: Get the business registered to boost your credibility and make your clients feel safer with you.
Customer relations: Friendliness and gentility are essential when dealing with your customers. Give your best to every client you get to pamper and watch your ratings increase.
Marketing: You’re to promote your service both online and offline. Do your best to leverage Offline marketing as much as possible and engage more of mouth-to-mouth marketing as it will resonate more with your offline contacts. Tell your family, friends, and colleagues that you are a masseuse/masseur.
Leverage online platforms like Facebook, Instagram, and Twitter to build your online clientele. Just ensure targeting your marketing efforts in ways that aim to get prospective clients from your geographic location.
How to keep this business idea successful
When people hear the word “Pamper party,” they tend to think it’s for the rich. And this is an impression you should change through your marketing strategy.
Promote your services in such a way that almost anyone can patronize your services. Create different packages and offer a discount when the clients based increases.
Try your best to use the right beauty treatment products. Ladies do not joke with their bodies, so avoid any product that can devalue your services.
Sell your services wherever you find yourself by talking about the solutions your products and skills will bring to people.
Financial capital needed
For a beginner, you don’t need to own all the equipment, but if you are to be effective, there are necessary products you ought to have. If you’re not financially buoyant enough to get new equipment, you can go for fairly used.
Item
Cost
Massage table, towels, robes
N135,000
Fairly used massage table
N80,000
Portable pedicure and manicure massage
N40,000
Beauty products
N12,000
Business cards
N10,000
Social media promotions
N10,000
Business registration and name retention
N15,000
Other essential tips
Partner with hair salons and local hotels around you. Practicable minimum startup cost = N150,000
Renting out party supplies is a very lucrative business that requires little or no training. All you need is to have the necessary supplies people need for their parties.
The party supplies rental business idea entails owning party supplies and renting them out to event planners or end-user customers.
It is capital intensive, but you can decide to start small with what you have. After all, some big rental companies don’t have all the supplies.
It will also require you to partner with those that have some supplies you don’t have. It will reduce your profit, but that’s the best option if you want to start small and grow. The reality is that you may never start if you wait to have all the supplies before starting. Some prominent people in the business began with small party supplies until they were able to own their supplies. It would help if you had enough patience to see it through.
What you need to start this business idea
First of all, you have to be able to identify quality party supplies. It’s expedient that you know what is in vogue; use them. Commit to working consciously towards the growth of the business because rental service takes time to pick up in sales.
Good knowledge of record-keeping is required to avoid losing your supplies. Take proper stock of all your supplies and make sure they are returned in good form.
Register the business to give it a legal identity.
Share the business idea with friends, family, colleagues, etc.
Display your wares online through social media platforms.
How to keep this business idea successful
You can be successful as a party supplies rental service owner when you treat your business as an essential service and run it as you run any other business.
Friends and family will like to use your supplies for free, don’t let them. Unless you make a profit and maintain healthy cash flow, your business would collapse.
Take collateral for every supply you rent out and adequately keep records.
Deduct the amount of any damaged supply from the collateral paid. You might also make your customers pay for the lateness in returning your supplies.
Financial capital needed
As stated earlier, it’s capital intensive, but you can always start from somewhere.
Item
Cost
Pots, plates, spoons, pans, glass cups
N50,000
Industrial gas cooker and gas cylinder
N100,000
Firewood stands
N40,000
Tables, chairs, table clothes
N150,000
Canopies
N150,000
Trays, cutlery, turning sticks
N100,000
Water drums
N20,000
Basins, bowls
N10,000
Business registration and name retention
N15,000
Printing on the items
N10,000
Business cards
N10,000
Practicable minimum startup cost for Renting Out Party Supplies = N650,000
Cleaning Services
Photo by Matilda Wormwood from Pexels
Laundry/Dry Cleaning
Fast-paced life in the cities has made laundry and dry cleaning business a prosperous one. Little wonder that it claims its spot on this list of the leading fastest growing businesses in Nigeria. People are so busy that they would instead outsource their laundry than to do it themselves.
Even the less active people hate to do their laundry themselves.
If you’re passionate about laundry and dry cleaning, this might be the business for you.
How to Start Laundry/Dry Cleaning Business
The first thing needed to start laundry and dry cleaning business is to be passionate about cleaning to come extent. Usually, laundry is a hated chore, so if you want to build a business empire out of it, you must be passionate about it.
It is also vital you understand the difference between laundry and dry cleaning. Laundry is washing clothes and other materials with soap and water, while dry cleaning is more technical. Dry cleaning involves cleaning without water; mostly with chemicals such as Perchloroethylene, Glycol Ethers, etc.
The above-mentioned difference between the two will require you learning the techniques. The best way to learn is by going to a physical laundry/dry cleaning shop for a few months. It might sound tasking, but there are tricks those professionals dry cleaners know that you might not know.
You can leverage some YouTube videos to learn the techniques needed to run a dry cleaning business successfully.
How to Keep the Business Successful
The best way to successfully run this business is by learning the ropes and going professional. Just because it’s fast-growing doesn’t mean you should jump into it without equipping yourself with the needed skills and knowledge.
Tell people about your business and the value you’re giving to them. You must be ready to bring something new to the table. You should be able to answer prospective customers’ questions on why they should use your services.
People are entirely mindful of their clothes. They may not like doing the laundry themselves, but they’re concerned about who’s doing their laundry.
Use social media to your advantage. You mustn’t have a fat bank account to push your business on social media platforms. You can start with Facebook, where you have friends, relatives, former colleagues and former schoolmates. You can run Facebook promotions on your business page with 1,500 Naira.
You can later extend to Instagram and Twitter. If you can’t create time to manage your business pages yourself, some influencers can help you out for a token.
You can register the business name with the CAC for only 5,000 Naira. People trust registered businesses more than unregistered ones.
Do all that’s needed to put your business out there.
Financial Capital Needed To Start Laundry/Dry Cleaning Business
How you start depends on your capital. The beautiful thing about this business is that you can start from your house with some essential items needed for laundry/dry cleaning. If you intend getting a shop, it will cost you more depending on your location.
Here are some things you’d be needing to start a laundry/dry cleaning business:
Item Needed
Cost Price
Washing machine
50,000
Dryer
98,000
Iron board
30,000
Electronic iron
6,000
Hangers
15,000
Pegs
3,000
Buckets
2,000
Basins
3,000
Laundry soaps and detergent
3,000
Brushes
4,000
Garment conveyor
25,000
Bleach
1,000
Power generator
85,000
Banner
10,000
Stickers
5,000
Business name registration
5,000
Social media promotions
5,000
Other essential tips to effectively run a laundry/dry cleaning business:
If you have a car, you can add “Pick and deliver” to laundry business. Customers prefer a laundry service coming to pick up their clothes and return them.
It’s a competitive advantage if you have a car and employ other hands.
Find out what your competitors are charging and know how to fix your prices.
CAR WASH
The increase in the number of busy car owners is making car wash business more profitable. Many car owners would prefer to take their vehicles to the car wash for thorough washing instead of washing their cars themselves.
This article writes on all the key essentials that you must consider before you start your car wash business – one of the leading fastest growing businesses in Nigeria.
The most exciting thing about the car wash business is that you can start at any scale, even small.
You don’t necessarily need to have big washing equipment to kick it off. With little capital, determination and hard work, you can scale that business into something big.
How to Start A Car Wash Business
Learn about the business before jumping into it. Many startups fail not because they weren’t profitable, but because the owners didn’t take time to learn about the business.
There are tricks in every business you’ll have to learn in order to excel.
Choosing the right location for the car wash is of utmost importance.
A majority of car washes are situated close to the roads. It would help if you situated your business close to your customers. Seek an open space close to a significant or busy highway.
Get the right equipment. As a starter, you mustn’t have ample equipment, but there is some essential equipment to have. We’ll be looking at some of the equipment in the starting cost outlay.
How to Keep A Car Wash Business Idea Successful
First of all, you need to have the foresight to be able to keep it thriving. Have a well-thought growth map you’re working with.
I’ve also noticed that having a sitting area where your customers (A lounge or something similar where car owners) can sit and chill while you wash their cars will increase your customer base—adding something like a lounge or a minibar to the car wash will improve patronage.
The location alone won’t draw customers. You have to market the business every chance you get, aggressively. Tell friends, family, colleagues, neighbours, cliques, and every car owner you meet about the services you offer.
Collaborating with auto repair shops, barbershops, salons, and other businesses around will help boost your clientele.
Employing experienced car washers is very important. It would help if you had a team of professionals with integrity around your business.
If the cars are thoroughly cleaned, your customers are more likely to come back.
Financial Capital Needed For ACar Wash Business
How much you need to start depends on how big or small a car wash business you’re creating. You can start with small machines in a not so ample space.
Item
Cost
Business name registration
5,000
Rented space
250,000
Social media promotions
5,000
Car wash machine
100,000
Water (Borehole)
400,000
Water tanks
45,000
Water Hose
10,000
Power generator
100,000
Brushes, Buckets, towels
7,000
Robber boots and gloves
6,400
Soaps and detergent
2000
Blowers/dryers
350,000
Vacuums
40,000
Perches
30,000
Prep guns/pressure water
100,000
Other Essential Tips To Aid The Car wash Business
Strategically partner with barbershops, salons, eateries, spare parts dealers to increase your customers. Use social media to create online awareness for your business.
You may also wish to start a membership subscription plan.
Poultry farming is a very profitable business, and that’s why it is speedily climbing up the fastest growing businesses in Nigeria ladder.
Unlike what many people think, poultry farming isn’t only about breeding chickens or egg production. There are four significant activities and possibilities with Poultry farming:
Layer breeding
Broiler breeding
Poultry feeds production
Poultry equipment production.
Poultry farming, as a business is broader than people think. And that’s the reason it’s essential to understand whichever branch you decide to venture.
Know that every branch is profitable, depending on how you run and manage the business.
Why’s Poultry Farming a Thriving Business?
Considering the profit poultry farming yields, it is only logical to understand why it’s thriving. The increase in the consumption of white meat which includes chicken, turkey, duck and other birds fall into is due to the health implications red meat has. All age groups consume white meat, unlike red meat. Apart from that, it’s affordable and readily available.
How to Start This Business Idea
The first step to take when starting this business is to take time to learn about the business. You might think breeding chicks and layers is all about feeding them, but that’s not the case. Have it in mind that one single mistake can lead to the death of thousands of chicks. There are tricks in every business you have to learn to succeed, know them.
After researching and learning about the different branches of poultry farming, you have to decide if you will be breeding chicks, breeding layers, or both. This decision is a result of the knowledge you’ve acquired from your trainer. Specialize in the area you’re good at.
Set up the poultry farm. This can be done in your house, rented land or acquired property. It depends on your budget. But wherever you choose, make sure it’s conducive for the chicks, layers and eggs.
Another factor to consider when setting up your poultry farm is your access to water, power supply, motorable roads.
Structuring the farm can be done in three ways:
Fencing system: This is a poultry farming system where the birds freely roam around in a fenced area fending for themselves. This structure isn’t advisable for a business.
Sawdust system: This is a poultry farming system that use sawdust as the main cage system. It allows the chickens to move freely. It’s imperative to change the sawdust regularly to prevent the spread of diseases.
Caging system: The is the most common system when structuring a poultry farm. Birds are caged according to their sizes.
Buying of equipment depends on the structure of your poultry farm. We’ll look at the needed equipment and their prices in the starting cost outlay.
When buying the chicks, make sure you’re buying from trusted dealers. This is one of many perks of being trained by a professional. You will be able to different healthy, malnourished and unhealthy chicks.
Already prepared feeds are highly recommended when you’re just starting. As you progress with time, you’ll be able to produce the feeds yourself.
All things being equal, your turnover will depend on your marketing strategy. You are to build a network of retailers before your first harvest. Market to the retailers around your area and let them know when the products will be ready.
How to Keep A Poultry Farming Business Idea Successful
The business will be successful if you don’t make crucial decisions from a greedy point of view. Start with a few chicks and see your progress. You don’t test the depth of a river with both feet.
Employ helping hands if you are breeding more than 400 chicks. Poultry farming requires utmost attention, so don’t give the business less attention.
Aggressively market the business to friends, family, colleagues, neighbours, retailers, food vendors, grill vendors, etc.
Financial Capital Needed To Run Poultry Farming
You can start with the sum of 100,000 with a well-structured cage. You’ll increase the chicks as time progresses.
Item
Cost
Business name registration
5,000
Banners/stickers
15,000
Social media promotions
5,000
Leased land
100,000
Feeders
12,000
Chicks (N200x40)
80,000
Waterers
30,600
Cages
92,000
Incubators
48,420
Nests
50,000
Coops
50, 000
Waste disposal
25,000
Brooders
55,000
Perches
30,000
Power generator
100,000
bags Feeds (10)
30,000
Other Essential Tips
To breed healthy birds, you must employ the services of a vet. A vet will advise you on what to do to make the birds healthier.
Partner with eateries, beer parlours, cuisines and local kitchens to provide them with fresh eggs, turkeys, and chickens.
Cassava Farming Business Ideas in Nigeria
Cassava is the source for most of the food Nigerians eat. Fufu, Garri, Abacha, Amala, Cassava flour, etc. are the products of cassava. And this has made cassava farming a fast growing business in Nigeria. Aside from the products being locally consumed, it also serve as foreign export since Nigeria produce cassava in high quantity. Statistics have it that 24 out of 36 states in Nigeria grow cassava.
Cassava production might sound like a huge task, but it’s one of the easiest things to plant. The quantity you’re planting is where the work lies.
Before choosing a location, it should be perfect for cassava farming. Go for fertile land that is well-drained. You won’t be able to tell the real nature of the soil, and this is why you should take the soil for testing to find out if it will favour cassava farming.
Check for the following:
Adequate rainfall, sunshine or access to water
Landscape topography
Proneness to pest invasion
Proneness to soil erosion
Choose Cassava Stems for Planting
Understand that planting cassava for private use is different from commercial planting. When planting for private use, you may not be so particular about the stems you’re planting, but this doesn’t apply to planting cassava for business. In planting cassava for commercial use, you have to consider the stems to know if they are high yield stems.
Different cassava stems don’t grow well on the same soil. After testing your soil you should have better knowledge of the kind of cassava stems the soil can accommodate.
Check the stems for the following:
The quality of the root they produce.
If the stems are healthy and fast-growing.
Whether the stems have a strong resistance to pests.
Rapid and rich growing stems for commercial cassava planting
NR 8082
NR 8083
TMS (2) 1425
TMS 30572
TMS 81/00110
Prepare the Soil
Well-prepared soil aid the growth of healthy of the cassava.
How do you achieve this?
Adequate use of manure and fertilizer.
Prepare the soil for irrigation because you can’t be too sure about rainfall.
Prepare the ridges to prevent rain from washing away the soil.
Prepare For Cultivation
You’re to prepare for cultivation from the very first day you planted the stems. It is highly recommended that you take good records of your activities to help you know the next step to take.
Before preparing the land, you’re to apply herbicide on the soil. Liming is also another thing to do during land preparation. You’re to apply agricultural lime of 5 (50kg) bags on the stems and land.
Plant the Stems
The Nigerian time for cassava planting is April. It takes 6-7 months to harvest early-maturing cassava, while it takes 12 months after planting the stems to harvest late-maturing cassava. It is advisable to apply fertilizer to the soil 8 weeks after planting the stems.
Weed the soil regularly to make sure the stems aren’t chocked by weed.
Harvest the Cassava
The best way to know that the cassava is ready for harvest is when the leaves turn yellow and fall to the ground, and when the root (cassava) is mature. To harvest faster, cut off the stems and preserve them for another planting season.
You can carefully use hoes to dig out the cassava root from the soil.
Marketing Cassava Products
You can either sell the cassava in its raw form or process and sell it yourself. Whatever you decide to do, make sure you have built a network of buyers for your product. There’s a big market for cassava products in Nigeria, so it won’t be that difficult to sell.
How to Keep The Cassava Farming Business Idea Successful
Your success is dependent on many factors, but you must have adequate knowledge of the business. Cassava makes our list of the leading fastest growing businesses in Nigeria because of many factors, one of which is her success rate amongst Nigerian farmers. Little wonder we are a leading producer of the tuber in the world.
Take time to learn the business by visiting cassava plantations and ask the farmers in charge questions.
Learn about the market for your product and how to sell them.
When you’re applying any chemical on the land or cassava stems, do it rightly. Wrong measurements can cost you a lot.
Have a senior in the business you consult in case anything goes wrong.
Financial Capital Needed To Start Cassava Farming
Cassava farming is capital intensive. You have to own or lease a plot of land to do this business.
As a farmer, you’ll be needing all the patience and consistency you can get to make something out of this business. Learn how to store and preserve the products and get ready buyers before harvest.
Conclusion:
These businesses are not on this list of the leading fastest growing businesses in Nigeria by accident; they are easy to venture into, highly profitable and with minimal risk.
Do you know any other business that is worthy of this list? Please give your suggestion using the comment section and I will write on them.
Making money is easy, it starts with just one simple yet very important principle – The desire to make money and the faith in yourself to make money.
A lot of people want to make money but lack this fundamental principle, so they look for the easiest of ways out of their quagmire – they engage in many unholy and unhealthy things just to make money.
This article is an answer to your question. It is packed with a lot of business ideas to help you make money. Some, with as low as N30,000 you could be smiling to the bank at the end of about 3 months of dedicated work on the idea you choose.
You may, like so many others who read this, be in search of small businesses to invest in. I would ask that you also read my post on How To Start A Business In Nigeria. The article will help you make the right decisions on company registrations, etc.
Due to my small business consulting background and training, I’ve had a lot of people ask me questions related to Small businesses in Nigeria. Some of such business-related questions are –
And many of such questions keep getting to me through emails, phone calls to my consulting agency, seminars, etc. I have, therefore, in response to these questions, created this article with these business ideas with the hope that it would give answers to at least one of your many questions.
It was designed to take the form of a mini business plan, and in categories.
For every 10 small business ideas you have, one is the best. One will never work. And the outcome of the other eight lie in your execution.
A good idea couldn’t stand alone. Its success lies in your execution and all the functional and creative skills you’ve gathered along the way.
As entrepreneurs, we may lack capital and resources. But we’ll never lack the ability to think differently – To have ideas.
Entrepreneurship is tough, so much so that there is an age-long ongoing debate with particular interests on how and where entrepreneurs draw their strengths.
Some opined that entrepreneurs are born, while others believe they are made; forged from the scenarios of hard work and grit.
Whatever the case, entrepreneurship is all about solving problems and creating businesses ideas out of the solutions proffered.
While most are either gifted in finding solutions to problems and challenges, others are not – They were trained and mostly supported by the experience of other service providers; such are mostly leaders who have mastered some effective team-building skills.
So if you want to go on the entrepreneurial journey, this article is a compilation of a list of small business ideas to help you start your journey rightly.
Entrepreneurship is a challenging marathon, and statistically, many business owners fail to attain sustainability. But trying to achieve sustainability and then profitability is only a mere strategy challenge once you have the right business idea and an effective team to run with.
At ExpertsNG, we acknowledge that it can take a significant amount of time to come up with the right small business idea you could execute with your current team and capital level, so we’re compiling the ultimate list of 500 small business ideas to help you speed up the process.
Below are links to different small business ideas, classified by their different sectors
A ready source of capital is an essential resource for any enterprise, a crucial aspect of building and sustaining any business for growth and maximum profitability. It is one of the major unique business challenges faced by most entrepreneurs.
Luckily, there are several available sources of capital and funds for small businesses, especially in Nigeria.
Considering the high-interest rates charged by Nigerian banks, business owners – startups and small businesses, find it hard to raise the required funds to get their businesses off the ground, especially within Nigeria.
Sourcing for funding doesn’t have to be a daunting task. However, a large number of business owners seem to find themselves stuck because they believe they can’t access funds. It is imperative to understand the basics of raising capital as it might mean the difference between entrepreneurs that successfully raise capitals, and those that do not. In order words, it could be a critical key to the success of your business.
At this point, it would be safe to let you know that not all types of funds are healthy for your business. It is, therefore, imperative to understand the dynamics of the different forms and sources of funding available to you as a business owner in Nigeria; their likely effect on your business, expectations of the owners of the funds, etc.
When sourcing for funds, certain steps are needed to attract the type of fund you need and more importantly, to get it from the right source.
In this article, we have listed the various sources of capital, sections on applying for grants from about N1.5 million and up to tens of millions.
Here is an Overview of Seven Typical Sources of Capital for Small Businesses
Having a single source for funding is not advisable regardless of the business strategy you intend to execute. This is especially true when it comes to financing your new business.
Listed below are generic sources of funds for businesses, especially startups.
Personal Investment
As an entrepreneur, one of the first ways to demonstrate confidence in your ideas is to invest your personal time and money into it. That is one of the first considerations other investors, friends and family give to your business to determine their likelihood of investing in you and your business. It typically signifies your level of commitment or lack of.
When considering self-financing your business, think of the following channels as viable Sources of funds for small businesses:
Personal Savings
Sourcing from your piggy bank is one of the easiest ways to finance a small business. Using your own cash is not only impressive but it also shows other potential investors your level of commitment to the venture. This can immensely help to gain additional funding from third parties, your personal savings is one of the major Sources of funds for small businesses, today.
Sell Personal Assets
Perhaps you may want to sell your stocks, real estate, bonds, and other assets in order to raise money to fund your business. Selling assets for cash is a time-tested way to raise money, but there can be tax implications linked to selling certain assets, especially real estate and stocks. Be certain to take that into account.
Family and Friends
Family and friends have proven over time to be a resourceful helpline for small business owners especially when you don’t have the track record to convince a bank to lend you money. Your family members and friends are easier to persuade compared to bank officials. Also, they are less likely to ask for stringent terms and high-interest rates or may not indicate any interest rates altogether.
A 2015 survey by Pepperdine University revealed that 68% of responding small businesses financed their business through support from friends and family. It is important to note that sourcing for funds from family and friends strings along with its own form of risks. Your relationships may suffer if the venture fails, or if it seems slower than anticipated to repay the loan.
Crowdfunding
Crowdfunding is another popular way of sourcing for funds; it depends on a system of generating small investments from a large number of sources. It is believed that it is easier to raise small amounts of money from many people than it is to raise huge sums of money from a few people.
There are different types of crowdfunding – Donation crowdfunding, Reward-based crowdfunding, Debt crowdfunding, and Equity Crowdfunding.
The donation crowdfunding includes sites such as GoFundMe, Indiegogo in which individuals donate without any guarantee of return on the money. Donors contribute based on the idea of supporting a good cause, a company they believe in or share values with.
Reward-based crowdfunding offers you something similar or a perk in exchange for the investment. A common example of this type of crowdfunding is Kickstarter.
To achieve optimum results from reward-based crowdfunding, it is important to set funding goals by determining how much you plan to source for with your fundraising campaign. Then create a reward strategy, an incentive you plan to reward the donors with for their contributions.
In Equity crowdfunding, investors give money to business owners in exchange for a percentage of ownership of the company; then after a window of time, the company repays the investors with interest in return. Most times the investors receive repayment or reward with interest within a designated period of time.
If you are a startup, equity crowdfunding is a smart way to go because it affords you the opportunity to raise larger sum of money from different investors than you would with the other funding opportunities.
This, infact is a major out of the available Sources of funds for small businesses, globally.
Angel Investing
Angel investing involves sourcing for funds from a high-net-worth individual who is interested in supporting the business to grow and expand. These investors offer startups with seed money, and the company gives them an equity stake in return.
It is believed that when the company becomes profitable, the investors can sell their shares for a profit. Also, many angel investors tend to provide more than just money. A high number of them are business owners; in addition to the funding, they often share their expertise, which can go a long way in defining the long-term success of the business.
Venture Capital
Venture capital firms invest directly in budding companies in exchange for equity stakes in the business. Most VC firms are partnerships investing firm money, and they tend to be greatly selective and often invest in businesses that are established and have the track record to generate profits.
VC firms invest in a business with the aim of cashing out their equity stake if the business eventually holds an initial public offering (IPO) or is sold to a larger existing business. To secure venture capital, the first step is to submit a business plan to either a venture capital firm or to an angel investor.
If interested in the proposal, the firm or the investor will perform a thorough investigation of the company’s business model, products, management, among other critical factors.
Venture capitalists tend to invest a large sum of money in just a couple of businesses. Most often venture capital experts also tend to focus on a particular industry. A venture capitalist that specializes in agriculture, for example, may have prior experience as an agriculture industry analyst.
Business Incubators
Incubators support startups that are still in the early stages of building their company. Most startups have an idea that can change the marketplace, but no business model to transition from innovative idea to reality.
Incubators are exactly what the name implies, and they are managed by venture capital firms, government agencies, with the vision of building new businesses through their earliest stages by providing marketing, networking, infrastructure, and financing assistance. Incubators function on an open-ended timeline.
They focus more on the longevity of the business than how fast the company grows. Incubators do not provide capital to startups and are usually funded by economic development organizations. They also don’t often have an equity stake in the companies they support.
Co-Creation Hub is a brilliant example of an incubator. Incubators invest time and resources into advancing local startups; they are generally tasked with creating jobs or finding ways to grow the business.
But they have less pressure to deliver startups that can grow fast, as fostering and supporting local startups is part of their mandate. Therefore, even a slow growing or less scalable business still attracts a good incubator.
To become part of an incubator program, a prospective business owner has to complete a lengthy application process. Requirements differ among various incubators, but the entrepreneur must demonstrate a strong potential for success.
Available Sources of Funding for Startups in Nigeria
Here are leading players in the Nigerian business space who have records of aiding a large number of startups in recent years:
1. Tony Elumelu Foundation (TEF)
This is entrepreneurship program is funded by a $100million commitment by the Tony Elumelu Foundation to empower 10,000 African entrepreneurs over a 10-year period. The goal is to create at least 1million jobs and contribute over $10billion in revenue to the African economy.
Through its flagship Entrepreneurship Program, the Foundation empowers African entrepreneurs and the entrepreneurship ecosystem across 54 African countries. The Foundation has empowered 7,531 entrepreneurs thus far, through the provision of small business grants to qualifies persons and businesses.
It is arguably the largest source for small business grants in Nigeria.
2. African Development Bank
The Nigeria Trust Fund (NTF) was created in 1976 by an agreement between the Bank Group and the Nigerian government.
The NTF is a self-sustaining revolving fund. Its objective is to assist the development efforts of the Bank’s low-income regional member countries whose economic and social conditions and prospects require concessional financing.
Its initial capital of $80 million was replenished in 1981 with $71 million. In 2008, the Federal Republic of Nigeria and the Bank Group agreed to a ten-year extension of the NTF. NTF resources can co-finance operations with the ADB and the ADF, as well as fund stand-alone operations, in both the public and the private sector.
Supplementary loans for Bank Group financed projects can also be considered.
3. Bank of Industry (BOI)
Bank of Industry (BOI) is one of Nigeria’s principal financing institutions and it provides long-term support to different industries and various sectors of the economy.
With the vision of providing financial support for the development of micro, small, medium and large businesses, BOI focuses on businesses that engage in manufacturing, processing, Oil and Gas, information technology amongst others.
It is the largest and oldest financial institution in the nation.
This is a grant offering foundation that supports local, national, and regional women organizations, working towards the empowerment of African women and the promotion and actualization of their rights.
Their aim is to strengthen and support the work of African women organizations. By amplifying African women’s voices and achievements, AWDF supports efforts that fight hurtful stereotypes, and promote African women as active agents of change.
5. Lagos State Employment Trust Fund (LSETF)
This trust supports Small and Medium Enterprises (SMEs) with ₦25 billion. The fund is divided into two categories: micro and small businesses or the micro category. Businesses in this category can access up to ₦500, 000 loans with an interest rate of five percent and a tenure of one year – this is mainly geared towards youth entrepreneurship support.
The small business category businesses can get up to ₦5 million for a tenure of three years. The criteria for accessing the funds include: membership of a business organisation that will recommend the business for the loan, Lagos State tax receipt for at least six months, and Lagos state residency card. Till date, up to 8,000 businesses have received over ₦6 billion from LSETF.
6. Development Bank of Nigeria
Development Bank of Nigeria (DBN) is a bank owned by the federal government of Nigeria and assigned with the task of catering to the financial challenges faced by Micro, Small and Medium Scale Enterprises (MSMEs). DBN was launched on the 23rd of March, 2015.
The federal government launched the DBN to see to it that Nigerians put their creativity to full use. While youths have complained (time after time) about the unemployment rate and the lack of opportunities, the Federal Government listened to these pleas by creating this avenue for creativity.
The plan was to allow financial inclusion for youths and older adults who have limited opportunities in terms of converting their dreams to reality.
Basically, “you got a dream—get it across to DBN”.
The loan repayment plan of the DBN is quite flexible. The tenure lasts up to 10 years, coupled with a period of a moratorium of up to 18 months. Also, the interest rates are on a fully sustainable and market-conforming basis. Hence, this makes taking a loan from DBN about the best loan-taking option for Nigerian entrepreneurs.
I will not blame you if the first idea that comes to your mind is starting a poultry farm, farming domesticated birds for meat or eggs production.
You see, poultry farming is by far the most established and lucrative animal farming business idea in Nigeria. I use the word established deliberately, in the sense that poultry products’ interest and consumption continue to increase, making it the most common source of protein/ meat production besides fish, pork, and beef.
This growth has been unhindered by culture and religion as virtually all cultural and religious groups do not forbid poultry (Chicken meat) consumption. This increasing demand resulted in a significant increase in the number of birds reared for meat and eggs.
Table of contents
In 2003, USDA reported poultry production volumes at that commercial poultry production in Nigeria stood at a value of $800 million. Significantly, this represents just 30% of local annual consumption levels, with a deficit of 70% being provided for by illegal imports of frozen chicken into the country.
Step by step guide on how to start your poultry farm in Nigeria
How can anyone interested in starting a poultry farm business in Nigeria go about it with certainty that it would come out profitable? This article will explore that based on my personal experience in the industry.
Total Time Needed :
30
Minutes
Total Cost:
from 65
USD
Required Tools:
– Day-old chicks – A commercial poultry housing system – depending on the type of poultry – Poultry Feeds – A good breed (Broiler, Noila or Layers)
Things Needed?
– A WordPress Website.
Steps to configure the How-to Schema:
Step 1 – Learn as much as you can about the business
You have decided you want to venture into poultry farming. What is the first thing you do? Go to Mama Ijesa’s shop to buy day-old chicks? For many would-be poultry farmers, that was how they started. Little wonder that they get burnt and stay away from the poultry industry ever after.
You are smart and would not make that kind of rookie mistake. The best place to start is by doing what brought you to this article in the first place, research about how to start and manage a sustainable poultry business in Nigeria. It is essential that you keep in mind that this article is just a starting point and in no way makes you an expert.
Learn as much as you can online by reading blogs and watching YouTube videos published by poultry farmers, keeping an eye out for the systems that they have in place and how they handle issues that come up. But do not let that stop you from reaching out to local farmers to get firsthand information on their experiences.
Step 2 – Decide on the vertical that you will focus on
While the poultry industry is relatively large and you could have several options including chickens, ducks, turkeys, and other fowl, this post assumes that you are interested in chicken production either raised for meat (cockerels and broilers) or eggs (layers).
The scale of your operation depends on your experience level and the amount of capital that you are willing to stake in the business. While some decide to focus on poultry farming for meat and others for eggs, there are several poultry farms, even in your city, where both outcomes combined. Here is a little background on the different breeds you could produce:
Broilers: Fast-growing chicken grown for its meat. Broilers attain slaughter weight in two months or less, making it the fastest Cockerels: This is also a meat producing breed of poultry. While much slower growing, they are generally sturdier and can survive even harsh environments. Layers: Layers’ poultry breeds are used for commercial egg production. If you want to produce eggs, this is the breed to stock. Incubation: It is also possible that you want to run a hatchery, where you produce day-old chicks for other poultry farmers to uptake.
Housing system and poultry farm equipment
Poultry housing systems are grouped into three categories namely: intensive, semi-intensive and free-range or extensive systems. Deciding on which system you will employ is a very important decision that you have to take as it may have a significant impact on your outcomes.
The free-range or extensive and semi-intensive farming methods are typically employed by hobby farmers growing for their home consumption, and commercial farmers that have access to large tracts of secure farmland.
In the methods, birds are either completely bred in the open and given a free run (as in extensive or free-range) or partially bred in a confined environment and allowed to range freely and forage as circumstances allow.
The major disadvantage with this method is that of poaching and largescale farmers would shoot themselves in the foot if they were to take this approach. An additional drawback is that this method is very impractical if one is farming layers.
In the intensive method, birds are confined in well-ventilated and illuminated deep-litter houses and likely only get out when they are ready for slaughter.
Depending on the poultry rearing methods employed, availability of funds, you will likely need equipment like feeders, drinkers, heaters, brooders crates, and cages.
Write out a thoughtful business plan
Starting a new business without having a business plan written out is a recipe for disaster.
Can you imagine a pilot taking off from an airport without a flight plan? Why then, would want to start a new business without carefully counting the cost and potential?
A business plan forces you to think critically about a new venture, the market, the cost, the competition and most importantly, your strategy to win. If you do not have the discipline required to think this deep about the business, then you are simply not ready.
What you would be going into would be a gamble, not an investment.
Besides, if you plan to access any bank loans or government grants (there are plenty for agro businesses right now in Nigeria), you would often be required to submit a business plan.
So, why not be prepared ahead of time convince yourself about the viability of your poultry business?
Select a farm location
In selecting a location for your poultry farm, it is important that you weigh important considerations like nearness to markets where you intend to sell your products. Keep in mind that it is not legal to site a poultry in residential areas, largely owing to unsavory smells and the risk for contagious disease outbreak.
Additionally, you would want to situate your farm at a location where water and power are accessible, and you can have relative security for your produce.
If you can find a rural community not far from the cities that can guarantee you these considerations, go for it. For one, your accommodation will be cheaper. Secondly, you will not have too many interferences from government agencies.
When is the right time to hire?
If you are starting at a small scale (between 150 and 400 chicks), you can easily manage your farm on your own. If you are new to poultry farming, I would advice that you start at a small scale and learn the ropes with lower stakes before making a bigger investment.
This applies even if you have more than enough money to start big. A pilot phase never hurt anyone.
For larger operations, you will not be able to avoid employing workers to help in running the farm. Go for workers who are experienced. However, if there are no experienced poultry workers, you can easily hire workers and have an experienced hand provide training for your team.
Stock your day-old chicks
Carefully research to identify a good hatchery where you can buy day old chicks from. The costs usually range between N140 – N200 per chick. A word of caution here, while it is always delightful to buy something at a bargain, be careful not to buy unhealthy chicks in the name of getting a great deal.
If possible, by chicks from trusted hatcheries close to your farm, to reduce the stress on the chicks that may come from long distance transportation.
Feeding and watering
This is where you will spend more than 80% of your time and resources. Make sure that your birds have access to well rationed, nutritious meals that match their age and production levels. If you do economy here, the birds will get back at you in stunted growth and poor eggs production.
One area where some poultry farmers get it wrong is trying out a new feed formulation on a whole batch of their stock, just to save an extra buck. That is risky behavior and puts you at risk of losing the whole stock.
If you need to try out new products, segment a few birds and feed them on that product exclusively. How do they perform? If the outcome is positive, you can now scale the new feed out for use in the whole farm.
Of course, this means that you must keep good records. We will talk about this in more details shortly.
It is also important that your birds have access to clean drinking water daily. This is especially true for layers. If you repeatedly starve your layers of drinking water, it may affect their egg production, which will have an immediate impact on the profitability of your poultry farm.
Medications, vaccinations and biosafety
Growing up, I will never forget the devastation we experienced when we woke up to find more than 500 birds in our poultry farm dead, and another 1000 sickly. An investment of five years was very nearly completely wiped off. Within one day we had lost almost 2000 birds to a flu outbreak we did not see coming.
Keep in mind that poultry birds are very susceptible to disease and one bird can quickly infect the whole batch if care is not taken.
Ensure that you house your birds in well ventilated buildings and provide them with regular vet doctor checkups as proper vaccinations is compulsory if they are not to get wiped off by viral, fungal, bacterial, parasitic or even nutritional diseases.
Brood over your stock like a mother hen, and at the first sign of trouble, make sure the vet knows.
Your vet should be on a retainership. I still see small scale poultry farmers who add penicillin to the water of their birds and conclude that they have taken care of any disease risk. That is so laughable and at the same time, sad.
Keep accurate records
If you want your farm to succeed, you need to keep daily records. ‘Guesstimations’ are of no use in farming. Records to keep include feed and water consumption, vaccinations and medications administered, daily egg-laying and egg production, average weight at different age milestones, egg sizes and mortality.
These records will prove to be very useful in planning future poultry stocks, disease control and in making feed consumption estimations and production forecasts.
It is important that you keep these records whether your farm is a hobby, a small-scale poultry farm, or a large-scale commercial operation. Records will help you learn on the job and become more confident as you take decisions on the day to day running of your farm.
Interestingly, there are freely available mobile apps to help you keep records in your poultry farm. Just search with the keywords’ poultry farm records’ and select one that best suits your methods.
Sell off your poultry products and smile to the bank
We have finally come to part that makes it all worth it. One mistake some farmers make is that they wait until their births are ready for the market or, in the case of layers, start producing eggs, before they begin to think about where they will sell their products.
They end up feeding their birds sometimes weeks after they ought to have been sold off because they did not plan their endgame appropriately.
Do you see why I said you are smarter for writing your business plan? You know who your customers are, and you have likely negotiated trade deals with them ahead of time.
This is time to make sales and smile all the way to the bank.
Keep in mind that you are not to eat up all the proceeds. Not if you still plan to stock your farm with another batch of birds.
In closing, you can be very successful as a poultry farmer if you give attention to details, keep records, and stay patient. All that you need to start this business is available locally, so all that is left is for you to raise the capital, acquire the skills and, importantly, show up.
Chances are, you have even seen more than a couple of adverts from Jumia as recently as the past two or three days.
For the sake of repetition, Jumia is the largest e-commerce company in Africa, with a dizzying assortment of all kinds of items imaginable.
However, here is something that you may not know – while the public is just concerned about shopping on Jumia, there are those whose interests are closer to the backend – on how they can make money off the millions of thousands of commercial transactions taking place on the platform every minute.
Yes, it is possible to make a fulltime income from Jumia and this post will show you three foolproof strategies that you can deploy to make dependable almost hands-off income from our own e-commerce giant.
Note that when I talk about making money, I don’t mean “light change”. I am talking about six to seven figures each month.
While this kind of revenue is not guaranteed
and may not be typical, I just mentioned that range to set your expectations
and let you know what is possible. You have the blank cheque and you have the
pen – write some pretty figures on the cheque!
Enough of the preamble. Now, let’s go make some money!
1. JForce is Here (Jumia Sales Assistant):
The JForce Program provides a pathway for anyone with a smartphone and an internet connection to carve a pie of the e-commerce economy without the huge capital outlay that would ordinarily be expected.
While initially introduced in Nigeria, the rapid success the program recorded in the months after inception led to a fast rollout of the program in other countries that Jumia has a presence in, including Kenya and Morocco.
How It Works
To become a Jumia Sales Consultant in the JForce Program, the first step is to join the program for free. Jumia will then schedule you to attend a business opportunity meeting at a location near you within two weeks of your registration where details of the business and the path to success as a sales consultant would be highlighted.
That training would also expose you to dynamic
individuals who have already succeeded on the program (known as Captains).
After you are accepted, you can then hit the ground running by introducing products on the Jumia platform to people around you.
Jumia Jforce processes
When you find clients that are ready to make an order, the next step is to place an order for items that they have selected. The order will be processed by Jumia and sent to your location. After receiving this order, it would be your responsibility to deliver the order to the client location – You can call this Dropshipping the Jumia way.
Interestingly, the system is built to
encourage hard work as you climb through the ranks. With each rank progression,
your percentage earnings from transactions you originate increases. For
example, placing a single order puts you in the probation stage, while having
orders of 150k+ places you in the Silver category.
There is an additional earning component in the JForce Program: the referral program.
By introducing members to the JForce, you stand to earn a commission on the transactions that they generate on their accounts.
Do you see how the earnings quickly add up?
To cap it up, by the time you have placed orders worth 150k+ on the platform and signed up five active team members, Jumia recognizes you as a Captain, which is an ambassadorial level that means even more commissions across-board.
Another pathway to making money on Jumia is by becoming a Jumia Affiliate Partner.
This opportunity has been out there for a long
time now (think November 16, 2011). It started as an offer on a third-party
affiliate network called Commission Junction
but has since grown to become a full-fleshed internal program of Jumia.
Being an affiliate partner means that Jumia
pays you for sales generated from you sharing your affiliate offers to your
friends or fans using unique links provided for you.
Before I go on, it would be instructive to shed some light on what affiliate marketing is all about. If you are already familiar with what affiliate marketing is all about, feel free to skip to the heading below – how to join Jumia as an affiliate marketer.
What
Is Affiliate Marketing?
To make sure that
we are on the same page, it’s instructive to define affiliate marketing.
Who better to
hear from than the master himself, Neil Patel?
“Affiliate marketingis the process of earning a
commission by promoting other people’s (or company’s) products. You find a
product you like, promote it to others and earn a piece of the profit for each
sale that you make.”
Initially, Jumia opened up their affiliate marketing business opportunity to only about 700 affiliates in the country. However, since 2013, the e-commerce giant has opened up the process and just about anybody can sign up to its affiliate program.
In the words of Tunde Kehinde, co-founder JUMIA Nigeria: “This new program opens up to all people – everyone is welcome to participate to boost their website, blog or social media channel with our brand and additionally profit from it. We created an easy working win-win situation which is a totally performance-based associate program: The more people someone can bring to our website, the more they profit from it. We are happy to give this opportunity to everyone and continue the successful affiliate program to a Partner’s Program where everyone can join in.”
There, you have heard it all!
So, what are you waiting for?
Let’s talk about how you get right in and start to earn from this opportunity.
How
to Join Jumia as An Affiliate Marketer
Joining Jumia’s Affiliate Program is simple. All it takes is for you to visit the Jumia affiliate site and fill out an application. You will hear back from the Jumia Affiliate Team in one day – guaranteed.
How
Does it Work?
Once you register and get your next day approval, sign in to your affiliate center and get access to your custom links and banners. Start promoting your links on your blog and social media profiles. As people buy product offers through your link, you earn commissions to your account straight up!
I know what you are thinking: How does Jumia know who referred who, right?
It’s actually simple.
The custom links that you are given have some
tracking codes that help them attribute the source of all visitors to their
website. Once a user clicks a referral link, it is registered on Jumia’s server
and credited to the source. Additionally, a cookie that expires after 30 days
is dropped on the device of the website visitor.
Note that when a buyer clicks on your affiliate link, he does not need to buy immediately for the sale to be credited to you. Any purchase made within 30 days of their clicking on your affiliate link still gets accredited to you – Take a moment to digest that!
Let me make it easier for you by giving you a
scenario.
You make a blog post reviewing a pair of men’s shoes selling at say N4000.
A visitor to your site clicks through your
link and gets to the site but does not buy the item.
A week later, however, he lands on the Jumia site again, this time on his own and stumbles on the new 55” Ultra HD Smart Digital LED TV and purchases it taking advantage of a price lower than what he had seen in some local shops.
What the 30-day cookie lifespan of Jumia means
is that the order of the SmartTV would be credited to you as the referrer, as the
buyer purchased it within 30 days of following your link to the Jumia site.
Do you notice how you now take credit for a
purchase of an item you may not even have known is listed on Jumia?
That is the power of Affiliate Marketing!
So, How Do You Get Paid As An
Affiliate Marketer On The Jumia Website?
At the end of each month, if earnings you have made equal the minimum payout amount (N2500), your confirmed earnings would be pushed by Jumia directly to your associated bank account. Note that unconfirmed earnings will be rolled over to the following month and will be paid after confirmation.
So, what happens if you earned
lower than N2500? Good question.
Your earnings are rolled over to
the next month and will continue to accumulate until it hits a payment
threshold. Then, you will be paid in the first week of the following month.
Here
Are Some Helpful Facts To Keep In Mind:
All affiliate applications are manually reviewed. Jumia guarantees to make a decision by the day following your application. In reality, same-day approvals are not uncommon. As soon as your application is approved (or denied), you will receive a notification via your registered email address.
Jumia organizes frequent pieces of training for their partners on how to make the most of their affiliate business. You don’t need to know everything before you get started. Most of what we know we learned while getting our hands dirty in the platform.
What Does “Earn Up To
11% Mean?”
Jumia does not
earn the same profit margin on all items. Hence, they cannot give the same
commission percentage that they give on fashion items for high ticket items
like UHD TVs.
That
notwithstanding, the commission structure is very fair.
Here is a breakdown of the commission structure of the Jumia Affiliate Program:
CATEGORY
COMMISSION
EXTRA COMMISSION FOR
OVER 50 ORDERS
EXTRA COMMISSION FOR
NEW CUSTOMER
TOTAL
Fashion
8%
2%
1%
11%
Watches
&
Sunglasses
8%
2%
1%
11%
Services & Deals
8%
2%
1%
11%
Weddings
8%
2%
1%
11%
Baby,
Toys & Kids
6%
2%
1%
9%
Health
& Beauty
6%
2%
1%
9%
Temptations
6%
2%
1%
9%
Top
Searched
5%
2%
1%
8%
Sports
& Fitness
4%
2%
1%
7%
Dark
& Lovely
3%
2%
1%
6%
Default
3%
2%
1%
6%
Phones
& Tablets
2%
2%
1%
5%
Home
& Office
2%
2%
1%
5%
Computing
2%
2%
1%
5%
Cameras
& Electronics
2%
2%
1%
5%
Books,
Movies & Music
2%
2%
1%
5%
Automobile
2%
2%
1%
5%
Travel
Bags &
Luggage
2%
2%
1%
5%
Brand
Store
2%
2%
1%
5%
Clearance
Sales
1%
2%
1%
4%
Games
& Consoles
1%
2%
1%
4%
Groceries
1%
2%
1%
4%
So How Can You Make Money With Jumia Affiliate Program?
I will recommend two
ways to go about this:
Start A Review Blog:
Create a review
blog around Jumia’s products. Instead of making a random blog that has no
theme, you would be better served by creating a blog that focuses on niche
products. What this means is that the products that you would review would fit
into the same broad category.
For example, your review could be around phones, laptops, mobile
accessories and so on.
Browse through the Jumia site and find a section that resonates with you and write articles providing tips on related items. Of course, it needs not to be said that you will include affiliate banners and links to related offers on Jumia website.
It won’t be long and you will receive a mail from Jumia notifying you of a sale. Eventually, you might be surprised how much you make from affiliate sales monthly.
Start An E-commerce Store
An e-commerce store can give you your own mini Jumia. However, with the approach I am suggesting, you will not need to bother with order fulfillment and support. Simply create an e-commerce store, and populate it with products and descriptions from Jumia store.
Instead of having
shoppers checkout on your site, you will link your checkout button to the
corresponding product listing on Jumia using your unique affiliate links.
That way, when a
visitor clicks on a product, the link will redirect to the Jumia site, allowing
the visitor to make a purchase from Jumia while you still earn affiliate
commissions. When you are done with all these setup steps, drive traffic to
products on your site and watch your commissions stream in.
3. Sell Your Personal Products on Jumia Marketplace
I have saved the
best for the last.
Of all avenues to
make money on Jumia, selling on the Jumia
Marketplace happens to be the one with the potential to earn the
highest revenue potential.
With 200 million daily shoppers coming to Jumia to search for goods and services, Jumia is Africa’s largest e-commerce site by far.
Why
not get your products in front of all those pairs of eyes and smile to the
bank?
Interestingly,
getting accepted as a vendor on Jumia is easy. Jumia guarantees that your
application to approval will take a span of just five minutes.
Can
you beat that?
Here Are Some Benefits You Get For Selling On Jumia
Dedicated seller e-commerce vendor training: With the option of selecting online or offline training, Jumia offers each vendor comprehensive training on the Jumia Seller Centre that takes you through how to list your products all the way to packaging and shipping.
1,000,000 visitors to your shop monthly: With more than four million shoppers hitting the Jumia platform every month, you have an opportunity to place your products in front of a large audience. With rapid expansion across African, this audience is getting larger and larger.
Periodic marketing push and a 24/7 store: Jumia advertises products on their platform aggressively. You can be certain that periodically, your products will benefit from such adverts, giving you further exposure from the association with the Jumia brand. Additionally, you get access to a very robust marketing platform complete with seller insights to help you maximize sales of your products – all for free.
Some
Things to Keep In Mind
You will be required to submit both your business registration documents and bank account details to qualify for this.
Jumia Market does not allow the sale of used or refurbished items. It is a marketplace for brand new goods only.
Ensure that what you want to sell on Jumia Market is not on its banned or restricted brands.
In case of branded items, make sure that you are authorized as a seller of the branded item. This restriction is there to protect both sellers and brand owners.
Jumia Market distinguishes itself as a marketplace for premium products at affordable rates. So, if you plan to sell very high-end goods, you may not find a good market on Jumia.
Conclusion
There you have it, the three official ways to make money on Jumia. Please continue on our series on how to make money online in Nigeria.
Keep in mind that this is by no means a definitive guide. If you know some other ways to make money on Jumia that is missing in this article, feel free to add them in the comment area.
Teaching your Nigerian child to make money is easier than you may have thought. As a matter of fact, if you do not take the lead on teaching them, society would find someone else to do just that. I have listed the best tips to help you train your child to make money, some of these tips can be combined with conventional schooling.
Being a father is one of the greatest joy I have experienced. I learned earlier in life that being a father does not make you a dad/parent. Being a dad, however, comes with a lot of responsibilities, responsibilities which some say differentiates a father from a dad.
Eniola, my daughter, spends most of her time with me, except now that she’s been enrolled in a school to learn other things parents might not be in a position to teach.
When she became 3, her requests went off the roof; she would ask to have toys and other things I considered irrelevant – at least to me.
Someday, she came to me as she usually would most mornings, but this time, something was different, she asked: “Daddy, please teach me how to make money.”
That question threw me off guard, but I needed to give my beloved daughter an answer, so I asked her to have breakfast, and I would teach her once I was done eating.
You may have heard of stories of young children who already had businesses as early as age 6; some of them are internet sensations, making it big on Youtube and some traditional business owners who had a lovely idea and found a way to monetize it.
The millionaire in the embedded video was a young 6 year old who made $11 million USD some years back, and was featured to have made $22 million USD last year.
The majority of such children grow up to become multimillionaires before they turned 18, while others just become ordinary, lost all their wealth, and you wonder how that happened.
Many child-stories that fit the scenario depicted above abound out there, but such stories are not commonplace in Nigeria. When would we have such an account in Nigeria?
The good news is: Nigerian kids of all ages can make money regardless of sex, social and economic status of their parents.
This article is the ultimate guide on how to teach your kids to make money.
I wish I knew some of these things before Eniola asked me. Unlike me, you do not have to do the hard work anymore, follow this guide, and you would have given your kid(s) the opportunity of becoming the next Nigerian kid millionaire.
Steps To Teach Your Kids To Earn Money
Let them know that there is a cost to everything
Teach them the importance and use of money
Teach them to have savings
Identify their natural talents
Teach them the value of work
Teach them charitable giving
Teach them to monetize their natural talents
How To Teach A Nigerian Kid To Make Money
Total Time:10 minutes
Let Them Know That There Is A Cost To Everything
Kids generally love to ask for favors – toys, and any other indulgences. Do not see that as a problem rather see such moments as an opportunity to teach your future millionaire a thing or two about the cost associated with such requests. Tell your kid gently that you cannot afford to buy such now and let your kid know that it is okay to be turned down.
At other times, however, pick one instead of two and let your kid know that you could only afford one, and you would come to get the other when you make or earn enough money to provide what the kid wants. Your selective refusal to grant such requests for gifts would eventually send the message that there is a cost associated with things and you need money to offset such costs.
This move builds determination in kids; it helps them want to know what it takes to be financially independent. Your child would want to make his/her own money to satisfy the desire for toys.
Teach Them The Importance and Use of Money
Ever wondered when kids genuinely get to understand what money is and used for? My nineteen months old daughter understands money – I taught her from an earlier age; she sees me taking money and exchanging it for items we buy from the grocery stores around us. My daughters learned to pick what they needed at the store then move to the check out point, wait in queue for their turn, and pay for the items picked.
Take your kids to go shopping; but ensure to prepare them for the experience, you could ask them to get some money from their savings if you must. Whatever you do, ensure to tell them that they are going to the store, and payment is the item you exchange for whatever they would pick at the store.
Teach Them To Have Savings
Financial experts all agree that saving is one of the building blocks of building wealth. A lot of people find it hard to save; some due to their poor finances, and others because they were not taught how to save. So, teaching your kids how to save is a major legacy you would have bequeathed on the child.
The key to teaching a child to save is to teach them to learn that delayed gratification is excellent. Intentionally hold back on buying things they want, tell them that you do not have money – It is essential to teach children at this age that they may have to wait at times for what they want.
Here is a straightforward but effective method of teaching them how to save:
Make three glass jars available – each labeled “SPEND,” “SAVE,” and “SHARE.” Every time you give your child money or the child receives money, whether from family members or as payout for doing chores around the house like arranging toys, etc.
Divide the money into three equal parts and put them into the jars. Have him or her use the sharing jar for things to be bought and shared with siblings, family, or as an outright gift for someone else. Let the child use the spending jar for items craved for.
Whenever your child requests for something, use the money in the spending jar and let him or her take note of the amount left for spending. The savings jar should only go for items that are set as goals: something costly, especially toys.
Identify Their Natural Talents
This is tricky – We mostly wish our kids have the talents we do not have but wish we did. So we send them for training to acquire those talents we want them to have. The downside to this is that the child grows up insecure, wanting to please people but never achieving anything significant – mostly.
So How Can You Identify Your Child’s Own Talent?
The answer is simple – Be patient and watch for what your child loves doing, what activities take his or her time, and once you find out, do not try to interfere immediately, set them free.
Once your child is persistent on certain activities, give lots of time for the child to self-learn. You could help nurture by sending the kid to a school or a coach that could help in systematically developing your child’s talent.
Teach Your Child The Value of Work
Children often have things done for them. Unfortunately, most kids grow up believing that other people would always get things done for them; they grow up with maids at their beck and call and all they need to do is cry to seek for attention.
As a parent, you must teach your child that there are dignity and a lot of reward in getting work done. Make them tidy up after they mess up the room, and at certain times, reward them once they clean up after themselves.
Teach Them Charitable Giving
It is best practice to teach your kids early in life that if they want to feel loved, they first must give love. Teach them to treat others the same way that they would want to be treated.
In life, there is always that one person other people treat badly, someone bullied, someone looked down on. Getting your child to identify such people and be charitable towards them is a great value to teach your kids. Empathy is an art that must be learned. Teach your kids early in life and that would surely open the right doors when needed.
Get your child to find ways of spending the “Share” Jar appropriately.
Teach Them To Monetize Their Natural Talents
Everyone out there is gifted a talent or the other by the creator. Of what use is the talent if not monetized?
As a parent, your task is not complete if you do not know how to teach your kids to monetize their talents.
You don’t always have to be first. Sometimes all you have to do is be the last person still trying. When learning to walk, children often fall, they cry but they still get up and try anyway.
So why should life be different? People tend to bring down a child that does not excel academically as others are. Please do not fall into this trap as a parent; take a look around you, and you would actually see that true success does not always come from academic excellence. Teach your child to stand up fighting always – no matter how hard or how many times life deals a bad blow.
I do hope that we would someday change the narrative on our children not being at per with their foreign counterparts – American, European, British, Chinese, and others.
My next article will be on specific things parents could train their children on and monetize for the Nigerian market worldwide. Kindly share this post to help us get better parenting for our children.
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How to prepare for the next inflation rise
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Economical Rises of Underdog creators
Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile.
I told you all this before, when you have a swimming pool, do not use chlorine, use salt water, the healing, salt water is the healing. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. Hammock talk come soon. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it.
You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. Special cloth alert. Cloth talk. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? Life is what you make it, so let’s make it. A major key, never panic. Don’t panic, when it gets crazy and rough, don’t panic, stay calm.
Making an impact on the planet
In life there will be road blocks but we will over come it. Special cloth alert. You smart, you loyal, you a genius. It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. Every chance I get, I water the plants, Lion! It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk.
Distribute savings
Stave off large purchases
Invest in something you enjoy
Make a large donation
Eliptical talk. Egg whites, turkey sausage, wheat toast, water. Of course they don’t want us to eat our breakfast, so we are going to enjoy our breakfast. Cloth talk. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. The other day the grass was brown, now it’s green because I ain’t give up. Never surrender.
The key to success is to keep your head above the water, never give up.
Keep this in mind when starting out
Another one. They key is to have every key, the key to open every door. You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. We the best. Wraith talk. We don’t see them, we will never see them. In life there will be road blocks but we will over come it. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key.
The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key. The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile. Bless up. They will try to close the door on you, just open it. Special cloth alert. The key is to drink coconut, fresh coconut, trust me. The first of the month is coming, we have to get money, we have no choice. It cost money to eat and they don’t want you to eat. Mogul talk. Congratulations, you played yourself.
These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty or the obligations of business it will frequently occur that pleasures have to be repudiated and annoyances accepted.
The wise man therefore always holds in these matters to this principle of selection: he rejects pleasures to secure other greater pleasures, or else he endures pains to avoid worse pains.
But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful.
How to prepare for the next inflation rise
Domestic confined any but son bachelor advanced remember. How proceed offered her offence shy forming. Returned peculiar pleasant but appetite differed she. Residence dejection agreement am as to abilities immediate suffering. Ye am depending propriety sweetness distrusts belonging collected. Smiling mention he in thought equally musical. Wisdom new and valley answer. Contented it so is discourse recommend. Man its upon him call mile. An pasture he himself believe ferrars besides cottage.
Entire any had depend and figure winter. Change stairs and men likely wisdom new happen piqued six. Now taken him timed sex world get. Enjoyed married an feeling delight pursuit as offered. As admire roused length likely played pretty to no. Means had joy miles her merry solid order.
Economical Rises of Underdog creators
Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile.
I told you all this before, when you have a swimming pool, do not use chlorine, use salt water, the healing, salt water is the healing. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. Hammock talk come soon. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it.
You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. Special cloth alert. Cloth talk. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? Life is what you make it, so let’s make it. A major key, never panic. Don’t panic, when it gets crazy and rough, don’t panic, stay calm.
Making an impact on the planet
In life there will be road blocks but we will over come it. Special cloth alert. You smart, you loyal, you a genius. It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. Every chance I get, I water the plants, Lion! It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk.
Distribute savings
Stave off large purchases
Invest in something you enjoy
Make a large donation
Eliptical talk. Egg whites, turkey sausage, wheat toast, water. Of course they don’t want us to eat our breakfast, so we are going to enjoy our breakfast. Cloth talk. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. The other day the grass was brown, now it’s green because I ain’t give up. Never surrender.
The key to success is to keep your head above the water, never give up.
Keep this in mind when starting out
Another one. They key is to have every key, the key to open every door. You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. We the best. Wraith talk. We don’t see them, we will never see them. In life there will be road blocks but we will over come it. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key.
The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key. The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile. Bless up. They will try to close the door on you, just open it. Special cloth alert. The key is to drink coconut, fresh coconut, trust me. The first of the month is coming, we have to get money, we have no choice. It cost money to eat and they don’t want you to eat. Mogul talk. Congratulations, you played yourself.
These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty or the obligations of business it will frequently occur that pleasures have to be repudiated and annoyances accepted.
The wise man therefore always holds in these matters to this principle of selection: he rejects pleasures to secure other greater pleasures, or else he endures pains to avoid worse pains.
But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful.
How to prepare for the next inflation rise
Domestic confined any but son bachelor advanced remember. How proceed offered her offence shy forming. Returned peculiar pleasant but appetite differed she. Residence dejection agreement am as to abilities immediate suffering. Ye am depending propriety sweetness distrusts belonging collected. Smiling mention he in thought equally musical. Wisdom new and valley answer. Contented it so is discourse recommend. Man its upon him call mile. An pasture he himself believe ferrars besides cottage.
Entire any had depend and figure winter. Change stairs and men likely wisdom new happen piqued six. Now taken him timed sex world get. Enjoyed married an feeling delight pursuit as offered. As admire roused length likely played pretty to no. Means had joy miles her merry solid order.
Economical Rises of Underdog creators
Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile.
I told you all this before, when you have a swimming pool, do not use chlorine, use salt water, the healing, salt water is the healing. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. Hammock talk come soon. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it.
You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. Special cloth alert. Cloth talk. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? Life is what you make it, so let’s make it. A major key, never panic. Don’t panic, when it gets crazy and rough, don’t panic, stay calm.
Making an impact on the planet
In life there will be road blocks but we will over come it. Special cloth alert. You smart, you loyal, you a genius. It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. Every chance I get, I water the plants, Lion! It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk.
Distribute savings
Stave off large purchases
Invest in something you enjoy
Make a large donation
Eliptical talk. Egg whites, turkey sausage, wheat toast, water. Of course they don’t want us to eat our breakfast, so we are going to enjoy our breakfast. Cloth talk. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. The other day the grass was brown, now it’s green because I ain’t give up. Never surrender.
The key to success is to keep your head above the water, never give up.
Keep this in mind when starting out
Another one. They key is to have every key, the key to open every door. You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. We the best. Wraith talk. We don’t see them, we will never see them. In life there will be road blocks but we will over come it. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key.
The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key. The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile. Bless up. They will try to close the door on you, just open it. Special cloth alert. The key is to drink coconut, fresh coconut, trust me. The first of the month is coming, we have to get money, we have no choice. It cost money to eat and they don’t want you to eat. Mogul talk. Congratulations, you played yourself.
These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty or the obligations of business it will frequently occur that pleasures have to be repudiated and annoyances accepted.
The wise man therefore always holds in these matters to this principle of selection: he rejects pleasures to secure other greater pleasures, or else he endures pains to avoid worse pains.
But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful.
How to prepare for the next inflation rise
Domestic confined any but son bachelor advanced remember. How proceed offered her offence shy forming. Returned peculiar pleasant but appetite differed she. Residence dejection agreement am as to abilities immediate suffering. Ye am depending propriety sweetness distrusts belonging collected. Smiling mention he in thought equally musical. Wisdom new and valley answer. Contented it so is discourse recommend. Man its upon him call mile. An pasture he himself believe ferrars besides cottage.
Entire any had depend and figure winter. Change stairs and men likely wisdom new happen piqued six. Now taken him timed sex world get. Enjoyed married an feeling delight pursuit as offered. As admire roused length likely played pretty to no. Means had joy miles her merry solid order.
Economical Rises of Underdog creators
Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile.
I told you all this before, when you have a swimming pool, do not use chlorine, use salt water, the healing, salt water is the healing. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. Hammock talk come soon. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it.
You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. Special cloth alert. Cloth talk. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? Life is what you make it, so let’s make it. A major key, never panic. Don’t panic, when it gets crazy and rough, don’t panic, stay calm.
Making an impact on the planet
In life there will be road blocks but we will over come it. Special cloth alert. You smart, you loyal, you a genius. It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. Every chance I get, I water the plants, Lion! It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk.
Distribute savings
Stave off large purchases
Invest in something you enjoy
Make a large donation
Eliptical talk. Egg whites, turkey sausage, wheat toast, water. Of course they don’t want us to eat our breakfast, so we are going to enjoy our breakfast. Cloth talk. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. The other day the grass was brown, now it’s green because I ain’t give up. Never surrender.
The key to success is to keep your head above the water, never give up.
Keep this in mind when starting out
Another one. They key is to have every key, the key to open every door. You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. We the best. Wraith talk. We don’t see them, we will never see them. In life there will be road blocks but we will over come it. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key.
The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key. The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile. Bless up. They will try to close the door on you, just open it. Special cloth alert. The key is to drink coconut, fresh coconut, trust me. The first of the month is coming, we have to get money, we have no choice. It cost money to eat and they don’t want you to eat. Mogul talk. Congratulations, you played yourself.
These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty or the obligations of business it will frequently occur that pleasures have to be repudiated and annoyances accepted.
The wise man therefore always holds in these matters to this principle of selection: he rejects pleasures to secure other greater pleasures, or else he endures pains to avoid worse pains.
But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful.
How to prepare for the next inflation rise
Domestic confined any but son bachelor advanced remember. How proceed offered her offence shy forming. Returned peculiar pleasant but appetite differed she. Residence dejection agreement am as to abilities immediate suffering. Ye am depending propriety sweetness distrusts belonging collected. Smiling mention he in thought equally musical. Wisdom new and valley answer. Contented it so is discourse recommend. Man its upon him call mile. An pasture he himself believe ferrars besides cottage.
Entire any had depend and figure winter. Change stairs and men likely wisdom new happen piqued six. Now taken him timed sex world get. Enjoyed married an feeling delight pursuit as offered. As admire roused length likely played pretty to no. Means had joy miles her merry solid order.
Economical Rises of Underdog creators
Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile.
I told you all this before, when you have a swimming pool, do not use chlorine, use salt water, the healing, salt water is the healing. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. Hammock talk come soon. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it.
You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. Special cloth alert. Cloth talk. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? Life is what you make it, so let’s make it. A major key, never panic. Don’t panic, when it gets crazy and rough, don’t panic, stay calm.
Making an impact on the planet
In life there will be road blocks but we will over come it. Special cloth alert. You smart, you loyal, you a genius. It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. Every chance I get, I water the plants, Lion! It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk.
Distribute savings
Stave off large purchases
Invest in something you enjoy
Make a large donation
Eliptical talk. Egg whites, turkey sausage, wheat toast, water. Of course they don’t want us to eat our breakfast, so we are going to enjoy our breakfast. Cloth talk. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. The other day the grass was brown, now it’s green because I ain’t give up. Never surrender.
The key to success is to keep your head above the water, never give up.
Keep this in mind when starting out
Another one. They key is to have every key, the key to open every door. You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. We the best. Wraith talk. We don’t see them, we will never see them. In life there will be road blocks but we will over come it. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key.
The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key. The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile. Bless up. They will try to close the door on you, just open it. Special cloth alert. The key is to drink coconut, fresh coconut, trust me. The first of the month is coming, we have to get money, we have no choice. It cost money to eat and they don’t want you to eat. Mogul talk. Congratulations, you played yourself.
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These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty or the obligations of business it will frequently occur that pleasures have to be repudiated and annoyances accepted.
The wise man therefore always holds in these matters to this principle of selection: he rejects pleasures to secure other greater pleasures, or else he endures pains to avoid worse pains.
But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful.
How to prepare for the next inflation rise
Domestic confined any but son bachelor advanced remember. How proceed offered her offence shy forming. Returned peculiar pleasant but appetite differed she. Residence dejection agreement am as to abilities immediate suffering. Ye am depending propriety sweetness distrusts belonging collected. Smiling mention he in thought equally musical. Wisdom new and valley answer. Contented it so is discourse recommend. Man its upon him call mile. An pasture he himself believe ferrars besides cottage.
Entire any had depend and figure winter. Change stairs and men likely wisdom new happen piqued six. Now taken him timed sex world get. Enjoyed married an feeling delight pursuit as offered. As admire roused length likely played pretty to no. Means had joy miles her merry solid order.
Economical Rises of Underdog creators
Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile.
I told you all this before, when you have a swimming pool, do not use chlorine, use salt water, the healing, salt water is the healing. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. Hammock talk come soon. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it.
You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. Special cloth alert. Cloth talk. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? Life is what you make it, so let’s make it. A major key, never panic. Don’t panic, when it gets crazy and rough, don’t panic, stay calm.
Making an impact on the planet
In life there will be road blocks but we will over come it. Special cloth alert. You smart, you loyal, you a genius. It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. Every chance I get, I water the plants, Lion! It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk.
Distribute savings
Stave off large purchases
Invest in something you enjoy
Make a large donation
Eliptical talk. Egg whites, turkey sausage, wheat toast, water. Of course they don’t want us to eat our breakfast, so we are going to enjoy our breakfast. Cloth talk. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. The other day the grass was brown, now it’s green because I ain’t give up. Never surrender.
The key to success is to keep your head above the water, never give up.
Keep this in mind when starting out
Another one. They key is to have every key, the key to open every door. You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. We the best. Wraith talk. We don’t see them, we will never see them. In life there will be road blocks but we will over come it. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key.
The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key. The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile. Bless up. They will try to close the door on you, just open it. Special cloth alert. The key is to drink coconut, fresh coconut, trust me. The first of the month is coming, we have to get money, we have no choice. It cost money to eat and they don’t want you to eat. Mogul talk. Congratulations, you played yourself.
These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty or the obligations of business it will frequently occur that pleasures have to be repudiated and annoyances accepted.
The wise man therefore always holds in these matters to this principle of selection: he rejects pleasures to secure other greater pleasures, or else he endures pains to avoid worse pains.
But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful.
How to prepare for the next inflation rise
Domestic confined any but son bachelor advanced remember. How proceed offered her offence shy forming. Returned peculiar pleasant but appetite differed she. Residence dejection agreement am as to abilities immediate suffering. Ye am depending propriety sweetness distrusts belonging collected. Smiling mention he in thought equally musical. Wisdom new and valley answer. Contented it so is discourse recommend. Man its upon him call mile. An pasture he himself believe ferrars besides cottage.
Entire any had depend and figure winter. Change stairs and men likely wisdom new happen piqued six. Now taken him timed sex world get. Enjoyed married an feeling delight pursuit as offered. As admire roused length likely played pretty to no. Means had joy miles her merry solid order.
Economical Rises of Underdog creators
Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile.
I told you all this before, when you have a swimming pool, do not use chlorine, use salt water, the healing, salt water is the healing. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. Hammock talk come soon. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it.
You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. Special cloth alert. Cloth talk. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? Life is what you make it, so let’s make it. A major key, never panic. Don’t panic, when it gets crazy and rough, don’t panic, stay calm.
Making an impact on the planet
In life there will be road blocks but we will over come it. Special cloth alert. You smart, you loyal, you a genius. It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. Every chance I get, I water the plants, Lion! It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk.
Distribute savings
Stave off large purchases
Invest in something you enjoy
Make a large donation
Eliptical talk. Egg whites, turkey sausage, wheat toast, water. Of course they don’t want us to eat our breakfast, so we are going to enjoy our breakfast. Cloth talk. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. The other day the grass was brown, now it’s green because I ain’t give up. Never surrender.
The key to success is to keep your head above the water, never give up.
Keep this in mind when starting out
Another one. They key is to have every key, the key to open every door. You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. We the best. Wraith talk. We don’t see them, we will never see them. In life there will be road blocks but we will over come it. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key.
The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key. The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile. Bless up. They will try to close the door on you, just open it. Special cloth alert. The key is to drink coconut, fresh coconut, trust me. The first of the month is coming, we have to get money, we have no choice. It cost money to eat and they don’t want you to eat. Mogul talk. Congratulations, you played yourself.
These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty or the obligations of business it will frequently occur that pleasures have to be repudiated and annoyances accepted.
The wise man therefore always holds in these matters to this principle of selection: he rejects pleasures to secure other greater pleasures, or else he endures pains to avoid worse pains.
But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful.
How to prepare for the next inflation rise
Domestic confined any but son bachelor advanced remember. How proceed offered her offence shy forming. Returned peculiar pleasant but appetite differed she. Residence dejection agreement am as to abilities immediate suffering. Ye am depending propriety sweetness distrusts belonging collected. Smiling mention he in thought equally musical. Wisdom new and valley answer. Contented it so is discourse recommend. Man its upon him call mile. An pasture he himself believe ferrars besides cottage.
Entire any had depend and figure winter. Change stairs and men likely wisdom new happen piqued six. Now taken him timed sex world get. Enjoyed married an feeling delight pursuit as offered. As admire roused length likely played pretty to no. Means had joy miles her merry solid order.
Economical Rises of Underdog creators
Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile.
I told you all this before, when you have a swimming pool, do not use chlorine, use salt water, the healing, salt water is the healing. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. Hammock talk come soon. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it.
You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. Special cloth alert. Cloth talk. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? Life is what you make it, so let’s make it. A major key, never panic. Don’t panic, when it gets crazy and rough, don’t panic, stay calm.
Making an impact on the planet
In life there will be road blocks but we will over come it. Special cloth alert. You smart, you loyal, you a genius. It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. Every chance I get, I water the plants, Lion! It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk.
Distribute savings
Stave off large purchases
Invest in something you enjoy
Make a large donation
Eliptical talk. Egg whites, turkey sausage, wheat toast, water. Of course they don’t want us to eat our breakfast, so we are going to enjoy our breakfast. Cloth talk. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. The other day the grass was brown, now it’s green because I ain’t give up. Never surrender.
The key to success is to keep your head above the water, never give up.
Keep this in mind when starting out
Another one. They key is to have every key, the key to open every door. You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. We the best. Wraith talk. We don’t see them, we will never see them. In life there will be road blocks but we will over come it. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key.
The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key. The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile. Bless up. They will try to close the door on you, just open it. Special cloth alert. The key is to drink coconut, fresh coconut, trust me. The first of the month is coming, we have to get money, we have no choice. It cost money to eat and they don’t want you to eat. Mogul talk. Congratulations, you played yourself.
These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty or the obligations of business it will frequently occur that pleasures have to be repudiated and annoyances accepted.
The wise man therefore always holds in these matters to this principle of selection: he rejects pleasures to secure other greater pleasures, or else he endures pains to avoid worse pains.
But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful.
How to prepare for the next inflation rise
Domestic confined any but son bachelor advanced remember. How proceed offered her offence shy forming. Returned peculiar pleasant but appetite differed she. Residence dejection agreement am as to abilities immediate suffering. Ye am depending propriety sweetness distrusts belonging collected. Smiling mention he in thought equally musical. Wisdom new and valley answer. Contented it so is discourse recommend. Man its upon him call mile. An pasture he himself believe ferrars besides cottage.
Entire any had depend and figure winter. Change stairs and men likely wisdom new happen piqued six. Now taken him timed sex world get. Enjoyed married an feeling delight pursuit as offered. As admire roused length likely played pretty to no. Means had joy miles her merry solid order.
Economical Rises of Underdog creators
Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile.
I told you all this before, when you have a swimming pool, do not use chlorine, use salt water, the healing, salt water is the healing. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. Hammock talk come soon. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it.
You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. Special cloth alert. Cloth talk. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? Life is what you make it, so let’s make it. A major key, never panic. Don’t panic, when it gets crazy and rough, don’t panic, stay calm.
Making an impact on the planet
In life there will be road blocks but we will over come it. Special cloth alert. You smart, you loyal, you a genius. It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. Every chance I get, I water the plants, Lion! It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk.
Distribute savings
Stave off large purchases
Invest in something you enjoy
Make a large donation
Eliptical talk. Egg whites, turkey sausage, wheat toast, water. Of course they don’t want us to eat our breakfast, so we are going to enjoy our breakfast. Cloth talk. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. The other day the grass was brown, now it’s green because I ain’t give up. Never surrender.
The key to success is to keep your head above the water, never give up.
Keep this in mind when starting out
Another one. They key is to have every key, the key to open every door. You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. We the best. Wraith talk. We don’t see them, we will never see them. In life there will be road blocks but we will over come it. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key.
The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key. The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile. Bless up. They will try to close the door on you, just open it. Special cloth alert. The key is to drink coconut, fresh coconut, trust me. The first of the month is coming, we have to get money, we have no choice. It cost money to eat and they don’t want you to eat. Mogul talk. Congratulations, you played yourself.
These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty or the obligations of business it will frequently occur that pleasures have to be repudiated and annoyances accepted.
The wise man therefore always holds in these matters to this principle of selection: he rejects pleasures to secure other greater pleasures, or else he endures pains to avoid worse pains.
But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful.
How to prepare for the next inflation rise
Domestic confined any but son bachelor advanced remember. How proceed offered her offence shy forming. Returned peculiar pleasant but appetite differed she. Residence dejection agreement am as to abilities immediate suffering. Ye am depending propriety sweetness distrusts belonging collected. Smiling mention he in thought equally musical. Wisdom new and valley answer. Contented it so is discourse recommend. Man its upon him call mile. An pasture he himself believe ferrars besides cottage.
Entire any had depend and figure winter. Change stairs and men likely wisdom new happen piqued six. Now taken him timed sex world get. Enjoyed married an feeling delight pursuit as offered. As admire roused length likely played pretty to no. Means had joy miles her merry solid order.
Economical Rises of Underdog creators
Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile.
I told you all this before, when you have a swimming pool, do not use chlorine, use salt water, the healing, salt water is the healing. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. Hammock talk come soon. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it.
You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. Special cloth alert. Cloth talk. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? Life is what you make it, so let’s make it. A major key, never panic. Don’t panic, when it gets crazy and rough, don’t panic, stay calm.
Making an impact on the planet
In life there will be road blocks but we will over come it. Special cloth alert. You smart, you loyal, you a genius. It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk. Major key, don’t fall for the trap, stay focused. It’s the ones closest to you that want to see you fail. Every chance I get, I water the plants, Lion! It’s on you how you want to live your life. Everyone has a choice. I pick my choice, squeaky clean. Eliptical talk.
Distribute savings
Stave off large purchases
Invest in something you enjoy
Make a large donation
Eliptical talk. Egg whites, turkey sausage, wheat toast, water. Of course they don’t want us to eat our breakfast, so we are going to enjoy our breakfast. Cloth talk. To be successful you’ve got to work hard, to make history, simple, you’ve got to make it. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. The other day the grass was brown, now it’s green because I ain’t give up. Never surrender.
The key to success is to keep your head above the water, never give up.
Keep this in mind when starting out
Another one. They key is to have every key, the key to open every door. You see the hedges, how I got it shaped up? It’s important to shape up your hedges, it’s like getting a haircut, stay fresh. We the best. Wraith talk. We don’t see them, we will never see them. In life there will be road blocks but we will over come it. Surround yourself with angels, positive energy, beautiful people, beautiful souls, clean heart, angel. The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key.
The ladies always say Khaled you smell good, I use no cologne. Cocoa butter is the key. The key is to enjoy life, because they don’t want you to enjoy life. I promise you, they don’t want you to jetski, they don’t want you to smile. Bless up. They will try to close the door on you, just open it. Special cloth alert. The key is to drink coconut, fresh coconut, trust me. The first of the month is coming, we have to get money, we have no choice. It cost money to eat and they don’t want you to eat. Mogul talk. Congratulations, you played yourself.
