Saturday, March 16, 2019

small business ideas from home

small business ideas from home


13 Small Business Ideas - WTOP

Posted: 14 Feb 2019 12:00 AM PST

Say you're thinking of launching a side business to make some extra income. Or perhaps you're sick of your day job, and you're ready to put your entrepreneurial skills to the test and turn a passion project into a lucrative profession. Before you build a road map for your business, you need an idea that's both popular and profitable. To help you jump-start your search and get started, use these pro tips and discover small business ideas well-suited for a variety of aspiring entrepreneurs.

Here's how to determine the type of small business that's right for you:

— Brainstorm, based on your passions and skills.

— Consider your resources.

— Determine whether your idea will match your aspirations and meet your goals.

Depending on your interests, experience and what you're looking to get out of the business, there are plenty of side business concepts to consider. Read on for strategies to ensure your small business idea is a success and the right fit for you.

[Read: Best Small Business Apps.]

Brainstorm, Based on Your Passions and Skills

Before you browse a list of potential business opportunities, ask yourself: "What do you do best?" suggests Susan Petang, a certified stress management and life transformation coach in Amityville, New York. "Make a list of the talents and skills at which you excel."

She also suggests thinking about your business skills. She recommends asking yourself the following questions: "How well-versed in marketing, sales, accounting and so on are you? If you don't have the necessary business skills, what resources can you access to either learn or get expert help?"

Consider Your Resources

If you want to decide to open restaurant, for example, you're going to need capital, permits, licenses, equipment and a food supplier. While none of these obstacles may prohibit you from opening a business, remember it will take time, planning and a well-laid-out business plan to get your company off the ground.

You may, instead, want to try a business that you can run from home to keep costs low, "especially businesses focused on marketing intellectual property or soft skills," says Shel Horowitz, a Hadley, Massachusetts-based business coach who specializes in eco-friendly practices and is the author of numerous books, including "Guerrilla Marketing to Heal the World."

"I started my own business — in 1981– for $200, $176 of which went to buy a used IBM Selectric typewriter. I spent $12 each on initial marketing and the first batch of office supplies," Horowitz says. "These days, when almost every household already has a computer and internet connection and surplus computers are easy to find, you could start a business with zero capital."

Determine Whether Your Idea Will Match Your Aspirations and Meet Your Goals

Once you've decided to take the leap and start a business, you may want to talk to a business coach or seek out a meeting with somebody from SCORE, a national nonprofit organization that offers free business mentoring services to aspiring and established business owners. You might also want to look into hiring a business coach or heed the advice of Nikki Nash, a business coach. Whenever she talks to entrepreneurs about a business idea, Nash suggests that they ask themselves three questions: Can I see myself doing this for at least three to five years? What would need to happen over the next three to five years for my business to succeed, and do I think it will happen? Am I willing to do the work? "If someone can answer yes to all of their questions, then they have an idea worth exploring," she says.

Whether you're seeking work-from-home opportunities, a part-time business or to begin another endeavor, there are plenty of small-business ideas to pique your interest. We've pinpointed some ideal opportunities as a starting point to help guide your search.

[See: 10 Expenses Destroying Your Budget.]

If you're really good with your hands, consider the following small-business ideas:

General handyman type of work. If you have the tools, launching a side hustle as a handyman can be a relatively easy business to start. The only snag: You'll want to become licensed and insured to protect yourself if something goes wrong.

Carpentry. You can make good money with a carpentry business, if you know what you're doing. That said, the work can be dangerous, so you would need to invest in good insurance.

An appliance repair business. Like other startups, you can charge what the market bears. The only limitation: Appliances are increasingly becoming computerized and wireless. Plus, you'll likely want to invest in insurance to offset potential injury and damages costs.

If you're really good with computers and tech, consider the following small-business ideas:

Coding. As the artificial intelligence industry continues to heat up, the demand for coders is likely to continue. Plus, you can easily start a coding business from home. The only con: You may be sitting at your desk all day, which can take a toll on your health.

Computer repair. While you'll likely have minimal startup costs, computers and devices change so quickly, you may have to spend a lot to take classes or seminars and stay caught up and keep your skills fresh.

Web design. A web design company comes with the bonus of minimal startup costs and the opportunity to work remotely or from home. The only drawback: You may face steep competition in a saturated marketplace.

If you're a talented chef, consider the following small-business ideas:

A catering business. While you would have the advantage of being your own boss, you'll need to get licensed and insured, and you may have expensive startup costs.

Making your own line of food. Starting your own line of food is expensive and time-consuming, so you'll likely want to start small, with steps like bringing your branded cuisine to festivals or a local farmers market. However, if you build your exposure, you may be able to find a company that will help package your food and turn a profit.

Opening a restaurant. Starting your own restaurant is no easy feat. Some obstacles in the beginning stages of getting your business off the ground include learning how to market your restaurant and complete payroll, establishing a loyal customer base, investing in equipment and handling health department regulations. Another barrier: It's a demanding profession, and you may be working a lot of nights and weekends.

[See: 50 Ways to Improve Your Finances in 2019.]

If you want to work from home, consider the following small-business ideas:

Day care provider. While you'll need your home zoned for a commercial business and get insured, on the plus side, you'll get to work with kids and be your own boss. Best of all, you may be providing a valuable resource to your local community if there is a high demand for child care services and facilities.

Tax preparation or bookkeeping. On the upside, bookkeeping requires low overhead and startup costs. However, you'll need to take key steps to ensure that your business is hack-proof and protected from identity thieves.

Any online business that you can run from your home. Operating a business from home comes with low overhead costs, but keep in mind that you'll still need to invest time and energy to build a client base and establish your brand. And, if you're planning to sell products such as baked goods, photography or antiques, you'll need a place to keep your inventory.

A small-scale real estate agency. Building a client base can be tough at the start. You'll have to invest heavily in marketing, create a web presence and convince people to drop their agents. Plus, you'll need to get licensed to know the ins and outs of deeds, title insurance and liens.

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13 Small Business Ideas originally appeared on usnews.com

New ideas, opportunities encourage small businesses to grow - Daily Sabah

Posted: 15 Mar 2019 02:27 PM PDT

Serkan Borançılı, who took the stage at an event where Startups.Watch 2018 figures were announced, spoke of his investment decisions after his successful venture. Borançılı, who is part of the successful team that founded Gittigidiyor, one of the leading e-commerce sites in Turkey, and sold it to eBay, continues with the Getir project as an investor. In his speech at the event, Borançılı said they took advantage of that fact that major companies were hesitant to go beyond their business in the light of the 2001 crisis, and that many companies that were considering rivaling Gittigidiyor backed down in this regard.

"In spite of everything, we had to decide to stand up and continue to grow. We founded Gittigidiyor on Feb. 5, 2001. When major groups decided to focus on their core business by using the 2001 crisis as an excuse, an important opportunity came up for us. The opportunity for small entrepreneurs emerges when major companies are afraid of new ideas," he continued, adding small enterprises have to produce solutions instead of excuses. Recalling that it was possible for two friends to start a business in a garage 18 years ago and be successful, Borançılı stressed now it is time for a good team that has mastered figures and technology. Explaining today's conditions of competition and the project's origin story, he said the positive side in comparison to 18 years ago is that customers are now ready. "In 2001, there were 50,000 customers. Now mobile penetration is close to 100 percent," he added. "Millions of customers are ready. The Getir project belongs to Nazım Salur." He said that with this venture, around 200 to 300 pieces of product are stored and delivered to customers in an average of 10 minutes. Borançılı said he first discussed the project with Salur, thought about it overnight and decided to be a part of the venture to break new ground in Turkey, adding he then made the first investment in Salur's project.

Simple idea with a complex structure

The application is extremely simple for the user, but on the executives' side, it is a rather complicated operation. Borançılı explained the process behind this complex and fully location-based algorithm, excluding Getir Yemek, they have 76 warehouses in Istanbul with a data team of 30 people. "The data team tells us where we need to open the warehouse. We are setting up the right warehouse with the failure of two streets. We decide which order will fall on what courier based on the algorithm," he further explained. "We follow the habits of users at any moment. We never send cat food notifications to a customer who does not order cat food. Getir has been an interesting machine that analyzes time, location and needs. Now we are getting into the food business. We are beginning to grow in different cities and countries."

WORLD ROBOT POPULATION GROWING RAPIDLY

Professor Işıl Bozma from the Department of Electrical and Electronics Engineering at Boğaziçi University stated that as of 2015, the world robot population is 1.5 million and that in 2019 this figure will increase by 12 percent and reach 2.5 million. Bozma said the Asian countries lead the way in this trend.

At the meeting on robotics organized by Boğaziçi University Digital Transformation and Industry 4.0 Platform, the studies conducted in this field were discussed. Bozma informed the participants about the latest situation in the field of robotics in the world and in Turkey.

Bozma said that one of the most important indicators of development in robotics is "the number of robots per 10,000 people," adding this figure is 18 in Turkey and 550 in Asia. Noting that a total of 8,000 robots are used in the industrial field in Turkey, Bozma said over the next 10-to-15 years, robots will be a part of our lives from production to home, from agriculture to safety, highlighting that the robots that interact with people and help them will be integrated more in our lives.

Road map for SMEs

In his delivery at the meeting, Sertaç Yerlikaya, vice president of the Digital Transformation and Industry 4.0 Platform at Boğaziçi University, talked about the projects and contributions of Boğaziçi University to the digital transformation of small and medium-sized enterprises (SMEs) in the context of its relations with the industry.

Yerlikaya said that they will take part in Bogazici University's new technopark BUDOTEK, which will be put into service in Dudullu Organized Industrial Zone, as Digital Transformation and Industry 4.0 Platform, adding they have prepared a digital transformation road map for SMEs participating in BUDOTEK, and started pilot studies with four companies. Emphasizing that the collaborations with the institutions such as Istanbul Chamber of Industry and Turkish Enterprise and Business Confederation (TÜRKONFED) have been implemented in this framework, Yerlikaya also stated that Digital Transformation Training started under the roof of BÜYEM as of March 9, with the cooperation of Boğaziçi University and the Ministry of Industry.

Evren Samur, a faculty member at the Department of Mechanical Engineering at Boğaziçi University, said that under the current soft robot applications, soft robots that use materials such as silicone, plastic, fabric and rubber have been used nowadays, stressing that industrial robots have very heavy and limited usage area and that soft robots have become widespread in areas such as health care, search and rescue in recent years. Samur also stated that they are working on a soft robot project to be used in the food industry as part of the Horizon 2020 project. Many universities, including MIT, are working on a robot that lifts 100 times its own weight.

5G NETWORK TO BEAM OUR IMAGE

The 5G infrastructure offering a cloud-based radio access network will facilitate the transfer of 3D images. The dream of teleportation we watched on "Star Trek" years ago will come true for image transmission.

Telecom companies are constantly testing new applications for 5G scenarios. Thus, new scenarios can be created for applications to be used in the 5G network. Türk Telekom became the first Turkish operator to try the Cloud Radio Access Network (Cloud-RAN) technology, which is one of the basic architectures of 5G.

Türk Telekom tried Nokia's new Cloud Radio Access Network technology. The new cloud architecture solutions were introduced using the 3D video placement technique in the demonstration of the product, which enables high capacity data transfer with low delays. In the demo, by using Nokia's Airscale Cloud-RAN architecture, a high-quality 3-dimensional moving image of a person was isolated from the environment and placed on the camera image of the mobile phone screen in the demo area. Participants experienced this new technology, that makes a person feel like they are there, by seeing previously recorded images of the person traveling in another environment as if they were next to them via the demo phone screen.

Project to accelerate production

Yusuf Kıraç, Deputy General Manager of Türk Telekom Technology, stated that the new cloud architecture solution that enables high capacity data transfer with less delay time will reshape the mobile communication concept. "Cloud-RAN technology will not only serve as a basis for new services that will increase our perception of reality but will also accelerate production processes and increase total quality by paving the way for vital applications for Industry 4.0," Kıraç added.

Sense of teleportation

Pointing out that the new 5G and 4.5G-supported cloud architecture technology promises more, he said thanks to the low delay time in high capacity transmission provided by the Cloud-RAN technology, the end-user applications that will make us experience the feeling of "being there" in the near future will be an ordinary part of our lives. "In this way, we will be able to see the speaker at a conference as if we were at the venue, watch a concert as if it were playing in our house, witness the re-enactment of a historical scene while visiting a museum, and watch the repetition of a position we missed in a stadium," Kıraç concluded.

CAN ELECTRIC BIKES BRING NEW PROBLEMS?

The shared economy is being used as a solution in China with its billion person population. Many new technologies, such as the "internet of things" (IoT), provide great solutions for theft and traffic violations.

In Istanbul, we are trying to deal with traffic, while China is trying to cope with mountains of electric bicycles. The sharing economy produces great solutions, especially for crowded populations. You might think that electric bikes can solve many problems in the city. In terms of air pollution, you can really solve the problem as well. However, you may also have new problems such as mountains of electric bikes.

In China, the number of people with electric bikes has exceeded 300 million. However, while this growth facilitates the lives of people, it also brings special requirements for new solutions for city administrations. According to statistics released by the Bureau of Municipal Public Safety in Zhengzhou, the capital of China's Henan Province, in 2017, electric bike cases are reported to constitute 80 percent of burglaries in the city. In addition, electric bikes are also involved in more than 30 percent of traffic accidents and 9 percent of fires. However, technology is being used to solve all these problems and to justify the sharing economy. New steps are being taken in Turkey in terms of the shared economy as well. However, it needs to get more support from the state and municipalities.

Solution still lies in technology

The main problem with electric bikes, which may take the lead role in traffic accidents and fires, is not its production, but rather their culture of use and standards. In other words, electric bike batteries must be inspected in terms of production, usage conditions and quality standards. However, the primary priority may be to improve the culture of use. To address the problems, China Mobile is cooperating with Huawei and Tendency on the NarrowBand-IoT (NB-IoT) electric bike management system. In this context, it is possible to activate more than one control function by equipping existing electric bikes with NB-IoT, GPS and BeiDou modules.

Technology produces solutions

These functions include a number of mechanisms for public safety, such as monitoring in case of theft, fire warning, excessive power alarms and prevention of traffic violations and smart city traffic surveillance. More than 2 million NB-IoT electric bikes have been introduced in the context of the NB-IoT Electric Bike Management System, which is currently used in Zhengzhou City, the capital of Henan Province. One month after the launch of the Electric Bike Safety Project, which was among the first 10 projects aiming to raise living standards in the city, Zhengzhou City formed a special team against licensed electric bike theft. Thanks to this system, the prevention rate of electric bicycle theft has been recorded at over 60 percent, meaning that six out of every 10 thefts are prevented.

Most successful small business ideas in Nigeria to try in 2019 - Legit.ng

Posted: 17 Feb 2019 12:00 AM PST

Many people want to start profitable businesses, and usually, people start small before developing into something great. If you consider starting a business and maintaining it, then you have a great chance to make good money out of it. In this article, we will list the most successful small business ideas which will help you to decide what you want to do, and how to do it most effectively. Follow our pieces of advice and become wealthy in no time!

Most successful small business ideas in Nigeria to try in 2019

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Source: UGC

Perhaps you are searching for the opportunities to invest your money into, but since you have a limited amount of money, you want the success to be guaranteed? Maybe you want to find small business ideas in Nigeria, which will grow fast? We assure you that this article is specifically for you and other people who are looking for the most creative small business ideas.

The best business to start with little money

A lot of potential Nigerian entrepreneurs want to start a business in their own country and search for the most successful small business ideas in Nigeria. There are, in fact, more lucrative business ideas than you can imagine. Sometimes, you should put some effort into searching and dig deeper to find a niche that will satisfy you.

Most successful small business ideas

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Here are some examples of new business ideas that you can start with average capital and make a profit! Learn what is the best business to start with little money, and try your hand at one of these.

1. Livestock farming

One of the fast business opportunities in Nigeria is livestock farming. This industry is continuously emerging and is yet to discover its fullest potential.

This business can be started even in your backyard, provided that you know how to operate the equipment and take care of your livestock. For this business, you will need patience, knowledge, and experience. Some of the niche areas that you can venture into are catfish farming, poultry farming, cattle grazing, goat rearing, snail farming, and many others.

Most successful small business ideas - Livestock farming

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READ ALSO: Farming business in Nigeria: what types of farming will be profitable in 2019

2. Exportation agricultural products

Nigeria is a country which is full of various natural resources and quality food. You can start your own exportation business, if you register with the Export Promotion Council of Nigeria, and decide which specific product would be best for exporting. Some of the products that are in high demand abroad are cassava flakes, cocoa, yam flour, groundnut, chili pepper, cashew nuts, mango, and many others.

If you for some reason do not want to get involved into exporting the agro-production abroad or have no capital for this, you can stay at the local level and sell your products on the territory of Nigeria. You can earn a good profit by buying and reselling palm oil.

3. Mining

Nigeria is a very vibrant country when it comes to mineral resources. Some of the minerals that our country is especially rich in are coal, iron ore, limestone, bitumen, and others. The mining sector is growing in Nigeria. The government also supports the mining industry. So, if you have a good, trustworthy team, as well as the financial capabilities, you could try your luck in this sector.

4. Private refinery business

The oil and gas sector is extremely prominent these days. All the most successful business people are involved in this sector and are making huge money off it. For instance, the wealthiest person in Africa, Aliko Dangote, is the oil and gas billionaire, and he raised $9 billion after setting up his refinery.

You could build a private refinery of your own; it is another business which is supported by the government and some of its decisions, including the fuel subsidy removal. If the refinery does not work for you, then perhaps you could invest in oil and gas business a different way – for example, start a filling station or kerosene depot. Or you could found a cooking gas retailing company. There are plenty of possibilities for you to start small and then develop your business in the oil and gas sector.

5. Uniform sewing

If your hobby is sewing clothes, and you would not mind doing it for a living, then you should probably choose this business. There are plenty of schools in every state, and they all need uniforms for their students. Besides, there are also a lot of corporate organizations, whose employees also wear uniforms – for example, the security staff. And it is not all – the multiple military organizations require wearing uniforms, and since they have a lot of people involved in their activity, they always need new ones.

So, you can step up as someone who will sew the uniforms for people and organizations who need them. You can promote yourself as a supplier of uniforms, and make good money from this business.

Most successful small business ideas to try in 2019

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6. A writing company

Excellent writing is valued nowadays, and you can make some money if you take up freelance writing. At first, you will not even need the starting capital to begin your journey – the only things you will need are the skill and desire.

You can search for the orders online, or write for a company which will want your texts. The benefits of this job are countless, and the main one is: you will not have to go to the office or perform some hard work – it can be done at home from your laptop with a cup of coffee.

Later, when your business grows, you can hire other writers and start your little company. Writing content, especially of high quality, is in very high demand nowadays, and it is usually difficult to find the writers who will sacrifice themselves to this job. So, if you have a good skill and a way with words, this is a business for you.

7. Call center agency

Call center business is very popular, because there are lots of people who need guidance, advice, or want to complain about services. Therefore, you can set up a call center agency, where you can work for large companies according to contracts.

This business will also not require substantial start-up capital unless you would like to hire more workers, which can be done later when you grow a little.

8. Recruitment agency

Nigeria suffers from the problem of unemployment, and there are many people in desperate search for jobs. You can become a recruitment agent, which will connect people to the jobs of their dreams. All you need to do is to cooperate with different companies and recruit people for them.

Your recruitment agency can grow and expand with time, as you make more and more profit. To succeed, you need to be good at finding the right people for specific jobs.

9. Importation of clothes

If you think about the basic needs of every person, clothing is undoubtedly one of them, because we wear them every day and are always in need of new ones. Many people not just wear clothes, but also like purchasing some cute accessories for them. There is still a market for clothes, especially when they are trendy and at the same time not very expensive. You can set up the business of selling clothes to the clients.

Importing your clothing can be done from such countries as China, India, France, Italy, and many others. There is a trend of buying recycled clothes in Nigeria due to the tough economy, so you should keep this in mind while doing this business.

10. Daycare center

The majority of families have children, but they also need to work hard to earn enough income to cover their expenses. Therefore, not every parent can allow themselves to spend time with their child. There are quite a lot of daycare centers, but not all of them are competent. So, if you love children and are sure that you can care for them, you should consider setting up a daycare center.

For starting a successful business, the environment has to be suitable for children so that parents would trust you with their kids. If you are creative in your approach to the youngsters and can create a good atmosphere for them, then you have a chance to make good money from this entrepreneurship. Except that, it is possible to start it from home, as long as you think that your home would be a good starting place for the daycare center.

READ ALSO: Best money making ideas in Nigeria

Most successful small business ideas - Daycare center

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11. Training center

Are you skilled in a particular field, and feel like you could help other people to develop their skills? Then the training center business can become a niche that will bring you good money. This business can be profitable nowadays because it is always in high demand among the clients. For instance, millions of Nigerians every year pass different tests and examinations, and they need someone to help them out with preparation, so they search for various training to get ready for their exams. If you are skilled in a particular subject, for example, Math, you can become a tutor for people who have trouble with the subject.

These are not the only ways to make money off being a trainer. You can teach people who want to develop their professional skills for corporate reasons, or just for themselves.

For example, many people these days want to learn how to use various computer programs. So, if you know something about Photoshop or computer programming, you can use this knowledge to start your course. It might be a little tricky to advertise yourself, but if you are a good specialist, then people will come again and again. Perhaps, when your center is a little more developed, you can hire other people who can provide additional training services to the students.

12. Waste management

It is another niche which can become profitable, and it has a significant potential for the future. It can eventually become profitable because many Nigerians are still unaware of the proper waste disposal ways, but there are some states in the country, like Lagos, which are actively encouraging the waste management among people.

There are a few stable businesses that can be started in this niche, and the examples of such companies are waste disposal, waste recycling, organic fertilizer production, junk hauling, and some others. Perhaps, this can bring you some future profit if you join this branch.

Most successful small business ideas - Waste management

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13. Food processing industry

What will you have to do in this industry? It is quite simple – you will only need to collect the raw materials that food is made of, and then turn those materials into the finished product. There are plenty of businesses which you can connect your professional life with. In particular, these businesses are: frozen food production (which is very profitable nowadays, as many people who have no time to cook for themselves like buying the frozen food), vegetable oil production, oil palm processing, yogurt production, tomato puree production, garri processing, rice milling, fruit juice production, and many others that you could turn your attention to.

14. Alternative power installation

It is a very relevant topic nowadays, as Nigeria is fighting the power supply issues. The world these days goes green, and in our country, the government already took steps to improve the power sector. However, there is a growing demand for the power generators of alternative type, in particular, solar energy, inverters, and windmills.

So, you could attempt making money by the importation and retaliation of these materials, or another way for you would be focusing solely on the alternative power installation.

15. Farming

What if you have had a desire for setting up a little farm of your own for your entire life? Well, now your wish can not only come true, but you can also make some money off it because these days farmers are quite lucky when it comes to cash.

The most important step when it comes to this business would be acquiring a good piece of a farm, and then you can start planting certain crops on it. We already have talked about the livestock farming business, but if you feel like you would instead take care of crops than livestock, then you should consider this option.

There is a considerable amount of cash crops, which can be planted and nurtured, and every year you will be provided with a steady income from them. Some of the examples of the cash crops you could plant are kola nut, cocoa, oil palm, plantain, yam, cassava, orange, and many others. You could do research on which ones are the most profitable nowadays.

Most successful small business ideas - Farming in Nigeria

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16. Bottled water production

People drink water daily because staying hydrated is essential for everyone's health. Besides, pure water is needed these days, and you can become one of those people who produce it and supply those who need constant hydration. If you produce clean and cooling water, then there is a significant chance for the customers to purchase it in large amounts. Besides, because of the latest policies, it is essential to establish your brand on the market as soon as possible, so if your heart desires to be involved in this business, then you should start now.

17. Dry cleaning business

This business is one of the fastest-growing in Nigeria, and many people have already done wonders in it, because of the high demand. The primary reasons why it is such a lucrative business is that not all people have time to wash clothes – they are too absorbed into work and other responsibilities, so they trust the dry cleaning services with washing their clothes. That is why you might want to start this business and help people to clean their laundry, in exchange for money. You will need to set up some equipment and get to work.

18. Recharge card business

Lately, this business has been a breakthrough business in Nigeria, because so many people are frequently calling someone on the phone, and for the most effective experience, they need to recharge their phone frequently.

There is no person in Nigeria who does not have a phone and never makes calls. These are the main causes of such great popularity of recharge card business. You can start printing them out even from home, as well as you negotiate with the sellers, get some equipment and install the needed program. You will have to read about how this business works, but we assure you that there is nothing complicated.

19. Restaurant business

There are plenty of eateries, but it does not mean you can not start your own restaurant. People usually go to restaurants which are not too expensive and provide high-quality food service. These days, many people are too busy to eat at home and cook for themselves, so they very often visit eateries. This especially applies to the students and workers, which is why setting up your restaurant in the studying or business area would be a great idea.

This business requires some starting capital, but usually, the eateries which provide excellent service and have their special charm attract a pretty good audience and therefore make a lot of money. The professional stuff needs to be hired as well. The restaurant seems to be a tricky business, but for people who have experience and knowledge in the area, there is truly nothing impossible.

20. Bakery business

If you would like to start your little bakery, then it is not necessary for you to be a fantastic cook, but having some knowledge of it would be beneficial. The most significant point is finding the place for your bakery because you will need it to attract customers and be noticeable.

At first, your business can start small, but it can become bigger when it is profitable enough, and you can hire some staff. Also, remember that the most successful bakeries have some twist, like the product that only they have a recipe for, and no one else does. Be creative when you start the bakery business, and one day you will gather the crops in the form of the cash.

Business planning

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These were the twenty most exciting small business ideas in Nigeria, which you can try this year! You can read about many more ideas in our related articles which follow a similar topic.

READ ALSO: Business to start with 1 million naira: top 20 ideas

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