What business can you do with N100,000?

Someone’s response to this question was “my head is already paining me” this may sound funny but the truth is there are numerous but very important sub-questions to this question and we have taken the liberty to ask some of them. We hope this helps you before you withdraw your savings…

• What kind of product or service do you want to offer? Is it essential? Is it something consumers need as often as possible as majority of consumers are focused on essential products and services due to the pandemic.
• How creative and innovative is the product/service? Is it something that will be constantly beneficial to customers, if it’s an existing product/service, what can you do to add more value to yours? How can you constantly leave consumers with memorable experiences to make them permanent customers and micro influencers in the long run?
• Will you need to import materials for your product/service? The importance of this question cannot be over-emphasized taking into consideration the current restriction on importation and the outlook of importation post pandemic.
• Is your product/service subject to numerous regulatory laws? does it need registrations with specific agencies? What’s the financial implication of being subject to these laws and agencies?
• How high is the cost of production or cost of delivery for a service? How much manpower do you need? How about production space? Do you need equipment? Remember your capital is N100,000…
• Do you really see yourself in that business for the long term? Will you give up in the face of the slightest inconvenience? because every business sure comes with its cons especially in this part of the world and in these times too.

Is your head paining you already? we apologize but here’s the thing, It’s not okay to dump different examples of businesses to start with N100,000 at your feet without addressing the issues above. About those businesses, we’ll send out examples of NOT SO REGULAR businesses upon consideration of the questions above to members of our Community, to join which is absolutely free by the way, click here https://saloretun.ck.page/4338dca196  

Your money needs to be used wisely…