If you own
or run a business or you are planning to own or run one, a competent accountant
and a sound lawyer are indispensable to your business success. You need an
accountant to conduct a regular audit on the credit worthiness of your
business. You need a lawyer to give you sound legal advice to save you and
your business from evitable legal liability and expensive and protracted court cases.
Every
business move you plan to make or any contract you are about to sign has hidden
and covert legal liabilities which only a skilled legal mind can detect. Don’t
be kobo wise and naira foolish: no profitable business can stand the test of time if resourceful accountants
and lawyers are not part of it.
As you are planning your next
business move, you are advised to consult a resourceful lawyer in order to
avoid evitable legal liability, don’t be one of those naïve people, who assume that, they only need a lawyer when a court matter arises. Such people end up incurring evitable legal liabilities that, they could
have avoided in the first place had they consulted a lawyer before making the move.
1. Gym Business
Gym and fitness business in
Nigeria
is very viable considering the large number of people that have been advised
not only by doctors but also by peers to engage in exercise daily. Many people
do not want to go off at the early hours of the day in Nigeria for jogging
because of risks of being knocked down by careless drivers or being attacked by
hoodlums. Starting a good Gym business in cities across Nigeria will yield
a great benefit if you have good managerial skills.
2. Vendor Machine retail
This is a business of selling a product by using a
machine without the presence of the seller. It’s often seen in foreign
countries and believe me this business is good but requires constant
electricity to function. A good ideal step is to start the business in a place
that has 24 or 12 hours electricity like in banks, hotels, plazas, complexes in
Nigeria and display items that people are likely to need regularly like bottle
water, beverages, peanuts, biscuits, meat pies and other snacks. They will
operate the machine by their self by choosing what they want to buy and
slotting the money inside as indicated in the machine. It’s very profitable and
small business idea you can turn to a major one by establishing it across all
cities in Nigeria.
3. Web design
Web design development business in Nigeria is a
good one especially this era most businesses are going online. You will have to
create and manage their websites as their webmaster either on contract or monthly
payment and think of managing more than 400 websites. If you have a good
knowledge about CMS including word press and E-commerce templates then you can
start immediately.
4. Wine bar
With the rising number of people that cheers
wines, such bar has become a popular and recommended bar to start especially in
the big cities of Lagos, Abuja, Enugu, Port Harcourt and Akwa Ibom.
5. Auto parts re-sellers
Starting with car parts like bumpers, fenders,
Shock absorbers, brake pads, gears, axels clutches is a good move to take some
percentage of market shares and locating at a good place is vital.
6. Freelance writing
Freelance writing is profitable these days and if you are a
good writer you can write articles for some websites and blogs and get paid
monthly or per article depending on their choice.
7. Perfume and Jewelry shop
This is a very viable retail business you can
start and expand it into a chain business in Nigeria. People often go to public
markets to buy these items or shopping malls but having a smaller department
store of these items will create a difference and doing it right will earn you
big profits.
8. Recharge card printing
Since the coming of the telecommunication
companies in Nigeria, Recharge card printing has been a good small business
idea and you can start this with less money as most tools you need is a
computer, printer, the software and the e-pin to generate and print the
vouchers.
9. Bead making
Bead making is a creative art of business which
you can start with less effort. Customers have different preferences at
different occasions and most people tend to wear beads as necklace for big
occasions than gold others are bangles, earrings etc.
10. Cosmetics shops
It’s often call women businesses in Nigeria
because of the large population of females who patronizes this shops but
nowadays some men now do buy cosmetics. Cosmetics business is profitable and
your location is very important for this small business idea.
11. Magazine publishing
Printing magazines of a particular course like
fashion, business, education, social welfare, entertainments etc. is a nice
idea. Producing good knowledge and having the tactics to generate real
information will make readers come for more.
12. Paint Manufacturing
This is a good business you can start with less
money. If you have good knowledge of the right chemicals and formulas to use in
mixing the paint then you will start your paint industry small and grow with
time. There is large target market for this business considering the rate of
infrastructural developments across Nigeria.
13. Affiliate marketing
If
you own a website or a blog or you are a member of many groups in social media
with thousands of followers or fans then you can make money through affiliate
marketing by referring some consumers to buy products and get the percentage
paid to you. E-commerce websites like Konga and Jumia
offer affiliate programs to Nigerians.
14. Recruitment agency
People are making money with recruitment agency as
companies seeking for employees and Job applicants looking for Jobs are many.
You will then become a bridge that will bring them together and collect some
percentage of salaries or tip for your services.
15. Barbing saloon
A barbing saloon business is a viable business
especially if you are willing to do things differently and learn to start, run
and manage such business very well in Nigeria. People do haircuts and shave
regularly and this brings in many repeated customers. It is a good small
business idea you can start in any part of Nigeria.
16. YouTube channel
A channel that have to do with creating original
and awesome videos for people all over the world to watch for free. You can
earn money from these videos by monetizing it with Google AdSense. Most times
when you watch a video, it pauses for an ad to display and at the other times,
ads display along with the video playing and when people click those ads, the
publisher makes some money.
17. Consultancy business
Starting a consultancy business in Nigeria puts you at the affairs
of delivering expert advice and handling issues professionally for your
clients. There are many consultancy platforms you can start depending on your
expertise such as relationship consultancy, business consultancy, career
experts, education consultants, etc.
18. Rental service
Renting out items like chairs, canopies, cold
rooms vehicles, plates, dresses, tables etc. at different occasions in Nigeria
is a good small business idea.
19. Bottled water Production
This is a lucrative business idea in Nigeria to
start as it is an essential commodity. The target markets are large considering
your locations as you can supply to hotels, bars, restaurants, fast foods,
schools, retail shops etc.
20. Iced block business
Iced block business in Nigeria is viable and
because of the constant epileptic power supply across major cities in Nigeria,
Iced block has been in constant demand by many businesses ranging from hotels,
restaurants to fish and chicken cold rooms stores.
21. Polythene Nylon production
It’s a business you can start with less money and
you may not need to start the whole manufacturing of the product. You can just
buy the large polythene products and focus on cutting it to different sizes
then sell to people. Your target markets are super markets, shops, fast foods
etc.
22. Mobile app
It’s a new wave in the tech industry and mobile
app that solves a problem by delivering service to it’s users will make a huge
impact with potential big market value.
23. Blogging
Blogging in Nigeria is a good business idea as most successful
bloggers in Nigeria has created an impact by delivering great services,
knowledge, credible information and updates to its million visitors and they
also make good profits through monetisation.
24. Massage therapist
Spas and Oil massage is a trending business and
renting a space with good knowledge of massage is what is needed. Massage
connects body and soul and doctors recommend such to patients sometimes.
25. Event planning
If you know how to plan events successfully and
makes it to look amazing, then you should consider starting this small business
idea in Nigeria.
26. Real estate agency
Estate agency business is a boom as there is a
high demand of rental apartments, lands, flats, stores and a demand for houses
for sales, lands etc. Find a buyer and locate him to a seller, once a deal is
reached you will be paid your percentage agency fee which is basically 10
percentages from both parties.
27. Bakery
From baking breads, cakes to fish rolls, meat pies
etc. Baking is a good business if you can mix the ingredients very well and
bread is mostly used for breakfast and your ideal target markets will include
shopping malls, super markets etc.
27. Exercise books
Printing exercise books is very lucrative. I know
of someone who major in exercise books and he makes a lot of profits from these
business because of the demand of it during school resumption. You will be able
to know how to market your goods directly to schools for you to have repeated
customers regularly.
29. Snail farming
It’s relatively cheap to start as you can get the
snails direct from the bushes or buy some big Snails in the markets. It’s foods
are also very cheap as they mainly eat vegetables and fruits. Snails lay many
eggs ranging from 200-300 eggs per batch and this makes it very profitable as
it’s very costly when consuming in different restaurants across Nigeria.
30. Fish farming
Highly consumable farm product and it has a high
demand daily in Nigeria. Cat fish farming business can give you bigger profits
because of the cheap feed mills it requires.
31. Poultry farming
Many people have started this business and even
from the local villages to the bigger cities, poultry farming is a lucrative
business idea.
32. Liquid soap Making
Liquid soap making in Nigeria has a huge demand
because of its variety of uses and the supply is not meet yet meeting the
demand in Nigeria. Starting the business and marketing your product very well
will make the difference.
33. Cloth boutique
Boutique business needs more innovative measures
to be able to stand different among competitors and using effective strategy to
start your clothing store will generate revenues for your business as it’s a
good business idea.
34. Condom shops
One of the most demand-able products in drugs
stores can now have its own stores. Condom shop gives you the benefits to sell
toiletries, sanitary pads, gels and other protective items against germs.
35. Tissue roll
Tissue roll has big potentials as the people use
toilet tissues, serviette, paper towel etc. daily and your market target is
huge. It’s a good small business idea provided you can buy the Jumbo reel and
buy the cutting machines. Then cut the tissue to sizes and package it with your
company name. You can as well produce the jumbo roll using the raw materials.
36. Diapers production
It is now a profitable product because every
mother uses it for keep the child warm at the early infant age. Diapers have a
huge demand in the market and even most people import these products while it
can be manufactured in Nigeria.
37. Phone and
Computer retail
Starting
a phone and computer retail stores requires effort and careful
understanding of the retail industry. But the idea of focusing just on both
products and the high sales of both products in Nigeria will boost your
business.
