Category : Business in Nigeria
Business in Nigeria will only attain international recognition when we eventually understand and apply all the principles that govern successful businesses around the world.
We can learn a whole lot from other businesses from around the world.
Every business is not profitable, most time your environment says a whole lot about the business you could establish in it.
Different Businesses thrive in different environment.
Over 55% of all Business established in Nigeria go bankrupt within the first 3 years.
The reason is partly because of knowledge deficiency and partly as a result of what I call the right place, wrong business syndrome.
Feasibility studies must be carried out before any business is set up. There are several stages involved in running a successful business.
You don’t just start a business because your neighbor is successful at it.
Most Nigerian take professional advice for granted, hence the reason for the number of failures experienced with most businesses in Nigeria.
The links below answers some of the basic questions you will encounter while setting up a business.
Above everything else, the desire to establish any kind of business must be followed by adequate self evaluation.
You don’t want to waste your capital, sometimes, it is hard to get back lost opportunities.
Also, you must consider.
- Capital Required
- Human Capital
- Labour Required
Those are just some of it, scroll down to find answers to some of the basic questions about setting up a business in Nigeria.
If you don’t see the answer below, you can use our question form to drop your own question and will will surely give you answers.
You will learn about The most profitable business in Nigeria or how to open a business account in Nigeria.