Starting a business is not as easy as as running it. It is really tough articulating business ideas. So to say, being an entrepreneur is one of the toughest decisions one could ever make. Answering basic economic questions of WHAT, WHOM, WHERE TO PRODUCE AND HOW TO EFFICIENTLY UTILISE RESOURCES poses a tough challenge to aspiring entrepreneurs.
However, a bit of inspiration can serve as a catalyst to the unlimited world of possibilities of entrepreneurship. It all starts with an idea that has room to grow over night; from kiosks to multinational companies.
This list includes a well thought-out and proven 13 great business ideas that can help you achieve greatness and financial freedom in 2020 and beyond. These are businesses you can start with little or no capital and grow with time. Remember it's no rocket science neither is it a child's play to establish and run a business successfully. It's all about moderation and dedication. A kiost can grow into a company with just the right amount of dedication, passion, knowledge and focus.
If you are ready to run your own business, consider any of the following 13 business ideas.
1. POULTRY FARMING:
Do you know that you can set up a poultry farm of about 100 birds with as little as #50,000 (fifty thousand naira = 128.37USD) and make as much as #250,000 (641.83USD) income within just 4 months? This is no exaggeration. A 100 birds at your backyard with a simple cage, water and feeding troughs, lantern, charcol cooker, few drugs and feeds. The amazing thing is that you can as well make your feeds but it is advisable to start with feeds sold in the market first so you can understand better the science of feed formulation. Your birds mature in 3-4 months depending on your feeding intensity. Assuming you arrested the 100 birds and sell at the rate of #2500 (6.42USD), you will have an income of #250,000 (641.83USD) assuming the cost of raising the birds is 20%of your income. This is just the first quarter of the year. You can sell to hotels, restaurants, relaxation joints, homes and supply for events and wholesalers. This is no magic!
CONTACT YICHI-08064418161 OR SEND US EMAIL FOR YOUR BUSINESS PLAN TODAY.
2. PLANTAIN PLANTATION:
Obviously this requires that you have a plot or piece of land to set up.apart from just having a piece of land, you need nothing else but plantain or banana suckers and optionally munure to start. This is an amazing and lucrative business that most people have not discovered yet. Plantains and bananas botanically known as Musa Sapientum va Parasidianca is planted between 1.5 and 2 metres interval and thrive with moderate rainfall and sunlight. It takes between 8-10 months to mature. A bunch of plantain or banana goes for a minimum of #1500 depending on your location and specie. So it is important to consider the specie before buying of pulling them from the farm.
Now here is the metrics, assuming a 2m interval, you can plant a minimum of 105 plantain or banana suckers on a 15m by 30m (450sqm) plot of land.
At maturity, assuming you sell a bunch at a flat rate of #1200, you will have an income of about #126,000 for 105 bunches. Remember you need not buy new suckers for replanting.
Remember that this is just around estimate. You can plant as much as 150-200 suckers in your 450sqm plot of land and can sell as high as #2000 per bunch.
Do you also know that you can intercrop your plantain/banana with other crops such as cassava, Mellon, pineapple, vegetables, etc.? Double income right?
The capital for this venture depends on the cost of a piece of land in your location. Lucky you if you already have one somewhere. This business requires less stress.
3. BAKERY AND BAKED PRODUCTS:
Baking is another line of business that can generate a lot of income to you as a student, wife, corps member or a worker looking for another stream of income. You can make huge huge income from baking of cakes, chops like doughnuts, samosa, peanuts, puff puff, chin chin, meat pie, fish pie, egg roll, fish roll and other varieties of deserts that exist. It requires Bo publicity or as little as telling your family and friends to patronize you and the trend continues. Once you master your art, you can provide these services to offices, homes, families, friends and even distant friends on their special days and occassions. A start up capital as low as #5000 (12.84USD) can set you up. You can use your stove and pot as oven for a start, your frying pan or spacious cooking pots for frying.
4. FOOD STUFF BUSINESS:
Yeah! I like food but that is not the reason it is on this list. Food stuff business is one of the most lucrative businesses anyone can venture into. It is the buying and selling of food stuffs such as rice, beans, groundnut, maize, garri, stock fish, cray fish, smoked fish, etc. I can reliably tell you that People who sell these food stuffs makes hundreds of thousands of naira annually. A close friend of mine once told me how he became financially free by selling food stuffs on retail basis.
There are two ways to this:
First is, you buy in large quantities preferably in bags and then distribute to your awaiting customers on arrival. You don't need a shop to do this business but customers who are scattered all over the streets and markets.
Secondly, you can still buy in bags and sell in custard buckets or cups. Or buy directly from the wholesalers as mentioned above.
Your only qualification is to know where to gets these food stuffs at a cheaper rate and how to move it down to your location at a considerable cost.
A minimum start up capital of about #50,000 (128.37USD) is required to start up this business.
5. MOBILE LAUNDRY SERVICES:
A 21st century laundry services does not necessarily require a stationed shop to operate. In as much as that is not a bad idea, you can start up a mobile laundry services from the comfort of your room. I started this business in 2012 before I gained admission into the university and I never regretted ever doing it. The only qualification is CAN YOU WASH AND IRON WELL? If YES, then you are qualified. The next requirements is to own a good pressing iron, plastic basins for washing, and detergents. One other personal skill in laundry services is your ability to separate cloths to avoid stains, carefulness, neatness and the ability to know which detergent to use for a given cloth type. Your customers are scattered all of offices, banks, neighbours and friends. Your friends and neighbours including association members can make worthy clients for a start. Your hand work can then speak for you. Some of these things works on referral basis. You you do my work well, I will tell my friends about you. So your handwork speaks for you.
You require as little as #5000 to start.
6. SOAP /CUSMETICS:
Do you know you can make soaps, shampoo, hair creams, anti dandruffs, Vaseline creams, air freshener, insecticides etc just at the comfort of your room/ home and distribute to restaurants, hotels, offices and homes? The amazing this is, it costs little to start production. The procedures are quite simple, the materials are affordable and accessible. You can start this business with as little as #10,000 (25.67USD).
Other great business ideas to start with little or no capital includes:
7. Blogging.
8. Graphics and designing.
9. Housing/ real estate agent.
10. Advertising using 3D animation.
11. Ride-sharing.
12. Home cleaning services
13. Event management.
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Also do well to email is @ nnadilipifeanyi@gmail.com or call 08074418161 for your comprehensive business plans on any of the ideas above.
