What business can I start with 100k
Starting a business can be one of the biggest project anyone can handle. It’s requires huge capital to start since you will need to pay for a space, equipment and furniture’s and in most cases you will also have to pay for the products and services. So you see, starting a business in Nigeria no be Moi Moi.
Having a business of your own is very good and can help you live your independent life later on, also you become your own boss.
Many people have tried starting a Business but they fall short because of lack of Capitals to finance the business. This is the more reason why we have written this post to help you get your own business. With the topic “What business can I start with 100k” you will be able to see some small scale business you can start now and later expand it to the conglomerate which you have been dreaming of.
Instead of waiting for a huge capital to start your business while not start small then grow it to become the big organisation you want.
Let’s show you why you need to start a small business
Why start a small scale business
Many of us came from a very poor home, so we really need to get something doing inorder to help ourselves, which is why we need to start a small scale business.
Also the rate of unemployment is rising and there are many graduated roaming around the street looking for job. Inorder no to join the bad wagon, you will have to start a small scale business. Starting your own business will help you become your own boss.
Looking at some big businesses in Nigeria, you will also know that they all started small, so you must also start small and expand with time. The like of Ebeano supermarket’s, kixx shoes and some other big corporations also started small. So you too can start small.
Steps to start your own small scale business
Luie we all know Rome wasn’t built in a day, so you don’t expect your business to skyrocketed at once. It takes off gradually, till it become the multimillion dollar business you have dreamt of.
When starting your small business it’s good you take this steps into consideration:
1. Research the business
Not all small scale business are lucrative and not all will stand the test of time which is why you need to make proper research about the business before venturing into it.
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Researching on the business includes you, checking if your products or services will be needed, if your goods or services can solve their problems.
Doing this will help you know the future of your business from the start.
2. Have a business plan
Like the saying failling to plan mean you planning to fail, when starting a small scale business you should have a solid plan to guide.
Having a proper business plan will guide you in how to set up and run your business.
3. Have the right fund
When starting your business ask yourself this question what business can I start with 100k, this will help you know the budget you should have in mind when sourcing for fund to start your business.
When starting a small scale business always figure the estimate of the business, this will help you avoid running out of funds for the business.
4. Create an online presence
Having an online presence will help your business thrive in this hard competitive market which is why you should either create a social media handles or better still create a website for your business.
Creating this online presence will help your business,gain more awareness, customers and some potential clients.
5. Build your brand
Building your brand means you standing out from the rest of the crowd, giving your business a high touch of professionalism and having your own unique way of attending to your clients.
Your business logo, picture, motto and slogan must be different an unique from other businesses. This will help you stand out in your business environment.
6. Offer good services and products
When your services and products are good, people will always patronise you. Not only will they patronise but will also help advertise your business to their friends.
These are some of the steps you should take to help you kick off your business to another level.
What business can I start with 100k in Nigeria
If you want to start a business but still confused what business can I start with 100k, then here are some of the business you can start with as low as ₦100,000 in Nigeria.
1. Poultry farming
Poultry is a very seasonal business you can start in Nigeria, it’s a very lucrative business idea and also featured in our lists of what business can I start with 100k in Nigeria.
Poultry farming involved rearing of chickens and some other household livestock. You can start with few fowls, goat and some turkey if you are interested. Though this business is lucrative, it’s seasonal meaning it’s not always in demand.
If you live in a busy area, you can start a poultry farming and start generating some money through selling eggs, meat and some other poultry products.
2. Catering services
If you are asking this question ” what business can I start with 100k in Nigeria, then you should probably go for catering services. That is if you are good in cooking.
Catering services are in high demand especially in occasion and some ceremonial events. All you need are just some plates, pots and many other cooking utensils which you probably have.
Many caterers are paid as high as ₦200,000 per occasion. The price may differ depending on your level of experience and how well you are know.
3. Barbing saloon business
Barbing business is one of the most lucrative business you can start in Nigeria at the moment. It will even be more lucrative if you are in a busy place.
Opening your saloon at a very busy place will help you gain more customers. Places like schools area, business area and even busy roads are some of the best strategic place to start your small business.
4. Event planning
What business can I start with 100k in Nigeria, if that’s is your question. Then event planning should be your option if you are good in planning simple events.
Event planners makes.lots of money especially during festive periods. As an event planner you can make lots of money by simply helping people plan their ceremony.
5. Car washing services
If you are still asking what Business can I start with 100k in Nigeria, then you should probably start a car washing business. This business is very lucrative and requires less capital to start.
To Start a car washing business all you need is a good location and some few tools to enable you wash the car properly.
Most car washer in my area makes around 10k to 15k per day, meaning on average they make atleast ₦300,000 per day.
6. Web design and development
Website designing and development are very lucrative skills that can help you earn lots of money. Many young people are now learning website designing and development from many computer centres.
Web design and development skills is very important and valuable, you can make lots of money if you master the skills.
7. Delivery services
Delivery services is one of the best business you can start with atleast ₦100,000 in Nigeria. You can make many people trust you by simply helping deliver their products to the respective destinations.
8. Laundry service
What business can I start with 100k in Nigeria, if this had always been your questions, then you should start laundry service business.
Conclusion
Are you thinking of starting a business but don’t have enough Capitals, and you are still asking some simple question like what business can I start with 100k. The above listed business are some of the business you can start in Nigeria with low capital.
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