Mobile Home Appliances Maintenance: Running your own business is a stressful but good career and life choice.
It demands your patience and passion.
Start by expecting to live your work until it is established.
So it can get off the ground. There are many different opinions about how to start a business.
Below are some basic ideas and guidelines to get you started.
Read also: Top 15 Social Media Marketing Business Tips in Nigeria
Read on: Top Maize Business Extraction Tips in Nigeria
Mobile Home Appliances Maintenance
1. Come up with an idea.
You will need an idea for a business before you do anything else.
You can conduct a market research to have a clear image.
This should be something you are passionate about.
Since your new business will consume a great deal of your time and money.
- Come up with business ideas by identifying things people need and are willing to pay for, that isn’t provided in your area, or online, or which you can provide better than anyone else.
See also: 22 Tips to Open Campus Pop-Up Restaurant after Cocid19 in Nigeria
2. Consider if it is possible.
Before going too far, think about how plausible your idea is.
Is it something that people would actually pay for?
Will it turn enough of a profit to be worth spending your time to do it?
You will also need to be sure that it is possible to put into action.
While it would be great to have a computer which makes food magically appear out of thin air.
This is simply impossible (unless you’re Patrick Stewart.)
3. Be sure it’s unique.
Whatever your idea is, be sure it’s as unique as possible.
This will help you eliminate or significantly combat competition.
Which will make your business more successful.
Simply putting a small spin on a currently existing product.
Making blue Red vines or something like that) is not usually enough to build a business on, so push the envelope!
Read on: Best Business to do in Nigeria during Recession
4. Determine your cost of operation.
You will need a solid business plan to present to any investors and the best place to start would be with determining your basic cost of operations.
This will outline and help you determine how much money is needed to produce the product or offer the service you intend to offer or produce.
It includes production costs, shipping, taxes, worker’s wages, rent for workspace, etc.
- Knowing your cost of operations will be vital to determining if your business will be profitable, since you will need to make more than this baseline in order to remain in business.
See also: 7 Top Furniture Work Construction Business Process in Nigeria
Mobile Home Appliances Maintenance
5. Determine your potential market.
Be realistic. How many people will realistically use your business?
How much will they pay to use your services?
If either number is too small in comparison to how much it will cost you to stay in business.
Then you should reconsider or change your plans.
6. Determine impediments.
You will need to plan ahead for all of the problems which can get in the way of running a business.
- Evaluate your competition; if their market share or product offering is too strong and stable, then you will have a very hard time breaking into the market. No one will want to buy an equally priced or more expensive version of a perfectly good product or service which already exists.
- You will also need to explore the associated regulations and laws, especially regarding taxes. You should ask your local state authorities, as well getting information from the IRS.
- Make sure there are no prohibitive costs, such as equipment which is too expensive to make the business profitable. For example, cars didn’t take off until Ford figured out how to make them cheap by building more efficient equipment.
See also: Top Cow Milk Preservation/Management Methods in Nigeria
Mobile Home Appliances Maintenance
7. Write up a budget.
Once you have a general idea of how much money you have to work with.
Write up a budget for marketing which indicates how much money you have available to spend on advertising.
8. Create ideas fitting your budget.
Once you know how much money you have.
Research the costs of different types of marketing and come up with ideas.
Which fit those methods and are effective for the price range.
If you have a lot of money to spend on marketing, for example.
You can consider shooting a commercial.
If you have almost none, you’ll want to think about ways to use social media effectively.
Which is very effective for requiring little money.
Read on: 50 Top Business Time Management Tips in Nigeria
Mobile Home Appliances Maintenance
9. Plan timing and location of marketing.
Once you know what kind of marketing you intend to do, think about the most effective places to advertise and what time of day, month or year are going to work best to reach your target market.
- You will want to be sure that you are using marketing which is appropriate to the type of people you expect to be interested in your product or services. There is little point in using social media to, for example, advertise a 55+ only cruise line. Meanwhile, if you’re advertising for your new dance club, a printed newspaper is probably not going to be your best bet. There is also no point in advertising a business only available in Chicago to people in Seattle, so consider physical location as well.
- If your services are seasonal you will want to consider what the best time of year would be to advertise. Also, television advertisements will need to be timed so that the right demographics will be watching when they air.
Mobile Home Appliances Maintenance
10. Get local investors.
If the bank loans will not be enough, look into local investors.
There may be a local business tycoon or other similarly wealthy person.
Who would have a vested interest in seeing you succeed.
Research people in your area who may have the funds and motivation to help you.
See also: Top Part Time Business Supplement in Nigeria
Mobile Home Appliances Maintenance
11. Approach friends and relatives.
12. Report.
No matter which source you raise funds from, be sure to provide key operating, strategic and accounting information to your financiers periodically, usually twice a year. It’s a good idea to hold a board meeting if everyone can physically attend. If not, do it via teleconference.
See also: Business Value/ Promotion Skills in Nigeria
Mobile Home Appliances Maintenance
13. Get an office.
This can be a home office if you require little space and will not have employees, or it can require an entire workshop or warehouse. Look at renting in a low cost neighborhood or business incubators instead of a fancy address. Some universities make space available at a low rent for new business ventures based on an innovative scientific idea. It depends on what you will be doing and how big you intend your business to be. Make sure the space is coded and legal for how you intend to use it and within your budget.
Read on:24 Tips to Grow Farmers Digital Information Center in Nigeria
Mobile Home Appliances Maintenance
14. Purchase equipment.
15. Create a records system.
See also: Tips to Start Infant Mixed Cereal Food Production Business in Nigeria
Mobile Home Appliances Maintenance
16. Make use of marketing and PR.
You will want to reach out to potential customers in ways that make them want to use your business.
This is especially important when you are first starting before you have an established, regular customer base.
- Advertise in a way that catches customers attention at a minimum and hopefully goes beyond to capture their imagination. Be creative and appeal to the right aspects of the customers you want to use your business.
- Offer free samples of what you do to the right people, in order to get people saying good things about what you have to offer. Word of mouth (i.e. good PR) is the best way to attract new customers. If you get bad reviews or negative feedback, respond positively and fix the problem. People will be much less judgmental about mistakes if you’re willing to fix them.
See also: 17 Inverter Installation Start- Business Tips in Nigeria
17. Use a little old fashioned networking.
Go to conferences, charity galas, meetings with complementary businesses and anywhere where your customers are likely to be highly concentrated. In other words: get out in public and interact with people. Use your friend’s connections to meet people who may be able to help you. This kind of interaction is very important for starting a business. You can’t exist in a vacuum after all.
Mobile Home Appliances Maintenance
18. Have great customer service skills.
Be good at interacting with people. Practice reading between the lines of what people say.
Learn how to meet needs they didn’t know they had. Figure out how to make people happy.
Be charming. Most importantly, be humble.
The customer may not always be right but you need to be able to let them think they are.
Read also: Top Maize Business Extraction Tips in Nigeria
19. Have a website.
The world has moved online. Any business that wants to survive the next ten years is going to have a website. People will use it to contact you, find your location, learn your operating hours, ask you questions, make suggestions, and maybe even buy your products or services. In having a website and services which are available over the internet, you will be able to expand your service area out across your region or even the world
See also: Keke Food Delivery Business in Nigeria
Mobile Home Appliances Maintenance
20. Require payment.
Don’t let people take advantage of you. Require payment within a specific window of time (whatever is appropriate for what you do). Invoice people as soon as you possibly can. If someone is late in a payment, talk to them. If you ignore these problems hoping that they go away, you will find yourself working for free and your business in the tank.
Mobile Home Appliances Maintenance
21. Take credit cards.
Read on:20 Tips to Open Campus Ready-Made Meals in Nigeria
22. Set up an online system.
23. Mobile Home Appliances Maintenance
Recognize that getting your business off the ground will take time. Most businesses don’t become either profitable right away or plan for that in your personal life too. You will be making sacrifices to be your own boss.
See also: How to Start Snail Farming Business in Nigeria
24. Use free resources.
Your local library contains numerous useful references regarding incorporation, writing business plans, marketing, as well as information specific to your industry. The Small Business Association, Chambers of Commerce, AMEX Small Business website, associations for your industry, associations by ethnicity…all of these offer training, materials, networking and sometimes financing. Another good option is SCORE, a group of retired executives who provide business start-up advice.
25. Mobile Home Appliances Maintenance
When hiring, make sure you have an in-depth review and interview of the worker. Make sure you get their real information, passports, ID, former work, license and many others that they are truly honest and they are dependable.
Read on: How to Start Agro Export Business in Nigeria
26. Mobile Home Appliances Maintenance
Make paying convenient and affordable. Accept credit cards, offer monthly payment plans, promote product with buy one get one free offers or sale prices.
When coming up with a name, slogan, service etc. ask people’s opinions on it.
See also: 10 Tips to Get 5G Wireless Link-up in Nigeria
27. Ask your parents for help.
Make sure your product/service is appealing for the public area and community not just in your perspective if not how can you make it more appealing? Be sensible.
Ask people you know that run a home based business. They could help you get started.
Read on: Top 50 Ladies Business Ideas in Nigeria
28. Mobile Home Appliances Maintenance
Make sure your business looks professional and is attractive to the eye. Have a professional logo, branding that is consistent and a professional website to support it. There are several groups that will help you with all this, for example. Startyourownbusiness.net.au and vistaprint.com.au.