Nigerian Business And Entrepreneurship Ideas Center

Welcome to Naija Business And Entrepreneurship Ideas Headquarters! We have what you need to start a business of your own to make your life more abundant and fulfilling. We have business ideas covering several fields from education through agriculture to manufacturing with a specialty in Small and Medium Enterprises (SME) . Here, you won’t find anything about oil rigs because it is not our specialization. But if you have a few hundreds of thousands of Naira or a couple of millions to invest we will be useful. There are even zero capital ideas.

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Category Archives: Business Tips

Men Hair Dressers, Rich Men In Women’s World.

Men hair dressers  are not very common. It is generally seen as a business for women. If a girl drops out of school, she goes to learn either dress making which they call fashion designing or hairdressing.

They are so many that you will get one in any five shops. The result is that they are not making much, which is made worse with erratic electricity supply.

Having said that, I have always believed that a man in a woman business is likely going to do better. Curiosity will make the opposite sex want to have a trial and this increases sales if the guy is courteous and proficient.

I have seen very successful men Tailors clothing ladies and in this hairdressing business I have seen saloons, successful salons, with men stylists.

Therefore when I saw the story below in Success Digest extra, it was an easy decision for me  to cull it for this book. You too can make a success of the business as Andrew has done even if you are a man as Andrew.

ANDREW BECAME A LANDLORD WEAVING WOMEN’S HAIR

It all started like a joke when l decided to be honest with myself, to face the reality of life. Before l decided to be braiding women’s hair, life had thrown me some unexpected setbacks, having searched for job in Lagos for seven years with my B.Sc. degree in Sociology.

At a time, l became a member of the free readers association always going to Ogba Bus Stop to flip through the newspaper every morning instead of buying as others do. All l needed to do was just to pay N20 to flip through the papers.

But at one time, l discovered that this habit was gradually turning me to a public commentator to know if there was vacancy anywhere.

Commentator and analyst of national issues. Whoever wanted to know recent events in the country would come to me where l used to sit at the balcony of the house where l lived with my cousin.

Poverty can cause a lot of things. Imagine somebody just paying N20 and he has access to all the national newspapers in the vendor’s stand.

The vendors also like the idea because they make a lot of profit from the patronage of the free readers.

So many people liked the idea because they make a lot of profit from the patronage of the free readers.

So many people like me did not have N100 as newspapers were sold few years back.

Sometimes, the job opportunities and vacancies published in these newspapers do not lead anyone to gainful employment.

When you get there, you will be embarrassed by the number of people you will meet there.  At the end of the day, they will tell you that they only need five people out of the thousands of graduates that applied for the job.

It was at this point l allowed my brain to function to help me out.  The only alternative l had was to take my destiny in my own hands and  move forward from where l was as an applicant in search of white collar job.

After this long search for job to no avail, l thought of starting my own business that l could build into something substantial, l got started by establishing a barber’s shop on College Road, Ogba, area of Lagos.

The next step l took was to seek help from people who could facilitate my business.  But the help was not forthcoming; l had to concentrate on the hair cutting business to survive. I started with just two clippers.

Fortunately, l had a customer Mr. Ben that was always coming to cut his hair in my salon. We call him Ben O. One day, he came and was in haste and wanted urgent service but there was no clipper to barb him.

He asked me  why l  could  not  buy  more  clippers  to  take  care  of  the  teeming customers now trooping to my salon. I explained my condition to him. He promised to lend me some money to rent a better and larger shop.

I thought he was joking, two months later, he loaned me N150,000 to rent a shop and equip it. It was like manna from heaven. That was how l started Diamond Salon, big boys and girls started coming into cut their hair.  I got three more guys to work for me in the salon.

The real business started when Lady Celia, who normally comes to the salon told me l could do more things in the salon like weaving women’s hair,  perming  and  retouching  their  hair  to  make  more  money.

She directed me to a place at Surulere where l could go and learn more about the business, types of hairs, styles, and right shampoos for different types of hair.  For instance if you have oily hair and want to use a conditioner, we help you to choose one that is made for oily hair.

This issue of hair type, style, colour, perms, relaxers, treatment took me a whole year. But the real challenge was my ability to weave hair myself.  I had to learn it, because l realized it was a money-spinning venture.

After l was through with the training l made my salon very attractive and had air-conditioners and flat screen television installed.

Believe me; Nigerian women spend money on their hair.  We charge N1,500 to weave or braid hair, N700 to fix weave-on; if it is jut setting and retouching it is N400.  When  l  look  at  what  comes  to  me  some  days  of  the  week, especially weekends from the salon, l thank God that l took the bold step to go into the business.

My father used to tell me there is no royal road to success.  Some of my colleagues who jeered at me when l started the weaving business tagged me “woman wrapper”, they would say the “guy don kolo”, poverty has finished him. But today l have many things to show for it.

One day, one of my customers told me she had two plots of land at Odoguyan in Ikorudu, Lagos that she wanted to sell for N400,000 (four hundred thousand naira) l told her l was interested.

I inform my aunt who is a lawyer to help me to prepare the necessary documents to purchase the land. That was how l bought the land.

Sometime in June 2007, a Pentecostal Church here at Ikeja had a programme. They wanted to come out with a unique, uniform hairstyle. The favour of God came upon me and l was contacted to bring my men to fix their weave-on. We charged N700 each and the women were more than 2000. We finished the job in 3 days.

I paid the guys l had trained and went to start my building. I ordered building materials like hollowed blocks, trips of sharp sand, granite and laterite to do the filling of DPC and the building of the house. That was how the process of building two units of flats of three bedrooms each began.

Before l knew it, the Lagos State government official of the Ministry of Physical Planning in the local government came to mark the building, claiming that the building had no approval. I did not know what they meant by approval.

I was livid with anger when they told me what was involved to get approval for the building. How can the government collect such money from me a young man struggling to build a place to hide his head?

There was nothing l could do. After “God. it is “government”. They can come and demolish the building. I had to comply dropping money on every table at Alausa to move my file from one office to the other. The approval came out after eight months.

Ikorodu omo-oniles too are something else. Government should do something about them. They dealt with me before l complied to pay them N25,000 for foundation when l wanted to roof the house they came to collect N30,000 from me. Imagine that they said they bought the electric poles and l paid another N10,000 for that. I did not make plans for these expenses.

Building experiences is something a man should have. It does not go the way you think.

At a time a lady customer loaned me N180,000 to pay the workers that came to do the decking for me. I intend building on top since l had approval of a storey building.

Right now l am living on the down floor, everything concerning the fitting and finishing is ready on the down floor.

I will be giving out the second flat to a tenant very soon. By the time the price of cement comes down, l will start the building of the story building.

As l share the joy of becoming a landlord in Lagos with you, l am still owing the Architect and Mr. Kunle, the engineer that did the structural design for me to get approval some money. The thing is that those that built the house did not look at the structural design one day. But those in government insisted l must do it.

When l moved into the house, these aluminium-sliding windows were not fixed. But l did not want to continue to live as tenant and be paying rent. But every thing is ready on the ground floor. I used quality materials and

l am happy to be living in my own compound.”

Did l hear you say what exactly are you waiting for?

I really think you should hit the ground running. You can call in for help. To your success!

(This article, culled from Success Digest Extra was written by DeboAdejana an Estate Consultant)

I wrote this article some years back in my book Profitable Small And Medium Businesses For Developing Economy

Otunba Jide Omiyale (MBA,FCIM)

Yahoo’s Hidden Golden Nuggets Internet Marketers Ignore At Their Own Peril

Yahoo has in her bowel, golden nuggets that you can rely on to launch successful marketing campaign and  best of all, they are mostly free but surprisingly many marketers are undoing themselves by not availing themselves of these opportunities.

Yahoo is much more than email.  I had spent two years on the net before I knew that Yahoo is much more than hosting email and search engine and I know there are many in this shoe.

Professional marketers, many are who do not know how to exploit the marketing opportunities in Yahoo.

Swissgolden Is A Scam And It Is Proven Here.

Swissgolden

Swissgolden

Swissgolden is a scam as you will see presently.

Why would one need to introduce people to buy gold?

I mean, If I wanted to buy a Rolex wrist watch or a Mercedes Benz car, I do not need to prospect for people to introduce and pay some money. I only take my card, pay and expect delivery.

But Swissgolden

Businesses That Can Never Fail Even If You Try To IV

       T   FOR TRANSPORTATION


The T as you might have guessed is transportation.

As long as the trains are not there and the governments maintain their lackadaisical attitude to this sector, transportation business will be lucrative.

Businesses- transportation business

Businesses- transportation business

People have to commute, goods have to be moved. Cows have to come from the north to the south, palm oil have to get to the north.

The advantage this has over others is that you start making sales the very day you open shop.

The level of entry depends on the fund at your disposal.

Remember that Okada riding is a form of transportation. The big trailers moving cows from the North to the South are involved in Transportation.

Those using car boats to move people in Ilaje in Ondo state and the riverside areas are also doing transportation.

I know your brain would have sorted others out. Taxing, raw food movement with light trucks, fuel movement with tankers, airport taxi and even the concord that moves people at supersonic speed are all part of the T.

Now, I understand that we are talking about that part of it with large margin of error and I will show some to you.

RAW FOOD MOVEMENT.

Businesses-raw food haulage

Businesses-raw food haulage

This is cash-well but you may not know because the operators look filthy. I confess, it may not look dignifying but it vomits money.

Get a light truck, register with them at the big markets like Mile 12 in Lagos, Bodija in Ibadan. With a load, you can gross about N6000 from the women. Now do that 4 times a day, if that is not money, I do not know what is.

Ok, try and get a cow moved from the cow market to your house and see how much you will be charged. It is then you will know that it is more expensive to move animals than men.

BIKE COURIER.

This is more dignifying. When parcels move between companies in the cities what do you think they are doing? I call it transportation but they call it courier.

Get 2 neat bikes and riders. Let them look executive and register with corporate bodies to deliver messages for them and make your cut. Easy.

Look, the business world is outsourcing and they will be happy to pay you handsomely to take a parcel to Ikeja from Apapa without sending their driver which will of course cost them more.

With phones this biz becomes dead easy to do.

OKADA.

Guys may want to crucify me for this but I will be remiss in my duty if I do not include this.

Boys are making tons of money from Okada.

A young man told me in Ikorodu that he was making at least N5000 a day, Now he has his own bus which he uses to move people between Lagos Island and Ikorodu and a three bedroom flat in Ikoroku which he built from Okada.

In 10 years time he would have retired from working. And the guy is about 30 and single. Talk of seriousness and resourcefulness.

There in nothing wrong in a 23 year old graduate riding Okada to get money for a more dignifying biz later in life.

There is no excuse to stay at home, wasting 10 years of your productive life because the jobs are not there.

Create jobs for yourself. Masters holders in Europe do less honourable work.

HEARSE.

You laugh. It gives good money and do not let them scare you about the dead doing this and that. When you are dead, you are dead.

Businesses-HEARSE.

Businesses-HEARSE.

Have a good quest car or similar one. Register with mortuaries and morgues. When the livings want to carry their dead they will call you.

When they are mourning you are counting money. It is then you will know that the dead pay more to travel.

The field is big. Go there and take a slice.

And so with that we have concluded Feet. I pray you find your feet in the world.

If an idea does not sound crazy at first, it is not worth pursuing. That was Euston, the American top of the list inventor speaking. There are some ideas in http://naijabizideas.com. You would think are crazy. Yes they may look so but they spin money. Go visi


CONCLUSION.

In this free report, I have tried to open your eyes to some business opportunities open to you and they have wide margin of errors. They are such that, even if you make genuine mistakes, you will still make money.

I have no doubt that you found the report refreshing and illuminating as many who have had the opportunity of reading it. Now do something with it.

From experience, I have found out that many youths walk with their eyes closed. Not that they physically lock the eyes up but they do not see things unless you explain it to them.

Their minds are fixated on salaried jobs. No law says you must use your degree to do salaried jobs. I will give examples.

First.

A guy picked me on a bike one day and we got talking. As usual, he was looking for work and I asked what do we call the one he was doing.

He didn’t answer. I told him he would not be making less than #2000 a day as he owned the bike. He laughed and confessed he was not making less than #3000 a day.

I said, multiply that by 30 days in a month, you get #90,000. Now, I asked him, how  much do you get as a level 8 officer, a mere #28,000 per month  and then you transport yourself and eat.

I told him to continue and use his youth to accumulate money to build a house and establish himself in a less tedious business later.

I told him at 35 he would have done the major things a man needs to do in life. He did not collect his fare from me.

Another.

A  graduate son of a  textile trader told me he was looking for work. I asked him which work to which he replied he was looking for work at the secretariat.

Ok I said, to earn level 8 and he said yes. I told him he was not serious and that if I were him I would just take some stock from my mother and open my own shop instead of looking for #28,000 per month  job that will consume #10,000 for transportation.

He took my advice and is no more looking or work. Instead he has hired a hand.

In my book ,Profitable Small And Medium Businesses In Emerging Economy, I open the peoples  eyes to limitless opportunities in this hugely blessed country. The book is rich, really rich and should be in all houses and libraries. .

In the book, you will read how a young man built a #6m house from a business many people look down upon.

The taste of the pudding is in the eating. Yorubas say morning shows how the evening will be.

If my free report is so meaty, fleshy and rich, you can imagine how the real thing will be. If in 14 pages I have revealed so much, you can imagine what will be exposed in the book of 150 pdf pages .

I do not know how to write sales letters but I know how to tell the truth. The truth is that the book is swell. Go get yours. Honestly you need a copy.

Best of luck.

Image result for back and next buttons

Otunba Jide Omiyale (MBA,FCIM)

Otunba Jide Omiyale(MBA,FCIM)

Businesses That Can Never Fail Even If You Try To III

            E   IS  ENTERTAINMENT

 Ok. The other E is entertainment.

Look around you, entertainers are spoon-fed with money.

Businesses- entertainment

Businesses- entertainment

This is simple to understand. People pay more for talent than anything else. This is the reason why you will need N10m to hire Sunny Ade for a night and the same reason why Agwu, Basket Mouth and their fellow stand up comedians charge in millions for a three hour show.

The same reason why

Businesses That Can Never Fail Even If You Try To II

CANTEEN.

What is wrong with a young man running a canteen? Nothing, absolutely nothing.

Men are known to be great cooks. The first winners of food competition in this country are men.

Canteen business vomits money like faulty (kalokalo) gaming machine. But our people will not venture into it except some Igbo guys. One big advantage here is that you will feed free indirectly.

Bsinesses--Canteen

Bsinesses–Canteen

The only thing is

Businesses That Can Never Fail Even If You Try To Fail I

INTRODUCTION

Nice to have you taking advantage of this write up and I assure you, you  will be glad you did. That is, by the time you have gone through it. It is full of disclosures you will surely find useful.

The title of this free report is what is referred to as writers licence. Any business can fail if not managed properly. If you fetch water  without the necessary control, you can run bankrupt.

However, I have researched some businesses one can do with a lot of margin which allows a reasonable percentage of error. Some of them you do not even need a lot of capital to start.

I call them FEET.  You cannot embark on them and regret.

Financial Discipline In Business, The Secret Of Success In Small Scale Business

Financial discipline in business,  is indeed the secret of success in Small Scale Business. Many start-ups die within a couple of years because the floaters lack discipline in financing. Spend as it comes.

The chances are that many of the youths would just be like I was during and after my NYSC. My income was just taking me a week to blow.

Image result for financial discipline in business

There were always ex

This book will change your life

cuses to make. The salary was small; I was used to spending big in England as a government scholar and things like that.

And this was true because as the government was giving me money , my mum was sending money, good money and I was working part time.

So the money was coming and I was smoking and drinking it away.

Now that is indiscipline at the worst scenario. If I had had a wider view of life and be restrained, I would have done very much for myself then.

If you cannot manage N5000, you will not be able to manage N5million and that is the truth.

A man who cannot save should forget about being rich because even if you put him in the CBN vault and ask him to help himself he will end up a beggar.

If you are starting a business you cannot afford to spend like a guy who has made it or even a salary earner who has nothing at stake.

Surfing the internet, I stumbled on the write up below about financial discipline. I followed it and it has been better for me. I advise you do likewise

Cut down what you are already spending on. You can’t start a business being in a financial mess.

Profitable business ideas here.

Cash Flow is more important than revenue. And you need to have lots of cash flow coming from your pockets if you are going to succeed.

Here are some things you can cut down on

SMOKING – if you can’t quit, just cut down on a few sticks

 financial discipline in business

financial discipline in business

ALCOHOL – booze can drain your finances faster than a running tap

NIGHT OUTS – spend some nights at home thinking about making more money

GAMBLING – if you plan to gamble, it is better to gamble in a business

VACATION AND COUNTRY CLUBS – you won’t die without a few memberships

FOOD – eat healthily and you will even think clearer

LAZINESS – The biggest thing that will hold you back!

Most important of all, don’t buy anything that constitutes a liability. A liability is anything that takes money out of your pocket no matter what they are worth in the future.

Read the book that has helped many to own a business of their own

Think in terms of cash flow. What can I invest in today that will give me funds tomorrow?

Otunba Jide Omiyale Of the CEO of Jidol Consul. Experts on SME

Otunba Jide Omiyale Of the CEO of Jidol Consul. Experts on SME

 

 

How To Source Capital For Business Without Involving The Banks

How to source capital for business  is a question I am asked all the time. This is understandable, capital is never enough. We  all need more and want more.

Let me tell you right away that there is no specific

5 Filthy Businesses That Are Profitable In Nigeria

With a population nearer to  200m than 150m, Nigeria is a vast and fertile land for business opportunities. Most businesses in Nigeria when done properly will bring tons of profit. Now, let us see 5 dirty businesses

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