Manicleworld

The answer to why most businesses fail in Nigeria and why only few succeed is staring at us in the face/ With over 200 Million people who needs different basic amenities, goods and resources daily, and with the present unemployment rate in the country, individuals venture into small scale and large scale businesses, something to put food on the table.  But it has been observed that very few of these businesses thrive while others don't see the light of the day. Whether large Scale or Small Scale, if quality ideas, innovations, plans and strategies aren't put to us then the business is vulnerable and liable to be blown by the wind of market competition. Market is war, and it takes entrepreneurs with proper business plan to survive. Here are the reasons m ost Businesses Fail in Nigeria: Why Most Businesses In Nigeria fail and Few Succeed 1) I nadequate and insufficient research about business Proper research about what the target market actually needs, why they need it and when ...

HOW TO START FOOD BUSINESS IN NIGERIA No one expected all this mess, I tell you. No one. My friend Emma just got married in December, and he moved into a new apartment in January in preparation for his growing family. 2020 was supposed to be a good year for all of us. Then April came, and hell blew over. It started in March, but, it was a slow march, and we were all optimistic that it would blow over. In April Emma's wife got pregnant, in April, Emma lost his job and in April, the good year ended. Emma has been searching for a job and battling depression since April. The few jobs he has seen so far are beneath him, and his transport fare is even more than the salaries they are offering. His wife cannot help much because she was working with a private school before the lockdown started, which means that she has been without a job for over some time now. Both of them decided to turn into food business and the results have been tremendous. Before going into how to start fo...

Doing business with Family and friends always seems like a good idea, especially when you are just starting the business, until things go wrong. Have you ever wondered why businesses hardly sustain, and rich people's wealth are hardly sustained long after the rich people are dead and gone? Or you think Dangote is the first millionaire or billionaire in Nigeria? Ojukwu's father was one of the richest men in Nigeria back then if not the richest man. Moshood Kashimawo Abiola popular known as MKO was a very, very rich man back in the 80s and 90s. Dantata was a very rich man back then too. This is but a few of the many Nigerian millionaires back in the days. Where are they now? Some are dead, some still alive. But where is their wealth? Was it passed on? To who? Why don't we hear of them anymore? Here are a few things to consider when doing business with family and friends: 1 Define things Family and friends are good when it comes to business. In fact, they are major...