ENTREPRENEURSHIP

BECOMING AN ENTREPRENEUR
I have a business plan but the only problem i have at the moment is i don't have capital to kick off my business. What should i do?

To get finance to facilitate your business, you need to first consider how much you need to start your business. 

If what you need is thousand of naira you need to consider COOPERATIVE SOCIETY,

If you need cash from N1m,$6,500 and above you need to contact BANK OF INDUSTRY, every country have the above organizations in place. Never ask for loan from conventional bank because the interest alone can kill your business. Conventional Bank is primarily meant for saving. In the recent time Bank of Industry and cooperative society charge about 9 percent while conventional bank charge about 25 percent. This is outrageous and it will definitely kill your business. It is believed that in the first one to two years of business, the business is mediating between break even and normal profit. So if a business is overcharge within the first two years of business, such business will not stand the test of time.  

ENTREPRENEURSHIP

Question:I have tried series of businesses but failed, I live in a developing country where the economy is slow paced, how do i survive the economy and start a business?.
Answer: The first thing you need to consider whether you live in a developing or advanced countries is what is the need of the people? Is it food, clothing,shelter, or technical need, if you have a skill that can solve that problem, then you are close to becoming a millionaire. Andy Bay said in 2012 that those who can satisfy the need of at least 50 customers in one month are treading the part of becoming wealthy. WARREN BUFFET the second world richest man in 2012 said i meet the need of hundred of thousands of customers through my 69 companies and that is the secret of my wealth.   

ENTREPRENEURSHIP

BECOMING AN ENTREPRENEUR
I want to become an entrepreneur, i don't know how to go about it. How do i start? The first thing you need to consider is to ask yourself what you needed to do. If you are to sell products conduct your research on what products will meet the need of the people,if you need the help of experts, pay a token for the services. If you plan to render service equally conduct research and meet experts to prepare a bankable business plan. Every business need a business plan regardless of how small or big it is.

ENTREPRENEURSHIP

In the past 10years more people have lost their job,in 2012 about 38 percent of those working withing the financial institutions lost their jobs. In 2013 those with multi-skilled training will be relevant in the scheme of things. Economic experts predict that is the next five years, more people will loose their job, this is not to put fear in the mind of those who is  presently working but this is a signal to those without multi skilled training.
So think in your mind in the next ten years do i want to stay with employer when probably you will be 50,60 or thereabout. The like of Warren Buffet,Bill Gate,Adenuga,Dangote started somewhere before investors show face.

ENTREPRENEURSHIP

BECOMING AN ENTREPRENEUR
What products or services should i sell?
The trends in the world global market shows that those with salable skills
and who can identify the need of the people will never be broke.
The first things you need to identify is what are the basic needs of the people.
 Food: Food is a basic necessities of life,businesses that is within this line sells on a daily basis.
Other business line includes business in communication industry,fashion industry,construction,Architecture, and so on.
The first question you need to ask yourself is if im selling products how much do i need to start a mega business. If im to work as skilled technicians which field will be lucrative. Conducting a serious research on what to do as an entrepreneur is a serious life pursuits and effort must be made to choose rightly.