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Micro, Small and Medium Scale Enterprises Sub-sector Forum.
Welcome to Micro, Small and Medium Scale Enterprises Sub-sector Forum. In line with our organizational objectives of making available business information that will help readers develop and prosper in their business, we ’re starting this column in this maiden edition with series of articles on how and where to access capital without hustle.
Our focus is on institutions primarily set up to provide capital for micro, small and medium scale enterprises. We shall commence with identifying these institutions, their objectives and programs, and strategies to benefit from their operations. Some of the institutions in this series include the following:
Nigerian Federal Government Funds and Support for Small and Medium Enterprises, World Bank assisted Programme in Nigeria(FADAMA) aimed at eradicating poverty through the provision of capital for intending small business owners. Small and Medium Enterprise Equity Investment Scheme(SMEES) disbursement for the finance of small and medium scale enterprises (SME) in Nigeria.
The strategies and potentials of Microfinance banks in Nigeria to provide loans and support for small business owners without hustles.
We are working on the assumption that there ’re many start-up entrepreneurs discouraged out there because they do not know of the existence of these facilities. Those that aware of their existence do not have what it takes or strategies towards benefiting from these provisions.
I know very well that many entrepreneurs’re successful in their business today not because they are more determined and resolute than you are. But because they are more opportune to access information and applied principles that enhance their performance. I should ask you to congratulate yourself on this instance of your reading this Blog Article. The core purpose of this Forum(Micro, Small and Medium Scale Enterprises Sub-sector Forum) is to make available information on principles and practices that will develop and improve business and the economy.
So come along with us in this series as we begin to reveal strategies and methods you can easily apply to raise capital for your business without collateral.
In July 1986, the Federal (Military) Government headed by General Ibrahim Babangida introduced the Structural Adjustment Programme (SAP) as a way of reviving the Nigerian economy which was then ravaged by the over-bearing effect of the huge external debt, inefficiencies in the operations of public parastatals e.t.c. Hence as part of the conditions for getting loans from The International Monetary Funds (IMF), THE Federal Government has to adopt the World Bank/IMF inspired SAP.
One of the views of SAP was the privatization and commercialization of public parastatals (to enhance their operational efficiencies hitherto unknown to them) and the creation of the enabling environment for private investors to come in. Thus, the government recognized the crucial role of private (Small and Medium scale) Entrepreneurs in nation building as seen from the experiences of India, Japan, The USA and The so-called “Tiger Economies” or “The Gang of Four” countries (Taiwan, Singapore, South Korea and Hong Kong). All the experiences of the aforementioned countries point to the crucial role of the small and medium scale industrialists e.g shop owners, artisans, craft men (mechanics, shoe makers, carpenters, bricklayers, panel beaters, electricians e.t.c), Auto
parts dealers, musicians, artistes, films/movies producers/directors in the development and advancement of Nigeria as a country
As part of the development and enhancement of the small scale entrepreneurs, the Federal government established the Peoples’ Bank (otherwise known as Community Banks) which had the famous Satirist and Social Critic Dr Tai Solarin as its Managing Director/CEO. The functions of these banks includes granting “soft” loans to the classes of entrepreneurs mentioned in the penultimate paragraph. These people in one way or the other could not get loans from well established commercial banks whose loans normally go with strict conditions and “strings”. The community banks were also established to help mobilize savings in the rural and “the informal financial sectors” in the economy. These incomes mobilized can therefore be used for investment in the financial (Money and Capital) markets. This will in the long run create large volume of capital accumulation for our manufacturing, primary and tertiary/services industries. The end result will be all-round development of our dear country-Nigeria. Many Petty business men took advantage of these banks and became big commercial emperors.
Welcome to Micro, Small and Medium Scale Enterprises Sub-sector Forum. In line with our organizational objectives of making available business information that will help readers develop and prosper in their business, we ’re starting this column in this maiden edition with series of articles on how and where to access capital without hustle.
Our focus is on institutions primarily set up to provide capital for micro, small and medium scale enterprises. We shall commence with identifying these institutions, their objectives and programs, and strategies to benefit from their operations. Some of the institutions in this series include the following:
Nigerian Federal Government Funds and Support for Small and Medium Enterprises, World Bank assisted Programme in Nigeria(FADAMA) aimed at eradicating poverty through the provision of capital for intending small business owners. Small and Medium Enterprise Equity Investment Scheme(SMEES) disbursement for the finance of small and medium scale enterprises (SME) in Nigeria.
The strategies and potentials of Microfinance banks in Nigeria to provide loans and support for small business owners without hustles.
We are working on the assumption that there ’re many start-up entrepreneurs discouraged out there because they do not know of the existence of these facilities. Those that aware of their existence do not have what it takes or strategies towards benefiting from these provisions.
I know very well that many entrepreneurs’re successful in their business today not because they are more determined and resolute than you are. But because they are more opportune to access information and applied principles that enhance their performance. I should ask you to congratulate yourself on this instance of your reading this Blog Article. The core purpose of this Forum(Micro, Small and Medium Scale Enterprises Sub-sector Forum) is to make available information on principles and practices that will develop and improve business and the economy.
So come along with us in this series as we begin to reveal strategies and methods you can easily apply to raise capital for your business without collateral.
In July 1986, the Federal (Military) Government headed by General Ibrahim Babangida introduced the Structural Adjustment Programme (SAP) as a way of reviving the Nigerian economy which was then ravaged by the over-bearing effect of the huge external debt, inefficiencies in the operations of public parastatals e.t.c. Hence as part of the conditions for getting loans from The International Monetary Funds (IMF), THE Federal Government has to adopt the World Bank/IMF inspired SAP.
One of the views of SAP was the privatization and commercialization of public parastatals (to enhance their operational efficiencies hitherto unknown to them) and the creation of the enabling environment for private investors to come in. Thus, the government recognized the crucial role of private (Small and Medium scale) Entrepreneurs in nation building as seen from the experiences of India, Japan, The USA and The so-called “Tiger Economies” or “The Gang of Four” countries (Taiwan, Singapore, South Korea and Hong Kong). All the experiences of the aforementioned countries point to the crucial role of the small and medium scale industrialists e.g shop owners, artisans, craft men (mechanics, shoe makers, carpenters, bricklayers, panel beaters, electricians e.t.c), Auto
parts dealers, musicians, artistes, films/movies producers/directors in the development and advancement of Nigeria as a country
As part of the development and enhancement of the small scale entrepreneurs, the Federal government established the Peoples’ Bank (otherwise known as Community Banks) which had the famous Satirist and Social Critic Dr Tai Solarin as its Managing Director/CEO. The functions of these banks includes granting “soft” loans to the classes of entrepreneurs mentioned in the penultimate paragraph. These people in one way or the other could not get loans from well established commercial banks whose loans normally go with strict conditions and “strings”. The community banks were also established to help mobilize savings in the rural and “the informal financial sectors” in the economy. These incomes mobilized can therefore be used for investment in the financial (Money and Capital) markets. This will in the long run create large volume of capital accumulation for our manufacturing, primary and tertiary/services industries. The end result will be all-round development of our dear country-Nigeria. Many Petty business men took advantage of these banks and became big commercial emperors.
CONTACT US:
HOME OFFICE COOPERATE OFFICE
HOME OFFICE COOPERATE OFFICE
Double click to edit
# 12, Osawaru Street,
Off Upper Siloko Road,
Off Mechanic Road,
Egor Quarters,
Benin City,
Edo State,
Nigeria.
Off Upper Siloko Road,
Off Mechanic Road,
Egor Quarters,
Benin City,
Edo State,
Nigeria.
# 9, Plymouth Road,
Benin City,
Edo State,
Nigeria
Benin City,
Edo State,
Nigeria
PHONE
09090682255
08068221874
09090682255
08068221874
Email:
info@gudesigns.net
frontdesk@gudesigns.net
info@gudesigns.net
frontdesk@gudesigns.net
LOCATION(Google)MAP
The syndrome of unemployment has eaten deep into the fabric of our nation. Government, Parent, Individual everyone is worried about this endemic. But to us at GUdesigns.net, unemployment is a phenomenon that is derived from inactivity or mindset not to engage in activities that lend to reward for labor or effort directed to productivity.
It means that unemployment does not exist but it’s a function of the mindset. Studies have shown that people go to school with the belief that when they graduate they will be employed. But when it does not happen that way frustration set in. Not all those working now are satisfied with the job they are doing. How could such people be productive without satisfaction?
It is this scenario that has prompted the Author of this Article to present 50 easy to start businesses on part-time or full-time basis. Although we are unable to give details on how to go about these businesses we expect that you send in your enquiring or visit www.gudesigns.net <http://www.gudesigns.net> for details.
Magazine Vendor
A magazine vendor is a person that sales magazines and other newsprints. Secure a place where you can place a table, and chair with a shade provided by an umbrella. Discuss with magazine publishers to be supplying you with their publications. You don’t have to hock about. You can sell on the street corner. A busy street or bus stop is preferred.
We advise you to visit www.gudesigns.net and get free consultancy for this business.
Mobile Book Mart
A mobile book mark is the sales of a book from one place to another. There are a lot of people who would like to buy some books but do not have the time to go abut bookshops looking for such books. Such a person will be happier to see a person selling books and be willing to pay an extra charge for the book.
What you need do is research where to source books - magazine, Christian literature, motivational books, in a different formats. Discuss with the major dealer how to get these materials and sale on a commission basis.
Wood Works
If you are skillful in woodwork, then you can make some simple items that are high in demand in offices and home. Items like dressing mirror flower vases, magazine racks, coat hangers, flower vases, CDs /DVD holders, etc. If you can not sale yourself, discuss with hockers at go-slow and roadside for the sale for you on commission bases. You can also supply gift shops and supper markets.
Professional Office Organizer
This is a service business that is appealing to small businesses and individual that needs to be organized if properly presented. The service involved the re-organization of office and advice on how to use software to reduce duster desks.
Mobile Hair Dressing Service
This is a better option for those who can not afford the high cost of renting a shop. Just get drier, hair creams, rollers and other items that can easily fit into a bag. Move from one house to the other introducing your services. Those that don’t need your service now can be noted and leave your telephone number with them for future contact. You can also do facials, manicures, and pedicures. Believe me, many people out there don’t have time to go to salons and would want it done after work in their home.
Free-Lance Writer
If you are prolific in writing you can turn this hobby into a money-making machine. Approach media houses to present documentary for news analysis. Prepare articles and send to Newspaper and Magazines for publication. You can also make megabuck writing biographies and business books.
Writing Effective Business Plans
If you are passionate about developing a business plan, you can make megabuck. There are many people out there planning to go into business but don’t know how to go about it. Some companies thinking of expansion also need business plans to raise funds to finance the growth. What is needed is little money to create awareness in the media and word of the month. For a fee, you can write a plan.
Children’s Apparel Centre
Parents keep buying new stuff for their children because they easily have outgrown their dresses and other stuff. Open used apparel Centre where parents can add a little money to the used stuff and swap it for a new one. You can sell the used stuff to other parents that need them.
Child Care Service
If you have decent accommodation and passion for taking care of children, don’t waste time taking advantage of this opportunity. Print and distribute handbills in your neighborhood requesting working mothers to drop off their kids for a daily charge or monthly fee.
Secretariat Services
If you have a computer and a printer and you can use the computer to type then you are in for business. Target some businesses that don’t have a computer and arrange to type their letters and other documents. You can also offer to deliver these letters for them.
Creative Ad Writer
You can make good money by free-lancing if you have the talent to write an advertising copy. Obtain permission to develop and demonstrate advertising copy for ad agencies and small businesses who can not afford the high agency fees.
Computer Instructor
Computer training is increasing in demand but there are few instructors in this area. If you have good knowledge in different software and you can train on the use of computer then you can make a modest income.
Website Design
If you can invest a little money in website design training, then you are on your way to making cool money. Cyberspace is the market place of future Nigeria. For a fee, you can design a website for companies and individuals.
Ghost Writing
Your job as a Ghostwriter ranges from writing press releases for small business to writing a family history for special family events, notable birthday celebration or anniversary. In all these, you are not to be acknowledged. What is required of you is to be organized, set targets and make a deadline, then you will succeed in this business.
Data-Based Compiler
In this age of technical innovation, getting information does not cost much in terms of cash if you know how to go about sourcing the information. Data-Based compilation involved compiling names and addresses of companies and classifying them according to what they do. These data could be sold to research and marketing-oriented companies. Data based marketing is the trend the world over, therefore, you can sell locally and abroad.
Newsletters Designer
Many organizations are ranging from small to medium or big. Associations, social or non-profit. They all need Newsletters even if they have not realized the need. They will be told. If you can take a brief to design a newsletter on a monthly or quarter basis for a good number of them you are already in business. Software, is available in the market to enable you to do this.
Lunch Boxes
Prepare Lunch boxes and sell at offices and during special events. With some institutions such as banks, private hospital, and other large establishments. Be alert to information where a special event is taking place.
Snacks supply
You can make money baking cakes supplying meat pie chi-chi, sausages, etc to supermarkets, offices and other retailers. Spend some money to create awareness and people organizing a special events like a workshop, seminar, etc. will certainly book with you.
Handy Man
If you are good at fixing home utilities such as clocks, electric appliances, and other small engines. Introduce yourself to people in their homes and offer to fix up such minor things. Visit them periodically to check of they have work for you to do for them.
Pest Control
Studies have shown that about 98% of homes in Nigeria are infested by rodents and roaches. The same applies to companies. You can make money if you hire a spray machines and go from house to house to help them get rid of these rodents.
Personalized Gift Industry
Create first names and engrave then in some gift items like key holders and look for gift shops and distributors. Names like Ade, Dan, Emma, James, Emeka etc are best sellers. You can also create a custom poems and greeting cards.
Scavenge Centre
You can arrange for a space to use as a depot for scavenging. Arrange for scavengers (those that collect waste items like plastic and metals etc) to either sell directly to you and you resell or use your space for a fee.
Flower Shop
If you grow flower and sell you are into big buck if you apply the good market strategy. Look for space in a busy roadside to make your garden. Print flyers and distribute in churches and other social gatherings. Arrange with people to beautify their homes. There is hidden wealth here.
Consultancy Service
This is another service area that is growing fast in Nigeria. Regardless of the area, you specialize in, you are certainly going to make money if you apply effective marking strategies. There are people out there looking for guidance on how to go about what they want to do. If you make your self available you are bound to receive money for such services.
Consumer Problems Services
You can make good money if you know how to resolve consumer complains. There are many dissatisfied consumers there that are willing to pay a fee to someone that will be able to channel their cause. You can create awareness through the radio and in a local paper that dissatisfied consumers can use your services to seek redress as per the product and services they are not happy with.
Video Coverage
There are many events taking place that required to be recorded in a video. You do not need to have one video recorder. But if you have, that means more money for you. Events like weddings, annual general meetings, parties, and other social events take place every weekend.
Photography
The same principle that applies to video coverage applies to photography. You can turn your hobby in photography into money-making spanner. You can photograph for the press and individuals. Many publishing houses has a need for good photographs. Do you see what I mean? You can also upload a photographs to some websites that pays for such resources.
Soap Making
Spend little money to get training for soap making. Produce and sell to low-income earners. There is big money to be made since you can work in your home. This is a low overhead.
Bridal Consultant
You may take away the hassles of running around from couples and make good money. That means to offer to take the responsibility of planning and actual buying of all that is necessary to make their marriage a success. This involved wedding dresses and suits, music, video, decoration of hall, etc. A wedding is still a big part of our culture.
Fund Raising
Make a career out of fundraising. There are many non-profit making organizations, hospitals, schools, a research firms and the civil groups that will require your services. Take advantage of this opportunity and make good money. The percentage of the total sum you raised is for you. What it requires are hardworking and persuasive skills.
Desk Top Publishing
If you own a computer, printer, and generator (I pass my neighbor) you can be in desktop publishing business. You may not need a big office. Find out a location close to a public places like court government secretariat etc. you can also typeset magazines, newsletters, design ads for entrepreneur, etc.
Seminar / Workshop Organizer
A good way to make money is to discover a particular need in society. Chose a topic, arrange for Speakers, book a venue, apply the strategies for marketing seminars /workshop then you have made business for yourself.
Family History
There are many families that love to have a documented history of their family if they know of someone doing that. There is software available for compiling a family history. Find out where to get the software and spend some money in creating awareness then you are into business.
Local Directory
You compile Local Directory in any industry and make money both from sales of the directory and advertisement placed in it. Chose any industry e.g. manufacturing, medical, Agriculture. Work out modalities for the transaction with a printer and you are already into big business.
Ad Specialist
Most business owners consider imprinted pens, carp, t-shirt, bottle opener etc. as an effective means of advertising. You can cash in on this opportunity to make money. Buy catalogs and meet business owners and negotiate with them on how to do it for then.
Business Broker
This business entails bringing together sellers and purchasers of products or services. Once a purchase is made, you are entitled to a commission or fee. You can also organize for exhibition and invite people to attend on behalf of the manufacturer and charge a fee for this.
Radio Commercials
If you are gifted with a nice voice and creative writing then you are into business. Target various industries small, medium or large. Do a recorded sample to show them. Ask for their permission to produce their commercial once this is approved, cost the work and walk into a studio for the final production.
Fast Signs & Banner
If you are skillful in artwork, don’t waste your time waiting for job that may not come. Hit the road meet business owners don’t wait for them to come to you. Tell them you can make a banner for then to display in front of their shop and offices. Each one you work for is most likely to introduce you to friends and whenever they have such need they will certainly call for you.
Decoration
Harm yourself with samples of decorated venues for events and research for rental of decorative materials. Then you are already into the business. This business is for all-season although it strives more during ember months. You can decorate a venue for an event such as marriage, anniversary, etc. You can also do Christmas decorations for offices, supermarkets, annual general meeting, etc. You need to add balloon decoration.
Preparatory Classes and Home Lessons
If you have the partion for teaching, you can turn it to a money-spinner by organizing to prepare students for different examinations. You can also add the normal lesson to enable you to have all year round cash inflow.
Trade Show Organizer
If you have the organization flair for a trade show, start your own business. Pick up an industry, organize the trade show and invite companies in the industry to attend. You can also approach the chambers of commerce and industry in your area so that they can involve you in their own show.
Postal and Flyer Distribution
If you are used to streets in your area just equip yourself with a directory and check for an advertising agent in that location. Register with them and charge per 100 copies of the postal and flyers you distribute and make money.
Children’s Party Service
If you have a flair for coordinating children in a gathering then turn this flair to many making. Spend some amount of money creating awareness for your services. You could also approach companies making children's toys and wears. They also organize children's parties as part of their promotion.
Tours, Student Excursion and Vacation
You can be spinning money by organizing a tour to different cities and places of interest to the public. Plan a schedule of student excursion and discuss with school proprietors to subscribe to there students.
House Cleaning Services
Start house cleaning services in your community. Washcloths or baby stuff and clean home daily or weekly for a fee. Fliers or word of mouth will generate customers.
Vegetable Gardening
Many people love cooking with homegrown vegetables. You can offer to grow and maintain a vegetable garden for people willing to pay the fee. If you have space in your yard or empty land somewhere you can also grow vegetables and sell.
Mobil Grocer Services
If you have good bagging skills and the flair for shopping then you are into big-time business. A lot of women workers and bachelor are very busy working till late evening that they don’t have to go grocery shopping. Arrange to take their shopping list and get back their goods before their closing hours for a weekly fee or monthly pay.
Mobile Barbing Services
If have barbing skill buy an electric and manual clipper, cloth, powder and go to peoples house. Go to homes in your neighborhood asking if they will barb their children’s hair people won’t even mind paying more for home service than what the barbing salons charge. But charge less because you even gain more by using their electricity.
Physical Fitness Service
There is a boom for fitness services as many people are beginning to realize the importance of fitness especially as it relates to health and weight. You do not need to be a physical therapist to operate this business. Just equip yourself with the basic knowledge of fitness exercises. You may organize it for the client in their house or at the fitness Centre.
50 EASY TO START BUSINESSES ON PART-TIME OR FULL-TIME BASIS
IN BENIN CITY, EDO STATE, NIGERIA
IN BENIN CITY, EDO STATE, NIGERIA
CONTACT US:
HOME OFFICE COOPERATE OFFICE
HOME OFFICE COOPERATE OFFICE
Double click to edit
# 12, Osawaru Street,
Off Mechanic Road,
Off Upper Siloko Road,
Egor Quarters,
Benin City,
Edo State,
Nigeria.
Off Mechanic Road,
Off Upper Siloko Road,
Egor Quarters,
Benin City,
Edo State,
Nigeria.
# 9, Plymouth Road,
Benin City,
Edo State,
Nigeria
Benin City,
Edo State,
Nigeria
PHONE
09090682255
08068221874
09090682255
08068221874
Email:
info@gudesigns.net
frontdesk@gudesigns.net
info@gudesigns.net
frontdesk@gudesigns.net
LOCATION(Google)MAP