1. BUSINESS START-UP
TIPS
BY
ANGELA IHUNWEZE
CONSULTANT/BUSINESS PLAN WRITER
080 33280453
2. TOPICS
How to gather relevant information needed to
start up a business
How to incorporate your business
What is a successful business?
Reasons why small businesses fail
Breaking the barriers to starting a business
Managing a successful business in Nigeria
3. How to gather relevant information needed to
start up a business
Entrepreneurs running similar businesses.
Books and other related information products
on similar business, both for technical and
management knowledge
Attending trainings in form of workshops and
seminars
4. How to incorporate your business
Create a name
Go to the nearest Corporate Affairs
Commission office in Nigeria or any in your
country responsible for such duties.
Once your name has been approved
You can register as a venture or partnership or
Ltd company
5. What is a successful business?
A successful business is a business that is well
planned and executed and achieves the goals
and objectives of its creation
6. Reasons why small businesses fail
Wrong mindset, which can adversely the business
Failure to carefully research the market, the business
as a whole
The entrepreneur is in it for the wrong reasons
Failure to plan
Failure to adhere to the plan and also adjust the plan
Acts of God
7. Breaking the barriers to starting a business
Thorough research of the industry you intend to do
business in should be done.
A realistic business plan should be written.
Search for good mentors that will guide you as you
start.
Belonging to a trade association of related business
can help cushion the challenge of starting the
business
Maintaining a positive and result oriented state of
mind is key
8. Managing a successful business in Nigeria
Be abreast of what is happening in your
industry and the environment at large.
Keep on innovating as trends evolve
Build the right relationships with those in the
private and public sector
Keep on training, yourself and staff
Always keep a conservative approach on cash
management, there must always be reserve
9. Thank you
We offer seminars on;
.From idea to business’ on Saturdays.
.Business plan tutorials on Tuesdays.
Email angelaitambo74@yahoo.com or visit
www.angelaitambo.com.ng to know the dates
and venue. Thank you
10. Thank you
We offer seminars on;
.From idea to business’ on Saturdays.
.Business plan tutorials on Tuesdays.
Email angelaitambo74@yahoo.com or visit
www.angelaitambo.com.ng to know the dates
and venue. Thank you