50 BUSINESSES YOU CAN START AND MAKE PROFIT

50 BUSINESSES YOU CAN START AND MAKE PROFIT

I have decided to research and compile fifty businesses you can start and make profit even if you are a small or medium scale entrepreneur.  

I have often said it that it is needs that motivate people to buy your goods/services, so always try to meet needs. Some of the things you can do to make people pay you money are;

1.       Make or save them money

2.      Save them time

3.      Supply them with food shelter and clothing

4.      Provide them with security, safety or comfort

5.      Offer them leisure and entertainment, affection, friendship  or belonging

6.      Give them status, prestige, or self respect

7.      Add value to their lives.

With these seven things in mind, you can look at each of them and know which area you can be able to offer value in order to receive money because money is always offered for value.

LIST OF FIFTY BUSINESSES YOU CAN START

1.       Beauty service

2.      Day care service

3.      Fumigation and corporate cleaning

4.      Fish farming

5.      Barber’s shop

6.      Fashion and designing

7.      Event management

8.     Consultancy

9.      Laundry and ironing services

10.  Catering services

11.   Sales shop

12.  News paper vendor

13.  Photography

14.  Computer engineering

15.   Web design/ soft ware developer/ and programming

16.  Information marketing and online business

17.   Comedy

18.  Modeling

19.  Printing publications and printing press

20. Cyber café

21.  Bakery

22. Making of snacks

23. Poultry (animal farm)

24. Real estate business/ agent

25.  Boutique

26. Car wash

27.  Shoe making

28. Sales of make-up and perfumes

29. Wedding planners

30. Rental services (chairs and canopy)

31.  Graphics design and printing

32. Food stuff sales

33. Repair and unlocking of phones

34. Adult home

35.  Advertising agency

36. Writing and editing

37.  Educational and Counseling services

38. Lecture house for GCE ,WAEC  and JAMB

39. Fitness and weight loss center

40. Sales of computer accessories

41.  Sales of phone accessories

42.  Sales and repair of generator

43. Video coverage service

44. Sales of cement

45.  Bar operator

46. Sales of recharge card

47.  Eatery

48. Sport arena

49. Interior design and decoration

50.  Provision store

There are many other businesses you can do but I carefully wrote these out for it to inspire you to think and I am doing all this for your success.

If you do not know how to go about starting your business or you need a business plan for any of the businesses, you can contact me for further information.

To your success!

Felix Smith Aigbonohan

Business & personal Development coach

Xterics Resources® | RazorEdge Coaching

www.maximumperformancecoach.com

info@maximumperformancecoach.com

(+234) 8062998606, 705671931

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HOW TO CONDUCT A MARKET RESEARCH FOR YOUR BUSINESS

HOW TO CONDUCT A MARKET RESEARCH FOR YOUR BUSINESS

You might be asking what business should I start, how to start a business or  any other question on your mind. After you have found your answers, the next important thing to do is check the viability if the business and this can be done through market research.

Let us move straight to the point, first let us define some basic terms that will be of importance to us in this article.

 

What is the market?

Individuals or companies who will purchase your product or service. They are the life line of your business, so it is very important to know what they want, how they want it and when they want it.  For you to know this you will do what is called.......

 

What is market research?

Market research is the systematic collection and analysis of information related to the market for your business.

You don’t want to produce goods or service you thing people might need, you will want the goods/services people actually need and are ready to pay for it. Sometimes you will think is creativity to start a business of what customers might need in the future, but it wisdom to sell what people are already looking for as a young entrepreneur.

Types of information gained from good market research:

- Market location and size.

- Market demographics.

- Market receptiveness to your product/service.

- Industry trends and outlooks.

Why is market research important?

Market research gives you important basic information that allows you to make intelligent decisions about your business. The key to good market research is to:

- Define what you need to know.

- Plan your questions and research process.

Good research questions are those with answers that lead you to better judgment about your overriding question: Will you succeed?

Good research does not guarantee success. The best it can do is give a good probability of success.

Why market research is often neglected?

- Entrepreneurs are independent by nature.

- Most feel they already know enough.

- Some think it is a waste of time.

- Failure to understand its role, instead of seeing it as insurance.

- Fear it will prove that ideas are not marketable.

Download the review of my guild here  DOWNLOAD

As you follow these steps i see you making headway in your quest of entrepreneurship.

To your success!

Felix Aigbonohan

Business & Personal Development coach

Xterics Resources| RazorEdge Coaching

www.maximumperformancecoach.com.

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How do you start a business

How do you start a business

In starting up a business depending on the country you are, there are some basic requirements from government agencies, like registering the business with corporate affairs commission if you are from Nigeria and the most important of all is the starting up processes which does not involve capital alone but other prerequisite that is most essential to your business success.

I will start from the basis and list what you have to do in order to start and run a successful business.

     

         You got to have an idea or business you want to do in mind; this is the starting point for any business. All things are created twice, first in our mind or imagination and then in reality. You must have seen something you would love to do, a product you will love to manufacture or distribute, a service you would love to render or a skill you would love to market etc. You might have more than one option which is very much okay, when you go through the business development process, one might emerge as the ultimate for you.

            You have to check if you have the traits of an entrepreneur; this would have been my first point, but because you are reading this post I have taken it that you have the drive and passion to have your own business, but as I will let you know that passion is not enough. There are traits that an entrepreneur should have for you to know that this person can be successful at running his/her own business. I will like to ask you as basic question which is; what is the reason you want to start your own business?

-          Want to be your own boss.

-          Have a terrific idea

-          Want to express your true self.

-          Lost your job.

-          Looked for job and no job

-          Personal circumstances have changed.

-          Want to work from home.

-          Want flexible hours.

-          Looking for a better balance between work and family.

-          You ever wanted to run your own business

Whatever reason you might have will not disqualify you to start up a business but you must know that there are some traits you should have to be successful. Some are; Taking personal initiative, Learning from mistakes and responding positively to all challenges, having great perseverance etc.

3.      Run a market research: As a matter of fact, most people that start their own business fail in less than five years of start off, almost 70% of new businesses do not get to survive. Market research will actually tell you that this business you are about to start is suitable for you, the environment or demographic, political climate, social relevance etc. You have to look for the people already running such business and see how they are fairing, the size of the market, customers needs, what are the basic challenges of the business and to run a SWOT(Strength, Weakness, Opportunities and threats) analysis based on your findings. There are two basic methods of conduction a market research which are’ Primary and secondary research. Primary research is you going to the field with a designed questionnaire, recorder or note to find out information from business owners and customers alike, while secondary research can be done online and from books. Nigeria does not have very good business data online.

    

    Financial consideration: After you must have done the points above, then you have to consider your financial strength and weaknesses. Where are you going to get the money from?, will you have someone to invest in the business as a joint venture partnership, will you take a loan facility from bank, or do you have the money from savings to start your business? These are all important questions you have to answer.

   

     You need a business plan; I have seen countless numbers of people in my business coaching profession who would want to start a business and will say there is no need for a business plan. It is like someone having money and knows he want to build a house and tell the engineer to build a house for him and he should not worry about drawing a plan. The way it sounds stupid to you now, that is the way it is when you think you do not need a business plan to run a successful business. People run away from it because they think it is a complex thing to do, yes some might be complex, like the plan of a building, depending on what you want to build that determine the complexity of the plan. To start a small business, you don’t need a complex plan but just a simple one.

In conclusion, there are many other things that need to be done but I cannot write all in one article. But I have prepared a detailed handbook on how to start a business from scratch and grow it to become successful.  Exploring Self Employment Opportunities- a Guild to business Development.  To download a preview of the copy of the book click.  FREE PREVIEW

To order, send a mail to info@maximumperformancecoach.com or sms (+234 8062 998 606) and you will receive a reply.

The handbook will take you practically through the entire step you need in order to succeed, with lots of exercise. This is a compilation of my years of experience working with entrepreneurs and business owners as a business coach.

To your success!

Felix Smith Aigbonohan

Business & Personal Development coach 

Xterics Resources® | Razor Edge Coaching

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Be an employee with a CEO mentality

Be an employee with a CEO mentality

Who is a steward? He is a person who manages or helps others to run their affairs. In a broader sense anyone who work for somebody is a steward, let’s just simply put an employee.

There are some characteristics that one will see and say this person is a good employee. Some of the key characteristics of a good employee that a CEO possesses which will always draw any employer’s attention and interest are;

Honesty: The basis for trust

Trust: The basis for relationship and loyalty

Loyalty: The true meaning of commitment

Commitment: The reason for accountability

Accountability: The sure way to productivity

Productivity: Give you more reason to be enthusiastic

 Enthusiasm: The spirit of true success

In any man or woman in whom these qualities are found will never remain an employee for long because these characteristics are the pathway to ownership. While others seek promotion, Promotion and more responsibilities keep looking for these characters, for the reward of a work well done is more work, which automatically means promotion.

Any steward/employee that exhibits these traits is qualified to own whatever he/she is managing.  Whatsoever you are doing presently in your job is a direct reflection of your ability or capability to own and manage your own business. You must prove to the universe that you are qualified to be a boss by showing it through these listed qualities.

I challenge you to start developing the owner’s mentality and see yourself climb the ladder of success without stress because you have greatness in you.

To your success!

Felix Smith Aigbonohan

Business & Personal Development coach 

Xterics Resources® | Razor Edge Coaching

                                                                

Character, the true personal brand

Character, the true personal brand      

Packaging is a good concept in product strategy and branding but no matter the package it is the product that still matters most.

The container can attract people but it is the content that will keep them. Therefore the best brands will always improve on the content to meet the present challenges while modifying and improving on the container.

You may be wondering how does this affect you as a person, you must understand that to live a life of fulfillment, you must avoid living from outside-in but rather living from inside- out.

Looking good is good business they say, this is what has led to the establishment of  multi-billion dollars cosmetics, designers  and automobile companies all over the world,  it is good to be concerned about our image, that is how people see us, but most importantly after making your first impression, what next? Our surface value and personality perception cannot take the place of character make-over.

Character isn’t something you were born with and can’t change, like your finger print. It is something you weren’t born with and take the responsibility of forming.

The true value or worth of a man is his intrinsic value of character. Talent can take a man to the top but it is character that can keep him there, if you doubt this,  ask Tiger wood and the past IMF (International Monetary fund) boss if what I’m saying is true. A character that is not well developed in the secret will show up definitely in the public.

Character is like a tree and reputation like a shadow. The shadow is what we think of it but the tree is the real thing- Abraham Lincoln  

There were great men and women all through history who attained high levels of success but later crashed not because of their level of education or physical deformity but a deformity in character. Character is everything-100%.

“The true test of a man character is what He does when no one is watching”- John Wooden.

I challenge you to build your personal brand on character. You Have greatness inside of you.

To your success!

Felix Smith Aigbonohan

Business & Personal Development coach  

Xterics Resources® | Razor Edge Coaching

Delegating, a tool for leadership success

Delegating, a tool for leadership success

One tool that is handy for any leader to possess in other to succeed in leadership is the ability to delegate duties effectively.

Delegation is the act of delegating which means to authorize a person or group of people to act as a representative for you. This is empowering someone to do part of your job for effective result.  Some leaders do not know how to delegate or rather do not have the skills and attitude of delegating duties, the reason for this is that some leaders think what makes them relevant is the work they do and when given to someone else to do, they feel their relevance is being taking away, while others love the feel of being in control of everything, whenever they are not in control, they think the work is not moving well, everybody around is lazy etc.

Delegation is important if any leader will love to achieve more in reach and in scope. It is a defective leadership attitude if you do not know how to delegate. People will not grow under you and this is not good as a leader.

In other to properly delegate, you must first define the scope of the duty/responsibility to be done, set the boundaries with clarity and then give the delegate certain level of authority and independence to be able to perform the task. Let them make their mistakes and learn to grow.

This is one tool that leaders can use in other to achieve more for less

To your success!

Felix Smith Aigbonohan

Peak performance coach  

Xterics Resources® | Razor Edge Coaching

www.maximumperformancecoach.com

Ways to Handling Division among Team Members

Any institution or organization that is divided can never record any significant growth, improvement or progress. Division will cause a breakdown of any system which is always a tell tale sign of an unproductive group of people.

You must know that division can be in various forms such as; opinions, ideologies, believe, methodologies, thoughts, views and approach to issues. John Adams was quoted to have said “the greatest instrument of division is the abuse of words” and this can degenerate to further disintegration and conflict in the organization which when not properly managed to lead to anarchy.

Division is well known to create lots of negative energy like resentment, strive and hostility, hatred.  It is not absolutely wrong to be of a different opinion or having a different view to an issue, but this must be done in a manner love and from a pure heart of seeking the collective good of the group, it is often said that “we disagree to agree.”

How to deal with division in an Team/organization?

1.      You must first know the root of the matter, what lead to the division

2.     You will have to analyze the issue objectively without a premeditated solution

3.     Allow the parties involved to express their grievances

4.     Collectively seek for possible solution to the problem

5.     Adopt the best option available with consent to the parties

6.     Initiate reconciliation process for both parties

7.     Put in place measure to cub a reoccurrence of such or related issues.

The best way is to avoid any situation that will lead to division in you organization or group.

To your success!

Felix Smith Aigbonohan

Peak performance coach

Xterics Resources® | Razor Edge Coaching

www.maximumperformancecoach.com

How to predict your destiny

How to predict your destiny

There is a popular saying that goes “show me your friend and I will tell you who you are” and the other one is “your life will be determined by the friends you keep and the books you read.” If you agree with these statements then it will be of almost importance to you to run a FES “friend’s evaluation scan” to know the kind of friends you keep so that you can appropriately determine your destination in life.

My friend is the one who brings out the best in me- Henry Ford

Friends can actually make or mar your destiny without you knowing or seeing the instant direct effect on your life. Close friends shares the same ideology and they cultivate the same believe system which over time forms your mindset and outlook towards life. That’s why you must look beyond niceness or generosity to choose a friend. Some things you must know before bonding in close friendship with anybody are;

What is his /her value system (the things they take at high regard?)

What is his/her believe about life in general (is life just about making money by all means or having fun no matter what?)

Be slow to fall into friendship but when you are in, continue firm and constant- Socrates

Jesus made a statement that is so important in running a quick check or scan when you are about to make a decision regarding friendship, he said “by their fruit you shall know them.” Because no good tree brings forth bad fruit neither does a bad tree bring forth good fruit.

True friendship must face in the same direction toward common projects, interest and goals.

Choose wisely.

To your success!

Felix Smith Aigbonohan.

Peak performance coach

CEO, Xterics Resources

www.maximumperformancecoach.com

How to start that project with what you have

How to start that project with what you have

It is often said that money is the basic resource needed to execute a project. But let’s think about it, you must first have an idea of what we want to do, followed by the plan on how you intend to do it and then with whom you intend to do it with, when do you intend to do it and last but not the least, how much do you believe in the success of the project and your ability to do.

As simple as this may sound, it is the back bone of any project and answering these questions correctly is what determine the success of a project and not the availability of money alone. Your faith which is a universal currency which can buy at the same rate anywhere in the world is most needed when you are embarking on any project. You must learn how to capitalize on what you have instead on what you don’t have; you can start the first phase of your project with what you have. That reminds me, your project must be broken down into stages and phases.

Whenever you start a project with what you have mixed with faith, you set in motion spiritual laws in your favor that will provoke supranational provision by the law of attraction. Set your mind to become an incurable optimist and surround yourself with positive people who will support you, people who can see possibilities out of what might seems impossible.

God will always ask, “What do you have?” Remember, it’s what you have that will gives birth to what you want. There is always something you have to fulfill a plan/project at hand, you must look inward in other to see forward clearly.

To your success!

Felix Smith Aigbonohan.

Peak performance coach

CEO, RAZOREDGE Coaching

www.maximumperformancecoach.com