Doing business in Nigeria today takes a lot of guts, determination, courage, strong will, resilience and of course, a good mentorship and guidance.
To empower our youths and any business minded individual out there, Plateau Watch is starting a weekly series of business mentoring, planning, processes and tips on how to get in and survive in the business world.
Our business expert, Nanky James will be coming at you with “Business Edge” every week to prepare your mind into what to expect in the business world and how to survive in it.
Let’s Go…
In a country where economic deficit and unemployment have become the order of the day, conceptualizing a business idea in Nigeria and subsequently starting it can be likened to a gold mine which offers an opportunity for people to tap into a better livelihood.
According to statists. com, a total of 32.5% of Nigerians were unemployed in 2021, with a forecast unemployment rate of 33% in 2022. As you can see, the rate of unemployment is on the increase.
Apart from being a gateway to self-employment and helping to put an end to job hunting, starting a private business from various business ideas also comes along with several advantages which includes;
1. Financial freedom
2. fulfillment of dreams and ambition
3. Unlimited freedom while there are many constraints to starting a personal business, capital to start with ramins a major constraint.
In my next post, we’ll discuss lucrative business you can start with 100k, in Plateau State.
