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How To Start A Busness in Nigeria 1

Entrepreneurship is not for everyone and requires more than just a desire to be your own boss or escape a 9-5 job. Valid reasons to start a business include spotting an opportunity, making money, helping people, creating jobs, and solving problems. The key steps to starting a business are to identify the type of business, write a pitch deck rather than a lengthy business plan, test the business idea, document findings and adjust plans based on market realities, build credibility, and note important lessons like collaborating, keeping costs low, learning from mistakes, and taking calculated risks. The entrepreneurship journey is ongoing.

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Ajayi Adebayo Ebenezer-Success
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91 views15 pages

How To Start A Busness in Nigeria 1

Entrepreneurship is not for everyone and requires more than just a desire to be your own boss or escape a 9-5 job. Valid reasons to start a business include spotting an opportunity, making money, helping people, creating jobs, and solving problems. The key steps to starting a business are to identify the type of business, write a pitch deck rather than a lengthy business plan, test the business idea, document findings and adjust plans based on market realities, build credibility, and note important lessons like collaborating, keeping costs low, learning from mistakes, and taking calculated risks. The entrepreneurship journey is ongoing.

Uploaded by

Ajayi Adebayo Ebenezer-Success
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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STARTING AND GROWING A

BUSINESS IN NIGERIA

By: Emmanuel Osho


What is Entrepreneurship ?

“A person who sets up a business or businesses,


in the hope of making profit while taking on financial risks”

“The pursuit of opportunity beyond resources controlled”


Howard Stevenson
Is entrepreneurship
Is startiing a business
forfor everyone
everyone ? ??
Reasons not to start a business

To be your own “boss”


You dont want to work for anyone
If you are running from a “9-5”
To get funding

If your reason for starting a business is majorly because of


one or more of the above reasons, you may need to have a
rethink
You spotted an opportunity
Reasons to start To make money
a business
To help people
To create jobs
To solve problems
HOW TO START A BUSINESS
Identify the kind of Business
you want to build
Write a pitch deck
and not a business plan
Write a pitch deck
and not a business plan
A pitch deck is a document which explains
your business usually 10-20 pages.
A business plan is the superset of data about
your business encompassing the business
model, your financial projections and all other
details about your customer out reach,
customer service and operations
usually 20 - 100 pages
Test run your Validate your business
business idea idea.
You will most likely never get the full picture of
what you are doing at the begining,
the picture becomes clearer as you start

It’s okay not to have everything figured out at the begining


Document your findings &
adjust plans to suit market
realities
Build Portfolio and Credibility
There is no second chance for first a impression
Vital things to note on your Entrepreneurship Journey
Collaborate
This is one of the easiest way
to grow and increase reach

Be Prudent
Keeping cost low is one
of the secrets to making
money

Learn Fast & Document Valuable Lessons


You’re permitted to make
mistakes, but don’t make the
same mistake twice

Take Risks
Take calculated risks
The End
The Journey never ends...

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