How to start a retail business

Retail Business is one of the fastest growing business in the economy. In all the countries around the world, retail business plays vital roles in making products available to the consumers. Economists affirmed that the production is not complete until the goods get to the final consumers. In most cases, there are intermediaries between the manufacturers and the consumers. The intermediaries can be a combination of wholesalers and retailers. At times, it can be that the retailers buy directly from the manufacturers to sell to the consumers. It is not a surprise if a manufacturer serves more than fifty retailers. Continue ReadingHow to start a retail business

How to Start a Gift Shop

Learn how to start up your own gift shop. You must have visited a gift shop before, I guess. If I didn’t guess right, maybe I can change the way I put it. You must have given out a gift before. Peradventure, I still didn’t guess right. Let me say that you must have received a gift before.  Can you estimate the number of people that buy gifts in your locality per week? You may not know how to estimate this until you visit a nearby gift boutique or attend a birthday or wedding ceremony and observe the gifts being Continue ReadingHow to Start a Gift Shop

How to Start Mobile Phone Business

Mobile phone business is not yet saturated. Few years ago, having a mobile phone was a luxury and was exclusively for rich people. Acquisition of mobile phone could be regarded as capital expenditure then because of the cost implication of getting one. I remember that the company I was working for bought Nokia mobile phones for all its Directors that time. The cost ran into several thousands of naira and we were asked to capitalise it. Today, the story about mobile phone has changed. Without a mobile phone now, our dressing seems incomplete. That is, mobile phone has become more Continue ReadingHow to Start Mobile Phone Business

How to Start a Supermarket or Grocery Store

Supermarket and grocery store business is very lucrative There is no doubt that supermarket and grocery store business is lucrative. If you are observant, you must have noticed that the rate at which people start supermarkets and grocery store nowadays is high. One thing you need to know is that, if the business is not lucrative, people will not be rushing into it. When you see people rushing into starting a particular business line, it might be an indication that the business is profitable. However, I am not suggesting that you should rush into starting a business you know nothing Continue ReadingHow to Start a Supermarket or Grocery Store

How to Start Selling Toys

You can start toy store with little capital. Starting a toy store is a small business idea anybody that has passion for children can consider. Selling of toys is actually a big business but it can be started at any scale depending on the amount of capital that you have available to you. There are different types of toys out there. Except you have a very huge amount to buy varieties of kid toys, I will advise that you focus on a particular line that you know there is enough market for. If you are totally new in this business Continue ReadingHow to Start Selling Toys