Evaluation of Business Opportunity in Nigeria
Evaluation of Business Opportunities in Nigeria. 1. PREPARE YOURSELF This approach is most appropriate when deciding on starting a business. When there are more than one possible business idea and one needs to decide which one to follow, you need to adequately prepare yourself. Running a business in Nigeria is tough but highly rewarding; so to survive, you have to be tougher. You must be able to answer the following questions; Am I familiar with the operations of this type of business? Does the business meet my income and investment goals? Does the business generate sufficient profits? Do you feel comfortable with the business? You can also prepare yourself by accepting the reality that you can fail tomorrow and deciding if the risk factor is acceptable as well finding out if there good growth projected for the overall industry of the business? You must be able to get the work done and do it right, so you will have satisfied customers. If yo...
