SEC-S20W1 | My Business Ideas | (Provision and foodstuffs business )

At my small business place

I'm delighted to participate in this week 1 engagement challenge, Talking about business ideas there a lot of businesses in my mind but my restrictions are money, without solely waiting for big money I'm able to start up something. I want to employ you to read to the end let's go.

To the glory of God and the help of my Steem I'm able to start up something that I'm proud to call my own. I'm a business owner though it has not gotten to my taste due to finances. I have been able to start up a provision and foodstuffs shop. I operate on daily basis from 6:30am - 9:30pm excluding Saturdays. I sell things like oil ,garri ,beans rice , spices, biscuits,drinks and lots more

Business requires a lot of fund to be able to run smoothly, it depends on individuals though to me my idea of business is individual business. Doing business alone will help you know how well to manage it in order to make it successful, the benefit incurred from the business goes to the individual purse without and sharing formula.

As an individual business owner ,I make sure to strategies various ways in which my business will attract customers, I draw my plans , and set my goal of which should be profitable to my business.

Advantages of partnership business are many ,they are:

• Decision making process. Since it's a business run by more than one person making decision is very simple and fast compared to individual business.

• Finances. Partnership business has less financial problem, hence there are more hands that can support the business.

• Sharing of business problems. The risks and burden that affects individual business are shared in partnership business.

Disadvantages .

• Disagreement. As time goes on in partnership business greed sets in and birth fourth disagreement which affects the business entirely.

• Profit sharing. Profit are shared among partners, whereby one person puts more effort than the other it reduces the productivity of the business.

• Less autonomy. Before any decision is made it must be the agreement of those involved. Which can delay the execution of the business progress.

Source

There's joy in doing a successful business, haven being in this business for some time now I have plans of expanding it into a big one-stop over business place where everything provisions and foodstuffs will be seen in large quantities.

My plans now is to acquire a good location that is suitable for the business where I can build my own warehouse and shops that will accommodate my goods. When this is done the problem of paying shop rent from my capital and profit will be solved.
Then my effort in achieving this idea is by saving the small profits I'm making from the business when it's reasonable to buy the land I can go ahead and achieve the goal.

Two good hands are better than one. I wouldn't be doing these alone, I will employ the service of professionals who know better in terms of building a successful business to help me with ideas on how to achieve this goal in the shortest time.

I'm sure I have clearly discussed my business ideas in this post, before dropping my pen I want to invite my friends to join me.

@max-pro @ngoenyi @wilmer1988 @uzma4882