WEEK-5 || SHARE A SMALL BUSINESS IDEA FOR NEW ENTREPRENEURS.

HOW ARE YOU DOING STEEMIANS???

A very good afternoon to you all kings and queens once again. How is your day going? Hope you're having a great day.

It's my most delightfulPLEASURE to welcome you all to my blog AGAIN where, as usual, I do what I do most and best; feed and share my knowledge with you all.


In this post I will be sharing my knowledge and idea with the great steemians in the amazing STEEM4PROFFESSIONALS community on the theme;

SMALL BUSINESS IDEA


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It's obvious right now that if you want to succeed swiftly in life you have to be thinking business and not jobs. Most especially right now in my country, thinking of finishing school and getting a job is now a thing of the past, it's a decayed way of thinking that can destroy ones dream. If you want to succeed swiftly in life right now you must think like an entrepreneur. And below is just a small business idea I think you can start from if you're in confusion of what to start with.


MY IDEAL SMALL BUSINESS IDEA FOR NEW ENTREPRENEURS

My ideal small business idea is LIQUID SOAP MAKING.


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The above picture shows how liquid soap is being made and processed. Liquid soap making as common as it sounds is a very lucrative business idea to go into as a beginner entrepreneur. And the interesting thing is that it requires a little capital. All you need to do is learn how to make your liquid well and attractive, marketing it won't be an issue.


THE BEST LOCATION SUITABLE FOR THIS KIND OF BUSINESS.

Well, I can't give you a definite location that will be good for this particular business because I don't know where you live or stay. But what I can give you is an advice on the type of location. The best type of location that will best suit this kind of business and will make get more sale and customer will be a marketplace or business center.

But mind you this is a production business and not a business you get a static location, it is a business you have to go out and advertise your business to lots business and people that you know will be in need of your business like; restaurants, hotels, you know your location best and how you can advertise your product in your area.


HOW MUCH CAPITAL IS REQUIRED FOR THIS BUSINESS?


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This business does not require too much capital. I cannot give you an actual amount of how much you'll need, that depends on you and what you can afford and the quality you want your liquid soap product to have. Mind you every business progresses from small so you should not be over bothered making something perfect from start, you might just waste a lot of money. You should explore with very little capital at the beginning to know what style and process favours your business from the beginning. As your business grows and you decide to increase amount of production, you'll know where to put more money into.


EXPECTED ADVANTAGES AND DISADVANTAGES OF RUNNING THIS BUSINESS

In general being an entrepreneur comes with a lot of advantages, and not even mention being a liquid soap maker and distributor, some benefits includes;

  • You can get contract;

You're likely to get contract from businesses to supply your product. And if you back your business up with cleaning services you're likely to always be the best option for contract when cleaning opportunity comes up.

  • You can train people;

Also when people have interest in the business you'll be the go to option if the want to learn more about it. You then have a choice to charge for training them in it.

And so on...

For the disadvantages; they are actually not to many. As you know it in business there must be time of loss, you won't always make profit all the time. You can loss during time of inflation in your country, or even when there is scarcity of material you need in making your product, you must be prepared to face all this.


OF COURSE! there you have it once again. It'll be A GREAT PLEASURE to know you enjoyed your read dropping a comment. And you're welcome to take part in the contest as well.


DON'T YOU FORGET THAT!

If you liked this story, make sure you tap this link @lordmarvel.m135 and follow for more interesting stories that you'll love more.


BEFORE I LEAVE

I'd love to invite my friends on Steemit; @vincio-stratic, @oblessgod, and @notable to also come share their stories here.


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