Steemit Engagement Challenge S7W4: Share Business Ideas For Steem Entrepreneurs

Entrepreneurship is the process of starting and developing a business entity with the aim of making a profit. An entrepreneur is an individual who has developed a business with the intention that he or she will take all the risks and enjoy all the profits.

SITE THE PROBLEM OF THE AREA
Before starting a business, it is important to survey the area and check if the location of the shop or office is in a good area. Check how many people are selling or rendering the service you are about to start in that area and how they are doing to see if the business is going well for them or not. If they are not doing well, then you check to see if you can find a solution to the problem.

Your vision and mission
A business without vision and mission is a dead one. Before you start a business, you must have a clear vision. Your vision and mission are what give you the zeal to strive hard while you are doing business.

Location of the business

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The location of a business really matters a lot. It helps to determine how fast you will grow your business. For instance, if you rent your shop in an area that is out of sight or in a rural or local area, the shop may be cheap, but the rate of sales may be very poor, thereby making the business grow slowly.

But when the office or chop is located in a city and on a very good site, it will make your business easy to access by your customers, thereby increasing the rate of daily sales and turnover, and that will help to make a business very successful.

Name of Business: Obikings electronics
Vision: My vision is to be the biggest electronics shop in the country and to sell quality goods at a cheaper rate.
MISSION: My mission is to provide the country with quality and durable electronics with diligence and integrity.

The importance of business
Electronics is a very lucrative business. For instance, when you feel hot, you buy a fan or air conditioner from an electronics shop to cool yourself down.

When you want to watch the news, you use the television, which is almost always in every home.

When you want to listen to music, you will need a home theater. you can only get from an electronics shop.

When you need a cool drink, you go to an electronics shop to buy a refrigerator or freezer.
When you want to watch a movie, you buy a DVD set from an electronics shop, etc.

As we can see, we make daily use of electronics.

What3world location

It's part of our daily lives in the northern part of the country; you will always see people with radios in their ears. All those things are being bought from an electronics shop; electronics is a nice business to set up.

Cost of the business
The cost of the business could be about 800,000Naira that's 5,000Steem depending on the location if you want to start it in Ahmadu Bello Way, Kaduna, which is the major area or site for electronics businesses.

But if you want to start in areas like Sabo, Tasha, or Kakuri, you will need something like 500,000 Naira to start, and it has to be along the road so that customers can easily access the shop. Then you have to buy goods directly from Lagos so that you can sell them at a cheaper rate, and you will be able to compete with others.

And for some products that have companies in Kaduna, like skirun, brum, LG, Samsung, LG, etc., you will go directly to the company and buy from them so that you can sample it in your shop, sell it, and make profit. So many people have become multi-millionaire by selling electronics.

I inviting @simonnwigwe, @ruthjoe, and @temitopef