STEEMIT ENGAGEMENT CHALLENGE S7W4 - SHARING BUSINESS IDEAS FOR STEEM ENTREPRENEURS

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Hello to everyone in this wonderful community today and in this platform at large. I greet you all in good spirit and I want to believe that we all are doing just well.

I welcome you all to yet another powerful engagement challenge week of the season 7 engagement contest that has been brought forward by the steemit team in other to improve engagement among users in this platform.

Today, I will be participating in the engagement challenge which this community has brought forward for users to participate. I urge you all t9 sit tigh5 and relax as I drop my entry regarding the contest topic titled Sharing Business Ideas For Steem Entrepreneurs.

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Entrepreneurship is the proper activity that entails the putting up a business alongside embarking on a risk regarding finance for the purpose of acquiring profits.

Before an one can be called an Entrepreneur, He or she must have presented a business by which the business or businesses is working accordingly. Getting a business idea and then look for certain ways to inculcate for the business to work effectively.

Now without wasting much time, I will be giving you some clues in starting up a business and they are seen below. I will be using my business nameXclusive Concept Enterprise to give you certain steps on how to set up a business.

SITE THE PROBLEM OF THE AREA

Before establishing or setting up a business in an area, it is mandatory that you first site the problem or need of such business in the area. Will the residents in such area patronize you? Will the business do well in such area? Would the things you sell solve a particular problem in that area?

This are questions that you should asked your self before starting up a business.

YOUR VISION AND MISSION

Your vision and mission is needed for one to start up a business. Having business ideas without having a vision as to what you aimed to to or what problem you intend to solve is wrong.

It is expected that your business should have a mission and a vision before starting up business for it is with the mission and vision one tends to get ideas regarding how to start up a business.

LOCATION OF THE BUSINESS

The business location should always be kept in check before starting up a business. It is a thing to have a business idea, and it is another thing to know where to establish that business. The location matters a lot and it works in line with the needs of the residents in that particular location.

Now after the above has been put in check, you can now proceed to getting certain ideas regarding the business you want to start up with such as Cost of the business items, the managerial input, and setting up your capital.

NAME OF BUSINESS

Xclusive Concept Enterprise dealers and retailers in all kinds of traveling bags, school bags and boxes.

VISION

Out Vision is to see a society that is satisfied with the needed items for the purpose of continuity in life through our products.

MISSION
Our Mission is to meet the need of scarce resources of the people in providing the needed items for their consumption through the establishment of our businesses and to satisfy the need of the residents.

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IMPORTANCE OF THE BUSINESS

Selling of various products such as bags and boxes to meet the need of people who would be traveling to different places and certain would be needing bags, boxes and others to travel with.

Also providing school bags for students living in that area is also a key factor to start up this business. I have noticed that residents in this area often find it hard to get these items and that is why I have decided to start up this business in this location where such business doesn't exit.

COST OF THE BUSINESS

The business entails the distribution and purchasing of **school bags, traveling bags, boxes, and other kinds of bags that would be needed by the the residents of the community and as such, the cost of the business has been taken into consideration.

The cost of the business has been estimated to be over #800,000 which is equivalent to 5,334 Steem. This is the estimated cost of production to run this business properly in this location.

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Having the view on this, we have gotten a location to site our business. This is a place where students are the predominant here and as such, the need for school bags, traveling bags and other kinds of bags is seen.

So getting these items will sure solve the problem of going to a far place to get certain items. With this business, the cost of transportation has been suspended for the residents in this society because the business has solved a particular problem of going as far as certain kilometers to get bags for their individual purposes.

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In summary we have made this table as our final detail regarding Xclusive Concept Enterprise.

BUSINESS NAME	XCLUSIVE CONCEPT ENTERPRISE
PRODUCTS	ALL KINDS OF BAGS
IMAGE FLYER
COST OF OPERATION	#800,000 (5,334 Steem)
BUSINESS LOCATION	Kaduna State, Samaru Zaria.
WHAT3WORDS	link

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CONCLUSION

Starting up a business entails all details of the business. Reasons, Vision, Mission, and resources. These are hints that will guide an entrepreneur to start up his or her businesses.

Thank you for reading from me today. I will like to invite certain users to also participate in this contest and they are @skilocy, @v-brainer, and @jenny281.