Business Classroom for Africans (Since 2007)
It’s not likely you have everyone around you support your business vision.
I had my entire family at the other side when I was going to the business world.
It doesn’t matter who support your business vision and who doesn’t
It only matter whether YOU fully support your vision and are willing to fight hard for it
“The secret of success is to do the common thing uncommonly well.”
— John D. Rockefeller Jr.
“There is a powerful driving force inside every human being that, once unleashed, can make any vision, dream, or desire a reality.”
— Anthony Robbins
Few days ago I was reading on the internet.
It was about a study did in the US about artificial intelligence
The shocking thing is this;
By the year 2030, 38% of the jobs in the US must have been taken by robots.
(You can search Google to confirm that)
Whatever happens in the US happens in the entire globe.
Some of us are making noise about it now but we are being criticized for it.
To depend on a job in the 21 Century is as “smart” as to depend on rain for your planting in the dry season.
If you want to plant in the dry season you need irrigation
Job is gone and it’s going.
The era of job will never come back again, except we stop inventing technologies, robots and other artificial intelligence (which is NOT possible)
I’m not saying this to scare you.
I’m only telling you the truth.
When I started my first major business at age 15, it was for the pleasure of it.
At 21 when I went fully to the business world, I had bank work and other jobs calling me.
I rejected them and went to the business world.
I went to the business world because I love business.
(Thank God I didn’t love job)
Today if you know anyone who loves job, tell him he loves yesterday.
There’s no job in tomorrow.
Computers, robots and other artificial intelligence are the real employees of the future.
What do I want you to do?
Prepare for it.
Stop complaining about Buhari (or president of your country)
Complaining about the economy or the political leaders doesn’t bring food to your table (does it?)
Instead, its makes you poorer.
Many people usually tell me, “The reason why I don’t start my own business is because I have no capital”
I’ve never taken such people serious because I never had capital either.
If there’s will, there’s going to be way.
Find your will and you’ll find the way.
If you think you don’t have enough capital to start anything today, when you loose your job what will you do?
What is stopping you is NOT capital.
What is stopping you is the lack of business education.
If you have business education, you’ll discover that Napoleon Hill was right when he said “Capital is too much in the world for people who know what to do with it”
When I was going to the business world nobody in my family was happy with me and I was just 21
So how was I able to get capital to finance my businesses?
Nothing is stopping you except what you don’t know.
Your mind is the only thing stopping you.
Get business education and you’ll see that nothing else can stop you.
How do you get business education?
Read good business books.
Attend business conferences and seminars.
Listen to business tapes etc.
Get a business coach or mentor.
It’s not a must you join the Africa Business University but if you’re able to join, do so now.
What is important is for you to stop complaining about the government and the economy.
What is important is for you to do something to change your financial situation.
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So far more than 958 people have visited the Africa Business University.
The campus is opened and the revolution started.
If you’re admitted already, congrats!
If you’ve not apply for the admission at the A.B.U, you don’t know what you’re missing.
7 Important Facts about the A.B.U
1. A.B.U is a 9 month intensive business university course which doesn’t require you to leave your home or work
2. A.B.U’s mission is to (systematically) train you on how you can build your own company from the scratch
3. A.B.U doesn’t require you to go to any physical place nor affect your daily activities (because we’re using the power of the internet to bring the university to you).
4. You’ll have access to video lectures, audio training and one-on-coaching sessions with Steve Olorun-Ni
5. You can get the admission to the A.B.U from (anywhere) in the world
6. Through the A.B.U you’ll have the opportunity of learning how to build your own company from Steve Olorun-Ni and 10 other African entrepreneurs.
7. I will be giving one million naira to 3 of the **A.B.U** students (you can be one of them)
Traditional universities taught you how to work for companies; A.B.U teaches you how to build a company
Click Here to join the A.B.U
Business opportunities for Africans has always been among the top discussed topic, for people who are seeking for business ideas in Africa or for those whom are quite confused on the type of business to setup in Africa.
Africa as a continent has a very good business opportunities that can help to not only solve problems, but can also provide employment and make great income for the entrepreneurs.
It may be quite surprising to know that there are many business ideas or business opportunity in Africa than you can ever imagine and reason been that enough –people haven’t tapped from this opportunities because they might not know that they exit or have no idea of any Africa business ideas.
In this article, I will be stating all the Africa business ideas that can help you to setup any business of your choice or help to make up your mind on anyone of listed below.
After I have spent over a decade in the business world, I discovered 13 Secrets which school did not teach you about how to be rich
Because I want you to become a successful entrepreneur like me, I will reveal the 13 secrets to you. Click Here to download it for free.
…………………………..
This crop production business includes, rice farming production, cassava framing, tomato farming, cucumber farming, maize farming, palm oil farming or production, potato farming and so forth.
There are indeed many of them out there and they are capable to provide a good income.
One good thing about crop production is that even if you have no previous knowledge of farming the crops, you can hire workers or farmers whom are expert in it to plant for you. By this, you won’t have to worry on how to do it, also learn and as same time make your profit.
For crop production business, if you have no or few capital you can surely get loan from the banks, Microfinance Banks, cooperative societies etc. so long you have a good business plan or proposals.
The livestock farming business involves businesses such as goat farming business, cattle farming, pig farming business, grass-cutter farming business, snail farming business, poultry farming business (which involves layers poultry farming, boilers farming business or turkey farming business etc) and so forth.
Just like crop production business, if you have no or few capitals for your livestock business you can surely get loan from the banks, Microfinance Banks, cooperative societies so far you have a good business plan or proposals.
If you are looking for good African business ideas that could yield you money then satchel water or bottle water production is a good business opportunity.
For this business, you need a source of good water, filtering machines and sachet water nylons or plastic bottle production machine and so forth.
Ask the Alchemists entrepreneurs!
You need a waste management truck, labors and a registered business, and houses or company to assist in managing their business in a fixed payment then you are free to startup. So if you have interest in setting up one, do not hesitate.
One can also make good income from blogging when people pay the blogger to advertise a product or services in a space in their online blog. Or also participate in pay per click services, or even engage in affiliate marketing.
The good thing about this blogging business is that you can easily set it up if you have your laptop and small capital.
Like I stated above that you can practices an affiliate marketing as a means of gaining in your blog; you should know that, It is not a not a must to have a blog before engaging in an affiliate marketing. You can apply to companies or services that are in need of affiliate marketers, if approved; you will then have to promote their goods or services in either your social media accounts etc.
Do not overlook this business idea because it has very good and high profit tendencies.
A lot of people might want to consider going internationally, that is, creating an international forum, well it’s also good, but there is a good tendency if it is made local.
One can profit from this business by accepting to feature sponsorship post, articles or stories. You can also advertise products or services at a pay per click or a monthly or weekly payment.
If you don’t want to engage in a forum of numerous topics, you can then best chose a particular topic and elaborate in it. It can also make a good income too.
You can be paid an amount of fee for setting up this business been provided that you have the equipment and a great knowledge of how to do it. If you want to set up this business but do not know how to do it, you can enroll in classes that teach techniques and how to setup event planning and management services.
if you get your first job and do it right, people who attend the event may want you to manage their events for them when they need to do so. You can also advertise your business online or offline through posters or billboards.
After I have spent over a decade in the business world, I discovered 13 Secrets which school did not teach you about how to be rich
Because I want you to become a successful entrepreneur like me, I will reveal the 13 secrets to you. Click Here to download it for free.
…………………………..
To set up exportation or importation business, you need capital either small or big, if possible registered company and the contact of interested buyers, when you have this, you are good to go. For the exposure of your business, you need to market it well both offline and online.
As a job recruiter agency or management, it is your job to provide these candidates with the right jobs and these companies with the right candidates.
You can set up this business offline or online. The good advantages of bring this online it’s because since most people use the internet on a daily basis to get information, your job recruiting services will be easy to see or access.
By getting genuinely available jobs to the right people and the right candidates to the right companies who are need of it; from there you get your own commissions through the candidate’s salaries or particular payments from the company or candidates.
After I have spent over a decade in the business world, I discovered 13 Secrets which school did not teach you about how to be rich
Because I want you to become a successful entrepreneur like me, I will reveal the 13 secrets to you. Click Here to download it for free.
Thanks.
“Before you can become a millionaire, you must learn to think like one. You must learn how to motivate yourself to counter fear with courage. Making critical decisions about your career, business, investments and other resources conjures up fear, fear that is part of the process of becoming a financial success”. ~Thomas J. Stanley
“If you don’t make things happen then things will happen to you”. ~ Robert Collier
“If people like you, they’ll listen to you, but if they trust you, they’ll do business with you”. Zig-Zaglar
There are no secrets to success. It is the result of preparation, hard work, and learning from failure. ~Colin Powell
The current world population is estimated to be over 7.5 billion people.
Majority of these individuals (about 1 billion of them) constitute the working class worldwide; hence, these people have little or no time to perform domestic activities during the day.
And while these chores cold range from cooking to washing the dishes, cleaning the home, grocery shopping and several others, a unique business opportunity was discovered, and has become an insanely profitable industry today.
Welcome to the world of the laundry/ dry cleaning business!
Who doesn’t love the feeling of wearing neatly washed and properly ironed clothes?
Yes, we enjoy that feeling we get when we don nicely washed clothes; but we are too lazy most times to do our laundry.
The busy schedules of the workforce working a 9 to 5 routine daily, keeps them totally busy, which makes performing basic tasks like laundry a huge task impossible to perform.
On weekends which signify having all the time to do what they can, most of them end up cleaning their homes and visiting friends.
Only few of them really take time out to wash their clothes.
This large group of lazy individuals in Nigeria, Africa and the world in general has made the laundry business a very profitable niche to venture into since the demand for it is always available.
After I have spent over a decade in the business world, I discovered 13 Secrets which school did not teach you about how to be rich
Because I want you to become a successful entrepreneur like me, I will reveal the 13 secrets to you. Click Here to download it for free.
…………………………..
The laundry service business involves professionally washing clothes and linens for people via the use of washing machines or the traditional method of washing with hands.
This service is paid for, after which the individual later picks his/her clothing from the dry cleaner after a certain number of days.
1). Laundry service is easy and convenient to start
2). It is neither capital nor management intensive
3).You can start a laundry business in Nigeria from home and grow commercially from there
4). It is very profitable, since most people don’t have the time to do their laundry. Many people constitute the workforce; which comes with tight schedules; hence they consider doing laundry a waste of time.
5).You’re your own boss. One of the many wonderful benefits enjoyed from establishing your own laundry service business is that you’ll always have freedom to do things at your own pace and in your own style. You won’t be taking orders from any superiors.
6). It improves the personal hygiene of the customers.
7). Protects the quality of clothes.
1).The prices are determined by the cost of doing business
2). Not all stains can be removed.
3). Damage (which atimes can be irreparable) to clothing happens often.
4). Dry cleaned clothes last longer than hand-washed clothes.
5). Clothing can shrink.
1). Dry Cleaning
This is the most profitable niche in the laundry service business industry in Nigeria and across the globe. Since most people in every locality see dry cleaning as a domestic problem, it continues to become a revenue spinner because it affords people the opportunity to dry clean their clothes and other items at their convenience.
2). Ironing Clothes
While dry cleaning generally involves ironing the clothes after washing, some individuals bring in their rumpled clothing to have them ironed. This therefore, reduces the revenue stream of the dry cleaner since their main focus is on straightening the clothes. Dry cleaners can charge as low as 100 Naira per clothing ironed, and at 1,000 Naira for 10 ironed clothes. This business opportunity can bring in as much as 100,000 Naira extra monthly, from just ironing clothes for people.
1). Laundromats:
A laundromat refers to a self-service laundry business which allows customers to wash and dry their clothes in the washing machine themselves, and totally operated by a coin. It is also called coin wash, coin laundry, launderettes, or wash-a-teria, and popular in America and Europe.
2). Staffed Laundries:
This type of laundry service business employs staff to provide dry cleaning services to customers. Very popular in the United States and the United Kingdom, the duties of staffed laundries range from sitting over the counter to sell detergents to offering change, monitoring clothes to ensure that they don’t get stolen, and sometimes, doing the laundry on behalf of the customers.
3). Fluff n Fold Services:
This is the most popular type of laundry service in Nigeria and other parts of Africa. Here, the laundry business accepts the dirty clothing from the customer, wash, dry, iron, and fold the clothes. Some even offer a pickup and delivery service. This laundry service is also referred to as the Wash-n-Fold, Drop Off, Bachelor Bundles, or a Full –Service Wash.
1).Clothes occasionally gets missing or misplaced.
2).Some clothes get burnt.
3). Inadequate/poor electricity supply.
4). Lack of properly trained staff.
5). Short of almost-impossible delivery times.
6). Access to clean water.
7). Clothes can sometimes go from bad to worse.
8). Absence of sunlight on rainy days.
9).Enough space/bigger facility in a good location.
10). Equipment breakdown
11). Building a loyal client base amongst a sea of fierce competitors.
After I have spent over a decade in the business world, I discovered 13 Secrets which school did not teach you about how to be rich
Because I want you to become a successful entrepreneur like me, I will reveal the 13 secrets to you. Click Here to download it for free.
…………………………..
1). Consider Your Financial Resources
Depending on the scale you want to start on, setting up a laundry service business may or may not be capital intensive. You might even decide to get a franchise to lessen the level of business risk; however; it’s important to note that getting a franchise leads to lesser control over your business and additional overhead in the form of royalties and other expenses.
While a franchise boasts of marketing and operational benefits, running your business from home might also be a good idea if you have little or no money.
Conducting a detailed cost analysis is very essential when starting a laundry business in Nigeria. The cost analysis will give you an idea of the total cost of starting and running a laundry business in your preferred location. The report from your cost analysis will help you set a realistic financial goal for your business.
2). Draw Your Business Plan
Just like humans need oxygen to survive, a business plan is very crucial when setting up a business. When drawing up your business plan, list the service(s) you’ll provide. Here is a sample laundromat business plan template to start with.
You should also put into consideration your target market and demographics when drawing up the plan. Are your target customers university students, busy professionals or apartment residents? This and researching on how well other laundry businesses in the locality you intend to operate are surviving should also be included in your business plan.
Examples of niche service ideas in the laundry industry include: home pickup and home delivery, hotels and motels, boarding schools, hospitals, churches and seminaries, sales, repair and servicing of laundry equipments.
3). Select A Good Location
Except you intend to operate your laundry service business from home, your business location shouldn’t be handled like a pinch of salt. When searching for an appropriate location, ensure you pick an area that’s accessible and close to apartment buildings. This will help attract customers who don’t have washing machines at home or those who don’t have the time to wash their clothes because of their busy schedules.
The best locations are usually in high trafficked areas. When you establish a laundry service business beside a road plied by a lot of motorist, with a bold sign board advertising your service, your client base will grow quicker than that of a dry cleaner located in a quiet neighbourhood.
Another great location idea is within a private estate, but close to relaxation spots. The regular influx of people to such area will make them notice your business, and in turn, increase your patronage.
However, it is not recommended that you open your business near a competitor; unless such competitor has low patronage or you feel you have a competitive advantage.
4). Secure A Permit And Register Your Business
Running a laundry service business could involves getting a special kind of permit. Find out from the corporate Affairs commission or start on a very small scale (which may not require a registration).
To apply for a business permit or license, visit your city clerk or government secretariat.
You also need to find out if you’ll have to pay for other licenses like a health department license, water pollution control, fire department permit, and other forms of licenses. You might also need to make payments for any sewer connection and waste water fees required by your city clerk. After that, you can proceed to register your business.
5). Buy The Necessary Laundry Equipment And Resources
After registering your business, the next step to take is to buy all the equipment and resources that would help run your business smoothly. Some of these include:
And a whole lot more!
You can ask around or search for online auction sites for deals on used laundry equipment. Alternatively, you can acquire top-load washers to help save some money. Or better still, you can rent or lease equipment and run your business until you’re financially buoyant to purchase your own equipment.
6). Market Or Promote Your Laundry Service Business
After your laundry service business is up and running, you can promote it to attract customers. However, this can’t be done without the help of a good laundromat marketing plan. A good way to start is by placing door hangers on apartment buildings. You need to include your list of services and offer deals to new customers. Other forms of advertisement include:
The laundry service business constitutes one of the largest small business industries in Nigeria and around the world. With a high customer base, it has continually proven to be highly profitable for existing and new entrepreneurs.
With an appropriate location, highly trained and skilled workers, excellent customer service and a superb delivery business, the sky is just the beginning for your laundry service business.
If your brand is generally accepted by the people in your locality, you might need to open various outlets of your laundry shop in different parts of the town.
This will make it easier for customers far away from you to easily connect with your business. Who doesn’t like convenience? You bet almost everyone does
After I have spent over a decade in the business world, I discovered 13 Secrets which school did not teach you about how to be rich
Because I want you to become a successful entrepreneur like me, I will reveal the 13 secrets to you. Click Here to download it for free.
