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10 Reasons Why You Should Start A Business In Nigeria Today

Have you been wanting to start a business? have you been asking yourself questions like “is this the right time ?”. The answer to your question is YES!!.

There is no time better than now, only this moment is certain, no one knows what the future holds, but you can always do something that will positively affect whatever the future holds, and that thing you can do is becoming an entrepreneur, having a business of your own, having a sure and secured source of income.

Your employment status doesn’t matter, it doesn’t matter if you are a student, it doesn’t matter if you are male or female, nobody forbids money.

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10 Reasons Why You Should Start A Business In Nigeria Today
Businesses in Nigeria – Photo Source: http://cocreatit.com

Everyone needs money, so whatever you can do that will make you come home with an amount of money higher than what you left home with is worth trying out.

A lot of mistake people with white collar jobs do is fail to invest their money on a private and personal enterprise since whatever job they have now is not secure and won’t last a lifetime, but your business will definitely last a lifetime and even longer if properly managed.

Today, the economy of the nation is not favorable for people with jobs, talkless of people without any source of income.

The economic situation is harsh, times are hard, that’s why you have to be productive with every second, minute and hour you live.

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You need to figure out services you can render your community, you need to think of problems affecting your neighborhood and fashion out things you can offer to solve this problems in exchange for monetary reward. If you can’t think of anything, then learn a skill.

A lot of you are scared to start because of the fear of failure forgetting that learning from your mistakes is the best way to learn.

Aside that, you should know that there is only a little chance of failure if adequate preparation is made. So there shouldn’t be a place for fear, do your homework today and start your enterprise tomorrow then watch how it will expand.

The importance of having your own enterprise are too numerous to mention, the benefits far outweighs the disadvantages, so there is no need to be scared.

You have been reading a lot of business oriented articles here and you have the financial prowess to start something, but fear and uncertainty keeps holding you back, you are the reason why we have decided to put up this post to motivate you and give you very good reasons why you should put that idea into practice.

Why Should You Start A Business Today?

I use to tell people, “a dream is just fiction until activated.” You have to make your plans today and start its activation tomorrow.

If you don’t start immediately, believe me someone else is going to start with your idea or something very similar. At that point, no one will ever believe you had that idea.

Despite the poor economy, Nigeria is still a very good place to start a business due to her large population. Therefore, to motivate you, I’ve compiled 10 good reasons why it shouldn’t wait any longer.

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1. Autonomy

By starting your large scale or small scale enterprise, you become your own boss and you are now independent. You are free to actualise your ideas in whatsoever form you wish.

You have the freedom to take calculated risks, unlike when you were an employee. Starting your business also means you have the opportunity to start and build your brand, and also, it affords you enough freedom to express your creativity.

2. Financial independence

The sole aim of starting a business is to make profit, so believe me, the day you start is the day you attain financial independence.

You don’t have to wait until its month before getting a credit alert as you will be getting paid on a daily basis. For those of you with a job already, you can even make more money by combining your business with your job. Although, it depends on how you are able to bend your schedule to favor yourself.

3. Pride and self esteem

Starting your business automatically earns you personal recognition. It increases your popularity, it instills a form of pride and self esteem in you as you know you’ve taken the right decision.

4. Flexible schedule

Becoming your own boss means you no longer have to do the 8am – 4am now. You can choose to work anytime you want and as much as you want, which automatically means you can now set out time for friends, family and some other important activities.

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5. Job security

You are your own boss, you created the job for yourself so there is no way anyone is taking it away from you. Having a business doesn’t means you can’t keep your regular job. You can have both alongside, obviously having an advantage than your colleagues who are just employees.

6. A chance to follow your passion

Starting your business means you have the opportunity to do that thing you have always wanted to do. You have the freedom to go into any sector and bring in your unique ideas.

Nothing beats doing having a strong passion for your business, it is just enough drive to keep you working round the clock as it is something you love doing. Following your passion makes your business become a hobby.

7. New motivation

Your new venture becomes what drives you to succeed, it becomes your motivation and the reason why you want to succeed. You will also serve as a form of inspiration and motivation to others who would want to toe your path.

8. Opportunity to learn new things

No one knows all, there are always new stuffs to be learnt, new skills to be acquired before establishing a business. This is another major advantage.

Knowledge is indispensable, learning new things is the only way to improve your self, so I can boldly state that starting a business is an indirect route to self improvement on a personal level.

9. Create Jobs

Starting a business can make you become an employer. It enables you create jobs for deserving individuals, thereby reducing unemployment.

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10. Opportunity to build a legacy

People who leave a legacy are never forgotten. That’s why your enterprise, your business, your brand, whether large scale or small scale can last a lifetime and even be passed from one generation to the other if well managed. It’s a way of building a legacy at the same time securing the future of yourself and your family.

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Adegbija David

David is a content developer at InfoGuideNigeria.com. InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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