If you come across some buildings you will discover that they have metal gate with nice features and design, some of this gate are automated, this are the work of welders. Not only that.
Most of the tankers you see transporting fuel are being fabricated by welders. In simple and in a layman man term, welders fabricate metals to desired shapes.
Welders profit a lot in this business because it is a professional line of work and its lucrative. There are different types of welders, but those involve in arch welding earn a lot but the work is risky.
Profitability Of Welding Business In Nigeria
Usually before starting a business the first thing to consider is the profit or gain that will be generated. Welding business has a lot of gain and profit because of it’s high demand.
Demand Analysis, competition and Opportunities
Who wouldn’t want a nice piece of fabricated metal in his house? People need metal gate with nice features, people need metal door with nice features, thus the demand is high.
Basic Steps To Starting A Successful Welding Business In Nigeria
One thing is to have a business idea another is to start the business idea. Some step to take note before starting includes:
(1) Get Professional Welding Training
To start a welding business, it would be better and wise to find a welding school and enrol yourself. This is where the foundation is laid in order for you to succeed in the business.
Get the extensive knowledge and get aquainted with fabrications, repairs, and welding processing. The reason to be properly trained especially in a school is for you to be certified.
You cannot start welding business in Nigeria without being certified and you can only be certified after you have been professionally trained.
(2) Come Up with a Business plan
To get started endeavour to come up with detailed business plan as it will serve as a guide and aid in setting up your business without foregoing important details.
Also plan carefully and strategically to avoid huge gaffes that may cost you heavily. Create a company name, goals, mission and also a unique brand.
(3) Register Your Business
In order to have a legal business transaction and not risk your business reputation on the line, it is advisable to register your business with corporate affairs commission.
Hire the services of a lawyer to assist with the legal processes involved to make your business legitimate and avoid government harassment. Meet tax obligations of the state where you will be operating from.
(4) Find a Suitable Location For Your Welding Business.
In this line of business, you will need enough space, welding itself deals with lot of metals and equipment such as welding table, gases, tig rods, mig wires, millermatic 2500 or 251, oxygen and acetylene cylinders, electric welding machines, workshop tools, angle grinder machines, safety googles, helmet for welders, welding tongs, pliers, spanners, bench vice, welding consumables like steel chalk, electrodes etc. it should be cited in a more populated area so that people can see or come across the location.
(4) Hire Labour
You will need the services of other certified welders, to aid in contracts or job with a huge work load. Find and employ professional and experienced welders to help you start easy and ensure prompt delivery of excellent services that will boost the reputation of your business.
Financing The Business
Find potential investors or lenders and convince them to finance your business.
Anything can happen anytime in welding business, unexpected accident can occur so in order to cover your losses when this occurs, insure your business and avoid regret.
In this business a lot of equipment is needed for the business to succeed. Although the cost of acquiring these equipment is high, it is very important they are purchased.
Secure a good location that will favour your business. Your business should be located in a dominated or more populated area, also it should be very spacious since the equipment needed in this job are plenty.
Finance is much needed to bring the business idea into existence. There are ways to get financed in order for you to start up your business.
Certification & Licensing
As earlier stated in order to make your business transaction and contract legit and legal, it is important to license your business. It saves you from harassment from government officials and also confiscation of your equipment possible permanent shut down of your business. register your business according to the rules of the state and endeavour to pay your tax.
Knowledge Needed & Training required
A professional training is needed in this kind of business in order to be able to deliver well. Not only that for you to be certified you need to be professionally trained. It is of utmost importance that you go to school of welding to acquire the necessary knowledge and training before starting the business.
This is a business enterprise and it has to be properly managed to ensure the longevity of the business, maintain the reputation of the business, and also ensures continuous cash flow into the business. This is done through hierarchy of staffs.
Staffing and Advising
In order for your business to be properly managed, you need to employ capable staff that are committed and innovative. Also employ staff that has little experience in the business.
Nobody will know about your business if you don’t step out and advertise your business. this can be done through various means which include having a good working website that is functional 24 hours and easily accessible.
This include the ways you want to go about exposing your business to the world. Advertising strategy should always be dynamic as people get easily bored to same advertising trick all the time.
Becoming a successful welder in Nigeria today comew with a price. If you must succeed without much ado, you must learn very fast and from the best. That us why I implore you to take the usful guideds provided herein to your full advantage. Leave me a comment in the comments section let me know if you need further help or have a thing or two to contribute towareds the betering of this course. Thank you.
See more trendy business gists here
👉 Get Free ₦1,000 plus 5% - 15% interests on savings and over 25% return on investments: Create a Free Account on PiggyVest Buy and Sell Bitcoin in Nigeria - Register for free on Luno
Click here to see the latest Study Abroad Scholarships and Guides
Click here to see the latest Jobs opportunities in Nigeria.