When you approach a very nice Estate or a well finished and fenced building, what do you see first? The gate is the first thing you should see, so I would say the first point of attraction to a nice building should be the gate.
So, a well-finished gate tells a nice building from the outside. This is how significant a well-finished gate is to a nice building.
If one venture into such a business in Nigeria, it is going to be lucrative because people need nice gate designs. Gate construction business is a booming business that fetches you a lot of money as it does not only beautify the house but also provide security and privacy. Therefore, this type of business needs patience and full commitment when venturing into it.
The question that should come to your mind if I introduce this business to you at first should be how will it profit you.
Now think of how many people in Nigeria are building houses, how many people are planning to build, how many people are thinking of renovating their houses to meet up with the recent standard.
All of them need a well-designed gate, and that is the job of a gate constructor. Profit is very important as no one would start a business without expecting.
Market Structure Of The Business
Demand Analysis, Competition, and Opportunities
Every day people build houses whether you are aware or not. The houses built could be flats, story building, estates, but after building there is something needed that would make the outlook of the building attractive, that would provide some space of privacy, and a little security, and that something that is needed is the gate.
Hence the demand for gate construction is high, in short at its peak as many people, company, the government would want a gate in their home, school, park, farms, etc.
How To Start Gate Construction Business In Nigeria
To start up such business, first you will need a business plan, your business plan should entail the scope of the business, the site or location of the business the kind of staffs needed and how to market your product.
You will also need to license your business, and, most importantly, financing is major as none of your plans can come into existence without it.
You should also determine the niche you want to specialize, would install gate or only focus constructing it. If it is to construct only, then you will need to have a good welder that is vast of different design and logos of company gate.
The reason for this is because people have personal desires, different wants, a customer may decide he or she need a company logo in his or her gate, another may decide he needs feminine design. In essence, know what your contractor or customer wants.
This type of business requires equipment in order for it to be fruitful. This equipment must correlate to the business you venturing into. this could include welding machine, electrolyte etc.
Before you start up your gate construction business, you need to know or have an idea of the total estimate it will cost you to start up.
Furthermore, you will need to market your business, get in touch with housing developers so that they will be able to connect you.
Advertise your business, and importantly certify your business to avoid confiscation of any equipment or shut down. Choose a good location where you can be easily accessible and have a good management team.
One of the launch tips you should bear in mind is having a good location, No the best location suited for the job because location determines your income rate.
In this type of business, it would be profitable to be located in a dominated area, a place where much activity is carried out.
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As earlier stated, finance is the basis for starting a business without it, it would only be a dream yet to be achieved. Finance is very important, there are ways to get it before starting up your business. It could either be loan or mortgage or raise a capital for yourself before starting up.
Certification & Licensing
An important aspect that needs to be considered is certification. As a learned person, it would be proper to license and certify your business before any activity is done. Licensing makes your business transaction legit, it makes your business contract legal.
Imagine having a business that is not properly managed, how long do you think the business will last? Management is very crucial, it depicts the longevity of the business, the reputation of the business and influences the cash flow of the business.
A good and proper management always move and elevate the business to the next level. A good management would sustain the business, would think of innovative ways to keep the business moving, would market the business efficiently, and would employ staff capable of delivering without sentiments or tribalism.
Staffing & Advising
The type of employers and employees you have will determine how far your business will go. Management is handled by employees employed by employers, so the need to employ those with experience, commitment, capability etc.
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How would people come to know about your business if you don’t show it to the public? How would they know your reputation if you don’t show it? This is where marketing comes into play.
Advertise yourself, connect with housing developer, schools, individuals that know individuals, broadcast your business through radio, television, TV shows etc. Also, have a good working website that entails all you do.
Thanks for the time and do well to also read more business tips hereClick here to see the latest Jobs opportunities in Nigeria.
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