8 step by step guide on setting up a Business in Nigeria

Transcript

1. 8 steps on how to set up a Business in Nigeria Samuel Olaide Okediji 01 8 STEPS ON HOW TO SET UP BUSINESS IN NIGERIA MARCH 2020
2. 8 STEPS ON HOW TO SET UP BUSINESS IN NIGERIA MARCH 2020 Develop a Business Idea Write a Business Plan Register Your Business Complete your Tax Registration Acquire an Office Space Setup a Website/Online Presence Develop a Marketing strategy Create and maintain your Brand Discussion points 02
3. 03 Proper Research and Brainstorming is needed for one to come up with a unique and profitable Business Idea. You need to study the people around you and learn about problems in your society that you can proffer solutions to. Develop a Business Idea 8 STEPS ON HOW TO SET UP BUSINESS IN NIGERIA MARCH 2020
4. 04 8 STEPS ON HOW TO SET UP BUSINESS IN NIGERIA MARCH 2020 No one goes on a journey without counting the cost and implications behind embarking on the journey. Start with a sound Business plan in documentation. A Business Plan is the blueprint to any successful Business. Develop a Business Plan
5. 05 8 STEPS ON HOW TO SET UP BUSINESS IN NIGERIA MARCH 2020 The next step is to Register your Business with CAC (Cooperate Affairs Commission) WEBSITE: https://www.cac.gov.ng/ It is left for the Business owner to choose what type of business he is registering for. Sole Proprietorship (1 man Business) Private Limited Liability Company. (Privately owned 0-200 staff) Public limited Liability Company. (Shares are freely traded to the company. (>200 staff) Register Your Business
6. 06 As a Business owner you need to fill a FIRS (Federal Inland Revenue service) Tax verification form. This form has legal binding by the Govt as a Business that will be either taxed by company or by Employee. Valid Internation Passport (N25,000) Or Drivers License Or Voters Card Prerequisite WEBSITE: Complete your Tax Verification form 8 STEPS ON HOW TO SET UP BUSINESS IN NIGERIA MARCH 2020
7. 07 Next is you seek out a suitable office space in a strategic environment for your Business. Acquire an Office Space 8 STEPS ON HOW TO SET UP BUSINESS IN NIGERIA MARCH 2020
8. 08 The next step is to have an online presence in form of a Website or a Google my Business Page. Google my Business: https://www.google.com/business/ 40% of Nigerians browse the internet. This is a rich marketing pool to draw from. Set up a Business Website (Web Presence) 8 STEPS ON HOW TO SET UP BUSINESS IN NIGERIA MARCH 2020
9. 09 MARKETING PLAN 2020 Marketing is the Soul of Business A Business without a shrewd Go-to Market strategy is just built sheer wishful thinking. Buying Mindshare by Apple, Google ect Many Nigerian Business Owners start a Business without a clear sight and later crash land. Do not be this type of person! Collect Insightful Data using Google Form: https://www.google.com/forms/abo ut/ Develop a Go-to Market Strategy
10. 10 MARKETING PLAN 2020 Target market Item 1 20% Item 2 20% Item 3 20% Item 4 20% Item 5 20% Item 1 20% Item 2 20% Item 3 20% Item 4 20% Item 5 20% Item 1 20% Item 2 20% Item 3 20% Item 4 20% Item 5 20% How Old are your customers By age What sector do they work in? By sector Where do your customers stay or live? By location
11. 11 A Business owner needs to work round the clock to create, nurture and grow a unique Brand for his/her Business. Your Brand should have a niche for itself. Develop and maintain your Brand 8 STEPS ON HOW TO SET UP BUSINESS IN NIGERIA MARCH 2020
12. Logo studies 12 BRAND PLAN 2020
13. 13 Thank you! Questions? Clarifications? Let me know! 8 STEPS ON HOW TO SET UP BUSINESS IN NIGERIA MARCH 2020