10 Businesses to run on campus
- Hairdressing
- Manicure/Pedicure /Nail fixing
- Desktop Publishing Center/Graphics design
- Sationeries/Provisions
- Photocopy Center
- Social media consulting/Influencing
- Photography
- Event planing
- Sewing/Tailoring
- Makeup Artist
ACQUIRE SKILLS AND TRAINING
Besides possessing the natural skil, you will need to acquire basic skills and training either from vocational school or under an expert apprentice. This helps you to hone your skills and allow you to learn the tricks and riduments of the trade, most especially the business part of the trade.
BUSINESS NAME REGISTRATION
If you are starting up your own, you will need to acquire your business with the allied commission. This gives your business a legal footing and will protect your business name from use by another person. It also allows you to open a corperate account with a bank.
SOURCE OF FUNDS
The easiest way to source for fund for a samll company is through friends and relatives. What you need to do is make a list of people you are very close to that can give small momey. By the time you have like 20 names each of this people are able to give you #2,000each, that amounts to #40,000. With this litle money you can start something. It is advisable you start small and grow your business. And also don’t invest all you have at once, its safe to have a backup plan and back-up funds.
BUYING EQUIPMENT AND MATERIALS
After sourcing for funds and capital, the next step for you is to buy basic necessary equipment and materials you will require for your business. Most of the business metioned above do not readily need to be run from shop or an office. You can start small in your room on campus or anywhere, and thank God for telephone you will mostly be called if your service is needed.
- Proper book keeping and accounting
- You will be required to have good records of your expendicture and income. This will enable you keep track of profit and loss.
ADVERTISING AND PUBLICITY
You will need to invest in light weight advertising like handbills,stickers,classified adverts. This works! You will also be required to make complementary cards to give out to people as you tell them of your business.
CREDIT FACILITY
The easiest way for any business to collapse in un-due credit. Try as much as you can not to cut down on credit that you give your customers as this can fold-up and crumble your business.
SAVINGS
It is very wise to save part of your profit, and this can be done with a reputable micro-finance bank. These bank can help you grow your business if they see that you maintain a healthy account with them and that your business is a viable one.