You have a little capital, so you should think about a small business.
It’s better to make a detailed analysis of all needed requirements, Nigerian market feasibility and other things can help to start your business.
We also advise you to download series of industry-specific sample business plan templates. Starting a business in Nigeria cannot be called a luxury but a real necessity for everyone whose aim is to get huge profit and become, for example, a millionaire.
This is a good motivation for starting your business in Nigeria. There are a lot of people who can patronize you especially in the big cities like Lagos, Onitsha, Abuja, etc.
There are some clear advantages in business in Nigeria: the heavy taxes which some entrepreneurs complain about, cannot be compared with the sums in some other, even African countries.
There is no specific recipe for business success in Nigeria or any other country, however, there are several lessons that can serve you as a guide.
They are based on the experience of several successful companies and include a detailed market research in order to choose the right strategy, demanded product and reliable partners.
It is important to build and maintain good relations with stakeholders. Business should be flexible and open, with a long-term perspective, and, of course, does not contradict the laws regulating entrepreneurial activity in the country.