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Five Fastest Growing Small Scale Businesses In Nigeria

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A few years ago and these businesses probably wouldn’t be ‘socially adequate’ but today, they seem to have taken the center stage when it comes to footing the bills. These businesses have today become the fastest growing businesses to own in the country.

There are a lot of business ideas in Nigeria than you could imagine; the only restraint is people’s concern with regard to the life span of these businesses. Here now are five fastest small businesses that are rapidly taking over the Nigerian market. Don’t be scared, they are small scale businesses that require a little start-off dough but in no time, rakes in big bucks

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Restaurant

Food is one commodity that is always in the market regardless of economy and market conditions. Going into restaurant business in Nigeria today would be a smart move business wise. You could brush up on your kitchen skills for a more successful venture if you feel that your cooking is average or lower. On the other hand if you are confident of your cooking skills, make plans, get the necessary documents and set up shop.

Bakery

Snacks and confectioneries also never go out of ‘fashion’ in the market. Celebrations are always around the corner placing the demand for cake and other baked foods very high. The baking industry is one of the fastest growing ones in Nigeria today. You could start small and in no time grow bigger than your expectations. A lot of baking and catering schools are available over the country where you could register for a few months course to get started.

Web/graphic design

Graphic design is growing fast; you should join the train right now! The future prospects of this line of business are great considering the incline of the country towards technology. The exciting thing about it is that you can get an ‘on-the-job-training’ online. It requires little to zero capital but depends highly on networking.

Gym/fitness center

The desire for a great figure is becoming more and more evident in the Nigerian population today. It was usually more so for the ladies but even the men are consciously making efforts to tone their muscles. This business might require more in the finance department than other small scale businesses but produces as much with regards profit. It is imperative in this line of business that you get some sort of training because you cant impart knowledge in someone that you don’t possess.

Bar/wine shop

Whether retail or wholesale, drinks are quite ahead in the most demanded goods list in Nigeria. Almost every evening (if not all), people are hanging out with friends to take a drink or more. Going into sales of wine/beer is one business that is not about to go extinct just yet. In fact, the demand for them seems to always be on the rise. This is a promising small scale business idea. If you aren’t exactly a connoisseur, you could simply seek advice form someone already in that line of business. The most important part of this business is location. Ensure that you are located in an area that is best for it.

The most important thing is to ensure that you have the right documents to set up these businesses, the right location and that you are best equipped for the job. If there is need to employ other hands, do not hesitate.

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