What unique business should I start?

Is a very common question many people ask!

Many people come to Facebook and post amounts of money they have, and ask what business they can do using that money.

Well, first and foremost, ‘the general rule' is that all businesses are profitable. It's just a matter of choosing which one suits you best, based on the following brief points: [In no particular order]

1. Passion:

Remember Business is not for everyone. Something in you needs to trigger an Entrepreneurial spirit if you want that business to prosper. Don't do business solely based on need to survive. Do it because you love what you want to do. With that spirit, money will follow you.

2. Availability of time:

Will you run it part time or full time; due to work, school, family etc.?

3. Target market:

Who are your potential buyers based on what you feel you would like to venture in, are they High, Medium or low income earners? Are they the type that are likely to pay cash or on credit?

4. Location:

Is it a busy area? Is it in an urban area or not?

5. Cost of production:

What does it take for you to produce what you want to sell, does it require lots of Capital?

6. Production process:

Is it just buying and reselling or its value addition hence making changes by converting a product from its raw form into a finished product? E.g. Raw T-bone into grilled one or Mealie meal into Nshima etc. This will guide you on knowing what equipment you will need.

7. Labour:

Will the nature of the picked business need lots of employees or you’ll rather just do it from home and offer delivery services?

8. Frequency of product need or service:

Is it the once off purchase type or re-occurring? E.g. is it Computers where it will take time for the same customer to buy from you or maybe food where the same customers can buy from you every day? This will guide you on the design of your business premises.

9. Is the money that you have to start the business also enough to carter for logistics and other indirect costs?

These are some of the most critical factors you need to consider before deciding which business to go into.

Feel free to add or subtract!!

- Nancy Yikona

Comments

Growing Cabbage in Zimbabwe and Zambia

Growing cabbage in Zimbabwe and Zambia requires careful consideration of the climate and soil conditions, as well as proper planting and care techniques. This article provides a comprehensive guide on how to successfully grow cabbage in these regions. From the ideal temperature and soil pH requirements to pest and disease management, as well as harvesting and storage techniques, you will find all the information you need to cultivate healthy and abundant cabbage crops. Read on to discover the key takeaways from each section. Key Takeaways Understanding the ideal temperature and soil pH requirements is crucial for successful cabbage cultivation. Proper watering and irrigation techniques are essential for maintaining healthy cabbage plants. Choosing the right cabbage varieties for the specific region can significantly impact crop yield. Careful soil preparation, seed sowing, and transplanting techniques are important for successful cabbage planting. Effective pest and disease management ...

Staking and Pruning Tomatoes in the Home Garden

Staking and pruning tomatoes are essential practices for maintaining healthy tomato plants in the home garden. By selecting the right tomato varieties, preparing the garden properly, and employing the correct staking and pruning techniques, gardeners can ensure a bountiful harvest of delicious tomatoes. This article will provide key insights into staking and pruning tomatoes to help you achieve successful growth in your garden. Key Takeaways Select disease-resistant tomato varieties to prevent common plant diseases. Amend the soil with organic matter for optimal tomato growth and fruit production. Properly stake tomato plants to support their growth and prevent damage from heavy fruit loads. Regularly prune tomato plants to remove suckers and maintain airflow, which can improve fruit quality. Avoid over-pruning tomato plants as it can reduce yield and stress the plants. Selecting the Right Tomato Varieties Determining Your Growing Conditions ...

How to Grow Green Leafy Rape

Rape (Brassica napus) is the most widely eaten vegetable in Zambia. Rape (Brassica napus) is a versatile leafy vegetable that can be used in a variety of recipes. The most common way it is prepared is by slicing it thinly then cooking them in oil with some tomatoes and a pinch of salt. Rape and kale are then enjoyed as a side dish with the staple pap and meat. What makes this a must-have vegetable in your garden or farm is that it can be grown all year round (though it is better suited to the cool season), and it is a steady, high-yielding vegetable that can guarantee you a constant supply of income. It is also suitable for urban farmers because it requires limited space. If you are ready to grow these luscious green leafy vegetables then follow the guide below. Climatic and soil requirements It is typically planted in early February but April is considered the best time to plant it. It does best at temperatures of about 15 to 20°C during the day and night temperatures of 10°C...

Zambia Agribusiness Society

Search This Blog