ALL YOU NEED WHEN STARTING YOUR OWN SMALL SCALE BUSINESS

ALL YOU NEED

VISION

Get a clear picture of what you intend to accomplish in the end and a road-map to achieving it. When your vision is very clear to you, it helps you to move confidently towards manifesting your dream.

IDEAS

A lot of ideas will run through your mind as you meditate and make research concerning your dream and vision. As soon as the right ideas come, guide them jealously until they take firm root in you. Your idea will lead you to what to do and how to go about it.

PLAN

This involves mapping out the necessary steps to take towards translating your idea to reality. It brings order to the process of achieving your dream. At this stage, the likely problems to be confronted with the opportunities to explore, the positive edge of the business above others and weak points of the business will all be revealed. The effective handling of these components should be clearly catered for in the plan. It is not out of place to have one or two back-up plans to take care of unforeseen future problems.

FOCUS

Success does not come on a platter of gold. Circumstances will arise to quench the fire and zeal in you. But you have to be focused and resolute in your belief concerning your vision. Being focused also involves eliminating any other attractive pursuit.

PASSION

This involves giving your dream all your heart. This will propel you into dissipating your mental, physical, emotional and spiritual strength into achieving that dream you believe in.

HARDWORK

If your dream must come to reality, you must be prepared to work hard. Have you heard that life does not give you what you deserve; it gives you what you demand of it. Don’t relent in hard-work.

DEVELOP YOURSELF

Learn new things about your area of interest and specification every day and apply it to your business.

BEING AN ENTREPRENEUR

An entrepreneur involves owning and managing through the initiative and managing of the risk with the goal of making profit. You must be an innovator, a good private risk taker, who sees profitable opportunities, develop and set up plans in order to achieve his desired objectives and goals. Desire to be your own boss and you are an entrepreneur.

BEFORE TAKING OFF

Most new business collapse because of inadequate, improper planning and preparation. To achieve your desired objective in business, you need every relevant information on the new business idea and make plans according to the information you gathered.

Here are some layouts;

1.  Please, you must have a summary of your business idea in cleared, easy to read, easy to understand outline manner.

2. Ensure that the precise description of your business solve a particular problem in your environment and at large.

3. Make marketing plans on your products or services will be sold to identify and targeted customer profitably. This includes the details of the product or services to sell, the price to charge, the location of the business, distribution and the method of distribution and how to promote the product and services.

4.     Know the kind of business you are embarking on be it a sole proprietorship, partnership, limited liability, cooperatives and the like.

5. Consider and detailed the staff needed, their experiences, remunerations, etc.

6. Now the legal documentation and requirement for the business.

7.     Here are some legal requirements;

8. Legal responsibilities: some of it includes the payment of taxes, license and permit and contract Memorandum of Understanding (MOU) between the parties involve.

9. Insurance policy: Most time it is important to get insurance cover for your business. Find out more here

10. Social responsibilities: every business has both internal and external responsibilities which include ensuring that the operation of business does not disturb or harmful to the well being of their owner(s), employees, customers, government, community and the society.

11. Do and know the overall cost of production of goods and services for it will assist you in fixing the sales prices for your products and services.

12. Estimate your future financial planning for cash flow. This means how you expected cash to go in and out of the business within the time period covered by the plan.

13. Know your initial capital and the source of getting it.

SOURCES MAY INCLUDE;

Owners equity: that is the contribution(s) form your private or personal purse. The beauty of it is that it does not put pressure on you on how to repay.

Loans: borrowing and lending of the initial capital to take off, which probably comes with interest depending on the source. A good feasibility study can convince the lender(s) about the viability of the business proposal and grant you the loan which sometime they might demand collaterals.

Grants: sometimes the government and non-government organizations give out money as grants or allowance to support small scale business enterprises.

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ALOE VERA GEL (MOUSTURIZER) PRODUCTION

ALOE VERA GEL

From time memorial, Aloe Vera gel had been found useful for a wide range of cosmetic application, food processing industries and drug manufacturers are left out.

Countless research has been conducted, and the host is still being conducted on the use and benefits of aloe vera plant and it extract. Without doubt, it chemical properties has proved to be an effective medicinal agent.

Aloe Vera helps in the treatment and maintenance of various skin conditions. Wounds, skin burns, skin ulcer skin infections and  irritations like eczema, dandruff, canker sore, genital herpes and e.t.c, are in the list of common skin conditions that it can treat.       

Today, the demand of aloe vera gel by various industries (cosmetic, food processing and drug) as a primary raw material for their production processes is relatively on the high side.

You can tap into the gold mine by cultivation aloe vera farm, and sell to cosmetic industries. You might be surprised at the rich outcome of your venture. You can also start your own small business of Aloe Vera Gel (moisturizer) production, Aloe Vera Gel Soap production from your own Aloe vera farm.

ALOE VERA GEL PRODUCTION EQUIPMENT

1.     Washing Compartment.

2.     Measuring Cylinder.

3.     Knife.

4.     Mixing machine.

5.     Gel separator.

6.     Blender.

ALOE VERA GEL PRODUCTION RAW MATERIALS/QUANTITY 

1.     Methy Paraben                        100 grams.

2.     Aloe Vera leave (Gel)             10 litres.

3.     Citric acid                               200 grams.

4.     Propyl paraben                       100 grams.

5.     Water                                      10 litres.

ALOE VERA GEL PRODUCTION PROCEDURES AND PROCESSES

1.     Wash your Aloe Vera leaves in the washing compartment.

2.     Feed Aloe Vera leave into the gel separation or use your knife and cut the leaves

3.     longitudinally and collect the gel with spoon.

4.     Transfer the gel into a mixer and blend properly.

5.     Transfer the already blended gel into a mixer, add water and start mixing until well blended.

6.     Add the other materials and continue stirring.

7.     Package and store in non-transparent container.

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LAUNDRY SOAP PRODUCTION

WHAT DO I NEED TO KNOW?

Soaps are essential commodities in every household. We all have reasons to use soaps everyday; be it bar soap, detergent, or liquid soaps. Irrespective of your categories or state or status, you are bound to use soap for lavations, for floors, plates and various domestic chores. 

The good thing about the soap production is that it is a viable business since there are immediate users and also long term consumers are certain, durable and long wearing.

 One could start it as a small business, it can also be a big business, just as big as anyone can imagine as long as you have the capital and a good quality product to market. Starting laundry soap production as a small business can commence from a small room in your apartment. 

Today, governments of some developing and underdeveloped nations of the world place ban on the importation of some certain products in order to encourage the growth of infant industries within their country of residence.

This can be a blessing in disguise for those who can reason and see it as an opportunity and fill the gaps caused by the lack of certain imported goods and services. Such is the case with laundry soap making production. 

This might therefore be the opportunity you are waiting for to make money handsomely by filling the needs of your immediate environment and the larger society when the time comes to grow big in laundry soap production.

The demand for laundry soap and its production is increasing by the day. You could learn soap making production within a day or more. You can learn by reading and following simple lay down procedural rules from scholars and professionals.

Laundry soap production can commence from a small room in your apartment or if you so prefer, it can start from your kitchen. 

Should you need more knowledge, you can get a soap making manual from  Amazon.

With a start of capital of about N 30,000 to N 50,000($300 and above) for a small cottage industry,

Between N 50,000 and N 150,000 ($300 and $1000) for small scale,

And N1 50,000 to N250, 000 ($1000 and $1500) for medium scale laundry soap production

For large scale production or if you are thinking of starting big, consider this  

MINIMUM COST OF INVESTMENT IN NIGERIA NAIRA VALUE AND DOLLAR APPROXIMATION

	N
Equipment and Fittings	15000
Raw materials	15000
Other expenses	15000
Total	45000

	$
Equipment and Fittings	100
Raw materials	100
Other expenses	100
Total	30

WHAT MATERIALS DO I NEED?
The ingredients for laundry soap production can be sourced locally or online if it is proves difficult to get it locally.

They include;

1.         Palmkernel oil,                                                                                          
2. ·        Fatty acid,
3. ·        Tab oil,
4. ·        Shearbutter,
5. ·        Causticsoda,
6. ·        soda ash,
7. ·        Sodiumsulphate,
8. ·        Kaolin,
9. ·        Silicate,
10. ·        Perfume
11. ·        Andcolorant.
12.     Mold  

 click to buy your  materials and Soap Making Supplies on Amazon

For someone with little start up capital as in this case, you can make do with your kerosene cooking stove, two medium sized pots, 4 buckets, cutting knife and  laundry soap mould which can be constructed by welder. Better still you can source for all this online by clicking the button below

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