Starting a provision shop business in
your area can be very profitable if it is done in a proper way. A provision
shop is a place where you can buy beverages and other provision items.
Provision shop is very useful in the neighborhood. On this article we are going
to discuss the simple steps on how you can setup a profitable provision shop business
is your area. The following are what you really need to start a provision shop
business in your area;
1. Capital: Provision shop business
requires capital to start. You can secure a loan from any commercial bank or
microfinance bank in Nigeria.
2. Choose a name for the business:
Choose a unique name for the provision shop. The name should be simple. Examples
of provision shop business name are; Excel store, Original Markets Shop, etc.
3. Secure a shop in a very good
location: Make sure you rent a shop in an environment where a lot of people are
living. If you want to start the provision shop business in a big way you can
rent a big shop. Make sure the shop you are renting is located in a strategic
location. The location of the shop can determine the success of the business.
4. Furnishing the shop: After renting
the shop you need to paint the shop, install shelf, fix tables, put a
refrigerator, etc. if you have enough money you can install air condition.
5. Putting goods in the shop: This is
the area you need to really invest money. Putting goods in the shop actually
depends on the amount of money you have to invest in the business. If you are
in Lagos, one of the best places you can get cheap goods to buy and stock in
your shop is trade fair. Lagos trade fair is one of the largest markets in
Nigeria.
6. Promotion and marketing: One of the
easiest ways you can promote your provision shop business around your area is
through word-of-mouth marketing. With time goes on you don’t need much
marketing.
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