Starting an exercise book production
business in Nigeria is a very profitable business. In Nigeria exercise book production business
has been into existence for a very longtime. Exercise books are one of the most
important items every student need in school. This is actually the major
reasons why several entrepreneurs in Nigeria went into the production of
exercise books. On this article you are going to learn how to venture into
exercise book production business in Nigeria.
Steps on how to start exercise books
production company in Nigeria
1. Carryout a proper research: There is
need for you undertake some vital research, actually this will help you start
out well informed. Your research involve learning about the type of people who
are in the business, also how they were able to raise startup funds for the
business, which people are they producing the exercise books for, where are
they getting the raw materials from, and final how much in general does
starting the exercise book production business gulp and what do you have. These
are the research you need to carry out.
2. Become an apprentice: After carryout
research about the business you need to become an apprentice to someone who is
into the business. You need to become an apprentice to a reputable exercise
book production company so that you can really see how things are operated
yourself. You will also learn the various dimensions and measurements which are
being used.
3. Write a business plan: Drafting a
business plan is very important, this is what is going to help you start and
run a successful exercise books production outlet. This is where you may
actually require the services of an expert who will help you see that things
are put in place. The expert may charge you a little fee for its services. Your
business plan must have details like how much you really intend to start the exercise
book production business with. The numbers of machines you want to start with
and in the future how many you should have grown into. Also the amount of
workers you want to start with, as well as future projections.
4. Location for the business: This
particular business is not something that you can easily pull off at home, because
of the noise that comes from the machines used in printing and cutting the
papers. To actually cope with such noise in a residential apartment is not
easy. If you can actually cope with the noise, then good and fine. But if you
cannot you may need to look for a shop or space to start the business from.
What you need to do is to look for a realtor and discuss with him/her on the
kind of space you want and also the location you want the space to be.
5. Purchase the necessary equipments: If
you have gotten a good place and location for the business you may now proceed
to acquire all the machines needed. You need to purchase a cutting machine, a
printing machine, and a plant. Also you need some air conditioners or fans so
that the space will not be too hot when work is in progress.
6. Employment of workers: This business
is a business you can’t just run all by yourself. It is very important you hire
some operators and workers. Just make sure that these people are very
experienced so that they do not spoil things for you.
7. Promoting the business: It is very
important that you have solid marketing strategies in place, because there are a
lot of exercise books that are already being sold out there. What you need to
do is to visit schools to tell them about your product, and you need to also
tell some wholesalers in the bookshops as well as the open market about your exercise
books. One of the best marketing strategies to penetrate the market is by giving
some free copies of the exercise books.
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