Nigeria Business Club

Nigeria Business Club is working for real contacts in business with Nigeria. I am working 8 years in China in international trade and my partners in USA and Europe. We work on projects now in Nigeria for investors and partners.Nigeria Business Club is platform for business people to connect each other through online networking, at business networking events and one to one meetings - a community that advocates, connects and helps one another. Our club is only for active members what means we will have meetings and Events in Lagos Nigeria in business hotels and event centres. In case of business contacts our members are ready to confirm that that company is no fake or 419 trick. We have the right to proof all members before they start any contacts in Nigeria Business Club.
Make new business contacts by partners of Nigeria
* Advertise your services nationwide and globally.
* Get save business support & advice and consulting
* Meet at business networking events
Opportunities through networking events:

* Global networking - attend offline networking events around the world
* Run your own business networking events to become more visible make more
contacts on a save platform in circle of business friends
* Get to know people face-to-face - not just online

Starting a Business in Nigeria Business Club

New Business Club Business owners often have the same concerns as new parents.

Will I be successful?
Who has done this before and can advise me?
Where will I get the financing? What help is available, and how much will it cost?

All those concerns seem to hit at once.

Most of those who succeed in starting a Business Club Business have planned for every phase of their success. Thomas Edison said, "Genius is 1 percent inspiration and 99 percent perspiration."

That same philosophy also applies to success in any Business Club Business.

To enhance your chances for success, first generate a little bit of that perspiration to eliminate the most common mistakes new business owners make. According to the experts, most novices should spend a great deal of time researching their potential businesses and the marketplace.

Before starting a Business Club Business Plan you must be able to answer these basic questions

What niche or void will my business fill?
What services or products will I sell in my Business Club Business?
Is my idea practical, and will it fill a need?
Who is my competition?

What is my business’s advantage over existing Business Club Businesses?

Can I deliver a better quality service?
Can I create a demand for my business?

And once you have answered these then consider:

What skills and experience do I bring to the Business Club Business?
What will be my legal structure?
How will my company’s business records be maintained?
What insurance coverage will I need?
What equipment or supplies will I need?
How will I compensate myself?
What are my resources?
What financing will I need?
How will I pay it back?
Where will my business be located?
What will I name my business?




Research Resources

Some questions you will be able to answer on your own. Others will require careful research. There are many sources available to help you find the answers and make informed decisions.

tade association studies,
journal articles and
trade shows;
regional planning organization studies on growth trends;
banks,
realtors and insurance companies; and
customer surveys in your market area, which you can conduct on your own or which may already exist.

The Business Plan

Your Business Club Business Plan should cover the business basics from goals to management, from marketing to operations. A business plan is a blueprint for success, so don't scrimp on the details. A good business plan covers the following areas:
Executive Summary

Describe in detail the business and its goals.
Identify the business ownership and the legal structure.
Discuss skills and experience you and your partners bring to the business.
Identify advantages you and your business have over your competitors.

Operations

Explain how the business will be managed on a day-to-day basis.
Discuss hiring and personnel procedures.
Discuss insurance, lease or rent agreements, and issues pertinent to your business.
Account for the equipment necessary to produce your products or services.
Account for production and delivery of products and services.

Marketing

Describe your product or service.
Identify the customer demand for your product or service.
Identify your market, including its size, location and demographics.
Explain how your product or service will be advertised and marketed.
Explain your pricing strategy.

Financial Management

Explain the source and amount of initial equity capital.
Estimate start-up costs.
Project operating expenses.
Develop a monthly operating budget for the first year.
Develop an expected return on investment and monthly cash flow for the first year.
Provide projected income statements and balance sheets for a two-year period.
Discuss your break-even point.
Explain your personal balance sheet and method of compensation.
Discuss who will maintain your accounting records and how the records will be kept.
Provide "what if" statements that address alternative approaches to problems that may develop.

Understanding Your Market

Market evaluation is critical and provides the basic data that will determine if and where you can successfully sell your product or service. This process involves defining your goals, scrutinizing your competition and your customer base, and interviewing potential suppliers. The information collected can help you, if necessary, adapt your product or service to better meet customer needs. Market research can help you:

create primary and alternative sales approaches to a given market,
make profit projections from a more accurate database,
organize marketing activities,
develop critical short- and mid-term sales goals and establish the market’s profit boundaries, and
identify what makes your business different from similar businesses with similar products.

Questions To Ask

Your research should answer these basic questions:

Who are your customers?
Where are they located?
What are their needs and resources?
Is the service or product essential in their operations or activities?
Can the customer afford the service or product?
Where can you create a demand for the service or product?
Can you compete effectively in price, quality and delivery?
How many competitors provide the same service or product?
What is the general economy of your service or product area?
What areas within your market are declining or growing?