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Stats: 209 members, 212 topics. Date: Friday 18th August 2017 at 12:08am

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Sports Trading / Re: Make #50,000 To #100,000 Monthly From Football Betting With Ease by Ikoiikenna: 04:23am On 4 Apr
Nelzon25:please sir i need your help in football betting because i have really loss so much money in this business. my email is : egbunikenelson@yahoo.com
Thank you sir


Sent. Please check you mail. Don't forget to share out this forum to your friends in all ypur social network, invite people to join West Entrepreneur.

W.E/General / Re: People That Benifits From High Exchange Rate Of Dollar by Ikoiikenna: 04:05am On 4 Apr
Nelzon25:How i can start a small scale exportation business here in Nigeria.
Thanks.


With Westentrepreneur.com startup is simplified. We will provide you with all the information you need on the said business. Steps to take: simply create a post asking this your question above, all W.E members will reply with useful information and I W.E will also provide you with an EBook on a-z of Import and Export business all for free. So just create a post asking this question under importation and export board above.

W.E/General / Re: People That Benifits From High Exchange Rate Of Dollar by Nelzon25: 04:54pm On 4 Apr
How i can start a small scale exportation business here in Nigeria.
Thanks.

Sports Trading / Re: Make #50,000 To #100,000 Monthly From Football Betting With Ease by Nelzon25: 04:43pm On 4 Apr
please sir i need your help in football betting because i have really loss so much money in this business. my email is : egbunikenelson@yahoo.com
Thank you sir

Manufacturing/ Production / How To Start A Profitable Toothpick Production Company by ikoiikenna: 11:13pm On 4 Apr
Toothpick production business is a business that is underestimated by most people and entrepreneurs, a lot of people don't even consider it as a form of a business idea which makes the business a less competitive one. The toothpick is a short pointed piece wood or plastic used for removing bits of food from between the teeth.

I am sure you will be wondering how can one go into such business and make a profit out of it. The simple answer is yes. Yes, you can make good money from this business and I guarantee when you get in, you are sure to see your return on investment in a short period of time.

Read on as this article will show you how this toothpick production business is the perfect business opportunity for you. Here are the business samples:

1. GET A BUSINESS PLAN: The importance of having a business plan before starting a new business cannot be over-emphasize and the fact that it sounds easy to get into this business does not mean you should ignore having one. A well -written business plan should be able to help you stay focus to achieve set business goals. Your business plan should also give you a clear picture of your start up cost, targeted buyer, fellow competitors and future growth of the business.

2. Toothpick Production CAPITAL: One does not require huge capital to get into this toothpick production business, this is one of the areas I believe your business plan you would have covered so you know before hand the amount needed to officially launch the business. If you don't have the capital at hand, then try to apply for a business loan from microfinance banks or get into BUSINESS PARTNERSHIP (a website) for private investors and find someone who will invest in your business.

3. GET A BUSINESS LOCATION: It is always advisable to site your business location in areas that are accessible and convenient for both you and potential customers. This means that you should find a space that is affordable and motorable, also consider other things like if it's close a market, hotels, restaurant, school and the rest before agreeing to rent it because potential buyers can easily be seen and approach in such places.

4. GET YOUR RAW MATERIALS READY: When you have secured your location, the next thing to do is find ways to purchase the raw materials you will be needing for production or better yet, find a wood supplier that will be supplying you with either bamboo wood or hard wood because those are the type of wood suitable for making the toothpick. One advantage of this business is that the raw materials are locally available in most rural areas, so you are sure of having a steady supply of your materials.

5. PURCHASE THE NECESSARY EQUIPMENT: Toothpick production needs the use of certain machines to facilitate smooth operation. Like, a sharpening machine, splitting and polishing machines and a stainless steel for packing. You also need a set of small or medium sized plastic bottles and hand gloves.

Note that, it is not a must to purchase all the equipment listed before you can get started.

6. MARKETING: Once you are done with production, start taking your product to places where know potential buyers are, like, hotels, fast food places, big restaurants, local canteens, and supermarkets. You can approach individuals on the road side and get them to buy for their personal use. If you are in Nigeria and a Nigerian, don't forget to market your product to those mallams that sell suya (barbecue meat) by the roadside at strategic places in town, those mallams are the major buyers of the toothpick.

Take advantage of any opportunity, be it small or big and market your product. Remember to grant your customers discount periodically in other for them to stick to you.

And that is all there is to get you started on the making of a toothpick. So got get started and make that money.

FOR BUSINESS PLAN/ FEASIBILITY REPORT ON THIS BUSINESS CONTACT US

Agriculture / How To Start A Profitable Groundnut Farming Business by ikoiikenna: 12:57pm On 4 Apr

Groundnut is a crop that is high in demand because it's very useful in the economy and proteinous for the body. Groundnut can be used to make varieties of other product such as peanut butter, chocolate candy, groundnut cake, groundnut oil, peanut butter etc. Groundnut takes about four(4) months to mature and can be cultivated twice in a farming season.
Let's look at the steps to take to start a lucrative groundnut farm business. You need to first;

Purchase a Farm Land
You can get a good plot of land on the outskirts of town for a good price of about ₦300,000 (this applies to most states in the country). Get a Farm Land, seek the service of one or two locals and pay them to help clear and drain the land.
Groundnuts

Till the Soil
You can either do it yourself and save some money or you hire workers to do it for you for a token.


Purchase Seed
Once you have gotten your farmland cleared and well-drained, the next step is to purchase groundnut seeds. You can always get groundnut seeds to buy at the market if you don't have any. The number of Seed you will buy depends on the size of your farmland. You can get seeds for about ₦500 depending on which part of the country your land is.

Plant Your Seeds
Best time to plant your groundnut seeds is in March when there must have been rainfall on the land. When planting, give space for at least 30cm for each Seed to yield a good crop.

Weeding
Wedding occurs when the plant starts growing after four weeks. You can clear unwanted plant growing around the groundnut and still use it to serve as natural fertilizer for the plant.

Cultivating
If you plant in March, harvesting should be around June or July if you want the groundnut to mature very well. If all goes well, you should be able to harvest about 100 large bags of groundnut.

Storage and Sales
Once you are done the harvesting, the final step is to store the groundnuts in a cool and dry place. Your next assignment is to find out how much a bag of groundnut is sold in the marketplace.
Let's say a bag of groundnut sells at the price of ₦5,000 and you have a hundred(100) bags harvested. So ₦5,000×100 -- ₦500,000
Subtract other expenses made and the money invested, your profit will still be a reasonable amount.

And this is only for the first three to four months, imagine what you will make in the other quarter of the year; this is not a bad investment I must say. So what are you waiting for? Get started!
Refrence:www.abodebusiness.com/2016/10/starting-groundnut-farming-business.html

Business Plan / How To Obtain A Business Loan To Start A Business by ikoiikenna: 09:07pm On 4 Apr
While it is not as easy as it used to be in securing a loan, all bank and other lenders still need to lend money to small businesses. The point here is to know how to go about it and secure the best terms. Here is a simple process on how to obtain a loan for your business:

1). Start the business before the loan is needed. It is important to build a relationship with the bankers before the business actually needs to loan. Ensure the key contact get to know about your business before asking for any anything. Have it at the back of your mind that people do business with who they know, like and trust. Lenders think the same way.

2). Decide what the money is needed for. Businesses have various reasons for obtaining business loans. It could be for a good reason or a bad reason. Good reasons include financing a piece of equipment, real estate, long term software development or large seasonal sales variances. Bad reasons include financing ongoing losses, office build outs, or acquiring non-essential business assets. Ensure you ask for a loan for the reasons.

3). Decide the Amount of Money the company needs. Most small businesses don’t ask for loans that is enough to take care of their needs. Underestimating the amount of money needed can lead to lack of working capital earlier than expected. Overestimating can make lenders doubt the owner’s assumptions and credibility. Have a good plan out a budget that is backed up by financial projections such as Profit or loss statement and cash flow statement that is reasonable and shows that financial analysis was done.

4). Know the score. Lenders also look at personal credit scores as a way to judge the reliability of the owners to pay the credit back. Lenders will look at your credit history when they calculate your credit score, which will show them the level of risk in lending you money. It is important to know that lenders look for and how the score compares to those expectations.

5). Find a Lender. Find out which type of lender is the best fit for the business loan you require. Examples of such lender are commercial banks, Non-bank lenders, region specific lenders (Local community) and micro and alternative lenders.

6). Prepare the Loan Application package. The loan package application is the paperwork that needs to be submitted in order to apply for a loan. It normally includes:
• A business plan and the business owner resume.
• Financial results and projections such as projected profit or loss statement, statement of financial position (balance sheet) and cash flow statement.
• Personal financial information and three years tax returns.

7). Get a guarantor to cover you.A guarantor is a person who guarantees to pay the bank in the event that you are unable to repay the loan and any interest it accrues. This usually gives banks assurance they need to classify your loan application as low risk.

8). Wait. Expect to get an answer within a stipulated period of time. Ensure you check in each week for status. It is most likely that the lender institution may require additional documentation.

Getting a loan for helps the business grow quicker.

W.E/General / All Fingers Are Not Equal? Be The Middle Finger by ikoiikenna: 06:16am On 4 Apr
The society has found several means to her restrictions, many phrases have been invented to serve as a shock absorber when failure hits giving unrequited comfort amidst failure.
Most unfortunate to the greatness aspirants is that most of this phrases are debilitating, they steal from us, they suck us off our energy to succeed.

Of such phrase are- ALL FINGERS ARE NOT EQUAL.

I realize that even more discouraging, that many of today's youth have thrown in the towel on this account, many have succumbed to this negative phrases and it likes.

I won't debate if its true or not, the question is what does that have to do with you?
Okay assuming it's true that ALL FINGERS ARE NOT EQUAL then THEN I MUST BEE THE LONGEST/ THE MIDDLE FINGER.

I must be the great irrespective of what the society says, I must be successful irrespective of the failure around me, I must achieve my goal no matter how high the odds get and that goal is greatness never a mediocre.

So if all fingers are not equal my friend you must be the tallest/middle finger. Just like the image illustrates. Be not a spectator rather be a world changer- Never be restricted. Happy Sunday.

Web Design / Top 10 Online Shopping Sites In Nigeria by Ikoiikenna: 07:17pm On 4 Apr
Since inception, Nigeria online stores have gained more grounds and are now as serious as ofline business. Large percent of of Nigerian population now prefer shopping online and have it billed to their door steps rather than going to an offline store.

Following the positive revolution towards online stores in Nigeria that took place in 2014, Nigerian online stores are making a leap just like the Ebay, Amazon etc. gone are the days one have to change Naira to dollar, register for PayPal and have to go through proxy hassle just to shop and buy things online neither will they wait for months for their goods to arrive Nigeria.

Nigerians now enjoy through online stores just the same goods of equal quality in Nigeria at cheap and affordable prices; best of it is the option to pay only on delivery which no international online stores offer.

Below is a list of top 10 Nigerian Online stores According to product availability, customer service and trust for satisfaction and quality product delivery. This list is numbered based on the Alexa ranking of the site.

Please note that there are many other Stores aside this list, the fact that any or one of they didn’t make it to the list doesn’t mean they are not legitimate, this is just top ten. You can also add your best online stores to the list using the comment box below.

1. Jumia.com.ng Top of the is Jumia- jumia is a Nigerian online store site founded in 2012 by a group of individual including Jeremy hodara, sacha poignonee, tuned kehinde, Raphael afaedor and Leonard Stiegeler with funding from rocket internet. Jumia as an online shopping site offers wide range of electronics, fashion, home appliances and kid items product for sale. The head office is currently located at Lekki in Lagos State Nigeria. Jumia offers effective site platform that enable you to order product and enjoy product and enjoy free delivery or delivery for a token depending on ordered product and distance.

2. Konga.com Konga is another online store competing at the top, founded the same year as jumia (2012) by Sim Shagaya with 20 staffers. Konga focus on merchandise spanning various categories including consumer electronics, home appliances, books, fashion, children’s item, computers and accessories and personal care products. Konga head office is at Alausa, Ikeja, Lagos State Nigeria.

3. Jiji.ng Jij is a secure online store that allows individuals to buy and sell any product or services effectively in Nigeria. Jumia deals on all kinds of Electronics, gadgets, Home appliances computers etc.

4. Kaymu.com.ng Kaymu is my favorite online store with regards to jewery in Nigeria. Its head office is at Lekki in Lagos offering sales of jewelry, home appliances, mobile phones and vehicles. Kaymu offers multiple sellers item list for sale and you can pay via internet banking, bank deposit or payment on delivery.

5. Dealdey.com This is another online store founded by Sim Hagaya (founder of Konga) but in 2011, a year before konga. Its offers varieties of products for sale as synonymous to Konga.

6. Mystore.com.ng Is a secure online shopping store offering sales of mobile phones, fashions, electronics and home appliances.

7. Taafoo.com.ng Taafoo has its head office in Oregun in Lagos state but delivers goods nation wide. It offers sales of fashion items, mobile phones, gadgets, computers and household appliances.

8. Kara.com.ng Kara offers Nationwide Delivery with head office at Ikeja in Lagos State Nigeria. They offer items like home appliances, mobile phones, power systems and computers.

9. Regalbuyer.com.ng Regalbuyer is an online store in Nigeria offering sales of phones, computers and electronics. They receive payment via credit or debit cards.

10. Gloo.ng Is also a Lagos State based online store. Gloo.ng enables individual to register and sell or buy products online This is our list which is not complete without yours- please use the comment box to add your favorite online store to the list thanks.

Others / Benefits And Reasons To Invest In Renewable Energy by Ikoiikenna: 11:36am On 4 Apr
RENEWABLE OR ALTERNATIVE ENERGY
A lot of focus is understandably on alternative energy at the moment going by the dwindling fortunes of fossil fuel supply. Due to the cost of using fossil fuels such as coal, there are a lot of other great applications of the petroleum therefore making use of it for energy generation is gradually becoming wasteful with the advent of more efficient alternative energy like home solar power or the increasingly common wind farms scattered over the country side in some parts of the world. The focus is on solar installation taking place alongside the other forms of sustainable energy solutions rather than the energy efficiency of alternative energy.

BENEFITS TO THE ENVIRONMENT
Apart from the evident concern for the availability of fossil fuels, there is a rising concern for environmental care. It is important to point out the fact that fossil fuels are not the cleanest and safest source of energy but alternative energy resources on the other hand promote the health of our planet. There is an increase in atmospheric carbon dioxide, known to be harmful to the environment, from greenhouse gas emissions, which is as a result of burning fossil fuels. With all of these issues with fossil fuels in mind, it is not surprising that the demand for alternative energy is higher than ever, with more financial commitment to harnessing renewable sources yearly.

REASONS WHY PEOPLE SWITCH TO ALTERNATIVE ENERGY
There has been an increase in the number of solar installation jobs carried out on home solar power yearly and this is particularly encouraging for alternative energy, which is the current trend away from dependency on fossil fuels. The numerous benefits associated with alternative energy has increasingly become attractive and more available in the last few years with efficiency rising and prices dropping.

Renewable: Alternative energy and renewable energy are terms that have slightly different meaning however they are frequently used in the same context, alternative energy is not renewable most times meaning that there is no threat of the energy running out. For a long time to come and as long as human beings exist, the sun will still be burning in the sky thus paving way for solar power energy.

Environment: Alternative energy sources' environmental sustainability is becoming gradually attractive to people and they are ready to switch to escape the toxic gases constantly dumped into the atmosphere by fossil fuels.

Security: With the help of alternative energy, you as a home/land owner have the opportunity to control the production of your energy by reducing or removing being dependent on the electricity grid thus resulting in stabilized energy prices with the dependence on unreliable natural gas prices considerably lower.

Thus investment in some form of alternative energy such as solar power station considering all the immense benefits that accompany different types of alternative energy in addition to the decreasing solar installation cost it is from all roundification a lucrative business with large profit. Consider investing today!

W.E/General / 5 Ways To Achieve Positive Attitude Towards Life by Ikoiikenna: 10:58am On 4 Apr
As human beings it is very ideal we have positivity in our minds...The following are ways to achieve positive attitudes towards life

*Express you feeling-Let happiness into your life and share it with those around you, by acting kindly and optimistically you can create a pleasant atmosphere of mutual acceptance.

*Forget your worries-Dwelling on negative thoughts and worries provokes internal tension and affect the body.if there is solution to your problem why worry? And if there is no solution to your problem why worry?

*Don't be afraid- Don't forget that many times fear is nothing more than a product of the imagination.

*Face the situation optimistically-A pessimist see an opportunity in every obstacle.

*Don't complain about anything- its not good to complain but rather give thanks and appreciation for what you have.

W.E/General / 10 Proven Ways To Overcome Stage Fright by Ikoiikenna: 10:50am On 4 Apr
Stage fright is a persistent fear or phobia which may be aroused in an individual by fear or anxiety.
Sometimes, some people just feel very nervous and anxious during a performance, public speaking or just anything that needs to bring them out. It often occurs merely on anticipating the program or event for a long period of time. Signs may be pounding hearts, sweaty hands, shaky hands or legs, shaky voice or even dizziness. It is important that we are able to work with our fright and deal with these situations.

Most people are able to overcome theirs within few minutes and regain composure and for others, it’s a lot worse. So then, how do we overcome stage fright?

Sports Trading / Sports Betting Tips: Ways To Double Your Winnings! by Ikoiikenna: 10:58pm On 4 Apr
Tips for the Weekend

Its another weekend of great sporting action. It is also a great opportunity to make some cash from predicting outcome of matches. I will be sharing a few tips which update will be posted at the end of the games. These tips are provided by highly experienced punters from around the globe.

One important fact every punter or predictor should know is that you do not need to combine too many games except you want to depend on luck which the probability of winning is below zero.

Every weekend, except a few games between 4 - 5 odd.

Read here: Make #50,000 To #100,000 Monthly From Football Betting With Ease =>www.westentrepreneur.com/364/make-50000-to-100000-monthly-from-football-betting-with-ease

Warning: Always bet with what you are comfortable losing and must be 18+ to play.

W.E/General / People That Benifits From High Exchange Rate Of Dollar by Ikoiikenna: 03:48pm On 4 Apr
The Naira has been falling against the dollars in a free fall, and only recently a dollar was exchanged at the parallel market for up to N365 and some experts say we might see a dollar exchange up again.

This exchange rate has had adverse effect on the economy of the nation, as some business had fold up as they cannot meet up to some financial obligation due to high rate of foreign exchange. Some companies had also been forced to cut down staff to cut down expenses.

The fall in Naira had also affected importation businesses as the shortage of the dollar and the high rate had made it more expensive to import goods.

But even at this rate, they are some Nigerians who are still benefiting for the high rate of Naira/Dollar exchange rates.
The first set of those people are those earning in dollars or foreign currencies. Here we have the forex traders, bloggers, writers, graphic designers and those who do some online jobs on sites like fiverr, freelancer and other online job sites. These set of people get paid in dollars so they are of advantage at the high rate of Naira/Dollars exchange rates.

Another set of people benefiting from the high exchange rate are the exporters. Nigeria is majorly known for exporting crude oil and they are mainly an importing nation and very few products are exported from the country. But they are some small scale exporters of agricultural, mining and some other products. And these people earn their money in foreign currencies especially in dollars since its main currency for international businesses, so they are of advantage exchanging their earning in dollar to naira at the high exchange rate.

The third sets of people are those working in foreign countries or those getting paid in foreign currency. They are some Nigerian international staff earning their salary in foreign currency based on their contracts, also we have Nigerians working abroad that are taking the opportunity of the high exchange rate to come and invest and buy properties in the country. These people earning are in almost double when they exchange it to Naira compared to what we have last year.

We also have entertainer that benefits from the high exchange rate, most entertainers, especially the musicians, comedians and dancers that perform shows outside the shores of the country especially those in the United State or United Kingdom.

While some are some are adversely affected by the high rate of exchange, some are finding it more profitable.

Business Ideas / 3 Business Ideas & Opportunities To Easily Startup In Nigeria by Ikoiikenna: 09:54am On 4 Apr
There are countless of business opportunities that many Nigerians are not showing interest for, the few that pay attention to some of the opportunities are making cool cash.
Though the risk is high, so also is the reward. Like I said; if you are an entrepreneur with guts to take on business challenges like Richard Branson; then this post is for you.

In recent years most of the new millionaires have been young entrepreneurs and investors who have created promising businesses and invested in lucrative sectors of Nigeria’s fast-growing economies. It’s just a matter of dedication and having focus.
Doing business in Nigeria is currently viewed as one of the most lucrative business ventures, in today’s global business environment.
Business

If you are thinking of setting up a business in Nigeria and making millions of Naira from it, kindly check through these top three hottest business opportunities currently booms in Nigeria.

FASHION BUSINESS
Fashion is arguably the next big thing in Nigeria. Now it is commonplace to hear, “I want to be a fashion designer when I grow up”, alongside the professional careers like medicine, law and so on. There is no formal education or certification required to be successful in fashion business but that doesn’t make the feat any easier. You will need to have a combination of drawing, sewing, and design skills, knowledge of the fashion industry and unparalleled perseverance.

Quite interestingly, there are many who have made great strides-not only in fashion designs, but in creating opportunities for other designers. We have the likes of Folake Coker, the founder of the world famous brand Tiffany Amber. We also have Kaela Kay design label, Lisa Label, Gabriella and Kelly Davids and others who are well-to-do in the fashion business. I must confess that fashion design has been embraced by all sun and sundry due to the sophistication and creativity that have been introduced by great Nigeria designers that have made Nigeria fashion what it is today, unlike before where in house design were known to be an item of the museum in the western world.

Talking about fashion business, it is a broad business with many stems under; such as; clothing line, hairstylist, cosmetologists, to mention a few.
Should you be planning to invest in this fashion business opportunity, there are things that are involved to ensure success.

Do not forget an adage which says, he who fails to plan very well, will definitely plan towards a state of jeopardy. In essence, you need to have a business plan for the business to survive the test of time. Engage yourself in feasibility study regarding the business. Do not be ignorant of the fact that there is competition, there are people in the industry already and more will likely to come in after you start.

Select suitable location, some business thrives more in certain locations because of the level of consumption of the product involved and level of patronage. For example, what will it profit someone that builds a garage in a silent area? The same thing goes to fashion, location matters a lot. It is important to consider how busy an environment is, in order to ensure success in the industry.

GRAPHIC DESIGN
Graphic design is another business opportunity that you can make cool cash. Graphic designers combine art and technology to develop graphics for product illustrations, logos, and websites. They are responsible for creating design solutions that have a visual impact. The role involves listening to clients and understanding their needs before making designs decisions. Their designs are required for huge variety of products and activities, such as websites, advertising, books, magazines, posters, computer games, product packaging, exhibitions and displays, corporate communications and corporate identity. That is, they help to make an organization recognizable by selecting colour, images and logo designs that represent a particular idea or identity to be used in promotions. When using text in layouts, they collaborate closely with writers who choose the words and decide whether the words will be put into paragraphs, lists or tables.

They determine size and arrangement of illustrative material and copy, and font style and size. They also liaise with external printers on a regular basis to ensure deadlines are met and material is printed to the highest quality. Graphic designers work mainly nine-to five; but deadlines may require working additional hours. Opportunities for graphic designers exist in cities throughout the country, although freelance designers can work from home.
Apart from making cool cash from graphic design, graphic design itself is everywhere. Anything that needs to be communicated that cannot be done verbally must be put into some form of design that gets a message across. Imagine life without it and it would be a strange world indeed. Everything would be in a plain white wrapper. No pictures, no text.

CATFISH AND POULTRY BUSINESS
Catfish and poultry farming belong to the top three business opportunities in Nigeria. This is because it’s an emerging business that hasn’t reached its peak or full potential. The major players in this business are usually regional players. What this means in essence is that each major player in the catfish farming industry is focused only on a particular business terrain within the geographical location of the farm. So all you need to do is to look for a region with a growing demand that haven’t been covered by a major player and situate your business there. As for poultry farming, the high demand for chicken meat and eggs has really proven that that poultry farming in Nigeria is indeed a very lucrative business. The business of rearing of chicken and producing eggs for sale has created an opportunity for some young graduates, retired civil servants and others to earn regular income and also provide employment for countless number of Nigerians. We should not forget that there are major buyers of chicken meat and eggs in the country such as; Mr. Biggs, Tantalizer, Tasty-Fried Chicken, Mr. cook, UAC, Hotels, Restaurants and then the various household nationwide. I must confess that you’re assured of your millions when you venture into the business. Naturally, food is one of the basic necessities of man, thus making catfish and poultry farming a huge potential.


At this point, you don’t need to sit and relax, get yourself involved in one of the aforementioned business opportunities. Don’t expect manner from heaven, manner no longer fall from heaven again. It is high time you start planning for one of the businesses above and you will definitely have reasons to glorify God.

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