A franchise is a type of business in which the owner accepts a license or a franchise fee in order to allow other individuals use business resources such as product, branding and operational knowledge.
The business that grants a license to other individuals is called a franchisor while the Individuals or businesses that pays for the license are called franchisee.
In this type of business model, the franchisee is meant to pay royalties to the franchisor from time to time and this depends on the agreement between both parties.
The franchisee is also meant to get the operation principles of the business so that he can get an optimum result like that of the business owner.
The first time I heard about franchise business was when one of my uncles was succeeding in business and everyone admired him in the family.
Every country has its own business opportunity and it’s also
the same in Nigeria. There are profitable businesses that you can do in
Nigeria, don’t let anyone deceive you that people are not making money in Nigeria.
People are making profit from their businesses and all you need to do is look
around you to spot opportunities in your environment.
I believe that you can actually succeed in any business that you do but
different effort is needed for each business because you might need to invest
more money before you can make profit in some businesses.
I will be showing you some businesses which I believe which you can
start with low investment and still make profit in short period of time.
A lot of people are having the thought of starting a business while working but they are scared of taking the bold steps for many reasons.
Well, you may be
wondering if starting business as an employee is doable, then you should dive
in to find out what I think.
You might be thinking
that it is not the right direction but the truth is that it is the right
direction because we all have the ability to do business but if you do not make
use of that ability you will never know it’s in you.
Some people might be
scared of failing and that is their reason for avoiding going into business but
the truth is that you might also succeed also if you try, I mean only if you
try. Do not look at the negative side of doing business instead you should
focus on the positive possibilities a business can offers you.
Registering your business with CAC is important but you can still start your business before registering your business, so I will be showing you how you can register your business with CAC.
Another good thing about registering your business with CAC
is that it can be done online. You can also do the registration yourself or if
you don’t feel like doing it yourself you can get someone to help you do it.
To register your business with CAC you can follow the steps
One of the most important aspects of
building a successful business is being able to market your business. I will be
showing marketing strategies which you can use to promote your business and grow
It is not enough for you to have a good
business idea or produce a quality product, you also need to be able to put the
product in front of your customers and your potential customers.
I will be sharing some online and
offline marketing strategies that you can use to grow your business fast.
Business etiquette is all about building relationship with other people especially in your line of business. It’s also about creating a comfortable environment where others can do business. We will be discussing some business etiquette you should develop in the Nigeria business environment.
One of the main reasons why you need to
develop business etiquette is because it helps you promote good relationship
between you and your customers and your employees also.
Let’s look at some business etiquette
you should develop in the Nigeria business environment.
We’ll be discussing some challenges you
will be facing in the Nigerian business environment and how you can overcome
There’s no country where you will do
business and not face challenges but for you to be successful in business, you
need to be able to overcome this challenges. This is why we will be looking at
the challenges in the Nigerian business environment and how to overcome them.