How To Start A Food Stuff Business In Nigeria

How To Start A Food Stuff Business In Nigeria. Want To Know How To Start Up A Lucrative Food Stuff Business? Learn More Here.

How To Start A Food Stuff Business In Nigeria

Food generally refers to whatever any human being eats that is nutritious to the body and helps the individual grow properly. Do you wish to start up a food stuff business? I have put down this article to help you with everything you need to know about starting up a food stuff business.

What is food stuff?

Food stuff simply refers to those materials one needs to cook any meal which are simply ingredients. Food stuffs are only raw food materials that one may not be able to readily consume without proper cooking.

What are the kinds of food stuffs we have?

There are varieties of food stuff business since food stuff is fondly referred to as any ingredient that is used to cook whether it is the main food or spices. However, here are a few popular food stuffs one can use to start up a food stuff business in Nigeria:

  1. Beans
  2. Rice
  3. Tomatoes
  4. Canned food
  5. Fresh and dried fish
  6. Corn
  7. Plantain
  8. Canned food
  9. Yam
  10. Stew and soup seasoning etc.

Is food stuff business profitable?

Yes, food stuff business is a highly profitable business in Nigeria whether it is a big business or a small business. This is because people need food every day to survive and look healthy. It is not a standstill business as you would keep expanding because it is very easy to reach customers.\

Read Also: Effective Marketing With The Smallest Investment

Is food stuff business meant for only women?

There is a misconception in Nigeria especially the eastern part of Nigeria that food stuff business is only meant for women. This is not true as this business can be done by both male and female. In fact, there is no gender restriction because women do not have special roles top play that a man cannot play on his own. If you are a man and you have been having it in mind to own a food stuff business but have not done so because of this misconception, you should have a rethink on this.

What do I need to do to fully start up a food stuff business?

To start up any business, one needs to be properly prepared and get the necessary things to be able to function properly and maximize profit. Here are a few things one would need to get or do to start up a proper food stuff business:

  1. Capital
  2. Make a business plan
  3. Get a proper location
  4. Be familiar with your market
  5. Make shelves to be able to display what you sell
  6. Get the food stuffs you wish to start with
  7. Employ workers to help you
  8. Make sure you are friendly with your customers

How To Start A Food Stuff Business In Nigeria

1.   CAPITAL

There is no business that one would start without capital, capital is one of the most essential things needed for one to start up any business and food stuff business is not left out. You need capital to be able to get the things needed to prepare your product or service for purchase. However, many people experience setbacks in getting capital with which to start up their businesses. Capital can be gotten from different ways, you can solicit from your family or friends for capital and you can also take loans.

One thing that is very important to note is that one must not eat up one’s capital in a business unless, the business will crash. However, one can increase the capital to improve or grow the business.

Read Also: How To Generate Sales For A New Product Release

2.   MAKE A BUSINESS PLAN

A business plan is a written document that contains what one intends to do in a business. It must contain the goals which one has set for a business as well as ways by which those goals will be achieved. The whole essence of writing down a business plan is for reference’s sake and to keep one focused.

3.   GET A PROPER LOCATION

Getting a proper location is also very important when starting up any business. One cannot just get or fix the location of one’s shop anywhere. A good location of any business should be one that makes it easy for the business person to easily reach the market as well as the customers.

4.   BE FAMILIAR WITH YOUR MARKET

Before starting any business, one should be able to make up one’s mind on what one wants to sell. One also needs to get familiar with the market one would be purchasing these products from. This is because you do not want to be cheated and you would need to make friends with the people that sell these products to you so it can be given to you at the lowest possible price for you to make the maximum profit when you sell.

5.   MAKE SHELVES TO BE ABLE TO DISPLAY WHAT YOU SELL

One cannot just get a location, get the food stuffs and place them one the floor for sale. For this reason, it is very important that you make shelves to be able to display what you are selling or your food stuffs. Apart from the fact that shelves help in displaying one’s products, it is also used for easy identification of what you sell. Food stuffs that are alike should be displayed in same shelves.

6.   GET THE FOOD STUFFS YOU WISH TO START WITH

Once you have gotten the shelves necessary for you to be able to start your food stuff business, you can then go ahead to purchase the food stuffs you wish to sell. You should be able to differentiate between perishable food stuffs and non-perishable food stuffs. For starters, it is advisable to start small with perishable good to see how it goes before going big.

Read Also: 10 Challenges Of Doing Business In Nigeria

7.   EMPLOY WORKERS TO HELP YOU

If you feel the work is too much for just you to handle, then you can employ workers to help you sell your products.

8.   MAKE SURE YOU ARE FRIENDLY WITH YOUR CUSTOMERS

One of the things you should work on is being very friendly with your customers because food stuff business is a highly competitive business. If you want those people to always patronize you, work on treating them well by being friendly and jovial.

 

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Ruth Aldama

Ruth Aldama is a Content Developer at BenUpdate.com. Ben Update Is A Team of Resource Persons and Consultants. If You Need A Personal Assistance on This Topic, Kindly Contact Us.

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