Why Do You Want to Be an Entrepreneur

8/3/2019 Why Do You Want to Be an Entrepreneur

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(1) Why do you want to be an entrepreneur?

(a) Countries that are highly respected today in the comity of nation

are industrialised nations.These countries are built by the

government and entrepreneurs that believe in the country. I wantNigeria to be an industrialized nation, respected in the world as a

true giant.

(b) One of the biggest problems of Nigeria is unemployment. I want to

be an entrepreneur to provide jobs for people. An idle hand is the

devil’s workshop. When people are employed, they are busy.

Problems of insecurity will be reasonably reduced.

(c) One of the problems confronting this country is that of poverty,

when people are employed there is reduction in the poverty level. Iwant to be an entrepreneur to put smiles on the face of the people

thus helping the county to solve the problem of unemployment.

(d) One of the problems of the country is that of monoeconomy.

Overreliance on oil to detriment of other sectors. Industrial sector

must play a big role in the country economy if will must take our

rightful place in the comity of nations. I want to be an

entrepreneurs a successful one that will pay huge taxes to

government so that government will have more money in its cofferto prosecute her electoral promise. Industries have to play a role in

this.Agricultural sectors have to play a role in this .Mining sector

also have a huge role to play. These are better achieved with

entrepreneurs with burning desires to succeed (we need more

dangotes, Otedolas, subomis, Otudekos, Elumelus, Ovia’s,Ishaku

Rabius, Jimoh Ibrahims,etc) in various sectors of Nigeria economy. I

want to be one of the people that will take Nigeria’s economy to

greater height.

(2) How did you get your business idea?

From my environment. A necessity in my community but not

readily available.



(3) Birnin Kebbi.

Reason. Market for my product is readily available.

(4) Why will you succeed.

(a) Because there is a readily available market.

(b) My dream rigth from my university days is to be anentrepreneur. I am highly motivated.

(c) I am convinced within myself that I can do it. That I will

succeed. Though I know that it has not been easy. It will

never be easy but I will persevere. There is nothing good that

comes easily. My role model are big time businessmen

(Lashmir mittal) the india steel magnate (Alh. Aliko Dangote)

Nigeria. I have read about them and others numerous times.

It was never easy for any of them but today they are at thecommanding height of their various endeavour.

Determination is the key to success.

Describe your business idea.

Making iced blocks of varies sizes 50 by 30cm, 20 by 15cm, 20

by 30cm etc.

For those that hawk pure water and for retail shops that sell

minerals and other drinks, for those that are doing ceremonies(naming ceremony, birthday, marriage etc).

Birnin Kebbi is a very hot environment where need for cold

things is a necessity but unfortunately cold things are not readily

available most of the shops cannot afford to buy deep freezer to

chills their drinks. Even for those that have deep freezer, power

supply is very poor, light is usually shared all over Birnin

Kebbi.There are so many ceremonies taking place in Birnin Kebbi

whereby drinks are hot if the people have a choice they wound

prefer them to be chilled.

The market is very large it involves the whole of Birnin Kebbi and

its environ(Argungu,Jega,Bunza,Kamba etc).



Immediate target groups include those selling drinks(pure

water,mineral).People preparing for various ceremonies(naming,

Marriages,birthday celebration)

The size of the market is marvellous and the growth potential iswonderful because the need is present in all the towns and

villages of Kebbi state

Why we people buy your product/services.What make them

unique.

People will buy the product because the product is a necessity in

Kebbi state.Using airconditioner in Kebbi is a necessity not a

luxury so also for cold things.

It is unique because I have already made a market surveillance

no body is currently rendering such services in Birnin Kebbi and

its environs

What is the competition

No competition for now but I am sure when I start competitors

will come in.

I will be better than my competitors by providing superior custom

services.I will give a good listening ears to my patient.I will treat

my customers as kings.I will make sure their complains are well

taken care of. I will make sure I earn customers trust, confidence

and loyalty.

My staffs are paramount to success of the organization.I will

carry them along. I will make them feel as stakeholders in the

organization. I will Listen to them and solve their problems. Most

importantly hardwork and passion for growth of the organizationwill be excellently rewarded.

What five things do you need to do in the next six months to

start you business

(1)Adequate evaluation of the business environment



(2)Adequate evaluation of the financial needs to start and run

the business successfully

(3)Identification of various categories of staffs that can make

the business successful and take it to the next level.

(4)Assessment of the risk involved in the business and ways of

overcoming it including ways of competing favourably with

competitors.

(5)Identification of potential customers, reaching out to them

and establishment of good rapport with them

What qualification and experience do you have to start and run

the business

I have two brothers that are running similar business in

variously part of Lagos successfully. They have a thorough

understanding of the business. I will tap from their wealth

experience. Infact one of them is coming to Kebbi for a thorough

assessment of the business environment.

I also intend deploying some of their staffs with good

understanding of the business, trusted and with integrity to

Kebbi to kick start the business

What are the risk you foresee in this business

(1) I am yet to identify good technicians in kebbi, Sokoto and its

environ who can fix the machine when it develop fault. It

means technicians have to come from Lagos which might

disrupt production for sometime. It is not good for business

(2) Poor power supply can also disrupt production.

(3) It is a new product being introduce into Kebbi. People might

resist change. People might have doubt.

How to overcome this risk

(1)Expend time and resources to identify capable technicians

nearby.



(2)Employ staffs with technical knowhow.

(3)Possess additional functional Coldroom/AC

condenser(fabricated) at least two at any given time

(4)Identify customers, establishing a good relationship withthem, repeated advertisement of the product to them.

(5)Listening to my customers and ensuring their complains are

well taken care of, to satisfaction them

How much do you need to start the business.

(1)Land at least a plot (100 by 70)feet =2 million

(2)Construction of coldroom/AC condenser capacity of 1000

1ced blocks/day =1.5 million +1.5 million for two=3 million

(3)Delivery pick up coldroom van vehicle=1.5 million +1.5

million for two =3 million

(4)Generating sets that can power the coldroom 350

thousand+350 thousand for two=700 thousand

(5)Construction of three boreholes with pumping machines 150

thousand each for three=450 thousand.

(6)Construction of huge overhead reservoir tank 150 thousand

each for three=450 thousand

(7)Salaries of ten different category of staffs for at least six

months=1 million

(8) Logistics and other miscellaneous=500 thousand

Total cost=11 million

Name of business=Husnah ventures

Location=Birnin Kebbi,Kebbi state

Documents

Why Do You Want to Be an Entrepreneur