The processed food fast-moving consumer goods FMCG industry is one of the largest in the world. The undying craving by people to consume junk food; whether sold in an eatery, at a bus station, or in traffic is ever endless. With popular choices like sausage rolls, plantain chips, cakes, biscuits, chin chins, noodles, spaghetti, and more, taking a stance as a high-volume distributor for one of the most popular brands in these categories can get you earning a substantial income in a short time.
The Sedge 37 Comments January 17, There are several ways you can go about searching for social enterprise business ideas. Creating a social business has many similarities to building a traditional business, but inspiration is usually drawn from a different place.
Social enterprise ideas, unlike conventional business ideas, typically result from a desire to solve a social need; similar to how many non-profit and charity organizations find their beginning. Traditional business ideas can also come from identifying a social need.
But, the difference between a social enterprise idea and a traditional business idea is the motivation of the entrepreneur.
The primary motivation for a traditional entrepreneur is more-often-than-not a desire to make money; a social entrepreneur is driven more by a passion to solve a social problem, and only chooses to use business as a mechanism to solve these problems.
how to start a cosmetics business in lagos How profitable is cosmetics business in Nigeria? Suppose you invest a sum of N, and you are serious and consistent with your business and customers, you are sure to get a frequent turnover of N, by selling directly to end users (customers). Looking for business ideas in the fast-moving consumer goods industry? Here are 5 profitable FMCG products or companies you should invest in today. StartupTipsDaily. Small business ideas, business plans, & tips for African entrepreneurs to start, run, & grow successful businesses. How To Start A Cassava Farm In Nigeria: A Comprehensive. Depending on how financially capable you are, you can start this business on a very low scale with as low as N50,, on a medium scale you can start with N, – N1 million, and on a large scale you can start with N10 – N20 million to any amount because prices of different products are not constant.
Because of the different motivations that drive the two types of entrepreneurs, we must consider that their businesses will function a bit differently. We often hear the business world talk about focusing on the bottom line business practices that lead to increased monetary profitability.
In comparison, social businesses focus on double — or triple — bottom line business practices that lead to social, environmental AND economic profitability. So how do social enterprises create double and triple bottom line profit?
Here are some of the most common frameworks we see successful social enterprises using: Cross-Compensation — One group of customers pays for the service. Profits from this group are used to subsidize the service for another, underserved group. Fee for Service — Beneficiaries pay directly for the goods or services provided by the social enterprise.
Employment and skills training — The core purpose is to provide living wages, skills development, and job training to the beneficiaries: Market Intermediary — The social enterprise acts as an intermediary, or distributor, to an expanded market.
Market Connector — The social enterprise facilitates trade relationships between beneficiaries and new markets. Independent Support — The social enterprise delivers a product or service to an external market that is separate from the beneficiary and social impact generated.
Funds are used to support social programs to the beneficiary. Cooperative — A for-profit or nonprofit business that is owned by its members who also use its services, providing virtually any type of goods or services.
Social Supermarket Business Model: Community Shop — Create a food market that sells food to low-income communities at a discounted price. Discounted food is donated or purchased very cheaply from food suppliers and other supermarkets, who cannot sell the food themselves for a variety of reasons such as approaching expiry dates, dented cans, and product mislabeling.
Cross-compensation and Independent Support. Students donate their used textbooks. ArtZoco and eBatuta — Help underserved artisans sell their products to the world by building a platform that makes it easy for them.
Artisans can either manage their online store directly, or the platform can act merely as a listing service that connects the artisans face-to-face with buyers. Revenue is created by either charging listing fees directly to the artisan, via a commission on goods sold, or built-in as a premium fee to the buyer.
Profit generated can be used to fund social services that directly affect the artisan communities. Sustainable Water Business Model: Water Health International — Build small water purification stations in communities in developing countries using off-the-shelf products.
Ongoing costs to maintain and staff the water station come from the sale of purified water to its beneficiaries, but at near break-even levels, costing almost nothing for the beneficiaries. Micro Lending Business Model: Kiva — Create a platform for individuals and organizations to lend money directly to entrepreneurs who would otherwise not get funding, such as those in the developing world.
Charge a small fee to cover the operational costs. Social Crowdfunding Business Model: Start Some Good — Build a platform for social entrepreneurs to find groups of funders.
Charge a small fee to cover the operational costs of the platform. Employment and Skills Training.“I used my graduation thesis to test my business plan for what we now know as Coker Creative.” A boutique event company, since its launch almost four years ago, it has executed events for private and corporate clients in Nigeria and internationally.
Lagos is also the richest city in Nigeria and one of the wealthiest in the world. Lagos is able to generate its revenue via the tax they are able to collect from the various business that are located in the city.
Cosmetics Business Plan In Nigeria Feasibility Studies PDF. Our Cosmetics Shop Business Plan & Feasibility is Updated And Can Also Be Used To Obtain Bank Loans, Grants. TABLE OF CONTENT FOR COSMETICS SHOP BUSINESS PLAN / FEASIBILITY STUDIES IN NIGERIA PDF.
Looking for business ideas in the fast-moving consumer goods industry? Here are 5 profitable FMCG products or companies you should invest in today. StartupTipsDaily. Small business ideas, business plans, & tips for African entrepreneurs to start, run, & grow successful businesses.
How To Start A Cassava Farm In Nigeria: A Comprehensive. Workers in the informal sector, predominantly street traders, are demanding inclusion in the national decision making processes, especially in fee-fixing and tax collection at the assemblies. John-Paul Iwuoha is an author, impact entrepreneur, business strategist and founder of Smallstarter Africa.
He works with entrepreneurs and investors to start up and grow businesses in Africa. His work and articles have been featured on several local and international media, including CNN, The Huffington Post, The Africa Perspective Magazine, Business Day and LinkedIn Pulse, among others.