Seven Small-Scale Business Ideas for Nigerian Entrepreneurs in 2022
Looking for small-scale business ideas for Nigerian entrepreneurs in 2022? Large numbers of people rely on small and medium enterprises directly or indirectly. They play a big role in their contribution to labor absorption, poverty alleviation, and revenue generation.
Small Scale Businesses are the starting point of development in the economies towards industrialization. Most of the current larger enterprises have their origin in small and medium enterprises. The industrial growth in most economies over the past several years is due to the rise in Small Scale Businesses.
Small Scale Business ideas
Small-scale businesses play a major role in building an economy. They help stimulate local economies by providing jobs and affordable products and services to community members. In this post, we will discuss seven small-scale business ideas for Nigerian entrepreneurs in 2022.
Raw Food Stuff Business
The Nigerian agricultural sector has a very huge production potential. Despite this fact, we haven’t attained full production capacity because of several factors. Some of these factors include poor access to funds, an unfriendly business environment, and a lack of machinery. Food is one of the core needs of man and if you can meet this need, you’re in business.
The good news is that you don’t have to farm to start the raw foodstuff business. All you need is to raise some capital, purchase from reliable sources, and start selling. Nigerians love to eat more homemade foods than fast foods. You can sell foodstuff like rice, beans, garri, etc. in your neighborhood.
POS Business
The POS business in Nigeria is a highly lucrative business anyone could start in Nigeria. As a successful POS business owner, you can take home as much as 10,000 naira daily as net income.
You should note that the key to making money with POS is the location of the business. Choose a place where there are no banks or few ATMs available for people to withdraw from.
You can affiliate the business to a bank or financial establishment. In this case, it is called an agent banking service. This is the means by which banks and other financial institutions reach out to individuals who need banking services. It also suits communities where banking services are unavailable.
POS businesses provide a range of financial services. Some of them include withdrawals, transfers, recharging of phones, payments of utility bills and decoder subscriptions, etc. POS machines are also used in supermarkets, retail shops, restaurants, and other filling stations. Check out our article on how to start a POS business in Nigeria to learn more.
Daycare Business
There will always be the need to make a living even after giving birth. This is one of the reasons why daycare centers make good money. The services they render is second to none and are indispensable. If you have a penchant for babies and kids, then you can consider starting a daycare center.
Dry Cleaning Business
This is one of the easiest small-scale business ideas to start in Nigeria. A lot of people have done really well in this business over the last few years. There are a lot of people who are so overwhelmed by work that they can’t handle their laundry. Therefore, you may want to look into starting a dry cleaning business.
Home Nursing
Home nursing businesses are a growing field with increasing demand driven by an aging population. Today’s health care offers more forms of surgeries, interventions, and elective procedures. This often leaves patients needing temporary home nursing care.
Most elderly people don’t want to leave their homes for an assisted living facility or nursing home. As such, they often prefer ongoing home nursing care. If you have the ability to offer such services, you can set up this business. You will need a lot of publicity to attract clients before the business gets fully established.
Poultry Farm Business
Poultry products are in high demand all over the country, especially during festive periods. You need to define your target market before starting this business. Also, you must acquire some technical knowledge to ensure that you keep your birds safe. The poultry industry is quite broad even though most people deal with just chickens. Decide on your niche, make inquiries, purchase your birds and feed from reliable sources, and market your business.
Cosmetics Business
The cosmetics sector is one of the fastest-growing small-scale business ideas all over the world today. People love to look good and if you have a penchant for this, you can dive into this business. The business is also wide and has several niches, you just need to find one that suits you. You can go into makeup, the sale of hair extensions and accessories, or cosmetics products.
Conclusion
That’s it for our list of small-scale business ideas you can invest in this year. Kindly let us know what you think and other sectors that are profitable in the comments section. Also, check out SME360 for other articles on how to start profitable businesses.
