HOW TO GENERATE BUSINESS IDEAS

Written by
Adeniyi Oluwaseyi

The quest to start a business is one fundamental need of any aspiring entrepreneur. Even in recent times people who have paid jobs seems to have interest in business and suddenly develop a mind strong enough to venture into enterprises in order to supplement their monthly pay. But one thing seems to be the challenge and that is their inability to bring up an idea. And at times the challenge does not lie in lack of ideas, but their inability to pick them has something meaningful to run with.

Sometime ago a friend met me telling me how he wish to start a business but lack an idea. After much talk I was able to make him understand that he does not lack ideas but he is insensitive enough to pick them up. That’s just the truth, every individual is built in a way that we all have the ability to perceive changes, develop taste, and having the inner ability to come up with new things. These traits are just natural and part of everyone, just that its functionality depends on how well you develop it.

The bed rock of every kind of business is idea. Without idea business will cease to exist. But one fact still stand and this idea are not good enough without it been built, pursued and maximized. The generation of ideas is not really a big deal because we live in idea, speak ideas, eat in ideas, sleep in idea, discuss ideas, play with ideas and sometime sell them out ignorantly for free without us knowing.
The truth also stands that all our existence is based on idea. Without ideas we will all be living in the Dark Age. Without wasting time let me put you through a list of how you can generate ideas with ease. Enjoy:
• Observation: this has been one of the major avenue by which I have generated several ideas. The eye is the window to our mind. So what we see makes up more of what we tend to perceive. Most idea are from what our eye caught on several occasion, some time on the road, street, market place, hospitals etc.

• Replication: there is truly nothing new under the sun. There is nothing you intend to do that someone somewhere has not done before now. Most time we stress the brain on nothing. There are good ideas somewhere that have not been explore in your surrounding for some reasons. Maybe because it has not been discovered by people in your immediate surroundings.
So in order to bring up with something unique in your immediate environs does not need much work. It just needs you to be more sensitive. Most time we travel and see one or two things that amaze us but give no proper attention to it. That which we neglect most time are the keys to the successes we’ve been seeking all day long.

• Intuition/inspiration: am sure you sometime back or even in the present have some flashes of ideas (hutches) through our minds. But the problem most people have is that they are not sensitive enough to pick up these signals. In real sense most of these hutches are not new things but they are things we’ve once encountered in time past that just flashes back through minds.

• Ask: in time past I have given away good ideas conscientiously and unconscientiously. Also I have been privileged to access some very good ideas both in the past and the present because I took the pain to ask people questions. It’s just simple, not too many people will be will to let out ideas, knowledge without been consulted.

• Buy: there are situations where some people with quality ideas will never release what they have to you unless you are willing to part away with something. At times life is met to be in such a manner. You should not always expect everything to be freely given to you. Free food is not the best kind of food to take always because they might be lacking in some vital vitamin and essential nutrients. Always be willing to invest in quality things.

• Partnership: to be financially buoyant and to be rich in ideas are two different things entirely. Some people have the money but lack what to use it for while some others have the ideas but lack the finance to bring it into reality. You can be one of them. Whatever group you belong to, you can find person with the other half of you to compliment you. Just that you should be wise enough to build such partnership on mutual agreement.

• Seek problems: most of the world successful fellows are not super beings, they are just normal people like us who took their time and energy to find a loop hole, a need and thereafter find a way to fill it up. If you can look long enough you will find vital human needs that had not been taken care of. In there lies numerous ideas you can exploit at convenience.

I hope you find the article educative. Feel free to drop your comment. It will be highly appreciated and forget to share it with your friends and family too. This might just add to their knowledge base and help them sometime soon.
Thanks.

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4 REASONS WE EMBARK ON POULTRY BUSINESS

No matter the differences in definition and individual ideas on poultry it will be noted that they all lead to one particular concept; which is the rearing of birds. But one thing that might stand as a distinctive factor among the different definition is the reason or the purpose for which the individual or farmer setup the said enterprise.
Poultry business is very lucrative, profitable or enterprising but the same time challenging because it needs a lot of commitment, focus, patience and sensitivity. The enterprise is more like every other business. The amount of time, care and finance you commit to it will also define what you get in return.
One of the reasons why poultry business is said to be lucrative, enterprising and profitable is because of the fact that poultry products are important food essential which man can’t do without. The needs for poultry products are on the high side. Homes, restaurants, bakeries and other allied businesses can’t do without it. And the inadequate supply of the low preference of other source of protein has called for the need for the production of poultry products.
In this article, am going to touch some basic aspect of poultry farming. First and foremost let me touch the reason why you should embark on poultry farm:

REASONS TO EMBARK ON POULTRY FARM
• SOURCE OF FOOD: Among the three basic human needs food stand as one of them. Poultry gives meat and egg as its major products. So, it depends on an individual, you can rear the birds on a subsistence level .i.e. just for your immediate family consumption only.
• SOURCE OF INCOME: This had been one of the major reasons for setting up a poultry farm. The products derived from the production can be sold either processed or unprocessed depending on your original laid out plan, motive, demands and market structure.
• RESEARCH PURPOSES: many research institutes embark on this venture not for the purpose of selling or consumption but with the aim of getting improved varieties for farmers in order to boost their production in term of quality and quantity.
• HOBBY: there are individuals who embarks on some certain enterprise not for the profitability alone, but because they enjoy doing it. So intention varies from one individual to another. Above all it’s always good you define your intention properly in order to know the basic requirements and steps to take at each stage.

WHAT MAKE IMPORTATION BUSINESS PROFITABLE

written by:
ADENIYI OLUWASEYI (Leopridas)

Importation business is no more as usual, just as the world is taking a new turn day after day. Retailers in importation business and in other sphere of the business sector now understands what it means to make and have more cash either to boost their enterprises or fetch themselves the luxuries that life have in stock. Yes, the comfortable life of the rich is one thing most coveted by everyone either in the business world or otherwise. The luxury of taking vacations in the Caribbean is more than just a dream now, living in a beautiful home and riding an exotic car is also a more realistic goal as everyone now find ways to do things better and get the larger part of the share.
Apart from been lucrative, importation business is an interesting kind of business to do because is sky rocket your income and boost your life if only you know the inns and outs of importing and distribution. Importation gives you so many privileges which other business might offer and might never offer you.
Firstly, the need to follow the normal business chain:
Manufacturer

Bulk wholesaler

Importers

Retailers

Final consumer
If we have to analysis this chain you will observe that as a mini wholesaler or retailer you have little opportunity to maximize your profit because before the goods actually reaches you the price per product might even have doubled the price from the manufacturer or the bulk wholesalers. So you are left little power to inflate or actually make more profits from the goods imported because the profits are already share between those before you.

Sometime ago I made a research and found out that before the product reaches the retailers the money added to the goods during sales by the wholesalers, importers and some time another mini wholesaler can purchase twice that product. Which means there are about an hundred percent to hundred and fifty percent addition before it finally gets to you as a retailer. So possibly, it’s the retailer and consumers that pays a great deal to get these products. So as the retailer you are, the money you lose along the line, if added to your business can actually go a long way into transforming, enlarge and establish it.
So now, imagine yourself importing those products at a very low price and reselling it directly to your customers at the original market price. How much do you thing think you will make more? I guess you can answer the question. The profitability in any business is when the person in charge is able to maximize his sales which will also enable him to boost his purchasing power.
For an individual to maximize profit, he must be ready to move up the line of the chain. Yes, there is a ready chance for you to cut out two potential threats to your profitability and thereafter claim their gain alongside yours. But this can only be possible if you can only take the chances and move ahead of your competitions and those above you in the long chain of production.
Importation business can be very profitable if you only take your time to know the cons and pros of the business. And part of it is how to bypass some of the major players and be the key person in the game. Imagine yourself importing directly from the manufacturer (factory) or the bulk wholesalers. Think of the profit margin you will be opportune to claim without much work. All these are only possible if you can step out of your comfort zone and fears and move ahead of your competitions.

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OPPORTUNITIES ON SNAIL FARMING

INTRODUCTION
Snail farming production enterprise is an art of rearing snails for commercial and subsistence purposes. The process of rearing snail is called helicicuiture (meaning snail culture). Snail meat is very nutritious and good for the human body. It contains most of all the essential nutrients required for healthy growth. The meat has high percentage of protein (37 to 5%), iron (45 to 59mg/kg), fat (0.05 to 0.08%) and calcium. In the medical world today a research shows that the glandular contained in edible snails causes agglutination of certain bacteria, which is of value in the combating of certain disease like the whooping cough. It’s also believed that the meat contains some properties for fighting high blood pressure, anemia.
Snails have 14 species which are: Achatina, Archachatina, Atopochochlis, Bequeartina, Burtoa, Columna, Callistpepla, Lignus, Limicollaria, Limicolariopsis, Lissachatina, Metachatina, Periderriopsis and Pseudachati. But in West Africa region, there are three major species farmers taps into and the species are Achatina achatina, Achatina fulica and Archachatina marginata. These belong to the family Achatinidae, a particular group of large land snails, originally from western, eastern, and southern Africa, with long slender shells.
Achatina achatina originates from the West African rainforest belt, from Guinea through Nigeria. A. achatina is the most prized species for consumption. Several locally discovered populations of A. achatina can be found, with variation in growth rates, size, dormancy patterns, body color and even taste. The variation in size may be explained partially by differences in the length of the aestivation period; the shorter the aestivation period, the longer the feeding period and the larger, therefore, the ecotype.

Essentially, a snail consists of two parts, the body and the shell. The body is divided into three parts – the head, the foot and the visceral mass.

Snails have a hot market both internationally (Europe and North America) and locally (Southern and Western regions). Below are summary of snail consumption in some countries of the world:
France: about 5kg/annum
Italy: 306million kg
Cote d’ivoire: 7.9 million kg
These are just little out of the various statistical data available for the overall consumption. Without doubt the market for snail is unlimited and unpredictable. In Nigeria there is no captured records for snail consumption.

Daily management of snail farm
The day to day management involves several activities:

Feeding
Snails should be fed after sunset.
The feed must not be stale or mouldy.
Leftovers should be removed the following morning.
Water should be changed if trashed and replenished regularly.

Handling
You should try as much as possible avoid carrying the snails unnecessarily because it leads to stress, it can make them sick and can also retard their growth.

Housing
Check whether wire mesh and mosquito netting are intact; repair where necessary.
Clean the pens of unwanted materials, slugs, dirty.
Keep doors or covers of the snail pens always closed and locked in order to avoid escape of the snails or intruders.

Soil
Keep the soil moist by mulching and watering if necessary in the dry season.
Fresh poultry dropping concentrated and may cause harm to the snails, so never add fresh poultry droppings to the soil.
Change soil in the cages every three months if you are practicizing the intensive system of snail rearing.

Hygiene
Check pens for any dead snails; remove them immediately.
Do not use insecticides or herbicides in your snailery.
Handle your snails carefully and wash them with water from time to time.

Recording
Record inputs and output of your snail farm daily.
Include your own labour or that of family members, and inputs, like food or repairs to the pens.

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