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Steps to Build Private School Business in Nigeria

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In the past, the government and missionaries owned schools in Nigeria. These schools catered to the education need of each community. Also, communities contributed resources and built schools to meet the increasing education needs at the time. Till date, government-owned schools as well as those owned by missionaries and communities still exist and function. There were no private schools at the time, hence there was no need for private school business.

However, with increased human population came the need for even more schools and that is how privately-owned schools came about to make up for what the government, the missionaries and the communities could not handle. Today, there is a massive sprouting of several preschool, primary, secondary and tertiary educational institutions in Nigeria and these have helped to enhance education in the country.

private school business

It is the general perception that the quality of education in privately owned schools is higher compared to the ill-equipped and badly maintained government owned schools. Hence, it is observed and expected that private schools have better facilities, staff and teaching techniques hence their wide patronage by the society.

Enrolling child(ren) in public schools is generally considered an evidence of poverty on the part of parents. Therefore, many parents struggle to enroll their children and wards in a private school that suits their budget. As long as the school is a “Private school” many parents are eager to enroll their children and wards there irrespective of whether the so-called private school is worse than a general public school.

Thus, the general perception of private schools being better or superior to public schools informs that investment in private school business is a worthwhile investment because parents and guardians are always eager to enroll their children in this kind of school. This is not a new trend; it has been this way for years and there is no sign of the trend changing soon or in the future.

How To Start/Build A Private School Business In Nigeria

Below are the steps to start a private school business in Nigeria:

1. Determine Your Budget

It is imperative that you state the budget of your business before you begin anything. This applies to all businesses including private school business. In planning to private school business, you must determine if you want to have a low-budget school or you want to have a high-budget school which attracts high-ticket parents and guardians. Having a well-prepared budget ensures that you will always have enough money for the things you need and the things that are important to the business. In whatever you do, follow a budget or spending plan that will also keep you out of debt.

2. Make a perfect start-up plan:

Now that you have made your budget! What next?

Try to come up with an idea on how you plan to commence the school business following your stated budget. Your private school business plan should things like location, the sections available (like crèche, nursery, primary, and secondary), cost of facilities to be built in the school, the estimated number of pupils/students per class, salary, electricity bills, tax, etc. This plan will function as a guide towards ensuring that the specified goal is achieved.

3. Design Your School Structure

The choice of a location is a big decision that affects the kind of parents and guardians that can patronize your school. It is important to secure land in a good and accessible area. No parent will want to enroll his/her child in an isolated area with sparse human population.

However, siting the school in an overpopulated, overcrowded, uncomfortable and polluted environment is not advised. For instance, is not advisable to build a school around a market area as noises around it will distract the pupils/students. So, go for an optimal population with viable features that can attract and keep your target customers.

A minimum of one plot of 120 by 60 is enough to accommodate school buildings, playgrounds and other relevant infrastructure. In cases where you intend to erect a boarding facility, a much larger expanse of land, preferably three times the aforementioned size, will be required.

4. Erect Your Nursery And Primary School Building.

The cost of building depends on the size and quality of the building you intend to construct based on your budget. To build, employ the services of exerts in the building sector – Architects, Engineers, Decorators, Electricians, Plumbers, etc. These experts will be able to put you through the necessary things to do because it is obviously their area of specialization. So, plan the school building with the experts to avoid loss and wastages.

Your marketing starts from the quality of your school buildings. Hence, you should focus on a erecting good buildings and structures in your school. Make the classrooms spacious. The adequate space needed for a class is at least 3.5m square per child under the age of two, at least 2.5m square per child aged two or at least 2.3m square per child aged three to seven.

A typical Nigerian nursery section class is small and jam-packed because they are small kids. Yours should be different. Water is very essential and you need plenty of it in your school. So, get a borehole that will supply you water at all time.

5. Equip Your Classrooms With Advanced Learning Materials

Desks and chairs are a must have in every school. You must provide enough of them for your students. Besides this, you have to equip your classrooms with computers, modern learning aids, and other ICT gadgets. Parents and guardians will be happier to pay when they see that your classes are properly equipped.

For the preschool and crèche, you need plenty of toys and other gadgets that is used for children’s education and Montessori. You need video and large screen TVs in all the classrooms, not to play movies but for playing educational videos.

6. Buy A School Bus

If you intend to offer pick and drop pupils/students which is the in-thing nowadays, you should get a nice Tokunbo bus which goes for about N1,200,000. Get decent school bus that will speak well of your school and avoid filing children in a bus to more than its capacity.

If one bus is not enough, buy additional buses. Parents are paying you for the service. So, give them the best service they deserve for their money. Besides, it is irritating to see children jam-packed in a bus that is not fit for transporting animals let alone a human being.

7. Hire Qualified Principal, Teachers:

If you only want to be the proprietor of the private school, you do not need any formal qualifications. However, you are going to need a school manager, principal or head teacher. Thus, the person for this position should have minimum of NCE and experience in educational administration.

Also, your teachers should have minimum of NCE and experience in childcare education or play-work (optional for secondary schools and tertiary institution). Teachers who are passionate about children are preferred. Teacher- student relationships have proven to groom dull students into brighter students and this is not something that is taught but acquired by experience. Hence, there is the need to high qualified and experienced teachers in your school.

8. Register Your Private School Business:

Like every other businesses both small and large, you need to register your private school business as a sole proprietorship or depending on what you want if there are investors.

Approach the Corporate Affair commission of Nigeria (CAC) to register your business as a company. You may need the service of a Lawyer in this regard. You will also need to register with the Ministry of Education to get your school inspected and approved.

Once you’ve put all these in place, the next thing is to advertise your private school business and get down to real business.

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Ekemini Ekpo is a professional writer, blogger, and internet marketer. He is passionate about engineering, business, investment, entrepreneurship, finance, and personal development. When he is not managing web projects, he handles academic research writing and data analysis for individuals and organizations.

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Business Ideas

How to Pitch Your Idea to Investors in Nigeria

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Are you an entrepreneur in Nigeria with a business idea that you want to pitch to investors? But you don’t have the finance to invest in the business and the only option left is to look for investors in Nigeria who would love to invest?

Nigeria is a country where you have people with money that don’t know what to do with it but will be very happy to invest the money in places that will profit them especially this era of information technology has changed the way business is done. Having the opportunity to meet these class of people to share your business idea with, is one problem. One thing is to have a business idea, another thing is to know how to pitch it to potential investors, How to convince them in some minutes to invest in you, because if you don’t know how, investors won’t be able to understand what you’re trying to relate with them.

The importance of rehearsing your pitch is one thing I can’t stress enough in pitching potential investors in Nigeria. Entrepreneurs think they know too much of their business in and out, and when it comes to pitching it to investors, it will be easy just like singing the National anthem (is that even easy?). I have seen entrepreneurs freeze in front of investors while pitching, and ramble on and on. Many entrepreneurs don’t put the same effort they used in preparing their business plan to pitching their plan to investors.

5 Mistake Entrepreneurs Make When Pitching Their Idea to Investors

1. Having no data for backup

Entrepreneurs make the mistake of not having market data to back up their assumptions. What most investors are looking for is a business that can scale up and become profitable with time. As a Nigerian entrepreneur, you should know your data so as to avoid this mistake. Make sure you relate with your investors on why you think the business will be successful in the long run.

If I am an investor, I would want to know the actual percentage of the market you plan to win with time.

2. Not knowing your investors

Entrepreneurs most times are too excited pitching their idea to investors and not doing some research on the investors first. They don’t do their homework to check how these investors will be a good fit for their business startup.

Entrepreneurs need to ask themselves questions such as;

  • What sector of business do these investors primarily invest in?
  • What is their background?
  • Have they made an investment in your sector before?
  • How much money do they usually invest?

Knowing your investors beforehand, can relief you some sort of unnecessary stress and time in trying to pitch and convince them.

3. Not preparing a detailed executive summary

Investors in Nigeria don’t have time to start going through some 50-100 pages of your business plan just to learn about your business. 2-3 page summary and maybe a PowerPoint presentation will serve. Try as much as possible to summarize your business plan for easy read for investors.

4. Not having an exit strategy

You don’t just pitch your business idea to investors expecting them to just pull out large sum of money for the business. It doesn’t work that way. Investors want to know how much they will be investing, how long it will take to start getting back their invested money.

5. Not doing a demo

A prototype or a working demo of your product or service will give the investor a better sense of what you’re trying to pass across plainly.

How to Pitch Your Idea to Investors in Nigeria

How to Pitch Your Idea to Investors in Nigeria

How to Pitch your Idea to Investors in Nigeria.

1. Start with a story

If you can relate your story to the problem you’re solving in the market place, then do it. Nothing engages people better than a good captivating story. Start your pitch with a story that will catch your audience attention, the complaint and address it to how your business idea will be the solution to the problem in your story.

2. Prepare yourself thoroughly

The first thing investors see is the entrepreneur and not the business plan or idea. Nigerian Investors first watch out on how the entrepreneur pitches his or her idea. So, you should make sure you prepare yourself and not only your idea because investors invest first in you before looking at your business plan.

3. Pitch your solution

Don’t just pitch your idea, show potential investors how your product or service will solve a hungry market problem. Make it easy for the investor to understand.

4. Show your target market

Every product, service or business idea has a specific market it is made for. Don’t lie to investors saying that your product or services is for everybody on earth. It is too broad. Everybody is no market. Tell your investors the market needs your idea is meeting.

5. Analyze competitors

A quick analyses of your potential competitors as every business has a competitor even if the competitor is located far away in another continent. Tell the investors how different your business model is or approach from your competitors and how much market share you are likely to take.

6. Spell out your fund needs

Don’t beat around the bush about the exact amount of money you need to fund this idea. Tell investors the exact amount of money that will be required, how much have been invested (if any). Also, spell out why you need the exact amount and the intended outcome of the money too.

These are few tips to know on how one can pitch a business idea to investors in Nigeria. I hope with this little information, you have been informed and now have clarity on how you can pitch your idea to investors in Nigeria.

I wish you good luck on your business pitch!

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Agriculture

How To Start Lucrative Chia Business in 2021

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Chia seeds which is the bedrock of Chia Business are edible seeds grown as food in many countries of the world. Slowly gaining momentum in Africa, chia seeds consumption is presently valued at about 400 million Naira and is projected to be valued at 600 million Naira before the year 2025. Chia seeds are becoming more popular as many people have begun to massively use it as a substitute for meat-based protein.

Meet Chia Seed: The Bedrock of Chia Business

Chia Business centres on the cultivation and marketing of Chia seeds. Chia seeds are of the mint family of lamiusee with dark green, thick and wrangled leaves. Each plant has flowers with two lips containing 13 seeds. Chia seed is mostly consumed by vegetarians who opt for plant-based proteins.

Chia seeds grow in tropical environments requiring a minimum temperature of 11 degrees Celsius and maximum of 36 degrees Celsius to be fully matured. Chia Seed Farming is a lucrative business. If you have the wherewithal to cultivate and market it, you can make tons of money for you within the stipulated business cycle.

Start Lucrative Chia Business

The Market value of Chia Business

Chia business is lucrative to do because it avails the investor the following business opportunities:

1) Can Be Eaten as Food:

Chia seeds can be sold to consumers for food. Chia seeds have a wide range of applications in meals: they can be added to smoothies, yoghurts, parfaits, salads, milkshakes and even cereals.

2) It Can Be Sold For Money:

Chia seeds are very expensive and could go as high as N6000 per bag. Chia seeds can be cultivated and sold for profit.

The Health Benefits of Chia Seeds

Chia seeds sell well because of its health and nutritional benefits. Hence, people buy Chia seeds irrespective of the cost because:

  • Chia seeds help relieve constipation.
  • Contain calcium and manganese which improve bone and oral health.
  • Fights osteoporosis.
  • Chia seeds are excellent sources of protein.
  • They are super healthy proteins as they do not contain cholesterol.
  • Fights insulin and stabilizes blood sugar.
  • They contain anti-oxidants which prevent the production of free radicals – cancer causing agents.
  • They’re gluten free and can be eaten raw.

Steps to start a Lucrative Chia Business in 2021

To proceed to cultivate and market Chia seeds on a commercial scale, please consider the following:

1) Get enough funds:

Chia seeds are expensive to buy. Setting aside an investment for it will pay hugely in the long run. It is important to have a business plan that will enable you access funds from financial institutions. If you don’t want corporate funding for the business, you may consider getting funds from family, friends, and acquaintances. However you source funds, endure that the capital you have is enough to start and run this business successfully.

2) Choose the right soil:

Chia seeds thrive on fertile soils. Hence the land you buy or rent for plating this crop should have sufficient clay and loamy. Avoid malnourished and sandy soils. Instead, choose a soil that can retain a good amount of moisture. Plant your chia seeds in well drained soils.

3) Cultivate the Crops:

Chia seeds require soil preparation by disruption and loosening. After properly tilling the soil, create trenches in a row of 2cm, broadcast the seeds and cover the soil. When you notice weeds, remove them immediately.

4) Harvest:

Chia seeds are harvested after the flowers have fallen off. You have to hand pick and spread them to dry.

Conclusion

Starting lucrative chia business specifically Chia seed business in 2021 has attendant challenges such as high cost of seeds, seemingly complicated nurturing process, crop management, and the challenge of the harvesting of chia seeds by hand.

However, with the right capital and viable farm management practices the business can be done with much success and less stress. Employing excellent marketing strategies can help the business grow into a highly lucrative and profitable enterprise or company.

Chia seed already has a wide market demand, employ the best strategies, sell off your seeds, and make your profits.

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Agriculture

How to Start a Lucrative Cabbage Business in Nigeria.

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Cabbage business is fast becoming one of the most lucrative vegetable businesses in Nigeria because of its popularity as a major ingredient for preparing salads. Salads are majorly served in ceremonies and festive seasons. If you start and effectively manage a lucrative Cabbage business in Nigeria, you could be reaping returns in millions of naira weekly.

In starting a lucrative cabbage business in Nigeria, you must have a farm to cultivate cabbages. Cabbages thrive in a cool and moist environment. The crop is not resistant to drought. This means that you should plant your Cabbage seeds during its favourable season which is the rainy season when the weather is till cool enough for it to sprout and grow to maturity.

In getting your Cabbage seeds to plant, please go for high quality seeds which are resistant to pests and diseases. The hybrid variant cabbage seed is of a high quality and can resist pests and diseases. This is the breed of Cabbage seed you should plant if you desire good returns on your investment.

Steps to Start Cabbage Business in Nigeria and Profit From It

Stage 1: The Pre Planting Stage

It is advisable to plant cabbage seeds in a nursery 4 to 6 weeks before transferring the crop to the main farm. While the seeds are being raised in the nursery, use this time to prepare the farm for planting the crops. This involves weeding, tillage, making of ridges or molds where the Cabbage seedlings will be planted. This is all about the pre-planting stage.

Stage 2: The Planting Stage

To ensure bountiful harvest, it is important to note the following while planting your Cabbage:

1) Dig a hole of about three centimeters deep, insert two seeds and cover the hole.

2) Give a space of 45 centimeters between each plant. The spacing should be done depending on the variety of seedling you are planting.

3) Ensure that the P.H of the soil is between 6.5 and 7.5.

4) Always ensure that your cabbage farm is well-irrigated. Avoid areas prone to drought as much as possible. If there will be drought, make arrangement for alterative water sources with which you will irrigate the farm like a borehole or well. Regularly irrigate (practice drip irrigation) and mulch your farm to provide enough water in the farm for the crop and prevent excessive loss of soil water due to evaporation of water from the soil.

Cabbage Business in Nigeria.

5) During the development stages of your cabbage plant, apply manure regularly to provide your crops with the nutrients needed for their healthy growth. When preparing the soil for planting, it is advisable to be heavy-handed with manure. That is to say you apply sufficient manure to the farmland while preparing it for planting the crop.

6) It’s important to control pests such as maggots, cabbage, and worms n your cabbage farm. For this reason, only use the hybrid variant of the seed which is resistant to plant pests.

Stage 3: The Harvesting Stage

Harvest your cabbage only when they have fully matured to ensure a longer storage (or shelf) life. Depending on when you plant, your cabbage should be fully matured in about 3 to 5 months.

After harvesting your cabbage, you are set to sell the product. Go to the market and sell to the vendors there. You can also sell off to the Hausa stores in your community. Get contacts of restaurants and caterers, healthy juice entrepreneurs and offer to be their vendor.

Conclusion

Cabbage farming is highly lucrative in Nigeria; not many people have ventured into the business when compared to the market demand of the product. Cabbage farming is encouraged because aside it being lucrative, it doesn’t require heavy capital. So, if you want to go into Cabbage business in Nigeria, I really encourage you to do so.

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