Business-Food/Drink6 Comments

Are you good in cooking food? How delicious are the taste of your food? If you have the full confidence in cooking and you can boast of the taste of your foood, then the world is at your right hand.

Food supply is one of the best selling businesses in the Nigeria that have made billions of naira for people. The following are the secret that would lead you to a successful career in food supply business in Nigeria.

The Profit potential

The foods supply business is a wealth creation business that will make you smile to your bank. Lets analyze the profit that this business is capable of bringing.

A pack of fried or jollof rice goes for N350 per pack with chicken or beef meat. If you supply 20 pack in a day, that will be: 20×350 = 7,000. Then in 5 working days, you will be making N35,000.

N35,000×4 (weeks) = N140,000 for a month.

Let assume your running  costs are:

1 bag of rice                             8,800

kerosene                                   3,200

Tomatoes & Peppers               1,500

Groundnut Oil                         4,200

Transportation                        2,300

Other expenses                        1,200

Total                                         (22,000).

When you subtract 22,000-140,000= 118,000 after expenses in just a month.

Getting Your Capital

To get your business started you need capital, but at the same time it is advisable to start your own business with the little cash at hand that is readily available. Do not borrow to start business! Borrowing to start a new business has ruined many lives

SEE ALSO: How To Raise Money For Business In Nigeria

If possible talks to your friends and family rather than rushing to the bank for loan. Although borrowers may accept your request; but this may not be the best option at the very early stage of your business. The interests rate that may be require to pay back on the loan is capable of crippling your business.

Be Good At What You Cook

Your ability to cook delicious variety of foods that everyone around you can testify about. This is a step forward that you are good at what you do. If you are privileged to have run  restaurant before, its would be an added advantage to you. You can use your home as an address for the food supply business and if you can afford it, rent a shop.

A word of caution: Try to invite others to see and taste your dishes.

Create A Strong Network

Strong networking ability is one of the best ways to create a strong customers base and to reach the desire people.

Take time to visit event centers, organizations or companies. Informs friends about your food supply business, create banners, use van that carry your business name and address etc. Promote your business online on  Facebook, through this million of people will get to know you.

Good Negotiation

As you take steps toward the starting of your food supply business in Nigeri, understand the important of negotiation in your business. Lack of proper negotiation can make you run into loss when you are suppose to gain. Start with higher amount so that when the other party respond you cut down your initial price to suit him.

SEE ALSO: The Concept Of Making Concessions During Negotiations

Price your food within what they can afford while the agreed rate will still be favorable to you. Compare your price with other competitors and fixed your price.

Maintain A Good Cleaning Habits

Your being clean is another step to success. Most customers easily feel discourage the moment they notice that your appearance, environment and your utensils, (plates,spoons etc.) are not hygienic,its spark off their interest in you and especially the foods you served/supply. Keep your environment clean at all time.

Work With An Agreed Time

It is important you work with an agreeable time. Most African are not timely conscious, especially in business issues. Therefore, be sure you are time conscious in your food supply business. Since, most workers may prefer to take their breakfast before resuming duty, it is better you stick to time that will suit your customers. And if there is an arrangement for launch make sure you work with an appointed time.

Finally, the Nigeria business environment is a growing business opportunities. Therefore make use of this advantage and you will smiles to the bank with food supply business.

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6 Comments

  • scott Emmy June 14, 2016

    Love it man.i think Av been able to learn and understand your script.I so much appreciate you for this.thanks once again

    Reply

  • Marie July 12, 2016

    Hello, I am from Cote d’Ivoire and I am great cook. However I want to start a processed hot pepper sauce spices and dipping sauces like mayonaise business. I am interested in distributing them through supermarkets. How can I proceed to start?

    Reply

  • Yeka September 28, 2017

    I want to venture into the food supply business to with little capital. Im a great cook, worked in a few restaurants also. I want to be able to share ideas with people related to this business, to know about what im going into.

    Reply

  • Reemah September 18, 2018

    Thank you for this priceless information.

    Reply

  • AMAKA October 4, 2018

    Love To shop a lot. highly interested in the food supply. dont know how to start it but very interested and willing to make ago at it.
    Thanks.
    Amaka

    Reply

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