HOW TO START A GRINDING MACHINE BUSINESS IN NIGERIA
The grinding machine business is actually not a new business as it has been in practice for a while. It was something that was previously done in places where you can find markets but now, it is practiced even in household areas today with people looking to provide easy access to grinding machines rather than have people go to far distances to grind whatever it is they want. The business is quite lucrative especially if you are located in a place close to markets or a place where there is a large turnout of people. It is a fairly simple business to start and one that can bring in good amount of income for business owners who practice the business.
The grinding machine business simply involves getting a grinding machine and using it to accommodate customers requests. There are several things that a grinding machine can be used to grind and two of the most popular things it is used for are pepper and beans. Pepper is quite common when it comes to this business as it can be used to make several things but before that, you’ll most likely need to have it grinded. Manual machines are available and infact, they are things that have been used in the past but they’re not quite as effective in making the products get to the desired look.
The business is one that can be started in a small scale set up or a large scale one. The small scale aspect is mostly found in many domestic areas or household areas where people can just come out of their houses and get to a grinder’s shop and get what they want. It doesn’t really involve much as you’ll only need a single machine for the business. Also, you might not require any other thing for the small scale part. The large scale part, however, is mostly practiced in markets or places close to where large quantities of pepper is sold. For this one, you’ll definitely need more than one machine.
One of the main advantages of starting a business like this is because of the demand for pepper and having it grounded. Many homes today makes use of pepper for different reasons and as such they’ll definitely need to grind them at some point. Also, there are other things apart from pepper that customers might want grounded and they are common things also with a high demand. Another thing is that the cost of starting the business is not expensive as a large chunk of the budget or capital is taken by the grinding machine and after that, other things you’ll need are quite affordable and easily gotten in the market.
The business can also be started by almost anyone without any special skills or training. You’ll only need a basic knowledge or idea of how to operate the machine to get the desired look for a customer and after that, you’re good to go and begin the business without any issues. It’s a fairly simple business to start and could pose almost no problems for entrepreneurs who start the business. As a plus, the business can even be started from your home provided you have the space for it and you’re comfortable with having it in your house. You might not require renting a shop especially if you select starting the small scale one which will mostly have people in your area as customers.
Starting the business, like I’ve mentioned a number of times, is not really hard. It doesn’t require too much stress and might only require just a very little amount of training which will only cover how to properly operate the machine. You can also choose to sell pepper together with the grinding business if there’s enough capital. It provides a very easy way for people to get their pepper and also have it grounded without having to visit a market, so people are most likely going to patronize you.
In the next sub heads, I’ll be discussing the steps involved in starting a grinding machine business in Nigeria and some of the things that could prove useful during the course of the business and to ensure you’re successful and make good amount of income.
No matter what you’ve heard someone saying about a business and how well success is assured or how lucrative it would turn out, always try to do your own research. The research will not cost anything except your time and that time will prove to be well spent when the business starts and the successes starts coming in. It is important to do a thorough investigation about the business since you’re going to be investing your money into it and you’ve never been involved in the business. Some hours of research won’t hurt.
The research is always meant to give you an idea of what to expect and the challenges ahead to be faced. It teaches future entrepreneur how the business works and what success means. It shows the risks involved and the ways to tackle them. It also gives ideas on how to sustain the business and work towards more success. Imagine missing out on any of the mentioned points, it’s more like being less equipped about something especially something you plan to spend money on.
There are experts in the business, of course, so also look to advise from these individuals as they are most likely the best bet for reliable information on the business. Take note of even the smallest things during the research period and pay close attention to how to stay and survive in the business. The research is as important as anything in the business.
- WRITE A BUSINESS PLAN
The business plan helps you to properly organise your business. With the business plan, individuals are able to properly plan the steps they’ll be taking for the business and also how they plan to carry out certain activities. The plan also help to detect deviations where there are any during the course of operations. All the information gotten from the research is put into writing a very good business plan that will work for the business.
There are a number of things to be discussed in a business. Some of them include the comprehensive description of the business, how the business will be operated, entry requirements, cost of starting and sustaining the business, the different strategies to be implemented to boost chance of success, marketing cost and strategies, and contingency plans.
- CAPITAL AND LOCATION
Capital is a very important aspect for any business at all and it determines when the business can be fully started. Without the capital, nothing can be started as it is what will be used in getting the equipments and also fulfilling some requirements needed for the business. To get your capital, you can either apply for grants or loans for businesses or look to personal savings or loan from friends and family members. One of the things the capital will be needed for is the location. Like I’ve mentioned, you can choose to have your business set up in your house or you can choose to get a shop. The location of the business will definitely decide how well profit will come in. If you locate the business in the market place where pepper is sold, then you’ll definitely make more customers on a daily basis. If you’ll be setting up at home, your marketing efforts will help you in getting customers. When you’re setting up, ensure that the business is not close to competitors and wherever you are, people are able to see what you do.
- GETTING THE MACHINE
After deciding on the place to be used for the business, the next thing will be to get the grinding machine. It’s the most important thing needed for the business. Without it, there wouldn’t even be a business idea from it. After you’ve gotten it, you can also get some bowls which will also be used for the business. If you’ll also be getting anything as a plus to the business, then this is also the time to get it.
Word of mouth and referrals are the most effective methods of advertising this business. Tell people about the business and encourage them to tell others about the business. Also ensure that your prices are affordable.
The grinding machine business is a good business option that is profitable and can surely get entrepreneurs who practice the business high amounts of income when set up properly.