China's commerce ministry called the decision totally unacceptable and vowed to respond. The proposed new U. Trade Representative Robert Lighthizer said the Trump administration has patiently urged China to stop its unfair practices, open its market and engage in true market competition. Beijing followed suit with an equal amount of levies on U.
A supermarket is a large shop that offers a wide variety of food and household products that are organized into aisles. A supermarket is usually bigger in size when compared with a provision store. As there are many appealing items on display, customers are cajoled into buying more items than they initially planned to.
Self-service encourages impulsive buying, hereby bringing in a lot of money to the owner of the supermarket. It is one major advantage of starting a supermarket in Nigeria.
Now back to our subject. If you aim to start your own supermarket business in Nigeria, this article will explain in details the basic requirements, what it will cost you, a projected profit margin and other factors you will need to consider when starting and running your supermarket successfully.
Write Your Business Plan Before you can start anything called a business, you must draw up a business plan to effectively start and manage all facets of the business. A business plan will act as a guide, taking you from where you are to where you want to be within an anticipated time frame.
So, take some time to do a proper feasibility study to help you locate the best place to situate your supermarket, the goods that are in high demand in that area, and of other factors that will help you plan and achieve your business goals.
On the strength of your feasibility study draft a good supermarket business plan. If you do not have the skills to write a business plan you can buy a generic supermarket business plan in Nigeria here. To place order, pay N10, to: Your business plan will be sent to your email within 15 minutes after payment.
And also get every required license and permission before you open your doors to the public.
If you need a lawyer who will help you with the business registration process, call us at Factors to consider when choosing the location for your supermarket are as follows: Population — Find a location where you are sure to have a large number of people patronizing you.
Find an area where middle to high income earners live, work and shop. Accessibility and Visibility — In order to be visible and accessible to your targeted market, you will have to pick an area with the following factors: Where many people walk or drive past. Where public transportation is available.
Where there is adequate parking lot for people and delivery trucks. Zoning Policies — Make sure you will not be breaking any zoning policies by opening a supermarket in your desired area. Competition — The presence of other businesses in your prospective location can either help or harm your retail shop.
If there are other retail shops around your desired location, this may mean you should look out for a different location.
Location Costs — Rent is just as important as being in the right neighborhood. It is important to know how much rent you can afford in relation to your start-up capital and your potential business income.
Your startup capital will affect the areas you consider and the spaces you look at. For example, you can rent, buy stock and start your supermarket with a capital base of 5 Million Naira in Ebonyi State.
Planning And Forecasting In Business Organization. Planning And Forecasting In Business Organization – Andreas Faludi states that “Planning and Forecasting is the Queen Mother function of management (organization) and that if planning and forecasting fail what/who will you direct, control, budget, staff, co-ordinate or organize rather than failure and shame”. In the past, small family-owned grocery stores formed the basis of the supermarket industry. One family member minded the cash register, another stocked the shelves, and another unloaded the delivery truck. He said: I would like to join the Prayer Academy but the big problem is that I have no money Please if there is a way you will help me to join the next session please help a brother in need.
But in Abuja, 5 Million Naira will just be the needed cash to pay rent. This is where you will stash your products pending when the ones in the shop are sold out. As a business owner, you are not to wait till all your goods are depleted before you restock.
Source for Commodities Suppliers You will need to find wholesale distributors and manufacturers of different commodities. It will be a good thing to buy directly from them because: Buying in bulk from them will keep your expenses low and profit high. By stocking your shelves with different brands, you will be providing enough options for your customers.
You can buy on credit and pay later. Find products that are in high demand. Check out some of the items sold in a supermarket.
This will help you know the product suppliers and manufacturers to contact. Hair Products — Hair extensions, hair relaxing creams, shaving lotions, etc. Jewelries — Wrist chains, watches, earrings, necklaces, pendants, etc.In the past, small family-owned grocery stores formed the basis of the supermarket industry.
One family member minded the cash register, another stocked the shelves, and another unloaded the delivery truck. Feb 28, · A former doctor helping trauma patients in a Lagos hospital, Olusanya says he decided to go into business with his wife to try to cater to Nigeria's busy women with no time to shop at the supermarket.
A short guide on how to set up a small sized supermarket business in Nigeria and a link to getting a reliable business plan. Supermarkets in Lagos, Nigeria. List of Best Supermarkets in Nigeria with Addresses, Phone numbers, Reviews, Ratings, Photos and More on Nigeria Business Directory.
The FIFA World Cup was the 21st FIFA World Cup, an international football tournament contested by the men's national teams of the member associations of FIFA once every four years. It took place in Russia from 14 June to 15 July It was the first World Cup to be held in Eastern Europe, and the 11th time that it had been held in Europe.
At an estimated cost of over $ billion, it. Get the latest international news and world events from Asia, Europe, the Middle East, and more. See world news photos and videos at srmvision.com