Photo taken by my Google Pixel 6 Pro mobile
Assalamualaikum all of my friends. How are you all? I hope you all are well. I am also fine. After a long time today I am here in the Steem4Nigeria community to participate in a new contest that is titled My dream business. Doing business seems better to me than working that's why I am happy to participate in this wonderful contest today. Today I present to you my post about my dream business.
I am more interested in grocery store management business because food product is something that is essential for all people. Food is one of the basic human needs without which people cannot survive. So at any cost people resort to grocery stores to buy food. In that case I think running a grocery store is one of the best businesses that if managed properly can expect high profits very quickly. I have filled various foods from the grocery store many times and I have found that they are running their business quite well.
I know another fact that in grocery store business at the end of the day traders earn a good amount which motivates them more in business. Since people cannot survive without food, grocery store products must be purchased by people. Therefore, according to my opinion, selling grocery store products such as rice, dal, flour, different types of edible oil, soap, semai, noodles, sugar etc. is the most profitable business considering the customer's side and according to the market demand.
I never think that money alone can make a business successful but to make a business successful a businessman must have several special qualities.
Business Plan: Before starting a business it is very important to have a business plan because I need to understand what business I am doing and how my business needs other people. Moreover, I need to know what materials are required for running the business and at the same time I have to choose my place for running the business where there is a lot of people movement. It is possible for a businessman to profit by doing this.
Legal measures for starting business : I must take legal measures to get advance knowledge about the necessity of my business for the country and nation and whether I am buying and selling any kind of illegal goods. Also there is a legal system required to start a business with various legal information related to prohibited accounting products in the market and how best to conduct the business.
Registration of Business Name : According to my business idea I will decide the business name because it is important that what kind of business I am running and people will come to me to buy their required products according to this business name of mine. Attracting customers as needed by registering names is one of the most essential things in business.
Consideration of custormer demand : Before running a business I have to keep in mind what is the demand in the market for the products that I will sell. If I use those products in my business management as per customer demand then I will be profitable in my business very quickly.
Site determination: Place for business should be determined in populated areas, roadsides or more residential areas. Because I need customers to run my business that's why I always have to consider the customers aspect and I have to decide the place which is very important to run a business.
Investment: Finally, before starting the business, I need to make a minimum investment in the business, through which I can raise the necessary products in my business or shop, which I can later sell to the customers according to demand.
I will invest Bangladeshi 10,00000 or 45,454.54 Steem to start my grocery store business. In this case, I will buy all the products needed for the grocery store. Separately for the purchase of all these products I will make a chart in advance in which I will bring the products to my store according to the needs of the customers. Commodities like rice, dal, flour, edible oil, soap etc. will be on the top of my list which I will bring more for my shop because these commodities are bought in large quantities by the customers.
On the other hand, I will start my business by purchasing some other products like tomato sauce, tissue, onion, garlic etc. At first I will start my business by selling all these products and later I will start bringing different goods to the store according to the customer's demand and then a new revolution will happen in my business management which will make me profitable.
First I will start my grocery store business in my village where many people live. So I will supply my products to the buyers as per their demand. In this case all the people of the village directly come to the store and buy their required products for which there is no need to make this business online based. Moreover, the people of the village are busy with various activities for which they do not have time to use mobile phones. Moreover, the elderly people in the village know very little about mobile phones, because of which they buy their necessary products from the shops.
Since my business start-up will start with less investment, I will manage my business according to the customer's needs. But if my customers are far away from my village and their number is high, I will resort to online medium to sell my shop's products. But in this case I need to increase my business service. In all cases I will conduct my business in any way according to the needs of my customers.
First of all it is very difficult to get a good job in our country that's why I got motivated for this business considering various aspects. Moreover I have seen my familiar uncles and my friends who are running their business by selling food products through grocery stores. I was mainly inspired by them because I saw that the losses in these businesses were very low and the profits were very high. Moreover, I have observed various grocery stores that there are always crowds of customers, which means that other sales of these stores are very high. And as a general rule, the store that sells more products has more profit.
Although I myself have visited many shops and an uncle's shop near my house is constantly crowded with people who come to the shop to buy various food items. Also talking to my uncle I came to know that he earns a lot of profit every month from this small shop of his which makes his family quite comfortable.
I invite my dear Steemian friends : @shiftitamanna, @jyoti-thelight, @goodybest, @shahid76, @drhira, @max-pro, @ashkhan, @lirvic
X share link is here 👇👇
https://x.com/KamranLeto48020/status/1855520873186508916?t=VX0yktEVM3U452m5oaeoow&s=19
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