My Ideal Business - LOH Contest #252

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Hello everyone!

How are y'all doing? Hope you're doing great. Welcome to my blog. I'm excited to be part of this week's prompts by @jane1289 which I'll like to answer the first question which is;

If given a chance, what type of business would you put up, and why?

Setting up a business requires putting certain prerequisites into consideration. Such requirements are; the type of business, is it lucrative? Because whether I like it or not, as a business person I want to make a profit. I must have passion for the business, when the profit isn't coming as expected, it's my passion that will keep me going.

The problem it would solve in the environment or community I am in is also very important to take note of. Then the cost of setting it up, is it cost effective? If not, is it something that falls within my budget? Or how do I plan to source funds? Then, my targeted customers; who are they and how do I intend to reach out to them?

I will also consider my targeted market; what kind of service would I render to make me stand out among others, is it delivery? My expected profit; what's the average profit I'd want to make on a daily, weekly or monthly basis? etc.. These and more are things I will put into consideration before starting off.

Now, coming to the question, if I have the opportunity to set up a business today, having considered the aforementioned, the type of business I'd venture into would be packaging. Packaging of snacks like plantain chips and peanuts. Why did I choose this?

Here's The Reason

Irrespective.of the economic clampdown, people must eat. And a lot of people like students, kids, office workers, and travelers like to snack on these items. Looking at what's obtainable in the market are mostly locally prepared ones with poor packaging and hygiene. Packaging it in a hygienically, labelled pack would make it stand out and attractive.

Again it does not require a high start up. With $20-$100 I could put up such a business and I could start it from my home and scale up as my customer base increases. While starting out, to build my customer base, I'll target schools, offices, supermarkets and motor parks to create awareness. I'll also look around my neighborhood, and do door to door marketing to create more awareness.

So, this is my take on the question asked.

Thanks abundantly for stopping by. See you in my next post.

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36 comments
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@ivyann, You have received 1.0000 LOH for posting to Ladies of Hive.
We believe that you should be rewarded for the time and effort spent in creating articles. The goal is to encourage token holders to accumulate and hodl LOH tokens over a long period of time.
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🎉 Love seeing your creativity with the #hueso tag! 🦴 You received 1 Hueso token gift.

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What a great idea and a very original business. For example, I love eating packaged nuts because I can keep them in my purse and take them anywhere.
I hope you have success in this business and in everything you do.😊

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That's the deal!

Your nice words are heartwarming, I deeply appreciate it, thanks 🙏

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Love your business idea! It sounds affordable. Not only los cost but also high demand. I really admire you plan, best of luck.

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Thank you! Sure, it is!

Thank you!🤗

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Sounds like an interesting business, why not do it?
Opportunity doesn't just arrive we have to look for it and often create it.
You have visualised, now create a plan, then take action.
If you don't someone else will.
@ivyann
Have the best day

Made in Canva
!ALIVE

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Absolutely! It's in my plan already.

Thanks for your encouragement, well appreciated. 🙏

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Interesting!!!!
You sound like a real business guru.

It is very important to do thorough background check before starting any business.

Your designs are very beautiful ma'am.

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Yes dear, background check is very necessary before starting up.

Thank you so much, I deeply appreciate.🙏

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Wow 😲, this is a very brilliant post indeed, keep it up going and never tire out.

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Your nice words are heartwarming, thank you so much 🙏. I will!

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This is an amazing business idea! I think you should look into it and It’s cost effective as well… I for one love peanuts and it’s also an affordable snack. This seems to be something you’re really passionate about and I wish you success🤗🤗

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Yes, I am! Thanks so much 🙏

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Great business, very lucrative
Go ahead and explore this business initiative

Wishing you the very best

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You're correct! It's very lucrative.
I'm actually thinking in that direction.

Thanks for stopping by

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Ingredients are easy to find and affordable.. that's a nice business idea

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Peanut snacks business is very lucrative, I've done that when I was an apprentice, I used it to support myself while learning work

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You're correct! It really is. Wow that's great!

Thanks for stopping by!

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"Selling affordable, nutritious, convenience and affordable snacks!" If it catches on, this side gig can grow into a full time business potential.
!LADY

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Absolutely! You're right!

Thanks for stopping by

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