With the Nigerian economy, starting and maintaining a business can be frustrating but if you find the right business in the right environment, you'll excel.
As most people are beginning to embrace healthy living, smoothie business has become quite lucrative. A smoothie business can be likened to a fruit juice enterprise. A smoothie is a thick beverage made from blended raw fruit or vegetables with other ingredients such as water, ice, dairy products or sweeteners.
The fruits needed for the production of smoothies can be readily found in the local market or supermarkets. So, you don't have to worry so much about getting your materials. Smoothie business can get earn you a fortune of you do it right.
If you are planning to start a smoothie business soon, here are some of things you need to know.
1. Learn how to make smoothie
The first step you need to take before starting the business is getting acquainted with the various smoothie recipes which the internet can provide. Ensure you learn different methods and try them on your own to know which tastes better. Videos are available on YouTube for you to watch so you can learn fast. Just make sure you have an ample information and you're well-skilled for the production.
2. Draft a business plan
The next step is to draft a business plan that would help you run the business without hiccups. Make sure you include all the necessary factors and equipment needed to have a successful business. It's important you follow through with your business plan.
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3. Search for a suitable location
Do you the location of a business outlet has a lot to do with the success of that business? This is why you need to pay ample attention to where you'll be selling your smoothie. When securing a location for the business, you have to consider different factors like the exposure, neatness, accessibility for customers, space and many more. Make sure it’s neat and entertaining because some people might want to have their smoothie right at the point of sale.
4. Find out about your competition
Competition is inevitable in business. For you to be successful in the business world, you need to know your competitions. Conduct a thorough research about your competitions and find out why they are successful, in addition to what makes them stand out. Then figure out how to be better than them.
5. Register your business
We bet you don't want to have the law enforcement agencies shutting down your business when it has already commenced, so, get it registered. Register your business with the right bodies. Also, find out where you have to register your product so you can have a concrete plan on how to do that.
6. Source for funds
In business, finances are very important. Are you financing the business or you need to source for the fund? You need to get your capital ready before you can start the business.
7. Purchase your equipment
Production obviously needs some equipment to commence. Make sure you have the right pieces of equipment for the production of the smoothies. Have quality in mind when getting these pieces of equipment which include blender, cup, straw, juice extractor and many more.