The idea of starting a business is exciting. But many ideas require time, money, and risk. Contrary to popular belief, there are actually many ways to start a business that let you focus less on the logistics and upfront costs and more on getting started.

These small-business ideas make a great entry point for beginners, bootstrappers, or anyone with a busy schedule, and let you pick up a side business without having to drop everything else.

You still need to come up with a solid idea, build a brand, put effort into marketing, and provide excellent customer service. But there are ways you can bypass many traditional startup costs, such as initial inventory, warehousing, and retail space.

Here are examples of business ideas you can start on your own with a small investment.

The major dream of most Entrepreneurs is to someday have their own business. Having your own business is sweet because you can afford to do things when you want it without your boss looking over your shoulder. But as cool as it sounds, starting a profitable business is a very demanding task that only a few businesses survive.

According to Collins Dictionary, Business is work relating to the production, buying, and selling of goods or services. There are no limits to who can become a business owner or an entrepreneur. You do not need a huge sum of money in your bank account or a degree to become run your own business.

However, what you need is a good business idea, a concrete execution plan and passion to wake up every morning and keep grinding.

In this article, we will be sharing the key steps and processes of what you need to start a lucrative business in Nigeria.

key steps and processes of what you need to start a lucrative business in Nigeria