A business opportunity refers to a favorable time or occasion to start a business idea or launch a new product into the market. A good example of a business opportunity is when a need is identified within the market that either no companies currently fill or existing companies are not adequate.
The concept of a business opportunity is always present within the business market. It is about taking advantage of a consumer need, satisfying a demand or presenting a new service or product to the market that stands out for its innovative potential.
Introduction Corn flakes have become a staple breakfast cereal worldwide, offering a convenient, nutritious, and affordable meal option for millions. In Nigeria, the growing demand for ready-to-eat food products like corn flakes presents a lucrative opportunity for entrepreneurs and investors looking to venture into the food processing industry. With Nigeria’s large and youthful population, a…
Introduction Nigeria, Africa’s most populous nation, faces a growing waste management crisis. With over 200 million citizens generating vast amounts of waste daily, the country’s cities and towns are grappling with overflowing dumpsites and environmental degradation. However, hidden within this challenge lies a golden opportunity: converting waste to wealth through innovative recycling solutions. The Waste…
When it comes to profitable ventures in Nigeria, the Rice Value Chain is one sector worth exploring. The Rice Value Chain is a significant component of Nigeria’s agricultural industry, contributing to economic growth and development. Understanding the components and potential of the Rice Value Chain is essential to unlocking profit potential in Nigeria. Key Takeaways:…
Introduction The orange is a usually round or oval citrus; its rind and flesh are generally orange, except the varieties of red pulp. Uses Orange as a key ingredient for making: Juice Sauce Oil soap Production, export, import and consumption in Nigeria Production= 4,112,301, Export= 1.43, Import= 1.07. (source: FAOSTAT) Growing Orange Sandy loam soil that…
Introduction The goat or domestic goat is a domesticated species of goat-antelope typically kept as livestock. It was domesticated from the wild goat of Southwest Asia and Eastern Europe. The goat is a member of the animal family Bovidae and the tribe Caprini, meaning it is closely related to the sheep. Uses Goat is a…
https://www.youtube.com/watch?v=XHOmBV4js_E Introduction Zobo (Zoborodo) is a Nigerian beverage made from dried Hibiscus. The drink is also known as Roselle drink and called Sorrel drink in the Caribbean. Zobo has a sour taste so it can clash with sugars. Are you interested in this business opportunity and would like to know more? We can also facilitate…
https://www.youtube.com/watch?v=XHOmBV4js_E Introduction A hide or skin is an animal skin treated for human use. The word “hide” is related to the German word “Haut” which means skin. The industry defines hides as “skins” of large animals e.g. cow, buffalo; while skins refer to “skins” of smaller animals: goat, sheep, deer, pig, fish, alligator, snake, etc. Uses Hide skin as a key ingredient for making: Leather goods Footwear Cloth Traditional drum…
https://www.youtube.com/watch?v=XHOmBV4js_E Introduction Sheep or domestic sheep are domesticated, ruminant mammals typically kept as livestock. Although the term sheep can apply to other species in the genus Ovis, in everyday usage it almost always refers to Ovis aries. Like all ruminants, sheep are members of the order Artiodactyla, the even-toed ungulates. Uses Sheep as a key…
https://www.youtube.com/watch?v=XHOmBV4js_E Introduction Cocoyams are herbaceous perennial plants belonging to the family Araceae and are grown primarily for their edible roots, although all parts of the plant are edible. Cocoyam consists of Vitamin B1 which is also known as thiamine is a crucial vitamin for increasing focus, energy, fighting chronic stress, and perhaps preventing memory loss. Several researches…
https://www.youtube.com/watch?v=XHOmBV4js_E Introduction The pods of the tree, commonly referred to as locust beans, are pink in the beginning and turn dark brown when fully mature. Local research has shown that locust bean helps to promote good sight and drives away hypertension and diseases conditions like stroke and diabetes. It also contains tannins, astringent substances found in many plants….
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