This document provides an overview of starting a business, including defining business, reasons for starting a business, steps to consider before starting a business, what makes a business successful, why businesses fail, and words of wisdom. It discusses researching the industry and competitors, planning the business, properly managing finances, and committing plans to God. It also lists types of start-up businesses and notes that committing work to God and gaining knowledge are important for success.

1. By
ANGELA IHUNWEZE(Mrs)
(Business consultant/ business plan writer/speaker)
/
0704597 08033280453

2. CONTENTS
 DEFINITION OF BUSINESS
 REASONS FOR STARTING A BUSINESS
 STEPS TO CONSIDER BEFORE
STARTING A BUSINESS
 WHAT MAKES A BUSINESS
SUCCESSFUL
 WHY BUSINESSES FAIL
 WISDOM

3. DEFINITION OF BUSINESS
 A commercial activity engaged in as a means of
livelihood or profit, or an entity which engages in such
activities.
 Any activity or enterprise entered into for profit. ( It
must be legitimate and most especially Godly)
HE THAT TILLETH HIS LAND SHALL HAVE PLENTY OF
BREAD:BUT HE THAT FOLLOWETH AFTER VAIN PERSONS
SHALL HAVE POVERTY ENOUGH( Proverbs 28v19)

4. REASONS FOR STARTING A BUSINESS
 To augment your income. (In the morning sow your seed, and at
evening do not let your hands be idle; for you do not know which will prosper,
this or that, or whether both alike will be good.) Ecclesiastes 11v6
 No fulfillment in the paid job or present career
 Have a flexible working pattern; this allows you to do
other things
 Desire to eradicate poverty for good in your lineage
 You have a strong conviction that this is the will of God
for your life. Isaiah 48v17(Thus says the Lord,
your Redeemer, the Holy One of Israel:
I am the Lord your God,
who teaches you for your own good,
who leads you in the way you should go.)

5. STEPS TO CONSIDER BEFORE STARTING A
BUSINESS
 Seek the face of Almighty God on His will and direction for your
life especially as regards business. Deuteronomy 8v18, Isaiah
48v17
 He will lead you along your flair, your talents. This equally
involves undergoing a personal assessment test
 The business you may be interested in belongs to an industry
and it is governed by regulations and a pattern of consumption
by consumers. To excel in business, you must undergo thorough
research to be aware of all that is involve to succeed. Luke 14
28v30(28. For which of you, intending to build a tower, does not first
sit down and estimate the cost, to see whether he has enough to
complete it? 29.Otherwise, when he has laid a foundation and is not
able to finish, all who see it will begin to ridicule him, 30. saying,
“This fellow began to build and was not able to finish.” )

6. STEPS TO CONSIDER BEFORE STARTING A
BUSINESS Part 2
 Research to investigate the following:-
1. The industry, the players, the regulators, the standard
pattern of operation, the cost of setup, trade associations
that protect the interest of those in the business you
wish to start
2. The consumer groups that exist
3. The competitors
 Register your business name as divinely inspired by
Almighty God as soon as possible with the Corporate
Affairs Commission
 Plan on how to enter the market.

7. STEPS TO CONSIDER BEFORE STARTING A
BUSINESS Part 3
 Plan your business, however the size. Failing to plan is planning to fail.
(For which of you, intending to build a tower, sitteth not down first,
and counteth the cost, whether he have sufficient to finish it?029:Lest
haply, after he hath laid the foundation, and is not able to finish it, all
that behold it begin to mock him,030:Saying, This man began to
build, and was not able to finish) Luke 14v28-30 .
 Planning is an act of formulating a program for a definite course of
action;
 A business plan is a written document that outlines all the elements
that will transform your idea into a viable business venture with the
aim of achieving profit to all stakeholders
1. Yourself the promoter; alleviate poverty
2. Outside investors; create wealth
3. The economy; job creation as well as revenue from taxes
4. The environment at large; curb social ills
 Undergo training on the technical as well as business management
system of operating the business of interest.

8. WHAT MAKES A BUSINESS SUCCESSFUL
A successful business is a business that is well planned
and executed and achieves the goals and objectives of
its creation. This ensures that all stakeholders in the
business are adequately taken care of. Proverbs 27v23-
27(Know well the condition of your flocks, and give attention to your herds; 24
for riches do not last for ever; and does a crown endure to all generations? 25
When the grass is gone, and the new growth appears, and the herbage of the
mountains is gathered, 26 the lambs will provide your clothing, and the goats
the price of a field; 27 there will be enough goats' milk for your food, for the
food of your household and maintenance for your maidens.)

9. WHY BUSINESSES FAIL
 Failure to heed to the leading of Almighty God. Isaiah
48v17-18
 Failure to properly research to keep abreast of all the facts
Luke 14 28v31
 Failure to plan (Failing to plan is planning to fail)
 Not having the right frame of mind to start.
 Lack of discipline in money management not saving for the
rainy day. Proverbs 21v17
 Failure to seek for help when in of one. Proverbs 19v 20

10. Wisdom
 Commit your work to the LORD, and your plans
will be established. Proverbs 16v3
 It is not good for a man to be without knowledge,
and he who makes haste with his feet misses his
way. Proverbs 19v2
 He who loves pleasure will be a poor man; he who
loves wine and oil will not be rich. 18 The wicked is
a ransom for the righteous, and the faithless for
the upright .Proverbs 21 v17

11. Raising money for your business
 Using your savings
 Selling some of your personal effects
 Re-investing money made from your business into the
business
 Accessing external funding from friends,family and the
banks either commercial or government owned banks as
the BO1
 Accessing grants from organisation example is the Federal
government project
 Over 2,400 people across Nigeria have accessed these funds

12. Angela Itambo Start-up business guide lists each is electronic
@ N1000 each1.Agro-allied
2.Meat processing
3. Out-door catering
4.Bakery
5.Fast food restaurants
6.Cake making
7.Juice bars
8.Non –alcoholic
cocktails
9.Finger foods
10.African Finger
foods
11. Bar
12.Export of non –oil
commodities
13.Furniture making
14.Interior decoration
15.Dry cleaning
16.Travel and tours
17.Car wash
18.Petrol station
19.Consulting
20.Haulage
21.Drug
store/pharmacy
22.Training and
consulting
23.Media business and
entertainment
24.Wedding co-
ordination
25.Gas plant
26.Salon for children
27.Life coaching
29.Business center
30.Cyber café
31.Day care center
32.Event decoration
33.Facility
management
34.online-clothing
35. Wellness
center/spa
36. Saw dust
briquettes
37. Private tutoring
center
38. Fashion label
39.Laundry
40. Poultry
41. Cleaning and

13. ANGELA IHUNWEZE
SAYS
Isaiah 1v19 says if you
are willing and obedient
you shall eat the good
of the Land
THANK YOU