Friday, 01 November 2024

Nigerians should Venture into Spare parts, Hardware, Medicine Businesses – Francis John, USA

Nigerians should endeavor to venture into Spare parts, Hardware, Medicine Businesses, etc. These businesses are live-line, live-long to any serious nation, as such, must not be taken for granted, there is need to spread out and not to be used as a threat or monopolized accordingly.

Government must step-in, provide enabling environment, supporting and encouraging all these businesses regardless, including spare parts. While providing such services, government must also ensure correct taxes are paid as at when due by vendors and must not buy into vendors’ or dealers excuses, because all sales are cash transactions.  These businesses are renowned to generate huge returns on turnover, consistent profits to vendors and revolving revenue to Government for many years, while providing permanent employment and meet needy services in a timely manner.

Other Nigerians have been hesitant about venturing into these, maybe for lack of awareness and necessary backings. It is observed that despite the fact that these businesses are operated globally as consumables and in constant demand, they have been neglected for too long and must not be taken for granted, as currently observed to be monopolized. If this is allowed, it will cripple businesses, the economy at large and eat deep into President Muhammadu Buhari’s efforts to fix ongoing sagas.

According to Houston Chronicle-Hearst Newspapers “You can grow a spare parts business by running short-term promotions to boost sales or investing in the service you offer. Offering customers better valued, faster delivery, a larger range, better quality or specialist products that are difficult to obtain elsewhere can help you to build stronger, long-term customer relationships. To grow your business, you need to identify prospects that need the type of products and quality of service you are offering and communicate the benefits clearly.”

Therefore, I  ascribe to: “A mistake is A mistake – It’s a Mistake to Repeat a Mistake”. Government involvement and financial assistance will make a great difference, in the way and manner such businesses are currently conducted.”, Yesterday and Today interrelate; serve as a lead in resolving mistakes and sealing loopholes. It is a global world, where all can freely source!

 

 


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