JUST FOR THE LAUGHS, ....
Its been a long day, so please don't blame me if i want to have some fun. 

GOOD NIGHT PALS !!! 
yugoboss

ENTREPRENEURIAL SERIES part 2 - BEER BAR BUSINESS

First, we shall look at the various types of bars and clubs entrepreneurs can consider…

(1) Beer bars and parlours 

 While wine, champagne and exotic spirits are the preserve of Africa’s elite, beer has become the most widely consumed beverage in all of Africa (apart from locally brewed gins and spirits).

Beer appeals to all sections of the Nigerian society and is the cheapest and most affordable of all brewed and distilled alcoholic drinks.

Beer bars are very common across Nigeria and can be found along highways and places around both low-income and upscale communities.

These bars have become very popular because most people (rich and poor) like to relax alone or with friends at a bar during weekends or after a hard day’s work.

(photo credit: Shangri-La hotel, Accra)

Beer bars/parlours have increasingly become the top recreation destination for single and married adults, business people and tourists.

Bars may come with a full restaurant option and chilled beers are often served with light snacks like groundnuts, snail, beef or chicken barbecue and fish pepper soup.

The huge popularity of sports like football in many parts of Nigeria attracts a lot of people to these bars. As a result, many bar owners have adopted a common tactic of having big-size TV sets on the premises to attract customers. Sometimes, live bands are hired to provide entertainment.

A beer parlour is the easiest and cheapest route to enter the evening/night life entertainment market in Nigeria. It requires much less capital and sophistication compared to night clubs and specialty bars.

A good location in a very populated and accessible part of town, competitive prices and excellent customer service is often enough to achieve success in this segment of the market.

 


yugoboss

ENTREPRENEURIAL SERIES part 1 - WINE BAR BUSINESS

When the thought of a bar comes to mind,

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we begin to think of the fun, friends and laughter we are bound to encounter in the bar, whether beer bar, sports bar or wine bar, whichever way, it is bound to be fun, fun and fun all the way.Happy thoughts like these becomes the driving force that makes us want to monetize our bar experiences and smile to our banks while catching all the fun in the world. Did I hear someone say, “Now, that’s the kind of business I would like to do”??

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 Well, it doesn’t end in the wishing alone. There are a few hurdles that need to be crossed before cashing in on your fun experience.

In this edition of our entrepreneurial series, we have decided to throw some light on what to expect and as well help intending entrepreneurs’ plan their way into their respective business empires

Owning your own bar/club can mean long hours, 

meticulous attention to detail, giving up vacations 

and weekends, and sometimes dealing with unruly customers. But if you have a clear vision, do your homework and learn the ins and outs of the business, it can also translate into a rewarding and financially successful enterprise.

Across the world, bars and night clubs are symbolic features of every city’s social life. With one of the world’s fastest rising urbanization rates, Nigeria’s cities are becoming hotspots for single professionals, young adults, tourists, and business travelers who want to connect and have a great time over drinks, food and music.

The growing spending power, Nigeria’s overwhelmingly young population possesses and huge appetite for fun and partying makes the nightclub business an attractive prospect for entrepreneurs and investors.

While owning this kind of business will be great for your pocket and social status, it’s a tough one to operate.

So, sit back, relax and read on while i take you on an expository ride through the nitty gritty of one of the biggest business plans in recent times.

Cheers.
yugoboss

NIGERIA'S SOCIAL AND NIGHT LIFE BUSINESS, A GOLD MINE YET UNTAPPED.

Why Africa’s social and night life businesses are booming.

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According to a recent McKinsey research, Africa has the world’s youngest population – more than 50 percent of its people are under 20 years old, compared with only 28 percent in China. The 16 to 34 age bracket now accounts for roughly 55 percent of income.

These young people have more money to spend. They are also aware of, and strongly influenced by, the latest fashions in clothes, music, dance, drinks and style.

Many of them are working class and single professionals who make up Africa’s rapidly expanding middle class. Their numbers are expected to reach 1.1 million in less than 20 years. 

Nigeria makes a great example to drive home this point. With the largest population in Africa, Nigeria’s overwhelmingly young and brand-conscious youth has contributed to the country’s rising profile as one of the world’s largest consumers of champagne.

In 2011 alone, Nigeria consumed more than $40 million worth of champagne to become the second largest consumer of the product in the world ahead of rapid growth and established markets like Brazil, China, USA and Australia. Nigeria’s champagne consumption is projected to exceed $100 million in less than five years (2017). 

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The bar and night club business can be an exciting experience and may appear to be the perfect idea for many entrepreneurs and investors. However, success in this business requires a deep understanding of the market you intend to target, their tastes and needs.

In addition, anyone interested in this business must be in the spirit of the times and closely follow trends in fashion, music, entertainment, food and drink.

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 A good place to start would be to explore the different opportunities to serve the huge relaxation and partying market in Nigeria.

In our subsequent posts on the entrepreneurship series, we shall look at the various types of bars and clubs entrepreneurs can consider…

God bless.

-yugoboss

Hello people, 

We are proud to announce the commencement of our entrepreneurial series. This happens to be our way of adding value to our society. 
At GeoWorldDesigns we believe strongly in helping others to make their own BIG catch ! 
This explains our slogan; empowering lives, impacting our generation !!!

WHAT WE INTEND TO ACHIEVE 
* Raising an army of professionals who despite the world economic crunch would still run business empires that would thrive with he tide. 
* Empower this army of entrepreneurs with business ideas based on their geographical location and other resources available in the disposal of the entrepreneur. 
* Offer Support amidst other forms of aide to the entrepreneur in his/ her chosen field of investment. 
* Offer market research services and other business consultancy services which includes advertising and PR. 

So people, as you can see, its gonna be an interesting ride. Why not grab a pop-corn and subscribe to this post for regular updates on latest investment options and news. 

GWD entrepreurship series, empowering lives, impacting our generation !!!