Life After NYSC: Businesses You Can Start With Less 100K

Nigeria’s economy has been in a downward spiral for some time. Many people’s living standards are far too poor. Getting a job after school has become a phantom, and the situation is just getting worse on a daily basis. These truths are evident to the blind and audible to the deaf, and any Nigerian undergraduate would be dumb not to plan for their financial future after graduation.

In this post I will be outlining some small scale businesses that you can venture into after NYSC with as little as 100k, here in Nigeria.

Phone Charging Business

It is no longer news that maintaining a reliable and consistent electricity supply in Nigeria is difficult. The folks who do not have an alternative source of power are your target audience for this business. As a result, this should be taken into account while choosing a site for your firm.

This business requires only a power source and a large wooden board with numerous switches to accommodate a large number of phones.

The NYSC camp is an excellent location for this business idea, as the corpers have nowhere to charge their phones and would be willing to pay any amount to do so. Rural places are also viable options for this type of business.

Production And Sales Of Bedsheet And Pillowcase

Every home should have at least one or two bedsheets, with some families having as many as five, depending on their size.

As a Youth Corper, you don’t need to break the bank to start this business. You can purchase high-quality materials in bulk and then hand them over to a skilled tailor who will sew the materials into bedsheets and pillowcases. You can then sell your items on social media.

Laundry/Dry Cleaning Services

This is a very viable business that can grant you financial freedom post NYSC.

To begin, reach out to families who require this service so that you can assist as many as possible. Depending on how you package yourself, each family can pay you anything from N3000 to N10,000.

A modest washing machine and an iron are all you need to start a dry cleaning business. You can start small and scale up as your company expands.

POS Business 

Do you realize that some people despise going to the bank or the ATM? It just feels like a massive punishment to them. Even if they are charged a transaction fee, they prefer to walk into a local e-payment outlet for their banking activities.

You can work as a banking agent and run your own e-payment business. To become an agent, go to any bank of your choice and apply to be one of their agents. After completing the registration process, you will be handed a POS machine. Some banks provide their POS for free, while others demand a nominal fee.

Barbing

Males and females with a low cut must trim or have their hair cut on a regular basis. The argument is that individuals always go to a barbershop to get their hair cut or their beards shaved. You cannot go wrong with this business concept because there is a ready market for it.

All you need to get started is a store, clippers, little combs, sterilizers, and a generator, among other things. Depending on the area, this won’t cost more than 100,000 Naira to establish.

Pop Corn Production And Sales

Popcorn is one of the many pleasures in life for which I am grateful. Almost everyone, young and old, male and female, enjoys it. Popcorn is also an excellent movie companion.

As a result, you can’t go wrong pursuing this business opportunity. Fresh and wet corn, a popcorn machine, sugar, salt, butter, and any additional flavor you want to add are all you need to start this business on a modest scale.

Football Viewing Centre

Football fans will go to great lengths to see their team, country, or favorite player compete. Given a result, this company concept will be a profitable endeavor, as the football sport has a large fan base around the world.

All you need to establish a football viewing center business is a nice site, a generator, a flat-screen television with at least a 32-inch screen, and a Dstv or Gotv decoder. To supplement your income, you can sell cooled drinks and grilled ‘protein’ at your observation center.

Bead Making

Many of the corpers I know supply fine beadwork to high-end boutiques and fashion stores. There are no limits to the wonders that can be created with beads — necklaces, bangles, bracelets, purses, shoes, flower vases – and it’s a very profitable business that any enthusiastic corper may undertake in their leisure time. You can learn the skill if you don’t already have it. Indeed, you should prepare for it.

If you’re good at making things out of beads, try to package them well and approach high-profile businesses in your PPA (Place of Primary Assignment) for business. Soon, you’ll be able to establish your own business and earn the kind of money that will wow you both during and after your youth service year.

Cooking & Delivery Business

Due to their hectic schedules, many people no longer have time to prepare any meal for themselves or their families, while others enjoy wonderful, delectable meals but lack the skills to prepare them.

This business may be ideal for you if you have a skill or passion for cooking or if you have been thinking about what type of business you can start with 100k as a youth corper in Nigeria in 2023.

Car Wash Business

It’s crucial to note that, depending on your plan and business ideas, the car wash business can make you a lot of money, so you should become serious about it, even if your budget is only 100k. It’s a business you can run everywhere in the country, not just in Lagos, but you’ll need a great location with access to water.

In conclusion, any of the businesses listed above can set you on your path to financial freedom as a youth corper. You can start any of them without breaking the bank and grow it steadily at your own pace. You no longer have to depend on the government for jobs when you can create one for yourself. Let’s know your thoughts about the listed businesses in the comment box.