7 Steps on how to start up POS business in Nigeria
Starting a POS (Point of Sale) business in Nigeria can be a lucrative and rewarding venture. Here are some steps you can take to start up a POS business in Nigeria: 1. Research the market: Conduct market research to determine the demand for POS services in your area. This will help you determine the viability of your business idea and develop a strategy to differentiate your business from competitors. 2. Obtain necessary licenses and permits: Register your business with the Corporate Affairs Commission (CAC) and obtain necessary licenses and permits from the Central Bank of Nigeria (CBN) and other regulatory bodies. However, this is not compulsory, but having a registered business name is very good. 3. Secure a location: Find a suitable location for your POS business, preferably in a high-traffic area such as a shopping mall, market or busy street. Probably, you can go to a place where there's less competition of other POS dealers. 4. Purchase equipment : Purc...