The first thing to do when venturing into frozen foods business is to conduct research, Mrs Adedeye said, adding that, though, one do not need to attain a degree, but would need to have basic knowledge on how to operate the business in the country.
“You need to have a business plan, if you want to be successful in the business. You need to know how much to raise to start the business and where to buy your frozen foods at a cheaper rate,” she stated. Next is to follow the business plan, starting with business registration with C.A.C, the frozen foods seller disclosed. After that, Adedeye said one needs to rent a shop at a very busy place, and next is to buy a very good refrigerators because that could make or mar your business.
In a place like Nigeria, where power supply is not stable, one will need to have backup generators or solar panel, and a good stabilisers to avoid stories that touch the heart, she advised.Frozen Foods Business is very lucrative in Nigeria, Mrs Adedeye confirms, adding that, “like I said earlier, i was able to train my children in the higher institution as a result of the business.
“I started the business with just N200,000, but right now the frozen foods in my shop is worth more than N5 million. The more money I put into the business, the more the profit,” she says.