Author: Saviour Adugba

Starting a business could be one of the most rewarding things you would ever do. For one, you will be the boss of yourself; which means that you control your working hours, your schedule and your risks. More importantly, you will be making a living for yourself! Which is fantastic.

For starters, there are some things you need to put in mind before starting a business.

1. WHAT KIND OF BUSINESS DO YOU WANT TO ENGAGE IN?

One of the best ways to do good business is to look out for a problem in your neighborhood, community, street, etc. and look for a solution to it.

If you are short of a business idea, then you should consider becoming a VTpass terminal agent. If you don’t know how to, read this post here on how to become a terminal agent.

2. HOW TO START YOUR OWN BUSINESS: CHOOSE A GOOD LOCATION

Another important step when one is trying to start a business is looking for a good location. Many franchisers in business consider your outlet location as a paramount prerequisite before granting or denying you a franchise. This means that the business world and indeed business people are aware of the importance of location. Choose somewhere that is located near your target audience and somewhere that is quite accessible.

Here are a few order things you should do when starting a business.

1. Own your name. Make sure the company name you choose is one with an available trademark and Internet domain name. To see if a trademark is available, you can do a trademark search online through the United States Patent and Trademark Office’s website. Failure to properly obtain a trademark could put your fledgling business at risk — not to mention that the time and money you have invested in establishing your business name could go to waste if someone else owns the trademark. Don’t assume your new business name is not trademarked because you were unsuccessful finding such name on the Internet, either. Someone could have used the name for a business that closed, or filed a trademark and never used it.
2. Get in with the law. Understand what regulations, licenses and taxes you will need to follow, obtain and pay for your new business. After doing some initial research on your own, consult with a lawyer and accountant to confirm your understanding and to help structure your business to be in compliance with the law. Generally speaking, you will need to need to (i) ensure you are charging the correct amount of tax your service or product that your business is promoting, if applicable and (ii) obtain all of the proper licenses needed to run your new business, at a minimum. Establishing a successful business is hard enough. The last thing you need is some technical legality or administrative detail to stand in the way of your success.
3. How much do you need to live? When working on your business plan, do not forget about the most important factor: YOU. You need to take into account your living costs. Rent, mortgages, and health insurance — these are all things that don’t pay for themselves. You will most likely need to cut out all the unnecessary extras you can live without. Make sure you account for unforeseen or unexpected expenses by factoring a little flexibility into your budget for those “just-in-case” moments. You might even consider taking a part-time job until things pick up with your new venture and speak to a financial planner to help you budget yourself properly.
4. Where are you in your life? Starting a new business takes brains, bravery, and what will seem to be endless hours of hard work. When you own your own company, there is always something that has to get done. You will most likely find yourself working at least 60-80 hours a week for the first two years. With that said, I’ll ask you one very important question: Are you ready to give up your personal life for the next three years?
5. Don’t over — or underspend. Starting a business can be incredibly financially tasking on you and your family. You will need to learn where and when to spend. It’s important not to waste those precious seed dollars but it’s equally important to spend where necessary. In any business, you often have to spend money to make money.  Don’t skip out on things your company needs. For example, it may be worth it to put 1500 Naira in an online vendor listing, but it may not be necessary to give every new customer a 15 Naira mug. Be sure to keep up with technology too — there are many time-saving programs and apps (including free or inexpensive ones) that can help you keep track of it all, and as we all know, “time is money.”

VTpass is an online bills payment/processing platform with a fast-growing network of agents across the country. In earnest, the acronym VTpass translates to V-voucher, T- ticket, and P pass. And that’s exactly what we are specialised in. We look forward to a time where you can pay for all your on one platform with us!

VTpass, as we know, is a bills payment platform designed to help individuals make payments for various services ranging from TV subscription, electricity bill payment, airtime recharge, internet data purchase, education bill payments, event tickets and lots more.

With its very robust API, VTpass powers a lot of third-party platforms who provide similar services.

Furthermore, here are five reasons why you should trust VTpass for online bills-payment;

WHY CHOOSE VTPASS: IT IS EASY to use

Simply visit www.vtpass.com on your browser or download the VTpass app for android to make bills-payment

SECURE

All transactions carried out on VTpass is 100% secure and you would only be charged upon confirmation. Your credit/debit card details are very secure when you chose VTpass and you will NEVER be charged for a service you did not authorize. It is important to us that you feel safe when you use us.

WHY YOU SHOULD CHOOSE VTPASS: FAST SERVICE DELIVERY

Carry out your bills-payment on VTpass and get the service delivered in less than 30secs.

WHY YOU SHOULD CHOOSE VTPASS: CONVENIENCE

Make payment for any service from the convenience of your home or work-space as all you need to do is log in to www.vtpass.com on any device to carry out the transaction. 

WHY YOU SHOULD CHOOSE VTPASS: WE ARE RELIABLE

VTpass services are active 24/7 and its customer support agents are always ready to attend to your needs.
Contact us;

Phone: 08138752358 Email:support@vtpass.com

Hello Terminal agents! Good news here:

You can now enter this competition to stand a chance of winning 25,000 Naira weekly in the VTpass Terminal agents bumper giveaways. For the month of September, we are giving away 100,000 Naira to 4 deserving terminal agents weekly. This giveaway is our token of thanks to all of our terminal agents who continue to help us achieve our goals as a company. So how does this work?

Terminal Agents Bumper Rewards: How Does it Work?

As already explained above, we are going to be giving away 25,000 Naira away every week to the overall winner and also we would be giving away consolation prizes to other runners up every week. So the question is how do you become the first position?

Terminal Agents Bumper Rewards: How Do You Win?

The only thing you need to do to stand a chance of winning is that you have to carry out a minimum of 50 transactions per week.

Do you think it’s difficult? Here’s the breakdown:
Carry out about 7 transactions every day for one week
that amounts to 49 transactions
Add one more transaction to it on any day
What do you have? 50 transactions!

Kindly note that the more transactions that you carry out, the better your chances of winning every week!

Don’t know how to get more customers for your terminal agent business? Read this post here to learn how to attract new customers.