Small scale business interview

MY BUSINESS GROWTH

LARRY PHONES was established on10th of August, 2020 by Iluyemi

Nasirudeen Kolawole after Covid 19

I started selling phones at the backof

BRT terminal Ikorodu garage. I have always loved to be a business woman right from my the time I was a teenager.

 

1.How much capital did you use to set

up this business?

I started with 850,000 Naira.

 

2.Did you share your capital with

another person or it's sole

proprietorship?

I own my business so it's a sole

proprietorship

3.How have you been able to cope with

the constant power outage in this

location?

Sometimes when customer buy phone and he/she want to test the phone and there was no electricity to test it, I on the generator for the customer.

 

4.What other challenges do you face ?

Sometimes a customer might be a phone today and tomorrow he/she might return it, and the excuse they gave is the phone is giving them problem or the phone is not performing as he/she expected. Most times phone will just off by itself, Phone battery might swollen, phone develop screen problem by itself and so on.

5.How satisfied are you with the sales

traffic?

At first the sales was good and I make sales everyday. But for now the sales aren’t coming like before due to the increase in dollar right and phones are now cost.

 

6.How do you procure your products ?

I procure it from Ikeja. Directly from a dealer .

 

7.How much is your estimate sales per

month?

I make about 200k to 150k per month depending on how the sales is for the month.

 

8.What do you think is the future of the

business?

To be a dealer and a sole distributor.

 

By: Olanrewaju Sukurat Modupe .

Published by shodolamu olawale quadri