Introducing Nano Start-up Business
Introducing Nano Startup Business
What is a Nano Start-up Business (NSB)?
A Nano Startup Business is a One Person business mostly operated online (But can be offline too) and operate in the informal Sector of the economy. This is smaller in comprising to Micro Startup
They are characterized by:
They are characterized by:
# Low Budget ($100<)
# Low income (between 00-000 dollars income)
# Mostly No Physical Location
# Funded by Personal Savings, Friend & Family Support, etc
# Zero Taxes
# Payment into owners personal account
# Zero Taxes
# Payment into owners personal account
# Unofficial operated
# Black economy
# Operated SoloExamples of Business that operates as Nano Startup Businesses (NSB)
This is a non-exhaustive list of business common in the NSB domain:
# Freelancing (Web Designing, Web Developers, Writers, etc)
# Blogging
# Supplies (Construction Suppliers, Hotel Utility Supplies, etc)
# Quick Services (Home Delivery Services, Home Cleaning, etc)
# Bulk SMS Service provider
# Etc
SMS2Profit as a Nano Start-up Business
This write up was as a result of my Nano start-up (SMS2Profit.com) which launched in October 2016 (Last Year), I am trying to share my view of what its like to run such start-up most especially in this part of the world. It was started with the aim of providing SMS services for personal and business use, and importantly promoting SMS marketing among small business. It wasn’t started to make profit or to run as a full time business which led to the negligence of it for some time, now I think I understand better now. The core of the Software development was started as far back as 2015 immediately after my (Mandatory One Year) NYSC service, and was abandoned for my Web Development Consulting service.
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