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My full assessment

Set up and Planning

  • Assessed the value of the market
  • Created a prototype
  • Tried to sell to customers
  • Neutral
  • Neutral

Market Research

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Not confident

Finances

  • Confident
  • Confident
  • Neutral
  • Neutral

Sales

  • Confident
  • Neutral
  • Neutral

Operations

  • Confident
  • Confident
  • Confident
  • Confident
  • Confident
  • Confident
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Onalo Abraham Entrepreneur

Location Nigeria
Venture Industry Food Products/Grocery
Languages spoken
  • English
Recent Activity

What I need help with

My background as an entrepreneur

My current challenges

  1. How to source for funds for stocking and also get products for sale in a credit basis, say I pay 100k to a supplier or a distributor amd I am able to get products worth of 500k to 1 million.

  2. How to standout in the market.

  3. How to maintain the business continuity.

  4. How to gey customers and retain them over a long time.

  5. Advertisements.

  6. Scaling at the right time.

  7. Management of operations.

  8. Accounting.

  9. Expansion and diversification.

  10. Budget and sales.

Actions I’ve taken so far

  1. I have registered with the corporate affairs commission.

  2. I have obtained a POS terminal for cashless payments.

  3. I have secured a location and the store meant for the grocery store has been furnished.

  4. I have gotten a supplier who is willing to give me 150k worth of goods while I deposit 50k and thrn pay up the remainder on instalment weekly.

  5. I have gotten a store manager (my younger sister).

  6. I have gotten suppliers for for some commodities like dispenser water refill at a good price but it can be better.

  7. I am.now scouting for customers which I am now supplying pet drinks and dispenser water to on a low scale.

  8. I have gotten a distributor who have given me a distributorship access to supply the dispenser refill water buy I do not have the mobility to commence that yet.

  9. I have paid a 2 years rent at the facility I am rented and I am planning to pay 3 years more after I have stocked the stores to a reasonable point.

  10. I am opening online stores on social sales platforms like jumia FOC.

My future goals

To make El-Roi Med and Mart a household name both online and onsite like Alibaba, Amazon, and the likes.

My motivations to work with a mentor

With a mentor as a guide, scaling is inevitable and mistakes will be minimal.


About my venture

El-Roi Med and Mart Started 2023

El-Roi Med and Mart is a hybrid of medical supplies and regular groceries store.

Delivery services are available

Shopping for customers who doesn't have the time to do so because of business is available. Provided we have their shopping list and/or prescriptions.

An online shop will be created in the future and it will have the functionality of allowing other vendors to display their goods and services at a commission per sale of goods.

Countries of operation: Nigeria