business plan on small chops

Business Plan

Small Chops Business Plan in Nigeria

by BusinessPlan Leave a Comment

Do you know you can become a millionaire from selling small chops? This is not a way to cajole you into the business, it is the blatant truth. Many people underestimate this business because it has to do with selling things like buns, puff-puff, and other fried snacks.

Also Read: Snacks Production Business Plan in Nigeria

If you love to make small chops and you are in need of a business, you need to stop your search. You already have a money spinner in your hands. The beauty of this business is that you can make money in almost any part of the country you are located.

Though there is a lot of competition, there is also a lot of opportunity in this business. We will look into how to start your own small chops business in Nigeria and also provide you with a sample small chops business plan in Nigeria.

What is small chops?

It is important that we define small chops before we continue this discussion. Many people confuse small chops for pastries. They are totally different from each other. It is very possible to be good at one and suck at making the other.

Small chops are also known as finger foods. Here is a list of the common small chops we have in Nigeria:

• Asun (smoked spicy goat meat)
• Banana Puff Puff
• Gizdodo/Dodo Gizzards (Plantain & Gizzards)
• Meat stuffed yam (potato) balls
• Mini Grilled chicken
• Mini Puff Puff
• Mini Sausage Rolls
• Nigerian Battered Plantain (Dodo Ikire)
• Nigerian Mini Donuts
• Peppered Ponmo (Cow leather)
• Peppered snails
• Spring rolls, etc.

How lucrative is the small chops business in Nigeria?

This is a very important question that you need to ask before diving into the waters of this business. You shouldn’t go into any business without answering this question. In Nigeria, you can make a lot of money in the small chops business.

To answer this question, you need to find out who needs your services first of all. So who needs small chops in Nigeria?

• Weddings (traditional and white)
• House warming
• Business meetings, to mention a few.

As you will expect, the more guests you are catering to, the more money you will be making. Imagine you are catering to a thousand guests and you charge #400 for each plate. That is already #400,000 for one event. By the time you take out your running cost, you should still have about #300,000 left.

If you have to run these gigs thrice a month, can you guess how much you’d be making? This is just a picture of how lucrative this sector is. Many people make far more than this monthly from the small chops business. This money doesn’t come immediately you begin this business, it comes as a result of hard work and strategizing.

Equipment you need to start your small chops business in Nigeria

Before we mention the equipment you need to start your small chops business, note that you don’t need all of them at once. You can begin small and then work your way up the ladder. Here is a basic list of equipment you need:

• Big frying pans
• Flat wooden spatula
• Measuring cups
• Turning stick (omorogun)

While many people argue that you should get a shop, it isn’t so advisable. A shop is an extra cost which will cause you some extra headaches. Instead of this, you should channel that money into running the business. The best idea is to run the business from your home or compound.

This business is a delivery-based business. Push more funds into getting equipment and publicizing your business. Let’s take a look at how you can start your small chops business in Nigeria.

Things to Consider When Starting a Small Chops Business

Here are a few tips to help you start your small chops business to ensure that you enjoy success.

Learn the ropes

This business requires some level of expertise. You cannot begin if you don’t know how to make the small chops. Every person operating in this business today, learned the ropes before they started.

You can learn from another person who is an expert in the business. Another way to brush up your skills is by watching tutorials on YouTube. You can also download or purchase recipe materials and use them to practice.

It takes a lot of practice to get better with making your small chops. Beyond learning to make small chops, learn how to package your products and market them efficiently. It is also important to learn how to serve your products at events.

Purchase your equipment

After learning the trade, the next line of action is investing in your equipment. Like we said earlier, you don’t have to buy all the equipment at once. You can buy a few you need at first and buy others as time goes by.

Some people may recommend that you rent equipment but this isn’t so good for your business in the long run. Try to raise about #50,000 and use this to get your equipment. Develop a savings plan to help you make the most of your profits as you grow in the business. From your savings, you can purchase more sophisticated equipment.

Advertise your business

This is where the major work is. If you have everything else in place and you are not able to market your business, it won’t grow. You can make use of two major forms of marketing, online and offline marketing. We advise that you employ both marketing strategies.

Make use of social media, especially Instagram and Facebook to market your services. Post pictures and videos of your work to attract your target market. You can also run sponsored adverts to gain more followership.

For offline marketing, you can produce a few fliers and some catchy business cards to attract clients. You can also design customized t-shirts which you will wear at events. These unique steps can help you grow your client base very easily.

Customer service

From your adverts, you are bound to attract a few clients at least. The way you treat these customers will determine how well they will speak about you. Word-of-mouth has proven to be one of the most powerful ways of growing brands.

For you to get such referrals, you have to treat your customers right. This means your customer service has to be top-notch. Provide complimentary services and discounts to customers and treat every impending issue with tact. This way, you can be sure they will come back and refer others to your business.

Register the business

We are mentioning this last because it is not completely necessary to register in the beginning. However, as your business begins to grow, it is important that you register the business. This helps to grow your reputation and makes customers perceive you as trustworthy. By the way, a registered business will find it easier to get loans or investors when the need arises.

The small chops business is not one tailored to suit women alone, men can also run this business. It is a matter of interest rather than gender. Putting your effort and time into this business will be very rewarding as we have shown above.

To get your Small Chops Business Plan in Nigeria and feasibility study. pay N10,000 to:

Bank Name: Guaranty Trust Bank (GTB)

Account Name:  Chibuzor Tochi Onyemenam

Account Number: 0044056891

After payment, send your name, email address and “ Small Chops Business Plan in Nigeria ” to  07033378184

Small Chops Business Plan in Nigeria © www.businessplan.com.ng

Share this:

Leave a reply cancel reply.

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Notify me of follow-up comments by email.

Notify me of new posts by email.

Business Ideas

How to start small chops business in nigeria.

About a few months ago my friend was getting married and we needed to make plans – budget on how much to be spent on his wedding right from the traditional to the white wedding , venue, food for the guest. This was a cumbersome task ahead of us that demanded every little time we had after work together but I was willing and devoted to this because it was a joyful thing.

plus the fact that it is a once-in-a-lifetime event. Also, I knew he was also going to support me when it is my turn. Yes, I would not hide that. So we started the budget but first of all, we made a list of everything we can think of as regards having a wedding in Nigeria, and with the support of his fiancé then now wife we were able to come up with something good.

Chinedu told me his budget for the whole wedding was about N1.5M so after thinking and writing down everything that will be needed for the wedding, we started to exclude items we felt we could either replace or do without, that was how we got to – food. And he told me specifically that he would want small chops for his wedding reception because 1. It saves cost and 2.

It will go around for his entire guest at the reception. I asked him why he was not interested in the local Nigerian foods at all. And he told me that based on his budget going for Nigerian food might not be able to go around for all the guests and he does not want complaints besides he wants something different, unique from what you see at the typical Nigerian wedding.

To cut the long story short, we contacted a caterer a small chops specialist for the price of 500 plates because the total number of guests for the reception was 500 that was when I was wowed. The caterer told us that she was going to charge us N500 per plate but she was going to give us the best service.

We tried convincing her to give us a discount but all to no avail. She said usually she charges  N550 – N600  per plate but because this was the first time we are doing business with her she was going to give us for the price of N500 – just for us to try her out.

Still amazed after Chinedu dropped the call, I flipped out my phone and went straight to my calculator app to do the maths of what I just heard and my calculator summed everything we had discussed to N250,000 . “So there’s money in this business”, I said to myself.

Although there were other benefits she mentioned like delivery at our doorstep (bringing the small chops to our venue), bringing her servers, and so on, I could not get my mind off the total money she was to be paid in return, this was how my finding started about small chops business in Nigeria because I wanted to know more.

For those of us that have been attending parties in Nigeria right from the time we were born, we all know small chops never existed at first in our parties. All we had then during our birthday parties, weddings, and burial ceremonies food. Common foods like jollof rice and native foods like amala, pounded yam, and the likes and drinks and the usual cake but along the way, small chops came and changed the way we did parties and the way we treat our guests.

In my further findings, I was trying to know how small chops came into Nigeria but No one has been able to give me a precise story as this came to be. Everyone, I asked all seem to direct their answer to the ideas being an overseas idea – something copied from abroad. I do not know how true this is but share your own idea in the comments.

 Is Small Chops Business Profitable?

Seriously, this is always the question on every Nigerian’s mind when it comes to starting businesses in Nigeria . And this is a good question because we all know the major reason for starting a business is to make profits. Massive profits! If a business is not making money no matter the energy put into it, it is regarded as a total waste of time.

So the question of whether small chops is business in Nigeria is lucrative or not is obvious from the early explanations I have given so far. Yes, small chops business is a lucrative business because you are supplying to groups of people at once (weddings, birthdays, concerts, and so on).

The higher the number of guests required for you to prepare for the higher the profits you make. Let us say you have a contract to make small chops for 1000 guests and you charge a max of N1500 per plate you will be making N1,500,000. This might not necessarily be a huge profit because you have not deducted your expenses but still, it is a big profit.

Also, the demand for small chops for 1000 guests will help you buy your ingredients at wholesale and when you buy in wholesale you make more profit because the ingredients are cheaper, unlike buying from the usual retailers.

So you see here the more guests you have to make for the more profits for you in every way and more gain for the buyer because you can be able to give discounts (as much as you feel you need to). Also, you can still make good money from small chops business. Even if you are making for 20 people or less as you are just starting out.

All you have to do is still buy your ingredients in bulk, make your small chops very delicious, and give good prices to your customers that they will always have to come back.

Equipment Needed for Small Chop Business

There are many of basic equipments you need. You can get all these in your small chops business plan but if you cannot afford that you can just keep reading. I listed them below. You will need basic cooking tools used for cooking in large quantities. Basically, almost all the kitchen utensils in your kitchen you use for cooking but in bigger sizes.

1. Big frying pans

4. Egg mixer

5. Steel dish

7. Turning stick

10. Flat wooden spatula

11. Measuring cups

12. Strainer

The list all depends on you. You can remove it to reduce the cost spent on capital and you can add to it just do what is comfortable for you. As for my opinion on getting a shop, I do not think you need that on starting out the business. From what I have seen from the people already in the business operating your catering business from home right from your kitchen or compound (if it is neat) is always the best.

Location is not the most important thing. It is how well you can deliver and how fast. Instead of looking for funds to get a shop rather create social media campaigns to advertise and make beautiful complimentary cards for the small chops business, you can give to customers especially people who do not know what you do.

This advice is in my small chops business plan but I will talk about this later here in the article.

List of Nigerian Favorite Small Chops

Here’s the list of the favorite small chops Nigerians eat.

2. Spring rolls

3. Mini puff puff

4. Mini sausage rolls

5. Asun (smokes peppered spicy goat meat)

6. Nigerian mini doughnuts

7. Gizdodo/Dodo gizzards (plantain and gizzards)

8. Meat-stuffed yam/potato balls

9. Banana puff puff

10. Nigerian battered plantain

How to Start Small Shops Business in Nigeria

Here is the step-by-step guide on how to start a small chops business in Nigeria.

1. Learn How to Make Small Chops

Small chops business in Nigeria is one of the businesses you can not start without prior expertise according to what I’ve heard from those already in the business. Every boss in the business today started as an apprentice. Asides from the fact that you can learn how to make some of the snacks by watching videos on YouTube, you still need to learn how to make the difficult ones like spring rolls and gizdodo from someone who makes them well (a professional).

Taste is another factor and it’s one of the things you can never learn through YouTube because it is a marketing secret. So you need to learn how to make the snacks from professionals, how to package them and serve them. All these play a vital role in the success of the business.

2. Buying the Cooking Equipment

After learning how to make snacks for the small chops business, the next stage is to buy your cooking equipment to start. It’s not necessary for you to buy the expensive ones now. You can buy the cheap equipment first then as time goes by you can buy the expensive ones. I would have asked you to rent the equipment if you know you cannot afford new equipment.

But this will slow your business in the sense that the equipment might not be available for rent anytime you need it. Besides renting is more expensive in the long run so the best thing here is to buy your own.

3. Advertise the Small Chops Business

I talked a bit about advertisements in the introduction but I feel I still need to give you more ideas on how to go about it. There are two major forms of advertisements. We have; online advertisement and offline advertisement and both are important as regards this business.

For the online, you will need to create a page for your small chops business on Instagram. Adverts for food and clothing tend to turn followers into customers on Instagram faster than Facebook and Twitter combined. You can start small by just posting pictures of your freshly made snacks.

After doing this, as time goes by you can do paid adverts to increase your followership, reach, and brand influence . Also, reach out to food bloggers and try to form a bond (good relationship) with them. You never know as time goes by they may send customers to you.

For the offline adverts, you need to make attractive complimentary cards you can give to people and customers. You can start with just making 1000 copies then as time goes by, if there’s the need to make more you can.

4. Get the First Customers

In starting any business in Nigeria getting your first customer is always the most difficult task but there is a way you can do this with ease and this is by making samples of your small chops and supplying them to those you know are likely to patronize you.

Give these samples of small chops to influential people in different fields so these people will influence their subordinates to patronize you. Also, make sure the sample is the best in terms of taste and looks (looking tantalizing). And after getting your first customer you might need to consider giving huge discounts to make it easy for them to patronize you easily.

Remember the woman customer I talked about in the early of this article? She gave discounts to us because it was our first time doing business with us.

5. Supplying your First Order

When you finally win and get your first order do not take it for granted even if the guests you are making for are small it is still a big deal because if done well those small guests can refer you to big guests. Make sure you put in every detail when you’re supplying this order and make sure everything is perfect.

Deliver on time and also be ready to part with your complimentary cards at the venue (as many as possible). The technique I have seen used times without number by many small chop companies is gluing their complimentary cards to each plate of small chops delivered.

So that all guests can get their cards in case they liked what they ate and want delivery in the future. You can apply this too to reach more customers.

Small chops business in Nigeria is a business that needs patience and time. If you are really passionate about it go into it and you will see with time you will thank God you did. It is not a business only for women and men to do it. In fact, I know men who are in the business.

That is all in this article. What other point did I miss? Please let me know in the comments. I will reply to you ASAP – as soon as possible. Thank you! That is all in this article. As usual, let me know if I missed any part of this article.

Recommended:

• 37 Most Lucrative Business Ideas in Nigeria
• How to Start Frozen Food Business in Nigeria
• How to Start Cupcake Business in Nigeria
• How to Start Puff Puff Business in Nigeria
• How to Start Shawarma Business in Nigeria

📡Join Our Social Media Channels:

WhatsApp: theinfoWorth Facebook: theinfoWorth YouTube: theinfoWorth

Top 15 Untapped Business Ideas in Nigeria

How to Start Laundry Business in Nigeria

Ralph Bamigboye is an Accountant. He is the owner of TheInfoWorth.com, NetWorthVerse.com and Finance Naija YouTube Channel. He has helped many individuals to start their businesses and make money online. How can he help you?

Trending Posts

• Business Ideas
• Business Tips

How to Start Small Chops Business in Nigeria

Conduct Market Research:

Create a business plan:, define your menu:, secure a suitable location:, obtain licenses and permits:, source quality ingredients:, set up an efficient operation:, develop a strong brand identity:, implement effective marketing strategies:, conclusion:.

Our website uses cookies to improve your experience. Learn more

Contact Form

• Tips for buyers
• Tips for sellers
• FAQ on Scammers
• Apps & Software
• Gadgets & Web
• Jobs & Career
• Movies & TV
• Arts & Culture
• Life Stories
• Aso Ebi Styles
• Ankara Styles
• Fashion For Men
• Love & Relationships
• Hobbies & Interests
• Family & Kids
• Health & Wellness
• Self-care & Beauty
• Agriculture
• Home & Garden
• Real Estate
• Animals & Pets
• Interior Decoration
• Food & Drinks
• Fitness & weight management

Starting Small Chops Business In Nigeria

If you’ve ever thought about starting small chops business in Nigeria , you already know that small chops are the most popular party food in the country. Find out what you need to start a small chops business and make it succeed!

Use the Jiji app to launch or promote your business online

1. What are small chops?

Small chops is a collective name for finger foods you can find at any wedding, birthday party, corporate event, or other important ceremony. The most popular varieties of small chops include puff-puff, spring rolls, samosas, beef kebab, chicken and fish in butter, meatballs, and yam balls.

Small chops can be served individually, but the most common way to serve small chops at a party is to place them in a tray for every guest to fill their own plates. Even though there is a number of successful small chops businesses in Nigeria right now, it remains the most popular idea for a business with low capital and high profit .

2. Small chops training

You don’t need to be a professional chef to know how to make small chops , but if you want to make a living out of it, training is absolutely necessary. Find the best small chops training offers on Jiji and you’ll learn not only how to make small chops and cocktail , but also how to launch your business and make it grow.

3. Small chops recipe

If you don’t have the time for developing new recipes for small chops, you can always use the cooking instructions you can find online. However, if you want your small chops stand out thanks to their distinctive taste, you can experiment with seasoning, fillings, shapes, and other ways to make your small chops unique.

Read also:  small chops and cocktail training

4. Small chops equipment

Small chops business is one of the few enterprises that you can start from your own kitchen. Until you expand your business, you can easily do the preparations at home. Of course, to make things more efficient, you’ll need some modern equipment.

One of the most essential pieces of equipment is a cooker with a stove – it needs to be able to prepare several small chops dishes at once. A blender or a food processor will also make the cooking faster and easier. Finally, good pots and pans, as well as sharp knives, are also very important.

5. Small chops packaging

A key ingredient for the success of a new small chops business is the packaging you choose for your product. You can sell small chops as a street vendor in simple paper bags, but serving small chops at parties requires metal or foil containers that retain heat and allow the small chops to stay fresh for the duration of the event.

6. Small chops prices

Prices are crucial for a newly launched business. You don’t want to set a price that is too low, since it can scare the customers away, but prices that are higher than the average on the market are also not a great choice. Check the current small chops price list on Jiji to make the right decision!

7. Small chops marketing

Without marketing efforts any business is destined to fail, but with the right strategy there will be no shortage of customers for your small chops enterprise! The most effective strategy is, of course, word-of-mouth marketing – the more people love your small chops, the more new customers they will bring.

Another powerful marketing channel is social media, particularly Facebook and Instagram – people won’t be able to resist the beautiful photos of your food. You can also sell small chops through party and wedding planners, who have direct access to interested customers.

Make your small business grow with the Jiji app

• social media

My name is Inna. I am a content writer with an English and literature background. As a mother of a 4-year old son, I love learning about children’s health and development, as well as finding new interesting toys and activities for my little one. I am also in love with all things tech and always keep my finger on the pulse of new smartphone and gadget releases. Another big passion of mine is beauty and makeup – every day I read about new trends in skin care and makeup and always look forward to trying them. Plus, I love pop culture, travelling, crafts, and anything that can make our daily life more thrilling!

Related Articles

How To Start A Printing Press Business

How To Start A Fish Hatchery Business In Nigeria

The Forbes Top 10 Black Billionaires In The World

Popular Nigerian Meals That Are Harmful To Your Health

Most interesting, two piece ankara styles you will love, stylish ankara top and trouser combinations you should try, trending ankara short and pencil gowns, popular posts, how to know if someone blocked you on whatsapp, all you need to know about nfts, editor's choice.

Best Toothpaste To Get Rid Of Bad Breath

How To Reduce Menstrual Cramps

Average Salary In Nigeria! You Will Be Surprised

List Of Anti-Aging Foods For Younger Looking Skin

Celebrities Who Have Gotten Vaccinated Against COVID-19

How To Start Small Chops Business In Nigeria

Before starting any business you must first understand what it is and if the venture is something you are capable of executing.

So what are small chops? They are finger foods which are readily available for consumption at social and formal events. Small chops can be served as snacks during corporate events, special occasions, meetings and office or in-house parties.

Small chops have been in existence since the 50s, but they began to gain prominence in Nigeria 6 to 8 years ago and have grown to be highly sought after by individuals and corporate bodies as a form of refreshment. It originally started with just puff puff, meat, spring roll and samosas but with time, the contents began to increase and become more diversified.

The major items currently contained in small chops set or package include; snail, goat meat, puff puff, battered fish, sausage rolls and samosas. For events, they can be served in a tray or chafing dish but if one needs it to be delivered at home it is mostly packaged in small plates.

What To Consider Before Starting Small Chops Business

We will explain a few tips that will help you get the small chops business up and running smoothly.

Training/Experience

One does not have to be a special chef or cook to make small chops as the most important thing is knowing how to fry and bake. But to stand out and produce small chops that people keep coming back for more, you have to to be very good or willing to undergo some training either in your locality or through recommended online tutorials.

Register Your business

Business Registration is a very important step to take before you can officially start operating as a small chops vendor.

Choose a catchy name that gets the attention of customers and go to the Corporate Affairs Commission, CAC, to get registered. Also, try to come up with two or three names in case one of the business names you chose has already been registered by someone else.

Having a registered business will make it easier for investors to take you as a serious entrepreneur to consider for loans and other investments.

Purchase Equipment

No business that deals on physical buying and selling can begin operations without equipment. Small chops business can be started from your kitchen but people still choose to have a formal workspace like a shop.

Asides from having a workspace there are important tools which every small chops maker must have and they are as follows:

• Frying pans
• Cooker or stove
• Flat wooden spatula
• Measuring cups
• Turning stick

To have small chops delivered to people’s homes they need to come in fine packages that will be your trademark. Some use simple paper bags, others put the small chops in foil plates and some make use of tupperware.

Whatever you want to use in packaging the small chops, keep in mind that it should look appealing to the eye and have your company logo on the body of either the plate or polythene bag used to deliver it. The core of the business demands knowing the snacks that are usually found in a small chops pack and how they are packaged for sales.

Here is a list below:

I. Asun (spicy goat meat)

II. Gizdodo/Dodo Gizzards (Plantain & Gizzards)

III. Grilled chicken

IV. Puff Puff

V. Mini Sausage Rolls

VI. Mini Donuts

VII. Peppered snails

VIII. Samosa

IX. Spring rolls.

It is important to note that not every listed item must be put in a small chops pack. Most times you get to only produce all of them in cases of buffet for public events etc.

Pricing System

The average cost of a pack of small chops and that of a buffet set are some of the things that you have to be aware of.

Like every other venture, a pricing system is very crucial to the success of a newly launched business. Set a reasonable price which is not too high but also not too low, rather it should be within the range of the industry standard prices.

For example, on the average, a small chops pack costs between N500 – N1,200. This depends on how many items are inside and if it is sold in size variations.

Let’s say you want to sell 4 normal pack offers, of different sizes, the prices and contents will differ.

• Mini-pack: This contains 1 Samosa, 1 Springroll, 4 Mosa, and 4 Puff-Puff (Average cost is N300 – N500)
• Midi-pack: 1 Spring Roll, 1 Samosa, 4 Mosa, 4 Puff-Puff, 1 Peppered Stick meat (Average cost is N500 – N700)
• Maxi-pack: 1 spring roll, 1 samosa, 4 mosa, 4 puff-puff, and 1 chicken. (Average N600 – N900)
• Jumbo-pack: 1 spring roll, 1 samosa, 4 mosa, 4 puff-puffs, 1 seasoned gizzard, and 1 chicken. (Average cost N800 – N1,000)

Marketing/Advertising

Marketing or advertising helps your business to get visibility which mostly translates to patronage. There are different forms of marketing and advertisement which range from word-of-mouth, to social media promotions, posters/fliers and in cases where you can afford it, use traditional media like TV or radio stations.

Examples of social media platforms you can use are Facebook and Instagram. Try to take eye catchy photos and videos of your small chops packages and post them online with the prices.

For offline marketing, you can produce fliers, posters, business cards which you hand out to potential clients. You can also design customized t-shirts to be worn by your and your assistants at events.

How Profitable Is Small Chops Business

There is a lot of money to be made in small chops business in Nigeria once you start making sales and witness an increase in clients. If you are selling packs at an event and you charge N500 per plate, you will make N500,000 at the one event if a thousand people buy. By the time you take out your running cost, you should still have about N350,000 remaining.

Some individuals and firms organise about two of such corporate events in a month, so if you deliver to an event three times in a month, you will be taking a million to the bank in the end.

Any person can start a small chops business and it is not restricted to women. In fact there are different cases of men who love to cook either start a catering business or setting up a small chops business. It is very rewarding if you put effort and time into this business. With strategic planning, your business is sure to become a success beyond your imagination.

Recommended:

200+ Businesses You Can Start In Nigeria

Related Articles

NSA Ribadu sets up security force to tackle ‘dollar racketeers’ responsible for naira depreciation

Court orders FG to fix prices of goods, petroleum products

Port Harcourt refinery to complete test run in January – NNPCL

Your money is safe in banks – CBN tells Nigerians

CBN lifts ban on crypto transactions

FG has disbursed N25,000 each to 3.5 million Nigerians – Minister

5 Tips Needed To Start A Lucrative Small Chops Business

• November 30, 2020
• how to start small chops business , small chops business in nigeria , starting a small chops business , tips to have a lucrative small chops businesss

The Small chops business is one of the most lucrative business women can go into and this has been proven over and over again.

Thinking Of Starting A Fashion Designing Business? Here Are 9 Things To Do

With strategic planning, your business is sure to boom more quickly than you think and you’d even start training people on small chops.

Here are some tips to guide you below.

1. Be Different

The key to being a successful small chops business owner is creativity. Stand out in your presentation and style! As it was said in the last post, stand out from the crowd.

Do something different and more people will notice. Small chops compose of a variety of Spring Rolls, Samosa, Fish Finger, Fish in Batter, Chicken in Batter, Masa (Corn), Masa (Banana) Yamarita (Yam Balls), Puff-Puff, Meat Balls, Pepper Snail, Pepper Steak, Beef Pocket, Gizz Dodo, Prawns in Batter, just to mention a few.

2. Your prices matter

The price tag you put on your product would depend on your target market and the amount of effort you intend to put into your business. Bear in mind that going to the open market to buy the ingredients and bulk buying will save you a lot of money. So do not hype your prices unnecessarily just because you were not smart enough to buy your wares in bulk.

3. Getting customers is key

Getting customers is easy. Start with word of mouth because it is the cheapest form of advertising. Invite friends over and have them taste your meal, and they would definitely let others know the quality of your chops. Alternatively, you can advertise your business through social media, flyers, and magazines.

Social media is a powerful tool for small businesses today especially with its ability to let your potential customers have a visual image of what you can do. Nothing can be more captivating than seeing the picture of a well-organized meal. It pushes the taste buds to desire.

4. Know what you need

To start a successful small chops business, you will need a workspace (kitchen), cooking utensils (pots, pans, knives, spoons etc.), a cooker or stove and of course the ingredients that would be used to prepare your small chops. Some common items needed to prepare small-chops includes; carrots, cabbage, minced meat, snail, gizzard, chicken, flour, yeast, beef, croaker fish, yam (for yam balls).

5.Make an extra income from it

Take time to learn the art of making these small chops it would benefit you greatly if you are already an expert in the field then make an extra income by organizing classes where you get to teach other people the basics of the trade, your success, and shortcomings.

Leave A Comment Cancel reply

Previous post

Everything You Should Know About Media Personality, Stephanie Coker-Aderinokun As She Turns A Year Older

‘i don’t owe anyone a flat stomach’ – bbnaija star, khafi sends strong message to ‘womb watchers’ on her instagram page.

Trending Now on FabWoman

Recent posts

A House, Car, Ambassadorial Deal: All The Gifts Pelumi Nubi Received From Lagos State Government

Jenifa’s Diary Actress, Adejumoke Aderounmu Is Dead + 10 Facts To Know About Her

How Pelumi Nubi Arrived Lagos, Nigeria To A Heroic Welcome After Solo Driving For 68 Days

404 Not found

• Africa’s No.1 Food Manufacturing, Retail & HORECA Industry Magazine

• PAST MAGAZINE ISSUES
• ABOUT FOOD BUSINESS AFRICA MAGAZINE
• SUBSCRIBE TO OUR E-NEWSLETTERS
• ADVERTISE WITH US
• MEDIA KIT & EDITORIAL CALENDAR
• PRESS RELEASES
• AFMASS FOOD EXPOS
• AFRICA BUSINESS SUMMIT
• AFRICA FOOD SAFETY SUMMIT
• DAIRY MANUFACTURING AFRICA EXPO
• AFRICA BEVERAGES EXPO
• AFRICA MEAT & POULTRY EXPO
• AFRICA FRESH PRODUCE EXPO
• AFRICA HEALTH EXPO
• FOOD SAFETY AFRICA
• MILLING MIDDLE EAST & AFRICA
• SUSTAINABLE PACKAGING AFRICA
• FRESH PRODUCE MIDDLE EAST & AFRICA
• DAIRY BUSINESS AFRICA
• HEALTHCARE MIDDLE EAST & AFRICA
• AFRICA CEO VOICES

Select Page

Nigerian finger foods maker smallChops plans expansion beyond Lagos after strong post-COVID growth

Oct 6, 2021

NIGERIA – Small, bite-sized, brimming with flavours, finger foods are what makes house parties and get-togethers memorable affairs.

Nigeria-based startup offering a wide range of finger foods, smallChops, is planning on expanding to other cities in the country and across Africa having seen an average 20 per cent month-on-month growth since the onset of the COVID-19 pandemic.

Formed in August 2016, smallChops delivers different finger food – “small chops” – packages straight to consumers’ homes or any location of their choosing through its website and other channels like WhatsApp, Instagram, and a call centre.

Founder and chief executive officer (CEO) Uche Ukonu told Disrupt Africa what started because of a single inconvenience had morphed into a vision-driven brand.

“Our initial model was to aggregate orders from the internet and push to verified vendors to produce, but we faced the same issues as all marketplace-based food delivery business models – operational and logistical setbacks with managing the entire process,” he said.

“Without the funding to stay afloat, we backward integrated and started to produce the finger foods ourselves, giving us control over the entire value chain, from order placement to delivery.”

This change in approach has prompted significant growth, especially since COVID-19, with revenue increasing steadily and smallChops now having an ARR of over US$100,000.

The startup has so far served just under 20,000 customers relishing on smallChops biting such as spring rolls, chicken cuts, samosas, corn dogs among many others.

“Our dream has now become to boost local economies, by building trustworthy relatable brands around largely offline locally available finger foods and snacks, using technology and media, and acting as a buffer between these local finger foods vendors and an increasingly online audience,” Ukonu said.

Having perfected its model in Lagos, smallChops is now actively looking for partners to expand into other cities in Nigeria, and Africa, in the near future.

Meanwhile, a new fast casual restaurant selling Nigerian snacks, pastries, and entrees of spicy-hot peppered meats and jollof rice, Boxochops Modern African Kitchen, has been opened in Texas, USA.

Its best-selling snack box is a sweet and savory gateway to Nigerian street foods. It contains freshly fried puff puff, a deep-fried mackerel fish roll, a beef roll, a Nigerian spring roll with deep fried cabbage mix, along with the choice of a gizzard, chicken, beef or goat mini-kebab, for around US$8.

Liked this article? Subscribe to  Food Business Africa News , our regular   email newsletters with the latest news insights from Africa and the World’s food and agro industry.  SUBSCRIBE HERE

Related Posts

B2B food distributor in Southern Africa Nile raises US$5.1m equity round led by Naspers Foundry

May 18, 2022

Eggflation will persist through 2023: Rabobank report

April 11, 2023

WHO recommends against use of non-sugar sweeteners to control body weight or reduce the risk of NCDs

May 17, 2023

Fonterra invests US$28.94m in wastewater processing improvement at Te Awamutu site

October 25, 2022

Leave a reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed .

LATEST DIGITAL MAGAZINE

News Archives

Terms and Conditions - Privacy & Cookies Policy

Start A Small Chops Packaging Business - Business Ideas

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Starting a small chops packaging business requires a great deal of effort, dedication, and most importantly passion .

If you're interested in how to sell small chops packaging, or selling small chops packaging online, you can use this page as a guide for everything you'll need to know.

Startup Costs

Successful businesses, pros & cons, marketing ideas, affiliate program.

Affiliate marketing is a great way to bring in a new revenue stream , especially when you don't sell products or services.

Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

The affiliate typically gets a unique link where clicks and conversions can be tracked.

Learn more about affiliate program ➜

Direct Sales

Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

Learn more about direct sales ➜

Word of mouth

Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

According to Nielsen , 92% of people trust recommendations from friends and family.

Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

Learn more about word of mouth ➜

• 4,818 founder case studies
• Access to our founder directory
• Live events, courses and recordings
• 8,628 business ideas
• $1M in software savings

Join our free newsletter to get unlimited access to all startup data. We just need your email:

Check your email

If there's a Starter Story account associated with that email you'll get an email with a link to automatically log in. The link will expire in 15 minutes.

Your existing password still works, should you want to log in with it later.

With Starter Story, you can see exactly how online businesses get to millions in revenue.

Dive into our database of 4,418 case studies & join our community of thousands of successful founders.

Join our free newsletter to get access now. We just need your email:

Subscribe To Techpoint Digest

How this startup made ₦100m selling small chops online, with just 9 employees.

One day in 2015, Uche Ukonu's final year at Covenant University, he had a strong craving for small chops.

He wanted it for himself, but most people who sold small chops around him only took large orders, which would be fulfilled if the order was placed a day in advance.

Wondering why it was so difficult to get small chops, he started asking people if they had trouble satisfying their cravings too.

He found out that if there isn't an owambe or small gathering, getting small chops for yourself was almost impossible. And like that, the idea for Smallchopsng began to form in his mind.

Today, that idea has generated ₦100 million in revenue over the past seven years.

"What started as me craving small chops on demand, turned into me owning a small market share in Nigeria's Quick Service Restaurant (QSR) industry," Ukonu, Founder and CEO of Smallchopsng recalls.

Nigeria's small chops culture

I'm not one to assume, but I'm confident many Nigerians know what small chops are. If for some reason you don't know what small chops are, here's a definition.

Small chops are bite-sized Nigerian snacks usually served at social events like weddings, graduations, or Techpoint Pitch Friday .

Depending on the gathering or who the caterer is, a pack of small chops usually consists of puff puff, samosas, chicken, and spring rolls.

Join over 3,000 founders and investors

Give it a try, you can unsubscribe anytime.  Privacy Policy.

On their own, some of these items are not Nigerian — spring rolls, for example, are from Asia — which makes me wonder if small chops are even a Nigerian snack.

There's a dearth of resources on how the small chops culture in Nigeria began, but this article by Kitchen Butterfly might be on to something.

It traces the origin of small chops to British colonialism in the 1950s. Back then it was anchovies on toast and devilled eggs, but over the years it began to evolve, influenced largely by Indians and Chinese professionals who came to the country for various reasons.

Small chops are essentially a fusion of British, Indian, Chinese, and Nigerian cuisines that have become an essential part of what Ukonu describes as the Nigerian party culture.

It is within this party culture that Smallchopsng's main competitive advantage lies.

"If you want rice, for example, you could go to Glovo or Chowdeck. If the cost of the rice and the cost of delivering it is too high, chances are that you'll just go to the kitchen and boil the rice yourself.

"But then if you're craving small chops or you have an event that requires small chops, it is unlikely that you'll pop into your kitchen and start rolling out [the] packages."

Again, I'm not one to assume, but I'd say most Nigerians only get to eat small chops when there's a social event. I only get to eat it once a month at the Techpoint Pitch Friday event.

We could say, therefore, that Smallchopsng is democratising access to small chops, modifying that part of the culture where we have to wait for gatherings before we eat small chops.

However, offering small chops in small units, for as low as ₦700 per unit is where Ukonu's tech and business acumen shines.

A bootstrapped process

Smallchopsng launched officially in Lagos in 2016 and has been bootstrapped since.

The capital required was Ukonu's brain and time, which has been and continues to be a critical component of the business' survival for the past seven years.

When he does not have to wear his business hat, he takes on technical roles and writes code. During times when he has to be a businessman, he'll trade his other skills for the services of a developer.

However, bootstrapping the company all these years required careful planning. His information and communications engineering degree definitely came in handy in engineering a process that requires a very lean team, so much so that there are only two people at the heart of the company's operations.

"We had a target of how much it would take to stay alive at the very beginning and I had an estimate of how much it would cost to get that revenue in terms of marketing and advertising.

"You could say that Facebook gave us our first funding, because back then, you didn't have to pay for ads upfront. So we committed $150. We took a bet that by the end of the month, we would reach our target to cover our bills and marketing spend."

They met their target that month, and they've been doing that every year since.

No small chops were made

Ukonu's planning was meticulous. He was always in search of the most efficient way to operate without compromising on quality. This is why Smallchopsng does not make the small chops it delivers.

Smallchopsng onboards local production partners also known as caterers, creating a caterer network across Lagos State. This means that there's a caterer within a certain radius of where an order originates.

But before this mode of operations, Smallchopsng made its small chops in-house between 2018 band 2020. The goal was to understand the business of making good small chops, and thus, determine what their standard would be.

Today, Ukonu is confident that the caterers who use Smallchopsng branding and packaging maintain the required quality.  

Those two years birthed the Rating Index, a way to identify caterers (or vendors) whose culinary skills are worthy of Smallchopsng. The Index rates them on many things, including hygiene, experience, education, and technical capability.

"Everybody's producing the same thing, but they produce our menus and our packages. We own all of the IP rights on the packages that are sold on the platform, but we don't produce any of them. We handle technology, product and marketing, branding and operations, while vendors handle production. "Ukonu explained.

The initial business model — a 20% commission on each package — was tweaked after two years of making small chops.

"So instead of a commission, we negotiate production costs with our partners. We know how much it costs because we've produced it. And then we set the price based on our market research on user behaviour, value perception, and also affordability.

"Our revenue is the difference between what people are willing to pay and the best price we can get for producing quality small chops. Now, that margin could be anywhere from 20% to 30% on certain products."

Staying profitable

Smallchopsng has carved out a 15% profit margin from its ₦100 million revenue. A great way to sum up the startup's path to profitability is through these three key pillars:

• Lean workforce
• Impeccable customer experience

Ukonu is a stickler for automation, this is why the startup's core operations only require two people.

Besides Ukonu's Co-founders, Farida Ahmed and Michael Chukwu, and interns, the entire workforce totals nine.

The operations team manages thousands of deliveries monthly, but Smallchopsng makes this easy for them with technology.

"We built our operation software from scratch. It runs all of our internal operations, routes orders, and informs the riders of where they need to pick up and deliver with very minimal human involvement.

"As we grow, we scale up the ability of that software, so we've never had a core operations team of more than two people."

Customer experience, however, is the only team in the company that is scaled up ever so often. This is because "we do not want to automate customer experience, everybody needs that human interaction."  

Smallchopsng has over 10,000 registered users. However, you can order on the platform without registering. On average, the platform completes 100,000 orders annually. On bad years, it sees 80,000 orders, while a 200,000 deliveries are done in a good year.

There have mostly been good years. The company has been meeting targets that ensure its survival. In the words of Ukonu, "We've been coasting." There's a solid customer base, operation costs are low, and now the business is just "making sure there isn't a significant level of churn."

However, in an economy like Nigeria's, it isn't always smooth sailing. "The core challenge we face is what I will unofficially call the Nigerian factor."

It is that part of operations that cannot be automated, the side of the business where your lines of code end, and your best bet at controlling them is perhaps a prayer.

The Nigerian factor ranges from economic instability to partners that aren't technologically savvy.

Smallchopsng works with independent riders responsible for fuelling and maintaining their bikes. Expectedly, they hit a snag after the recent increase in the cost of fuel.

"One of our logistics partners [a rider] delayed delivering a package by almost an hour because he was looking for fuel. There are very minimal ways you can mitigate against things like that."

Funding and the future

Smallchopsng is open to venture capital funding, but after being in operations for nearly a decade, Ukonu and his team will be very selective when it comes to choosing who to raise from.

"The raise has to go beyond the cash to include strategic partnerships both for operations and scale to hit our ten-year goal."

That goal is making small chops available to everyone within and outside Nigeria. Yes, Smallchopsng wants to go global but before that, it plans to take its first step outside Lagos next year and hopefully in the next three years, people in other parts of the world will get access to its services.

Bolu Abiodun

Other stories.

Ethiopian bank shames customers for glitch money

Self-checkout startup, Jump n Pass, partners Justrite to activate queue-jumping service across all its stores in Nigeria

Why are e-hailing companies sharing your data with the government?

Why Nigerians are spending thousands of dollars buying guns in a virtual world

Airtel Tower deal cleared after probe

4 Nigerian startup bosses give their honest opinions about remote work 

Cutting through the hype: The harsh realities startup funding in Nigeria

BURN raises $12 million for clean cooking solutions across Africa

African startups and investors must now make a case for their existence as funding dries up

This two-year-old crypto startup is on its way to becoming Africa's Coinbase

How Nigerian sex toy vendors are navigating strict social media policies

Disney plans to lay off 7,000 employees in an attempt to cut cost

The story behind biometric fingerprint atm withdrawals in nigeria.

Review of the $22 MTN Smart T ‘smart’ feature phone

The CBN introduces enhanced eNaira services

How #10YearChallenge got many Nigerian millennials to log into their Facebook accounts

This VC fund wants African startups to pitch online for $10k. Here’s what you need to know

9 affordable telemedicine startups transforming how we access healthcare in Nigeria

Inadequate market research may be the silent killer of African startups

Lagos startup expo 2023.

Press ESC to close

Or check our popular categories..., how to start small chops business in nigeria in 2023.

Planning a wedding can be a monumental task, encompassing everything from the traditional to the white wedding, venue selection, and catering arrangements. A few months ago, my close friend was preparing for his wedding, and the responsibility of creating a budget fell upon our shoulders. The enormity of the task at hand did not deter our enthusiasm, as we knew it was a once-in-a-lifetime event, and I anticipated my turn to reciprocate the support. As a result, we embarked on this challenging yet joyful journey, meticulously outlining all aspects of hosting a wedding in Nigeria, with invaluable input from the bride-to-be.

Chinedu, the groom, disclosed that his wedding budget was set at approximately N1.5 million. With this figure in mind, we meticulously compiled a comprehensive list of wedding expenses, subsequently scrutinizing each item to identify potential cost-saving opportunities. One of the first items to be discussed was the food for the reception. Chinedu expressed a desire for small chops at the wedding reception for two primary reasons: cost-effectiveness and the unique experience it would offer guests.

Curious about his preference for small chops over traditional Nigerian dishes, I inquired further. Chinedu explained that staying within budget was a significant consideration, and opting for Nigerian cuisine might not suffice to cater to all the guests. He was also drawn to the idea of offering something distinct, departing from the conventional offerings at Nigerian weddings. The pursuit of unique culinary experiences motivated our exploration of the small chops option.

Our quest led us to a small chops specialist, a caterer who could prepare 500 plates for the 500 guests expected at the reception. The caterer initially quoted a price of N500 per plate, which astonished us. Despite our efforts to negotiate a discount, she stood firm at her offer, emphasizing that her usual rates ranged from N550 to N600 per plate. However, she extended a friendly gesture by offering the reduced rate of N500 for this occasion, allowing us to sample her services.

This financial revelation prompted my interest in the small chops business in Nigeria. The caterer’s fees alone amounted to a substantial sum of N250,000, underscoring the potential profitability of this enterprise. I began to delve deeper into this culinary world, driven by the desire to understand the dynamics of this catering niche.

Small chops have significantly transformed the landscape of Nigerian celebrations, introducing a fresh approach to entertaining guests at events. From childhood birthdays to weddings and funerals, traditional Nigerian fare like jollof rice, amala, pounded yam, and drinks were the norm. Then, small chops emerged as a game-changer, influencing how we host events and treat our guests. The origin of small chops in Nigeria remains shrouded in mystery, with many attributing its introduction to foreign influences, but a precise historical account is elusive.

Now, let’s address a question that’s often on the minds of prospective entrepreneurs: Is the small chops business profitable in Nigeria? The evidence from the preceding discussion points toward a resounding yes. Small chops catering is a lucrative venture, primarily because it caters to groups of people at once during weddings, birthdays, concerts, and other events. The greater the number of guests, the higher the potential for profit. For instance, if you secure a contract to provide small chops for 1,000 guests and charge N1,200 per plate, you could earn N400,000. While this might not represent pure profit after accounting for expenses, it underscores the substantial revenue potential. Additionally, catering to large guest counts often enables you to procure ingredients at wholesale prices, further boosting profitability.

Whether you’re starting small by serving 20 guests or fewer, the principle remains the same: purchasing ingredients in bulk, creating delectable small chops, and offering competitive pricing to build a loyal customer base. Regardless of the scale, there are opportunities for earning from the small chops business.

To embark on this culinary journey, you’ll need specific equipment. The essentials include oversized cooking tools suitable for preparing large quantities of food, many of which can be found in your kitchen. Items like large frying pans, bowls, trays, egg mixers, steel dishes, sieves, turning sticks, graters, tongs, measuring cups, strainers, and knives are among the basic tools needed. While you can customize your equipment list based on your specific needs, starting with these essentials should suffice, especially if you’re just entering the business.

Interestingly, you may not need to invest in a dedicated shop initially. Based on my observations of established small chops businesses, operating from your home kitchen or a well-maintained outdoor space is a viable and cost-effective approach. Location takes a backseat to efficient delivery and quality. Instead of focusing on obtaining funding for a physical shop, consider leveraging social media and attractive complementary cards to promote your small chops business. Marketing your services online and offline is crucial. For online promotion, establishing a dedicated Instagram page is an effective strategy, particularly for food-related businesses. Instagram has proven to be a powerful platform for converting followers into customers, offering a direct and visually appealing channel for showcasing your products. As your business grows, consider investing in paid advertising to expand your reach and influence.

In addition to online advertising, building relationships with food bloggers can be mutually beneficial. Collaborating with these influencers can lead to referrals and increased visibility for your small chops business. On the offline front, designing appealing complementary cards is essential. Distributing these cards to potential customers and influential individuals can help kickstart your business.

Securing your first customers can be a challenging hurdle when starting any business in Nigeria. To overcome this obstacle, offer samples of your small chops to potential clients who are likely to engage your services. Providing samples to influential individuals in various fields can lead to their endorsement and recommendations. Ensure that your samples are not only delicious but also visually appealing, as presentation plays a crucial role in the culinary world. Offering substantial discounts for your first customers can further incentivize them to choose your small chops.

Upon securing your first order, it’s imperative to maintain a high standard of service. Quality and punctuality are non-negotiable, as they form the foundation of a strong reputation. You can also consider attaching your complementary cards to each plate of small chops you deliver. This strategic approach can facilitate word-of-mouth marketing, ensuring that guests who enjoy your offerings have easy access to your contact information for future orders.

In conclusion

The small chops business in Nigeria offers an exciting opportunity for budding entrepreneurs. It’s a venture that demands patience and persistence but can yield substantial rewards over time. Contrary to any preconceived notions about it being exclusively for one gender, men have found success in this field as well. If you’re passionate about creating delectable small chops and serving them to an ever-expanding clientele, this business could be your path to success. Small chops catering, with its capacity to cater to large groups, presents a lucrative opportunity to not only satisfy your passion for cooking but also to build a thriving business. Embrace the culinary world of small chops, and you might just discover your own recipe for success in the competitive landscape of the Nigerian food industry.

Categorized in:

Share Article:

Leave a Reply Cancel reply

Save my name, email, and website in this browser for the next time I comment.

Related Articles

How to start boxers business in nigeria in 2023, how to start photography business in nigeria in 2023: detailed guide, how to start leather belts business in nigeria in 2023, how to start clothing business in nigeria in 2023: simple guide, other stories, how to start laundry business in nigeria in 2023, how to start bookshop business in nigeria in 2023.

Small Business Trends

Will the build back better plan help small businesses or hurt them.

Biden’s Build Back Better Plan has been on the back burner.

Before his inauguration, Biden laid out the agenda for a long-term Build Back Better Plan. The Build Back Better Plan had three parts – The American Rescue Plan, the American Jobs Plan and the American Families Plan.

The American Rescue Plan was launched in March 2021. The American Rescue Plan provided short-term relief to the Covid-19 crisis with programs and funding for businesses and citizens.

Will Build Back Better Benefit Small Business?

The country’s  2022 Budget Resolution, presented to Congress last week, incorporates the Build Back Better Plan. The budget resolution calls for $3.5 trillion in spending. The resolution will be reviewed by committees, 13 in the House and 12 in the Senate.

It includes an option for Congress to pass it using a “reconciliation” measure. That means that the 2022 Budget Resolution can pass by a simple majority in the Senate.

The 13 House Committees must return a report by September 15.

Will the 2022 Budget Inclusions Help Small Businesses?

Let’s go through the 2022 Budget Resolution summing up by category:

Child Care – Supports improvements to child care facilities.

Education – Includes funding for school building upgrades and two years of free community college education.

Health Care – Expands Medicare by added dental, vision and hearing coverages.

Paid Leave – Calls for creation of a national, comprehensive paid family and medical leave program.

Climate Crisis – Investments in clean energy will be made through grants, consumer rebates and Federal procurement of clean power.

Affordable Housing – Increase housing vouchers and increase funding for tribal housing.

Tax Cuts for Families and Workers – Calls for an extension of the already-expanded Child Tax Credit.

Research, Development and Innovation Infrastructure – Calls for revitalizing laboratory and research facilities, and modernizing the supply chain.

Immigration – A goal of providing a pathway to lawful permanent resident status for those from immigrant communities.

Prescription Drug Costs – Will allow Medicare to negotiate lower prescription drug prices.

Will the Build Back Better Plan, as incorporated into the 2022 Budget Resolution, help small businesses?

You and your employees presumably would benefit from improvements to child care facilities and a national paid family and medical leave program. You may also begin to consider investments in clean energy, if grants and rebates provide incentive.

It’s important to realize that although actual numbers have been allocated by category, the specifics have not yet been stated. That task is up to the 13 House committees.

Image: Depositphotos

Comments are closed.

© Copyright 2003 - 2024, Small Business Trends LLC. All rights reserved. "Small Business Trends" is a registered trademark.

The governor's changes would effectively ban skill games in Virginia, small business owners fear

RICHMOND, Va. (AP) — Virginia Gov. Glenn Youngkin has proposed a rewrite of legislation intended to legalize and tax skill games, adding stiff new restrictions that industry supporters argued would still amount to a de facto ban of the slots-like gambling machines hosted by small businesses.

The governor put forward amendments late Monday that overhaul a measure the General Assembly sent him in March, calling for a higher tax rate on the receipts from the machines, and a provision allowing localities to prohibit them.

The proposed changes also add placement restrictions on the arcade-style games, banning them within about a half-mile of churches, daycares, and houses of worship, and seemingly excluding them in many metro areas that already host a gambling establishment.

While skill-games supporters vowed to fight the proposed changes, Youngkin spokesman Christian Martinez said in a statement that “the added protections” the governor is seeking address “serious concerns with the regulatory structure, tax rates, the number of machines, impact on the Virginia Lottery and broader public safety implications” of the legislation.

Other Youngkin Actions

The skill-games bill was one of dozens Youngkin took action on late Monday, as he ran up against a deadline to complete work on measures sent to his desk during the regular session that ended March 9.

The governor, a Republican, vetoed measures that would have set up a prescription drug affordability board and allowed all localities to hold a referendum on raising sales taxes to help fund school construction.

He amended a Democratic priority measure that aimed to protect the right to access contraception in a way supporters said gutted its intent.

And he signed off on measures expanding the state's revenge porn law and establishing 18 as the minimum age for marriage.

Of the 1,046 bills sent to him this year by the Democratic-controlled General Assembly, he signed a total of 777, amended 116 — including the state budget — and vetoed 153, his office said.

Youngkin has vetoed more bills this year alone than any of his seven immediate predecessors did over their entire four-year terms, according to an accounting by the nonpartisan Virginia Public Access Project.

Lawmakers will reconvene in Richmond next week to consider his amendments.

They could also attempt to override his vetoes, though Democrats would need Republicans to join with them to reach the necessary 2/3 vote threshold.

Skill games debate = a rare issue

The skill games debate is a rare issue that has not fallen along partisan lines.

A coalition formed to push for legalization this year centered the voices of the small-business owners who hosted the machines in establishments like gas stations and restaurants and shared in their profits before a ban first passed in 2020 took effect.

Rich Kelly, a restaurant owner and the president of the coalition, said in a statement Monday that Youngkin's amendments were “devastating” and would effectively ban the machines by prohibiting them within 35 miles of any casino, racetrack, or gambling “satellite facility.”

Virginia has casinos in Bristol, Danville, and Portsmouth, and allows wagers on live horse races and another form of slots-like betting in historical horse race wagering parlors around the state.

Youngkin's proposed tax rate — 35% according to the governor's office — would also make skill games the highest taxed good in Virginia, Kelly said.

For years, policymakers in Virginia and around the country have been grappling with how to regulate the machines, which look similar to slot machines but involve an element of skill, their manufacturers say. Virginia lawmakers first voted to ban skill games in 2020 as they were opening the door to casinos.

Operators got a reprieve after then-Gov. Ralph Northam asked lawmakers to delay the ban by a year and instead tax the machines and use the revenue for COVID-19 relief.

The ban took effect in July 2021 but was challenged in court and put on hold for a while amid that fight.

Bill sponsor Aaron Rouse, a Democratic senator from Virginia Beach, said in a statement that he would work to block Youngkin's amendments and “do everything possible to make the interests of small businesses – not casinos or massive out-of-state corporations – a priority.”

A coalition opposing skill game legalization that counts the state's casinos among its members said in a statement that it was still reviewing the amendments but it appreciated the governor's “more thoughtful approach” to a measure that would have “led to an unprecedented expansion of gambling in Virginia.”

If both legislative chambers agree to Youngkin’s entire set of amendments when they meet next week, the bill as amended would become law.

If lawmakers only accept certain amendments, the bill would be returned to Youngkin, who could either sign or veto it.

In other action late Monday, Youngkin approved a pair of mental health reform bills that stemmed from the death of Irvo Otieno, a 28-year-old Black man whose death last year while in custody at a state mental hospital sparked outrage and led to both legal charges and a wrongful death settlement.

Youngkin also sought amendments to two pieces of legislation that touch on organizations related to the Confederacy in a way that means lawmakers would have to approve them again next year before they could take effect. One of the bills would have ended a tax perk currently enjoyed by the United Daughters of the Confederacy, and the other would have ended the issuance of special license plates honoring Robert E. Lee and the Sons of Confederate Veterans.

Click here to SHARE YOUR VOICE on these issues with the CBS 6 Newsroom .

Sign up for the Headlines Newsletter and receive up to date information.

Now signed up to receive the headlines newsletter..

Entertainment

Watch 'The Jennifer Hudson Show' weekdays at 3 p.m. on CBS 6!

• New Terms of Use
• New Privacy Policy
• Your Privacy Choices
• Closed Captioning Policy

Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by  Factset . Powered and implemented by  FactSet Digital Solutions .  Legal Statement .

This material may not be published, broadcast, rewritten, or redistributed. ©2024 FOX News Network, LLC. All rights reserved. FAQ - New Privacy Policy

Labor market woes: US small businesses scale back hiring plans

The national federation of independent business found that small businesses scaled back their hiring plans last month.

Tight labor markets are easing a bit for small businesses: Ben Walter

JPMorgan Chase Banking Business CEO Ben Walter discusses how small business optimism can increase on The Claman Countdown.

U.S. small businesses' hiring plans fell last month to the lowest level since the early stages of the COVID pandemic even as the labor market remains tight, according to the latest jobs report from the National Federation of Independent Business (NFIB).

The NFIB's report found that just 11% of small businesses surveyed in March planned to create new jobs in the next three months, down one point from February and the lowest level since May 2020. The decline brings the index below its historic average of 11.8% and the NFIB noted in its report that, "Job creation plans are now below what would be typical in a strong growth economy."

More than half of small business owners, 56%, reported hiring or trying to hire in March – a metric that was unchanged from February and prompted the NFIB to note that "employment activity remains solid, although waning from peak levels." 

"Job openings on Main Street are now in line with the levels before the pandemic," NFIB Chief Economist Bill Dunkelberg said in a press release. "Even with the slowdown in openings, the small business labor market remains tight, and owners continue to compete to retain and recruit employees."

WHAT TO EXPECT FROM THE MARCH JOBS REPORT

The National Federation of Independent Business found that small businesses scaled back their hiring plans last month. (REUTERS/Brian Snyder / Reuters Photos)

The competitive labor market prompted a net 38% of small businesses to report raising compensation, an increase of three percentage points from February which was the lowest reading since May 2021.

Nearly one-third of small business owners, or 31%, have job openings for skilled workers while 14% have openings for unskilled labor.

PRIVATE SECTOR JOB GROWTH RISES MORE THAN EXPECTED IN MARCH

A majority of small business owners reported finding few or no qualified candidates. (Photographer: Daniel Acker/Bloomberg via Getty Images / Getty Images)

The industry with the highest percentage of small businesses reporting job openings was transportation with 77%, up from 53% a year ago. It was followed by services and construction, which each had 44% of small businesses report job openings.

Construction job openings were down nine points from last month and 29 percentage points from a year ago, and almost half of small businesses in the sector reported having a job opening they can't fill.

US HAS A SHORTAGE OF MANUFACTURING WORKERS AND IT THREATENS GLOBAL COMPETITIVENESS

Small businesses' three-month hiring plans dipped to their lowest level since May 2020. (iStock / iStock)

Of those small businesses hiring or trying to hire, an overwhelming 86% of owners reported finding few or no qualified job applicants.

The NFIB's report comes after the ADP National Employment Report released earlier this week showed U.S. companies hiring more than expected in March despite high interest rates and uncertainty over when inflation will subside enough for the Federal Reserve to cut rates.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The reports come ahead of Friday's jobs report from the Bureau of Labor Statistics, which will give Fed policymakers a fresh data point to consider as they weigh potential interest rate cuts this year.

Reuters contributed to this report.

Australia joins global subsidy race with 'Future Made in Australia' plan

• Medium Text

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

Reporting by Lewis Jackson; Editing by Sonali Paul

Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab

Thomson Reuters

Lewis writes about companies, politics and energy as part of the Breaking News Team in Sydney. He covered months of strikes at some of Australia’s largest gas export facilities and the breakup of financial services firm PwC. Before Reuters he wrote about stocks at Morningstar.

Business Chevron

China's Q1 GDP growth set to slow to 4.6%, keeps pressure for more stimulus- Reuters poll

China's economy likely grew 4.6% in the first quarter from a year earlier - the slowest in a year despite tentative signs of steadying, a Reuters poll showed on Thursday, maintaining pressure on policymakers to unveil more stimulus measures.

We've detected unusual activity from your computer network

To continue, please click the box below to let us know you're not a robot.

Why did this happen?

Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy .

For inquiries related to this message please contact our support team and provide the reference ID below.

• Side Hustles
• Power Players
• Young Success
• Save and Invest
• Become Debt-Free
• Land the Job
• Closing the Gap
• Science of Success
• Pop Culture and Media
• Psychology and Relationships
• Health and Wellness
• Real Estate
• Most Popular

Related Stories

• Earn Over 150,000 student loan borrowers   will soon have their debt forgiven
• Become Debt-Free President Biden forgives student debt for   nearly 78,000 borrowers through PSLF
• Become Debt-Free Student debt relief due to financial   hardship could be on its way
• Become Debt-Free Some student loan borrowers will start   seeing their debt forgiven in February
• Become Debt-Free FAFSA delays snarl college admissions   season—what students can do

25 million student loan borrowers could see their balances shrink under Biden’s new forgiveness plan

President Joe Biden and his administration are moving forward with plans to provide student debt relief to as many people as possible.

The administration announced Monday the details of its new plan to reduce student debt balances for millions of borrowers. The proposed regulations — which were drafted as part of the months-long negotiated rulemaking process — feature several different ways for borrowers to see their debt balances reduced, if not eliminated entirely. 

The provisions of the plan include forgiving excessive interest that has accrued, discharging balances that have been in repayment for 20 years or more and relief for borrowers who attended now-closed or insolvent institutions.

"[The] plan is focused on the reasons that people are struggling with their student loan debt," James Kvaal, Under Secretary of Education, told CNBC Make It. 

"People who are upside down on their student loans because interest has racked up faster than they could pay it, people who have been making payments on their loans for decades and still owe those loans — it's a sign of how aggressive the President is [being] in tackling the student loan crisis," he said.

The relief provisions will soon be open for a public comment period where the administration will consider revisions to its proposal before it goes into effect. Some provisions are expected to roll out as early as this fall, the administration said.

As with Biden's previous student debt forgiveness proposals, it's possible this plan will come under legal scrutiny if challenged by opponents. But this plan differs from his previous action by using a different legal authority — the Higher Education Act — and narrowing the scope of borrowers eligible for relief.

In the event this plan is enacted and a future presidential administration wanted to repeal it, it would need to go through the same lengthy rulemaking process, Kvaal said.

Here's the relief borrowers may expect to see in the coming months.

Up to $20,000 of accrued interest forgiven

Interest accrues daily on student loans and some borrowers have interest rates as high as 8%. As a result, many borrowers wind up with balances higher than what they initially took out for school, despite making regular payments.

Biden's plan aims to address that "runaway interest" by canceling up to $20,000 of the amount a borrower's balance has grown due to unpaid interest after entering repayment. Single borrowers who earn $120,000 or less and married borrowers earning $240,000 or less who enroll in an income-driven repayment plan would be eligible to have their entire excess interest balances discharged, the administration said. 

Some 25 million borrowers stand to benefit from their interest balances being reduced if the plan goes into effect as proposed. An estimated 23 million of those borrowers will have their entire balance growth forgiven, according to the administration.

Automatic loan discharge for forgiveness-eligible borrowers

The Biden administration has canceled debt for over 1 million borrowers through existing forgiveness programs, including Public Service Loan Forgiveness , income-driven repayment and closed school loan discharges.

The administration estimates another 2 million borrowers are eligible to have their debt forgiven under these programs, but have not yet applied .

The new plan will allow the administration to use available data to identify and automatically clear balances for these borrowers as they are eligible, without borrower action.

Debt forgiveness for long-term borrowers

Another 2 million borrowers could benefit from a provision that will clear debt balances that are at least 20 years old for undergraduate borrowers and 25 years for graduate borrowers. It will apply to undergraduate borrowers with direct loans or direct consolidation loans who entered repayment on or before July 1, 2005, and graduate school borrowers who entered repayment on or before or July 1, 2000.

Currently, borrowers enrolled in the Saving on a Valuable Education plan or other income-driven repayment plans are eligible to have their remaining balances discharged after 20 or 25 years, but the new regulation would eliminate the IDR requirement.

Relief for attendees of 'low-financial-value' programs

The Biden administration has made a concerted effort to "hold colleges accountable when they leave students with mountains of debt and without good job prospects," it said in its statement. 

As such, the new plan would waive loans for borrowers who attended institutions or programs the administration identifies as "low-financial-value."

That includes schools that have lost eligibility to receive federal student aid or were denied recertification due to cheating or taking advantage of students, as well as programs that have since closed or have a history of leaving students with high debt loads and poor earnings outcomes.

Help for borrowers facing financial hardship

The administration says it is committed to pursuing a "specific action" for student loan borrowers experiencing a variety of financial hardships , although it's not yet clear who may receive relief and to what degree their balances will be reduced.

"This could include delivering automatic forgiveness to borrowers predicted to be likely to default on their loans, or through an individualized applications where borrowers could detail their financial hardship that is preventing them from being able to fully pay back their loan, such as a child care or medical expense," the administration said in its statement.

Want to make extra money outside of your day job?  Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories. Register today and save 50% with discount code EARLYBIRD.

Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.