Post
Topic
Board Bitcoin Discussion
Re: My dream business succeeded
by
uchegod-21
on 20/01/2024, 16:25:26 UTC
Congratulations to you and be grateful to your dad who gave you a lifting hand. It is not many that enjoy such privilege from their parents.

Now I've furnished and equipped the bar with different brands of drinks. I was thinking of using Bitcoin as a medium of payment for my new business since there have been massive involvement of people from my country in Bitcoin after the initial ban placed on cryptocurrency in my country was being lifted.
Now that you have furnished and equipped your bar, can you think more of how to make your business sustainable. Can you think of how to out smart your competitors. Can you also think of how to attract more customers to your business. If you have a staff that you have employed, can you think of how to train the person to understand customer relationship management. There are a lot of things to think about in your bar business and order to be profitable on the long run. Planning to accept Bitcoin in year business is one of the list things that should trouble you. It is not many people that uses bitcoin for transaction in Nigeria. I mean even if you decide to use Bitcoin for your business you might not have any person paying with bitcoin for about 2 to 3 months. Even if people patronizes you with Bitcoin, how will you handle the volatility apart from the transaction fee which might take the profit in your business. You can find some other ways to promote Bitcoin in your neighborhood and not to force it in a business that do not actually need it to survive.