On BU$IN£$$ DIG£$T this morning: Dear Entrepreneur or would-be entrepreneur, do you know that, that your business no matter how small it looks or seem to look has an effect on the overall economy of Nigeria? There is what is called the informal sector of the Nigerian Economy and it is estimated that the informal sector businesses contributes about 64% to the Nigerian Economy. This particular sector of the economy is largely unstructured and highly unregulated. Suffice it to also note that, the players in this sector are sensitive to charges because their margins are very thin. Their businesses simple thrive on volume and rapidity of stock turned—what is literally called turnover. The activities in this sector are vide infra: -Retail Trade -Agricultural activities -Transportation -Small scale restaurant owners -Repairs Services -Small scale, largely self-employment services -Financial inter-mediation etc. Its therefore important you take that business seriously. Yours-in-Entrepreneurship Emmanuel Idenyi Shaibu Esq The Millennium Entrepreneur Twitter handle @EIdenyi You can also like our FB fan page by visiting and liking facebook/emmabglobalconcept Email us emmabglobalconcept@yahoo Visit our blog idenyi1.wordpress Our website is under construction and will soon be ready Keep enjoying the break and remain customer-centric
Posted on: Tue, 07 Oct 2014 03:45:32 +0000
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