Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Challenges faced by business start-ups in Africa.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="TOZZIBLINKZ, post: 289645, member: 37528"] In one article written back in the year 2013 it is said that Africa is the Homeland of small and large scale businesses. To some extent this is definitely true, but if we are to dig deeper we would come to see that there is a whole lot of challenges, demerits, as well as disadvantages surrounding and affecting business existence and business startups in Africa. More specifically countries in West Africa are facing a whole lot of challenges during startups, some of these possible challenges include: [B]* Infrastructure: [/B]an individual is totally possible to think that the only problem facing business start-ups and business existence in Nigeria is the lack of sufficient and adequate capital, however another major problem is the lack of infrastructural amenities by the government to businesses. Most Nigerian roads needed for the transportation of raw materials and finished goods are not built. Water and air facilities, that should aid or assist the transportation of perishable and bulky goods from one place to another, are not provided in sufficient amount, thereby restricting the ability for businesses to strive. [B]* Inconsistent government assistance:[/B] the government of most countries in West Africa perform poorly in assisting the existence of existing businesses in the country. One of the major ways they demonstrate their inconsistency, is by not making in provision capable business banks and business financial institution to issue and grant loans to business owners and young entrepreneurs who had the interest to establish businesses. [B]* Winning customers interest: [/B]the cost of living is definitely very high and also the standard of living is absolutely very low in most economies, however this make it very hard for existing businesses to win the interest and loyalty of customers and clients. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Challenges faced by business start-ups in Africa.
Top