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RE: 1000$ Plan _ Not Just Spending.
It's enough to start a business here,a big business that would sustain someone.
0.00000000 BEE
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It's enough to start a business here,a big business that would sustain someone.
I guess it helps that the cost of living is lower, although I'd love to know how it relates to earnings. If the cost of living is half that of the UK, but earnings are also half, then it kind of balances out.
It's a shame that there is a perception that investing in small or startup businesses overseas is so risky.
What kind of challenges do Nigerian small businesses face ? Here, I have significant issues with over-regulation, high (and over-complex) taxation, dealing with large suppliers (e.g Royal Mail, utility companies etc), and general crime (false non-delivery claims and other forms of theft/fraud).
Corruption isn't a direct issue here, but indirectly it has a massive impact - it's a game that only some can play, but drains massive amounts of money from the economy, which is being reflected in crumbling infrastructure and general inefficiency. We've had a saying for a few years: "nothing works any more".
What I really admire in the Nigerian businesses I see posting here on Hive is their incredible resilience, adaptability and hustle mindset. Something the English could definitely learn from !
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