There is a general prevailing statistic that small businesses in Nigeria fail within five (5) years. It could be for some reasons, including political instability, poor bookkeeping, poor management practices, and more.

However, most of this business failed to thrive because of problems that are from the setting-out stages. It may be from poor conception or improper planning.

Having the capital to start a business is not the only prerequisite for starting a business. Other factors contribute to the success and sustainability of businesses.

The first step to ensuring that a business survives is to ensure proper planning that involves considering all stakeholders and their impact on the business continuity. Here, then, are some of the things to consider before starting a business:

Read more: https://starthustlenow.com/business-tips/five-things-to-consider-before-starting-a-business-in-nigeria/

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