Choosing Longevity Over Short Term Gains; How Economically Inclined Are Nigerian Business People? (3Speak Version)

in LeoFinance3 months ago

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The growth of a business is what happens with effort, the right conditions and time. When a business develops it naturally attracts customers she consumers because it has been tested and trusted. Nevertheless the reasons people are in business is to firstly make profits but then growth and longevity with the right marketing tools is what eventually makes businesses attains economics of scales.

Petty trading is one of the most lucrative venture in Nigeria because petty traders are the most direct and reachable form of retailers out there but the reasons why most petty traders don't reach that peak or that stage of growth is because they're into business for the short run, they have no human relation skills, they just want to make profits daily rather than taking time to build a customer-base, expanding their businesses and stopping to earn money per unit, but bulk.

The situation of the country's finaces is the shambles and this makes people want to make profit only a daily basis, maximizing their returns at the expense of growing overtime, I talk about all these and more.

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Yes most people can only see the present, they tend to leave in the moment. Whereas not planning for the future is like drive a car with no aimed destination. Any where will seem to be the destination but if the goal is to reach Abuja before night falls, the driver will be able to know if he is miles behind at a particular time and try to keep up in other not to run late.

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Yeah you're obviously right about that, it's imperative we plan, influencing the future sometimes is what we should be after relatively it shows we're prepared

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