One of the ways to reduce our rate of unemployment is to encourage made in Nigeria. One of the way to also reduce the depreciation of the naira against other currencies is to encourage the buying and trading of Nigerian made products. The government should also help in the aspect of organizing the market. Prospective entrepreneurs should also learn to look for specific areas in whichever field they decided to venture into. You may not be able to manufacture a car but if you can manufacture car lamp, start with that. with time, you will add more areas to venture into and before you know it, you will start making a car. A little rivers they say make up an ocean.
Other thoughts on entrepreneurship It is relevant that an entrepreneur should have a written business plan before registering with the Corporate Affairs Commission (CAC). The business plan should include the nature of the business, the sales and marketing strategies as well as the financial background and profit statement. However, emphasis should be on what makes your business different from other available ones.
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