Structured MSMEs: The ease of doing business with government

Structured MSMEs: The ease of doing business with government


Structured MSMEs: The ease of doing business with government
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By Timi Olubiyi
IN today’s turbulent business environment, predominantly with the economic recession, inflation and the disruptive novel coronavirus, COVID-19, pandemic, strategy becomes the main source of competitive advantage for businesses and organisations. However, for a strategy to be meaningful, a business must have a reliable, working and organisational structure.
The fundamental problem that occurs in most businesses, particularly the nano, micro and small-sized enterprises in the country is that they operate informally, and how to establish a successful and profitable enterprise in a way to satisfy the common and personal interest is complicated. I am delighted to correctly inform you that this issue revolves around sound business structure planning. Hence, when a business and its activities are divided, organised, coordinated and controlled without duplications and is hassle-free, it is said to be structured.

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