Business StartUp
One of the commonest ways through which people try to make more money is going into business. Yet, in Nigeria, one of the commonest ways through which people greatly lose their wealth is investing in business. To prevent or stop falling a victim of this unfortunate experience, it is important to know why.
Business startups failures are common in Nigeria.
A study shows that only 1 out of 25 businesses that started together in Nigeria survive after 10 years, that is, a staggering 96% of businesses fail after a 10-year period! But the fact that a few still survive and thrive shows that there are things they do differently to be successful.
The big difference between a business that fails and the business that survives is the degree of effectiveness in bridging underlying business capability gaps. Given adequate business capabilities, every business startup survives, thrives, and lasts!
Business capability gaps are possibly missing specific building blocks of a business that significantly affect any business’ ability to do what it set out to do and achieve its objectives.
At Projectprofessional, we understand that many business startups that take off without all underlying capability gaps identified and bridged are the major causes of loss of wealth by investors. Our job is to help entrepreneurs and investors identify underlying capability gaps in a business at the startup stage and provide ground-breaking solutions to effectively bridge such gaps.