Suppose you invest a sum of N, and you are serious and consistent with your business and customers, you are sure to get a frequent turnover of N, by selling directly to end users customers. Your profit depends on how much you invest and how often you turn-over the cash.
Pinterest Workers in the informal sector, predominantly street traders, are demanding inclusion in the national decision making processes, especially in fee-fixing and tax collection at the assemblies.
View Trends, Analysis and Statistics Key Industries · Latest Market Reports · Competitive Insights · Data-driven DecisionsTypes: Market Statistics, Industry Insights, Market Overview, Industry Analysis. Workers in the informal sector, predominantly street traders, are demanding inclusion in the national decision making processes, especially in fee-fixing and tax collection at the assemblies. There are several ways you can go about searching for social enterprise business ideas. Creating a social business has many similarities to building a traditional business, but inspiration is usually drawn from a different place.
Speaking at a policy dialogue between the workers and the Minister of Local Government and Rural Development, the workers accused the city officials of double taxation, lack of transparency and harassment. Mr Enock Bio, Leather products seller, accused officials of the Accra Metropolitan Assembly of double taxation, issuing fake tickets and failing to show transparency in fixing market fees.
He expressed worry that large sums of taxes were taken from workers in the informal economy sector yet little was done to improve the unhygienic environment they worked in thus exposing them to contagious diseases and fire outbreaks.
Mrs Susana Yeboah, cosmetics seller, called on the Ghana National Fire Service to carry out regular public education for the workers, particularly market women, to forestall frequent fire outbreaks that had destroyed property worth millions of cedis and killed dozens.
She urged the Electricity Company of Ghana to check illegal power connections and stabilise the power supply since, in her view, were largely responsible for many fire outbreaks. Mrs Rose Awougya, welle hide seller, noted that failure of policy makers to involve people working in the informal sector was responsible for the bad drainage systems, poor layout and insanitary conditions at the market places.
The workers appealed to the Local Government Minister, Mr Julius Debrah, to allow them to be part of the decision making process affecting their daily lives for better provision of services and contribution to the national development agenda. Responding, Mr Debrah said the Government needed the informal sector to augment and contribute better to the transformational growth of the economy and would, therefore, act on their concerns through official communication to the various assemblies.
He refuted the claim that there was no policy in the informal sector, noting that what was lacking was how to implement those policies to benefit the people. He said city authorities needed to work closely with co-ordinated groups of traders to find ways of redeveloping the city and market spaces and provide more security for the traders, goods and physical infrastructure.
There are nearlyworkers who have been registered; over 88 per cent of them are women with the majority in the informal sector in Accra.“I used my graduation thesis to test my business plan for what we now know as Coker Creative.” A boutique event company, since its launch almost four years ago, it has executed events for private and corporate clients in Nigeria and internationally.
Depending on how financially capable you are, you can start this business on a very low scale with as low as N50,, on a medium scale you can start with N, – N1 million, and on a large scale you can start with N10 – N20 million to any amount because prices of different products are not constant.
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John-Paul Iwuoha is an author, impact entrepreneur, business strategist and founder of Smallstarter Africa. He works with entrepreneurs and investors to start up and grow businesses in Africa.
His work and articles have been featured on several local and international media, including CNN, The Huffington Post, The Africa Perspective Magazine, Business Day and LinkedIn Pulse, among others. This business plan is intended for a cosmetic company or any other business type. The process of writing a feasibility study remains thesame, all you have to do is to fix and replace the words in bracket to your own suitable words.
Mararaba Gurku is an urban slum community located along Abuja-Keffi Express way in Karu Local Government Area, Nasarawa State Nigeria with an estimated population of over 4 Million people who are mostly low income civil servants working in Abuja, the Nigeria Federal Capital Territory (FCT) and petty traders as occupants with an average daily income of less than one US Dollar.