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Should You Consider Self Employment?
March 05, 2023
Self employment means being your employer – your boss – rather than relying on someone else to employ you to work for him in his own business. There has been an increasing call for entrepreneurship in the country, considering what many people prefer to call the deplorable state of the labour market.
If you are out of work, ask yourself whether you should consider your own business or continue waiting for the right job to come your way. The information presented here should help you in making the right decision.
The Employment SituationIt will be correct to say Nigeria currently has a terrible unemployment situation and requires a solution. Hundreds of thousands of young people in the country are either under-employed or completely unemployed.
On top of this, higher learning institutions churn out graduates into the labour market every year. The sad thing here is that the education system in Nigeria places less emphasis on self-employment. But more on preparing people for jobs that are not available.
Those lucky enough to have a job also have their problems. Many have to make do with meagre salaries. It is common to hear of workers being owed salaries for several months by employers, including the government.
Employees, especially those in private, non-unionized establishments, are often reluctant to protest for better treatment for fear of being given the sack.
Self Employment in NigeriaThe unemployment situation in Nigeria often leads to those looking for work being advised to become self-employed. There are benefits for self-employed, but capital is usually an issue. Imagine a fresh, unemployed graduate who needs collateral security to access loans. Where will he get that loan? Little wonder then that many of such sometimes end up riding commercial motorcycles (okadas), which could put them in harm’s way.
Small business owners are also experiencing challenges with irregular power supply and high taxation, amongst other issues. Some of these businesses are often forced to pack up due to doing business in Nigeria.
Becoming Self-Employed through Network MarketingIt is possible to get yourself gainfully employed with little capital. Network marketing offers you a ray of hope. It is a marketing arrangement involving selling merchandise and paying commissions for sales made while you remain your boss.
And earning does not stop there. You can also make extra money by sponsoring or introducing new distributors to the business. Here are a few of the benefits of self employment with network marketing.
No office - One of the main appeals of network marketing is that you do not need an office to start making money. It saves you money on rent. You also do not require employees to start.
High-income potential - Aside from sales commissions, you stand to make residual income from efforts made by those you sponsor (your downlines). These can significantly surpass what you can earn working for someone else.
Freedom - With network marketing, you can decide how much you want to work. You are not restricted to fixed work hours as an average employee would.
Entrepreneurship is not an easy thing in Nigeria without access to significant capital. Network marketing offers a less capital-intensive means to become self-employed.
Olabode Oruku is the chief executive officer of Oruku Alternative Healthcare and Oruku Consultancy Services. He is a nutritional and natural healthcare consultant, a negative belief clearing practitioner and a health and wealth coach.
He possesses a license from Lagos State Traditional Herbal Medicine Board and also trained in Chinese traditional herbal medicines. He integrates both pieces of knowledge for the health being of Nigerians.
He possessed certification from Newskills Academy located in the United Kingdom as a Life Coach.
He has certification by SiteSell Education based in Canada to teach a brand new continuing education course called "Building A Successful Business Using The Internet."
You can reach him on mobile phone 2348033205456 or Whatsapp 2348121325411.
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