The high population in Douala, Yaoundé, and Bamenda which are densely populated account for the high number of companies operating within this area. Y ou ought to access that the situation you would like to start out the business should have a high population rate. This is one of the foremost important factors every entrepreneur searches for before venturing into any business, be it online or offline. In Cameroon below are some factors one must critically examine before setting up a business. These factors apply to each and everyone across the planet. There are several factors to consider in life before starting a business. Besides freedom, you also enjoy tax benefits as an entrepreneur in Cameroon.įactors To Consider Before Starting A Business In Cameroon This is because your life gets back to control. There is so much freedom you get to enjoy as an entrepreneur in Cameroon. #4 Start a business in Cameroon to Experience Freedom Starting a business in Cameroon out of passion benefits helps expose you to persons of different cultural diversity. When you create a business out of your passion, you get the chance to help those around you grow. #3 Start a business in Cameroon to Pursue Your Passion Why are we spending so much of our resources and time without first investing in ourselves to help others realize their dreams?Īnd you can do all that and so much more by beginning a company. The 9 to 5 can be a place where your dreams go to die. Starting your own business in Cameron as an entrepreneur helps you escape the rat race of 9 to 5 jobs. #2 Start a business in Cameroon to escape the 9 to 5 rat race
This altruistic motivation to start a company leads to a sense of satisfaction and intent that keeps entrepreneurs motivated for years to come.
Some entrepreneurs enjoy being able to give back the opportunity that someone once gave them: a paying job. Starting your own business will enable you to help family members, friends, and those around you. One of the major advantages of starting a business in Cameroon is to enables you to create jobs in society. #1 Start a business in Cameroon to Create Jobs The purpose of this article is to share with aspiring entrepreneurs, even existing ones, what are the things to consider before jumping into the world of business especially in an emerging country like Cameroon.Ĭameroon is a few country rich in natural resources, with great cultural diversity and motivated people, which suggests it’s rustic with tremendous potential.īusiness opportunities are often found in many sectors of the country’s economy, especially when it involves harnessing existing potential more efficiently, as an example, to extend productivity within the agricultural sector, expand the utilization of renewable energy or improve business efficiency through the utilization of recent IT systems. this is often a result of some factors discuss below though not all of those factors are liable for these venture failures, however, they contribute to a greater extent. Study shows that only over 50% of small businesses failed after the fifth year of operation. Yet the study shows that only 4% of newly created businesses manage to survive after years of operation.
Almost every individual, dreams of starting a business or having a venture that they operate.
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