The Chief Executive Officer, R&S Consulting Limited, Mr. Olufemi Adebiyi, talks to SIMON EJEMBI about the importance of entrepreneurial training and the attitude entrepreneurs should have towards bank loans, among other issues.
Why many businesses are failing
A lot of people don’t know that many businesses are failing because they keep seeing new businesses on the streets. A study had shown, some years back, that only one out of every five businesses live up to their fifth year, which means four would have died before they are five years old. There are several reasons for this. What I have found over time is that the major reason why businesses fail is ignorance.
