• Wednesday, June 19, 2024
businessday logo


Entrepreneurs urged to invest in business sustainability

Entrepreneurs urged to invest in business sustainability

Ezekiel Solesi, Forbes coach/CEO of LIMBsimple Business Academy (LBA), has urged entrepreneurs to invest more in deepening their knowledge of the business environment to build a sustainable enterprise.

Read also: Financial literacy: Foundation empowers women entrepreneurs in Lagos

Solesi made the call at a 2-day LIMBsimple strategy growth conference, which started in Lagos, on Monday, saying that business owners need robust entrepreneur education to better understand the dynamics of staying in business while also paying attention to extant regulations that have a direct impact on their business environment and profitability.

“Government should increase business education. If the government spends money educating people who have registered businesses that there is a mandatory course on taxation, then the entrepreneur starts his business knowing that,” Solesi said.

LIMBsimple is an acronym for Life, Investing, Business, and Money made Simple. It is a management consulting firm aimed at teaching proven business secrets to help businesses grow into formidable enterprises.

Solesi said the organisation was set to coach about 100 businesses to attain a yearly turnover of N1 billion by 2027.

Read also: UK-Nigeria Tech Hub unveils social impact accelerator for entrepreneurs

“In the last 14 years, we have worked with about 4000 entrepreneurs. We have 41 of our clients that exceed N1 billion a year through our mentoring, training, and coaching and by 2027, we are looking to have up to 100 of our clients attain the N1 billion a year mark,” he said.