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Nov 11, 2018 • 23 tweets • 4 min read
DAY 11: FUNDING YOUR ENTERPRISE
This begins a new thread on funding tips with focus on micro, small and medium enterprises (MSMEs). What is an enterprise? An enterprise is a for-profit business (for this thread) involved in creating & trading of goods and service at small scale.
Enterprises in Nigeria with sole proprietorship structure are called VENTURES and only cost N5,000 ($14) to register (business name). The owner is fully financially liable and responsible without limitation or accountability checks. Hence, ventures are not structured for equity.