Money Making Monday: Some Patterns and Challenges that Hinder Business Growth in Owerri
In Owerri, the streets are bustling with small and medium-sized businesses ranging from fashion boutiques to customer service companies, Media houses, eateries, tech hubs, etc. Yet, many of these businesses struggle to reach their full potential compared to their counterparts in other cities like Lagos, Abuja, or even Port Harcourt. While environmental factors such as infrastructure and market saturation play a role, deeper systemic issues lie within how businesses in Owerri are run. This article explores some of these patterns and challenges that hinder business growth in Owerri. One major issue plaguing businesses in Owerri is their hiring approach. Many employers prioritize hiring individuals they can afford to pay over those qualified for the job. For instance, a role requiring a professional is often filled by someone less skilled simply because the employer wants to save costs. Qualified individuals, unwilling to compromise on fair pay, often decline these offers....