SME’s folding up due to insufficient information

The lack of reliable and sufficient information to make business decisions is the cause of the folding up of small and medium scale businesses in the informal sector in the Upper West Region.

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SMEsFirst timers and existing business owners do not seek adequate and reliable information and opportunities on business before they venture in to it.

“These are the reasons why most businesses cannot stand the test of time, especially in the private sector,” Dr. Issahaque Munawaru, Director of EduBus Consult, an Educational and Business consultancy, observed at the launch of the firm in Wa.

The multifaceted centre would provide consultancy service on Education, Business, Relationship and marriage counseling, as well as provide capacity building workshops for organizations and agencies in both the private and public sectors in the region.

The centre which is the first of its kind in the region would provide credible database on businesses for clients, to a make well informed decisions and conduct research to get more reliable information.

Dr. Munawaru said the consultancy sector in the region had not been exploited for such a long time hence the need to venture into it to save many businesses from collapsing.

Hajia Fusata Hamidu, Wa Municipal Director of Education urged all to take advantage of the center, especially students, for information and career guidance.

GNA

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