Embrace ideas from business experts – Accountant tasks entrepreneurs

Mr. Ifeanyi Osagbogbu, a Chartered Accountant, has called on entrepreneurs in the country to embrace new ideas from business experts to ensure the sustainability of their businesses.

He gave the idea on Saturday in Abuja at the launch of two books entitled: “Basic Business Book Keeping, Accounting and Taxation” and “Business Development and Growth Divers”, both written by him.

Osagbogbu who emphasised the importance to acquiring new knowledge in business management, added that it would end the issues of startups folding up.

According to him, the books highlight some of the biggest mistakes that startups could make, as it also provides answers on how to improve the chances of their business success.

He said that the books would impact Nigeria’s economy as it would encourage production, productivity and ensure that citizens pay their taxes.

He added that as the government recently signed the start-up bill into law, the books would assist those going into their own business with adequate knowledge and secure their businesses from going down.

“These books means a lot as it teaches everyone to have a business and make some money and how to do it, including keeping the books either as an accountant or not.

“While the second book is to grow and develop the business so that you can leave it for the next generation.

“In today’s Nigeria that there is no need waiting job after graduation, you need to grow your own enterprise.

“So, these books are all about money making and making money for the government also through taxes,” he said.

Mr. Abdullahi Suleiman, the chairman of the occasion, said that the books would assist entrepreneurs to conquer the challenges of corporate management of their business.

“Many people start businesses and after a few years, it collapses, which shows that something has been wrong with the corporate management of such organisations.

“We feel that ideas coming from our own side as practitioners, accountants, auditors, tax experts, would be a bail out for corporate survival in the country.

“These books would help many businesses, sole traders, partnership, corporate entities, to successfully carry their businesses to a logical and long-term survival,” he said.