According to him, one of the reasons why Africa is emerging as an IT hub is the high cost of living there. He says that over the past few years, the cost of doing business in Africa has risen by about 70%. In addition, he says there is no clear trend for the cost of doing business in Africa. Costs may even go up slightly in the next few years. The situation will only change if oil prices go up, or if there is another big issue like terrorism or war. The big worry for many in Africa is how they can compete with high-priced multinational companies that have deep pockets.
According to Anthony Ejefoh, one of the reasons why investors should be attracted to African markets is the low cost of starting a business. He says there are many countries in sub-Saharan Africa where startup costs are less than half what it costs in the developed world. This includes the cost of IT equipment. There are also many incentives that companies can get for starting operations in Africa. According to Anthony Ejefoh, the government in Lagos, Nigeria offers attractive tax benefits. He says this is one of the major reasons why more businesses are choosing this African country as their base.
When setting up an operation in Lagos, Anthony Ejefoh recommends getting the services of an accountant. They will not just be able to handle the bookkeeping but also help entrepreneurs understand their legal obligations. According to him, entrepreneurs do not have to worry about hiring employees as there is a huge labor force in Lagos. He believes that entrepreneurs do not have to spend much on advertising as the market for electronics is very large.
The biggest challenge for entrepreneurs when starting a business in Lagos is finding a place to call home. According to Anthony Ejefoh, the perfect place for a tech startup is a hip area where many businesses are also present. For example, in Lagos, one could look at Tech Village, a trendy commercial locality packed with cafes, restaurants, and bars. Apart from cafes, there are a cinema theater and one of the biggest bookstores in the city.
There are many employment options in Lagos. According to Anthony Ejefoh, it is a good idea to try different jobs before settling down on one. The salary packages offered by Lagos State University are good enough and many local businesses are eager to hire employees. He says that there are many job opportunities available in Lagos for people who are passionate about technology.
A Techlyta employee may have the option of working in an office or working from their home. This depends on the entrepreneur’s choice. There are many benefits of working in an office. The most important benefit is that employees will have a fixed workplace, meals, and other amenities. However, for those who prefer to work from home, they can rent a room or premises of their own.
As an entrepreneur, having your own business gives you more freedom. This allows an individual to have more input into the company’s business plan. It is not uncommon for employees to hold meetings and discuss their ideas with the owners. It is, therefore, safe to say that an aspiring tech entrepreneur will have more input than his colleagues in an established firm.
There are a number of factors that will determine how well a business runs. Having the right attitude is one such factor. In business, there is no such thing as a success as long as no one actually succeeded. The only successful person is the one who started it. If you are one of those individuals who are thinking about establishing a business of your own, then you should consider operating and running a tech agency in Lagos.
