When the world economy was crumbling down in 2007, the US was taking the lead in the economic down turn and playing the recession game in trouble waters just like what Nigeria is experiencing right now. Though that of Nigeria is believed to be self-inflicted as over reliance on the black gold as the only source of our national cake has been given a big blow by dwindling crude oil price. No more national cake to squander. A cake where every leader of the days takes its cut without leaving even the crumbs for the future generation.
But unlike in Nigeria where the economic beating is more on the foot soldiers that is the masses, the astonishing thing to note about the US under similar economic pressure is that as the big companies were laying off staff and downsizing with others folding up, it was the small and family size business that was sustaining the economy.
One may likely want to say that preparation was the key. I don’t share that opinion. It is just that the American people believe in themselves. They do not wait for government to supply their pocket with cash. They believe in the I-can-do spirit. An average American’s thought is owing a business, a farm or at worst a garden at the back of the house for vegetable or a bread baking store in front of the house.
When many big retail shops were locking up and selling off their goods for garbage fees in the US during those belt tightening periods. Guess what? The home businesses that employ mere one to ten staff were up and standing. Because these small homemade and family run companies were so many in the country, they prevented the American economy from a total collapse.
Low skilled production outfit, small private holdings and one-man business as we all call it here were up and running and became like a shock absorber for the US economy. The government did not need to bail out these small production and service firms because they were just too small to fail and since they were closer to the people they had products that were “can’t do without”. These small business became the life wire for the US economic to revamp and get out of the economic quagmire quicker than ever.
With all these, the American government had a clearer focus, concentration and an opportunity to bail out the big boys. Today that economy is back on its feet stronger than ever. All these could not be done if the “One fuel pump family own filling station” was not doing its job proving employment for two or three persons. Probably we should talk about that small Soap and detergent plant behind the storehouse producing daily used liquid soap, hand wash and bathing soap for public use and turning in daily revenue for the owner who are in their thousands across US.
The small rice processing and packaging plant was not far from the garden, maned by two staff for the family business. I am sure you would want to know about the small bread making factory behind the family garage providing confectioneries to the community on a daily basis. The family own restaurant in front of the house is not left out. Oh dear me, how could I have forgotten the small homemade shoe factory in the balcony of the house. Oh I love this one, two cousins just graduated from high school or university decided to float a service company that produces consumable for dry cleaning and laundry outfit with their office in their parent kitchen house. You bet I can remember that car wash and service company owned by uncle joe beside Auntie Julie hair make up and barbing saloon. Or is it brother John’s food packaging and supply center just by the corner of the street. Burger and chicken hot spot by the parking lot own by nephew James. Uncle Fred’s wife fabric making outfit in her father in-law’s abandoned property. Boy the list is endless.
Imagine about 10 million Nigerians involved in all these stuff with some of them having it as a chain of businesses, just like it was in the US and still is till today, we will never have to have a personal relationship with recession even when it exists. We are the directors of our own economic lives. We can change this economy by creating our own income and at the same time make jobs for others even when you are still working. You can create an economic buffer zone for yourselves. You can lift yourself above the tides.
Common let start something serious. Join me now and change this economy, 08037370173, 08023982600

Theonlyway:


You can create an economic buffer zone for yourselves. You can lift yourself above the tides.
Common let start something serious. Join me now and change this economy, 08037370173, 08023982600

Nice write up and insight, but you didn't give us an hint on how you're going to do this, I can't just `join' you like that without seeing your mandate, aims & objective.

Thanks