Photos

Entrepreneurs on how they cope with high overhead these difficult times

digital-entrepreneur-mobile-office-620x370

It’s the responsibility of every employer at all levels to pay his employees as at when due.

The downturn of the economy is not supposed to bring about violation of the contractual agreement and other financial commitment as it were. Today, we present to you how entrepreneurs cope with high overhead at these difficult times…

Amanda Akhimien

Amanda Akhimien

AMANDA AKHIMIEN, Ever After

No, I don’t find it difficult when you manage your business well and do proper accounting. I believe that settling overhead cost wouldn’t be an issue.

I do my checks and balances and always look for new things the market wants and needs that helps in maximizing profit.

 

Demola Adunola

Demola Adunola

DEMOLA ADUNOLA, Dansaky

Overhead list is always settled whether or not the market situation is favourable. My belief is that every business sustained during crisis is such that can stand the test of time, and it will surely live longer. But during a difficult time, we always adjust to ensure that the profitability of the business is not down.

 

Mr. Latin

Mr. Latin

MR. LATIN

No. I don’t find it challenging at all, because I don’t bite more than I can chew. At the end, everything goes as planned.

It’s all about being careful and setting goals and objectives. When you know what comes in monthly or quarterly, then you tailor that into expenses and all that. Business profitability is the main thing.

Nike Fagbule

Nike Fagbule

NIKE FAGBULE, Zebra Stripes Networks

No. I don’t find it challenging at all, because I don’t bite more than I can chew. At the end, everything goes as planned.

It’s all about being careful and setting goals and objectives. When you know what comes in monthly or quarterly, then you tailor that into expenses and all that. Business profitability is the main thing.

 

Lawrence Onwukwem

Lawrence Onwukwem

LAWRENCE ONWUKWEM, Lawrence & Company

Not really, though the economy is not in the best of shapes. We are coping fine. At least we do not owe anybody. We also pay staff salary in time. Profit-wise, we are not doing badly.

 

 

 

 

Mina Horsfall

Mina Horsfall

MINA HORSFALL , Mish Concepts Limited

It has not been easy but I have a good team that do their job very well. Business must go on. And we thank God since we still operate profitably.

 

 

 

Bunmi Oyekunle

Bunmi Oyekunle

BUNMI OYEKUNLE, Hephzibah Boutique

Yes, I find it difficult to settle my overhead cost. What I do is that I engage in multiple streams of income to fund the business. By being flexible, innovative and hard working, I have been able to maintain it.

FEMI ADENIYI, Israel Group of Schools

Sincerely it’s been pretty difficult. What I do is that I discussed with my staffers on the situation of things. I commend them and try to make things bearable for them by bending some rules under normal circumstances. Then I motivate them to do more of profitable venture than spending long hours on things that does not profit us.

 

Related Stories:

Comments

comments

About the Author