START UPS: Dos And Don'ts.

In 2016, Nigeria fell into deep recession due to a number of factors; including the global fall in oil price. The recession however gave rise to the incorporation and registration of many more small to medium scale businesses, as Nigerians began to diversify from oil, and explore other business opportunities. Start-ups however, more often than not, were eager to reduce their expenditure by cutting costs, and shirking compliance with the necessary regulations governing their businesses. In the long run, many start-ups either ended up short-changed, or embroiled in legal disputes that could have easily been avoided. Below are some of the essential dos and don'ts every start up should abide by in any economy – declining or booming: