mymoney001:
The plethora of small business owners/entrepreneurs are the ruin and end of the morale of their employees..

Talmbout the increase of unemployment and I'll point you to these miniscule bosses who have the knack of under-paying and or owing their employees salaries with no benefits like trainings, pension, health insurance, salary increase, leave bonus, overtime pay.....etc

These set of people will blame buhari for the dilapidated state of the economy yet they won't fold up their business since they cannot afford to pay regular salaries and on time.

They will assign you to do an elephant-size job only for you to earn an ant-size salary, in which your ant-size salary won't be paid till the 15th - 20th of the next month, yet they expect you to be dazzling and be happy and perform effectively These bunch of cheats make you feel that they are doing you a huge favour by paying you your right (salary) so that you should put on a grateful attitude and be positive.

You will work and grind like a mule for them, only for them to use the money and pay the fees of their kids they've stashed in an abroad versity... The nonsense they expect you to tolerate and endure from them simply because there are few jobs and unemployment is high, they won't encourage their kids to such. They train/teach their kids to always demand for their rights but if you demand for your rights lasan, you'll get sacked or seen as being disrespectful.

But with a peanut salary without employment benefits, how can you even plan your life, grow and develop yourself and live modestly? You can even be on the same paltry sum for the next 3-5ive years, yet no promotion, no increase.

Out of frustration, a lot of people have left their salary behind in their previous employment(s) and thunder is still keeping silent. Their bosses haven't even felt a pinch of guilt.

We have faulted politicians for the many woes and chaos bedeviling and crippling the peace of the state but It is not only politicians that are ripping the economy of Nigeria apart, these ones are also depleting Nigeria. They are the saboteurs of the growth and dreams of aspiring youths.

But their children are safely tucked away & secured in a system that works. They are studying abroad and will barge an abroad certificate which is highly relevant and consequential.

If the leaders abroad didn't have a growth mindset to develop their system and make it workable, tell me where these dream killers would have shipped their child(ren) to?

I doubt if we have labour laws in Nigeria that protects the rights of employees and jail employers/sole proprietor/entrepreneurs who cheat their staff of their hard earn wages and benefits....because if we do, a lot of small business owners would have gone into oblivion.

Laslas na *God dey* na im be poor man hope/slant. Na im we dey take control ourself when we lose out...

PS: nobody should come here and nye nye about how people should goan become their own boss/entrepreneur...
Before you make such foolish comment thinking that you are wise, let this sink in: everyone won't be business owners because not everyone can stand and survive it's nitty-gritty, not everyone have business acumen, some people are better off in this life working as employees and will be successful at it; while some other people need to gain that experience first before they can venture out...

Our heads and journey/pathway in life are not the same.

Written by YeloSisi

Ibukun120:
First timer FTC

Hedonisco:


Na me you wan tell? I know exactly how this thing works. I've had my fingers burnt. It is ridiculous. I had to close down my only brick and mortar business which didn't allow me control the cash flow process 100%. I laid off the bastards and closed down the business, and went on a very long hiatus to perfect my business model for subsequent ventures.

I also redefined my other business which placed too much creative control on certain employees. Their lazy, wicked and incompetent asses would destroy your business's hard earned quality reputation and send you back to the village. God forbid.

Now I only run (and will only ever run) businesses where I either have full control (or technology enabled supervision) of receiving and disbursing ALL payments, or the process can be automated to a large extent. If I have Nigerian staff, it is only for administrative tasks. I can't even trust them with customer service because if they don't see any avenue to collect money and defraud you, they will chase away your precious customers with their very terrible winchy attitude.

Because they see you living a certain lifestyle that YOUR own entrepreneurship affords you, they would start sulking and expecting 1000000% salary increase, even without commensurate output/performance on their part. Terrible idiots. That's why so many of them can only hope for government work and the likes, so that they can collect free money without adding value.

Gerrard59:


I understand that there are private school owners who are wicked: owe staff, overwork and to an extent micromanage them. However, a business cannot pay her employees more than she can afford. If you don't like your salary, do resign. It's that simple.

jimoqua:
My former company Direct on Data, Ilupeju did the same thing. One of the director bragg that he will not pay any dime or any gratuities and he will only pay the three months pensions owe. Uptil now he did not pay the pension. The name of the company was change from Direct on Data to Hoops Telecoms just because they own huge amount of Tax to the Lagos State Government. How could you laid of staff in December period without paying anything in the month of December for people that have children and wives at home. The company is been run by an Indian who flush out people he is not in good term with to settle score. How can an Indian come to Nigeria and be destroying our Economy. No leave allowance for 2019, no leave encashment for 2019, 1 month in lieu of notice for where, no severance. In a country where we are been treated bad by our own people is the greatest act of wickedness. Even the staff that are retained no more leave for them , no Health insurance . It tantamount to slavery. Any contact with a human right lawyer to fight for our right will be appreciated.

Equity15:
this is soo on point. but this is Nigeria. an hell on earth. well it saddens me when I hear people rant entrepreneurship cos just like me not everybody has business acumen. give me 20million today and i won't know what bussiness to do with it. i'd just put it in a fixed deposit or buy land or give it to a seasoned business man. that's only what i can think of. and besides if everybody becomes an entrepreneur who'll then be the employees/workers? I just need a very good and secured job. and I'm fine

Marvyx:

Read the post again, if you don't have the money to run a business, then don't start. But to use people and pay them poorly because you know they will take peanuts and not complain is wickedness. It's that simple.

nelson7777:
.I am sorry about your past experiences on jobs, God will give you a better one...

But that aside

Do you think its easy to employ

Do you think its easy to pay someone salary every month,

Do you know that most employees (with their 25k a month) earns more than the boss
Do you know that some entrepreneurs will not earn salary for the next 1 year because they r building the business, but must pay their staffs every month.

Do know some entrepreneurs borrow from families to pay their workers

Do you know that paying salaries is not the only challenge and entrepreneur face in their business

Water, light, signage, waste, council, maintenance, diesel or fuel, e.t.c

Do you know, no matter the economic melt down no matter if d business sells or not, no matter the price of diesel, no matter anything, you have hope at least of getting your salary no matter how little, same can not be said for an entrepreneur..

Do you know the risk, do you know that most of those business you take little salaries from, it was being established by a Loan, but the owners won't tell you..

Do you know how many entrepreneurs that the Nigerian custom has wrecked last year because of the increase in clearing fees, will he call you one morning and say chike I use to clear this clothes 200naira before but now is 700naira, therefore your salary is now reduced to 15k...

Am not in support of owing salries, e.g years back my business was using 3 security, before I had to call the boss and say, baba you no how the country be now pls, I can only afford two, case closed..

Its only when you wear the shoe you will no where its hurts

Being an entrepreneur in NIGERIA, is one of the most hardest, discouraging thing ever..

Gerrard59:


Those who say the bold are largely stoopid and mor0nic entrepreneurs. A sensiblye entrepreneur goes into entrepreneurship to solve problems and provide value.

@Topic: It's very bad and unethical for anyone to owe another's salary and/benefits. I wouldn't encourage that as it's not even the best way to start a company. It's preferable to trim down the number of employees if an entrepreneur cannot afford their salaries.

On the other hand, my issue is with employees who are thieves and want to reap where they didn't sow. You steal from me, I sack you right away! No excuses.

youngRx:
They are the same types that will be discouraging young ones from going abroad.

You see them shouting "you can make it in Nigeria" upandan.

Make it indeed. On the sweat n backs of employees you enslave abi?? Paying peanuts as salary with little or no contribution to community development.

twerkjack:
I can't believe that by this time 2 years ago I was working for a 10,000 Naira salary can you believe it


Not to mention the Enormous workload and extremely long work hours.

These days I shudder just to think about that situation man it was horrible.

I mean I make over 500,000 monthly now and I just can't imagine how I survived with 10,000 those were really trying times.

Nigeria is not a joke.

Esseite:
No boss is happy to owe salaries, it shows all he has built over the years is crumbling.

lonelydora:
Hustle ooo, so that you won't be complaining like this op.

Kekereekun123:
The average black man is evil and wicked. u will see someone calling himself pastor or deacon owing salary but and flexing money

nelson7777:
.I am sorry about your past experiences on jobs, God will give you a better one...

But that aside

Do you think its easy to employ

Do you think its easy to pay someone salary every month,

Do you know that most employees (with their 25k a month) earns more than the boss
Do you know that some entrepreneurs will not earn salary for the next 1 year because they r building the business, but must pay their staffs every month.

Do know some entrepreneurs borrow from families to pay their workers

Do you know that paying salaries is not the only challenge and entrepreneur face in their business

Water, light, signage, waste, council, maintenance, diesel or fuel, e.t.c

Do you know, no matter the economic melt down no matter if d business sells or not, no matter the price of diesel, no matter anything, you have hope at least of getting your salary no matter how little, same can not be said for an entrepreneur..

Do you know the risk, do you know that most of those business you take little salaries from, it was being established by a Loan, but the owners won't tell you..

Do you know how many entrepreneurs that the Nigerian custom has wrecked last year because of the increase in clearing fees, will he call you one morning and say chike I use to clear this clothes 200naira before but now is 700naira, therefore your salary is now reduced to 15k...

Am not in support of owing salries, e.g years back my business was using 3 security, before I had to call the boss and say, baba you no how the country be now pls, I can only afford two, case closed..

Its only when you wear the shoe you will no where its hurts

Being an entrepreneur in NIGERIA, is one of the most hardest, discouraging thing ever..

LewsTherin:
I have been an entrepreneur for the last 10 years. I have started 2 companies in the last 8 years, both of which are going concerns. They are profitable. I have suffered from poor government policies, the global economic challanges and village people. But in all I have gone through, by far the biggest issue I have faced has been terrible employees.

Too many employees and prospective employess have shown themselves to be lazy, incompetent, criminally minded, wicked and just plain evil.

Many one-man businesses have gone under because they have been unable to get good and honest staff. I'm not even asking for exceptional ones - just good and honest.

OP has a point. There are many wicked business owners. But there are proportionally just as many horrible employees

Baselm:
I can boldly say 90% of sole proprietors in this country are wicked, I have worked in at least 3 indigenous Engineering companies and I can say they are almost always the same. They collect huge contracts from the government at inflated prices, they have you do everything and yet they don't want to pay you a respectable salary.

It's not even all this SMEs, I'm talking of huge Federal and state projects, yet all you earn is peanuts. Once I leave this company, I'm never working for a Nigerian man again.

twerkjack:
I can't believe that by this time 2 years ago I was working for a 10,000 Naira salary can you believe it


Not to mention the Enormous workload and extremely long work hours.

These days I shudder just to think about that situation man it was horrible.

I mean I make over 500,000 monthly now and I just can't imagine how I survived with 10,000 those were really trying times.

Nigeria is not a joke.

ultron12345:
Rubbish

Firstly, I do not support owing employees salaries. Salaries should always be paid when due as specified in the employment contract. If for some reason, you can't afford the salaries at that particular time, inform the employees of the situation, explain to them and an understanding should be reached.

I will however talk about the so-called 'Peanut Salary'. What exactly is peanut salary?. Were you not informed of the salary before taking the job?. If the salary is too small for you, then the solution is simple, don't take the job. If you've already taken it, then resign, abi did they tie your hands and legs.

Salary is determined by productivity and market-value. You cannot be producing N4000 and be expecting to be paid N10,000.

Demand and supply of labour must also be put into consideration. When demand of labour is higher then the supply, wages are high, but when demand of labour is less than supply, wages are low.

You don't expect an employer to pay N1,000,000 when others are willing to take less. Will you buy a bag of rice at N200,000 when the near-by store is selling the same bag of rice and the same quality at N50,000. Never. So why do you expect employers to do otherwise. The same way an employee will not stay with an employer paying him N100,000 when another employer is willing to pay him N900,000.

Some companies honestly can't pay better. How can you expect a school in one small, interior town, that collects school fees of N6000 per term to be paying salary of N50,000 per month to teachers.

If you're not happy with salary you're offered, then don't accept the job or resign. If you're worth more than that salary, you will surely see other employees willing to pay your more than what you were paid before. If I offer salary of N40,000 per month, and no-one takes the job, I will be forced to increase the salary in order to fill the vacancy. You can also choose to start your own business and begin paying water-melon salaries instead and we'll see how long you'll stay afloat.

Let's also not forget how lazy and wicked Nigerian employees are. They are ready to ruin your business with fraud at the slightest opportunity. All they do is to steal your money. That is why Nigerian employees coined the phrase "Na where person dey work, na there e dey chop, na e make them dey callam work-chop (workshop)" as a way to justify their fraudulent character. Money that is supposed to be used to sustain and expand the business and even provide better packages for the staff will then have to be used to employ extra-staff to monitor each other, biometric scanners, CCTV cameras and other things that are not supposed to be needed, just to monitor staff to avoid fraud.

Start a poultry and they will be stealing your eggs. Some will even go ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing your money. On the days you're around at the business, the money realized will be x10 of the money realized when you're not around. Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

The major problem of doing business in this country isn't power or infrastructure, it's finding honest and competent manpower. The average Nigerian employee is waiting to steal from you. The ones in management positions will not only be stealing but will be hiring incompetent staff solely because they are his friends, relatives or church members. That's why I don't blame companies who hire expatriates like Indians and Lebanese for sensitive positions like Finance and Accounting even when we have qualified Nigerians.

Some people have money to do business in this country but they don't have time for it. They'll have employed staff to manage it, but they can't do that because there are no trustworthy staff in Nigeria, so they abandon the idea, and rather invest their money in treasury bills and fixed deposit accounts. And later, they'll be complaining they there are no jobs when they are killing all the businesses with their evil character.

Let's not forget their rude attitude that they'll use to drive all your customers away, just like they exhibit in government offices.

That's why they like government work, where they're allowed to be lazy and to steal. Where they can get money without adding any value. Where they can steal, where they can come to work by 10pm, gist till 12pm, sleep till 3pm and spend the next hour preparing to leave by 4pm. And they'll go home and tell people they went to work. That is why our government agencies are not working, that is why our government corporations like NNPC and others are not working. That is why we say Nigerian government cannot run business. Any private company that allows such will fail like Nigerian government agencies and corporations have failed.

If you think your salary is Peanut Salary, then quit and sart your own business and be paying water-melon salaries. By the time you crumble, you'll start blaming Buhari.

Peanut salary ke, paw-paw salary ni.
Resign and start your own.

ultron12345:
Rubbish

Firstly, I do not support owing employees salaries. Salaries should always be paid when due as specified in the employment contract. If for some reason, you can't afford the salaries at that particular time, inform the employees of the situation, explain to them and an understanding should be reached.

I will however talk about the so-called 'Peanut Salary'. What exactly is peanut salary?. Were you not informed of the salary before taking the job?. If the salary is too small for you, then the solution is simple, don't take the job. If you've already taken it, then resign, abi did they tie your hands and legs.

Salary is determined by productivity and market-value. You cannot be producing N4000 and be expecting to be paid N10,000.

Demand and supply of labour must also be put into consideration. When demand of labour is higher then the supply, wages are high, but when demand of labour is less than supply, wages are low.

You don't expect an employer to pay N1,000,000 when others are willing to take less. Will you buy a bag of rice at N200,000 when the near-by store is selling the same bag of rice and the same quality at N50,000. Never. So why do you expect employers to do otherwise. The same way an employee will not stay with an employer paying him N100,000 when another employer is willing to pay him N900,000.

Some companies honestly can't pay better. How can you expect a school in one small, interior town, that collects school fees of N6000 per term to be paying salary of N50,000 per month to teachers.

If you're not happy with salary you're offered, then don't accept the job or resign. If you're worth more than that salary, you will surely see other employees willing to pay your more than what you were paid before. If I offer salary of N40,000 per month, and no-one takes the job, I will be forced to increase the salary in order to fill the vacancy. You can also choose to start your own business and begin paying water-melon salaries instead and we'll see how long you'll stay afloat.

Let's also not forget how lazy and wicked Nigerian employees are. They are ready to ruin your business with fraud at the slightest opportunity. All they do is to steal your money. That is why Nigerian employees coined the phrase "Na where person dey work, na there e dey chop, na e make them dey callam work-chop (workshop)" as a way to justify their fraudulent character. Money that is supposed to be used to sustain and expand the business and even provide better packages for the staff will then have to be used to employ extra-staff to monitor each other, biometric scanners, CCTV cameras and other things that are not supposed to be needed, just to monitor staff to avoid fraud.

Start a poultry and they will be stealing your eggs. Some will even go ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing your money. On the days you're around at the business, the money realized will be x10 of the money realized when you're not around. Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

The major problem of doing business in this country isn't power or infrastructure, it's finding honest and competent manpower. The average Nigerian employee is waiting to steal from you. The ones in management positions will not only be stealing but will be hiring incompetent staff solely because they are his friends, relatives or church members. That's why I don't blame companies who hire expatriates like Indians and Lebanese for sensitive positions like Finance and Accounting even when we have qualified Nigerians.

Some people have money to do business in this country but they don't have time for it. They'll have employed staff to manage it, but they can't do that because there are no trustworthy staff in Nigeria, so they abandon the idea, and rather invest their money in treasury bills and fixed deposit accounts. And later, they'll be complaining they there are no jobs when they are killing all the businesses with their evil character.

Let's not forget their rude attitude that they'll use to drive all your customers away, just like they exhibit in government offices.

That's why they like government work, where they're allowed to be lazy and to steal. Where they can get money without adding any value. Where they can steal, where they can come to work by 10pm, gist till 12pm, sleep till 3pm and spend the next hour preparing to leave by 4pm. And they'll go home and tell people they went to work. That is why our government agencies are not working, that is why our government corporations like NNPC and others are not working. That is why we say Nigerian government cannot run business. Any private company that allows such will fail like Nigerian government agencies and corporations have failed.

If you think your salary is Peanut Salary, then quit and sart your own business and be paying water-melon salaries. By the time you crumble, you'll start blaming Buhari.

Peanut salary ke, paw-paw salary ni.
Resign and start your own.

Goldencheese:
Thanks for this very balanced, suave and forthright answer.

armadeo:


I also blame the employees too.


My guy for a job of 200k. After the first month they slashed it to 80k. He promptly put his resignation in. Ko job offer waiting oh.

He got another jobless than a week later and had to wait his time out.

Simple method. E no gel then leave straight

simple250:
OP sence is far from you .....



Give them solution instead of saying trash,government and banks will only give loans to top business owners . As an entrepreneur for just 300k to boost your business banks will ask for landed property of 3million . Rubbish

Copy and paste

Esseite:
No boss is happy to owe salaries, it shows all he has built over the years is crumbling.

nelson7777:
.I am sorry about your past experiences on jobs, God will give you a better one...

But that aside

Do you think its easy to employ

Do you think its easy to pay someone salary every month,

Do you know that most employees (with their 25k a month) earns more than the boss
Do you know that some entrepreneurs will not earn salary for the next 1 year because they r building the business, but must pay their staffs every month.

Do know some entrepreneurs borrow from families to pay their workers

Do you know that paying salaries is not the only challenge and entrepreneur face in their business

Water, light, signage, waste, council, maintenance, diesel or fuel, e.t.c

Do you know, no matter the economic melt down no matter if d business sells or not, no matter the price of diesel, no matter anything, you have hope at least of getting your salary no matter how little, same can not be said for an entrepreneur..

Do you know the risk, do you know that most of those business you take little salaries from, it was being established by a Loan, but the owners won't tell you..

Do you know how many entrepreneurs that the Nigerian custom has wrecked last year because of the increase in clearing fees, will he call you one morning and say chike I use to clear this clothes 200naira before but now is 700naira, therefore your salary is now reduced to 15k...

Am not in support of owing salries, e.g years back my business was using 3 security, before I had to call the boss and say, baba you no how the country be now pls, I can only afford two, case closed..

Its only when you wear the shoe you will no where its hurts

Being an entrepreneur in NIGERIA, is one of the most hardest, discouraging thing ever..