Most micro-and small entrepreneurs assume that formalization penalizes businesses and only benefits the government. Theimages below show some examples of the importance and benefits of formalizing your business..Modou thinks that formalization is not good for business. Let us see what
Although formalization offers a number of advantages, male and female entrepreneurs can be faced with some challenges asthey embark on this process. Here are 8 common challenges that entrepreneurs could encounter as they move through theformalization process. What does each