The rich are getting richer leaving the poor to their fate How small Businesses are losing it to wealthier fingers.

Hello Hive

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Various categories of businesses co-exist within my neighborhood and since the rate of unemployment is now closing up to more than 80% everyone has found solace owing personal businesses either buying and selling or rendering some form of services hence we have alot of small and medium scale enterprises.

I keep wondering what could have happened to the citizens here if they have not thought about a way to make honest monies for themselves.
The best decisions by some scholars have been to vacate the country and many people have traveled out of the country on this note.
Been educated and having their certificate of qualification in various field some applied for further study visa and never returned to the country. While others were able to secure some quality jobs successfully.

For those who settled back to own businesses here, they economic situations has never been friendly and everyone has to out in extra effort if at all they will man any gains.

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Aside this challenges I recently noted a greater challenge about to hit the SME in my neighborhood.
They are taking away Jobs and businesses away from its owners.

Most of these business owners have small stores and sell different kind of provisions, then out of no where a rich man comes and buys the whole land where these stores are located, demolished all the stores and builds a mighty store or fuel station in his name.

Starting his business in the very land and spot where these SME's do their businesses just because he has the capacity to buy the lands.

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Most of these rich people are power obsessed and have more than enough money for themselves already. some are working for the government (stealing public funds) and others have travelled oversea to work and save some honest money, but like we all know, no body wants to have a single investment, while working for the government they also acquire other peoples properties and build their own choice of larger companies on them.

Leaving the SME's with no compensation, they are left to their own fate and either sink into debt or search for other locations to start all over again..

This is been seen happening repeatedly and there is no one take up the fight for a poor man and gradually these wealthier people of the society are gradually taking over the business spaces



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12 comments
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What is SME?

Posted Using LeoFinance Beta

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It's Small to Medium Enterprises

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Unless a titanic shift happens, you hardly see anyone taking up the fight for the poor, the odds are stacked against them. These power obsessed individuals are just a menace to society and bring more harm than perceived good they led people to believe that they're doing for society.

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Exactly, I hope that someday soon there will be a turn around and that something good can work out soon for the masses in relation to their businesses as well.

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This is tragic, leaving little incentive for the individual business owners to re-establish their livelihoods.

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Really sad, most people are working towards merging their businesses with their homes... But that hasn't been successful especially when one has large piles of products.

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