A group of small buisness owners have been empowered with basic skills necessary to survive in the Cameroon business landscape.
During a training organised by the Small Business Entrepreneurship Centre (SBEC) of over 50 young entrepreneurs acquired new skills in managing their businesses.
One of the trainers at today’s event, Cyrille Schouame, recommended the entrepreneurs take time out to study their business envornments before venturing into any project. He said this process should start with a personal inquest because the entrepreneur is the first client of the business.
Knowing the economic and political environment ans well as a mastery of the purchasing power of the potential clients is equally key, Mr. Schouame added.
He encouraged the young entrepreneurs to always seek the services of the Ministry of Small and Medium Size Enterprises, to acquaint themselves with the various opportunities available to help in the growth of their businesses.
On his part, Mr. Ngeuteu Nganga, an accounting expert stressed on the tax requirements ad registration procedures for a business in Cameroon.
After presenting the various tax systems in Cameroon and the procedures involved in registering a business, he stressed small business owners should be able to calculate their turnovers and declare their taxes.
One of the entrepreneurs, Tata Alain said most often they face difficulties with tax declaration especially when they have no turn over at the end of the month.
In respponse, Mr. Ngeuteu Nganga referred him to the General Tax Code of Cameroon which states small businesses must have a clear accountability record, showing all the different sources of income and justification. With a clear accountability, it will be easy to determine whether or not the business owner has made profits at the end of the month and equally easy to declare taxes, he added.
Cet article Entrepreneurs drilled on surviving in Cameroon’s business environment est apparu en premier sur Journal du Cameroun.