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Expert tasks SMEs owners on technology

By Adeola Ogunlade

Co-founder of Lagos Startup Week, Olumide olayinka has appealed to small scale business owners (SMEs) to take advantage of technology in order to enhance their business operations and scale across multiple countries.

Olayinka said this at the 2019 Lagos Startup Week that took place across Lagos. It was organized by Prime Start-up, Lagos Innovator, Alliance Franciase, Lagos, and Africa’s Talking.

Tagged Collaboration-Together we can achieve more, the programme had hundreds of entrepreneurs, innovators, Investors, developers, corporate and local leaders, information and technology experts, and government officials for a full week of learning and networking.

He said although SMEs owners are the backbone of the economy, someone who has an e-commerce store can easily launch operations in Ghana because technology enables and gives the opportunity to scale across multiple countries against the bricks and mortar business that we have been used to in Africa.

He stressed that the world is changing and technology is no longer an industry but rather the underlying driver of change and innovation for every business everywhere.

He noted that collaboration is the new competition in Africa and across the world. It enables business owners to build lasting and sustainable businesses.

“We are highly competitive in Africa but to create a sustainable business is by working together. There will be inclusiveness and interconnectedness of various talents and communication and exchanges that will lead to facilitating new developments and ideas when we collaborate together”, he said.

He stressed that even corporate organizations now understand corporate service startup which aims at fostering collaboration with small businesses.

He noted that for corporate organization, they are looking for start-up that can leverage their infrastructure and customer base to build long-lasting solutions to business needs.

“For starts-up on the other hands, they are looking at access to the market which the corporate organization provides”, he said.

He restated that commitment of the Lagos Week Start-up to foster the growth of entrepreneurship across Africa.

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