Being talented with numbers can really pay off if you’re looking to start a profitable business. Accounting and tax services takes the top spot on the list of the most profitable type of small business with a generous 18.4 percent net profit margin followed by real-estate services (15.2 percent), law firms (14.5 percent) and doctor’s offices (13 percent) reports Sageworks, a financial data service that analyzed the net profit margin of more than 16,000 small businesses (that earned less than $10 million) between September 2014 and August 2015. (The average net profit across all industries for this report's time period was 7.2 percent.) What makes these industries profitable? For one, they’re driven by human capital. “Service industries,” says Sageworks analyst Jenna Weaver, “are very common to find on the most profitable small-business list. This is generally due to lower overhead and startup costs. A lot of these industries you can start from your house.” Whil
Worried by the inconsistency in the continent’s agricultural practice, especially in relation to investment in large-scale commercial farms, former Secretary-General of the United Nations, Kofi Anan and other stakeholders have decried neglect of smallholder farmers, stating that more than 80 per cent of African agricultural production come from them. According to the stakeholders, Africa’s smallholders are more than capable of feeding the continent—so long as they boost their yields by using the latest agronomic practices in combination with appropriately adapted seeds and fertilizer. Although investors in Nigeria’s agricultural value-chain may have found appeal in out-grower schemes, the stakeholders noted that allocating large blocks of land to foreign investors, reserving water for industrial-sized operations, and concentrating research and development on a few cash crops doesn’t help most farmers. Similarly, United Nations Conference on Trade and Development (UNCTAD) has ide
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