Small businesses pose higher risks than bigger ones

It is a business segment where a lot of reforms are ongoing because of the recognition of its importance, so it is emerging to that extent.It is just the same way that you say Nigeria is an emerging economy.At what point do you consider a business as no longer emerging but emerged? When you have a structure, a well structured organisation, and you have access to people to get financing for your businesses.For you to run your business and understand what it takes to be able to run a business from the perspective of your managerial capacity, your sales capacity and how to manage your finance; then you are no longer emerging, you are now a fully structured business.Like I explained earlier, when you compare Nigeria with America, what makes America a fully developed country and Nigeria an emerging one, is in that same context.