It is not only the global financial market that is in concern of how to do business 24/7. It has been one of those complaints associated with the FOREX market; how this brings some sorts of limitations and collapses an assumed good position because time is up for the day. Maybe this is why a new market like crypto will have a strong hedge in the future. Can a big market like Forex be overturned in the near future? Not an easy one anyway, the trading volume here is in the trillions. Ok, let's shift our attention from the online space to the physical environment.
From doing one research, you will find something new and the never ending knowledge process continues. Just found out Chatuchak markets is the biggest night market that hosts more than 200,000 people every weekend. Wow! I am just imagining the level of transactions that goes on in there. Indeed huge, I was considering how the issue of proper taxing is being addressed or maybe I should look off that, one of the advantages of night markets can be it being tax free. Anyway, I doubt such a big convening not being a concern to the government.
Coming back home, the Nigerian market is seeing one of such boosts. Ok, I am not going to be centering on a big market gathering but how an individualized system has formed another set of dispersed group business. Maybe entering the house early or earlier late has kept me from what has been going on within the corners of the street. There is a program ongoing in our Christian congregation that is spanning till late at night and will be ongoing for some couple of days. Some sleep over after the program closes for the day because of distance and security reasons.
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I never planned on sleeping over so I always look for ways to get myself home although it is late. My house is at least a little close to our headquarters church. This was when I discovered what I called ‘late at night' has been leveraged by small scale businesses to make some profit. The two TOP vendors I saw were the food selling and black market petrol business. Ahh! You mean this has been going on ALL this while when I am just turning around in bed?
First I had to consider, who are the buyers? Ok, before they keep coming out daily you should know they have a customer base already. Our town has been one of the upcomings. Before NOW, some of the major players has been Lagos, Port Harcourt and Abuja. I have heard tales of how business is done 24/7 particularly in Lagos. The place is jam-packed with people promoting opportunities at night for road side vendors to make a living overnight.
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Small scale entrepreneurship business continues to be that resilient sector that is helping the citizens to thrive. I have had to look at its advantage and disadvantage in the process. It is promoting employment opportunities; mostly this field seemed to be handled by the self employed. It is also making the major streets look more secured in the process. As I earlier said, I wasn't expecting to see much people that late at night. At such hours, you have to be extra careful of who is approaching. It was different this time around because you could easily access help in case someone plans of robbing you.
Adding, this time of business operation seems to be tax free, light free and space free too. There is Enough street light to brigten up the environment and drive in customer attention. Will the government be looking into how to take advantage of this industry should it later explode? I can't tell that for NOW yet those who are operating it are keeping all profits to themselves.
The disadvantage I am seeing here is that it open doors for more unethical activities. As I earlier said, who are the buyers? This is where you will have to look at the sex workers industry; you can't doubt they are the big patronizers of this quick food vendors. Those night ride are mostly bookings to meet up with clients which has opened door for black market sellers in the process. As I will always say; one thing leads to something.
To conclude, let me add, business in our vicinity is Moving into the phase of all round clock. Night market is generating a means of living for entrepreneurs who can keep their eyes open till day break. With what I am seeing, this industry will soon burst out into newer parts of our locality making transaction to move all round clock in the offline space.
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