20 February 2013

Liberian-Owned Businesses Under Threat - Rose Garden Proprietor Identifies Problem

Liberian-owned businesses are said to be under serious threat as identified by the manager and proprietor of the Rose Garden Plaza Restaurant.

Madam Coma Barclay said perpetual credit in the business sector was contributing to the underdevelopment of small and medium size Liberian businesses.

According to her, creditors were in the constant habit of honoring obligations to pay back once the deal is done.

Speaking at programs marking the anniversary of the entity, she pointed out that though the sector was faced with numerous challenges, lackadaisical attitudes which breed unethical customers' service that hampers the growth and development of the sector.

Miss Barclay added that selling on credit does not undermine the growth and development of small or medium size business but can also stall market function.

She used the occasion to call on Liberian business men and women to double up and refrain from "sell-pay" which is slowly eating up the confidence the sector possessed.

"Sell-pay is a term used by Liberian businessmen and women which means to take goods another person and sell on credit.

The celebration was characterized by pomp and pageantry as an orchestra comprising of professional musicians to include veteran saxophonist O.J. Browne were on hand to quench the thirsts of the audience.

Copyright © 2013 The New Republic Liberia. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.