The Startup Law 101 Series is aimed at educating founders and entrepreneurs about the basics of startup business law.

Here are my suggestions on this important question.

1. Law is fundamentally a specialty field and entrepreneurs should leave it, for the most part, to the specialists when it comes to technical details.

This part can’t be emphasized enough. Law is a maze of complexities. If you, as an entrepreneur, try to master it at that level, you will be an unusual entrepreneur if you are not quickly discouraged into abandoning the effort altogether.

2. Entrepreneurs can feel trapped, though, by  

A country such as Nigeria is ranked among the poor countries according to the Human Poverty Index though we have a large oil production base. Since the wealth is not trickling down to the common man, we have to put measures in place to ensure that other sources of wealth are attained. In addition to this, up to 60{5b0579ddad123e8826b0f99aaf2548fba6b6d6310808b95d99d67897c25a7935} of those who have graduated from institutions of higher education do not get formal employment hence the need for alternative sources of income. There are currently very few institutions that have made it their mission to spread the gospel of entrepreneurship