From Ayodele Samuel, Lagos
Founder and Chief Executive officer, Computer Warehouse Group (CWG) Plc, Mr. Austin Okere has noted that the company has the potential to become the next Google, given the business prospects of her new business model, CWG 2.0.
The CWG boss made this point while addressing the company’s shareholders at the 9th Annual General Meeting (AGM) held in Lagos.
According to Mr. Okere, CWG 2.0 is a subscription business model and driven by the quest to help Small Medium Enterprises (SMEs) grow and make notable social impact. This includes Openshopen, a website that affords shop owners open their own virtual store online and SMERP, an enterprise resource planning solution that will help business owners manage their business inventories on a subscription basis.
According to him, Openshopen will allow business owners to open their own online virtual stores which will give their businesses visibility leverages. “If a buyer searches for a shop that sells spare parts in your location online, for example, he can get to see your store address and get to buy from you without any stress, if you have registered your presence online” he said. Moreover, the solution will democratize domain possession and give Micro, Small and Medium business owners the platform to compete with known online stores at cheaper rates.
Mr. Okere also pointed out that these solutions will have significant social impacts on the society. According to him, there are about 17.7 million Micro, Small and Medium Enterprises (MSME) in Nigeria. “With their own online stores and with the aid of enterprise resource planning, we will empower SMEs to be able to keep their own records. Then, they can present their records to get credits from the banks. With these loans, they can be able to expand their businesses. If they are able to expand their businesses, each of them can employ one more person. If each of them employs one more person, we will end up creating 17.7 million more jobs. The unemployment rate in Nigeria is about 23%, which amounts to about 16 million jobless youths. With this development, we will eradicate unemployment and have more jobs to spare” he added.
The advent of CWG 2.0 has positioned us to be next Google or Facebook and make significant global impact. And this vision is attainable because our solutions are not only profitable but they are repeatable, scalable and sustainable. He concluded.
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