ABSTRACT
Schumpeter considers profit as an effect of the disturbances continually created by entrepreneurs in the economic system. It argues in favour of an inverse relationship between profit, and the low wages entrepreneurs pay their employees to enhance the retention of profit margins. In the introduction section of this chapter, the various conceptions on profit among economists, and business entrepreneurs have been examined. Most of the Muslim entrepreneurs in Kano will not admit business losses for the mere fact it may sound as a reflection of ingratitude to God. To achieve profits, indigenous Hausa entrepreneurs work tremendously hard in diverse business spheres, sometimes exceeding normal daily working hours. Profit management among indigenous entrepreneurs is particularly worthy of notice. For factory employees, wages are never high enough to meet a considerable amount of obligations at home, whereas for business entrepreneurs, employee demands for wage and salary increases are encroachments on business profits.
