A business plan is the blueprint of your business—it has the power to propel or derail its expansion. A well-crafted business plan can mean the difference between the success and failure of a business. Business plans are generally focused internally or externally, depending on the intended use of the plan. Plans that are internally focused […]
7 Reasons Why Investors Aren’t Funding Your Business Plan Read More »
In 2020, Statista published a report that revealed the average startup failure rate in Africa to be 54%, which is 1 in every 2 businesses. Now, while this was a bit lower than the global average, it’s still a bit high, with the averages for some countries on the continent being over 70%. Running out
How to Validate Your Startup Idea in 5 Simple Steps Read More »
In a market where competition is very fierce and consumer preferences keep changing, avoiding market research is one of the biggest and most expensive business mistakes any entrepreneur can make. But, quite unfortunately, it is also one of the repeated mistakes we see entrepreneurs and small business owners make, especially in this part of the
How to Conduct Market Research: 6 Steps to Effective Market Research Read More »
Starting a business in Africa is a step that several entrepreneurs take, either to expand an already existing business or to diversify their investment portfolios. Many foreign investors take an interest in starting a business on the continent due to the vast untapped opportunities available. Whereas diasporas and local entrepreneurs see it as a means
12 Essential Things to Do Before Starting a Business in Africa Read More »
Some entrepreneurs are naturally gifted at coming up with good business ideas, while others struggle with them. Fortunately, this is a skill that can be developed by understanding what it takes for an idea to be considered a good one and with a little practice. Because, without a good business idea, you will be setting
How to Come Up With a Good Business Idea in 7 Simple Steps Read More »
If there is any aspect of your finances that needs extra attention in your business, it should be your cash flow. Whether you are a small or mid-sized business operating in Africa or any part of the globe, managing your cash flow to ensure money comes in and out at the allocated time is very
10 Best Practices for Managing Your Cash Flow for Your Business in Africa Read More »
Building a business from the ground up requires meticulous planning, expert execution, and a constant awareness of the shifting business environment. Whether you are a small or mid-sized business, scaling requires a lot. But at some point, every business needs to scale to be able to serve its growing customer base without compromising on the
9 Practical Tips for Scaling Your Business in 2024 Read More »
Starting a new business venture in any part of Africa? Africa is a place filled with many profitable business opportunities and if you are like many entrepreneurs, you are probably filled with excitement and can’t wait to get your business off the ground and running. But amidst all the excitement, it is worth taking a
13 Common Mistakes to Avoid When Starting a New Business in Africa Read More »
Good business planning is crucial to every business, no matter where it is located. A solid business plan is a roadmap that ensures you are treading on the path to success, whether you run a fashion business in Nigeria or a food business in Ghana. Unfortunately, running a business exposes you to risks that can
10 Common Business Plan Mistakes to Avoid While Doing Business in Africa Read More »
Thinking of starting a portable business in Ghana and working as your own boss? With a diverse economy and a growing middle class but still high rates of unemployment, sometimes the best decision is to start your own business and possibly create employment for one or two people. Whether you’re a local resident, a Ghanaian
43 Most Profitable Businesses You Can Start in Ghana Read More »
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