A sound business model is essential for success in any business environment. A business model is a plan that describes how a business intends to generate revenue and profits. A sound business model defines long-term strategy and day-to-day operations. According … Continue reading How Sound Is Your Business Model?

Sole proprietorship is a form of business ownership where the ownership and management of the business are in control of one individual. A sole proprietorship is also an unincorporated business that is run by an individual. In the case of … Continue reading Advantages Of The Sole Proprietorship Business

Taxes are compulsory payments made to a government by individuals and businesses in a country from their incomes and other transactions. Tax contributions provide a government with funds to enable it carry out its mandate of governance and to superintend over … Continue reading Accountability And Tax—Why Ghanaians Must Care

The business world is big data environment.  It is an environment where the data state of businesses grows by the minute. The dynamics of that environment demands that businesses manage data and computing resources strategically. Inability to properly manage and … Continue reading Cloud Computing Advantage: Why Your Business Needs It

Here are some exciting, profitable home business ideas anyone with sufficient training, expertise or experience can startup. A viable home business provides opportunities for us to turn our expertise and passion into profits. Starting up a home business is also a way of starting a dream business. For persons who are employees, it is a means to earn more income, and the beginning of becoming your own boss. For a young person looking for employment, a home business may be just what you need to launch an exciting career or business. A startup demands hard work and lots of sacrifices. … Continue reading 10 Profitable Home Business Ideas For Ghana

Here’s good news if you aspire to be a millionaire. Accra is expected to add more dollar millionaires faster than any African city over the next decade. An AfrAsia Bank New World Wealth report into African cities, published Wednesday, forecasts the number of people with net assets of more than $1 million will surge by 78 percent to 4,100 individuals in Accra by 2025. Accra now has 2300 millionaires. The number of millionaires in Nairobi, the Kenyan capital, will climb 71 percent, while those in the Nigerian city of Lagos, Africa’s biggest, will advance 46 percent, the New World Wealth … Continue reading Accra Millionaires Rising Fastest in Africa

Ghana’s small businesses are currently reeling under the difficult outcomes of a prolonged electric power crisis and high cost of borrowing in a worsening economic climate. The story of Francis, a business owner, describes the harsh realities of the present electric power crisis that many manufacturers have to contend with. Francis owns a small business that produces purified water in Accra. A few days ago, I hitched a ride on his truck home, after we attended a social event in Kanda together. The truck we rode on is one of eight that transport the products (bottled drinking water and sachet water or … Continue reading Ghana: Small Businesses Totter Under Severe Energy Crisis, High Cost of Credit