The road to entrepreneurship is often a treacherous one filled with unexpected detours, roadblocks and dead ends. There are lots of sleepless nights, plans that don’t work out, funding that doesn’t come through and customers that never materialize. It can be so challenging to launch a business that it may make you wonder why anyone […]
Psychology has a great impact in any business. Psychology is critical to the workplace. It helps managers at all levels of organizations select, support, motivates and train employees. It also helps businesses design products, build better workspaces and foster healthy behavior. Psychology helps a lot in business because it can explain why workers act the […]
Ghana is one of the countries with the fastest growing economy in Africa. Now you may want to know the potentials and fundamentals of doing business in Ghana. With a strong mineral resources sector, cocoa industry, consistent government policy, recent oil discoveries, friendly business environment and a free trade zone for foreign companies; Ghana is […]
As thrilling as it is to start a new small business, the stress can be just as insane. Especially, if have to start looking for sources of finance for your startup. Because beyond the creative thinking and careful planning that go into coming up with a winning business model, you as the business owner are […]
When you consider some of the most popular reasons to start a business, including having a unique business idea, designing a career that has the flexibility to grow with you, working toward financial independence, and investing in yourself. But not every small business is positioned for success. In fact, only about two-thirds of businesses with […]
Starting and running a business can be extremely challenging. From marketing strategy to financial challenges to time demands, few things about running a business are easy. For some people, this doesn’t matter. For some, the thrill of launching and successfully running a business beats out all the demands that come with the journey. Some people […]
Every year, the grass on the other side of the fence looks greener to many entrepreneurs, and a change of place looks like the most promising path to growth. So they pull up stakes and move to a new place, where they hope to find better odds for business success than they had in their […]
Perhaps you’ve got a keen mind for inventing–but not much of a head for business. Or maybe you’re good at both, but you’d rather focus your time on developing ideas rather than launching a full-scale business. Fortunately, there’s an option that suits your needs perfectly: licensing your invention idea. Licensing is simply the process of […]
Business risk originates from many different areas—internal to the business and from external sources. The best ways for a business to manage risk is to evaluate risk factors and make contingency plans on how to deal with the risk when and if it presents itself. Planning for these risks is the main them of managing […]
To be successful entrepreneurs we need to be continually innovating and looking for opportunities to grow our business. But how do you find new opportunities to take your business to new markets and growth levels? Here are four ways to identify more business opportunities. 1. Listen to your potential clients and past leads When you’re […]