Entrepreneur

Financial management skills you must know

Many businesses fail because they do not have a proper business plan or they do not follow it. Keeping a business sustainable means comparing your records to your planned sales costs and cash flow, and acting if anything goes wrong. As the owner of a small business it is easy to become caught up in the actual work and lose ...

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HOW TO START WITHOUT MONEY

Don’t quit your day job: Experiment with your idea. Find out what prospective customers think and whether there is a market for your product. Get the paperwork out of the way: Attend to regulatory requirements early, so that you don’t waste valuable selling time once your business is launched. Be prepared: Don’t launch before you have systems in place for ...

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FUNDING YOUR BUSINESS

Sourcing funding from debtors The hunt for finance is an ongoing challenge for most small businesses. Depending on how much you need and what you need it for, there are various funding options to get – and keep you – up and running. Before you even think about applying for a loan, first ensure that you have a proper bank ...

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WHY SOME BUSINESS FAILS AND WHY OTHERS SUCCEED

Are you failing to plan, or planning to fail? A business plan is crucial to the success of any business. This plan is simply a step-by-step exercise in forward thinking. A sound business plan should contain crucial budgets and cash flow forecasts that show how much profit you expect your business to make, how much finance you need and the ...

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WHICH BUSINESS TYPE DO YOU WISH TO SET UP?

Chapter 2 Which business type do you wish to set up? Which structure of business best fits your business? There are several ways to structure the ownership of your business, depending on the type of business, the number of employees, management capabilities, personal risk and future plans. Sole proprietor/sole trader: This is best suited to a business that is not ...

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BECOMING ENTREPRENEUR

Becoming Entrepreneur A recent survey found that more than 70% people want to be some sort of entrepreneurs. Becoming entrepreneurs’ is something many people admire and wish but the question is how many people are ready to pay the price to become that entrepreneur? It is estimated that about 5% of graduates think of self-employment and only 2 become employed ...

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PROFILE OF MR. KINGSLEY OPPONG –SEKUM

Mr. Kingsley Oppong is a graduate of Takoradi Polytechnic and Kwame Nkrumah University of Science and Technology. He is an astute businessman and an Entrepreneur. He has been an Entrepreneur in all his life. Starting from being a shoe shine boy, kerosene seller at a tender age of ten (10) years. The art of entrepreneurship was impacted to him by ...

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