Starting your own business can be challenging but also rewarding in the long run. The fact is that you can never be truly rich working for someone. You are only making him or her rich everyday. While you struggle to pay your bills, he is laughing to the bank. It is the hard reality. I’m going to keep it short, straight forward and candid. Let’s dive in.
Read also:Which Business is Most Profitable to Start in Ghana?
First thing first, you need to sit down and think on paper. That is the hardest thing most people avoid. I have been there, done it, made mistakes. Ask yourself the following:
- What type of business would you like to venture into?
- Physical product or services ?
- What industry would you like to get into?
- Then narraw it down to niche— what niche would you like to step into? Don’t be a generalist from start. You can always expand the you gain traction and market share.
- Do you love that niche? If you are not passionate enough when the “storm” comes and it will, you will throw in the towel in a blink of an eye.
- Now ask yourself, how much capital do you have to start? Capital is lifeblood for any business. Analyse all initial capital needed and expense to get off the ground(cost of inventory, rent if it is offline, team or suppliers, preprietary cost, legal, etc) Will it be enough? What if you burn it all, do you have other sources of capital to fall on?
- Who is your ideal customers and how are you going to acquire them?
- Is it profitable? Forecast your revenue and net profit. The latter is what is most important —protect your bottom line. Never forget this borrowed phrase “Turnover is vanit, profit is sanity and cash reality.”
- Who are your competitors? Can you offer something better than they competition does? Look for ways you could improve your product or services.
- How are you going to stand out in the crowd? It is good to be ambitions but most entrepreneurs let their ego overshadow the reality in the markeplace. I was roasted by my competition because I thought “the cake was big for everyone to share” Nope. You don’t want to repeat my mistake.
That said, let’s assume you want to start online business, you may not need much capital (but that depends on the type of online business).
Read also:7 BIG REASONS WHY YOU NEED A WEBSITE FOR YOUR GHANA BUSINESS
All you need is:
- A laptop with reliable internet conection
- A running website that show what you offering. Hire someone from upwork or fiveer
- A separate phone for calls if you want to separate business from your private life
- Marketing skills. You can always learn or again hire someone from upwork or fiveer.
- And you are in business. I hope this breakdown helps.
Read also:7 EASY WAYS TO INVEST IN REAL ESTATE IN GHANA-HOW TO GET STARTED
NOW SELLING FAST! BECOME A HOMEOWNER IN A GREENERY, SOLAR-POWERED AND ECO-FRIENDLY GATED COMMUNITY AT KWABENYA, ACCRA
Imagine seeing your kids running around on playground with their friends in the safety of this greenery and lush landscape beautiful, gated community. How comfortable and refreshing will that be? Exactly!
Are you looking to buy your dream home or an investment property for cashflow purposes in Ghana? Are you a westerner planning to make Ghana your next home and looking for African homes for sale? Perhaps you may be worried of the hassle to go through to build yours, we have got you covered. Buying a home from a developer is more secured because we have done all the hard work and due diligence on the land and it has pass the process. Your only job is to own it by reserving your home today.
Read also: Why do Americans leave their luxurious life and move to Ghana?
La margo Villas, is upcoming greenery, lush landscape, eco-friendly, and renewable energy gated community in the beautiful, picturesque hillsview of Kwabenya, Accra featuring townhomes and apartments. Our residence will enjoy energy reduction on utility bills, worldclass amenities , and facilities such as clubhouse, multi-purpose tennis court within the community and most importantly, flexible payment plans. Let’s help you own your dream home. Get in touch with us.
Read also: ECO-FRIENDLY HOMES FOR SALE WITH SOLAR IN GHANA
La Margo Villas Neighbourhood Snapshot
Kwabenya is a residential community located in the Ga East Municipal District of the Greater Accra Region. The area is well connected to major roads and highways, making it easily accessible from other parts of the city. It is an ideal area for real estate investment and an emerging sub-market for those who want to escape excessive noise of Accra. Get in touch with us to reserve your dream home today right here. Read also: The 9 Advantages Of Living In A Gated Community In Accra
TAKE AWAY
Are you a foreigner looking to make Ghana your next home or a Ghanaian living abroad? Or you are a local looking for professional real estate service provider in Accra Ghana? We have received several request from our platform visitors looking for real estate services. That is why we set up Villashark one-stop-shop diaspora services , serving all your real estate needs in Ghana. There are 60,000 court cases all related to real estate – land litigation. 40% of people attended court hearing and about 60% attended court hearing a 100 times. 15000 cases are pending and only 20% cases are resolve. You don’t want to spend the rest of your life fighting in court to win your land back.
We have got legal and due diligence support team that will make your real estate acquisition stress free. Check out our services packages and choose the plan that best fit you. We currently offering 15% OFF on all plans on a limited time frame. If you have any questions feel free to contact us.
Final thought, statistic shows that most people became real estate agents after the pandemic and in Ghana it is not an exception. You could become one provided you love it. The key take away here is you must love what you do any other thing is secondary!
