Tag: Start-ups
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Smart strategies to promote and grow small businesses
It is widely believed that small businesses have a one (1) in ten (10) chance of survival and ineffective marketing make your odds far less than that. Your foray into any business endeavour is an arduous enough step to take and a lack of knowledge on how to effectively promote your enterprise exacerbates your fear…
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Customer Development – a Founder Institute Mentoring Session notes, for start-ups.
A few weeks ago, I had the opportunity to be part of a mentoring session with a Founder Institute cohort at the Stanbic Bank Incubator in Accra. It was good, very good. Joining us were Foster Awintiti Akugri, the Stanbic Bank Incubator Manager & Founder of Hacklab Foundation, and Kamil Nabong, the CEO at Hub…
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National Board for Small Scale Industries increases financial support for start-ups
The government in collaboration with the World Bank and the National Board for Small Scale Industries is set to increase start-up capital advanced to businesses in the country. According to the Director of Business Support at the National Entrepreneurship and Innovation Programme (NEIP), Franklin Karikari, the move is to strengthen the entrepreneurship ecosystem in Ghana.…
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Ghana places second globally in countries with most women entrepreneurs
Ghana has placed second in the global ranking of countries with most women entrepreneurs according to the latest Mastercard Index of Women Entrepreneurs (MIWE). The annual Mastercard Index of Women Entrepreneurs (MIWE) which provides insights into the progress and achievements of women in business found that nearly 4 out of every 10 business owners in…
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Government plans training 12,000 entrepreneurs in three years
Dr Ibrahim Mohammed Awal, Minister for Business Development, has said it is the goal of government to train and mentor 12,000 entrepreneurs nation-wide to enhance their businesses within three years adding that beneficiaries of the training would also have access to a GHC 100 million loan with 10 percent interest rate. Dr Awal, who made…
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Start-up chronicles: I served my drinks at the wrong event; had to refund
It’s been more than two years months since I started this business. I had gone several months without pay at my former workplace and I literally had to do something about my situation. It wasn’t like I had a choice. For all those months I wasn’t getting paid, I was spending at least GHS300 cedis…
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Survival story: Scammed by a trusted client, production swept away by floods…
Somewhere in 2014, I got scammed by a client I trusted. A total of about Ghc 1,500 worth of bags and accessories, shipped to this trusted individual who I never heard from again till date. The circumstances leading to that mistake is a story for another day but back in 2014 that amount was big…