Go to school, study hard for good grades, get a high-paying job, save money, invest in stock and mutual funds, and prepare for your retirement. This is the common creed the society has scripted to define a meaningful and successful life. What if you are pre-informed that go to school, meet new people, develop new skill sets beyond your field of study, find a problem on campus, solve it with your skills and knowledge, monetize and commercialize the solutions to reach more people and finally make it an entity to serve the general public. Which one of these two offers will you take? Every 9 out of 10 people you meet will choose the second option. Because this option gives you more control and freedom to find purposeful needs to serve during and after your college or university days. If done well, you won't be graduating worrying about being employed by the government or a company somewhere. Student Entrepreneur The sad truth is that society has already conditioned and structured the f...

It's a new year and 2023 is still fresh and young. Business must go on regardless of economic hardships, debt exchange programs, inflation, interest rates, galloping dollar-cedi differences, and what happened in the previous year. However, these economic crises and financial disruptions should provide investors and business owners with guided information on how and where to venture into businesses and grow them effectively for significant returns. Starting a business and scaling it up is one of the enjoyable visions of every entrepreneur.  It is very essential to know that the skill sets that are used to set up a business are not the same for scaling up and growing a business successfully. Many startups get stuck because they are unable to recognize the differences between these two types of skills in business and when to use them appropriately. And below are the top 5 successful business skills: Top 5 Successful Business Skills You Need for 2023 Amidst Financial Market Crisis. 1. ...

 Before a customer gives you his hard-earn money, you must present to him something valuable for exchange. Be it a good product or a service product.  The ability of the producer to develop something useful which is cherished by customers for some period is very important. This is a major factor in the marketing mix that can determine the success and the failure of the business and its entire operation.   Many businesses have failed because they didn’t go through the process thoroughly either by inadequate product superiority or by making wrong projections and poor planning. How Your Business Can Develop Irresistible Products for Customers 1. Idea Generation In developing a product, the first thing to do is to generate ideas. They are continuous and systematic thoughts that have the potential to solve the problems of customers. New product ideas might come from business owners, employees, customers’ feedback, and competitors. Most successful businesses develop irresistibl...

Success in operating a business looks very lucrative, and most young people want to become entrepreneurs today.  Think about Elon Musk of Tesla, Jeff Bezos of Amazon , Steve Jobs of Apple Computers , and Jack Ma of Alibaba . What about Kennedy Ohene Agyapong, Osei Kwame Despite, Kevin Okyere, Kwabena Darko, and Daniel McKorley? The stories behind these successful entrepreneurs sound doubtful to some people, while others say they are just hearsay. No matter how it is perceived, these successful entrepreneurs are gaining traction. Unlike in the period when people continue to struggle to find employment as the only means of earning a living. This has led us to the big question; what inspires ordinary people to become successful entrepreneurs? And this article will address the answers in the next lines, and number 3 will amaze you. What Inspires Regular People To Become Successful Entrepreneurs? 1. Passion  The intrinsic joy that is attached to actions is the first inspiration. P...

No doubt starting your own business has become a necessity in this modern era. But one of the problems that hinder people to start their business is funding. Great innovations, ideas, and products don't see daylight because the people who carry them lack the funds to push them into operations. That's very sad and you wouldn't like to end up like that.  However, your story will be different and you will get enough funds to start your business. In this article, you will get to know the best 11 simple funding ideas to help you start your business. Best 11 Simple Funding Ideas to Help You Start Your Business 1. Bootstrapping; The first source of funding for your business should come from yourself. You can do this by raising funds from your savings or investment. It is believed that since these funds are raised by yourself, you are motivated to work extra hard to see that your hard-earned money doesn't go to waste. 2. Product Pre-Sale:   Most startups ask customers to pay fo...

Starting your own business is a great adventure that is profitable because you manage your own affairs and pay yourself anytime and any day.  But most people who are willing to set up their own businesses usually can't figure out the "in and out" of embarking on their entrepreneurship journey. These 5 essential questions explained below will guide you adequately in starting your own business; Top 5 Essential Questions You Need to Answer Before Starting Your Business. 1. How (Idea):  To start a business, you don't necessarily need money at the initial stage. This is the first secret I am giving you. What you need at the initial stage is a problem and the idea to solve that problem. So, in the solving of such a problem identified, that is when you think about cash or money. Can you tell me any business that can’t solve a problem? A big mistake many people make in setting up a business is that they are tempted to find working capital at the initial stage rather than to m...