Owning a business is a part of the Ghanaian dream. The Ghanaian society has big respect for successful business owners. The surprising thing is that most Ghanaian parents do not encourage their children to go into business. They rather prefer their children being doctors and lawyers.
The new Ghana needs smart businessmen and women who are practical to solve the country’s problems. The modern world is built around commerce but every great thing has a beginning. Here are 7 reasons to start your small business now.
Small businesses in Ghana are exciting to own. Every small business has its ups and downs and as a new owner goes through these ups and downs, the owners get excited when they discover a major breakthrough.
Small Businesses Provide Employment to Others
Your small business will not only put food on your table but would also feed the family of your employee. One small business means one less unemployed Ghanaian.
Most small businesses in Ghana are not burdened with tax as compared with the formal sector. The point here is you can make lots of money here compared to your salaried job.
Service to the Community
Your small business is there to serve the community and make the community a better place. Every small business is there to satisfy the community in an extraordinary way. The owners of small business feel accomplished when their business are able to meet this basic goal.
Small businesses are practical avenues to learn to learn financial lessons like investments, savings and management. When you start your small business you will learn and master these disciplines.
Stable Source of Income
Your small business will give you a stable source of revenue which could serve as another source of income to supplement your main income source.
Every small business in Ghana has an incubation period of 5 years and after those years your business can stand the toughest times in the country. After 5 years you will be a master of this business. If you can go through the 12 months annual business cycle 5 consecutive times, then your children’s children will live to see what you started.
Get excited think about a business make that investment, Ghana is waiting to see your business.