3 things small businesses can do to survive

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• Bell Nono 9 years ago

  The problem with small businesses is finance. Initial capital to start the business is not avialable. Even when you have a property, and do not register it, the banks do not want to take it for a loan. They are insisting o ...
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  The problem with small businesses is finance. Initial capital to start the business is not avialable. Even when you have a property, and do not register it, the banks do not want to take it for a loan. They are insisting on registered land certificate. I have a property, but did not register the land, and offered it for a loan but it bank rejected and refuse giving out the loan. If you have a loan to assist call 0208758440.

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• Gideon Appiah 9 years ago

  Apart from being it a financial situation or fund to start business or run the business, most small businesses must take a deep study of the environment and its changes with respect to the change in needs of customers and ind ...
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  Apart from being it a financial situation or fund to start business or run the business, most small businesses must take a deep study of the environment and its changes with respect to the change in needs of customers and individuals.It is undeniable that every business is somehow affected by some underlined factors and therefore impede the success of the business. These factors must however be taken into consideration when running an organisation or a firm. We have political, economical, socio-cultural and technological factors. The businesses must however identify their strenght and weaknesses as well as their opportunities and threats.
  In oeder to survive in business as a firm or organisation, you must know your internal and external factors or forces that impede your business or better-still, do an intensive enironmental scan or audit. Secondly, the firm must be able benchmark the strategy of their compettors and follow suite in oder to avoid a hostile takeover or defeat. They must revise their strategies to know the effectiveness. This is done by measuring and evaluating the strategies regularly. Also, the firm must be ready to undergo a change when necessary. Change is necessary in today's business. Any firm that do no undergo change stand the chance of losing customers, clients or future business. Finall, correcticve measures must be put in place to curb bad conduct of business or re-enforcing the companies policies, laws and regulations.

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• Akwasi 9 years ago

  Gideon, this is all paper talk. Do you own a business in Ghana? Taking a loan from our 'susu' banks will take all the energy of any prospective business person. Take it easy on your advice. Ghana's economy defies every logic. ...
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  Gideon, this is all paper talk. Do you own a business in Ghana? Taking a loan from our 'susu' banks will take all the energy of any prospective business person. Take it easy on your advice. Ghana's economy defies every logic. Ghanaians are very entrepreneurial, but the bottlenecks in operating as a business is a herculean task. We don't have policies in place that assist any SME. Right from the gov't, GEPC, AGI, etc etc. It is good to hear 'paper business' people espouse all the beautiful advice in operating a business. What we want to hear is OPERATING A BUSINESS IN GHANA. Be specific!

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• Gideon Appiah 9 years ago

  very interesting.

  very interesting.

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• ADJEI 9 years ago

  Its so easy to copy stuff from magazines and 'pour' it as usual. Firstly, how does the author describe SME's in Ghana? Most small businesses in Ghana probably employ under 10 people. Taking his example of a beans seller, how ...
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  Its so easy to copy stuff from magazines and 'pour' it as usual. Firstly, how does the author describe SME's in Ghana? Most small businesses in Ghana probably employ under 10 people. Taking his example of a beans seller, how does this small beans seller export beans to India? Some of these so called business 'advisers' don't really know squat about operating a business in Ghana. If you really want to advice Ghanaian entrepreneurs, be local and be real. What you are suggesting here can be found in every business magazine and book.

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• OKRO MOUTH 9 years ago

  The writer is not very convincing in this story. The forces of demand and supply is very complex in Ghana where income of people keeps on dwindling in relation to the dollar issues. After a small business owner finish selling ...
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  The writer is not very convincing in this story. The forces of demand and supply is very complex in Ghana where income of people keeps on dwindling in relation to the dollar issues. After a small business owner finish selling his/her goods and services the money has reduced in value. Please offer concrete advice but not the shallow so-call "book" advice that is not practical in the current situation.

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