Growing a Small Business in Ghana

Growing a Small Business in Ghana

Business Consultants in Ghana

As a small business owner in Ghana, you probably handle most every aspect of your business from interacting with customers, ordering inventory, and marketing to paying bills and complying with various regulations. It’s rewarding, but not necessarily easy. Not only does running a small business require you to do it all, if you want your business to grow, you’ll need to do even more. For example, as you add employees, you’ll need to start doing payroll. Fortunately, you don’t have to figure it all out on your own. Use the tips below to set your small business on a track for success:

  • Develop a business plan. If you don’t have a business plan, now’s the time to develop one. A business plan serves as a road map to your future. Here you’ll define all aspects of your business from its mission and purpose to its ideal customers, products and services, marketing budget, plan for growth, and more. A well-developed business plan can keep your business focused, provide you with guidance when you’re unsure about the next step, and show potential lenders and investors exactly how you intend to grow your business.
  • Tap into small business resources. Small business owners in Ghana have access to any number of resources that can help; make sure to take advantage of them. For example, the National Board for Small Scale Industries offers business development services for micro and small enterprises.
  • Outsource some business functions. In addition to taking advantage of small business resources, consider outsourcing some of your business functions such as accounting, payroll, or website development. By working with an external provider such as E & E Management, Consulting and Business Services, you can focus on other areas of your business. Meanwhile, we’ll professionally execute the job we were hired to do. Outsourcing business functions allows you to grow your business without having to master yet another discipline. It also allows you to apply your talents strategically so that your business can prosper.

Growing a small business in Ghana starts with a solid plan. Once you have a plan, take advantage of the resources and services available to you. Need help growing your business? Contact one of our business consultants to learn how we can help.

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