Many businesses are struggling to survive. And most of these businesses make either very low profits, zero profits, or serious losses. How to improve profits in a business is a major headache for entrepreneurs. After paying suppliers, salaries, rent, and other expenses, there is almost nothing left for the owner of the business. And if [...]
Want to learn how to raise funds in large amounts for a business or project? Maybe yours is a capital-intensive business, or you’re at that point in your company where you need a major infusion of capital to grow, expand or turn around the business. In my experience, when it comes to fundraising large amounts [...]
Every successful entrepreneur is great at one important skill. They know how to use “leverage” to their advantage. They know how to use other people’s resources to support their business. And that’s why banks exist. Banks give you the unique opportunity to use “other people’s money” to grow and expand your business -- in exchange [...]
Photo: A proud winner of the Anzisha grants sponsored by the African Leadership Academy. Raising money is one of the toughest obstacles for people who need to support their idea, business, or project. That’s why it’s such an exciting feeling when you win ‘free money’. If getting a bank loan is not an option for [...]
Ways to raise money for a business? You’re about to learn 10 interesting and highly effective options you can start exploring today. Raising capital is probably the biggest obstacle many entrepreneurs face in starting or growing a business. According to research by CB Insights, up to 40% of start-ups and young businesses fail because they [...]
Are you looking for capital to start a new business or grow an existing business in Africa? Have you tried other alternative sources of funding but failed? Is capital the biggest obstacle standing between you and that idea, business, or project you’re so passionate about? These days, there are thousands of opportunities, organisations, funds, investors, [...]
Running out of money. It’s the top reason most businesses fail. According to CB Insights, up to 40 percent of failed businesses were due to a lack of capital. And that’s for the US, Canada, and Europe. In developing markets like Africa, I can bet the number is much higher. But what makes a business [...]
If people don’t know you, they can’t help you or do business with you. That’s why networking is so important in business. Through networking, many people have found investors, business partners, and very good suppliers and distributors. Unfortunately, many people are not so good at networking. Most people think networking is just about introducing themselves, [...]
Your customers are not always right. Sometimes, this is especially true for angry customers. How do you handle a person who insults you, threatens you, and may likely tell other people bad things about your business? In your career as an entrepreneur, you will likely come across this kind of person. But guess what? Angry [...]
A friend of mine recently shut down his restaurant business. It was painful to watch him go through it. I still remember how excited he was when he first started the business. I still remember his vision to expand the business into other cities in the country. I still remember how much time, energy and [...]
