Category Archive For "Business Stories"
4 reasons why you should budget for marketing in your small business
There are broadly two sides of doing business: (1) bringing in cash and (2) managing the cash brought in. One important tool that assists businesses to bring in cash is marketing, especially advertising. In this article, we will look at some reasons why you should budget or make provision for marketing as you run your …
A Simple Guide to Small Business Taxes in Ghana
While it is common knowledge that doing business involves tax payments, it is vital to reiterate this. In Ghana, some taxes apply to only small businesses though the industry and location in which a small business operate may give rise to other tax obligations or tax exemptions. In this article, I share with you four …
How to manage your accounts during COVID-19
There are generally two ways of managing business transactions or records: (1) manually, through the use of notebooks or exercise books and (2) electronically, through the use of computerized accounting software like Built. In managing your accounting records or business transactions, these three (3)points should be of great concern: Recognition of revenue Accounting standards provide …
How to pay your taxes, SSNIT in this period of COVID-19
While some businesses have attempted and found it difficult to make statutory payments, others do not have any idea on how to go about making their statutory payments in this period of COVID-19. This article seeks to give relief from such distressing situations. Statutory payments: what they are and when to pay them These are …
7 Things Every Business Should Prioritize In Each New Calendar Year
The priorities for a business for any new calendar year may differ from another. However, it is noteworthy some activities should be a priority for every business for any new year, irrespective of the size or nature of business. In each new calendar year, there are 7 things every business should prioritize. These form the …
How to calculate the 3% VAT Flat rate
There are two types of VAT systems in Ghana: the Standard scheme and the Flat rate. While the former comes with a composite percentage of 17.5%, the latter is 3%. The objective of this short article is to equip readers with knowledge on how to compute the 3% Flat rate VAT. Before we start to …
What does revenue and expenses mean?
As a firm, it is vital to know that implementing your chosen strategies means that you would carry on business. In doing so, you will experience money and other financial resources “coming in” and “going out”. These are generally what are termed revenues and expenses. In this article, I share with you more about revenue …
Why your business needs a budget
In preparing for a new year and in some cases in the early part of each new year, business owners make a list of important considerations for their businesses. One of the things that features in most of such lists is the need to get a working budget for the year. Such a move by …
Continent’s Potential Can Be Realised Through Technology
We are in a fast changing technological age which brings with it a huge leverage for countries and businesses ready to use it. I shared my thoughts on how technology can be used to accelerate efforts towards achieving the Sustainable Development Goals (SDGs), especially within continental Africa. Read it below: With 200 million people aged …
Entrepreneur Amma Gyampo’s Top Advice For African Startups
Our advisory board member, Amma Gyampo, was recently interviewed by Entrepreneur.com and we think it’s worth sharing with you: Amma Gyampo serves on Ghana’s National Taskforce for Impact Investing, she is an Angel Investor supporting women-led businesses and serves as Investor Relations Director for the Lady Angel Network. A business development advisor and entrepreneur with …