• Entrepreneurs Motivation
  • Markets
  • Digital Store
  • Newsstand
  • Contact Us
Saturday, January 23, 2021
  • Login
  • Register

No products in the cart.

My Story Magazine
Advertisement
ADVERTISEMENT
  • Home
  • Entrepreneurship
    Are you paying attention to your sales team or you’re just too busy ?

    Motivating your employees for an ultimate performance : 8 techniques for Managers and Business Owners

    Are you paying attention to your sales team or you’re just too busy ?

    Are you paying attention to your sales team or you’re just too busy ?

    Dr. Steven Blessing Ackah – The young African giant

    Dr. Steven Blessing Ackah – The young African giant

    WHAT TO CONSIDER IN DECIDING ON A “NAME” FOR YOUR BUSINESS

    WHAT TO CONSIDER IN DECIDING ON A “NAME” FOR YOUR BUSINESS

    Get in touch with Authes Global Stone and Wood works company bringing beauty to homes

    Get in touch with Authes Global Stone and Wood works company bringing beauty to homes

    Trending Tags

    • Conferences & Events
      GHANA’S KWAME A.A OPOKU SET TO HOST OVER 60+ COUNTRIES & 6 GLOBAL SPEAKERS

      GHANA’S KWAME A.A OPOKU SET TO HOST OVER 60+ COUNTRIES & 6 GLOBAL SPEAKERS

      Redefining Education with the Caroline Group

      MY STORY MAGAZINE IN PARTNERSHIP WITH KING COLD PROPERTIES BRINGS TO YOU “THE KING COLD ENTREPRENEURIAL CHALLENGE”

      PASL IN COLLABORATION WITH CODE 57 DARES ENTREPRENEURS IN GHANA WITH THE 5K CHALLENGE.

      NEED $150,000 FUNDING FOR YOUR BUSINESS??? -IMPACT GLOBAL NETWORK ORGANIZES 2ND EDITION OF AFRICAN PITCH ROADSHOW FOR ENTREPRENEURS

      Trending Tags

      • Newsstand
      • Digital Store
      • Contact Us
      No Result
      View All Result
      • Home
      • Entrepreneurship
        Are you paying attention to your sales team or you’re just too busy ?

        Motivating your employees for an ultimate performance : 8 techniques for Managers and Business Owners

        Are you paying attention to your sales team or you’re just too busy ?

        Are you paying attention to your sales team or you’re just too busy ?

        Dr. Steven Blessing Ackah – The young African giant

        Dr. Steven Blessing Ackah – The young African giant

        WHAT TO CONSIDER IN DECIDING ON A “NAME” FOR YOUR BUSINESS

        WHAT TO CONSIDER IN DECIDING ON A “NAME” FOR YOUR BUSINESS

        Get in touch with Authes Global Stone and Wood works company bringing beauty to homes

        Get in touch with Authes Global Stone and Wood works company bringing beauty to homes

        Trending Tags

        • Conferences & Events
          GHANA’S KWAME A.A OPOKU SET TO HOST OVER 60+ COUNTRIES & 6 GLOBAL SPEAKERS

          GHANA’S KWAME A.A OPOKU SET TO HOST OVER 60+ COUNTRIES & 6 GLOBAL SPEAKERS

          Redefining Education with the Caroline Group

          MY STORY MAGAZINE IN PARTNERSHIP WITH KING COLD PROPERTIES BRINGS TO YOU “THE KING COLD ENTREPRENEURIAL CHALLENGE”

          PASL IN COLLABORATION WITH CODE 57 DARES ENTREPRENEURS IN GHANA WITH THE 5K CHALLENGE.

          NEED $150,000 FUNDING FOR YOUR BUSINESS??? -IMPACT GLOBAL NETWORK ORGANIZES 2ND EDITION OF AFRICAN PITCH ROADSHOW FOR ENTREPRENEURS

          Trending Tags

          • Newsstand
          • Digital Store
          • Contact Us
          No Result
          View All Result
          My Story Magazine
          No Result
          View All Result
          Home Entrepreneurship

          Entrepreneurship and Entrepreneurs in Africa

          My Story Magazine by My Story Magazine
          February 24, 2018
          in Entrepreneurship
          Reading Time: 3min read
          0 0
          0
          Entrepreneurship and Entrepreneurs in Africa
          0
          SHARES
          587
          VIEWS
          Share on FacebookShare on TwitterShare on WhatsApp

          RelatedPosts

          Are you paying attention to your sales team or you’re just too busy ?

          Motivating your employees for an ultimate performance : 8 techniques for Managers and Business Owners

          January 11, 2021
          Are you paying attention to your sales team or you’re just too busy ?

          Are you paying attention to your sales team or you’re just too busy ?

          January 5, 2021

          A look around the African continent reveals a growing rate of entrepreneurship. More and more people are beginning to take things into their own hands by setting up companies to solve local and international problems.

          People have found more innovative ways of doing things and this has led to the reinvention of domestic and international industries but when did the wind of entrepreneurship begin to blow across the continent? The establishment of businesses to solve local problems is not novel in Africa. However, it is important to note that the collapse of the commodity boom; arising from the credit crunch and also the great recession of the late 2000s played significant roles in Africa’s rise to entrepreneurship over the last decade. Many highly skilled African professionals domiciled in America and Europe returned home after losing jobs.

          There were amongst individuals who had gathered very rich technical and managerial experience and also had international networks and connections… These professionals went on to establish their own businesses or to partner with local compatriots due to the lack of jobs but what has been the impact of these businesses? What does the future hold for them?

          The culture of the African people towards entrepreneurship, the socio-political environment prevalent in a country and availability of opportunities will be the key to the emergence,  growth, survival and success of entrepreneurs.

          What is the Ghanaian culture with regards to entrepreneurship? How do people react to the thought of risk taking? A few years ago, a Nigerian friend bemoaned the average Ghanaian’s fear to take risks. He made a quick reference to his native Nigeria; where they are considered a risk loving people in general and linked that to the existence of many local industries in that country. However, risk taking isn’t the only trait a successful entrepreneur should possess. You need passion, determination, discipline and confidence.

          Educational systems in Africa should be designed to imbibe the entrepreneurial culture among pupils and students. The existence of a conducive working environment for start ups is very vital for success. Governments should lead the Legal environment which relates to the ease of registering a business and getting it running is sole responsibility of governments. Also, a supportive financial environment which is considered the back bone for many start ups can be enhanced by government. Through prudent monetary policy, cheap credit is made available for start ups to take advantage of, in their growth and competition with foreign companies. The old practice where foreign firms merely set up offices in Africa without research centres and tailor made products and services is being challenged by African entrepreneurs. Indeed there have been instances where foreign multinational companies have folded up in certain African countries for various reasons.

          Governments should be as involved with the growth of local startups not only to a level where they substitute the nation’s imports but also to fully exploit their exportation prospects. Following the great recession and collapse of the commodity boom, governments across Africa have weakened over the years. Governments now focus on taxing local businesses for revenue.

          Some governments have ceased international training and importation of certain products. African entrepreneurs must be quick in identifying opportunities where they can solve the many problems of the people. In these times when governments and its people are in search for home grown solutions, the African entrepreneur has a ready market to tap into.

          With a population of 1.2 billion on the continent, coupled with scarcity in foreign exchange, opportunities abound for local businesses. Commodities like cocoa, gold and oil may be reducing on the continent, but the rise of knowledge among its people, offers hope that Africa will be a powerhouse.

          Written by: Nathaniel Yeboah

           

          Previous Post

          The Psychological Make-Up of An Entrepreneur

          Next Post

          Jessica Dewhurst – A STAR of HOPE shining from the South

          My Story Magazine

          My Story Magazine

          My Story Magazine is the one-stop platform for up-to-date trends and information on entrepreneurship and also on investment opportunities in Africa.

          Next Post
          Jessica Dewhurst – A STAR of HOPE shining from the South

          Jessica Dewhurst – A STAR of HOPE shining from the South

          Africa Climate Smart Agriculture Summit 2018

          Africa Climate Smart Agriculture Summit 2018

          Leave a Reply Cancel reply

          Your email address will not be published. Required fields are marked *

          I agree to the Terms & Conditions and Privacy Policy.

          Trending

          Entrepreneurship Hub Africa conference 2019 dubbed MBALI MBALI, CARVING AN AFRICAN VISION

          September 5, 2019

          MEET PRINCE AKPAH THE YOUNG GENIUS CHANGING AFRICA’s NARRATIVE THROUGH THE MEDIA.

          January 29, 2020

          THE JOURNEY TO HELPING THE LESS PRIVILEGED IN THE SOCIETY, MEET JACINTA STEVENS (founder, JS FOUNDATION)

          November 4, 2019

          Browse by Category

          About MSM

          My Story Magazine

          MSM | Est. 2016

          My Story Magazine is the one-stop platform for up to date trends and information on entrepreneurship in Africa. It is also a platform to share success stories and journeys of entrepreneurial and technical leaders making impact and leaving long lasting legacies on the continent.

          MSM | Est. 2016

          Trending on MSM

          • Motivating your employees for an ultimate performance : 8 techniques for Managers and Business Owners
          • The AfCFTA – a free trade area and a flagship project of the African Union
          • Are you paying attention to your sales team or you’re just too busy ?
          • Dr. Steven Blessing Ackah – The young African giant
          • WHAT TO CONSIDER IN DECIDING ON A “NAME” FOR YOUR BUSINESS
          • Get in touch with Authes Global Stone and Wood works company bringing beauty to homes

          Our Digital Store

          My Story Magazine - 1st Edition

          MSM Issue No. 1 – The Maiden Edition

          In our Maiden Edition, we bring you stories, articles and exclusive interviews with Entrepreneurs like Dr. Papa Kwesi Nduom of ...

          July 18, 2020
          My Story Magazine - 2nd Edition

          MSM Issue No. 2 – The Directory Edition

          In this edition we share the inspiring stories of change leaders who have not only been bold to make mistakes ...

          July 18, 2020
          MSM Issue No. 3 | Exclusive Edition

          MSM Issue No. 3 – The Royal Edition

          In this edition, we focus on projecting the media as the basis for reformation and transformation if used effectively. Based ...

          July 18, 2020
          My Story Magazine - 4th Edition

          MSM Issue No. 4 – The Executive Edition

          Our 4th Installment codenamed "The Executive Edition", gives you exclusive access to the story of the man behind one of ...

          July 18, 2020
          My Story Magazine - 5th Edition

          MSM Issue No. 5 – The Legends Edition

          Celebrating the "Giants of Industry" is a way to say thank you and to also commend these individuals on their ...

          July 18, 2020
          My Story Magazine - 6th Edition

          MSM Issue No. 6 – The COVID Edition

          This edition features tips and other relevant resources by industry experts to help Entrepreneurs stay strong and afloat during this ...

          July 18, 2020
          My Story Magazine - 7th Edition

          MSM Issue No. 7 – The Oheneyere Edition

          Women who take the course to become trailblazers are deemed confident and determined and Oheneyere Gifty Anti is one of ...

          July 18, 2020
          My Story Magazine - 8th Edition

          MSM Issue No. 8 – The Investor’s Edition

          This edition highlights the lessons, experiences, challenges and success stories of 21 Ghanaian entrepreneurs who are poised to make a ...

          October 9, 2020

          Wall of Honour

          © 2020 My Story Magazine All Rights Reserved. Crafted with ♥ by GET Systems

          No Result
          View All Result
          • Home
          • Conferences & Events
          • Entrepreneurship
          • Newsstand
          • Digital Store
          • My Account
          • Contact Us

          © 2020 My Story Magazine All Rights Reserved. Crafted with ♥ by GET Systems

          Welcome Back!

          Sign In with Facebook
          Sign In with Google
          OR

          Login to your account below

          Forgotten Password? Sign Up

          Create New Account!

          Sign Up with Facebook
          Sign Up with Google
          OR

          Fill the forms bellow to register

          *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
          All fields are required. Log In

          Retrieve your password

          Please enter your username or email address to reset your password.

          Log In

          0

          This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
          Are you sure want to unlock this post?
          Unlock left : 0
          Are you sure want to cancel subscription?
          ×