There is a considerable debate about the value of a business plan as a predictor of success in a new venture. As a result, many entrepreneurs opt to take their products or services to market by improvising along the way rather than waste time on elaborate business plans. While there is validity in a notion
Despite various challenges that Africa is facing, it is still home to seven of the ten fastest growing economies in the world. Therefore, it continues to be one of the most desirable investment destinations. So, if you are eager and ready to seize business opportunities on the continent, here is what you should know.
Economists project that by 2060, Africa’s middle class population, which is currently about 300 million people, will triple to about 1 billion people. This will without a doubt present a lucrative market for products and services that all companies, including multinationals, are eager to access. In his book, The Fortune at the Bottom of the
Your first thought may be: “Why would I ever turn down a project as a small business?” Well, there are various reasons entrepreneurs may want to consider declining projects from clients; one of them being insufficient compensation. Lionesses, where do you draw the line between balancing the short term pressure of making money and letting
Smart and effective collaboration is paramount to your business success as an entrepreneur because the 21st century is all about forging relationships. There is no question that the world is converging and becoming smaller, faster every day. A 2016 PwC study of more than 1,400 CEOs across 83 countries found that they were more
Research conducted by the African Development Bank shows an increase ranging from 10 – 30% in the number of women-led enterprises over the last decade. In Uganda alone, women account for 40% of all businesses. So, female entrepreneurs have a significant role to play in Africa’s economic and innovative transformation. For the most
Over the years Uganda has been recognized as one of the food baskets of East Africa due to its fertile soil and adequate rain; but now the country faces the biggest food shortage crisis in its history. Bad land tenure systems, drought and outdated agricultural tools are some of the factors contributing to this crisis.
Women have historically received a smaller share of total small business loans as compared to men. According to a recent study conducted by Fundera, an online small business aggregator, there is a consistent and systemic disparity between how men and women finance their small businesses. Basically, women entrepreneurs receive fewer and smaller loans
Microfinance Institutions are growing in importance in Africa as a source of start-up capital for many entrepreneurs. Furthermore, innovative business models pioneered in East Africa are now spreading across the continent in an attempt to advance traditional microfinance methods; since formal financial markets remain out of reach for many women operating micro and small enterprises.
For as long as we are alive, we will experience some degree of stress, especially given the many roles we play as women. Stress is a natural physical and mental reaction to good and bad experiences that can be either beneficial or detrimental to our health. Prolonged, excessive stress is not just detrimental to