Author Archives: theFactStation

Investing in Employee Incentive Plans Can Boost SME Productivity

“Indeed, not all SME owners and managers can afford to provide grand incentive plans. But the good news is these programs do not need to costly or always tied to commissions or bonuses.” It doesn’t matter what kind of small … Continue reading

Posted in Uncategorized | Leave a comment

Women Entrepreneurs Face Challenges But Wind of Change is Blowing in their Favor

“…but Ocloo showed by example that persistence has no gender. Her roadmap to success should inspire all of Ghana’s future female entrepreneurs” When Google celebrated the 98th birthday of Esther Afua Ocloo with a doodle on its homepage on April … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

A World of Opportunity Awaits SMEs That Embrace International Trade

“Today, the bamboo bikes are sold as far away as the United States, Japan, Turkey, Germany, the United Kingdom, Netherlands, and Belgium.” Logistical costs, packaging and potential tariffs are among the major barriers to international trade for small and medium-sized … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

The Promise of 2017: A Renewed focus on Ghana’s SMEs

“Specifically, Akufo-Addo has promised a reduction in the Value Added Tax for micro to small enterprises from the current 17.5% to a 3% flat tax.” The new year begins in Ghana with great excitement and cautious optimism for owners and … Continue reading

Posted in Uncategorized | Tagged , | 2 Comments

As a Growth Strategy, M&A can Help SMEs Thrive in today’s Business Climate

  “It is important that the motivation for entering into such transaction align with a company’s long-term strategic goals.” In an era of global competition, integrated markets and complex macroeconomic conditions, mergers and acquisitions (M&A) can be a reliable survival … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Six Ways Ghana’s SMEs can Cure Self-Inflicted Wounds

  A common complaint against SMEs in Ghana is inadequate bookkeeping – always a sure sign to investors that a business is not properly managed. Difficulty gaining access to financing, whether from banks, equity investors, and other lending institutions, creates … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment

With Succession Planning, SME Owners Can Leave a Healthy Legacy

  “What happens to the business in the event the enterprising owner shifts focus to a new venture, dies, is injured or retires? Is there a competent deputy who can take the reins immediately and hit the ground running?” Large … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Ghana Should Not Sit on Sidelines as Steel Industry is Decimated

  “It is difficult to tell whether the punitive levies on imported Chinese steel would be effective. So far it has had a lackluster effect in the United States and across the European Union” The recent clarion call from Ghana’s … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

Sunlight is Best Disinfectant Against Illicit Use of Offshore Tax Havens

  “There are many academics who defend the existence and use of offshore tax havens, asserting that it encourages healthy tax competition between countries” Tax avoidance among the world’s most powerful and wealthy has been the topic du jour since … Continue reading

Posted in Uncategorized | Tagged , , , | 1 Comment

In a Nation Bustling With ‘Scrappers,’ Emotional Intelligence not High Academic Results Might be Your Next Employee’s Best Quality

When looking to fill lucrative graduate-level jobs or internships, many managers and human resource personnel at major corporations instinctively seek out “the best and brightest” coming out of the nation’s top universities. Frequently, though, they make the mistake of defining … Continue reading

Posted in Uncategorized | Tagged , , | 1 Comment