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Looking To Start A Side Business? These Are 5 Key Reasons Why It Should Be An Online Business

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If you’re like most of us, your income isn’t enough to cover your expenses any more. Especially in the current economic climate, it is crucial that we all find means to augment our income. In our part of the world, however, taking a second job is not an option given that most of our jobs aren’t structured in a way that allows us to squeeze in enough time to take on another, assuming you can find another. These odds leave us with one primary way of creating another line of income: entrepreneurship.

Most people only consider traditional brick-and-mortar businesses when they decide to launch a side business. However, with the proliferation of internet-enabled devices and the internet now being ubiquitous, starting an online business has never been more feasible.

In this piece, we will analyze the key advantages an online business offers over a traditional brick and mortar business to emphasize the tremendous benefits. In a subsequent article, I’ll delve into key tips and tactics to help you start your online business. So keep an eye on ameyawdebrah.com for that. Now let’s get down to business.

ONLINE VRS BRICK AND MORTAR BUSINESSES

Starting an online business is worthwhile due to its many benefits. Here are a few examples:

  1. The start-up costs are lower.

Before starting, the majority of conventional brick-and-mortar businesses demand sizable initial financial commitments. You would need to take into account merchandise, employee salaries, rent and lease payments, annoying charges from district and municipal authorities, taxes etc.

The majority of these costs can be easily avoided by starting online. In many cases, with a good plan and the right networks, you can start with very little and still manage to build a successful business.

  1. Greater potential for growth

Due to their physical presence, brick-and-mortar businesses are constrained in a number of ways. This implies that the speed and size of their growth can be influenced by physical factors such as time and location.

For instance, having a store in a desirable area like Makola or East Legon means paying high rent, but even this does not ensure that there will be sufficient sales on a regular basis. There is also the fact that you are restricted by your working hours. All these factors put a cap on the growth of a physical business.

Online enterprises, on the other hand, are unaffected by any of these restrictions. When you manage an online business, you transcend locations, boundaries, and time. With more individuals having access to the internet and becoming accustomed to purchasing online, your potential market is constantly growing.

  1. Not limited by time

As we previously mentioned, online businesses are not constrained by the passage of time like brick-and-mortar enterprises are. Even during lockdowns or other disturbances, they can remain open all day, every day of the week.

Once you establish an online presence for your business, clients may place orders and finish transactions whenever they want. This enables your business to produce income without requiring a lot of day-to-day participation.

You will have to put in a lot of time and effort during the early phases of your business. However, with time, you will develop a workable strategy that enables you to effectively increase your ecommerce activities while learning to delegate. In the end, it’s liberating, as you’ll have control over your schedule.

  1. Work from any location

You will undoubtedly be confined to a specific area if you operate a brick and mortar firm.

You can choose the location from where your staff work if you manage an online business. They have the option of working from a home office, a co-working facility, or any other location, depending on the type of business you’re into. Additionally, there is space for mobile work. Simply find an affordable employee monitoring program to keep tabs on your team’s actions.

  1. You have control.

For most brick-and-mortar businesses, the control and management of your staff are dependent on your being physically present. This is especially important in our part of the world, where many employees can be negligent and sometimes even dishonest in carrying out their tasks. For the most part, employees may behave very differently depending on the presence or absence of the business owner.

With online businesses, however, because the majority of the business activities are carried out online, the business owner can easily monitor the activities of staff without being physically present. Most online businesses also have built-in audit systems that are easily accessible to the business owner and cannot be easily altered by employees who wish to engage in fraudulent activities.

 Conclusion

I hope you found the information above helpful. If you’re on the verge of starting a side business, critically consider the above advantages. Crucially, remember that lots of businesses that we once thought could only be done physically have been successfully converted to online businesses. So think long and hard and be creative. Above all, keep learning. Look out for my follow-up article .

To your success!

By Aboagye T. Mintah

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People & Lifestyle

Thabo Mbeki to lead Commonwealth observers for Nigerian elections

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Former President of South Africa, H.E. Thabo Mbeki, will lead a team of Commonwealth election observers to Nigeria, which will be holding Africa’s largest democratic exercise later this month when it holds general elections on 25 February 2023.

Commonwealth Secretary-General, the Rt Hon Patricia Scotland KC, constituted the Commonwealth Observer Group following an invitation from Nigeria’s Independent National Electoral Commission.

As of January 2023, an estimated 93.4 million registered voters will have the right to cast ballots for presidential and national assembly candidates in 176,846 polling units across 774 local government areas.

Announcing the group, the Commonwealth Secretary-General said:

“The Commonwealth remains a committed and reliable partner in Nigeria’s continuing journey towards peaceful democratic governance. Since 1999, we have observed all six general elections in Nigeria and the deployment of this observer group is a testament to the Commonwealth’s enduring support for the promotion of the culture, processes and institutions of democracy in Nigeria.

“In accordance with the values and principles of the Commonwealth Charter, the work of the group seeks to promote transparency, strengthen democracy and the rule of law, and protect the right of the people of Nigeria to participate in credible, transparent and inclusive elections to shape their society.

“This month’s elections hold immense significance not just for Nigeria, but for the entire African continent and the wider democratic world. It is, therefore, essential that all stakeholders in Nigeria reaffirm their shared commitment to ensuring a peaceful election environment which is conducive to the free exercise of people’s franchise and in which fundamental freedoms and rights are respected.”

She also expressed her appreciation to President Mbeki for accepting her invitation to lead the group and to each observer for agreeing to undertake this important assignment on behalf of the Commonwealth.

The mandate of the group, which is independent and impartial, is to observe the preparations for the election, the polling, counting and the results process, and the overall electoral environment. The observers will assess the conduct of the process as a whole and, where appropriate, make recommendations for the strengthening of the electoral system in Nigeria.

Before deployment to different parts of Nigeria, the group will also have briefings with the electoral authorities, political parties, law enforcement agencies, the media and civil society groups representing women, youth and people with disabilities.

Upon completion of its assignment, the group will submit its recommendations in a report to the Commonwealth Secretary-General, who will forward it to the Government of Nigeria, the Independent National Electoral Commission, the leadership of political parties taking part in the elections and all Commonwealth governments. The report will be made public afterwards.

The Commonwealth Observer Group comprises 16 eminent persons from around the Commonwealth, including politicians, diplomats and experts in law, human rights, gender equality and election administration. The full team is listed below.

The observers will be in Nigeria from 18 February to 2 March 2023. They will be supported by a staff team from the Commonwealth Secretariat led by Joshua Setipa, Senior Director of the Strategy, Portfolio, Partnerships and Digital Division.

The Commonwealth Observer Group members, in alphabetical order by country name, are:

  • H.E. Thabo Mbeki (Chairperson), Former President, South Africa
  • Ian Browne, Deputy Chief Electoral Officer, Electoral and Boundaries Department, Barbados
  • Hon. Pelonomi Venson-Moitoi, Former Minister of Foreign Affairs,Botswana
  • Dr Andrew Knight, Distinguished Professor, Fulbright scholar and expert in terrorism and security, Canada
  • Tara Chetty, Human rights and gender expert, Fiji
  • Emmanuel Akwetey, Executive Director, Institute for Democratic Governance, Ghana
  • Dr Mohamed Chambas, Former United Nations Special Representative of the Secretary-General for West Africa and the Sahel, Ghana
  • Hon. Amina Mohamed, Former Cabinet Secretary for Sports, Heritage and Culture, and former Cabinet Secretary for Foreign Affairs, Kenya
  • Linda Bonyo, Legal and data analytics expert, Kenya
  • Seabata Motsamai, Chairperson, Lesotho Council of Non-Governmental Organizations, Lesotho
  • Rt. Hon. Martin Ngoga, Speaker, East African Legislative Assembly, Rwanda
  • Hon. Sarah Flood-Beaubrun, Former House Assembly Speaker, Former Minister for Women Affairs and Former Deputy Permanent Representative to the United Nations in New York, Saint Lucia
  • Dr Gregory Mills, Director, Brenthurst Foundation, South Africa
  • Josephine Karungi, Journalist, Uganda
  • Dr Alex Vines, Director, Africa Programme, Chatham House, United Kingdom
  • Kryticous Nshindano, Former Chief Electoral Officer, Zambia Electoral Commission, Zambia

 

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People & Lifestyle

How to mute someone on Instagram?

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Are you looking to limit your interactions with someone on Instagram or Do you want to stop hearing notifications every time someone messages you on Instagram, Have you had enough of their posts cluttering your feed? Then you’re in luck! In this blog post, we’ll be taking a look at how you can mute someone on Instagram so that you can keep your newsfeed clean and tidy.

Muting someone on Instagram is easy, and you can quickly silence the notifications from someone without having to block them. This allows you to keep up with their posts without being bombarded with notifications

In this article, we will provide a step-by-step guide on how to mute someone on Instagram. We will also explain how to unmute someone if you decide to do so in the future. So, let’s get started!

How to mute someone on Instagram?

If you are new to Instagram and want to get more followers, you can buy Instagram followers to increase their count. Also, Instagram makes it easy to mute people and conversations so you don’t have to see their posts or messages. 

Here’s how to mute someone on Instagram.

Step 1: Tap the chat with the person you want to mute/unmute. You can find chats in your inbox or by tapping the speech bubble icon in the top right of your Instagram home page.

Step 2: Tap the three-dots icon in the top right of your chat.

Step 3: Tap Mute or Unmute next to Mute Messages to mute/unmute someone.

Once you’ve muted someone, you’ll no longer receive notifications for their posts or messages. You can also mute group chats by tapping the three-dots icon in the group chat and tapping Mute.

That’s it! Muting someone on Instagram is a great way to keep your feed and inbox free from unwanted posts and messages. Just remember to unmute that person if you change your mind and want to see their posts or messages again.

You can increase your post visit by buying Instagram followers. To know in detail, visit – Buy Instagram Likes.

Conclusion

Muting someone on Instagram is a great way to manage your conversations and keep your inbox organized. All you need to do is open the chat with the person you want to mute or unmute, tap the top right of the chat, and tap the mute or unmute button. 

This will allow you to have more control over your conversations and help you stay on top of your notifications. With this feature, you can communicate with people without having to be bombarded by their messages.

Muting someone on Instagram is a great way to keep your conversations organized and your inbox clutter-free. Try it out today to have more control over the messages you receive.

 

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People & Lifestyle

Jumia appoints Sunil Natraj as new Ghana CEO

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Jumia, the leading e-commerce platform in Africa, has announced the appointment of Sunil Natraj as Ghana’s new Chief Executive Officer. He takes over the leadership mantle from former CEO, Tolulope Thomas.

“I am very excited to take up this enormous responsibility to lead such a great team of enthusiastic professionals. E-commerce is fast growing in Ghana, and I believe the time to drive growth and impact lives in Ghana through the internet is now. I look forward to a successful journey of sustainability and profitability, and I believe that together with all our stakeholders, we will achieve amazing things.” said Sunil Natraj upon his appointment.

 

Sunil brings with him a wealth of experience; He joined Jumia in 2022 with extensive experience in Sub-saharan Africa. In Jumia, he has been handling the Jumia Express logistics business as VP of Sales and Marketing. In his short time at Jumia, he has worked towards cost definitions and reduction, price definition and standardization, and business development. He has managed and built brands in the region and has handled large businesses with turnovers in excess of USD 150mn per annum. He has been based in Ghana for over 9 years, where he worked for GBFoods – a large food-producing multinational with operations in Europe and Africa. Sunil holds a B.S in Engineering and an MBA from The Indian Institute of Management Calcutta.

He looks forward to driving growth in Jumia’s Ghana operations while working closely with all stakeholders to ensure partner development and consumer satisfaction as the company scales toward profitability.

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People & Lifestyle

Jameson Widens The Circle With Jameson Connects GH 2023: A Celebration of Freedom and Creativity

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Jameson Connects Gh is back and this year’s edition promises to be better elevated and more connected. (more…)

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People & Lifestyle

Guest Blog: Is religion becoming Ghana’s new parliament?

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When religion begins to influence policies that affect every single person, then there is a problem. Religious beliefs are private and personal, but laws are not,” says Alex Kofi Donkor. (more…)

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People & Lifestyle

MTN Ghana Reviews Tariffs Upward

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NOEL KOJO GANSON CHIEF COMMERCIAL OFFICER MTN

Scancom PLC (MTN Ghana) has announced an upward review of the tariffs of its products and services effective February 07, 2023.

The review is as result of two changes. Firstly, the implementation of the 2.5% statutory adjustment of VAT from 12.5% to 15% across all services. This will impact both Prepaid and Post-paid customers. Secondly, MTN Ghana is proceeding with a 15% average upward review of its mobile data tariffs which was originally announced in November 2022 and was subsequently put on hold. The increase in mobile data tariffs will impact both Pay Monthly and Pay-As-You-Go users. The review in mobile data bundle offers cover products available on the short codes 138 & 170, as well as on purchases through Electronic Voucher Distribution (EVD), MTN Pulse, and Data Zone except for XtraTime.  The data tariff increases do not apply to Fiber Broadband and Fixed Wireless Access (4G Router / Turbonet) customers.

With this review, voice users will receive less airtime due to the VAT implementation, and mobile data customers will receive less data bundle allocations for the same price purchased before the tariff increase was made.

The Chief Commercial Officer for MTN, Mr. Noel Kojo-Ganson, explained the impact by giving an example of how the new pricing will work. He said, following the review, a three cedis airtime purchase before the VAT increase, which previously gave customers 24.4 minutes will now give customers 23.9 minutes, whilst a three cedis data bundle which previously gave customers 471 MBs will now give customers 401 MBs.

Explaining the reason for the upward review of the Data Bundle prices, Mr. Noel Kojo-Ganson said the review was necessitated by the recent economic shifts leading to increasing cost of operations largely due to continuous increase in inflation. “These economic shifts have impacted us directly and for us to ensure we have the right balance for sustaining growth and investments into the network, we have had to consider price increases in various segments of our business.”

Mr. Kojo-Ganson added, “MTN recognises that we are in very tough times and would like to assure our customers that we will continue to offer them the convenience and flexibility in the purchase of data bundles at their desired price points via the MTN Flexi and Non-Expiry Bundles. Also, customers will continue to enjoy the 50% bonus incentive on mobile data purchases via MyMTN App & MoMo (valid for 7 days) for 4G customers”.

MTN remains committed to investing USD1 Billion by 2025 to continue its network expansion and improve the network experience for customers. In line with our Ambition 2025 strategy, our purpose is to lead digital solutions for Africa’s progress.

For more information on the revised prices for the data bundle offers, visit www.mtn.com.gh.

 

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