People & Lifestyle

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

Published

1 year ago

December 4, 2022

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:

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.

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.

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.

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.

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

People & Lifestyle

Celebrating 25 Years: Otumfuo Osei Tutu II’s Reign

Published

2 hours ago

April 26, 2024

Ameyaw Debrah

Celebrating 25 Years: Otumfuo Osei Tutu II's Reign

Today marks the 25th anniversary of Otumfuo Osei Tutu II’s reign as the Asantehene, the King of the Ashanti Kingdom.

Otumfuo Osei Tutu II: Celebrating 25 Years of Local and Global Impact.
Showing on @GTV_Ghana and streaming on all our social media platforms on Sunday, April 28, at 8:30PM.#Asanteman #OurCultureOurHeritage pic.twitter.com/g3u0Ql5q6i
— GTV Ghana (@GTV_Ghana) April 26, 2024

The celebrations, which began with spectacular fireworks witnessed by Otumfuo himself, will culminate in the Silver Jubilee anniversary on Akwasidaekese on June 12 at Dwabrem, Manhyia Palace.

This milestone is a testament to Otumfuo’s impactful leadership, dedication to the Asante people, and contributions to education and research as the Chancellor of KNUST.

❤️ @AkwaboahMusic meets The King of Ashanti Kingdom Otumfoc Osei Tutu II. pic.twitter.com/wdvlulV7Ez
— FELICIA OSEI (@Osei_Feliciaa) April 26, 2024

The event is being celebrated across Ghana, with well-wishes and congratulations pouring in from various quarters, highlighting the significance of this occasion for Asanteman and Ghana as a whole.

People & Lifestyle

Mr. Beast in Ghana: Surprising Visit Sparks Excitement

Published

2 hours ago

April 26, 2024

Ameyaw Debrah

World-renowned YouTuber Mr. Beast, known for his philanthropic acts, has been spotted in Ghana, specifically in Accra and Tema, sparking excitement among locals.

Wow, Mr Beast is in Ghana! Look at how boys are gathering to take pictures with him. pic.twitter.com/46gawXYWnJ
— Big Kay🇬🇭 (@OfficialBigkay) April 26, 2024

His visit has led to discussions about his choice of Ghana over other African countries, with some suggesting that the country’s popularity as a tourist destination played a role.

MrBeast is in Ghana and no one is talking about it? Make I step out more times I go get new phone or car saf pic.twitter.com/AUP9CSoDoV
— Kofi Ntim (@NtimBarima) April 26, 2024
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Mr. Beast’s presence in Ghana is part of his global outreach, as he recently gifted a Ghanaian $25,000 as part of his X (Twitter) giveaway.

The YouTuber has been seen exploring the country and interacting with locals, with many expressing their desire to meet him and participate in his charitable endeavors.

People & Lifestyle

Stephen Appiah to contest John Dumelo and Lydia Alhassan in MP race for Ayawaso West Wuogon

Published

2 hours ago

April 26, 2024

Ameyaw Debrah

Stephen Appiah to contest John Dumelo and Lydia Alhassan

Former Black Stars captain Stephen Appiah is set to enter the political fray by rubbing shoulders with notable personalities in the upcoming general elections.

The former Juventus midfielder is believed to be lacing his boots to face the likes of John Dumelo and the incumbent member of Parliament for the Ayawaso West Wuogon Constituency Lydia Alhassan.

While Dumelo and Alhassan represents the NDC and NPP respectively, Appiah is expected feature in the elections as an independent candidate.

This was revealed by the Spokesperson of the Ayew family Fiifi Tackie via X on Friday afternoon.

“Stephen Appiah to contest Ayawaso West Wuogon constituency as an independent Parliamentary candidate,” he wrote.

If Stephen Appiah affirms the reported news, he will be following in the footsteps of other renowned figures in Ghana football who have indulged in politics recently.

Earlier this year, all-time top scorer of the Black Stars Asamoah Gyan was appointed as the sub-committee chair of Youth and Sports in the campaign committee of Dr Bawumia, the flagbearer of the ruling New Patriotic Party.

In acceptance of the appointment, Gyan emphasised the need to share hos ideas garnered through experience in the game.

Anas took $100,000 to stop documentary release – Kwesi Nyantakyi
‘I have enough experience to contribute to sports – Asamoah Gyan reacts to political appointment
“I always ask myself, how do we create change if we don’t want to change? How do we spectate without being on the bench, and how do we score without being on the field?… All I know and will ever know, all I love and will ever love is SPORTS.” he stated.

Another figure in Ghana football who recently announced his intention to engage in partisan politics is Kwesi Nyantakyi, former Ghana Football Association (GFA).

The former football administrator showed up as one of the candidates to contest in the NPP primaries for the Ejisu constituency following the demise of incumbent John Kumah.

However, it didn’t pan out well for the former Wa All Stars owner as he lost disappointingly.

He garnered a paltry 35 votes after close to 1,081 delegates had cast their votes in the parliamentary primary of the New Patriotic Party (NPP) held in the Ejisu Constituency on April 13.

People & Lifestyle

Rebecca Osam: A Champion for Women’s Empowerment in Africa

Published

2 hours ago

April 26, 2024

Ameyaw Debrah

In a heartfelt social media post, Rebecca Osam, Managing Director of Reflo Company Limited, Reflo’s TV, and Femme Fatale Productions Limited, has pledged her full commitment to empowering young women.

Rebecca expressed her desire to move beyond mere inspiration and instead build a deeper connection with young women, offering guidance and support to help them achieve their goals.

Her passion for women’s empowerment stems from her experiences growing up in Africa, where she witnessed firsthand the oppression and lack of opportunities faced by women. This drove her to co-found The Florence Mensah Foundation with her mother, aiming to empower African women and girls, and encourage them to recognise their worth, strength, and potential.

Through her foundation and personal endeavors, Rebecca seeks to provide a supportive platform for young women to thrive. She aims to be a relatable figure, offering mentorship and encouragement to help them overcome challenges and achieve success on their own terms.

Rebecca’s dedication to empowering young women proves her leadership and commitment to creating positive change in her community. Her efforts serve as an inspiration to others, highlighting the impact one person can have in driving gender equality and women’s empowerment.

As Rebecca continues her work, her message resonates with young women across Africa: “Anything is possible, and I am here to support and cheer you on every step of the way.”

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People & Lifestyle

Caradise Ghana Car Rental Facilitates Transportation for Global Christian Forum held in Accra

Published

4 hours ago

April 26, 2024

Ameyaw Debrah

Caradise Ghana Car Rental has once again successfully facilitated the transportation of over 240 participants from 60 countries across the globe for the recently ended Global Christian Forum in Accra, Ghana.

Numerous buses hauled the various participants from the Airport to their designated hotels from the 12th to 15th of April, 2024. Participants were then transported from their hotels to the conference grounds daily for the gathering of devoted Christians from the 16th to the 19th of April, 2024.

The forum began with a vibrant, joyful worship service held at Accra Ridge Church. The Rev. Dr. Casely Essamuah welcomed participants to Ghana and to the Fourth Global Gathering, and participants spent the day sharing their faith stories with one another across the litany of differences represented.

The forum was climaxed with a dinner and 25th anniversary celebration at the Action Chapel Internation Church hosted by Archbishop Nicholas Duncan-Williams.

After the forum, the participants took the opportunity to visit the Kwame Nkrumah Memorial Park and Mausoleum where they learnt about the great Pan-Africanist, Osagyefo Dr. Kwame Nkrumah and Ghana’s journey to inpendence.

The participants also spent a day in Cape Coast where they learnt about the millions of enslaved, dehumanised African men, women, and children at the Cape Coast Castle. Witnessing first hand how Africans were forcibly taken captive to the Americas, Caribbean, and Europe as objects of lucrative trade.

People & Lifestyle

DJ Khaled Announces Second Annual We The Best Foundation Golf Classic On June 12 & 13 in Miami Beach !

Published

4 hours ago

April 26, 2024

Ameyaw Debrah

GRAMMY® Award-winning, global megastar DJ Khaled proudly announces the return of his annual WE THE BEST FOUNDATION GOLF CLASSIC for the second year in a row.

For 2024, the mega-popular charity event expands to two days on Wednesday June 12 and Thursday June 13 in Miami, FL. Given the demand by countless superstar artists, A-list athletes, and entertainers to participate, he needed to stretch the proceedings over two days!

Once again, the event will be sponsored by Jordan Brand, and all proceeds support the We The Best Foundationand its numerous efforts to bolster education. Stay tuned for the multitude of exciting confirmed guests, and more.

Khaled created a cultural groundswell and personally appeared on ESPN’s SPORTSCENTER to break the news of the second installment of the WE THE BEST FOUNDATION GOLF CLASSIC today. Watch HERE.

Regarding the return of the WE THE BEST FOUNDATION GOLF CLASSIC, he commented, “Last year, the WE THE BEST FOUNDATION GOLF CLASSIC brought out so many friends and family to make a difference, play some great golf, and have an incredible day for a great cause. This year, we’re going even bigger, and we thank everyone for their continued support. TEE UP AND BLESS UP!”

Last year, the inaugural WE THE BEST FOUNDATION GOLF CLASSIC hosted Serena Williams, pro golfers Michael Block and Bubba Watson, Odell Beckham, JR., Shannon Sharpe, Victor Cruz, Jalen Rose, Terrell Owens, Marcus Jordan, Jeezy, Quavo, The-Dream, Swizz Beatz, Timbaland, Fat Joe, Cedric The Entertainer, Joey Fatone, and more. The foundation raised over $500,000 which benefited the enrichment of children and youth through educational programming, scholarships, and extracurricular activities.

More guests and partners for 2024 will be unveiled soon.