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Why Should You Invest in an ADU?

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An ADU or Accessory Dwelling Unit can be considered as a long-term investment that’s capable of fetching you good returns. Bringing forth plentiful benefits, ADUs are a delight for homemakers facing the challenges of housing. By investing in an ADU, you can be assured of getting feasible answers for your concerns for safety, affordability, independent and privacy in daily living. There are many reasons why you should consider looking at ADUs to take care of your immediate and future housing needs.

Economical Solution to Housing

Are you looking for a budget-friendly addition to your existing home? Have you been worried about providing the best (but an affordable) place to live in for your granny, parents-in-law, or any other loved person? ADU costs can differ based on their quality, fees, project scope, and permits. These costs are dependent on the laid down housing regulations and may vary from one jurisdiction to the next. In general, the entire outlay of a permitted, designed and constructed ADU would be but a quarter of the costs involved in purchasing a home to fit in a single-family. An accessory dwelling unit is a suitable means of adding to the existing space or living capacity of your property. Without spending a fortune, you can be assured of gaining more in terms of resale value and the overall worth of your residence.

Accessible and Safe

Once your close ones start aging, they are always in need of care. With families getting scattered for work or any other reason, it’s not possible to provide much-needed care at all times. Safety and health of the elderly start becoming a lingering concern for caregivers. As per expert designers at Acton ADU, this is where homeowners can score by investing in an ADU. An ADU provides the right avenues for homeowners in terms of managing their close and aging relatives. This is specifically true if the ageing family members are grappling with health issues, disabilities, or other special needs.

An accessory dwelling unit helps in bringing both parties nearby without encroaching upon their privacy. In-laws, grandparents, ageing parents, and others can live within the same boundary without disturbing the autonomy of their children, grandchildren or other family members. The main impact of adding an ADU to your existing dwelling lies in improving the quality of life of all members in the family. Along with alleviating the stress related to safety and accessibility, an ADU succeeds in eliminating the need for home care assistance and health care facilities to a large extent. As these costs can be very high, it certainly works in everyone’s favor to have the elderly and those who need constant supervision and care to reside close by. What can be better than creating their own little home for them in an ADU?

High Levels of Comfort and Privacy

Multigenerational families, or households with kids and growing children, or pets, can be very overcrowded. It is difficult to take care of the elderly in such cramped spaces. More so, patients and ageing people generally have their quirks and customized needs that can be difficult to take care of in a full house. ADUs are private, independent and comfortable living spaces that can provide helpful solutions for decreasing social tension or minimizing clutter. By investing in an ADU, homeowners can find relief from the problems of crowded kitchens, shared bathrooms, and compromised sleeping arrangements without any distance coming in the way of relationships.

Young families Investing in ADUs

Starting a home from scratch is an expensive proposition that can make a huge dent in the pocket of young couples. This is no secret. Young families and couples wanting to buy a home have a good option in the form of ADUs. Families investing in ADUs can provide their kids with smart and compact ways of establishing an independent living facility. Alongside, they can start saving for their future home buying while experiencing the happiness of remaining close to their home.

Investment with a Long-term Window

Homeowners desire value maximization when investing in any property, be it a full-fledged home or ADU.  This is done with a view of catering to the financial needs of future generations or for getting better resale value. Making investments in an ADU helps in the utilization of unused property for the creation of a secondary home. An ADU also has the potential for generating passive income. There are instances of homeowners downsizing themselves into the ADU or sharing/renting out a part of their primary property with family members or others. In most cases, this is done when their age of retirement draws near.

Concept of ADU

There are several uses and benefits of an ADU. Often referred to as “distributed housing” it helps in the construction of a supplementary unit in the backyard of the main house. These “minimal-bungalow” type units feature a customized appeal and can be used as living or work-spaces. Family integrity planning is another common thread that’s visible in the investments in ADUs. Overall, these units serve as long-term investments for property owners looking towards creating maximum value in terms of financial and lifestyle independence.

The Last Word

Accessory dwelling units (ADUs) can be described as smaller, self-contained living units that are akin to a single-family home. They may either be attached to the main property, a basement unit, garage, or any other free space in the backyard. Sometimes, an ADU can be in the form of a carriage-house or an independent cottage. Whether you are looking for additional space to house your relatives in or a good opportunity for long-term investments, you can be assured of getting apt solutions in the form of ADUs.

You can even consider the concept of having an ADU to create a flexible home office or place for providing care to the elderly or ailing in your family. This sort of flexibility in terms of living has become an important need in today’s society. A great means of accommodating fluctuating work schedules or taking care of alternative family arrangements, ADUs are certainly here to stay in 2020. Plan your investments, today.

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People & Lifestyle

Itel Ghana Donates Library and School Items worth GHC40,000 to Ayikai Dablo M/A school

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Itel Ghana Donates Library and School Items worth GHC40000 to Ayikai Dablo MA school6

Itel Ghana this Friday 24th June 2022  embarked on yet another corporate social responsibility project themed “ itel Wandering Library Project” in the Ayikai Doblo M/A Basic School. (more…)

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African-centric video games leap forward

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The number of gamers has skyrocketed in Africa, going from 77 million in 2015 to over 185 million by the end of 2021. Driven by ever-improving Internet access and the increasing affordability of smartphones, mobile gaming is leading the way. Estimations project that nearly 95% of African gamers use mobile devices. With 650 million smartphones in circulation, the mobile gaming market is even expected to grow at an annual 12%. And as gaming booms across the continent, so thrives the demand for games made in Africa. (more…)

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Best small business ideas to promote online

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If you have a passion for doing something but are lacking the capital you may be wondering how to start a small business with little money. Well, you are not alone. There are thousands of people just like you who are looking for the best ways to make money. The internet is a great resource for finding your clients. On the platforms like https://fee4bee.com/, you can use your skills and expertise to start your own small business and offer your services to sell a product online.

First, you must decide on your small business idea. Before choosing an idea, be sure to get some input from friends and family members. Often, they can help you come up with ideas that will help you earn money while still having a great time. And don’t forget to have fun while working! It’s very important to find a business idea that you can enjoy.

Starting a small business in Сanada

You have decided that starting a small business in Canada is the right choice for you. While it might seem like an overwhelming task, it does not have to be. You can start your own business while working your current job and still have time to devote to your new venture. Start by developing a business plan, which will outline your goals, milestones and success measures. Some of the most important parts of a business plan include the objective of the business, the market position, the competitive landscape, financials, and target market information. Before submitting your plan, you should know the differences between the various business structures that are available in Canada.

A winning business idea is essential to starting a small business. When creating your business plan, focus on the latest technologies and trends, and fill a gap in your local industry. You should also consider the needs and interests of potential customers to ensure that you have a profitable business. 

Small business ideas for little money

There are countless small business ideas for little money out there, but which one is right for you? While money is always a motivation to get started, there’s more to the idea than just making money. To find the right idea for you, bounce it off of friends and family to get their feedback. Also, don’t be afraid to have fun while you’re working! Listed below are some of the most popular small businesses:

  • Handyperson. One of the best small business ideas to start is to provide a service. Although this may not be the most passive form of self-employment, it is a viable choice if you have specific skills and time that others would be willing to pay for. Such businesses can range from home repairs to building construction. To be a handyman you don’t need a large amount of capital to get started.
  • Furniture assembling. If you know how to assemble Ikea furniture, you can start a profitable business. As the popularity of Ikea furniture grows, you can expand the service to other areas. Who knows maybe someday you grow into a full furniture factory.
  • The pet industry is also ripe for small business ideas. From grooming services to dog walking services there are countless opportunities. Dog walking is a common service, and you can set a schedule for walks and charge a flat rate. You can also offer pet boarding services if you are interested in earning extra money. 
  • Video content making. If you want to run a small business, you can opt for video production. Video content is popular across various social media platforms and on the internet. Whether you wish to produce videos for your own business or for clients, you can learn the skills of cutting, editing and shooting videos. Even if you do not have any previous experience in video production, there are many online courses that will teach you the skills.
  • If you’ve recently quit your job and still have the expertise to offer, you can turn that knowledge into a business. Consulting services, for example, are in high demand, with a $263.5 billion market expected by 2022. You can turn your knowledge and experience into a business by filling a need in the market. Many consultants are needed across different industries, and they charge for their services.

These small business ideas are a great source of extra cash, and they’ll also give you a sense of independence. So, start today. Don’t wait until your next paycheck is coming in – invest in yourself and your small business idea today.fee4bee small business ideas img2

How to promote small businesses online?

There are many cost-effective ways to promote small businesses online. Two models of promoting your business online include your own website promotion and cooperation with grand marketplaces.

Not for all the local businesses you need a business website. You have to build high-quality landing pages on your site and budget for large expenses so that the website generates income. 

If you don’t have the time or the budget to do this yourself, you can consider alternative ways to promote online. Social media presence and services marketplaces are great places to list your business for free. These sites are often well-known with high search engine rankings. Listed businesses tend to get local customers. Profiles on these marketplaces don’t take long to set up and can help you promote your business to nearby customers. 

Reviews are another way to get local customers to try your business. Word-of-mouth can be very powerful for your small business. Getting customer feedback on services platforms is the best. This way, potential customers can read what others have to say about your business and decide if it is the one for them.

Another free way to promote your business is through social media. Tik-tok, Instagram, and Pinterest are among the most popular social media sites. Make sure to include your contact information on your page, and create useful and engaging content to attract users. These platforms are great for local businesses because they can promote their products and services 24/7.

Using video on your social media is a great way to reach a wide audience for free. Also, you can use hashtags and contests to increase your exposure. Update your profile regularly. And don’t forget to follow your competitors, too. These social media sites are a great way to reach local customers.

 

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EMY Africa CEO, Kojo Soboh ranks among 50 Top Young CEOs in Ghana

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EMY Africa CEO, Kojo Soboh has been ranked among Avance Media and YCEO Africa’s Top 50 Young CEOs in Ghana for 2022.

The YCEO top 50 young CEOs in Ghana is a yearly classification which acknowledge and recognizes young Ghanaian Chief Executives Officers who are contributing to various sectors of the economy, including sports, manufacturing, agriculture, social entrepreneurship, energy, entertainment, real estate, health media among others.

An official tweet by Avance Media Africa on June 27, applauded Kojo for being one of the selected young leaders ranked among the 2022 Top 50 Young CEOs in Ghana.

The congratulatory message requested the public to visit http://yceo.votinghubgh.com to vote for the 2022 Young CEO of the Year.

The selection of the winner will be from the 50 and will be decided by the public in a 100 percent voting exercise before official declaration of the eventual winner.IMG 1260 2

Making a remark on the ranking, Kojo said, “It’s a big honour to be named as part of the 50 top young CEOs in Ghana for 2022. This means more to me and my team of other young dedicated staff who are vibrant and zealous about Emy Africa’s mission and assignments”.

“At Emy Africa, we celebrate and recognize people’s achievements. It is the reason why I am elated that the works of EMY is also being recognized by YCEO Africa and Avance Media” Kojo said.

“When you get recognition for the things you do out of passion, it brings more fulfilment to do more to cause positive change in society” he added.

Other key young leaders who made it to the list this year include, Emmanuel Kojo Jones-Mensah; CEO of Empire Domus, Sadiq Abdulai Abu; CEO of 3 Music Networks, Sammi Awuku; CEO of NLA, Gwyneth Gyimah Addo; CEO of HairSenta and Dentaa Amoateng MBE; CEO and president of GUBA Enterprise.

Kojo is the founder and executive director of EMY Africa, which produces the annual EMY Africa Awards, One of West Africa’s biggest and most prestigious awards event and the quarterly EMY Africa Magazine.

The awards and its complementary events have been carefully designed to celebrate men’s achievements across local industry, community, culture and public service to inspire the youth to aspire to be better.

Every year, the Awards also gives complementary honours to women who have made an impact in society.

The EMY Africa Awards have honored an impressive list of inspiring personalities including former President of Ghana, John Agyekum Kufuor, Tony Elumelo (Founder & CEO, United Bank of Africa), Togbe Afede XIV (President, African World Airlines ), His Eminence Sheikh Dr Osmanu Nuhu Sharubutu (Chief Iman of Ghana),  Sir Sam Jonah (CEO, Jonah Capital),  Abedi Pele (Ghanaian football legend), Azumah Nelson (boxing legend), Meiwey (Ivorian music legend),Marufatu Abiola Bawuah (Regional CEO for UBA, West Africa),  Togbe Afede XIV (President of the Asobgli Traditonal Area and Executive chairman- World Trade Center , Accra), Patricia Obo-Nai (CEO, Vodafone Ghana),  Dr Daniel McKorley (CEO, McDan Shipping), to name a few.

Kojo was named among the top 50 young CEOs in Ghana in 2019 by Avance media. He was also named in the 2021 African Event Influencers list by Avance media and Oasis Magazine.  In 2018, Forbes Africa Magazine  featured him as one of the finest emerging event managers in Ghana. Kojo is very thrilled to be part of a platform that inspires people to be better.

 

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Africa No Filter Launches the Tony Elumelu Storytellers Fund to Empower Emerging African Creative Talent

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Africa No Filter, a donor collaborative working to transform stereotypical narratives of Africa, has launched the Tony Elumelu Storytellers Fund.  Named after African business leader and philanthropist Tony O. Elumelu, the Fund will award grants to emerging artists and storytellers, whose work shines a light on entrepreneurs and entrepreneurship in Africa.

The $30,000 fund is sponsored by Heirs Insurance and Heirs Life Assurance, the insurance subsidiaries of the pan-African investment group, Heirs Holdings.

Tony Elumelu, Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, has led the championing of entrepreneurship in Africa and has empowered over 15,000 young African entrepreneurs across the continent through a $100 million commitment made by his Foundation.

The Tony Elumelu Storytellers Fund is a standalone initiative and an extension of his commitment to catalysing a redefined African success story, powered by Africa’s youth and their creative ideas. The Fund calls on journalists, filmmakers, content producers, and visual and performing artists to submit multimedia creative ideas, that tell the stories of inspiring entrepreneurs and showcase the true and positive spirit of entrepreneurship in Africa. Applicants must be aged between 18 and 35 years, living on the continent or in the Diaspora.  They must have a platform or portfolio of work that shines the light on entrepreneurship in Africa.

Read Also: CSOs call on government to depoliticize social protection delivery and pass the ‘Social Protection Bill’

Speaking on the Fund, Tony Elumelu said:I have always believed in the potential of young African entrepreneurs to transform Africa. This initiative aligns with our belief and extends the work that we do at the Tony Elumelu Foundation.  Empowering young creative entrepreneurs and the creative sector provides a channel for us to project Africa’s positives globally.  We need their voices to tell our often less-told stories of triumph, resilience, hard work and innovation.”

Moky Makura, Executive Director at Africa No Filter, said: “Our partnership Is significant because this is the first African funding we have received towards the fight for narrative change.  We are also excited to be partnering with one of Africa’s leading entrepreneurs to celebrate entrepreneurship on the continent through storytelling.  We need more success stories, more awareness and more celebrations around entrepreneurial ideas and the dynamic young people driving change here

Ifesinachi Okpagu, Chief Marketing Officer, Heirs Insurance and Heirs Life, said: “We are pleased to support this initiative that directly impacts the lives of young African creatives. As frontrunners of digital innovation in the insurance space, Heirs Insurance and Heirs Life both recognise the important role the creative sector plays in transforming Africa’s narrative. We are on the same transformative path, and this initiative clearly demonstrates that the ideas that we need to boost Africa are right here on the continent.”

The Fund is open for applications on the Africa No Filter website with a closing date of 29 July 2022.

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CSOs call on government to depoliticize social protection delivery and pass the ‘Social Protection Bill’

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SEND GHANA and other Civil Society Organisations in the country have appealed to the government to increase its spending on social protection programmes to help improve livelihoods based on finding in the Social Protection Mirror Report 2021. (more…)

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