General

A striking paradox exists in Ghana: despite our people’s abundant talent and wisdom, many capable individuals shy away from pursuing innovative ventures. The primary reason for this hesitation is a pervasive fear of financial inadequacy. This fear hinders the entrepreneurial spirit and stifles economic growth as potential business leaders opt for safer, less risky paths …

Finance and Fear: The Unseen Barriers to Ghana’s Entrepreneurial Growth Read More »

The break-even point (BEP) and break-even analysis are related financial concepts used to assess a business’s financial health. The break-even point is the specific level of sales at which total revenues equal total costs, meaning there is no profit or loss. It is calculated by dividing fixed costs by the difference between the unit selling …

Break-Even Analysis in Modern Business for Entrepreneurs and Startups Read More »

Understanding the burn rate is crucial in the fast-paced world of startups, where every cedi matters. This metric measures how quickly a company spends its cash, serving as a financial fuel gauge for a young business. Burn rate refers to the speed at which a company spends its cash reserves or capital. It is a …

Essential Guide to Burn Rate Management for Startups Read More »