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Showing posts from July, 2017

TOP 10 FACTORS THAT CAUSE BUSINESS FAILURES IN GHANA

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When businesses fail, people lose their jobs, taxes decrease, the economy goes down, crime rate goes high and the citizens of the country suffer.
As a leading business management software provider to Ghanaian businesses, we at Multisoft Solutions Limited  want to discuss what we consider to be the 10 factors that cause business failures in Ghana!
Well, before we look at the top 10 causes, let us look at what is meant by business failure. According to the thelawdistionary.org, a company has failed if it is unable to make profit or to bring in enough revenue to cover its expenses.
Now, let us look at the top 10 factors that cause business failures in Ghana.
#1: Starting Business for the Wrong Reasons
The core mission for a business must be to solve a problem or meet a need for a target group of people! When your business meets your customer’s needs and meets them well, then your business will flourish and be successful!
Building a business is hard and you need a higher purpose and passion to …

Industry 4.0 – How Ghanaian businesses can get ahead

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Industry 4.0 – How Ghanaian businesses can get ahead Eddy Ogbogu- Group Executive, Operations and Technology, Ecobank Group.
In 2017 and beyond, the challenges facing business will continue to propel us forward into an era of yet unexplored technology. The sky is no longer the limit.

At an event organised by Multisoft Solutions Limited in partnership with Sage West Africa , participant mainly champions of business and IT were taken through the Industry 4.0 concepts and how vital it is for companies to invest in  state-of-the-art Business Management Solutions Such as SageX3.
The next industrial revolution has arrived in Ghana, and it will help make businesses of all sizes more efficient, productive and profitable. This fourth industrial revolution could help power companies to become major global players.  However, the big question is – how will this help transform your business?

Industry 4.0 is enabled by technological advances such as cloud computing and automation.  The falling price of…

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