As more people enter the side-hustle space, many often grapple with the idea of establishing a legitimate business entity. This is usually because their side-hustle is all about making extra money to supplement or enhance their income. On the other hand, establishing a business entity means paying fees and taxes that can chip away at … Continue reading Why It Is Important to Have a Legitimate Business
Jambiani Beach, Zanzibar, Tanzania The African continent has been getting a lot of attention lately by entrepreneurs. Many economic forecasters has pivoted the continent as the new frontier for growth in almost every sector imaginable. While the continent still has many challenges, it is growing and expanding in many ways. A number of African leaders … Continue reading Why Africa is an Entrepreneur’s Paradise
In my line of work I constantly meet people who want to become entrepreneurs. While I celebrate and encourage entrepreneurship, I must say that it is not for everyone. Even more I don't take clients who I feel won't be effective in their entrepreneurship journey. This is because I don't want them to waste their … Continue reading The Skills You Need to be an Effective Entrepreneur
I often get this question from my coaching clients who are starting a new business. Usually they are referring to revolving versus non-revolving debt. Revolving debt is the kind of debt that is associated with lines of credit issued to credit card holders. Non-revolving debt is associated with mortgages, vehicle and student loans, and other … Continue reading Should I Be Debt-Free Before Starting My Business?
I am a staunch advocate of following your dreams and achieving your life goals. I feel that everyone should wake up happy and excited to start their day. This is the main reason that I started my coaching business - it energizes and excites me when I help people discover and pursue their passions. At … Continue reading Should I Quit My Job to Start My Own Business?
Chances are your child or children already help out a bit in your small business operation. They may do anything from helping to carry, count, or sort inventory to answering phones and relaying messages. These are all work-related duties that they should be getting paid for just like any other employee. Under the provisions of … Continue reading The Benefits of Employing Your Child in Your Family-Owned Business
One question that I often get from new entrepreneurs in the handmade and artisan product industry is "how much should I charge"? Individuals who enjoy working with their hands usually love creating things for the pleasure that they get out of it and they often freely share the fruits of their labors with others. Designing … Continue reading How Much Should I Charge for My Handmade Products?