A study by the African Development Bank Group found out that most Ghanaians see entrepreneurship as the only way to generate income.
In fact, almost half (that’s 49.2%) of all people employed in Ghana, own their own businesses.
Now, these numbers can be a bit stressing for anyone who has endured some initial failure or feels that you don’t fit the profile of the typical entrepreneur.
Well, similar to anything in life, it should come as no surprise that not everyone is cut out to be an entrepreneur.
But wait! Don’t stop reading just yet. Rest assured that there are other ways you can become an entrepreneur.
After all, running your own business isn’t the only game in town; in some cases, it isn’t even the best option available.
So, roll up your sleeves! Let’s find where you belong or the best option for you in this chaotic but beautiful world of entrepreneurship.
1. become a partner
Typically, many entrepreneurs in their early years have to wear many hats in their businesses – all alone.
Even after having the “required” entrepreneurial traits, they also have to juggle many daily activities in their businesses; making sure they apply the right management and leadership skills in order to achieve success.
Honestly, it’s quite a lot.
However, you can easily avoid all that headache by just teaming up or going into business with someone or “someones” as partners.
Partners bring needed capital, along with management skills and leadership traits that balances with where you fall short. In fact, you can even decide to focus more on what you’re really good at, and leave the rest to your partner or partners.
But what’s the catch, you ask?
Well, everything depends on your ability to work well with others and most importantly, finding someone who shares the same vision with you. Oh! And then, followed by a strong partnership agreement.
2. invest in some else’s business
First of all, let me get this out of the way; before you say “I don’t have any money!”
You don’t need to be a rich person to invest in a business; especially, in a small business. You only need to have the ability to identify small businesses which has the potential to be successful.
With that knowledge, intuition and enough savings, you can save yourself from any day-to-day headaches of managing a business.
3. buy an existing business
It’s a great option if you have the management skills and some cash but still don’t have a specific idea for a business you want to start.
Yeah… it’s might be riskier than starting your own business. However, an existing business lets you know exactly what you’re getting into right from the start.
Besides, you might not even need to waste time and energy creating systems and processes – everything is already in place, allowing you to dive right into the business, without having to waste time on anything.
Plus, you can even hire someone or the same person you bought the business from to continue managing the day-to-day – if you still don’t want that headache.
4. try your hands on a side hustle
Most employed people in Ghana have a side business or hustle. And typically, these side hustles are created to bring in some extra income.
But there’s another use for a side hustle.
It’s the perfect gig to find out if you really have what it takes to be an entrepreneur and where you feel comfortable in managing a business. It can be like a dress rehearsal before you decide to go full-time.
A side hustle is low risk; it gives you the time to really study your market and even the chance to turn a side gig into a huge success. A success that can inspire you to finally leave your day job and become a full-time entrepreneur.
Wrapping up
Well, in this poor economic environment that we all live in, it isn’t hard to find entrepreneurial “cheerleaders” who would have you believe that you are better off running your own small business.
But the reality is, of course, that the grass isn’t always greener on the other side of the fence.
Whether you’ll fail or succeed, it’ll all depend on You, the entrepreneur – no pressure.
So, before you decide to take your first step in your entrepreneurial journey, first find out if you have what it takes to be a full-blown entrepreneur – through and through.
And if you still can’t sincerely answer that question, then it is time to find other ways you can become an entrepreneur.
Small To Sprout 
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