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Successful Small Businesses in Africa

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Successful Small Businesses in Africa Powered By Docstoc
					?Doing business in Africa can be profitable and risky at the same time. Small or big
businessman, he/she will only become successful only if he will learn/undergo
coaching and mentoring. The bigger the business is, the bigger the loss. The loss and
gain of one's business depends on their sizes. But with expert management, some
things may turn around. Small business will earn a lot and big businesses will sink big
time.

Small businesses in Africa is perceived as the most stable type of business. People
believe that smaller ventures face lesser risks compared to huge businesses. In this
time of recession, smaller ventures tend to become more flexible than any other
businesses. But it does not mean that all small business will soar. Success is
achievable only if you have chosen the right type of business. In Africa, investors
carefully choose what type of small business they should start. Selection of venture is
not an easy task, it is better if you will have a reference of what businesses have
withstand the business environment in Africa.

Small businesses in Africa related to manufacturing, health, wholesale and retailing
industry and agriculture. Businesses on these categories profit more because of they
provide and sustain the needs of Africans. The ever-growing needs of the people is an
opportunity that businessmen should enjoy, especially now that the region is on the
frontier of economical development. From time to time, their demands for basic
commodities will grow.

Manufacturing is nice business to do because of Africa's abundant resources. Even if
there is a presence of large manufacturing companies, there is still a room for small
groups because they are the one who can reach more Africans faster. They have a
direct procurement on certain materials and machinery. Possible small businesses are
weaving, lace making, rug making, retail bakeries, pottery and many more. The labor
force for manufacturing in Africa is relatively high, adding up to its potential in the
African Market.

Health services, including education aids, can also be appealing because until now, it
one of Africa's problem needed to be addressed. People in the continent are in need of
massive transformation on their health and education programs. If there will be an
entry of investment on this area, bigger growths are possible. Entrepreneurs will be
the one to provide aids and support to Africans.

Wholesaling and retailing industry plays a vital role in the African market. Food
products are usually imported and operate by wholesalers. It is a profitable business of
the possibility of involvement of foreign trades. Wholesalers are very important in the
distributing systems in the market, they are suppliers for independent retailers and
informal operators. Common businesses in this industry are stores, dealers of some
products like, electronic, farm and construction materials, liquor, home furnishing and
a whole lot more.
Agricultural sector is the most positive investment the one can indulge in. Africa is
evidently rich in natural resources. The continent is one of the world's largest
landscaper. All that they need is more intelligent farming knowledge and innovations
to give way for expansion of the business. There is also a great number of Africans
who have been doing farm business ever since.