Research & Analysis

Market research will identify opportunities and open doors for your small business to prosper. It’s a way to gather information about potential customers and businesses already operating in your market and segment. This information will create a competitive edge as you embark on growing your business.

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What to Consider when starting or investing in a Business

It is never too late to start a small well-organized business that will help you supplement your income, grow with you and your family and perhaps into a wealth generating vehicle for your future. If you have some cash on hand, you may be in better space to buy or invest in a business. This will guarantee cash flow almost immediately – below are some of the pointers we use when advising about investing in established businesses.

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A year tourism will never forget

Although 2020 presented unforeseen challenges, it also set the stage for reflection and innovation within African tourism. At Ntare Tourism and Travel Services, we remain committed to reshaping the future of travel to Africa by offering customized, meaningful, and sustainable experiences. We aim to remove the barriers of misconception, promote Africa’s extraordinary offerings, and ensure that the continent remains a top destination for tourists worldwide.

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WHY THE WORLD SHOULD INVEST IN AFRICAN FASHION

The continent has shown eagerness to develop its clothing (apparel manufacturing) capacities for some time now, but efforts have been frustrated by dearth of infrastructure, capital, and Asia’s domination of the industry globally. However, with cost of production rising in China, Africa may have been presented a golden opportunity to ‘reclaim’ its fashion industry and invite long-term investments.

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AFRICAN FASHION MEETS E-COMMERCE

Given persistent worries associated with opening stores, physical retail businesses have become a heavy expense for some brands. In June, luxury couture label Valentino filed a lawsuit against the landlords of its boutique on 5th Avenue in New York, in an attempt to exit the lease nine years before the end of the original agreement. Valentino has not been the only retailer to try this.

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Trends that will keep the travel and tourism alive in 2020 after COVID-19

2020 was looking optimistic; looking back on 2019 as a good one for Africa, with no wars, pestilence or major calamities on the continent this year, the idea was this year, more people would be inclined to visit Africa. At the end of 208, high profile visits by Kanye West to Uganda and the African American movement to “Return to the motherland” reignited interest in Africa.

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Business Survival during COVID-19 - RECOVERY POSITION

The business environment in this pandemic is very different from the good years. Consumers spend differently or are not spending at all, which forces you to adjust accordingly. If you have read the other recommendations, they are all precursors to this as the hope is that business will return to normal. We believe that once this pandemic is over, business will come back at a roaring pace; only the companies that took big steps to handle the fallback of business, have increased cash on hand or reduced expenses will be in position to handle the demand.

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Business Survival during COVID-19 - INCREASING INCOME

After slicing your expenses and cash outflows, the next step is to increase and speed up the inflow of cash. Like many other businesses, you may be facing plunging revenues so having cash on hand is the best possible way to avoid further collapse of your hard-earned business. These may come as a harder shock than the reduction of expenses; these ideas go against the grain of most business practices but at this time, no business is immune to the downturn.

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Business Survival during COVID-19 - REDUCING EXPENSES

At Ntare Consulting, we believe and have been telling all our clients and friends that as the world stays in place to avoid the spread of COVID-19, there is a worldwide economic slowdown that is affecting EVERYONE. The idea is that once this cloud lifts, the business world is going to jump into action and there will be a huge demand for services; more jobs will be offered and governments around the world will be working tirelessly to reignite their economies. Those smart businesspeople that took the survival tips seriously will be the ones standing and ready to cash in on their solid preparation.

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How Ntare Consulting can help you to apply for the SBA Federal Relief Loans

At Ntare Consulting we have been keeping our ears on the ground and after receiving several calls and emails about how to apply for this loan program, we have structured the Ntare Small Business Loan Application Assistance Service to help you affected by this pandemic. We can help you apply and followup on the loan that can go up to $2 million dollars depending on the SBA criteria.

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Is this a good time to invest in the Stock Market

We understand that this may be a frustrating period but as soon as a cure is developed or a vaccine approved for use, the imminent risk posed by the corona virus will be alleviated and life will slowly start to get to normal. Think long term and avoid the impulse to buy large positions that may not materialize in profits in the short term.

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