Business owners have been entreated to maintain credibility on a personal and professional level to expand their enterprises.
According to the Head of Financial Advisory at Deloitte Ghana, Yaw Lartey, this will attract more investments for businesses to thrive.
He maintained that building a credible brand image should be a primary goal as a reliable reputation provides significant value to the company.
Speaking on Joy Business show ‘Masterclass’ with host Yaw Anim Banafo, Mr. Lartey explained that, credibility helps to position businesses in a positive light in front of key internal and external stakeholders, including investors, analysts, and media.
“What is important for building your business plan is we are looking for credibility or what we call ‘bankability’. You need to tell the story as it is, I have seen a lot of businesses try to hide numbers and due to that a lot of investors are running away from such businesses“, he said.
Mr. Lartey furthered pointed out that successful executives of various businesses must be concerned with both character and their reputation to keep their businesses in shape.
“Your reputation is what people think of you. Your reputation is purely a function of perceptions”, he maintained.
“Credible individuals and business possess and nurture a specific set of qualities that earns them a reputation as someone you can trust. A credible organisation is the bedrock of an owner-employee and a company-client relationship where all parties are confident that promises will be fulfilled”, he concluded.
Latest Stories
-
Meet 2 Ghanaian entrepreneurs on a mission to connect 1m African professionals to global companies by 2034
24 mins -
NCA approves Starlink’s satellite broadband application
25 mins -
Government orders FGR to revamp mining operations; assures workers of commitment to their welfare
31 mins -
Arne Slot philosophy could suit Liverpool – Van Dijk
41 mins -
EC replies Mahama: You also appointed someone who was tagged NDC
48 mins -
See colourful outdoor of Prof Naana Opoku-Agyemang as NDC’s running mate
1 hour -
Akufo-Addo commissions 15MWP Kaleo Solar Power Plant
1 hour -
GCB Bank PLC leads African financial integration, hosts ZICB delegation
2 hours -
Empowering Girls in ICT: FAWE Ghana advocates for gender equality in the Tech sector
3 hours -
Rangnick ‘contacted by Bayern Munich’ about manager job
3 hours -
Winneba Youth Choir celebrates 35th Anniversary with Aseda Concert sponsored by Fidelity Bank
3 hours -
Bonwire residents reject Agya Koo’s endorsement of Ejisu NPP MP aspirant
3 hours -
SSNIT to run out of reserves due to deficits – ILO
3 hours -
Lagos officials eye Jospong Group’s eco-friendly waste management module
3 hours -
Photos: NDC outdoors Prof Naana Opoku-Agyemang as running mate
3 hours