Audio By Carbonatix
Black Avenue Muzik CEO Desmond Kwesi Blackmore, known in the entertainment industry as D-Black, says the diversification of his business portfolios accounts for his success as an entrepreneur.
According to the businessman, the multiple revenue streams from the various companies are enough to offset any debt burden from a single business.
Speaking to Amelley Djosu on a yet-to-be-aired episode of Celeb Biz on Joy Prime, D-Black indicated that having more than one source of income serves as a security for any entrepreneur, especially during a rainy day.
The musician believes the music industry is not always rosy, especially producing hit songs, hence the need to have a fallback strategy.
“You as an artiste don’t have a hit song on the radio, but your club is doing very well, so now the revenue stream is balanced.
"Last year, the majority of the revenue was coming from the music; this year is the club, and maybe the year after you decided to take a break from the club and do some renovation.
"So now the restaurant is making money for you, then the year after you have a hit song again, then you come, then okay, Sefa has a hit song, then it goes up, bro, the ice cream company is shooting up, you have ten branches now, so now there is always a change in who is the leader out of the conglomerate,’’ he said.
The businessman disclosed that his latest business, restaurant La Maison, which is barely eight months old, is arguably one of the top eateries in the country.
Mr Blackmore admitted to picking his mother’s traits of making very good restaurants that meet the quest of many.
D-Black discloses that, together with his mother, a retired quality assurance manager at the Ministry of Tourism and Ghana Tourism Authority, he trained his restaurant staff to serve the best menu.
Latest Stories
-
Don’t let speed of information become your judgement – CJ tells new lawyers
16 minutes -
World Cup visa scandal: People have leveraged public office to facilitate fraud – Senyo Hosi
22 minutes -
Glut! Farmers count losses as prices crash, customers happy
57 minutes -
GSA postpones auction of unserviceable vehicles
59 minutes -
Man charged with attempted murder after stabbing
1 hour -
World Cup visa scandal: Senyo Hosi says issue goes beyond calls for Sports Minister’s resignation
1 hour -
Yaw Ampofo Ankrah hasn’t taken or received any money to facilitate visas – Lawyer insists
1 hour -
World Cup visa scandal: Senyo Hosi urges focus on constitutional accountability
1 hour -
La Beach demolition: Senyo Hosi condemns lack of consultation
2 hours -
Russian glide bomb attack on Zaporizhzhia kills at least 15 people
2 hours -
Jinapor warns underperforming energy sector CEOs of consequences, says no protection for failure
2 hours -
Fire destroys head of tipper truck on Lower Volta Bridge
2 hours -
Palmer signs new Chelsea contract until 2034
2 hours -
World Cup visa scandal: Mahama will act on corruption allegations – Abass Nurudeen
2 hours -
Abass Nurudeen accuses Minority of ‘scandal scavenging’ over World Cup visa controversy
2 hours