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Real estate is not just about buying lands or properties – John Sam (CEO of John Sam Realty) cautions investors

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In a recent social media post that has sparked significant conversation within the real estate industry, John Sam, the CEO of John Sam Realty, emphasised the enormous potential of real estate investment in Ghana. According to him, the sector remains one of the most lucrative investment opportunities in the country, but success heavily depends on having the right guidance and market understanding.

“Real estate is very lucrative, but you need a proper guide to help you scale through,” John Sam stated, highlighting a sentiment that resonates with both seasoned investors and newcomers to the industry.

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He further elaborated on the importance of partnering with experts who possess in-depth knowledge of the local market. In his view, real estate is not just about buying land or property it’s about understanding the dynamics of demand and supply, population growth, urban development trends, and government policies that affect property values.

“There are specific areas in Ghana that offer better returns than others, depending on what kind of investment you’re making—residential, commercial, or industrial,” he explained. “Without the right insights, an investor could end up tying up capital in areas that may not yield the expected returns.”

John Sam urged individual and institutional investors to carry out due diligence and seek the advice of professionals who are active within the market. He believes this step is crucial in avoiding common pitfalls and making informed decisions that align with both short- and long-term financial goals.

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Lifestyle

“Don’t build your business around people you know” NoVisa Foodplug CEO Warns

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CEO of NoVisa Foodplug, Samira Issaka, has advised entrepreneurs to be deliberate about identifying their target customers rather than depending heavily on friends and acquaintances to sustain their businesses.

According to the foodpreneur, familiarity can sometimes become a disadvantage in business because people who know an entrepreneur personally may not always treat the business with the seriousness required.

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She explained that friends and acquaintances may feel overly comfortable asking for favours, expecting discounts or failing to pay promptly for products and services, creating challenges for business owners who depend on their personal networks for patronage.

“Before I started my food business, I already knew the people who will become my customers and was deliberate about it,” she said in a social media post.

Samira’s comments emphasise the importance of understanding the market before starting a business. For her, entrepreneurs should identify people who genuinely need what they are offering and build strategies around serving those customers.

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She further referenced a food business located close to Nsawam, where customers are willing to travel a considerable distance to purchase food. She used the example to demonstrate that customers will go out of their way for a product or service when they believe the quality and experience are worth it.

However, she stressed that separating friendship from business should not become an excuse for poor customer service.

While entrepreneurs may choose not to rely on friends to drive their businesses, they must ensure that their actual customers are satisfied with their products and services.

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Her advice comes at a time when many young entrepreneurs rely heavily on their immediate social circles when launching businesses. Although personal networks can provide an important starting point, building a sustainable business requires more than having people you know as customers.

A clear understanding of the target market, consistent quality, good customer service and the ability to attract customers beyond one’s immediate circle can ultimately determine whether a business survives and grows.

For Samira, the lesson is simple: entrepreneurs should not confuse familiarity with loyalty, and they should build businesses around value rather than relationships alone.

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