‘Entrepreneurs need vision and focus’

Asare-Adjei PixEntrepreneurs must structure their visions properly and focus on developing them to grow their businesses, James Asare-Adjei, president of the Association of Ghana Industries (AGI), has said.

“You must have vision and stick to that, since this will help you to identify opportunities and problem around it to make money,” he explained.

A GNA report said Mr. Asare-Adjei was speaking at the Enhancing Growth in New Enterprises (ENGINE) scale up IV Awards ceremony, in Accra.

ENGINE is a business plan competition and entrepreneurship development programme to award the most promising 100 entrepreneurs with funds to help them in financing the needs highlighted in their business plans and to refine the business model for them.

It is a four and half year project being implemented by Technoserve, with funding from the UK, and it seeks to equip micro, small and medium enterprise with the necessary skills and resources to improve their business plan and internal operations.

The awards are divided into three tiers; with tier one awardees receiving £6,000, tier two taking £3,000 and tier three awardees receiving an aftercare package.

He said the entrepreneur’s personal commitment to work was a key ingredient to business growth and development.

The AGI president, therefore, called on the awardees to use the power of synergies to improve on their business operations to develop the economy.

He said AGI, as an association, was dedicated to policy advocacy to advance the growth and development of industries, providing members with a vast network of contacts, especially in the West African sub-region.

Mr. Samuel Baba Adongo, Acting Country Director, Technoserve, said tier one and tier two category winners would be receiving an additional 12 months aftercare in the form of mentoring, networking and other business development services.

He said the aftercare would also provide support to firms and foster an environment where start-ups and early stage ventures would network among themselves to share ideas.

He said in the future, the management of the programme wanted to see businesses and ideas that would champion the transformation and impact on the economy.

 

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