No one ever said it was easy being an entrepreneur. Whether you're in the early stages of your statrup, just secured funding for your startup or you are ready for product launch, there will always be those three components when you ask yourself if this whole entrepreneur thing is worth it. Instead of giving up and throwing-in the proverbial white towel, this forum will help in giving you all the motivation you need to achieve your result.
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ENTREPRENEURSHIP; AN ANTIDOTE TO UNEMPLOYMENT IN GHANA?
hopes of the several tens of thousands who graduate from our various
educational institutions each year are dashed due to the limited employment
opportunities in the public sector.
In order to provide alternative opportunities for
the graduates and others who are willing to venture into their own businesses,
government continue to provide the requisite support and incentives needed to
help them find their feet.
One such opportunity is the Presidential Pitch
Programme which on Monday supported 10 business start-ups owned by young
entrepreneurs, under the age of 35, with a total amount of GH¢350,000 .
In addition to the capital funding, the start-ups
would be supported through business incubation hubs and mentorship programmes
to enable them succeed.
The 10 entrepreneurs came top after an initial
screening of 2,000 applications during which they presented their business
ideas, ranging from agro-processing and agribusiness, technology, greenhouse
projects, housing and construction, to health, to a panel to justify why the
government should support their businesses.
Vanessa Aisha Lima, a 19-year-old, emerged the
winner of the programme and was given an amount of GH¢50,000, to support her agribusiness
start-up and received a further topped up of GH¢25,000 from President Nana Addo
The Ghanaian Times commends the government for the initiative which would give
these start-ups more than they could have achieved in the public sector as the
initiative has opened a window of opportunity for the young entrepreneurs.
We also celebrate the young entrepreneurs, who did
not rest on their oars, but dared to venture into entrepreneurship which some
adults were not willing to go near because of its associated risks.
Entrepreneurship is indispensable. Every economy
that has experienced rapid growth has had of a vibrant private sector. Ghana is
not an exception as the sector employs many youth.
As the President noted at the ceremony, the youth
of today, have to their disposal technology that they could leverage on to
excel in their chosen line of businesses.
Indeed Google, SnapChat, Instagram, twitter and
Facebook and other social media sites are themselves classic examples of small
technological tools for business start-ups that had grown to become mega
We share in the President's belief that small start-ups could grow to become
big companies and create sustainable jobs if they are given the necessary
support by the state.
As we commended the government for the support and
the entrepreneurs for the show of bravado, we need to ensure that the
investment do not go waste- that would be a financial disaster.
The government must put in place measures to
monitor the progress of the businesses and provide timely solutions to
challenges as they were bound to face.
It, is, in so doing that, we could celebrate
without any doubt that we are making the right investment.
We once again laud the government for giving the
young ones the capacity to fish and not give them fish for one. We look forward
to that day when more and more young people especially unemployed graduates
taking advantage of such opportunities to do something for themselves.
We look forward again to success stories from
these duding entrepreneurs in future.
Twenty percent of small businesses fail within their first year. Entrepreneurship is no walk in the park. In fact, the amount of new businesses that fail exceed the number that succeed. That’s why it’s more important than ever to create a unique product or service that helps you stand out from the rest.
However, don’t be discouraged. If you believe in your business, passion will prevail. On average, 75 percent of small-business owners are confident in their company. And why shouldn’t they be? They’ve turned their passion into profit. Yet, keep in mind it’s important not to be overly confident. Instead, take things one step at a time. Typically, 20 percent of small businesses fail in their first year, 50 percent in their fifth year and 70 percent after a decade of being in business.
A number of factors play into a business’s closing, such as location, the current market, cash flow and more. The number of reason most small businesses fail is due to cash flow, and California cities such …
Being a young entrepreneur is difficult, no matter where
you are from. But in Africa, the challenges are often far more emphasised.
Resources, financing, mentorship and supporting services are even scarcer. Yet
despite this, the continent’s youth unemployment is higher than elsewhere,
and for many young Africans, entrepreneurship is less of a choice, and more of
a requisite for survival.
year the Anzisha Prize, Africa’s premier award for entrepreneurs between the
ages of 15-22, identified a handful of young entrepreneurs who are
making it in Africa. Here are some of their tips for success. 1. The most important step is the first one
Nteff Alain is the winner of the 2014 Anzisha Prize and is the entrepreneur
behind GiftedMom, an e-content platform for pregnant women.
says having an idea is easy, but turning it into reality is a whole different
story. The wall of challenges an entrepreneur faces can quickly de-motivate
someone from following through on their vision. …
Mark Elliot Zuckerberg is an American computer
programmer and Internet entrepreneur. He is a co-founder of Facebook, and is currently its chairman and chief
executive officer. Zuckerberg
launched Facebook from his Harvard
University dormitory room on February 4, 2004 with college
roommates and fellow Harvard students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The group then introduced Facebook to other college
campuses. Facebook expanded rapidly, reaching one billion users by 2012. During
this time, Zuckerberg became involved in various legal disputes brought by his
friends and cofounders, who claimed they were due a share of the company based
upon their involvement during its development phase. Early
Life Mark Elliot Zuckerberg was born on May 14, 1984, and
grew up in the suburbs of New York, Dobbs Ferry. He was the second of four
children and the only son in the educated family. Mark’s father, Edward
Zuckerberg, is a dentist and mother, Karen Zuckerberg, is …
Étienne Arnault was born on the 5th of March 1949. He is a
French business magnate, an investor, and an art collector. Arnault is
the chairman and Chief Executive Officer (CEO) of LVMH, the world's largest
luxury-goods company. He is the richest person in France and the fourth richest
person in the world according to Forbes magazine,
with a net worth of $75.5 billion, as of March 2018. EARLY LIFE After graduation, Arnault joined his father's company,
in 1971. In 1976, he convinced his father to liquidate the construction
division of the company for 40 million French francs and to change the focus of the company to real estate.
Using the name Férinel, the new company developed a specialty in holiday
accommodation. Named the Director of Company Development in 1974, he
became the CEO in 1977. In 1979, he succeeded his father as president of the
company. CAREER In 1984, with the help of Antoine Bernheim, a senior
partner of Lazard Frères, Arnault acquired the Financière A…
Gates is an American business magnate, who co-founded Microsoft, the world’s
largest personal computer software company. He consistently rank in the top
list of the world wealthiest people, he is one of the world best known
entrepreneur of the personal computer revolution. He is also the world most
generous philanthropist, who has donated over $28 billion to charity. Here are
his top 10 rules for success. 1.Have
you are going to start a company you need so much energy that you use to
overcome your feeling of risk. At the beginning it’s going to look so scary
especially given that you don’t have any experience as in the case for most
startups, you are going to make a lot of mistakes but if you have so much
energy rushing through you, you will be able to overcome your mistakes and that
of your team, you will also be able to guide your team into achieving the
desired result because energy is contagious. 2. Have
a Bad Experience: Bill
Gates is a college dropout who d…