Tuesday, January 22, 2013

How to Make it in Ghana

I just had a long fascinating conversation with an older business man, here are a few things that stuck in mind.

1) Get experience when you are young, this is when you make others rich
2) Make yourself rich/comfortable by doing something you enjoy (your own business)
3) Sometimes in business money may not be the most important pay ( shares may be smarter in the long term)
4) In business one needs to have a good reputation to succeed
5) One needs access to the people that matter
6) Ghana is a patronage economy and the wealth is concentrated
7) Whats important is to visualise when or what you want to be and go for it
8) You never know what knowledge others (especially older people) have - network and use them

I must say taking the unconventional route and working for yourself is not for the faint hearted but the rewards can be great. I hope more Ghanaians and Africans would be more entrepreneurial. I personally will be taking this advice on board and applying it to my businesses. 

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