Kuenyehia on Entrepreneurship


The need for change has never been greater.

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Elikem has written a book that deals with issues Ghanaian students can relate to. About principles they can apply within the environment they find themselves. He has carefully localised universal principles and made it accessible to the reader in ways that have never been done before.

The book is divided into fourteen chapters, from Introduction to The Business Plan. Even in the introduction, where Elikem discusses the History and Development of Entrepreneurship, he still finds ways to make it Ghanaian; defining Entrepreneurship in the Ghanaian context and thus setting the tone for the book in general. In this chapter he discusses such pertinent issues as the challenges young Entrepreneurs and start-ups are likely to face.

Are we not all tired of the Gates-Buffet-Dell examples? How many of us have not been put off by those names when we clearly know that the number of days it takes to open a business in the country these indiciduals come from is far lower than what we face as Ghanaians? Thus, it is refreshing to learn how people we know, in our communities, have worked around these obstacles.

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It gives hope that it can be done. He discusses this along the lines of equity financing, debt financing, trade credit, government and donor sources of funding, and government policies and access to finance. The last chapter of the book is on developing business plans.

The author took his time to elaborate on the requirements of a good business plan and what a business plan is supposed to do. To further help the reader, at the end of each chapter is a case study and a set of questions on the case to foster discussion… Also provided are notes and references that the astute student will find useful for further reading.

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'Kuenyehia on Entrepreneurship' is a ground-breaking resource for students of Entrepreneurship, focusing on local content from Ghana, one of the World's. In Kuenyehia on Entrepreneurship (RDF Business Series, ; ) by Elikem Nutifafa Kuenyehia with foreword by Sam Jonah, the author.

The thesis that the private sector is the engine of growth is well-documented with evidence to prove the claim. I had a boss with whom I did not share the same values and this affected my job significantly.

Kuenyehia on Entrepreneurship

As a result of that, I was keen to start an enterprise where I could imprint my own values. Values and the way an organisation does things are extremely important to me. I was lucky in that my initial financing requirements were very small. When I started my law firm, I only really needed my brain, a laptop and a small office space.

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This came from my last paycheck at the bank where I worked. Being true to this process means that I have surrounded myself with some of the brightest lawyers and managers I have come across and with whom I have shared values.

What have been some of the key challenges you have faced since starting your firm and how have you overcome them? For many high profile transactions, because of the sheer value of the transaction and the corresponding financial and other risks, clients tend to feel most comfortable with older law firms with a longer track record. This was particularly pronounced with potential local Ghanaian clients.