{"id":39412,"date":"2023-04-11T07:55:28","date_gmt":"2023-04-11T07:55:28","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=39412"},"modified":"2023-04-11T07:54:38","modified_gmt":"2023-04-11T07:54:38","slug":"prince-ackuaku-urges-business-coaching-as-key-to-sustainable-msmes-in-ghana","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/prince-ackuaku-urges-business-coaching-as-key-to-sustainable-msmes-in-ghana","title":{"rendered":"Prince Ackuaku urges Business coaching as key to sustainable MSMEs in Ghana"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Mr Prince Ackuaku, a Business Development Coach, has encouraged the youth to seek support from coaches and specialists to have sustainable start-ups and Micro, Small, and Medium-Sized Businesses (MSMEs).<\/b><\/p>\n

He noted that business planning, research and hands-on training were very key in business survival apart from finance.<\/p>\n

In an interview in Accra, Mr Ackuaku, who is also a banker, indicated that MSMEs constituted about 85 per cent of businesses in Ghana.<\/p>\n

\u201cAs such their sustenance is critical to economic development and employment creation,\u201d he said.<\/p>\n

Mr Ackuaku was concerned that most MSMEs tend to fizzle out in a brief time due to a myriad of challenges, including access to finance and market, lack of proper bookkeeping and inadequate research.<\/p>\n

Mr Ackuaku, however, said those challenges could be surmounted when young people in business or those who intend to operate MSMEs seek assistance from business coaches.<\/p>\n

He said: \u201cA business coach is helpful in setting goals and developing a strategic plan over a certain period to achieve set targets. The coach will assist you get direction about your goal and clarify all the issues to be able to stay in business.<\/p>\n

\u201cThe coach also helps you to avoid the pitfalls…What the University gives you is a broad understanding of the business world and operations, but it doesn\u2019t automatically make you, a business graduate; that\u2019s why mentorship is important,\u201d he added.<\/p>\n

Mr Ackuaku encouraged young and start-up entrepreneurs to seek the assistance from business coaches, and not to sit back with the intention of getting a consultant to do things for them.<\/p>\n

The Business Development Coach called for the right environment to be created by the Government for MSMEs to thrive.<\/p>\n

\u201cMSMEs employ a lot of people, contribute to Gross Domestic Product (GDP) and production in the economy, and enhance the living standards of people.<\/p>\n

So, government policy and business regulations should be geared towards helping them,\u201d he said.<\/p>\n

He added that: \u201cIf it is business registration, we can say that when you\u2019re starting-up a one-page business registration can be done, then after six months or a year, then more elaborate registration can be done.\u201d<\/p>\n

He also called on the Government to support business incubation centres, whose work has also become critical for start-ups in recent years.<\/p>\n

Among others, the incubators, he said help people with bookkeeping, marketing, financial strategies, operational scale up, which is critical to business survival, therefore, must be encouraged.<\/p>\n

The Business Development Coach noted that there were opportunities to be explored in the agricultural sector, and the post Covid-19 period was bringing up more businesses in the hospitality, pharmaceuticals and travel and tour businesses, among others.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Mr Prince Ackuaku, a Business Development Coach, has encouraged the youth to seek support from coaches and specialists to have sustainable start-ups and Micro, Small, and Medium-Sized Businesses (MSMEs). He noted that business planning, research and hands-on training were very key in business survival apart from finance. In an interview in Accra, […]<\/p>\n","protected":false},"author":84,"featured_media":39411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-39412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nPrince Ackuaku urges Business coaching as key to sustainable MSMEs in Ghana - Ghana<\/title>\n<meta name=\"description\" content=\"Mr Prince Ackuaku, a Business Development Coach, has encouraged the youth to seek support from coaches and specialist ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/prince-ackuaku-urges-business-coaching-as-key-to-sustainable-msmes-in-ghana\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prince Ackuaku urges Business coaching as key to sustainable MSMEs in Ghana\" \/>\n<meta property=\"og:description\" content=\"Mr Prince Ackuaku, a Business Development Coach, has encouraged the youth to seek support from coaches and specialist ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/prince-ackuaku-urges-business-coaching-as-key-to-sustainable-msmes-in-ghana\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-11T07:55:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/04\/postQueueImg_1681182518.27.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1020\" \/>\n\t<meta property=\"og:image:height\" content=\"574\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/prince-ackuaku-urges-business-coaching-as-key-to-sustainable-msmes-in-ghana#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/prince-ackuaku-urges-business-coaching-as-key-to-sustainable-msmes-in-ghana\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Prince Ackuaku urges Business coaching as key to sustainable MSMEs in Ghana\",\"datePublished\":\"2023-04-11T07:55:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/prince-ackuaku-urges-business-coaching-as-key-to-sustainable-msmes-in-ghana\"},\"wordCount\":465,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/prince-ackuaku-urges-business-coaching-as-key-to-sustainable-msmes-in-ghana#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/04\/postQueueImg_1681182518.27.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/prince-ackuaku-urges-business-coaching-as-key-to-sustainable-msmes-in-ghana#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/prince-ackuaku-urges-business-coaching-as-key-to-sustainable-msmes-in-ghana\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/prince-ackuaku-urges-business-coaching-as-key-to-sustainable-msmes-in-ghana\",\"name\":\"Prince Ackuaku urges Business coaching as key to sustainable MSMEs in Ghana - 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