{"id":56194,"date":"2023-10-07T07:08:56","date_gmt":"2023-10-07T07:08:56","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/the-thin-line-between-smes-and-corporate-growth-ama-bawuah"},"modified":"2023-10-07T07:53:53","modified_gmt":"2023-10-07T07:53:53","slug":"the-thin-line-between-smes-and-corporate-growth-ama-bawuah","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/the-thin-line-between-smes-and-corporate-growth-ama-bawuah","title":{"rendered":"The Thin Line Between SMEs and Corporate Growth \u2013 Ama Bawuah"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>In a remarkable and insightful address at the recent Vodafone Micro and Small Enterprises (MSEs) seminar in Accra, Ama Bawuah, the distinguished Board Chair of Access Bank, shared invaluable wisdom and strategies aimed at elevating SMEs from \u201cgood to great\u201d. The seminar, themed \u201cGood to Great with Vodafone: Innovate, Comply, and Expand,\u201d provided a platform for SMEs to gain a deeper understanding of the tools necessary to navigate the challenging business environment successfully.<\/b>
\nThinking Corporate, Acting Agile<\/b><\/p>\n

Ama Bawuah\u2019s central message resonated with the audience, as she stressed the pivotal role of structured operations in SMEs. \u201cStructuring one\u2019s SME is key to its success,\u201d she affirmed. She encouraged SMEs to adopt a formal structure while preserving the agility that makes them unique. Her mantra: \u201cThink like a Corporate, Act like a Corporate but Operate like SMEs,\u201d captivated the essence of balancing corporate best practices with the nimbleness of small businesses.<\/p>\n

Organized annually by Vodaphone Business, the forum usually attracts business captains operating in the private section with small turn-overs<\/p>\n

Research and Communication Excellence<\/b><\/p>\n

Recognizing the importance of staying well-informed, Bawuah urged SMEs to delve into research within the banking sector to align their strategies effectively. She emphasized that robust communication, both internally and externally, is non-negotiable in today\u2019s fiercely competitive business landscape.<\/p>\n

Setting Targets and Realistic Goals<\/b><\/p>\n

Drawing from her wealth of business experience, Ama Bawuah underscored the significance of setting clear targets and milestones. She implored SMEs to ask themselves critical questions like \u201cWhat can we achieve in the next year or two?\u201d and \u201cWhat resources do we need to reach our goals?\u201d In addition, Bawuah reminded attendees that SMEs typically achieve break-even status after five years of existence, urging them to set achievable, realistic targets.<\/p>\n

Financial Prudence and Planning<\/b><\/p>\n

On the topic of financial goals, Bawuah encouraged business owners to identify their target clients and strategize on how to reach them effectively. She emphasized the importance of sourcing raw materials efficiently. Furthermore, she advised SMEs to set revenue targets that are both challenging and attainable, providing guidance for future growth.<\/p>\n

The Governance Advantage<\/b><\/p>\n

Ama Bawuah dismantled the misconception that governance structures are dispensable for SMEs due to their size. She illuminated the benefits of having a board in place, which can offer invaluable advice, facilitate networking opportunities, ensure adherence to state laws, and provide a strategic vision for the business. A board, she asserted, can be the compass guiding an SME\u2019s journey towards growth and sustainability.<\/p>\n

Monitoring for Excellence<\/b><\/p>\n

Bawuah\u2019s counsel extended to the importance of daily monitoring activities and understanding employees\u2019 work plans and execution. She advocated for the implementation of weekly staff meetings as a vital practice for fostering growth within SMEs.<\/p>\n

Ama Bawuah\u2019s address left an indelible mark on the seminar attendees, inspiring them to apply these strategies in their own enterprises. Her profound insights bridged the gap between SMEs and corporate success, and her mantra echoed in the hearts of the audience, motivating them to think, act, and operate with excellence. The seminar\u2019s overarching theme, \u201cGood to Great with Vodafone,\u201d encapsulated the aspiration of every SME striving for innovation, compliance, and expansion in today\u2019s dynamic business landscape.<\/p>\n

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

Africa-Press – Ghana. In a remarkable and insightful address at the recent Vodafone Micro and Small Enterprises (MSEs) seminar in Accra, Ama Bawuah, the distinguished Board Chair of Access Bank, shared invaluable wisdom and strategies aimed at elevating SMEs from \u201cgood to great\u201d. The seminar, themed \u201cGood to Great with Vodafone: Innovate, Comply, and Expand,\u201d […]<\/p>\n","protected":false},"author":84,"featured_media":56193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-56194","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":"\nThe Thin Line Between SMEs and Corporate Growth \u2013 Ama Bawuah - Ghana<\/title>\n<meta name=\"description\" content=\"In a remarkable and insightful address at the recent Vodafone Micro and Small Enterprises (MSEs) seminar in Accra, Am ...\" \/>\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\/the-thin-line-between-smes-and-corporate-growth-ama-bawuah\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Thin Line Between SMEs and Corporate Growth \u2013 Ama Bawuah\" \/>\n<meta property=\"og:description\" content=\"In a remarkable and insightful address at the recent Vodafone Micro and Small Enterprises (MSEs) seminar in Accra, Am ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/the-thin-line-between-smes-and-corporate-growth-ama-bawuah\" \/>\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=\"2023-10-07T07:08:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-07T07:53:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/10\/sm_1696652486.659162.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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=\"3 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\/the-thin-line-between-smes-and-corporate-growth-ama-bawuah#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/the-thin-line-between-smes-and-corporate-growth-ama-bawuah\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"The Thin Line Between SMEs and Corporate Growth \u2013 Ama Bawuah\",\"datePublished\":\"2023-10-07T07:08:56+00:00\",\"dateModified\":\"2023-10-07T07:53:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/the-thin-line-between-smes-and-corporate-growth-ama-bawuah\"},\"wordCount\":553,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/the-thin-line-between-smes-and-corporate-growth-ama-bawuah#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/10\/sm_1696652486.659162.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\/the-thin-line-between-smes-and-corporate-growth-ama-bawuah#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/the-thin-line-between-smes-and-corporate-growth-ama-bawuah\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/the-thin-line-between-smes-and-corporate-growth-ama-bawuah\",\"name\":\"The Thin Line Between SMEs and Corporate Growth \u2013 Ama Bawuah - 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