Enablis Ghana has trained 80 small and medium enterprise (SME) managers in business management in Accra as part of the ABL/UT Bank Business Launchpad - 2012/2013 which was launched in August this year.
The competition provides an opportunity for entrepreneurs to gain invaluable expert training and advice to take their small businesses to the next level. The competition which attracted entries across different industry sectors across the country, aims to develop a platform to seek entrepreneurs with the best potential and with the most innovative ideas. These entrepreneurs can become the new and leading commercial and social entrepreneurs of the future.
This year Accra Brewery Limited partnered UT Bank as co-title sponsors of the Launchpad. This is a demonstration by the two companies of their commitment to contribute to the growth of Ghana's economy by investing in Ghanaian entrepreneurs and helping provide a platform for practical solutions to business growth.
By this ABL and UT Bank is helping nurture SMEs into creators of wealth and employment. Other sponsors include Graphic Communications Group, Citi-FM, Business and Financial times (B&FT), DDP Outdoor Limited, Graphicolor and Net Hope and Voltic.
The second phase of the competition was a two-week workshops organized to train selected entrepreneurs who have already submitted the summary of their business ideas in phase one.
Eighty (80) entrepreneurs participated at the UDS Guest house from 8am to 5pm each day, 19 ladies with 61 gentlemen, an improvement on last year's which had 45 participants including 2 ladies.
The training sessions were led by Professor John B.K. Aheto. Other trainers included Pearl Essua-Mensah, Daniel Torvinyo, AkatureAnia, and Michael Effah.
ABL CEO Gregory Metcalf, Speaking at the graduation Ceremony said "...it is not stupid to have an idea...because some very significant people in the past had seen impossibilities even in very possible things..."
A speech read on behalf of Pearl Essua- Mensah (DMD UT Bank) mentioned that UT started as an SME and believes that SMEs do have the capacity to grow. The two companies jointly presented Certificates of Participation to the participants and listened to them as they shared experiences from the 10 days intensive training in business management.
For the next phase, participants will write and submit Complete Business Plans on 14th December, 2012 to be reviewed by a panel of Judges after which selected participants will be invited for a presentation to a panel of judges for a final selection.
The final Awards Ceremony will be held in March 2013 where the named winners will be celebrated.
Winners will receive expert business coaching provided by Enablis as well as various cash and non-cash prizes from Competition Partners. The prize package for the winners is expected to alleviate the high failure rate that is typical among newly established small businesses.