The Kufuor Young Entrepreneurs Network (K-YEN) has organised its first external training workshop aimed at coaching and teaching young entrepreneurs to develop their entrepreneurial skills.
The two-day training which was in collaboration with the University of Ghana Business School (UGBS) and the Skills Development Fund (SDF) was to help business owners secure some grants, support human resource, develop and manage their products and coach its members through the value chain process.
The session which began on Tuesday November 20, and ended on Wednesday November 21, 2018 hosted 15 entrepreneurs from various business fields at the Consir Executive Lodge in Accra.
In an interview with the Program Advisor of the JAK Foundation, Mr Gideon Hosu-Porbley said, “We are in some form of agreement with the UGBS to provide technical competence and we realised that the skills development fund gives grant to entrepreneurs so they agreed to partner the K-YEN so that they can prepare themselves and access the next window of grants on offer which is coming off in April next year.”
The two-day program
During the program, members of the K-YEN present at the program sat through eye-opening seminars from Professor Kwesi Tawiah Amponsah who is a lecturer at UGBS.
He introduced the gathering to a needs assessment form which contained certain details and a questionnaire the participating group needed to provide answers for.
This activity took place after the participants had gone through an in-house discussion on due diligence and reviewed the code of ethics for the entrepreneurs.
It was decided that for effective mentoring and coaching, a team from the network would visit the various premises, offices and factories of the young entrepreneurs and identify the right kind of support needed to develop the businesses to a certain level.
Subsequently, the network invited other speakers like Dr Kwame Adom, also a senior lecturer at the UGBS who spoke about the need to have a proper legal registration for the business and the fundamentals of doing business in Ghana.
There was also a mind-boggling food processing presentation from Ms Mavis Owureku-Asare who is a Senior Research Assistant in the Biotechnology and Nuclear Agriculture Research Institute at the Ghana Atomic Energy Commision (GAEC)
Also present at the workshop was the team from SDF, Mr Ebenezer Ato Simpson, The Fund Manager reiterated his outfits commitment to support K-YEN in receiving grants for their businesses.
He educated the gathering on the kind of initiatives the fund supports and how the entrepreneurs could benefit from the grant.
After series of questions raised from the group which were extensively answered by the team, the gathering agreed to follow the due process in obtaining a grant to the latter and hence join its next grant opportunity in April next year.
Rope in Other Entrepreneurs
Moving forward, Mr Gideon said that the network was looking at recruiting new members to also benefit from this initiative.
He added that the existing members would be made to mentor the new ones through the entire process moving forward to realise the vision of the network and to help more businesses as well.
The Kufour Young Entrepreneurs Network was launched in October 2018 to support young Ghanaian entrepreneurs to grow and develop the entrepreneurship skills.
Emanating from the John Agyekum Kufour (JAK) Foundation, this initiative was set up to assist, consolidate and build a sustainable enterprise through capacity building activities, like coaching, mentoring, training seminars and accessing finance, would establish local and foreign partnerships to further build the capacity of K-YEN members.
After several in-house discussions at the JAK foundation premises, the K-YEN hosted its first training workshop which invited other external speakers to educate it’s members to empower young entrepreneurs.