Entrepreneur, Founder and CEO of McDan Group of Companies, Daniel Mckorley, has counselled budding entrepreneurs to eschew the attitude of seeing more problems than solutions as an excuse not to succeed.
He said there are more opportunities in the business world, in Ghana, now than previously and asked small and medium enterprises (SME) to brace up and take advantage of the current environment.
“SMEs coming up now see more problems than solutions. I believe that if we changed our focus by seeing solutions rather than problems, we will succeed.”
The respected entrepreneur shared the view as part of a panel on: SME Scale Up and Expansion: The Realities, Challenges and Success Stories at the maiden edition of the SME CEO Summit in Accra.
The growth of the SME sector has over the years, been challenged by a myriad of factors including financial, structural and managerial. A number of initiatives have sought to address these identified challenges militating against their scaling up.
But McKorley is advocating “the right attitude” towards business by attaching discipline to decision-making alluding to how he, early on in his business, took on the role of the accountant, hiring of personnel as well as customer service, which robbed the business of professional service.
He said about 70 to 80 percent of Ghanaian businesses collapse immediately they begin to scale up because they don’t want to taste “organic growth.”
“Before you can survive as an SME, you need systems and structures without which you can never scale up” he stressed.
The McDan boss was convinced the influx of businesses from China and India, among others, was ample evidence that “we have a serious economy”.
He advised entrepreneurs to put their businesses ahead of them disclosing that he had remained behind the scenes to allow his company to grow until some few years when people got to know he was behind McDan.
“It was only two years ago that people started hearing about me, but I have been there for 28 years” McKorley revealed.
By Godfred Tawiah Gogo