“YOU CAN RAISE CAPITAL IN THIRTEEN DIFFERENT WAYS” CALEB AYIKU
The guest for the second edition of the Role Model Africa Corporate Dialogue addressed the theme “Financing the African Business”. Caleb Ayiku, who is a corporate trainer, business coach and entrepreneur drew insight from his rich experience in business in addressing the concerns of participants. He has strong business development skill; he is a strong leader with exceptional strategic, communication and networking skills capable of building teams for flawless execution of business strategies. He is the founder of the renowned management consultancy, Breakthrough Consult and a co-founder of the Camarie Group and Rex Oil, an Oil Marketing Company in Ghana. Caleb has worked in a number of corporations across the continent, where he has gained key experiences and knowledge in business. He is a former Managing Director of Engen Ghana, Engen Kenya, Engen Tanzania, Herbalife and Oando Ghana. He is a Chemical Engineer by profession and offers career and life coaching to young and aspiring leaders and entrepreneurs. Caleb is also a Management Consultant, and has trained and consulted with several corporations including Barclays Bank, Citi FM, Enterprise Insurance and FEDEX. He is also an author books covering the areas of business, motivation and health.
Caleb, during the dialogue, educated the audience on the nuances of entrepreneurship and business. He emphatically stated that, the path to financial success requires a multiple stream of income. Hence, the need for entrepreneurship, exploring new ideas and transforming the ideas into profitable ventures. He postulated that, every business must have a business plan. He described a business plan as a document that spells out how you want to implement your business ideas. “As one who wants to start a business it is imperative to have a business plan.” He added that a business a business plan is the surest and best way to secure way to secure credit.
He further took the participants through some ways of securing funding to start a business and expanding it. According to him, raising capital as an entrepreneur is one of the many challenges faced and not the only one. The sources of funding, he mentioned include: one’s own money, through partnerships, free money from family and friends, loans form family and friends, loans from financial institutions, venture capitalists and private equity funds, angel investors, listing on the Ghana Stock Exchange and benefitting from government programs and from donors.
Caleb, in the course of the dialogue spoke against the Ghanaian mentality of wanting to own a business solely. He thus encourages partnerships among businesses. He urged the youth to learn to collaborate in partnerships in doing business. He stated that, “There is magic in partnership” he said as the discussion came to a close, stressing that, “credibility is the currency of business”. In a more compelling tone, he instructed all who have business ideas to start their businesses. He encouraged them not to be afraid of failure, but rather embrace it in order to learn new ways of doing things.
The Role Model Africa project comprises a variety of packages including an Exclusive One-on-One mentoring session, the Business Mentoring Class, the Mentoring Hubs on the various tertiary institution campuses and the Corporate Dialogue. The maiden edition of the Role Model Corporate Dialogue was held on Sunday 27th September 2015 under the theme, “Doing business with Integrity”. Dr. Samuel Onwona, an Ex-World Bank official was the role model for the first edition.
Role Model Africa, is a mentoring platform that seeks to engage African personalities whose influence span beyond Africa. The initiative, a project organized by INVENTS on a quarterly basis is designed to identify African personalities whose contributions to the continent and beyond are worth emulating. In a story telling format, a guest (role model) is engaged in a discussion by a host to a live audience. The dialogue engages the personality of the individual together with their corporate experiences.
The dialogue was moderated by Dr. William Okyere-Frempong a medical doctor by training and the country Chief Executive Officer of the HuD. The Co-founder and C.E.O. of Galaxy Capital, Mr. Samuel Bright-Kaitoo delivered the keynote address to start off the dialogue. He emphasized in his address, the role of mentorship in national development. He cited examples of some noteworthy individuals who attained notable feats by reason of their association with mentors. He mentioned Facebook owner Mark Zuckerberg was mentored by Apple founder Steve Jobs. In a similar fashion Bill Gates was mentored by Warren Buffet. He further encouraged the participants to submit to role models in humility.
There were other high profile individuals present at the Corporate Dialogue, they included Mr. Martin Luther King (C.E.O., Journalist for Regional Integration), Henry Afrifa (Migrations Officer, British High Commission), Johannes Akuffo (C.E.O., ASN Financial Services), John Ntim Fordjour (2016 Parliamentary candidate), Edem Adzaho (C.E.O., Spec Consults) among others.
INVENTS Co-founder, Samuel Agyeman-Prempeh expressed excitement at the many young people who were present at the dialogue. He also announced that plans are underway to connect young people with mentors of different backgrounds. Mr. Agyeman Prempeh used the opportunity to award some executives who have been dedicated in their service to raising magnates and dynamic leaders across the continent. In concluding, he excitedly announced the date for the next edition to be on Sunday, 22ndMay, 2016. Further details will be made available in the press, he assured. The date for the next edition was announced to be on Sunday, 22nd May, 2016 at 3pm under the theme “Employing the media to sustain the African Business”.
Role Model Africa is an initiative by INVENTS, a mentoring organization that focuses on raising young people as Leaders and Entrepreneurs before they turn 25. Since October 2007, Invents has been consistent in using personal Leadership models and projects to reach out to millions of young people. Our flagship programs include: She Magnate Project and Ideas Pulpit. Our events have attracted remarkable personalities such as Bishop N.A. Tackie-Yarboi; Founder and Presiding Bishop of VBCI, Dr. Yaw Perbi; Global C.E.O. of the HuD Group, Dr. Mrs. Ellen Hagan; Founder and C.E.O. of L’aine Services, Mrs. Comfort Ocran; Co-Founder of Legacy & Legacy, Dr. Samuel Onwona; Former World Bank Official, and Mr. Caleb Ayiku: Co-founder of Rex Oil..