What You Need to Know about Successful Businesses – Entrepreneur shares at Barcamp Wa.

What You Need to Know about Successful Businesses – Entrepreneur shares at Barcamp Wa.

Looking for a job in Ghana in recent times has become a very daunting task. The six public universities and private ones churn out over 7,000 graduates each year. The polytechnics, training colleges and other tertiary institutions also churn out 120,000 graduates each year. According to a study conducted by the department of Economics of the University of Ghana, out of the 120,000 fresh graduates churned out each year, only 25% are absorbed into active employment. The 75% simply don’t have the opportunities available for employment. This backlog keeps pilling to gargantuan levels.

Breatkout session at  Barcamp Wa.

Breakout session at Barcamp Wa.

One major solution to the unemployment canker in Ghana is entrepreneurship. Entrepreneurship is the development of business from the ground up; coming up with an idea and turning it into a profitable business. The entrepreneurial spirit is characterized by innovation, risk-taking and determination. Entrepreneurship has become an essential part of young people’s ability to succeed in this ever changing and increasingly competitive global marketplace.

The above informed the discussion at the first ever BarCamp held in the capital of the Upper West region of Ghana, Wa. The theme for the event was, “Entrepreneurship for economic security”. BarCamp is a participant driven discussion forum where ideas are shared and businesses nurtured. It is part of the BarCamp Ghana program organized by the GhanaThink Foundation to create a network of change makers and doers in Ghana.

The event brought together entrepreneurs, students, lecturers, among others to discuss the theme and ways to start an entrepreneurial idea.

The lead speaker for the discussion who is also a co-owner of Spicy Kitchen (a restaurant in Wa), Alhaji Nur Danwaana shared his experience on setting up and maintaining a business. He mentioned the importance of having a feasible business idea and getting a market for that idea. “Not all ideas are going to work. The fact that this idea worked in Wa, doesn’t mean it would work elsewhere. Make sure you have a target market for your business idea before you begin.” He added.

 “Not all ideas are going to work. The fact that this idea worked in Wa, doesn’t mean it would work elsewhere. Make sure you have a target market for your business idea before you begin.”

Alhaji Nur Danwaana further stressed the importance of hard work and determination. Hard work and determination would take your ideas to great heights. He cited an example of his wife who is the co-owner of their restaurant - “My wife has a PhD and yet whenever she visits our business, she works as an ordinary worker at our restaurant. She goes to the kitchen and helps out with food orders. This is what I call passion and hard work for your entrepreneurial business. If you don’t do it, who would you expect to work for you?” he further reiterated.

“My wife has a PhD and yet whenever she visits our business, she works as an ordinary worker at our restaurant. She goes to the kitchen and helps out with food orders. This is what I call passion and hard work for your entrepreneurial business. If you don’t do it, who would you expect to work for you?”

BarCamp Wa was organized by the GhanaThink Foundation with support from Tigo Ghana and Making All Voices Count (MAVC).

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This is post was written by Rachel Hormeku, the Marketing Lead for Barcamp Ghana.

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