Business News of Saturday, 28 October 2006

Source: GNA

Seminar for SMEs and businessmen ends

Kumasi, Oct. 28, GNA - A day's seminar aimed at sensitising Small and Medium-Scale enterprises (SMEs) and businessmen in the Ashanti region on the need to adopt comprehensive practices with the view to ensuring a speedy growth of their businesses ended in Kumasi on Friday. The seminar, which was organised by the Unique Trust Financial Services Limited, among other things, was also to seek closer working collaboration among the participants to enable them to respond effectively to their various needs.

It was on the theme, "Small-Scale and Family Business: Successes and Failures".

In an address, Mr Prince Kofi Amoabeng, Chief Executive Officer of Unique Trust Financial Services Limited, decried the lack of effective time management on the part of Africans and the business community.

This, he said, had resulted in the slow pace of the continent's socio-economic development and the effective utilisation of her natural resources as there was no conscious effort to keep to time in most business activities.

Mr. Amoabeng therefore, charged stakeholders in the continent's development especially the business community to be proactive in campaigning against this negative attitude to ensure the best possible solutions to Africa's financial and socio-economic problems. He further cautioned businessmen to be disciplined, honest and truthful to their clients in order to improve upon their relationship with them, whiles expanding their businesses.

Mr. Amoabeng admonished businessmen to always perceive their clients and customers as an integral part of their business entities and as a result make conscious effort to identify and address their needs. Nana Brefo Boateng, Executive Secretary of the Otumfuo Education Fund, commended Unique Trust Financial Services Limited for organising the seminar to build the capacity and improve upon the skills of small-scale entrepreneurs in order to facilitate the growth of their businesses.