IntroductionUnemployment in Ghana today is like a virus that seeps through healthy bodies and then ravaging them beyond repairs. Its effect is enormous. It can be -PhysicalEmotionalPsychologicalMental and the likesIf one is out of work you can expect the aforementioned behaviours.
•The result of this failure is that graduate unemployment in Ghana has gradually become endemic. •Contrary to the thinking that governments’ failure to create more jobs in the country is the sole reason for the high rate of graduate unemployment, I believe that the institutions that have been mandated to train these graduates for the job market have also played a huge role in denying the graduates they train the opportunity to be employed.
“THE SOLUTION TO OUR DWINDLING ECONOMY DOES NOT LIE WITH PROFESSORS, PROPHETS, POLITICIANS, BUSINESSMEN BUT ENTREPRENEURS”
Dreams Business Series•Building an entrepreneurial mind set•Identifying a business opportunity•Transforming your business opportunity into an dream business•Writing a marketable business plan•Sources of Small Business Finance•Starting your dream business•Strategies for surviving in a competitive environment
WHO IS AN ENTREPRENEUR
“Much of our American progress has been the product of the individual who had an idea; pursued it; fashioned it; tenaciously clung to it against all odds; and then produced it, sold it and profited from it.” --Hubert Humphrey, 1966
Who is this “Man”•He was born on September 9, 1890•In 1895, his father came home with a fever and died later that day•At age 5, he was required to look after and cook for his siblings•By the age of 7, he was skilled with bread and vegetables, and improving his meat cooking•At 10, he began to work as a farmhand for some local farmers
•At 12, he dropped out of seventh grade•At 13, he finally left home and took a job painting horse carriages•At 16, he joined the army •By 17, he had already lost 4 jobs•He got married at 18•Got divorced at 20•He later became a cook and a dishwasher in a Shell Service station and in 1930 took over the business•In July 1939, he acquired a motel and the motel was destroyed in a fire by November
•He had the motel rebuilt with a 140-seat restaurant•By July 1940, he had finalized his "Secret Recipe" for frying chicken in a pressure fryer•The war forced him to close down his motel•At 65, he finally retired and received a cheque of $105.•He tired committing suicide but wasn’t successful•By the time of his death, there were an estimated 6,000 KFC outlets in 48 countries worldwide
Richard Cantillon, France (1680-1734)•Generally acknowledged as the first to use the word “entrepreneur” in a commercial sense – he coined entrepreneur(undertaker)or from the root word entreprendre).