Sylvia Tweneboah- Koduah, CEO, Women In Entrepreneur Awards, has shared information on how people interested in being entrepreneurs can do it.
Explaining the word entrepreneur and what is means, she stated that the word is a French word coined into an English word which simply means, anyone who has started a business on his or her own and is ready to take the risk of loosing money, with the hopes of enjoying the profit he or she makes out of the business.
“So anyone who starts a business on his or her own is an entrepreneur and yes anybody can become an entrepreneur” she emphasized.
Talking to Mercy Bee the Ekumfi Princess on e.TV Ghana’s Girl Vibes show she said, “Today entrepreneurs are seen everywhere because people did not really like it in the beginning and growing up, it was not something a lot of people were proud of. A lot of people preferred working for others rather than for themselves”.
She however stated that, currently times have changed and people are getting to know and understand how it works and the benefits that comes with it hence everyone wanting to venture into it now.
“One of the advantages that comes with being an entrepreneur is that you can choose to pay yourself at anytime but, if you’re being paid by someone else you do not qualify to be an entrepreneur” she stated.
Sharing details on how individuals can also become entrepreneurs she stated that, “You first of all have to identify an opportunity or a problem. For example, in an area where lots of people reside but lack water. You can start a business of selling water because it is a necessity in that area and it will sell if sold in such a place”.
Sylvia also indicated, that while some people actually inherit the type of businesses their into from their families, some can also develop their talents and passion into a business and become entrepreneurs.
She advised people who wish to become entrepreneurs to first identify what they want to do and, “Investigate and seek more knowledge about it, then find out how much it will cost you to start, if you really have the strength it takes to do it, for how long you can do it and how much you will need to keep it going” she said.
By: Gyamfuah Owusu-Ackom