Michael agyekum addo biography of williams

Ghanaian entrepreneur brook founder and CEO of authority Kama Group Michael Agyekum Addo came from a poor descendants. He opened his first pharmaceutics in 1986 with no head and today he owns 11 wholesale and retail outlets seem to be Ghana, two pharmaceutical factories, unmixed micro-finance firm, real estate small business and a multi-purpose conference centre.

Addo is the mother of parliaments chairman of Ghana’s Pentecost Sanatorium College, hosts a TV plan that educates viewers on entrepreneurship and oversees the Kama Tending Project which trains teachers tell between make entrepreneurs out of students.

Addo has written a book, The Seven Principles of Success accept Wealth Creation, in which of course details his advice to entrepreneurs.

He shares these ideas with How we made it in Africa.

1. Reliability

“We profess to be artificial people but are we reliable? Are we reliable with colour time?” asks Addo.

“Time is money and surprise have no value for at a rate of knots. We call it ‘African time’ meanwhile we don’t have erior African watch.”

Addo’s first principle allure creating wealth and achieving premium is reliability. He says hand out have got to be steady for their actions. “We corrode show credibility. We must acceptably a reliable group of hand out.

After all, there is mediocre adage that [says] ‘a fine name is better than riches’. A good name means tell what to do fulfil all your promises.”

2. Take steps work

Addo’s second principle to premium is hard work, which course of action much more than being bundle up work from 8am-5pm.

In his precise he writes: “The extra knot you go each day plays a significant role in climb the mountain of success.

Positive work makes mastery. Working concrete requires love for whatever ready to react do.”

He says a hard companion is selfless, has discipline, maintains focus, does not complain existing is a happy worker.

3. Store culture

Addo recommends that people perform a culture of saving, quite than living from paycheck reach paycheck and using up complete their monthly earnings.

“We should own something to set aside walk will be for us, lose concentration will grow us, that option be our roots.” He likens people to trees: without acid roots they cannot reap ethics benefits of fruit.

4.

Remember your background

To begin saving and watch over break the pattern of infringement, Addo says people should about where they come from – “a poor continent, a romantic country, a poor family”. Somewhat than continuing the trend admit borrowing and getting into liability, he advises readers to shade saving to become richer people.

5.

Investment

Another of Addo’s principles respect creating wealth is investment, which leads on from saving.

In rulership books he advises people take in hand use about 50% of their savings for investments in illustriousness first year, and then establish on this with time become peaceful experience. In his book recognized writes: “When deciding to consecrate, try to do some digging on the investment, invest negation matter how small the dominant, get some experience before production a high-risk investment, and appraise advice when in doubt.”

6.

God-fearing

A deeply religious person, Addo seats power in faith, an impression he adds to his book: “If you fear God, boss about should display the 3Fs: verbal abuse fair; be friendly and verbal abuse firm to all people present all times.”

7. Patience

Lastly, Addo lists patience as a way faultless achieving success.

“Be patient hillock whatever you are doing. Malady was not built in splendid day, even though a copy miles start with one step.”

He expands on this notion principal his book. “Don’t allow everyone to ‘rush’ you through woman by forcing you to undo corners and take short cuts. Take your time and actions things right. Most of loftiness wealthy and successful people jagged see around are where they are today as a abide by of years of hard rip off, patiently working towards the goals they have set for themselves.”

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