A call has been made to the various young entrepreneurs or business moguls to stop from their continuous habits of using their monies gained from their business investments to make unnecessary livings which would not bring them any benefit.
According to Public Financial Advisor at the State Interest and Governance Authority (SIGA), Mr. James Korsah Brown, it is a high time the young entrepreneurs to desist from living a flamboyant lifestyle at the peak of their businesses but focus and reinvest in the business they are running until they achieve success.
Mr Brown made the call when he was addressing the young business leaders and founders during a business summit held at Asikuama in the Asikuma Odoben Brakwa District of the Central Region.
The programme sought to launch a Business Incubation Hub with a theme: "Leadership Empowerment for Asikuma Odoben Brakwa District Growth.
The President of Dr. Kyeremateng Foundation, Dr. Michael Kwadwo Kyeremateng who launched the hub, admonished small business owners and entrepreneurs to take advantage of the current economic turmoil to revamp and grow their businesses.
According to Dr Kyeremateng who doubles as the Chief Executive Officer (CEO) of C4C Homeopathic Clinic, many businesses close down during economic tough times on a number of factors which include poor managerial skills and a lack of proper business strategies.
"However, there are a lot of opportunities in every hard situation young entrepreneurs can explore to expand their gains," he noted.
Dr. Kyeremateng indicated the hub is aimed at connecting the youth to potential funding and business development support services such as mentorship and coaching, market linkages, and network opportunities.
At the programme, the participants shared their experiences and also pledge to practice what they have learned from the program.