Be Financially Disciplined – Entrepreneurs Told

Richard Nii Armah Quaye, Quick Angels CEO

Richard Nii Armah Quaye, Chief Executive Officer (CEO) of Quick Angels Limited, has advised entrepreneurs to cultivate the virtue of being financially disciplined.

According to him, for any entrepreneur to succeed, the fundamental foundation was discipline.

He disclosed this at the 3rd edition of the Ghana Investment Promotion Centre (GIPC’s) Entrepreneurs Forum held in Accra.

Speaking at the event under the theme: Grow, Accelerate, Lead, Mr. Quaye said entrepreneurs only succeed when they do proper management of their finances.

‘’Most entrepreneurs are not succeeding not because of lack of funding but rather financial indiscipline. The misappropriation of funds by some entrepreneurs is a major reason they do not survive, he opined.

He added that an entrepreneur can have all the brilliant ideas, the skills, the funds and expertise or expert advice, however if he or she is not disciplined financially they will end up nowhere.’’

Speaking on the GIPC partnership, Mr. Quaye noted that GIPC‘s role or focus on nurturing and mentoring entrepreneurs is a laudable initiative.

He added that it was in line  with Quick Angels’ vision  of supporting potential and existing entrepreneurs as well as businesses that want to expand with equity financing ,mentoring and giving expert advice hence the need to support such a venture .

“The best funding for any start up should obviously not be debt finance”, he said.

He recommended Angel investing as the best funding model for any start up business.

Quick Angels Limited is the first and formally institutionalized angel investor company in Ghana that seeks to support potential and existing entrepreneurs as well as business with equity financing.