The Catholic Institute of Business and Technology has launched the third edition of its global MBA programme in impact entrepreneurship, to train graduates in career prospects and the start-up of new business opportunities.
Mr Fabio Petroni, Lecturer of the Altis Graduate School of Business and Society, said all the students who patronised the programme in the first and second editions were able to establish their own businesses and made significant advancement.
He said the students were able to increase revenue whenever they secured businesses and therefore entrepreneurs could assimilate their ways to success through the programme.
Mr Petroni said the Institute has matriculated 25 students out of the 45, who accepted the programme.
He said the reason for accepting a maximum of 45 students is because the Institute wants to be able to attend to each of them so that they could understand everything through easy interaction with the trainers.
He disclosed that the Institute has planned to create a platform for entrepreneurs who pass through their Institute in Ghana, Kenya, Ivory Coast and Uganda, to meet and share knowledge and ideas.
He said among the challenges entrepreneurs face in the country are access to reliable energy for their operations and fluctuation of the cedi.
Mr Petroni explained that the cedi is fluctuating because Ghana imports more than it exports and that makes the country buy more goods in foreign currency.
“However, most of the machinery and equipment used for operation in industries are not produced in Ghana leaving entrepreneurs and the government with no option than to import them,” he said.
He expressed gratitude of the Institute to the Royal Bank for sponsoring the programme and providing mentors to train the students.
Mr Philip Ayensu, Chief Executive Officer of Charter House, who shared 15 steps to his success with other entrepreneurs and participants at the launch, said it is not advisable for people to start a business with the primary objective of making money.
He said business operators should not forget to document their idea and business plan, adding that they should learn to build their business as a brand.
Mr Ayensu also told the entrepreneurs to hire the right people for their businesses, treat them well but not to be afraid to sack their best performing staff when they can’t manage them or when their attitude impacts negatively on others.
Dr Kwame Baah-Nuakoh, Senior Vice President, Strategic Planning Research and Corporate Affairs of the Royal Bank said the Bank believes that it is necessary to support the country through training more entrepreneurs to create jobs and reduce the rate of graduate unemployment.
Dr Baah-Nuako said he believes, supporting student entrepreneurs is a guarantee for the Bank to have future customers to boost their organisations.
He said Alhaji Adamu Iddrisu, Owner of the Royal Bank is also an entrepreneur who started from the scratch and later excelled through exhibiting good attitude and mentality towards his businesses.
He said sometimes, financial institutions are reluctant to support startup businesses because they are afraid of not getting returns; however, the Royal Bank believes that the Institute would bring the best to them.
The “Global MBA in Impact Entrepreneurship” is being organised by the ALTIS, Postgraduate School of Business and Society of the Catholic University of the Sacred Heart of Milan, Italy.
The programme aims to create an answer to one of the country’s most pressing needs of job creation.
The MBA programme open doors for participants in terms of career prospects and the start-up of new business opportunities.
