Business strategist proposes mergers for SMEs

The Chief Executive Officer of Breakthrough Consult, Caleb Ayiku has advised Small and Medium scale Enterprises (SME’s), to merge with already established businesses to promote their businesses and expand their capital.

According to him, most SME operators tend to rely solely on their profits which is not enough to push their businesses, forcing the sudden closure of such enterprises even before they are fully established.

Speaking to Citi Business News at the sidelines of the launch of the third SME Summit in Accra, the Business Strategist said SME’s must learn to rely on bigger companies to excel in the business realm.

“One of the ways in which all businesses can develop and grow in terms of capital is to go into partnerships and the platforms that we are creating actually encourages these partnerships. As such, when people attend these engagements, we encourage them to look out for someone who is doing something similar and see how you can partner with the person,”

“Sometimes people don’t feel safe when you talk about partnerships but get into a kind of alliance with somebody else and that skill is what ultimately ensures you more profit moving ahead,” Mr. Ayiku added.

About Vodafone African SME summit

This year’s Vodafone African SME summit is under the theme, “Entrepreneurship Becoming a Ready business”.

The summit aims at enhancing the business opportunities of small and medium enterprise owners.

The summit will take place from 13th -14th of October at the College of Physicians and Surgeons in Accra and will focus on various keys to make a successful business operator.

By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana

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