Yesterday, the 6th of April 2017, the 2016 Presidential candidate of the Progressive People’s Party Dr. Papa Kwesi
Nduom, who doubles as the President of Group Nduom, a Ghanaian own conglomerate
delivered a lecture at the University of Professional Studies under the theme “how to become
a successful entrepreneur-From struggle to success” under his year and half long “Power Talk
Dr. Nduom thrilled students with how he started the first of the Coconut Group of Hotels
(Coconut Grove Beach Resort, Elmina) as the focal point of the lecture.
Dr Nduom first advised budding student entrepreneurs to start small with the little they have
and expect no manna to fall from heaven. He further pointed out the need for beginning
entrepreneurs to develop the habit of saving, investing and re-investing the little they have as
well as proceeds from their investment.
He made an intriguing remark uncharacteristic of most businessmen. Edwumawura as
popularly called, advised young entrepreneurs to “pay the government and try as much as
possible to stay away from the government”. He argues that, it is only when we pay our taxes
to the government as business owners that we can capacitate government financially in
creating the enabling environment including security for a stable government.
He also advised business owners to invest the training of their staff, for they remain a
sensitive part of their business.
Dr Nduom took everyone by surprised when he said; you cannot be a successful businessman
when you don’t have a peaceful and stable home. He advised young entrepreneurs to invest
also their effort in building a peaceful home.