The Chief Executive Officer (CEO) of Quick Angels Limited, Richard Nii Armah Quaye, has stressed on the need for entrepreneurs to be financially disciplined in order to become successful.
Speaking at the 3rd edition of the Entrepreneurs Forum organised by Ghana Investment Promotions Council (GIPC), Mr. Quaye said entrepreneurs only succeed when they do proper management of their finances.
“Most entrepreneurs are not succeeding because of a lack of funding rather, financial indiscipline. The misappropriation of funds by some entrepreneurs is a major reason they do not survive, he noted.
Touching on the theme ‘Connect, Accelerate and Grow,’ the Quick Angels CEO added that an entrepreneur can have all the brilliant ideas, the skills, the funds and expertise “however, if he/she is not disciplined financially, he/she will end up nowhere.’’
Mr. Quaye lauded the initiative by the GIPC to focus on nurturing and mentoring entrepreneurs. That he indicated, is in line with Quick Angel's vision of supporting potential and existing entrepreneurs as well as businesses that want to expand with equity financing, mentoring and giving expert guidance.
"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 institutionalised angel investor company in Ghana that seeks to support potential and existing entrepreneurs as well as businesses with equity financing.