You don’t need funding before setting up business – McDan to young entrepreneurs

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You don’t need funding before setting up business – McDan to young entrepreneurs

Philanthropist and business tycoon, Dr Daniel McKorley, believes money should not be the original focus of establishing a business but rather the know

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Philanthropist and business tycoon, Dr Daniel McKorley, believes money should not be the original focus of establishing a business but rather the knowledge and skills of the person.

“Everybody wants money to start their businesses but it’s not everybody who can manage money properly you have to start from somewhere”, the Chairman of the McDan Group of companies pointed out.

“Some of us have taken the lead to support the youth but I just won’t give you money because you need money…I will give you money because I have seen something valuable in you and that business,” he told GhanaWeb Business.

He therefore advised entrepreneurs to take key principles and advantage of small beginnings to leapfrog their businesses, while having the right attitude to enhance their chances of securing the needed funding.

“When it comes to me, your business takes less than your attitude, so I invest in people instead of investing in business. Some people can have the best business ideas but they will not have what it takes to manage that business,” McDan explained.

Chairman of the McDan Group of companies, Dr Daniel McKorley, has entreated young entrepreneurs and startups to develop valuable solutions to attract the needed funding support to propel their businesses.

Speaking in an interview with GhanaWeb Business on the sidelines of the third Zongo Startup Summit held in Accra, McDan pointed out that the management of financial resources cannot be done by all entrepreneurs – a situation that has culminated in the collapse of many startups.

“To tell you the truth, the Zongo community is witnessing some change through education. Right now, every Zongo youth wants to be educated and this sends a positive signal for the next generation of youth from the Zongo who are poised to change the narrative about them”, he observed.

Source: Kapitalradio971.com//2023

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