Proposal For A Business Support And Training Center

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The strategy is to supply concern support and preparation in countries such as Marketing, Records Keeping, Accounting, Credit Management, Skill Development/Capacity Building, Product/Service Development, Labour Management, and Technology Transfer among others.

The challenges of Globalization, Inadequate Credit, High Lending Rate, Inadequate Infrastructural Support, Macroeconomic Instability, Poor Marketing, Rigid Regulatory Framework, Expensive Skilled Labour, Inadequate Technological Support, and Poorly Organized Data on entree to Finance hinder the growing and enlargement of SMEs in Ghana and other developing Countries. The Center seeks to supply support services in these countries.

The Center will besides move as a Research and Media Review Center.

The Center ‘s slogan or saloon line is “ raising the saloon ” .

The Team will run under an Organization to be known and named as BUSINESS SUPPORT AND TRAINING CENTER with its Headquarters in ACCRA. The Team will be headed by a “ Executive CHAIRMAN ” and the daily operations will be managed by an Executive Director with support from the followers ; Associate Executive Director, Programs Manager, Research Coordinator and an Administrative Secretary.

The group will supply all its services free of charge to all established SMEs but charge to retrieve cost for all commercial ventures.

It is envisaged that the strategy will bring forth support for its activities from International and Local Donor Agencies, Government and Non-Government Institutions with similar aims, Private Enterprises among others. We besides expect that the initial support will come from the EXECUTIVE CHAIRMAN and his/her associates of the Organization.

2.0 Justification

Small and Micro Enterprises ( SMEs ) are the anchor of many economic systems in Sub-Saharan Africa ( SSA ) and keep the key to possible resurgence of economic growing, occupation creative activity and the decrease of poorness on a sustainable footing.

The issue of supplying equal managerial, proficient and fiscal support to Small and Micro Scale Enterprises ( SMEs ) in hapless states is one of the most widely discussed subjects of our clip. This is being done at most planetary conferences, seminars and workshops. Experts and research workers have widely acknowledged the significant part of the SMEs to national economic developmental attempts and employment coevals. All over the universe, authoritiess of both developing and developed states have found it worthwhile back uping the little endeavor sector.

The little endeavor sector is perceived to hold a really large potency for economic growing by policy shapers that is why much attending and resources are allocated for its development. In many states, particularly in developing states, most houses fall into this class and a ample proportion of the population derives their supports from it. In Ghana, for illustration, over 80 per centum of all concern houses registered ( in the Registrar Generals Department ) can be classified into this class. It is estimated that SMEs employ about 22 % of the grownup population in developing states ( Kayanula and Quartey, 2000 ) . The sector has experienced higher employment growing of about 5 % comparative to other sectors of the economic system. It besides accounted for 6 % of the Ghana ‘s GDP as at 1998.

Further, SMEs contribute mostly to the economic public assistance of Ghanaians by doing available assortment of trade goods that are non readily produced by multi-national and good established companies, in state of affairss where these trade goods are produced by such houses they are comparatively expensive.

Furthermore, it is apparent that non-traditional exports has grown from about $ 400m in 2000 to about $ 1.2bn in 2005 in Ghana, with this, SMEs contribute near to 60 % of the entire volume of the non-traditional export trade goods in Ghana. This goes a long manner to beef up the Balance of Payment and Foreign Reserve of the economic system ( Ministry of Trade, Industry and Presidential Special Initiative, 2005 ) .

Not defying all the tremendous potency that the little and Micro endeavor sector has for economic growing, it can non recognize its purposes to the full due to certain jobs and challenges. These challenges include unequal recognition, hapless managerial accomplishments, unequal proficient expertness, etc. Small endeavors in peculiar have great trouble in sourcing institutional finance and pull offing the recognition when granted. These obstructions take assorted signifiers including cumbrous enrollment processs, wanton show of inactiveness, which is the bequest of bureaucratism, deficient national resource allotment towards the sector.

Small and Micro Enterprises ( SMEs ) are the anchor of many economic systems in Sub-Saharan Africa ( SSA ) and keep the key to possible resurgence of economic growing and the riddance of poorness on a sustainable footing. Despite the significant function of the SMEs in SSA ‘s economic systems, they are denied official support, peculiarly recognition, from institutionalized fiscal service organisations that provide financess to concerns.

The issue of supplying equal fiscal support to Small and Micro Scale Enterprises ( SMEs ) in hapless states of today ‘s universe is one of the most widely discussed subjects of our clip. This is being done at most planetary conferences, seminars and workshops. Experts and Research workers have widely acknowledged the significant part of the SMEs to national economic developmental attempts and employment coevals. All over the universe, authoritiess of both developing and developed states have found it worthwhile back uping the little endeavor sector. Governments have supported this sector by demarcating countries and sites for little endeavors development, allowing support in diverse signifiers to both bing and get down up endeavors. This has included legislative support, short and long-run fiscal support, trade carnivals and trade publicity as good work stores and many more.

The little endeavor sector is perceived to hold a really large potency for economic growing by the policy shapers that is why much attending and resources are allocated for its development. In many states, particularly in developing states, most houses fall into this class and a ample proportion of the population derives their supports from it. In Ghana, for illustration, over 80 per centum of all concern houses registered ( in the registrar generals section ) can be classified into this class. It is estimated that SMEs employ 22 % of the grownup population in developing states ( Kayanula and Quartey, 2000 ) . The sector has experienced higher employment growing of about 5 % comparative to other sectors of the economic system. It besides accounted for 6 % of the Ghana ‘s GDP as at 1998.

Further, SMEs contribute mostly to the economic public assistance of Ghanaians by doing available assortment of trade goods that are non readily produced by multi-national and good established companies, In state of affairss where these trade goods are produced they are comparatively expensive.

Furthermore, it is apparent that non-traditional exports has grown from about $ 400m in 2000 to about $ 1.2bn in 2005 in Ghana, with this, SMEs contribute near to 60 % of the entire volume of the non-traditional export trade goods. This goes a long manner to beef up the Balance of Payment of the economic system. ( Ministry of Trade, Industry and Presidential Special Initiative, 2005 ) .

Not defying all the tremendous potency that the little and Micro endeavor sector has for economic growing, it can non recognize its purposes to the full due to certain jobs. These challenges include unequal recognition, hapless managerial accomplishments, unequal proficient expertness, etc. Small endeavors in peculiar have great trouble in sourcing institutional finance. These obstructions take assorted signifiers including cumbrous enrollment processs, wanton show of inactiveness, which is the bequest of bureaucratism, deficient national resource allotment towards the sector.

The group have the cognition and possible to supply support in helping SMEs in pull offing their concerns with no extra cost. This is critical for SMEs to place themselves in order to be competitory in the face the Globalization challenge that has made a concern in a Village in Ghana viing with a trade name from a Manufacturer from China or Germany.

3.0 SERVICES AND BENEFITS

The Centre will supply the undermentioned services to its Clients ;

Records and Accounting of Business Transactions Keeping

Micro Credit Acquisition & A ; Management

Gross saless and Selling

Market Research and Social Research

Data Collection and Analysis

Facilitation of Technology Transfer

Media Review and Databank

Credit Management

Internet Selling

Any other services that the environment would demand will be provided by the Centre.

4.0 FOCUS GROUP/CLIENTS

The group has identified the following group of SMEs that need support:

Agro Processing Factories

Retailers

Kente Weavers

Agro-Chemical & A ; Chemical Sellers

Restaurant Operators/Food Sellers

Filling Stations

Fabrication Firms

The group intend to besides offer research services to the followers:

Non Government Organizations

Consulting Firms

Rural Banks

Companies

Political Parties or Politicians

5.0 PERSONNEL REQUIREMENT

The Centre will necessitate the undermentioned qualified forces for its operations:

Executive Chairman

Executive Director

Associate Executive Director

Programs Manager

Research Executive

Administrative Secretary

5.1 QUALIFICATIONS OF THE PERSONNEL

1. PRESIDENT/EXECUTIVE CHAIRMAN – This place is an Advisory function expected to be played by a individual of huge entrepreneurial experience and exposure. He or She should hold relevant concern contacts in Ghana and around the Earth.

2. EXECUTIVE DIRECTOR – ( DAVIS ADU-LARBI )

He holds Bachelor Degree in Social Science ( Economics & A ; Geography ) and a Maestro of Arts Degree in Economics

3. ASSOCIATE EXECUTIVE DIRECTOR – ( Samuel Nana Yaw Adutwum )

He holds Bachelor Degree in Economics and an HND in Marketing.

4. PROGRAMS MANAGER – ( Samuel Owusu Afriyie )

He holds Bachelor Degree in Development Planning.

5. RESEARCH EXECUTIVE – ( Felix Sarpong )

He holds Bachelor Degree in Economics.

6. ADMINISTRATIVE SECRETARY – Degree in Social Science or HND in Management or related field.

5.2 FUNCTIONS/RESPONSIBILITIES OF THE EXECUTIVES

President

Provide advice on undertakings and plans of the centre.

Liaise with Donors and other Institutions that offer fiscal support.

Provide fiscal and logistical support to the centre.

Quarterly reappraisal of public presentation of the centre to measure and offer the needful counsel.

Form an Apex Body of 5 high people to move as the Board of Trustees.

EXECUTIVE DIRECTOR

Planning, execution and monitoring of all undertakings and plans.

Co-ordinate all activities of the Center

Design and implement mechanisms for beef uping the linkages between the Center and its clients.

Pull off the Fundss of the centre including outgo.

Prepare and present quarterly study to the direction squad.

Preparation and presentation of Final Reports of all Contracts.

ASSOCIATE EXECUTIVE DIRECTOR

Market the Center to identifiable or aim clients.

Be the lead negotiant for contracts and undertakings.

Prospect for research and other contracts for the centre.

Perform the functions of Public Affairs Executive

PROGRAMS MANAGER

Manage and implement all undertakings and contracts for the centre.

Analyse and design plan theoretical accounts for preparation of clients.

Develop and co-ordinate proficient capacity edifice of SMEs clients.

Be responsible for enrolling and pull offing Management Trainees and Contract Personnel.

Prepare plans ‘ outgo budget and submit same to the Executive Director.

RESEARCH Executive

Implement and pull off all research undertakings.

Develop and design research theoretical accounts in all contracts.

Be responsible for the preparation of forces for research undertakings.

Writing and presentation of Research Reports to Executive Team.

ADMINISTRATIVE SECRETARY

Front office disposal direction.

Be responsible for all correspondence.

The Center will enroll Undergraduates and Graduates as Management Trainees for executing of occupations. This we believe will offer them the much needed on the occupation experience for the occupation market.

The Center will besides execute Industrial Attachment Placement for Students by interceding with identifiable organisations and concerns.

5.3 BELOW IS THE ORGANOGRAM OF THE CENTER.

LOGISTICS REQUIREMENT

The Center will necessitate the undermentioned points to run expeditiously:

A Single Room Office Space

Desktop Computer

Two Laptop Computers

Vehicle

Office Printer

Stationery Materials

SET UP BUDGET

7.1 Operational EXPENDITURE BUDGET FOR THE FIRST THREE MONTHS

8.0 SOURCES OF Support

It is expected that, the Center will increasingly go self sufficient by bring forthing income from it activities and contracts the Center will beg. Due to the nature of operations gross projections can non be done. The Center will in visible radiation of the above liaise with Agencies to buttonhole for subcontracts.

a-?SUBSCRIPTION FEES-The Center will roll up a sensible monthly fee from SMEs that will tap our services. It is proposed that the Fee will non transcend GHA?2.00

a-?RESEARCH CONTRACT- Commercial rates will be charged Agencies and Entities that are net income devising. However, the Center will be willing to prosecute any Agency or Entity that will offer to pay for the entire cost of set abouting a venture on her behalf. This is to guarantee that the Center offers chance to develop alumnuss on the occupation.

a-?DONOR AGENCIES- proposals about our intended activities will be sent to the following for sponsorship ; PRIVATE ENTERPRISE FOUNDATION, DANIDA, IFAD/REP, NORDIC DEV. FUND etc.

9.0 Decision

In line with the vision of Youth Alliance of Ghana, we present this proposal to put up the Center to propagate our ideals and plans. We believe that the Center will travel along manner in supplying the much needed support for SMEs.

The Center will besides offer the platform that will startle all YAG members in order to accomplish our corporate political aspirations.