Business News of Thursday, 19 October 2023
Source: www.ghanaweb.com
Chief Executive Officer (CEO) of indigenous watch company, Caveman Watches, has spoken about how he grew the business from scratch.
Anthony Mensah Dzamefe, in an interview on TV3 stated that he started out as a watch seller with an initial capital outlay of 50 cedis.
“The whole thing started with GHc50,” he told Berla Mundi, before explaining that there was more to the amount: “but when we put the story so simple, people think that you built everything with 50 cedis.”
He explained that aside from the 50 cedis there were investments from people and other non-monetary support that he got along the way as he built ground up.
“Somewhere along the line, we do get help and investment here and there, I haven’t got any huge figure in investment before but friends invest their time, their network etc,” he added.
He restated receiving lots of support, so even though brand started with 50 cedis investment.
On the issue of getting support as an entrepreneur, he tasked upcoming business people to “create value and by so doing, people will invest.”
He added that it was the belief that people had in his journey especially those that supported at the beginning stages, who were most critical to his growth and current success.
I started my brand with GHC50 from selling watches, but I have received a lot of help and support from Ghanaians - CEO of Caveman Watches - @AnthonyDzamefe#TheDayShow pic.twitter.com/6t1GzbCsON
— #TV3GH (@tv3_ghana) October 17, 2023