Monday, July 26, 2010

PICKING AT THE MIND OF A LUMINARY CHIEF WITH MR. INVESTOR: PART TWO

Mr. Investor and myself waited in a Gas Station close to the bus stop until the chief’s wife picked us up and drove us to their commodious abode. We settled into our rooms, had some dinner and had a long chat with Nana Kyia. As always I tried to glean as many nuggets of wisdom as I could from this luminary chief and vastly experienced entrepreneur, and indeed I got a goldmine full of knowledge. During our stay whenever Mr. Investor and I had a chat with our “Chief Consultant”, I had my pen and notebook out, scribbling furiously! And he kept reminding us of how people pay him for similar advice and how lucky we were to be getting all of his precious face time for free. We were very lucky indeed. I probably should have taken videos of our conversations, because we roamed a vast landscape of business, social and economic issues, far more than can be packed into this blog. Mr. Investor and I fielded all the questions that we could, and the chief always gave us a flood of sensible answers from a perspective we did not have enough experience to elevate to yet. He sat adjacent us in this rather comfy chair in a corner of his large living room adorned with biographical pictures of the chief in his younger days, his first wife and his children; a portrait of his life and his legacy. It felt rather appropriate when he said, “Everybody (in Ghana) is having fun making a living but not leaving a legacy”. With his legacy complete he was encouraging us, and you to begin thinking about creating ours, a legacy we can be proud of during our old age.

In relation to a question fielded by Mr. Investor concerning business in Ghana the chief said, “There are many bureaucratic disincentives that prevent investors from coming into Ghana”. Among those we discussed were the poor state of our physical infrastructure; the lack of reliable energy; entrenched corruption, inefficiency and dissatisfaction in all levels of the public sector. According to him, Ghana has “a system that forces conformity” because it doesn’t reward innovation but rather favors blind adherence. In a sense it is a country whose people prefer to follow and therefore leaders are in short supply; people rarely think outside the box. This is difficult for foreign investors to adjust to since the internal and external realities they have to deal with are in a system where things tend to be rather different (I think the actual word Nana used was ‘backward’) from their experience in their home countries. He felt that, “Idea testing is essential for success” because every business investor needs to do a lot of market research before they embark on any business. According to the chief, “Nobody should go into any business without testing; you must have a minimum of a B+ certainty that it will succeed before moving forward”.

The chief also delved into the poverty issue by stating that; “In trying to solve poverty we must move poor people away from what they are used to (their comfort zone of being given freebies; food, water and clothing) by challenging and empowering them to be upwardly mobile economically”. He was greatly dissatisfied with the status quo of begging donors for money to simply throw at the poverty issue, rather we should be teaching poor people to fish rather than just giving them fish. He stressed on the need to provide quality education as the basis for empowering the poor, because according to him as literacy levels increase so will the living standards in general, and this is a self evident fact. Nana Kyia III felt strongly that the Ghanaian youth, especially those in the Diaspora had a lot to give back to the country. He understood the temptation of seeking greener pastures abroad but felt that if they could be encouraged to come back to Ghana they would be critical to the development of the country. He encouraged people to try to monetize their passions saying, “If you have a hobby and if it can be turned into a business, quit your regular job then do it full time” because you are then motivated out of intrinsic passion instead of being stuck in a job that has extrinsic benefits (good pay) but is not truly fulfilling.

Yes, Mr. Investor had reception, AMAZING!
We talked, and talked some more and then he took us on a trip to his beautiful seaside village. We first went to a council meeting of the traditional chiefs of the area, and Mr. Investor and myself had the honor of meeting all the other chiefs in the area, to the extent of being treated like VIPs even though we were wearing simple white tees. We then went on to his village, Ekumfi Ekumpoano and even deep into the hinterland we still had reception on our mobile phones and several of the villagers were busily chatting on theirs; the power of IT! When we got there we had that iconic scene where all the little kids run behind the car. Everybody there was buzzing about the arrival of their chief, and of course a “white man”. Alas Nana himself was at the council meeting, but it was still such great experience, his wife took us on a guided tour and then cut us loose. For me the village was about these little kids, smiling, dancing, treading our footsteps and asking 20 questions a minute. They were such a happy riot, excited and inquisitive beyond belief. I acted as the translator since they seemed so fascinated by the ‘obroni’ who had magically appeared in their midst and then after following the sound of the waves a short while, we hit the beach, and OH was my breath taken away! It was a beguiling sandy beach, untouched by development and pollution, and there were only a few canoes in sight because the fishermen were out to sea. I couldn’t appreciate the scene fully then but now in retrospect I was rather affected by the serene beauty of the soft clean sand, the clear blue sea and the rolling waves all hidden away and unknown, a real unpolished gem waiting to glitter. The ideas begun to flow, and the plans begun to form.........

One day I shall be a luminary business guru but for now I’m just a visionary mind making his dreams a reality, so I seek the counsel of greater minds to inspire me and point me in the right direction. Nana Kyia III is among those whom have had an undeniably positive effect on my personal development and propitious future. Thank you again Nana!

The happy riot of smiles, questions and poses.....cheeeeese!
Tune in next week for the next blog.......Cheers!

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