July 10, 2020 - BY Admin

RECKLING ENTERPRISE AND THE SUPPORT FOR SMALL AND MICRO ENTERPRISES

SMALL AND MICRO ENTERPRISES ARE VERY PREVALENT IN AFRICA, AND SO THEY ARE IN GHANA. ESPECIALLY THE INFORMAL SECTOR CONTRIBUTES A LOT TO THE DEVELOPMENT OF THE ECONOMY.

UNFORTUNATELY, IT IS THESE SMALL ENTERPRISES - AND AMONG THEM THE INFORMAL SECTOR - WHICH HAVE THE MOST SEVERE PROBLEMS WITH THE WORKING CAPITAL. OFTEN THIS WORKING CAPITAL VANISHES WITHIN MONTHS, IF NOT WEEKS. THIS IS BECAUSE MOST OF THE PEOPLE RUNNING THOSE ENTERPRISES ONLY LIVE ON WHAT THEY GET OUT OF THEIR BUSINESS,  AND WHEN THERE IS NOT ENOUGH PROFIT TO LIVE ON, THEY WILL TOUCH THEIR WORKING CAPITAL. THIS WORKING CAPITAL THEN BECOMES LESS AND LESS, UNTIL IT IS COMPLETELY GONE.

IN VIEW OF THAT, RECKLING ENTERPRISE HAS INITIATED A MICRO INVESTMENT COMPANY - JAWUS 88 ENTERPRISE - THAT DEDICATES IT SELF TO INVEST IN MICRO ENTERPRISES. IT STARTED WITH THE ESTABLISHMENT OF A MOBILE MONEY BUSINESS WHICH WILL OPEN IN A FEW MONTHS. THE MOBILE MONEY BUSINESS WILL PROBANLY EXPANDED WITHIN THE NEXT YEARS..

APART FROM THAT, JAWUS 88 WILL INVEST FURTHER IN EXISTING BUSINESSES, SOME OF WHICH OPERATE IN THE INFORMAL SECTOR.

TO ACCOMPLISH THIS TARGET SUCCESSFULLY, RECKLING ENTERPRISE WILL IN THE NEXT WEEKS DEVELOP GUIDELINES UNDER WHICH INVESTMENT ESPECIALLY IN THE INFORMAL SECTOR IS POSSIBLE AND WORTHWHILE. FURTHERMORE, WE WILL DEVELOP A QUESTIONNAIRE FOR SMALL AND INFORMAL BUSINESS OWNERS. FROM THIS QUESTIONNAIRE, WE WILL DERIVE DATA TO DECIDE WHETHER AN INVESTMENT IN THOSE BUSINESSES IS. THESE DATA WILL BE USED ANONYMOUSLY AND REMAIN BETWEEN THE BUSINESS OWNER AND US.  FURTHERMORE, WE WILL BE ABLE THROUGH THESE MEANS TO SUPPORT THE BUSINESSES ADMINISTRATIVELY, AND MAKE THEM SUCCESSFUL. THE GUIDELINES AND THE QUESTIONNAIRE WILL BE AVAILABLE IN PDF FORMAT FOR EVERYONE  TO  DOWNLOAD THEM FROM THIS WEBSITE. 

FURTHERMORE, RECKLING ENTERPRISE WILL IN FUTURE ENCOURAGE OTHER INTERESTED PEOPLE - ALSO IN OTHER DISTRICTS APART FROM SEKYERE SOUTH - TO FOLLOW THE GUIDELINES AND ALSO INVEST IN THE SMALL  BUSINESS AND INFORMAL SECTOR. IN THIS WAY, WE WOULD BE ABLE TO ESTABLISH SOMETHING LIKE A BUSINESS ANGEL NETWORK TO SUPPORT THE MOST VULNERABLE PARTS OF THE BUSINESS SOCIETY IN GHANA AND IN AFRICA AS A WHOLE.

LET'S MAKE IT HAPPEN!!!!!!!!!!!!!!!!!!!