Chiedu Okonta

KEYS TO SUSTAINABLE SMEs Chiedu Okonta

SPEEDY TRANSFORMATION OF AFRICAN ECONOMIES IS POSSIBLE!Speedy Transformation of African Economies through Sustainable Growth of Small and Medium Scale Enterprises is the urgent solution for African Economic Transformation. A Ghana based Nigerian Banker- Chiedu Okonta (FCA. MBA-LBS. B. SC) has stressed, in his book "KEYS TO SUSTAINABLE SMALL & MEDIUM SCALE ENTERPRISES (SMEs)." The research work found out that: The economies of the world are predominantly sustained by Small and medium Scale Enterprises The SMEs provide conservatively 90% of the world's businesses; 50% of the world's Gross Domestic Product (GDP) and at least 50% workforce for the economies of the worldThe businesses of over 75% business owners die as their founders passes on Why then do these SMEs fail to survive beyond the lifespan of their founders? The "KEYS TO SUSTAINABLE SMES" by Chiedu Okonta (FCA. MBA_ LBS. B. SC). A Chartered Accountant and a seasoned Banker with track record of result oriented leadership for over two decades provide solutions for these challenges. This is a specially packaged book to aid in setting up and/or managing sustainable Small & Medium Scale Enterprises (SMEs). Some companies have used several wrong financial management decisions that adversely affected their companies. For instance: accessing banking loans without the required underlying business requirements; selling the products and services on credit without the correct prior assessments, choosing the wrong product or investments, or place to invest in, failure to have effective human resources management, among so many errors that are capable of affecting the business sustainability; are all properly handled in this book. Developing nations in the world today have realized the secret of accelerating economic development through sustainable SME growth, which is the main focus of this book. This book is highly recommended for every business owners and prospective business owners. Policy makers in Governments; Students at Secondary and Tertiary levels. Management Students. Management staff, and indeed every forward looking parent should have this book for their children to adopt right early in life.