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Ability to generate wealth depends on one's attitude - McDan

13th November 2024 10:57:00 AM

2 mins read
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Chairman of the McDan Group of Companies, Dr. Daniel McKorley, has emphasized that an individual’s attitude plays a crucial role in their ability to generate wealth.

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Speaking on JoyFM's Super Morning Show, Dr. McKorley underscored the importance of fostering a mindset of hard work, self-reliance, and entrepreneurship, especially among the youth.

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“There is no specific formula for making money. Rather, the ability to generate wealth depends largely on an individual’s attitude,” he stated. Dr. McKorley elaborated that many businesses, often overlooked or underestimated, can generate significant income in ways that may not be immediately obvious.

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To illustrate his point, he shared a story about a woman who received an interest-free loan of 10,000 cedis to expand her kenkey and fried fish business. Despite initial doubts, the woman achieved sales of 6,000 cedis within three months, demonstrating the impact of a determined mindset in business.

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Job creation, Dr. McKorley noted, is a cause close to his heart. He lamented that many people feel their social status or education level limits their potential in business. “Regardless of whether you are literate or not, anyone can bring their business ideas forward,” he explained. “You don’t need formal schooling to present a business idea, and we are ready to coach and support you.”

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He emphasized that the primary objective of his company’s business challenge isn’t just about prize money, but about fostering strong individuals behind business ideas. “The goal is to create champions, create jobs, and change the mindset and mentality of the youth out there,” he said.

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After winners are selected and awarded prize money, Dr. McKorley’s team continues to guide and monitor their progress to ensure sustainable success. “We don’t just give money and walk away,” he explained. “We follow the individual, visit their business, engage with them, and ensure they are properly supported as they grow their enterprise.”

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Dr. McKorley expressed his strong belief that a positive attitude, self-reliance, and hard work are essential qualities for the next generation of entrepreneurs. By encouraging these traits, he hopes to inspire a wave of innovation and job creation across the country.

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