#ExecutiveHotline with Prince Kofi Amoabeng

<p><strong>Key Lessons</strong><br /><strong>1. Legacy.</strong> I have always wanted to write as a legacy for the next generation. I didn’t feel ready before, but I am at that stage where my biggest responsibility is to make an impact.</p><p><strong>2. Military Motivation. </strong>I was directionless during my National Service, drinking and sliding downwards. I went into the military looking for discipline. I loved the military but left after 7 years in protest without a Plan B.</p><p><strong>3. Business Wilderness.</strong> I went into business by default and spent 15 years experimenting with buying and selling, operating a sawmill, import and export of electricals, wines, air conditioning, construction, and oil business. I failed in a number of them.</p><p><strong>4. Business as a Protest.</strong> I started UT at age 45 in protest. If I, as a graduate, chartered accountant and retired army officer couldn’t raise funds from banks, what could the ordinary person do? Instead of complaining, I decided to solve the problem.</p><p><strong>5. Finding your Business Call.</strong> What do you love doing? Do you love people? If you offer what you love doing to the people you love, you cannot fail in business.</p><p><strong>6. Point of Uniqueness.</strong> Our game changer was our promise to deliver in 48 hours, loans that were typically being processed in 3 months. People feel valued when you respect their time.</p><p><strong>7. Unorthodox Recovery Methods.</strong> We were holding the life savings of people in trust, and anyone we lent it to had to respect their obligations. I once had to confront an evasive defaulter who came to my own mother’s funeral. Such was the commitment.</p><p><strong>8. Ubuntu. </strong>We are here to impact other people’s lives and make the world a better place. It was a great feeling to employ people, solve problems and make the world a better place.</p><p><strong>9. Betrayed Trust. </strong>I believe in systems and institutions, but I believe even more in people. Some people I trusted, bo