Mr Silas, a Ghanaian businessman and CEO of Sidom Doors, is currently in Ghana despite being based in Finland. He is presently at the Sidom Doors branch in Adenta, near Pantang Hospital.
Reflecting on his entrepreneurial journey, Silas noted that many people reached out to him after his previous interviews, expressing interest in business. However, he cautioned that just because someone is successful in business does not automatically guarantee success for others. He emphasized that success is largely a mindset—it is about perception and experience. Business is about learning, channeling energy into the right areas, and remaining persistent despite setbacks.
He explained that failure is part of preparation for a bigger version of success. If one is denied a visa multiple times, they should not give up, as persistence eventually leads to breakthroughs. He stressed that money is a tool, constantly moving through the system due to expenses such as rent, taxes, and utilities. Rather than focusing solely on accumulating money, entrepreneurs should focus on solving problems and adding value, as this naturally attracts financial success.
In an interview with DJ Nyaami on the Business Link Show, Silas shared that capital is important, but trust and ideas are even more critical. Many people mistakenly believe that having $100,000–$200,000 is the key to success, but in reality, building credibility and passion for one’s work is far more valuable. He noted that most people are interested in how a business becomes successful but overlook the struggles at the beginning.
Silas revealed that he made a tough decision to quit his job abroad and focus entirely on his business in Ghana. Although his overseas job provided stability, it also slowed his progress. Taking the risk to return and dedicate himself fully to his business proved to be the right move, as he is now seeing great results. He believes in reinvesting profits rather than holding onto capital unnecessarily. Many people working abroad fail to save money, and he advised that even keeping GH₵10,000–GH₵20,000 in an account can change one’s mindset and provide financial security.
He also highlighted the struggles of Ghanaians abroad who send money home for business or real estate projects. Some invest in building houses but still endure difficult living conditions overseas. He advised that financial decisions should enhance happiness rather than drain one’s energy and well-being.
Reflecting on his past experiences, Silas admitted that his lowest moments were when he worked abroad. Waking up at dawn to work long hours just to pay rent made him feel trapped. He had previously run a business before traveling, and after just three years abroad, he realized he needed to return and fully invest in his own ventures.
He concluded by encouraging young entrepreneurs to reprogram their minds, take calculated risks, and explore opportunities. Success, he emphasized, is not just about making money but about achieving fulfillment and financial freedom through smart business decisions.
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