Fidelity Young Entrepreneurship Initiative Success Stories - TSGDRIVE TRANSPORT AND LOGISTICS LIMITED Name of business TSGDRIVE TRANSPORT AND LOGISTICS LIMITED Name of business owner MICHAEL OSEI Tell us who you are: We are a Transport and Logistics services provider that offers tailored services to individuals and companies in the areas of: Car Rental and Sales Customs Clearance and Haulage Fleet Management (vehicle tracking system) Private Tour Guide Vehicle Registration and License assistance Driver Training and Supply. Our Services are available in Accra, Kumasi, Takoradi, Tamale, and Bolgatanga In Accra, we are located at Naa Oboshie Street, Mempeasem, East Legon opposite Birthday Gill and Pub. You can find us on Facebook and Instagram @TSGDRIVE or call 0244085360 What motivated you to start the business? Having worked as a front office staff at Golden Tulip Hotel in Accra, I realized the high rental rates (mostly in USD) that car rental operator charges at the hotel. Most guests complained about the high price and poor customer service, therefore I contacted a few friends who had other cars that were not in daily use to rent to me at a lower price. I added a reasonable margin then rented it on to the customer at a rate lower than the going rate at the hotel thereby making money for the car owner and giving the client lower rates (a win-win). Any success chalked? Through partnerships were are available in 5 regional capitals. (ie. Accra, Kumasi, Takoradi, tamale, and Bolgatanga) Official transport service provider Glitz Africa fashion week 2019 & 2021 Official transport service provider Ghana meets Naija 2019 Official transport service provider Global SDGs youth summit 2019 Any challenges: Our biggest challenge has been the high cost of compliance with statutory requirements. Limited incentives for startups from Ghana Investment Promotion Centre. High employee turnover High cost of employing good talent due to a modest salary budget. Lessons learned Focus on keeping existing customers happy, for they will bring you new referrals at no extra cost. Effective use of social media. If possible diversify your interest. Advice to young upcoming entrepreneurs My advice is that sustainable growth takes time so don't give up when the going gets tough. Time gives you a better understanding of your industry and experience. Also, give attention to personal development to be an effective and efficient leader for your team. How has the funding received from the program helped your business? The funding received enabled us to purchase a Hyundai Tucson mini SUV. This additional vehicle has increased our fleet as well as revenue. We are most grateful for the timely support. Click on the link below to start your FYEF application process and submit supporting documents.
