I used GH¢1 as capital to start Tobinco Group of Companies -Owner discloses

The Founder and CEO of Tobinco Group of Companies, Samuel Amo Tobbin has disclosed that he used GH¢1.00 as the capital to start his pharmaceutical business, Tobinco Group of Companies.

Recounting the start of his successful business, he said he got the idea of selling medicine (pharmaceutical business) through a Muslim neighbor/friend named Alhaji Baba. Through dedication to success, he put in maximum efforts for gains (investment) and has now become a household name in Ghana and beyond.

“Selling medicine was introduced to me by a Muslim called Alhaji Baba. In those days, he lived behind our house, and there was no street connecting to his house for cars to pass, so my sibling and I used to assist him in carrying his stuff home anytime he returned from town. That is how we became friends.

Disclosing how he managed to gather the capital, GH¢1.00 then, he said he sold P.K. and other things ( names not mentioned) to earn enough to embark on establishing his generational source of income business.

“Shortly after I completed basic school, I had made GH¢1 from selling P.K. and other things. Note, I am not talking about GH¢1 in today’s value; I am talking about it as in 1984,” Tobbin said.

After gathering the capital, Tobin said he informed his friend, Alhaji Baba, about the amount of money he saved (GH¢1.00) and further went on to tell him about the impossibility of continuing his education (Secondary School). Baba then helped him to start the medicine business fully.

“So, I informed Alhaji Baba that I had made one cedi from my sales and was not sure I could continue with secondary education. I asked him what I could do with my one cedi. He then bought some medicines for me to sell, and that is how it all started,” Tobbin disclosed in the interview.

Ths success story: Tobinco Pharmaceuticals

Tobinco Pharmaceuticals is currently one of the prestigious companies operating in and contributing immensely to Ghana’s pharmaceutical industry. The company has also created jobs for the citizens of the country and beyond. The company, Tobinco Group of Companies, has also turned its face (ventured) to the Real Estate sector, where they are also contributing to addressing the housing challenges of the country.

Appreciating the efforts and guidance of his business-wise colleague, Ernest Bediako Sampong, the Founder and Chief Executive Officer of Ernest Chemist Limited, he said the company helped him a lot during the initial stages of his journey into the pharmaceutical industry

“I received so much assistance from the brothers of Ernest Chemist. They helped me immensely. They sold drugs to me, sometimes even on credit. The Ernest Chemist brothers really assisted me in becoming who I am now,” Tobbin recalled and appreciated.

SOURCE: Coverghana.com.gh