Who is Samuel Kwame Boadu?
Samuel Kwame Boadu is an Entrepreneur, Digital Marketer/Consultant & a Management Catalyst.
For the fifth time running, Samuel Kwame Boadu has been receiving nominations as either The Best Entrepreneur, Entrepreneur of the year or Most Promising Entrepreneur, with an estimated net worth of $43,000(2019 according to Crunch base) for His Trademark firm, SamBoad Business Group Limited. The business empire he began to build since 2014, SamBoad Business Group LLC, is one of the most promising service providing Firms in Ghana as well as one of the most valued and talked about firm.
Shortly after graduating from college and serving his nation, Samuel Kwame Boadu used savings of His National Service allowances to start his vision in Ghana, his native country. His business venture quickly became a success, and as a result, he managed to operate and diversify into other service providing businesses. Ultimately, Samuel Kwame Boadu was able to turn his allowances into a soon to be multimillion-dollar company.
KEY TAKEAWAYS
- Samuel Kwame Boadu has been in business for years, cumulating a net worth of over $5,000 initially whiles working for firms.
- Samuel Kwame Boadu’s fortune is primarily built from his company, SamBoad Business Group Limited, although he started his business empire by providing services in Insurance, Mobile Money, Traveling & Education.
- While he grew up, Samuel Kwame Boadu loved entrepreneurship from a young age and started his first business with his national service allowances.
- A noted philanthropist, SamBoad Foundation began partnering with other Not-for Profit Firms to talk to senior high students about Entrepreneurship so that after school they can also create jobs for themselves.
- Slated to expand more and create jobs in 2025 – 2027, SamBoad business Group Limited is tipped to be the Largest Service Providing Firm that will create more jobs for the youth.
Samuel Kwame Boadu’s business interests encompass many industries, including Media, Digital Marketing & Branding, Logistics, Business Consult and Travel & Education. However, SamBoad Express (Logistics) makes up the majority of SamBoad Business Group LLC’s revenue, of which Samuel Kwame Boadu owns 90%. According to Crunch base and other publications, the subsidiary produces $1,000 per quarter and his asset base is about $44,000.
Samuel Kwame Boadu also consults for over 300 start ups and 5 top firms in Ghana in the areas of Management, Digital Marketing and Branding reporting quarterly revenue generation of about $4,500 which is handled by a department of SamBoad Business Group Limited named SamBoad Media Consult. In 2020 SamBoad Business Group reported net worth of $44,000 in assets and cash operation
Early Life and Education
Born in 1989, Samuel Kwame Boadu grew up with three brothers, Kwaku Ohene Boadu, Nana Darkwa Boadu and Jamil Yaw Boadu in an entrepreneurial household in Accra Ghana. He was raised Muslim and Christian way by His Dad who joined Islam because of His best friend but later converted back to Christianity when his friend passed on. Samuel Kwame Boadu’s mum also attended Pentecost. Samuel’s Father, Mr. Paa Kwesi Boadu was a professional driver who managed his own vehicle and Mum, Akosua Twumwaa Botwe, a petty trader who moved from one African Country to the other to buy cloths and shoes to sell at Makola, Accra. Both Parents made money by being entrepreneurs whiles working for others.
Having spent much of his childhood with his mother because the Dad was mostly out of the City, Samuel Kwame Boadu quickly became interested in the world of business, and was heard once saying, “I can remember when I was in Junior High school, I would go and buy pens and place them in my bag just incase one needs a pen and I will just sell it to my colleagues. Market wasn’t good so I will be the one to steal your pen, throw them away and sell a new one to you the next day, He jokingly said. I was so interested in business, even at that time.”
Between ages 21 – 25, Samuel Kwame Boadu read Human Resource Management with Association of Business Executives (ABE), UK from Zenith University College. It was there the budding entrepreneur furthered his education in business. At the University Level, Samuel Kwame Boadu was selling scratch cards and phones to some of his colleagues. He would take your laptop for a fee to repair them for you or help swap your phone if one needed a phone upgrade. He was mostly called a “Millionaires Consultant” by some of his colleagues
Notable Accomplishments
An Empire Is Born
After graduating from college and serving his Nation in 2014, Samuel Kwame Boadu managed to convince his father to break some part of the wall that fenced the house to build his office just to avoid rent and also build trust among customers he will be communicating with to start the business. The funds from his National Service Savings at Drivers and Vehicle Authority (DVLA), Koforidua, allowed him to start mobile money services, Printing & Secretarial Services and Travel & Educational Consult. He first named that business “SamBoad Ventures”. The venture quickly became successful and turned into a cash cow. That allowed him to add more departments like SamBoad Micro-credit services and SamBoad Business Consult.
Key Points In Achievements and Awards
- Samuel Kwame Boadu was contracted by UNICAF as a Student Consultant and has processed over 240 students under the UNICAF Partial Scholarship in Africa.
- He was featured on Yahoo news as one of the fastest growing Entrepreneurs in Ghana.
- He won the Entrepreneur of the year 2020 at the Bizz Awards by World Confederation of Businesses, Business Excellence Certificate organized in Texas, USA.
- Samuel Kwame Boadu is a 5-time nominee for Male Entrepreneur of the year in Ghana for 40 under 40 awards, Young Achievers Awards etc.
- He was also featured on Yahoo lifestyle, Thrive Global, Influencive, Disruptive Magazine, Zee5, Verna Magazine, and Vents Magazine etc. as an entrepreneur with more than 10 years of working experience in Digital Marketing, Business Management, Educational Consult and Entrepreneurship in Ghana.
Going the Extra Mile
Samuel Kwame Boadu realized that acting, as a middleman for companies and individuals was a very costly and risky endeavor especially when sources decide to act another way (run away with customers money). Samuel also Knew he needed capital to pump into his vision so he went back to work an 8-5 job whiles building his empire. He worked and consulted for Firms like Beige Capital (now CBG), Dalex Finance (Loans Department), Uniagents (Contract to recruit students), Freights Masters Shipping Agency and Unicaf (Helping with Partial Scholarships). His journey to work whiles bootstrapping his vision was something he needed to build his firm.
After years of working and building, Samuel Kwame Boadu and his SamBoad Media Consult Team, a new department he formed was awarded contracts with Priority Insurance Company Limited, Coco Vanilla Restaurant, The Luxe Lounge & Garden, The Honeysuckle Restaurant and other 30 small businesses. Samuel Kwame Boadu significantly expanded the operations of the company in 2020 and upgraded the SamBoad Ventures to SamBoad Business Group Limited, making it a Limited liability Company with his brother owning 10% shares whiles he owned 90% shares combining all the services into one hoping to build a conglomerate soon.
Each of his divisions has since been separated into Departments, operating under SamBoad Business Group LLC but different Teams: SamBoad Business Consult, SamBoad Micro-credit Services, SamBoad Media Consult, SamBoad Express, JamBoad and SamBoad Travel & Educational Consult.
$44,000 – SamBoad Business Group LLC’s net worth, as of November 2020.
Expanding the Empire
Samuel Kwame Boadu has always reinvested the majority of his profits back into his businesses—one reason the company has grown so much since its inception. During an interview at TVXYZ, Samuel Kwame Boadu explained, ‘‘We [SamBoad Business Group Limited] are not doing like other Africans who keep most of their money in the bank. We do not keep money in the bank. We fully invest whatever we have and we keep on investing into other departments whiles we continue to create jobs. Until I see a lot of people getting employed through SamBoad, I will buy more assets to run the business than buy a vehicle to live lavish lifestyle’’
Unlike many wealthy Ghanaians who made their fortune in oil, real estate etc., Samuel Kwame Boadu initially chose to go down a different path, but he has since entered the service providing, media and logistics industry. In an effort to put some of his cash reserves to work, Samuel Kwame Boadu is working on a massive transport business in Ghana, which is projected to expand in 2025. If successful, it could significantly create more employment, help generate income for employees involved and SamBoad Business Group Limited which can see the company’s net worth shoot to $5-10 million by 2030 if enough investors come in.
The $200,000 project will be one of the largest transport projects ever for SamBoad Business Group Limited that will create 50 to 100 jobs per year.
Awards and Charity Work
Samuel Kwame Boadu is a philanthropist and founded his private charitable foundation in 2015 named SamBoad Foundation. The SamBoad Foundation is dedicated to adding value to people’s lives across Ghana by supporting health, education, and entrepreneurship empowerment initiatives. Now, the foundation has trained over 2000 students in Ghana through partnerships with other foundations.
Notably, SamBoad Foundation began partnering with GirlyTech to help young girls learn more about STEM, Leela’s Foundation to help build schools in rural communities and the SamBoad “Think Beyond your Qualification” Initiative that helped train over 1000 students in a “Senior High School Tour”
How Did Samuel Kwame Boadu Get Noticed?
Samuel Kwame Boadu got noticed because of his firm creating jobs and His tour to speak about entrepreneurship.
How Did SamBoad Business Group Limited gain such Wealth?
Samuel Kwame Boadu and his SamBoad Business Group Limited Team gained such fortune by asset acquisition, Investors support and reinvesting back into the business to expand.
Which Senior High School did Samuel Kwame Boadu Attend?
Samuel Kwame Boadu Attended his Secondary School(Senior High School) at Pope John Secondary School, Koforidua
The Bottom Line
Samuel Kwame Boadu’s journey to fortune is a rags-to-riches story. He came from a not well to do family that wasn’t able to provide the financial assistance he needed to start his business. Over the years, Samuel Kwame Boadu has expanded into new business segments, including Service Providing, Transportation, Education & Traveling, Logistics and Media through continuous focus and re-investment of Capital. Today his company, SamBoad Business Group Limited, is the most talked about and consistent brand in Ghana. His title as “SamBoad or “Millionaires Consultant” seems to be one he’ll hold for years to come.
