Accra, Ghana — [28-12-2015] — SamBoad Ventures, a growing Ghanaian business services and agency solutions provider, has released its financial and operational summary for 2014, the company’s foundation year. The report highlights strong early progress driven by mobile money agency services, secretariat operations, and strategic partnerships across insurance and travel services.
Financial Performance (2014)
Despite being a start-up year with modest capital and a lean team, SamBoad Ventures demonstrated strong early traction.
Revenue Breakdown (Total: GHS 18,500)
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Mobile Money Commissions & Service Fees: GHS 11,200
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Insurance Agency Commissions (SIC Partnership): GHS 2,600
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Travel Ticketing / Tour Package Commissions: GHS 1,900
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Secretariat & Printing Services: GHS 2,800
Operating Expenses (Total: GHS 13,950)
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Office Setup & Initial Renovations: GHS 4,200
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Office Accessories (Printer, Desk, Chairs, Modem, etc.): GHS 2,100
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Business Registration & Licensing Fees (Including MM): GHS 1,450
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Utilities & Internet: GHS 1,200
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Marketing, Flyers & Local Promotions: GHS 750
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Staff Commission-Based Stipend (GHS 250 × 12 months): GHS 3,000
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Miscellaneous Operating Costs: GHS 1,250
Net Profit for 2014: GHS 4,550
(Higher than the initially projected GHS 4,200 due to stronger-than-expected mobile money performance in Q4.)
Operational Highlights
1. Business Registration & Strategic Positioning
In 2014, SamBoad Ventures formally registered to provide mobile money, agency services, and business support solutions. This strategic positioning served as the blueprint for the company’s growth direction over the next decade.
2. First Fully Functional Office Established
A portion of the startup capital was invested in renovating and furnishing the first office space. This included basic accessories and functional tools to operate mobile money, printing, and secretariat services effectively.
3. Entry Into the Mobile Money Ecosystem
The company secured its first mobile money registration and began providing cash-in, cash-out, SIM registrations, and customer support services. Mobile money quickly became the backbone of early revenue.
4. First Agency Deal Signed with SIC Insurance
SamBoad Ventures signed its first major agency partnership with SIC Insurance, selling insurance policies and receiving commissions. This introduced the company to the formal agency and financial services ecosystem.
5. Travel & Ticketing Partnerships Initiated
Collaborations with travel and tour firms enabled the company to sell bus tickets, flight tickets, and travel packages, contributing additional revenue streams.
6. Secretariat & Printing Services Introduced
To expand value for walk-in customers, SamBoad added typing, printing, photocopying, and documentation services — which became a strong complementary revenue line.
7. First Employee Onboarded
Founder Samuel Kwame Boadu hired the company’s first support staff on a commission-based stipend of GHS 250 per month, enabling improved customer service and extended working hours.
Founder’s Comment
“Our first year was about survival, structure and proving that a small, determined company could create legitimate value. Every cedi earned went back into the business, and every partnership opened a new door. These early decisions shaped the foundation we are building on today,”
— Samuel Kwame Boadu, Founder & CEO, SamBoad Ventures.