KAMPALA– Renowned businessman and proprietor of Spear Motors Company Ltd Gordon Wavamunno has warned youth against spending their money on luxuries instead of saving the money for future investments.
According to Wavamunno, many youth after graduation, get excited acquiring unnecessary expensive assets like phones, watches, cameras, engaging in binge drinking as well as acquiring HIV/AIDS instead of focusing on saving their money so as to start businesses and become self-employed.
The businessman said he started out as a waiter in a restaurant that he started and did not mind the scorn he suffered at the hands of relatives and friends.
“They would laugh at me that I am a waiter but I would tell them that yes I am a waiter but the bar is mine. If you get an opportunity to do an unpaid internship, do you turn it down? Employers want experience where do you get it,” he said.
Wavamunno was speaking on Thursday at the graduation ceremony for 291 students at Spear Motors Apprenticeship Training Centre in Nakawa, Kampala.
He told the graduands that with the automative skills they have acquired from the center, all of them have the chances to be employed or create their own jobs because the training center is ranked as the best in providing high-quality skills for Germany technology in the region.
According to Kato Kizito the principal, the institute which started in 1991, has so far trained over 1,000 students from Kenya, Tanzania, DR. Congo Sudan Sri Lanka, and the Philippines who have acquired skills provided by the Mercedes Benz global training center.
Dr John Chrysostom Muyingo, the Minister for Higher Education, who presided over the graduation ceremony urged the youth to get successful businessmen as role models.
“Get a role model to mentor you. Wavamunno here started as a waiter but see where he is today employing over 2,000 people,” he said.
Dr Muyingo said as a youth, he also sought guidance from Wavamunno and the late James Mulwana in the 1980s on how to make and manage money.
“I am also rich because of these two people. You must look up to somebody who is successful and you will all make it in life. The developed countries you admire today are where they are because of the skills you have acquired from here,” he said.