In this first week of training, participants have learned the meaning of entrepreneurship and group enterprise, including the pros and cons of each, along with the traits of a good entrepreneur or a good group. Additionally, they have learned the reasons many businesses fail, and the three main types of businesses. Finally, the participants went through the process of how to choose a good business idea, assessing the unmet needs of people in their community, and comparing that against the skills they have and the locally available resources. After all of this, the participants chose the strongest business ideas and formed a total of seven group enterprises. Over the coming weeks, together they will write their respective business plans, beginning with a list of the total business needs and start-up costs. The seven group enterprises formed include: cooking (2), decorating, tailoring, farming, chicken keeping, and hair salon.
OUR LATEST ACTIVITIES
Business Skills Training for the tenth batch of young people began earlier this week, which aims to equip young people, with a special preference for young mothers, with the knowledge and tools for how to apply for and attain employment, and how to choose, plan and run a successful enterprise, be it individually or as a group. The ultimate goal is to empower young people to attain economic emancipation and rise out of poverty through strategically planned income-generating activities, enabling them to joyfully and confidently live a full and dignified life. In this first week of training, participants have learned the meaning of entrepreneurship and group enterprise, including the pros and cons of each, along with the traits of a good entrepreneur or a good group. Additionally, they have learned the reasons many businesses fail, and the three main types of businesses. Finally, the participants went through the process of how to choose a good business idea, assessing the unmet needs of people in their community, and comparing that against the skills they have and the locally available resources. After all of this, the participants chose the strongest business ideas and formed a total of seven group enterprises. Over the coming weeks, together they will write their respective business plans, beginning with a list of the total business needs and start-up costs. The seven group enterprises formed include: cooking (2), decorating, tailoring, farming, chicken keeping, and hair salon.
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