In Pakistan we have undertaken the initiative of making small-scale supportive interventions to the entrepreneurial ecosystem for developing entrepreneurship so that Micro enterprises are created besides SMEs’. This is the most effective way to create ‘sustainable’ employment and generating sustainable economic activities. To achieve this coveted goal our focus is on the following interventions:
Developing networks and partnerships both with the private sector and the academic institutions of higher learning for developing incubation centers where mentors are engaged for developing cohorts of mentees as prospective entrepreneurs. From market survey, idea generation, incubation to start-up process.
We use our expertise in talent acquisition and Human Resource Development in identifying potential entrepreneurs from partner institutions through a shortlisting process and providing hands on training to prospective entrepreneurs in developing enterprises is required so as to give them real world insights into traits, techniques and methods to become successful entrepreneurs.
A holistic total supply chain perspective helps in developing entrepreneurs and creating enterprises along the supply chains till the end customer. Entrepreneurs are trained on the systems, processes and procedures that would enable them to create micro and small enterprises around their product and or services. The most significant aspect is to connect the local supply chains with higher and preferably global supply chains.
To avoid failure rates of the new start-ups, entrepreneurs are assisted through a whole portfolio of mentoring, counseling and training. Developing their KSA for resilience, positive thinking, persistence and mental robustness for surviving through trying times are honed. Creating and maintaining strong social and business networks besides life coping skills enable them to survive through any setbacks and help them sustain in the long term.