Entrepreneurship development – Shiawase Win http://shiawase-win.com/ Tue, 17 May 2022 04:13:13 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://shiawase-win.com/wp-content/uploads/2022/01/profile-30-150x150.png Entrepreneurship development – Shiawase Win http://shiawase-win.com/ 32 32 Business Loan Requirements: How to Obtain One https://shiawase-win.com/business-loan-requirements-how-to-obtain-one/ Tue, 17 May 2022 04:12:33 +0000 https://shiawase-win.com/?p=284 Taking out a business loan which is available via greendayonline.com to meet payroll or acquire inventory can give funding to assist you through tough times, boost your cash flow, or help you develop your firm. While each lender has its criteria, particular standard business loans must keep in mind as you apply. 1. Credit Scores […]]]>

Taking out a business loan which is available via greendayonline.com to meet payroll or acquire inventory can give funding to assist you through tough times, boost your cash flow, or help you develop your firm.

While each lender has its criteria, particular standard business loans must keep in mind as you apply.

1. Credit Scores for Businesses and Individuals

When you apply for a business loan, the lender will often look at both your personal and business credit ratings to determine the risk you represent. While a low personal credit score might harm your approval prospects, a high personal credit score can increase your chances of approval and help you achieve a cheaper interest rate.

What constitutes a good or poor personal credit score varies according to the credit scoring algorithm and internal rules. One of the most extensively used credit scoring models, FICO measures creditworthiness on a scale of 300 to 850. While a score of less than 580 is deemed poor, at least 670 is considered acceptable.

While minimum credit score criteria vary by lender, some internet lenders may accept you for a business loan with as little as a 500 personal credit score. However, a typical lender, such as a bank may need a minimum credit score of 680.

As with personal credit ratings, what constitutes a good or negative corporate credit score varies according to the credit scoring methodology. The (D&B) Dun & Bradstreet PAYDEX score, one of the most widely used corporate credit rating models, spans from zero to one hundred. An excellent business credit score is between 80 and 100; a negative business credit score is between 0 and 49.

2. Annual Revenue and Profitability of the Business

Lenders often need a minimum yearly income level, and some require a minimum monthly revenue level. A lender will require bank records and income tax returns from your company to verify its profits. You may submit your bank statements manually or, if accessible, enable a lender to connect to your bank and examine them for you.

Additionally, some lenders may need to view your profit and loss figures to verify whether you have a sufficient positive cash flow to repay the loan.

3. Duration of Business

Businesses with a more extended history of business have a better probability of loan acceptance. While minimum time requirements vary per lender, it is usual for conventional lenders to ask that you have been in the company for at least two years. Applicants to online lenders are often required to have been in the company for at least six months.

This criterion, however, may change based on the form of company funding. For instance, when it comes to invoice factoring, which is selling unpaid invoices to a factoring firm, a lender may demand that you have been in business for no more than three months.

4. Debt-to-Gross Domestic Product Ratio

Specific lenders will examine your debt-to-income (DTI) ratio to decide if you can afford the further debt. Your DTI ratio compares your monthly debt to your gross monthly income.

The DTI ratio is calculated by dividing your monthly debt by your gross income. If your monthly loan payment is $10,000 and your gross monthly income is $20,000, your DTI ratio is 50% ($10,000/$20,000).

A higher DTI ratio indicates a riskier borrower. Since lenders have varied minimum DTI requirements, it’s best to keep your DTI below 43%.

5. Debt repayment Ratio of Coverage

Another ratio used by specific lenders is the debt-service coverage ratio (DSCR), which compares your business’s yearly net operating income to its total debt. Bear in mind that annual net operating income refers to profits before interest, taxes, depreciation, and amortization (EBITDA).

Divide your business’s EBITDA by its total yearly debt to get your DSCR. For example, if an organization’s EBITDA is $100,000 and its annual total debt (including the business loan you are requesting) is $80,000, the DSCR is 1.25 ($100,000/$80,000). A ratio more significant than one indicates to a lender that your organization will likely have sufficient revenue after costs.

Although DSCR criteria vary per lender, SBA loans in the United States demand a DSCR of at least 1.15.

6. Security for Secured Loans

Lenders give business loans on both an unsecured and secured basis. With a secured loan, you must pledge valuable assets as security that the lender may seize if you fail.

Collateral requirements vary by loan type. For example, you may get financing to acquire a company asset, such as equipment, a commercial car, or commercial real estate. In such a case, the collateral would be the support received. This implies that if you acquire business equipment, such as a printer, the printer will act as collateral.

Additionally, some lenders may need a personal guarantee, which means you agree to repay the loan with your assets if the firm defaults.

7. Your Industry Is Vital

Your industry also plays a role in determining whether you qualify for a loan. Each sector has a unique risk profile, and specific lenders are prohibited from lending to particular industries, such as adult entertainment, gaming, and not-for-profit organizations. Before applying, contact the lender to confirm if your sector is eligible.

8. Business Strategy

Specific lenders, mainly if you are a startup, may need you to provide your business plan, which may contain the following:

  • Financial forecasts
  • The funding will be used for the following purposes:
  • Prospects for the industry
  • Analyses of competitors

Your plan should clarify how you expect to utilize the loan money and provide a five-year cash flow, income, and cost estimate. If you’re confused about how to construct a business plan, the SBA’s website has example business plans.

Commonly Required Documents for Business Loans

Gather the essential documentation before applying for a small business loan. A lender will almost certainly need any or all of the following:

  • Account statements
  • Individual and corporate income tax returns
  • Licenses and permissions for businesses
  • Identification Number for Employees (EIN)
  • Evidence of collateral
  • Statement of financial position
  • A copy of your business lease
  • Other debts disclosed
  • Aging of accounts due and receivable
  • Possessions and ties
  • Contracts and agreements that are legally binding
  • Your automobile driver’s license
  • Insurance policies for businesses
  • Payroll logs
  • Documents of incorporation
  • Business strategy

Before applying, examine your lender’s website and contact them to get a list of all needed papers.

The Following Steps: Determine the Type of Business Financing You Require

After learning how to apply for a business line of credit or loan, the next step is choosing the best company loan for your specific requirements. Term loans, invoice factoring, SBA loans, company lines of credit, working capital loans, and equipment financing are popular forms of small business loans.

]]>
How will IIT Delhi’s Entrepreneurship Development Program help in setting up businesses? https://shiawase-win.com/how-will-iit-delhis-entrepreneurship-development-program-help-in-setting-up-businesses/ Wed, 11 May 2022 12:40:00 +0000 https://shiawase-win.com/how-will-iit-delhis-entrepreneurship-development-program-help-in-setting-up-businesses/ India’s entrepreneurial activity has witnessed unprecedented growth and development and has contributed significantly to the economic development of the country. It is the third largest source of start-ups in the world and has been ranked the second most entrepreneurial country in the world ahead of major economic powers such as the United States, China and […]]]>

India’s entrepreneurial activity has witnessed unprecedented growth and development and has contributed significantly to the economic development of the country. It is the third largest source of start-ups in the world and has been ranked the second most entrepreneurial country in the world ahead of major economic powers such as the United States, China and the United Kingdom. The Indian start-up ecosystem has grown exponentially between 2015 and 2021, recording a 9-fold increase in the number of investors; a 7-fold increase in the total financing of Start-ups; a 7-fold increase in the number of incubators.

Indian entrepreneurs have opened up new avenues of wealth creation, provided consumers with new products and services and generated jobs. They have also made optimal use of technology to enable the growth of their business models and create a market for their offerings. A fusion of innovation, human talent and technology has led to several for-profit companies that have attracted international investors and a large injection of capital in recent years.

What are the key learning outcomes of IIT Delhi Senior Executive Management Program in Entrepreneurship Development?

  • The immersive program with a consultative learning approach will help participants develop an entrepreneurial mindset and guide them with practical knowledge and essential perspectives on entrepreneurship. At the end of the programme, learners:-
  • Benefit from a well-designed platform to immerse yourself in the entrepreneurial culture and be part of the entrepreneurial ecosystem.
  • Learn how to nurture valuable business ideas and incubate and fund worthwhile business opportunities.
  • Equip yourself with ingrained skills to imagine, establish, grow and grow entrepreneurial ventures.

IIT Delhi’s Executive Management Program in Entrepreneurship Development includes:

  • Entrepreneurial ecosystem and business creation
  • Creativity, Innovation and Design Thinking
  • Marketing Management and Digital Marketing
  • Marketing research for entrepreneurship
  • Business operations and decisions
  • Strategic leadership and team management
  • Entrepreneurial finance
  • Business plan development and presentation skills
  • Funding for entrepreneurial initiatives and mentoring
  • Business laws and political regulations
  • Develop and scale up entrepreneurial ventures
  • Management of entrepreneurial failure

Who is the program for?

Congratulations!

You have successfully voted

  • Aspiring entrepreneurs who want to start their own business
  • Working professionals who want to be their own boss
  • Professionals such as doctors, lawyers, artists, photographers, designers, wanting to start a business
  • Graduates of engineering schools/universities, who have good skills and wish to take the start-up path
mediawire_image_0

Program Completion Certificate

At the end of the program, participants who achieve at least 60% overall marks and a minimum attendance of 60% will receive a Certificate of Completion from IIT Delhi CEP. Those who achieve less than 60% overall marks and have a minimum attendance of 60% will receive a certificate of attendance from IIT Delhi CEP.

Program Details

Starts on: June 26, 2022

Program Fee: 1,00,000 + GST

Application deadline: May 15, 2022

To learn more about the program and to apply, click here

About ITI Delhi

The Indian Institute of Technology Delhi (IIT Delhi) is one of the initial 5 IITs established for training, research and development in science, engineering and technology in India. Established as the College of Engineering in 1961, the Institute was later declared an Institution of National Importance under the “Institutes of Technology (Amendment) Act 1963” and renamed “Indian Institute of Technology Delhi” . It was then granted Deemed University status with the power to decide its own academic policy, conduct its own examinations and award its own degrees.

Since its inception, over 48,000 students have graduated from IIT Delhi in various disciplines including engineering, physical sciences, management, and humanities and social sciences. Of these, nearly 5,070 have obtained a doctorate. The rest have earned master’s degrees in engineering, science and business administration. These alumni now work as scientists, technologists, business leaders and entrepreneurs. There are several alumni who have moved away from their original disciplines and have turned to administrative services, active politics or are with NGOs. In doing so, they have contributed significantly to nation building and industrialization worldwide.

Disclaimer: Content produced by Times Professional Learning (TPL)

]]>
Entrepreneurship Development in Universities – The Namibian https://shiawase-win.com/entrepreneurship-development-in-universities-the-namibian/ Sat, 23 Apr 2022 06:00:08 +0000 https://shiawase-win.com/entrepreneurship-development-in-universities-the-namibian/ MEIKE NEITZ A STUDY by an American-African research group paints a bleak picture of the higher education sector in Africa, saying current curricula are failing to train the younger generation in entrepreneurship and critical thinking. Currently, it does not prepare and encourage young people to be entrepreneurs, i.e. job creators themselves, but rather paves the […]]]>

MEIKE NEITZ

A STUDY by an American-African research group paints a bleak picture of the higher education sector in Africa, saying current curricula are failing to train the younger generation in entrepreneurship and critical thinking.

Currently, it does not prepare and encourage young people to be entrepreneurs, i.e. job creators themselves, but rather paves the way to seek employment mainly in the public sector. .

Behind the study is the Alliance for African Partnership (AAP), a collaboration between Michigan State University and partner universities across the African continent.

The report criticizes the curricula of many African countries for leaving “little room for innovation and creativity”.

The report, titled “The Young Entrepreneur Ecosystem for Sustainable Development in Sub-Saharan Africa”, was conducted in nine African countries: Botswana, Kenya, Malawi, Mali, Nigeria, Uganda, Senegal, South Africa and Tanzania.

He found that: “Entrepreneurship education is a common challenge. Although universities, vocational schools and non-governmental organizations (NGOs) contribute to entrepreneurship education, there is a notable skills gap in each participating country.

In his foreword, Richard Mkandawire, Director of the AAP Africa office, says, “This work provides critical insight into the intense obstacles facing young people, thousands of whom have dropped out of school systems prematurely, as well as the identification of opportunities to support young people to overcome these obstacles. . .

“It helps African higher education institutions re-examine the approaches they have honed over decades of engagement in teaching and researching youth in Africa.”

The 180-page report does not whitewash the major challenges that African countries are currently facing.

“Empowerment is not just a word; strategies and resources should accompany it. This study reveals that lack of access to funds, technology, land, information and communication technologies and markets hinders youth entrepreneurship. Information sharing and access to valuable resources and services are as important as training to empower young people in Africa,” he said.

An interesting finding of the report is that not only is there a lack of an entrepreneurial mindset, but also simple self-promotion tools for job seekers.

“Young Africans still face unemployment because the skills they acquire are often incompatible with the job market. It has been found that young people often lack the marketing skills to sell their talent to potential investors or employers.

“Communication and business management run parallel and need to be developed in entrepreneurship education.”

Giving a glimpse of hope, the report points out that graduates of technical and vocational education and training institutions in many countries were often better equipped for corporate jobs and self-employment, which can mainly be attributed to their practice. more practical. oriented training and development of skills received in the establishments.

The report, released this month, not only highlights shortcomings, but also gives concrete recommendations: “Ecosystem actors, including government as a key stakeholder, should create an enabling environment by promoting youth-specific financing mechanisms, access to markets, policies, infrastructure and support programs contributing to sustainable youth entrepreneurial activities within and across local borders.

It suggests dedicated entrepreneurship programs for graduates and recommends integrating entrepreneurship education from the earliest stages of education.

The authors go on to say that higher institutions’ development of the “entrepreneurial ecosystem” should ideally be done in close collaboration with external stakeholders, including NGOs and the private sector.

The study also highlights that entrepreneurship cannot be taught effectively if its teachers only have a theoretical understanding of it.

“They need to have some form of entrepreneurial experience in order to improve their teaching methodologies, and there needs to be a program to support ongoing teacher development. Therefore, coordinated efforts to bridge the gap between theory and practice must be undertaken,” he says.

Higher education institutions are advised to work closely with other players in the entrepreneurship ecosystem to avoid duplication of activities or the creation of silos.

One recommendation is “to have intermediary institutions or agents that coordinate entrepreneurial activities towards a common goal”.

The report further states: “Universities could bring in local alumni and experts to serve as mentors, coaches and funders of student entrepreneurial activities.

Finally, as many large companies are based on a customer-centric approach, this should also be the case for the development of entrepreneurship: “The entrepreneurial ecosystem should be built from the point of view of the entrepreneur, focusing focusing on the enrichment of entrepreneurial mindset and skills, and towards entrepreneurial activities aligned with the Sustainable Development Goals.

In Namibia, the situation has not been much different in recent years, but that is about to change.

Developing more entrepreneurs within universities is one of the aims of Anicia Peters, pro-vice chancellor for research, innovation and development at the University of Namibia.

She says university principals have realized that the traditional curriculum falls short of the demands of rapidly changing economies, where entrepreneurs are the backbone of the economy and the engine of innovation.

“We have launched more entrepreneurship training and incubation programs through our Chancellor’s Innovation Fund and the IA Agriculture Incubator. We are also expanding our partnership with local and international entrepreneurship ecosystem players like Dololo, StartUp Namibia, Gen Namibia and Ambitious Africa, which we are extremely excited about.

“I’m sure we’ll see more successful entrepreneurs coming out of Namibian universities in the near future,” she says.

The full report can be viewed on the African Partnership Alliance website.

]]>
York Entrepreneurship Development Institute enables accessible education with new entrepreneurship and small business management degree program https://shiawase-win.com/york-entrepreneurship-development-institute-enables-accessible-education-with-new-entrepreneurship-and-small-business-management-degree-program/ Tue, 12 Apr 2022 13:00:00 +0000 https://shiawase-win.com/york-entrepreneurship-development-institute-enables-accessible-education-with-new-entrepreneurship-and-small-business-management-degree-program/ TORONTO, April 12, 2022–(BUSINESS WIRE)–Canadian students can now access a high-quality education for free, thanks to an innovative new degree program offered by the York Entrepreneurship Development Institute (YEDI). The Entrepreneurship and Small Business Management degree program is an unparalleled educational opportunity created to address the lack of accessible, high-level education available to Canadian business […]]]>

TORONTO, April 12, 2022–(BUSINESS WIRE)–Canadian students can now access a high-quality education for free, thanks to an innovative new degree program offered by the York Entrepreneurship Development Institute (YEDI).

The Entrepreneurship and Small Business Management degree program is an unparalleled educational opportunity created to address the lack of accessible, high-level education available to Canadian business professionals. Offered tuition-free to eligible Canadians, this program will give professionals the tools, training, and resources to attract investors and operate successfully in today’s competitive business ecosystem. With 8/10 YEDI alumni requesting more in-depth educational programs, the institution saw an opportunity to provide valuable and accessible education coupled with YEDI’s long track record of accelerating successful businesses.

“We are bridging the gap between accessible education and high quality education“, says Marat Ressin, President of YEDI. “By making this program accessible to everyone, we can ensure that lack of knowledge and inexperience does not hold Canadian business owners and entrepreneurs back. I have always believed in the importance of social impact and the value that these Canadian professionals can add when given the opportunity to maximize their professional potential.”

As a Canadian charity, YEDI is committed to ensuring that its world-class educational programs are accessible and affordable for all Canadians. To deliver on this commitment, YEDI has secured funding to ensure that all interested Canadian entrepreneurs and small business owners have access to the program, completely tuition-free. Free access to the program is conditional on academic performance, with a minimum required average of 80% per semester. The first cohort of the Entrepreneurship and Small Business Management degree program will take place in September 2022, with approximately 50 participants from unique industries and businesses across the country. The program offers four key curriculum components – strategic planning, financial planning, marketing and sales, and management and operations. The one-year program will consist of 42 weeks of instruction and will be available with online, hybrid and classroom options.

“I started my business with an idea, but without formal business training. I never considered enrolling in a business program, but discovering YEDI changed my business trajectory and allowed me to acquire business acumen that I didn’t know I lacked. The fact that this program was tuition-free, part-time, and applicable made a profound and immediate difference in my business. The connections, resources, and support acquired have propelled my business at a pace I never thought possible. – Vlad Zhitnikov, Cloud IT! And YEDI alumni.

YEDI is currently accepting applications for the 2022 Entrepreneurship and Small Business Management Diploma Program. Interested persons can learn more and apply for the 2022 cohort by visiting; the Entrepreneurship and Small Business Management Degree Program webpage. Applications will remain open until 01 June 2022, with courses due to start in September 2022.

York Entrepreneurship Development Institute: YEDI’s mission is to educate, inspire and nurture entrepreneurs and nonprofit leaders with unparalleled programs, resources and mentorship that enable them to drive innovation and generate prosperity in Canada and around the world.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220408005584/en/

contacts

MEDIA CONTACT: Emma Whiten, Jelly Marketing | emma@jellymarketing.com | 604.674.3559 ext 8

]]>
FCMB renews its commitment to entrepreneurship development and engages business leaders https://shiawase-win.com/fcmb-renews-its-commitment-to-entrepreneurship-development-and-engages-business-leaders/ Mon, 14 Mar 2022 08:45:41 +0000 https://shiawase-win.com/fcmb-renews-its-commitment-to-entrepreneurship-development-and-engages-business-leaders/ The FIRST City Monument Bank (FCMB) has reiterated its commitment to promoting entrepreneurship, knowledge sharing and capacity building through its latest initiative known as the “Top-5-in-5” series. The series, according to the bank, was designed to give small and medium-sized enterprises (SMEs) a practical insight into different areas of business and inspire them to achieve […]]]>

The FIRST City Monument Bank (FCMB) has reiterated its commitment to promoting entrepreneurship, knowledge sharing and capacity building through its latest initiative known as the “Top-5-in-5” series.

The series, according to the bank, was designed to give small and medium-sized enterprises (SMEs) a practical insight into different areas of business and inspire them to achieve optimal results.

Entrepreneurs, especially startups, have been tasked with acquiring the right knowledge and skills if they are to succeed and stand the test of time in a rapidly changing business environment.

Twelve celebrity business leaders and entrepreneurs made the call during Season 2 of FCMB’s capacity-building series, Top-5-in-5.

Offering advice on a wide range of topics, business leaders noted that no entrepreneur could stand the test of time without the right skills and offerings aligned with market needs.

They added that companies need to think broadly and deliver solutions that exceed expectations to achieve peak performance and sustainable growth.

Speaking on “How to grow a local startup with global appeal”, Mitchell Elegbe, CEO of Interswitch Limited, said entrepreneurs need to have a unique business model and be clear about the products or services they are offering to the public. .

“Clients come to you because they have a challenge, and you’ve created a solution to solve that problem,” he says. Having a clear idea of ​​the problem you are solving translates directly to your business success, especially when it comes to monetizing your solutions to achieve the bottom line.

For his part, Nkechi Wigwe, Business Manager, Africa Development Centre, believes that given the challenges posed by COVID-19, which has led to employees working remotely, entrepreneurs should provide the necessary tools for their staff to work effectively.

She also urged them to adopt the right technology, policies and processes to stay relevant and competitive.

Also speaking on the topic “How to Create Awareness Priority on a Budget”, X3M Group CEO Mr. Steve Babaeko advised entrepreneurs to create a strong network of partners and customers.

“Networking gives you the opportunity to find others who are in similar circumstances or who can buy your business. When you network appropriately, doors start to open and your brand is a priority. building professional relationships can help you attract new customers, retain existing customers and manage your reputation.Your network is your net worth,” he said.

In his presentation on “How to Handle Tax Issues as a Small Business Owner”, Mr. Taiwo Oyedele, Tax Policy Partner and Africa Tax Manager at PriceWaterhouseCoopers, highlighted the importance of professionalism, best business practices and record keeping.

He said that “cutting corners will not last. It won’t get you far, especially if you plan to grow your business, grow, and become a big organization. Make sure you commit to doing the right thing, including following laws, regulations, and paying taxes. It is much more affordable to do the right thing. Although tax compliance can be complicated, having the right knowledge can help you,”

Mr. Emeka Eboegbune, Group Technology Program Manager at FCMB Group Plc, also offered advice on “How to Harness Technology to Transform Your Business”. He advised entrepreneurs to leverage digital platforms to market their products and services.

“To succeed in the digital space, you need to focus on the people who work with you. First, consider the skills of your employees. The more digitally-minded employees you have, the easier it is for your organization to grow and succeed. You need to continually refresh your product and react very quickly to market changes. Keep your finger on the pulse of your business; know where customers are going, why they are going there and what they need The data will help you with this.

Other prominent thought leaders and experts featured in this year’s FCMB Top-5-in-5 series include Olori Boye Ajayi, President, Borderless Trade Network; Ifedayo Durosinmi-Etti, CEO of Herconomy; Mr. Joseph Edgar, theater producer/investment banker; Nike Majekodunmi, CEO of Nuts About Cakes; Tomiwa Aladekomo, CEO of Big Cabal Media and Dr. Echefu Ukattah, Senior Partner at Olaniwun Ajayi Legal Practitioners.

The FCMB Top 5-in-5 series aims to make it easier for existing startups to run successful businesses. Topics for this year’s edition cover entrepreneurship, marketing, technology, personal development, legal issues, among others.

Like the previous season, the series positions FCMB as an industry leader, empowering entrepreneurs and businesses nationwide to operate, sustainably grow and improve.



ORITAMEFA BAPTIST MODEL SCHOOLS, (OBMS), IBADAN
THE JSS1 ENTRANCE EXAM FOR 2022/2023 IS ON SATURDAY APRIL 2, 2022 AT 8:00 AM.
OBMS….. Excellence Through Integrity




OPPORTUNITY TO EARN MONEY – We will pay you in naira or dollars (depending on your preference) directly into your nominated bank account as you will earn from one or more businesses we invest in ranging from real estate, agriculture, transportation, construction, metals, crude oil, aviation, hospitality, etc. click here for all the details


Nigerians can now earn US dollars by working directly with US companies as affiliate partners, you get paid just for helping them promote their offers online, earnings can be up to $750 per week,
Click here to find out more


]]>
JKEDI Announces Entrepreneurship Development Program; Will provide loan up to Rs. 5 Lakhs to women https://shiawase-win.com/jkedi-announces-entrepreneurship-development-program-will-provide-loan-up-to-rs-5-lakhs-to-women/ Wed, 09 Mar 2022 06:28:44 +0000 https://shiawase-win.com/jkedi-announces-entrepreneurship-development-program-will-provide-loan-up-to-rs-5-lakhs-to-women/ The Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) today launched the Entrepreneurship Development Program (EDP) under the Tejaswani (The Radiant) Livelihood Programme, a special initiative of Mission Youth aimed at empowering young women by allowing them to become self-sufficient. Jammu […]]]>



The Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) today launched the Entrepreneurship Development Program (EDP) under the Tejaswani (The Radiant) Livelihood Programme, a special initiative of Mission Youth aimed at empowering young women by allowing them to become self-sufficient.








Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) has inaugurated the Entrepreneurship Development Program (EDP)





the Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) inaugurated on Entrepreneurship development Program (EDP) on March 8, 2022 as part of the Tejaswani (The Radiant) Subsistence dieta unique effort by Mission Youth to empower young women and enable them to become self-sufficient.












This initiative was first launched in 12 districts in the union territory during the first phase, with all remaining districts expected to be covered by the program in the coming days.

In Jammu region, 204 candidates from Samba, Doda, Kathua, ReasiRamban and Udhampur participated in the PDE, while 142 candidates from Kashmir region participated in the program at Budgam, Srinagar, KulgamBaramulla, Bandipora and Ganderbal.

During the EDP, candidates will learn basic business concepts such as forming business plans, market strategy, account management, and a variety of other relevant topics.












“Today is International Women’s Day, and there couldn’t be a better day to launch a program for aspiring women. women entrepreneurs. This program will help them to earn a living with dignity”, affirmed Anil Koul, director of JKEDI.

The objective of the program is to provide financial assistance to young women for the creation of profitable self-employment businesses adapted to their skills, training, aptitudes and local conditions. Women entrepreneurs must be facilitated to benefit from financial assistance within the framework of Mudra loan from J&K Bank to the extent of Rs.5.00 lakh.












Mission Youth, J&K will provide an amount of Rs.50000 or 10% of the project cost (whichever is the minimum) as a grant.

Additionally, Mission Youth will support the interest component of the loan as a special incentive. This initiative will improve their socio-economic status and lead to the involvement of women in nation building.







]]>
Entrepreneurship Development Program Begins at SMVDU – Jammu Kashmir Latest News | Tourism https://shiawase-win.com/entrepreneurship-development-program-begins-at-smvdu-jammu-kashmir-latest-news-tourism/ Mon, 07 Mar 2022 21:48:56 +0000 https://shiawase-win.com/entrepreneurship-development-program-begins-at-smvdu-jammu-kashmir-latest-news-tourism/ The Vice Chancellor of SMVDU presents a keepsake to Director Industries at the grand opening of EDP on Monday. Excelsior Correspondent KATRA, March 7: Eight-day “Entrepreneurship Development Program”, organized by the Entrepreneurship Development Cell of SMVD University and sponsored by the Department of Higher Education, J&K, started here today today.The program has been designed for […]]]>
The Vice Chancellor of SMVDU presents a keepsake to Director Industries at the grand opening of EDP on Monday.

Excelsior Correspondent

KATRA, March 7: Eight-day “Entrepreneurship Development Program”, organized by the Entrepreneurship Development Cell of SMVD University and sponsored by the Department of Higher Education, J&K, started here today today.
The program has been designed for students with the participation of about 75 students from different colleges of JK.
In the keynote speech, SMVDU Vice Chancellor Prof. R.K. Sinha motivated students to become job creators rather than job seekers and advised them to apply knowledge to pursue their interests.
Anoo Malhotra, Director, Industries & Commerce, who was the guest of honor at the inaugural ceremony, emphasized the adoption of green ways of industrialization and the knowledge of local resources. She highlighted the opportunities available in various J&K UT schemes.
Dr. Yasmeen Ashai, Director of Colleges, Department of Higher Education J&K, focused on reforms in higher education courses through technology and entrepreneurship.
Earlier, Dr. Supran Kr Sharma, coordinator of the program pointed out that the program was designed to sensitize the younger generation to what is happening around them. Nagendra Singh Jamwal, Registrar, SMVDU, briefed on SMVDU’s efforts to encourage innovation and identify business opportunities. Dr. Sharada Potukuchi, Dean of Academic Affairs, delivered the formal vote of thanks.

]]>
St. Xavier’s College Entrepreneurship Development Cell to host Enterprise 2022 https://shiawase-win.com/st-xaviers-college-entrepreneurship-development-cell-to-host-enterprise-2022/ Tue, 08 Feb 2022 08:00:00 +0000 https://shiawase-win.com/st-xaviers-college-entrepreneurship-development-cell-to-host-enterprise-2022/ Summary Enterprise 2022 is a virtual business simulation competition Registration open until February 9 midnight for students from colleges and universities across India shark tank you got on your toes? It’s time to apply your perfect skills at Enterprise 2022 organized by the Entrepreneurship Development Cell of St. Xavier’s College, Kolkata with Edugraph as your […]]]>

Summary

Enterprise 2022 is a virtual business simulation competition

Registration open until February 9 midnight for students from colleges and universities across India

shark tank you got on your toes? It’s time to apply your perfect skills at Enterprise 2022 organized by the Entrepreneurship Development Cell of St. Xavier’s College, Kolkata with Edugraph as your digital media partner.

The Entrepreneurial Simulation and Inter-College Business Conclave will have their preliminary rounds on February 11 and 12, while the finals are scheduled for February 26 and 27. Students can register until midnight on February 9.

Aiming to recreate a highly proactive and busy entrepreneurial environment, Enterprise is designed as a business simulation competition. The rounds put participants’ business analysis skills to the test in a near real-life scenario.

The event promises to awaken the entrepreneur in participants by launching challenges that test their theoretical and practical knowledge. Registration is open to students from colleges and universities across India. The competition will take place on digital platforms.

“Entreprise is a national entrepreneurial simulation event. We provide students with a platform to showcase their business acumen through a plethora of diverse cycles and workshops. Here you can foster interpersonal communication skills. The competition encourages you to work in a team, forces you to expand your capacity for original thinking and puts your knowledge to the test,” said Siddhart Sonthalia, a third-year economics student and director of the development unit of the entrepreneurship. .

Each team will have two participants. Their marketing skills, financial assessment abilities, public relations skills, human relations abilities and strategic management skills will be tested in several rounds held throughout the preliminary phase. The Entrepreneurship Development Cell panel will monitor team performance against pre-determined metrics and select 12 qualified teams for the final stages of the competition.

Bharat Moossaddee, Chief Financial Officer of Mahindra & Mahindra, will address students on February 10 at 10 a.m.; Tapan Singhel, Managing Director and CEO of Bajaj Allianz General Insurance, will give his perspective on the industry on Feb. 26 at 11 a.m. A panel discussion by Ankit Prasad, founder of Bobble AI; Pulkit Bhandari, Head, Corporate Finance Group, RPG Enterprises; and Sandipan Mitra, co-founder and CEO of HungerBox, will be held on February 16 at 11 a.m.

All sessions can be viewed here: https://www.youtube.com/c/EDCSXC/featured

Click here to join: https://bit.ly/ENTREPRISE-2022

Last updated on February 08, 2022

]]>
Factors Affecting Entrepreneurship Development – NewsGram https://shiawase-win.com/factors-affecting-entrepreneurship-development-newsgram/ Sat, 22 Jan 2022 09:02:38 +0000 https://shiawase-win.com/factors-affecting-entrepreneurship-development-newsgram/ BY EDUARD Becoming an entrepreneur is simple because it does not require any qualification. All you need is to make sure you have the skills and are dedicated to the job. You don’t start anything when you are perfect, but through experience you improve day by day until you become perfect. You can be an […]]]>
BY EDUARD

Becoming an entrepreneur is simple because it does not require any qualification. All you need is to make sure you have the skills and are dedicated to the job. You don’t start anything when you are perfect, but through experience you improve day by day until you become perfect. You can be an entrepreneur wherever you are. Because entrepreneurship is about identifying and developing a possible solution, it allows you to thrive in any environment. It’s because you can’t find a perfect climate and have no challenges. You can also thrive by increasing awareness of your products if you buy spotify streams when marketing via podcasts.

Read also : Develop a healthy relationship with social networks


There are certain factors such as culture, technological development, education, and economic development that you would expect to see solid entrepreneurial growth in a region. These factors can have positive or negative effects on entrepreneurship. The positive impact will provide an enabling environment for the emergence of entrepreneurship, while the negative effects will inhibit the growth of entrepreneurship. Now let’s see how each of these factors affects the development of entrepreneurship.

Capital city

Capital is a lubricant for the production process. This is the essential factor for the creation of enterprises. An augmentation of business projects in an area leads to an increase in profit which accelerates the process of capital formation. You cannot think of starting a business without capital. Companies need many things, not just skills and experience. Regardless of the size of your business, you will need to pay bills and even hire employees. All of these guns operate without capital. That is why it is considered a lubricant in the production process. Where there is sufficient capital, there will be faster development of entrepreneurship.

Where there is sufficient capital, there will be faster development of entrepreneurship.Unsplash

Labor

Every business needs manpower for its proper functioning. The easy availability of the right kind of workers also affects entrepreneurship. The success of a business is not determined by the number of workers but by the quality of work they provide. You can have so many people employed in your business, but they provide little work. The location of your business will also affect the work your workers will perform. Maybe it’s because the roads are inaccessible, so they come to work late. This problem of labor immobility can be solved by providing infrastructure, including efficient means of transport.

Quality rather than quantity also influences the emergence of entrepreneurship in a territory. Most developed countries stay ahead thanks to the quality of their workforce, which encourages entrepreneurship. The effects of labor immobility also determine the cost of labor in a country. If the road network is poor, the cost of labor will be high as workers find it difficult to move from place to place. Other factors that also affect labor mobility include economics and security. Insecurity in an area makes it difficult for people to move from their homes to their places of work for fear of being attacked, which harms the development of entrepreneurship in that area.

Raw materials

The availability of raw materials in a region leads to increased entrepreneurship. Remember, you can’t start a business without raw materials. Once you’ve decided to go into business, the first thing you need to think about is what you’re going to sell. After selecting what you want to sell, you learn about the raw materials needed to make the product you want to sell.

Image of a person working

The success of a business is not determined by the number of workers but by the quality of work they provide. Unsplash

Raw materials are the essential ingredient required in production, especially in manufacturing and processing industries. Remember that entrepreneurs are creative and innovative people. They also think differently in every situation that arises. The availability of many raw materials in an area will promote entrepreneurship. Indeed, they will allow entrepreneurs to come up with many creative ways to make different products.

On the other hand, a shortage of raw materials in a region will have a negative effect on the development of entrepreneurship. This is because it is difficult to find new ideas where there are no raw materials. Also, you cannot create an industry or production enterprise where there are no or fewer raw materials.

Marlet

The market is an important factor for the growth of entrepreneurship. In the modern world, many people are entrepreneurs and more before they even dream of becoming one in their future. This contributes to the competitive nature of businesses. Therefore, you cannot start a business without knowing the market and marketing techniques. After deciding on the product you want to sell, the next step is to check whether there are people who will consume your products or not. If so, you can continue with the product; if not, you can consider offering another product with the market available.

Even though we’re talking about the business market, it doesn’t have to be in your location. Today words have become digital and there are many ways to examine the market for your products. As a businessman, you are the one stepping out of your comfort zone and looking for the market. One of the easiest ways to market your products is through online platforms like YouTube. You can even go the extra mile and buy YouTube subscribers to increase the market for your products. Market size and composition also matter a lot when it comes to your business.

Image showing a person studying

As much as entrepreneurship does not require any qualification, it requires basic knowledge.Unsplash


Infrastructure

The expansion of entrepreneurship requires well-developed infrastructures such as transport and communication networks. It not only helps expand the market, but also expands business horizons. Well-built roads will facilitate the movement of people and goods from place to place. The fluidity of the movement of goods and people promotes the growth of entrepreneurship.

Education

Education helps to understand the outside world and to acquire the basic knowledge and skills to deal with everyday problems. As much as entrepreneurship does not require any qualification, it requires basic knowledge. The education system has an essential role to play in sharing entrepreneurial values ​​with you.

Conclusion

Entrepreneurship has brought a lot to society. However, succeeding in entrepreneurship is not easy as it takes a lot and involves many challenges. If you prepare everything necessary and have the required skills, you can easily overcome the obstacles.

(Disclaimer: This is a sponsored post and includes sponsored links.)

From articles on your site

Related articles on the web

]]>
GDC Kathua organizes a workshop on “Rural Entrepreneurship Development Programme” – India Education | Latest Education News | World Education News https://shiawase-win.com/gdc-kathua-organizes-a-workshop-on-rural-entrepreneurship-development-programme-india-education-latest-education-news-world-education-news/ Wed, 12 Jan 2022 08:00:00 +0000 https://shiawase-win.com/gdc-kathua-organizes-a-workshop-on-rural-entrepreneurship-development-programme-india-education-latest-education-news-world-education-news/ KATHUA: Government Degree College Kathua, in collaboration with the Mahatma Gandhi National Council of Rural Education, Department of Higher Education, Ministry of Education, Government of India, organized a one-day workshop on Tuesday on the theme “Rural Entrepreneurship Development Program “. The Principal of the College, Dr. MS Pathania was the guest of honour, while Prof. […]]]>

KATHUA: Government Degree College Kathua, in collaboration with the Mahatma Gandhi National Council of Rural Education, Department of Higher Education, Ministry of Education, Government of India, organized a one-day workshop on Tuesday on the theme “Rural Entrepreneurship Development Program “.

The Principal of the College, Dr. MS Pathania was the guest of honour, while Prof. Raj Kiran Sharma was the guest of honour. Shivali Choudhary, J&K REDC, UT coordinator was the workshop resource person.

The program began with a welcome speech by Professor Rakesh Singh, Head of Career Guidance and Placement Cell, GDC Kathua, who outlined the purpose and structure of the event.

The chief guest, Dr. MS Pathania, in his address, highlighted various skill development initiatives taken by the Department of Higher Education in line with the new education policy. He appreciated the role of the Orientation and Placement Unit in organizing such types of workshops for the betterment of the students.

Prof. Raj Kiran Sharma, in his address, highlighted various types of rural development programs implemented for College students and stressed that young people should become job creators rather than job seekers. use.

The resource person, Shivali Choudhary, in his deliberations, sensitized the students to the challenges of rural entrepreneurship, management, small-scale manufacturing business ideas and various activities carried out by the villagers through thought innovative.

She insisted on the good use of the resources available in the villages by the villagers through innovative ideas.

The event ended with a formal vote of thanks from Dr. Pankaj Gupta, Assistant Professor in the Department of Chemistry.

Over 100 students participated in the interactive session of the workshop. Other workshop participants included Prof. Neha Mahajan, Dr. Renu Gupta and Prof. Ram Krishan.

]]>