The Power of Entrepreneurship and how it can boost the economy

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Added:January 24 2022
Author:Charles Vincent Kaluwasha
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Slide presentations: Introduction: The "Learning Institutions and Community Entrepreneurship Club (LICEC) Program" In a new GEM study, b) Entrepreneurship's power (global entrepreneurship monitor). Entrepreneurship is practised by 10% of the 18–64-year-old population in the United States. In 42 GEM countries, 9.5% of the population has started a business. Three-quarters of the 400 wealthiest Americans on Forbes' list are self-made entrepreneurs of the first generation. About 2.3 million companies advertise in USA TODAY. More than 99.7 per cent of the businesses contributing to the economy are small businesses. 5)-Small businesses in the United States employ 52% of the private sector workforce and pay 5% of the total private payroll. Sixty to eighty per cent of nett jobs were created by small businesses between 1996 and 2006. 7)-Small businesses also contribute 5% to the GDP of the United States and 47% of all business sales. There are four times as many millionaires in the self-employed community as there are in the workforce. Innovating products, services, and processes is a key role for small businesses. Zippers and personal computers are just two examples of inventions that began with an intrapreneur's ingenuity. Air conditioning and an FM radio. The escalator. The halogen bulb. The automatic transmission in the helicopter and the rotorcraft. On the question of why western countries have stronger economies than Zambia, our research found that There are a lot of manufacturing companies in the country. If nothing else, they have a fair and secure enabling environment thanks to their economic reforms and policies. Provide and encourage school-based financial and entrepreneurial education. Spreading the tax base of the government by promoting small-scale industries is an important part of a successful economic strategy. 3) The driving force behind the creation of this programme We came up with this project after analysing this data. We've been working on this project since early 2019, and we're almost there. The EDC group We've visited all of Zambia's districts, built up bases, and hired DPFs. Slide 2's objectives are summarised here. What I've learned from working with ten different business owners is that achieving greatness is impossible without the help of others. To avoid being hammered by either your competition or your personal life (or both), even if you are industry leaders, you need the assistance of strategic partners; therefore, we've invited them on board. The "Learning Institutions and Community Entrepreneurship Club (LICEC) Program" is being implemented by EDC and CJ Investiments of Australia as the primary implementing partners in the project. Entrepreneurial Mind for Job and Wealth Creation Program is designed to help high school, college, and university students, unemployed youths, and others who are interested in starting their own businesses, as well as those working in formal and informal employment. Our vision for "A prosperous and poverty-free society with sustainable employment opportunities that guarantee wealth for its people" has been supported by companies like Prime TV and ReuMaiFab Technologies & Marketing Limited, to name just a few. Get a head start on 2022 with this mind-blowing gift! STEP 3: Define entrepreneurship. [ILO Youth Entrepreneurship Manual, 2009] a) The art of discovering viable business opportunities and mobilising resources to turn those opportunities into a successful enterprise through creativity, innovation, risk-taking, and progressive imagination. For example, the practice and process of entrepreneurship results in creativity, innovation, and enterprise growth. Engaging in entrepreneurship is critical in countries with high levels of unemployment like Zambia, where entrepreneurship shifts people from looking for work to creating it. It is an entrepreneur's job to come up with a business plan and take the risk of starting a company to meet the needs of their customers. An "entrepreneur" is a person, while an "entrepreneurial process" is what is meant by the term. e) Regardless of their gender, both men and women can be successful business owners. f) Not all business people are entrepreneurs, but every entrepreneur is a businessperson. g) He stresses the importance of new products, new manufacturing methods, and innovative business models and markets. ( JosephSchumpter) This programme needs fuel, as shown in the slide 4. 32 television shows A 32-episode TV studio-based series on entrepreneurship and small business management will be presented by Charles Kaluwasha, a highly qualified, experienced, and well-known entrepreneurship expert, as part of the "Let's Talk Entrepreneurship and Win a Prize" SMS competition. TV series on Entrepreneurship and Small Business Management are available for your viewing pleasure. As a way of saying thanks for taking part, here's a chance to win something: New Coaster Minibus, 3 Bedroom House, and Cash. There will be a weekly cash price of K3, 000 for 12 weeks, totalling a total cash prize giveaway of K36, 000, in the cash price category. Toward the end of each programme presentation, we urged you to form entrepreneurship groups in your clubs and take advantage of this wonderful opportunity. It is our hope that you will participate by sending a four-digit short code using your mobile phone with a question you have for the week. Clubs that are part of a school or community organisation To promote the "Learning Institutions and Community Entrepreneurship Club (LICEC) Programme" - Developing Entrepreneurial Mind for Job and Wealth Creation, EDC and its implementing partner CJ Investiments of Australia, as well as other supporting companies such as Prime TV and ReuMaiFab Technologies & Marketing Limited, have developed this programme with a view to creating a fund of about K10, 000,000 to support business development, job creation, and wealth creation. With the Entrepreneurship Club programme, the Zambian people will receive and improve entrepreneurship skills. Along with providing entrepreneurial skills, the programme aims to support government policies aimed at improving human development, creating jobs, and expanding the country's economy. Entrepreneurship clubs at secondary, college, and community levels should be encouraged so that we can show you how to turn them into real businesses that can generate enough income for you and create jobs for others. The clubs' members will be referred to as "The Entrepreneurs." In order to qualify for loans, you must attend entrepreneurship meetings in your club for a year.' An analogy might be the Lions Club, whose members go by the moniker "Lions." Alternative ways to provide energy for the process a) Visits by other countries' citizens b) Members of the Club will have the opportunity to visit well-established projects in their own communities, across provinces, or even internationally. Slide 5: What is the economic impact? Self-explanatory more sectors/businesses An increase in the number of jobs/businesses A nation with a healthy and vibrant population that enjoys a good quality of life We have better social services and more money in our wallets. Slide 6: Young people who are starting their own businesses. Young people will start their own businesses and hire others to work in them. Paying employees as well Taking charge of one's own destiny Boosting the economy's growth. Watch a Clip Sliding motions in SLIDE 7 At a minimum, reduce the number of people living in extreme poverty from the current 24.6%, or 8.5 million people, to a low number. 2) Reduced the high unemployment rate in the country. To close the skilled worker shortage, educational institutions should focus on teaching specific skills to their students. 4)Raise the low rates of graduates starting their own businesses. A Prosperous Middle-Income Nation, the government's national strategy to close the manufacturing labour gap and meet human capital requirements, will have the support of most Zambians by the year 2030. The following are some of the country's aspirations, as outlined in Vision 2030: Self-reliant, outward looking, and enterprising, nationals take advantage of potential and available opportunities. a) Entrepreneurial capabilities The pursuit of excellence and a commitment to high moral and ethical standards in all aspects of one's life and work. As a result of a wide range of educational curricula that are tailored to the needs of individuals and society at large. Respect for fundamental human rights and principles in the workplace All citizens can become resourceful and prosperous citizens. Slide 8: Continue building a database of information about entrepreneurs. • Increasing the number of District and Provincial Facilitators (DPFs) b) Improve the quality of our training facility c)Involve stakeholders, NGOs, Trade Unions, Church leaders, and others in the effort. Our Crowd funding platform can be accessed here. SLIDE 9 – FINAL COMMENTS This show serves as a wake-up call to get us to stop being so reliant on others or the government and take back control of our lives. It's time to get started! With the help of young people, especially, we hope to make a significant contribution to our economy and change the lives of many people. To finally unlock the next level of our lives, join hundreds of Zambians on this fantastic journey. If you're a Zambian, please pass this information on to your friends and family so that they can join this fantastic entrepreneurship club in any town or district in Zambia and reap the incredible rewards that come with membership! SLIDE 10 explains itself. Education has the potential to transform a person's life. Next, we'll cover the fundamentals of entrepreneurship. Every week, after the evening news, tune in to Prime TV and National Radio to win K3,000. Thank you so much and may God continue to bless you! I'll see you VERY SOON, I hope. Charles Kaluwasha is the host. https://cjinvestiment.com/service/entrepreneurs-development-circles/ info@cjinvestiment.com info.entredevec@gmail.com
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