Entrepreneurship and innovation are the engines of any economy. Most businesses in Asia are inherited. There’s very little entrepreneurship. Encouraging economic growth involves thinking outside the box and putting infrastructure in place for entrepreneurs to contribute to society.
All new businesses at first are going to be small. They won’t be on a grand, industrial scale. Usually, I’ve found small, family-run businesses are key to getting an economy moving, especially because of the culture of entrepreneurship and initiative they create.
I believe entrepreneurs are people who have the imagination to recognize a new product, process or service, and possess the ability to make their ideas happen. Entrepreneurs, and the new businesses they create, are the engines of economic growth and job creation, which in turn underpin political stability and the growth of a civil society.
To that end, we can identify experienced and potential entrepreneurs through schools, colleges, science and technology institutes, and civic organizations. We would seek entrepreneurs from “no-tech” and “low-tech” businesses, like agriculture, handicrafts and tourism, as well as high-tech businesses. We would work closely with development agencies, which have access to many organizations to identify entrepreneurs.
The most important finding was that if you want to bring about social change, the best way to do it is through education. Education is key to moving any society forward.
It unleash the pre-notions and disbeliefs; and hence society moves forward in a positive direction.
So it is very necessary to introduce various entrepreneurship programs, like residence training, online web based training, conducting interviews on social media platforms; weekend classes in schools and colleges, private funding, etc; there is lot which we could achieve while following such methodology.
Invest in education; invest in a bright future!