Focusing on young entrepreneur development
TO BE COMPETITIVE IN TODAY’S business world, an audience member in the Bumiputera Youth Entrepreneurs Symposium asked “Does our idea have to be a new idea or something fresh out of the market?”
According to seminar speaker, CEO of Innovasia Sdn Bhd Farid Mohamad, “It depends, sometimes yes and sometimes no. If you do have the same idea, improve on it. You may see things that other current players may have not seen before.
“It is also important to recognise your competitors. Do you know your competitor/s? How are you better than them? What makes you better than them?”
Farid also stressed that it was important for people, including professional coaches, to be diverse in their knowledge on several topics.
“Although we do not have to cater to every industry, coaches who give talks must be very knowledgable. It is essential to package well information on various things so you may have wider examples and information to provide to the audience.
“The moment you coach, you have to know what you should bring. Besides the slides presentations, other promotional items such as brochures and pamphlets can also be very useful for easier understanding for the audience as well as you as the coach. Pitching (delivering a business plan verbally) is also important for business individuals to get the right people excited about your business,” Farid added.
Approximately 80 Bumiputera entrepreneurs attended the three-day Sarawak Bumiputera Youths Entrepreneurs Symposium 2015 held from Jan 22 until 24 at the Youth and Sports Complex which also saw the launch of two platforms for young entrepreneurs, the Jaringan Usahawan Mahasiswa Sarawak (JUMS) dan Koperasi Belia Usahawan Sarawak Berhad (KUBES).
The symposium organised by the Kelab Belia Tebakang Melayu was inaugurated by Works Minister Datuk Fadillah Yusof on Jan 24.
In his speech, Fadillah noted that even though the youth symposium might seem small, it was very significant for those going into entrepreneurship in gathering useful information and knowledge.
“The youth personifies the extent to which the success of our country is in the future. The strength of the country depends on the extent to which we are able to produce youths in various fields, which can master not only the areas of leadership, but in all sectors including economic and social development.
“The future of our country lies in the hands of our youth which in turn drives our community into an advanced and progressive society while ensuring a successful, prosperous, and peaceful country.”
Several speakers delivered talks in various topics of discussion which included Entrepreneurs Development Opportunities, Support Opportunities, Marketing and Advertising Opportunities, Incubator Programme Support, and Financing Opportunities.
The symposium is a joint venture of several relevant bodies and agencies including Ministry of Youth and Sports Sarawak, Bumiputera Entrepreneurs Development Unit (UPUB) under the Chief Minister’s Department, Ministry of Social Development and Urbanization, Sarawak Youth Innovation Co-operative (KOBIS), Bumiputera Agenda Driving Unit (TERAJU), New Entrepreneurs Foundation (myNEF), Cooperative Commission of Malaysia (SKM), Credit Guarantee Corporation (CGC), dan Graduate Entrepreneurs Association of Malaysia (PUGM).
Among those present at the ceremony include Director of Bumiputera Economic Empowerment Unit Dr Aishah Kasa, President of Kelab Belia Tebakang Melayu Kamarul Zaman, President of KOBIS Zaiwin Kassim, Deputy Director at Ministry of Youth and Sports Sarawak Muazamir Jili, TERAJU Sarawak head Hanizam Hashim, Project Lead of myNEF Suhaimy Abdul Rahman, Assistant Director of Malaysian Cooperative Commission (SKM) Sarawak Kamri Mustapha, Credit Guarantee Corporatrion (CGC) Kuching branch manager Mohamed Sufri, and Co-Founder and Leader of Jaringan Usahawan Mahasiswa Sarawak (JUMS) Rizwan Edris.