Archive for the ‘Finance’ Category.
A delegation of young and aspiring entrepreneurs, led by the Young Entrepreneurs Forum (YEF) of the Islamabad Chamber of Commerce and Industry has recently participated in CAAYE Summit in Mumbai. This was a cross representation of entrepreneurs from across Pakistan, with delegates from Punjab, Khyber Pukhtunkhwa, and Sindh, who made their mark during the proceedings of the Summit.
CAAYE (Commonwealth Asia Alliance of Young Entrepreneurs) which is a Commonwealth Secretariat-supported initiative represents 8 countries from the Commonwealth Asia region, namely Malaysia, India, Singapore, Sri Lanka, Pakistan, Bangladesh, Brunei, Maldives. The focus of this year’s Summit was to share best practices and prepare recommendations for improving “access to finance” to young entrepreneurs.
Nearly 200 delegates from the 8 countries met for 3 days in Mumbai to network, build business linkages, conduct field studies, attend learning sessions and jointly prepare a set of recommendations to improve the ecosystem of youth entrepreneurship in the form of an official communiqué that will be submitted to member Governments through the Commonwealth Secretariat.
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Whatever the reason, owning your own business can be one of the most challenging, satisfying, demanding and rewarding things you do in your life. However, there are real risks and difficulties in starting any new business.
This guide is about recognizing–and minimizing–these risks and increasing your chances of success. While each business is different, there are some basic things every small business needs to succeed. Key among these are a good idea, hard work, knowledge combined with common sense and imagination, plus the willingness and determination to make an idea into reality.
Download “Organizing and Financing a Small Business”
by the Center for International Private Enterprise
Comment here or share a message with the Community of Young Entrepreneurs: firstname.lastname@example.org
How much do young firms rely on external financing? Are they affected by the business environment the same way as older firms? These questions are addressed in a recent paper by a World Bank team: “The Impact of the Business Environment on Young Firm Financing.”
It turns out that “younger firms use less formal finance and use more informal finance relative to older firms” and that “the institutional environment is disproportionally more important for younger firms.” The exception is in low-income countries, where formal financing is limited for all firms.
Continue reading ‘Impact of the Business Environment on Young Firm Financing’ »
The Egyptian Junior Business Association has published a clear and detailed guide for SMEs on access to finance. “We aimed to write a manual that would translate the language of finance professionals to SMEs and in doing so secure the financing needed for growth. A manual that would help SMEs pursue the most appropriate type of financing based on their industry and particular circumstances.”
The Guide “provides information that clarifies and explains the different types of financing options now available in Egypt. It also relates the types of financing tools to the needs of your company at different points in time.”
- How to Choose the Right Financing Option for Your Company
- How to Get That Money
- Taking Your Company to the Next Level
Download the Guide on Access to Finance. (English version)
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