Entrepreneurs have unique traits. The traits include knowledge of the market, alert to opportunities, innovative and tolerant. Citizens in their home countries have noticed the existence of opportunities but a group of diaspora members is also recognizing opportunities in their home country and investing in them. Expert and policy makers are exploring ideas on how the members in other country can invest. The reason for interest in because they have noticed the money can be used in creating employment and lead to development in the country. Outlined below are ways organizations and government can commit to diaspora support services for Kenyans.
Over the years, some organization and government have come up with ways to help descendants in channel their fund to the country of origin for investment purposes. Some of the organizations are private; others funded not forgetting the government. Some of these organizations work alone while others have gone into partnership. Below are some of the ways they help entrepreneurs living in other countries.
The best way to succeed in business is to have a mentor guide you. The mentor should have experience in the field and be willing to help. This is what the organizations and the government do. The offer mentorship to those who feel they need help in starting a business. For diaspora members, they should take advantage of the opportunity.
To promote the members who are interested in setting up businesses, they offer networking platforms. Networking is communication within a group. The potential entrepreneurs are invited to meeting where they interact and exchange ideas with professional, leaders, and citizens. Such groups offer insight on how people succeed in life. Different members give their own account of how they conduct business with an aim of encouraging those who have not started to do so.
To encourage diaspora members to invest in their homeland, concerned bodies have set free training workshop for them. Training gives one confidence to try something new. Training will help members have the knowledge of how people operate their business. Besides training, they are advised on the most profitable ventures in the country.
Concerned organizations not only teach how to access funds, but also as they set up funds that entrepreneur can apply. The start-up fund aim is to at boosting those who set up businesses in certain sectors. The government or the private institutions can inject funds into the business and the owners can repay them later. Some may be interested in seen how the funds are utilized at different stages of the business while others are not involved in running of a business.
The other form of funding is receiving funds from angel investors. These companies provide seed capital to those who have businesses in most vibrant sectors of the economy. Once you sign a contract with them, they release funds to you and guide you as your business grows. They prefer you repay them after the business makes substantial profit.
Knowledge of how a business runs is important to every businessperson. It saves you the trouble of losing all your capital, investing your time and the negative emotions that come due to loss of business. The support services offered will go a long way in empowering all citizens in the country.
Over the years, some organization and government have come up with ways to help descendants in channel their fund to the country of origin for investment purposes. Some of the organizations are private; others funded not forgetting the government. Some of these organizations work alone while others have gone into partnership. Below are some of the ways they help entrepreneurs living in other countries.
The best way to succeed in business is to have a mentor guide you. The mentor should have experience in the field and be willing to help. This is what the organizations and the government do. The offer mentorship to those who feel they need help in starting a business. For diaspora members, they should take advantage of the opportunity.
To promote the members who are interested in setting up businesses, they offer networking platforms. Networking is communication within a group. The potential entrepreneurs are invited to meeting where they interact and exchange ideas with professional, leaders, and citizens. Such groups offer insight on how people succeed in life. Different members give their own account of how they conduct business with an aim of encouraging those who have not started to do so.
To encourage diaspora members to invest in their homeland, concerned bodies have set free training workshop for them. Training gives one confidence to try something new. Training will help members have the knowledge of how people operate their business. Besides training, they are advised on the most profitable ventures in the country.
Concerned organizations not only teach how to access funds, but also as they set up funds that entrepreneur can apply. The start-up fund aim is to at boosting those who set up businesses in certain sectors. The government or the private institutions can inject funds into the business and the owners can repay them later. Some may be interested in seen how the funds are utilized at different stages of the business while others are not involved in running of a business.
The other form of funding is receiving funds from angel investors. These companies provide seed capital to those who have businesses in most vibrant sectors of the economy. Once you sign a contract with them, they release funds to you and guide you as your business grows. They prefer you repay them after the business makes substantial profit.
Knowledge of how a business runs is important to every businessperson. It saves you the trouble of losing all your capital, investing your time and the negative emotions that come due to loss of business. The support services offered will go a long way in empowering all citizens in the country.
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