Doing Business

October 09, 2012

Smes: The Business Of The Future

The government encourages Mauritians to engage in entrepreneurship. In this same spirit, the British American Investment (BAI) launched "Success.mu, Young Entrepreneur Award", a competition that aims to encourage and promote entrepreneurship. Small and medium enterprises (SMEs) would they be the spearhead of Maurice tomorrow?

"Success.mu, Young Entrepreneur Award" (YEA) is an initiative of the British American Investment Group (BAInvestment Group) in the development and entrepreneurship. The goal: to encourage and help young people achieve their dreams by turning their ideas into viable and sustainable projects.

For BAInvestment Group, an entrepreneurial spirit among young people is not only a challenging alternative to the routine work of employees, but also a powerful driver of innovation, performance, job creation and wealth begets power and social -Economic and independence.

Eddy Yeung, Chairman of the organizing committee, said the BAInvestment Group initiated the program "Success.mu" to provide these entrepreneurs "exceptional opportunity" to shine this entrepreneurial spirit, to realize their vision, invigorate their passion with boldness, determination and commitment. These young people can contribute to the improvement of the socio-economic climate and business in Mauritius and Rodrigues.

"To develop, promote and ensure the entrepreneurial spirit in our islands, we need a clear, dynamic and strong, to give hope and encourage our young people, assuring them of our support and unwavering commitment. Our mission is to frame feeding their creative and innovative spirit, nourishing their passion to accomplish a project they can be proud, that add value and bring them financial independence. "Success.mu" was created to help young people realize their dreams by infusing them with the spirit and culture of entrepreneurship, with consistent financial support of the professional, technical and material, "says our interlocutor.

Under "Success.mu" three business plans will be developed and offered by three young entrepreneurs who have been selected as the most deserving. "Success.mu" will follow and give them all the support needed for their individual visions become reality. The three winners will be accompanied by a maximum period of three years, so they can achieve their goals. This period also demonstrates our determination and commitment to develop entrepreneurship and to demonstrate our confidence in our youth and the future of the country.

Financial assistance to a maximum of one million rupees "cash" non-refundable, but tailored to the project will be awarded to each winner as capital to start his business. Professional support and business over a period of up to three years, and an additional estimated at Rs 2 million per win, which include equipment, a professional and technical assistance, training and personal monitoring, support for networks local and foreign distribution ", says the Chairman.

Maurice has 100 000 SMEs

All participants will be 'shortlisted' receive extensive training in entrepreneurship, the development of a business plan, as well as all stages of business creation, marketing, product distribution and operations management , says Eddy Yeung. Professional services will be retained by the "Young Entrepreneur Academy Centosis" whose premises are to Ebony to provide such training and advice to entrepreneurs.

Ideas of each participant remains strictly confidential and rule 'copyright' is imposed on each project, says our interlocutor. This year, the program is open to everyone, even those beyond 40 years. If the "Young Entrepreneur Award" encourages young people, those with "a young and innovative spirit" of Mauritius and Rodrigues may also participate. Registration forms are available in the branches of the BAI and Bramer Bank.

Eddy Yeung said that Mauritius has at least 100,000 SMEs. They employ about 248,000 people, which represents 44% of employees in the country. The contribution of SMEs to the "Gross Domestic Price" which is about 20% remained stable in recent years. The contribution of SMEs to generate employment at the national level has remained between 43% to 45%.

She has 20 years of success to its fluff

Sylvette Krück is the perfect example of a woman who managed his business through perseverance and tireless efforts. Owner and manager Wally Plush Toys, located in Little River, it has not only led his company to the top, but it has also created jobs.

For 20 years she earns a living by making lint. It has the look frail, but the appearance is deceptive. This little lady is full of energy. "I am a fulfilled woman with my business. At the time, I started this business with my husband who is now deceased. But despite his departure, I did not stop, "says she.

The idea of lint germinated while she was in Germany with her husband. She had the chance to work in this area, before coming to Mauritius to open his own company, which today is flourishing.

"At Wally Plush Toys We produce plush toys, stuffed animals and clothing puppets teaching. 80% of our products are for export. 10% are sold on the regional market and 10% of the local market, especially tourists. 150 women working in my company and they are highly motivated. At Wally Plush Toys, women are paid very well, even more than men, in comparison to other firms, "she said.

"With the experience gained over the years, I can say today that I am the head of a dynamic, flexible and effective," concludes Sylvette Krück.

An exit for women

Women in Networking (WIN) and the Association of Mauritian women entrepreneurs (AMFCE) are associations that promote entrepreneurship among women. Georgina Ragaven, WIN, explains that through their events, they encourage youth and women towards entrepreneurship: "Not only these people can make a job of their own, but can also participate in the creation of jobs.

Having your own business is a project that today can be achieved through various facilities and programs tailored. There was a time when everyone wanted only 'white collar jobs', but now the situation has changed. Having your own business has become for many a dream. Some succeeded. They are now at the head of large companies, with a staff nombereux, and negotiate with foreign countries, "she says.

Shenaz Bibi Sooba is the first woman president of the Community Centre and the Martial Gabriel'' Innovative Women Association '. It is walk-in the struggle for the emancipation of women. Decorated 'President's Meritorious Service Medal, in 2009, she is also a graduate of the Entrepreneurship Development Programme for 2010-2011. She won the 1st prize in 'Gender Governance at "3rd Annual Southern African Gender and Justice and Local Governement Summit Award" which was held from 23 to 25 April 2012 in Johannesburg. Adviser Relating to Women Migrant Workers and the Ministry of Labour, and now an executive member of the National Women Entrepreneur Council, Shenaz Bibi Sooba argues that entrepreneurship has helped many women to earn their living.

"There were micro-enterprises in the late 90s and then SMEs. Labour Minister Shakeel Mohamed, encourages other women through various programs put in place to turn to the SME sector. There is training that is also very important, and fairs where they can sell their products, "says our interlocutor.

Shenaz Bibi Sooba argues that women are channeled to different products, because they can not all do the same thing. If Shenaz believes that there is room for SMEs in Mauritius, she stressed that it is the best that survive. Thus, she explained that counseling sessions are dished out to women entrepreneurs.

"If everyone does the same thing, there will be competition and some contractors will struggle to sell their products. This can be seen through the fairs. It is he who has the best product that sells. We then try to channel the other various products. We let them do what they want to start and then if that does not work, we refer them to new markets. We must also think to innovate with new products. This is what keeps a business alive, "she said.

The SMEDA: A facilitator size

For its part, the director of "Small and Medium Enterprise Development Authority" (SMEDA), Indranee Seebun, agrees Eddy Yeung and confirms its numbers. "SMEs contribute significantly to the economy. They not only run their own businesses, but also generate jobs. This is the vision we have for those who want to get into this field. I appeal especially to young people. Moreover, we have programs that encourage them to "Be your own boss," she says.

Indranee Seebun welcomes the initiative "Success.mu" and hopes that this will truly be a success and that it will promote SMEs. She feels the need to encourage the development of such events.

"In terms of SMEDA, we offer access to information, financing and help SMEs to sell their products by organizing fairs throughout the year. We supervise people who come to see us, giving them the necessary training. We handlebars. If trends are pushed to the food, clothing and handicrafts, we channel entrepreneurs to different sectors, and encourage them to innovate and diversify, so that everyone does not the same thing not to face competition. We also encourage the rebranding, "said the Director of SMEDA.

Several formations with multiple sponsors, are in various parts of the island, Triolet, St Pierre and Good reception, where entrepreneurs learn everything, says our interlocutor. It also launching an appeal to all those who want to start their own business, do not hesitate to turn to for help SMEDA.

"Be your own boss." This gives you a status in society. You can work at your own pace and according to your wishes. Today, judging by the numbers, people are interested in this area and recognize its value. Among SMEs, there are 51% women. We first introduce innovations at the SMEDA. It is important to innovate in business she says.

 

 

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