Different Events on Entrepreneurship semina held at Mzumbe University

Some of the trainings that students learnt on entrepreneurship semina are:

ENTREPRENEURSHIP

Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods".

The most obvious form of entrepreneurship is that of starting a new business.

“An ENTREPRENEUR is a well calculated risk taker”

                                        

ARE ENTREPRENEURS BORN WITH SPECIAL PERSONAL CHARACTERISTICS OR CAN INDIVIDUALS BE TRAINED TO BECOME ENTREPRENEURS?

Why Kenya seems to  excel in the East Africa on entrepreneurship issues than the rest of other countries?

It is because children are taught on Entrepreneurship and business studies since primary school while other countries children are taught after Primary school.

SOME BASIC GUIDELINES FOR STARTING A SMALL BUSINESS

1)      START SMALL, AS SMALL AS IS POSSIBLE

2)      DO NOT BORROW MONEY TO START A BUSINESS

3)      START YOUR BUSINESS AT HOME IF POSSIBLE

4)      DO SOMETHING THAT YOU LIKE DOING

5)      TAKE THE TIME TO PLAN PROPERLY

6)      ENSURE PROPER RECORD KEEPING

7)      MARKETING IN THE BASIS OF BUSINESS SUCCESS

8)      DO NOT MIX FAMILY AND BUSINESS RESOURCES

9)      KEEP IT SIMPLE

                                               UNEMPLOYMENT

As a result of this, the country is witnessing high and potentially dangerous levels of formal unemployment.

The social scientists and analysts tell us that the ground swell of anger, disappointment and frustration that we have seen in the so called “Arab Spring” was as a result of massive youth unemployment and discontent.

Therefore, any success in expanding the number of entrepreneurs and therefore new business enterprises, will;

                1) promote economic development

                2) reduce unemployment

                2) reduce social tensions related to unemployment

                3) reduce overall poverty levels

PARADIGM SHIFT NEEDED

At the university level, Tanzania has an excellent chance of transforming the national thinking on self-employment, entrepreneurship and business enterprise establishment and hence trigger a paradigm shift in the minds of the students and the youth in general from “job search” to “job creation”.