‘About my week & Policies and exit strategies @Enactus’ – Week 41 – Dina Zaouid S2524902

‘About my week & Policies and exit strategies @Enactus’ – Week 41 – Dina Zaouid S2524902

Introduction to Entrepreneurship

Hey readers, I’m glad that you’re here again! It’s been a busy week for me and I think I’m finally fully updated about all the Enactus activities, missions and visions. About that, Wow! Really wow! It’s amazing how so much youth power is involved in many enterprises, small ones as well as larger ones. Once again, I’m very happy that I’m following my internship at this association because I really can feel their passion and power when they talk about their achievements and future perspectives.

I’ll give a very short summary about the activities that I participated in this week and then I’ll quickly say something about the mindset of Enactus regarding policies and exit strategies. Last Saturday I went to the start event of Enactus Nederland, which really was awesome! I realized how big this Enactus community actually is with over 60 000 students divided among 36 countries, who together established 6500 projects worldwide! Overall, it was a very interesting day in which I learned new things from two workshops I participated in and got the chance to network with new people.

Yesterday (Thursday) I joined an Enactus VU team meeting, where I got a nice picture of the ongoing Enactus VU activities and furthermore followed a workshop about social enterprising.

Today, together with my two classmates, we had an appointment with the project manager of Enactus VU, whereby we discussed the challenge a little bit further. We came to the conclusion to gather information for next week about societal and environmental problems especially in Amsterdam so we can link those issues in our new project. After we talked about the challenge I asked the project manager how policies are involved in Enactus. A very short but powerful answer was given which stated that as a social enterprise they don’t want to be dependent of policies, and next to that if they really are successful they actually wouldn’t need any subsidies etc. because they still are an enterprise.

The exit strategy of Enactus actually was always the same. If during a project it seems that this project is not sustainable and therefore needs more money input than output, they immediately stop this project because it only leads to loss and as an enterprise this would mean that they have failed. If a project is very successful however, the used exit strategy is to transfer the business to leaders who mostly are involved in this project from the beginning and could benefit from it (money is not meant).

I see that I’ve said a lot this time but yeah, a busy week means a long blog!

Stay tuned!

Dina

Patsachon Kriengwatana, week 41, Entrepreneurship in Thailand

Patsachon Kriengwatana, week 41, Entrepreneurship in Thailand

After studying about policy perspective on entrepreneurship, it has come to me how important the government policy has on determining the creation and succession of entrepreneurship activity. Additionally, the policy is not only important to the entrepreneurs themselves, but also necessary to a development of the economics in the country.

In my country, Thailand, the number of entrepreneurs involved in early-stage entrepreneurship (TEA) is account for 18.9% of the Thai adult population. Majority of the entrepreneurs are from a Northern part, a rural area with the highest population in Thailand. Comparatively, a capital city Bangkok and other metropolitan areas show much lower number of entrepreneurship activities as urban people mostly work in corporate sectors. Most of the Thais are engaged in consumer-oriented businesses (60% of TEA) such as retailing, food services, laundry services, and accommodation renting. However, business sectors concerning innovation and information such as professional and administrative services, information and communication, financial intermediation are shown to be less attractive in Thailand. This lack of innovation constraint Thai entrepreneurs from establishing in growing competitive world market.

This year the Ministry of Commerce has developed a strategic plan to nurture and develop entrepreneurs in term of creativity, innovation and cultural capital while take into account of environment and society. The plan is to raise the standard and productivity in SMEs, create new generation of entrepreneurs, support in accessibility of capital, fund and technology and encourage a formation of business network. Additionally, with a launch of Asean Economics Community (AEC) in 2015, all 10 countries in South East Asia including Thailand will become one single market and production base. The government has a policy to help Thai entrepreneurs compete in ASEAN market by providing entrepreneurs with a fund to operate their business abroad. Instead of producing domestically and export to the target country, it is believed that direct investment and penetration into the target market will increase value-added to Thai products.

A lot of suggestions has been made about an improvement of education and training to drive the country towards an innovation-driven economy. As a Thai people, born and raised in Bangkok, I feel that our education on entrepreneurship is still lacking. Even though entrepreneurs is a desirable career choice with high status and respect in Thailand, we lack a proper education to enhance our capabilities, creativity and innovation. The government should pay more attention on entrepreneurship education from an early age, provide proper and practical training to successfully produce innovative entrepreneurs that contribute to the society and economy of Thailand. 

Patsachon Kriengwatana 2555862

References:

http://www.gemconsortium.org/teams/38/thailand

http://www2.moc.go.th/ewt_dl_link.php?nid=6613&filename=index 

Porntip Permsubhirun, Week 41, Entrepreneurship in Thailand

Porntip Permsubhirun, Week 41, Entrepreneurship in Thailand

Hi, everyone

This week, I have learned some interesting issue regarding the role of government in supporting entrepreneurship. People from different countries shared the government’s policy in their countries that support or hinder entrepreneurial activities. Therefore, aim of this blog is to share the action taken by the government in my country (Thailand) to promote entrepreneurship.

Throw back in 1998, there was a major crisis in Thailand called ‘Tom Yum Kung Crisis’. This vital incident made Thai government realized an important of SMEs on economic stimulation and economic development (e.g. vehicle for entrepreneurship, innovation and job generation). However, despite their importance, many of them encountered financing problems due to limited sources of fund or difficulty of fund accessing, which resulted in lost of opportunity to develop products. Thai government tried to solve this problem by issuing financial policies and measures to facilitate loan-granting process. For example, SMEs venture capital fund was set up to support capital raising process. Tax incentive was given and favorable funding conditions were provided. The MAI has been set up to facilitate equity-based financing for SMEs. Furthermore, as the world became more globalized, Thai government also promoted e-commerce entrepreneurship and stimulated unemployed to start their own businesses. This was done by establishing an agency to offer low-interest loans for start-up expenses, setting up Hub logistic (low-cost and effective logistic systems), and establishing telecommunication center that helped entrepreneurs gained benefit through the networking partners.

Thai Government also proposed a project called One Tambon One Product (OTOP). Tambon stands for sub-district. The aim of this project was to make a development at grass root level. OTOP helped stimulate people in a rural area to come up with their own products or added value to their local products to become more global and competitive. The project supported them to be self-reliance and creativity.

ThaiCompanyProFinder

Overall, Thailand’s ease of doing business is high because of no minimum capital requirement and less time for business registration process. However, bureaucratic red tape was a barrier to the establishment and operating of businesses (e.g. delay in approving food and health certification, complexity of rules and regulations). In addition, most of the Thais who were not being entrepreneurs have a positive attitude towards becoming an entrepreneur, but lack of readiness. They may have an idea but lacked a skill in business or strategic and creative thinking. In Thailand, only higher education attached importance to entrepreneurship, which is a significant factor limiting skills and capabilities of entrepreneurs since it should be taught from early education. Current political turmoil in Thailand made investment less attractive for both foreign and local people as it represented uncertain climate, and, therefore, may hinder entrepreneurs.

2555863

Robbert de Kruijff, week 41, News article assignment

Robbert de Kruijff, week 41, News article assignment

In this blog I will try to analyse a new article I found on something that concerns the entrepreneurial environment. I will and try to explain what this means in my opinion for entrepreneurs and entrepreneurial professionals.

I found this article in “De Financiele Telegraaf” saying that the rules made by the government to have surveillance on entrepreneurs and businesses are getting to complex due to three Dutch entrepreneur organizations.

For entrepreneurs and entrepreneurial professionals this means a lot more administrative work, time they could better spent on developing their opportunities.

I think having this many rules and as a result of those rules, having a lot more administrative work, really contradicts with an entrepreneurial environment and will not help the economy. The government should be busy helping entrepreneurs and keep them motivated to start their own business or developing their business instead of trying to make sure everything goes exactly the way the government wants it to go by setting up a big web of rules.

As a result of these rules, entrepreneurial professionals will be dealing with to many detailed problems instead of the core of entrepreneurship, creating value and creating economy. Potential entrepreneurs will be less motivated to consider starting an own business.

I do think rules genuinely could be important, as long as it improves doing business. Now, it seems there is too much work included for the entrepreneur or entrepreneurial professionals.

This week, the report written by the three Dutch entrepreneur organizations will be presented to the government. For the sake of the Dutch entrepreneurial environment and Dutch economy I hope the government will take this report into serous account and as a result will create an straightforward but strict set of rules which are easy to work with and still be able to “ catch the bad entrepreneurs and their clients”.

Tom Willemse – Week 41 – Blog news entrepreneurship industry

Tom Willemse – Week 41 – Blog news entrepreneurship industry

Entrepreneurs in the Netherlands less digitalized than we think.

Last week a shocking report was revealed by the Dutch Chambre of Commerce. The SME’s in the Netherlands don’t know what the effects are of the digitalization on their company. The Chambre of Commerce (KvK) did a research to the smart industry. The smart research is the extensive digitalisation of devices, inputs and organizations. But only 13.8% says they’re ready while another 30% says they don’t know anything about it.

Last year, several organizations including the ministry of economic affairs concluded that the Dutch SME’s need to focus more on the Smart Industry. As most Dutch SME’s we need to move up with time. As of the explosive growth of the internet and digitization, it will turn the world upside down if we don’t adept to these new events. Via the internet everything moves much faster and people are more and more visiting websites via their smart phones. It’s important to make internet applications for your company but also use other smart technologies like 3D printing, nano-technology, cloud computing and big data. These are the key words for the future. Entrepreneurs who respond to these developments, will make the successful companies of the future.

As concluded by the research of the chamber of commerce in the Netherlands, most entrepreneurs aren’t ready or don’t know anything about the smart industry. It is important to make entrepreneurs aware of the key role of the smart industry to keep the lead to be and to maintain the strong position of Dutch entrepreneurs.

Tom Willemse
2510309

Reference to the news article

RTL (2014) Ondernemend Nederland minder digitaal dan we denken. Consulted on the tenth of October. Available at: http://www.rtlnieuws.nl/economie/toekomstmakers/ondernemend-nederland-minder-digitaal-dan-we-denken

Matthijs de Mari – Week 41 – Entrepreneurship in Berlin

Matthijs de Mari – Week 41 – Entrepreneurship in Berlin

This week I want to write about entrepreneurship in Berlin, Germany. Even though I’m Dutch I spend 8 years of my childhood there. I spend a lot of time in the city itself and I wanted to find out more about how Berlin operated in the entrepreneurship industry as it is the capital of Germany. Berlin is a beautiful city with a lot of culture. A lot of diverse companies and shops are located in the centre, ranging from “currywurst” stands to the most luxurious restaurants and tourist shops to massive lawyer firms.  Right now it is being discussed as the new start-up capital of Europe.

Berlin is the place for start-ups, it is not too expensive and many events for entrepreneurs take place like NEXT Berlin or Startup Bootcamp Berlin. Berlin is a city that is constantly changing and always reinventing itself. An article called “Entrepreneurs in Berlin” (found on www.be.berlin.de) states that when looking at the statistics, Berlin is way ahead in the entrepreneurial section, 116.3 companies were founded for every 10,000 of the city’s workers in the first half of 2011. The start-up index for Germany is 79.6 percent this makes Berlin almost 50 percent above the average of start-ups in Germany. This definitely tells us that the people in Berlin have great ambitions towards being an entrepreneur. It could maybe be explained by the affordable commercials and living space. Berlin also provides an excellent network and there are enough people who are looking for jobs and have the proper education.

A lot of entrepreneurship courses are offered at the schools/universities in Berlin. This gives the young generation good opportunities to succeed in the entrepreneurship business, as we have learned in class education in entrepreneurship gives people a higher chance of succeeding. And although Berlin has a bad image because of WWII this is over now and people see opportunities in Germany’s capital. Economically Berlin is in a very good position right now. The government could however loosen up on bureaucracy, especially for foreigners looking to be an entrepreneur since it is a lot harder to start a company for them, also encouraging investment might help improve entrepreneurship in Berlin.

Faye Best – Week 41 – Aims of entrepreneurial policies in Zaandam

Faye Best – Week 41 – Aims of entrepreneurial policies in Zaandam

Dear readers,

This week I dived into the entrepreneurial landscape of my hometown. I am born and raised in Zaanstad, a town near Amsterdam and I have my own cute little apartment in the city centre (very bad for my wallet). A couple of years ago Zaanstad had a really sad sight. But the last three years it improved a lot. The city centre is now beautiful with a huge hotel as eye catcher (see picture). It is often crowded with people and even those tourists who come for Amsterdam also pay a visit to Zaanstad from time to time. So I thought it would be interesting to look up the entrepreneurial aims and I did find something to share with you!

Inntel Zaandam

Zaanstad has presented its economic ambitions in the form of a rapport that is called: “Zaanstad 2030: city of thinkers, daredevils and doers”. Herein the city aims to sustainable economic growth, to follow up the metropolis Amsterdam. According to the rapport entrepreneurs are seen as the centre of this growth. They will create jobs and are constantly innovating, which will foster economic growth even more. Next to the entrepreneurs it is necessary to work close with educational institutions and the government. They believe that good cooperation between these three (entrepreneurs, education, government) will lead Zaanstad to a higher level.

The main goal is to create a modern living-working-city, where entrepreneurs feel free to create and seize opportunities. To make this goal more tangible they focus on a few industries. First, Zaanstad wants to deepen its strengths. Logistics have always been an advantage of the city, therefore they want to develop it even further. Second, they want to broaden their horizon. The tourist and creative industry are lacking, but are not less important. The aim is to take these industries to a higher level and thereby taking Amsterdam as an example (and even profit a bit from Amsterdam’s tourists).

Although, Zaanstad had a bad image (both for living, visiting and working), it really is a nice city to live and work now and I hope that image will fade away. It is a long road to go, but Zaanstad is on the right track. So, if you are an exchange student and you are bored of Amsterdam (hard to believe) come to Zaanstad!

See you!

Faye