SME’S ARE THE ENGINE OF GROWTH AND THE SPINAL CORD OF THE ECONOMY
By: Mhlengi Mafu
The 19th Annual International Conference on Small and Medium Enterprise (ICSME) opened a platform for growing entrepreneurs this week as delegates from around the world gathered at the International Convention Centre (ICC).
The conference took place betwee the 18th-21st September and was aimed to build small medium enterprises known as SME’s and empower entrepreneurs from different countries, such as India, Nigeria, Britain and other countries, as they tried to come up with new ways to uplift the economy.
Young people were encouraged to be job makers instead of being job seekers as many countries are suffering from recession. SME’s seem to be the ones that could help uplift the downfall of the economy. The conference also touched more on problems, such as access to market and infrastructure, that entrepreneurs seem to face which leads to them not being able to sustain their businesses.
The conference featured different topics and issues that various speakers, presentations and panellists tackled as they shared the stage. The founder and CEO of Mara Group World Economic Forum Young Global Leader, Mr Ashish Tukker, spoke more about building a multinational company from the ground up. He also shared his story that left many entrepreneurs motivated to “Dream big, start small”.
The other topic that was discussed was entrepreneurship in training institutions and entrepreneurship as a subject. Universities and FET’s all over the world were encouraged to teach entrepreneurship and encourage people to start their own businesses, not just mere businesses but successful businesses.
Professor Jay Mitra, the Director in the International for Entrepreneurship and a Professor from the Essex School University in the UK, spoke more on businesses renovating itself. “There is no single business in the world that always goes up. All businesses sometimes go down but the importance thing is that the business renovates itself on its downfall,” added Prof Mitra. He further emphasised the importance of growing entrepreneurial skills to make sure that people are well equipped in starting their own businesses.
EThekwini speaker Logie Naidoo and the Director of the Conference Septi Bukula, thanked the delegates and the entrepreneurs that came through for the conference. Next year’s conference will take place in Nigeria.