Apr 27, 2015 News
For young entrepreneurs, getting started in business can sometimes be difficult. Particularly in Guyana, this difficulty is amplified and is compounded by hindrances such as little experience or no funding.
However, Youth Challenge Guyana (YCG), a Non-Governmental Organisation (NGO) is hoping to alleviate the issues faced by Guyana’s young entrepreneurs by launching a Youth Entrepreneurship Training Programme.
“We’re breaking new grounds with this group,” Executive Director of Youth Challenge Guyana Dimitri Nicholson said. He, along with Marco Chan and Emily Rowe of the Western Ontario University, believe that the programme is one desperately needed in Guyana.
The programme is a collaboration between YCG and the Leaders’ Project that is run out of the Western Ontario University. Nicholson explained that it is a three-week training course in entrepreneurship and business management for persons who want to be entrepreneurs and who are already entrepreneurs.
Initially, the programme was to be held in Buxton but was changed to SASOD’s Charlotte Street location in Georgetown to attract more persons.
Rowe explained, “It’s a really interactive way of learning business…it can be really important for a number of people in different countries, and different economies can take local problems and work on that.”
Chan, who had been a part of the project when it was launched in Ghana, said it was a wonderful experience for him to learn how to understand the ways different people perceive things. He added that the project would often be adapted for different countries.
The programme will be facilitated by four to five persons, all from Canada. It will focus on how young entrepreneurs can find opportunities along with the basics such as accounting and marketing strategies and operations.
“We’re trying to give them a toolbox on how to manage a business really effectively and organise. Each day we’ll touch on a different topic and give them a sort of plan,” Nicholson said.
The programme will target 20 to 30 youths from Monday to Friday. The participants will also be exposed to an interactive method of learning business and entrepreneurship, and is open to anyone who wants to learn about business.
Local companies are also onboard to share their experience and advice they have for the young entrepreneurs.
After the first training, YCG will continue to work with the young entrepreneurs. “We will have mentors who can follow up with them to make sure that the areas they would have learnt would have been effective in their business. The persons that we would use as mentors are likely to be other people in business and who are studying business,” Nicholson said.
The project is the first partnership between YCG and the university. The university’s leaders’ project has been running for 24 years and has worked with a number of countries, including those in Europe and Africa.
Other local NGOs had previously embarked on youth entrepreneurship programmes. However, much has not been heard of these programmes in recent years.
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