Entrepreneurs have unique traits. The traits include knowledge of the market, alert to opportunities, innovative and tolerant. Citizens in their home countries have noticed the existence of opportunities but a group of diaspora members is also recognizing opportunities in their home country and investing in them. Expert and policy makers are exploring ideas on how the members in other country can invest. The reason for interest in because they have noticed the money can be used in creating employment and lead to development in the country. Outlined below are ways organizations and government can commit to diaspora support services for Kenyans.
Over the years, some organization and government have come up with ways to help descendants in channel their fund to the country of origin for investment purposes. Some of the organizations are private; others funded not forgetting the government. Some of these organizations work alone while others have gone into partnership. Below are some of the ways they help entrepreneurs living in other countries.
The government has created opportunities that will encourage members to invest. This is through organizing meetings for professional, citizens and leaders with an aim of coming up with how they will work towards the same goal. Private organizations are also part of the program. Some are join the governments while others prefer to do it on their own. During the meetings, people discuss the most vibrant sectors and how to capitalize on them. These meetings are important, as they are the first step to encouraging member to channel their funds in their native countries.
The organization involved mentor entrepreneurs who are interested in investing. Their mission is different from other networking organization as their main aim is to bring together business owners and entrepreneurs. They inform them of how they can grow their investments abroad or in their home country. Experts and well know leaders are the one who mentor the potential investors.
The other form of support people can receive is through training. Training improves ones skill and knowledge of something. Before a potential investor goes ahead and invest their funds, they are taken through the most promising frontiers. After that, they can make a decision on which frontier to choose. An expert from the chosen sector will be available to advise them accordingly.
Concerned organizations not only teach how to access funds, but also as they set up funds that entrepreneur can apply. The start-up fund aim is to at boosting those who set up businesses in certain sectors. The government or the private institutions can inject funds into the business and the owners can repay them later. Some may be interested in seen how the funds are utilized at different stages of the business while others are not involved in running of a business.
Venture capitalists also offer support to those interested in investing. Besides providing the much-needed capital, they advise the entrepreneur in the best way to invest the funds. Their aim is to see the business grow exponentially. After success, they can have their money back as they the business is profitable.
The government seems to have made the right move. There are people who have no background in running businesses thus training will help them. The members can know feel safe investing in their native country as they are assured that there are opportunities available.
Over the years, some organization and government have come up with ways to help descendants in channel their fund to the country of origin for investment purposes. Some of the organizations are private; others funded not forgetting the government. Some of these organizations work alone while others have gone into partnership. Below are some of the ways they help entrepreneurs living in other countries.
The government has created opportunities that will encourage members to invest. This is through organizing meetings for professional, citizens and leaders with an aim of coming up with how they will work towards the same goal. Private organizations are also part of the program. Some are join the governments while others prefer to do it on their own. During the meetings, people discuss the most vibrant sectors and how to capitalize on them. These meetings are important, as they are the first step to encouraging member to channel their funds in their native countries.
The organization involved mentor entrepreneurs who are interested in investing. Their mission is different from other networking organization as their main aim is to bring together business owners and entrepreneurs. They inform them of how they can grow their investments abroad or in their home country. Experts and well know leaders are the one who mentor the potential investors.
The other form of support people can receive is through training. Training improves ones skill and knowledge of something. Before a potential investor goes ahead and invest their funds, they are taken through the most promising frontiers. After that, they can make a decision on which frontier to choose. An expert from the chosen sector will be available to advise them accordingly.
Concerned organizations not only teach how to access funds, but also as they set up funds that entrepreneur can apply. The start-up fund aim is to at boosting those who set up businesses in certain sectors. The government or the private institutions can inject funds into the business and the owners can repay them later. Some may be interested in seen how the funds are utilized at different stages of the business while others are not involved in running of a business.
Venture capitalists also offer support to those interested in investing. Besides providing the much-needed capital, they advise the entrepreneur in the best way to invest the funds. Their aim is to see the business grow exponentially. After success, they can have their money back as they the business is profitable.
The government seems to have made the right move. There are people who have no background in running businesses thus training will help them. The members can know feel safe investing in their native country as they are assured that there are opportunities available.
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