Skills Improvement Foundation has established strategic partnerships with two entities: ZAS Ventures Limited, a publicly company incorporated under securities and exchange commission of Pakistan, and GAIN Associates. These partnerships enable SIF to enhance its support and resources for its various programs and initiatives.
“YES Business” is a program designed for
- Entrepreneurial Culture Development for Youth
- Ensure sustainability for young entrepreneurs
- Assist Businesses need Expansion
- Development of the Cottage industry
- Opportunities for jobholders to supplement their income
Through the “YES Business” program, SIF aims to create a conducive environment for entrepreneurship, empower young individuals to build sustainable businesses, and contribute to the economic growth and development of deprived communities.
The occurring Problems
Several people, especially young individuals and students lack the necessary business skills or need to improve their knowledge, create a positive attitude and learn the updated business practices to achieve professional and personal success. Many highly qualified and educated individuals run businesses but don’t have the proper company structure to reap the benefits of the business or lack the investment and support to initiate their businesses. A majority of competent women can have attractive business setups, but they often remain dormant because they don’t have the correct understanding of how to structure a business properly. All these individuals are either idle or have closed their businesses due to the non-availability of needed requisites. Even with all the arrangements, if a person or a group of partners starts their businesses/entrepreneurial setups, there is a huge risk of default and loss as they don’t have experienced and well-equipped partners with them.
Solution
Initiating a business is a very challenging task. Major businesses collapse during the first two years of their activation. There are highly educated young people, skilled persons, and investments, but a business needs more than that; it needs practical experience. The risk of failure is very high even if there is a good team, the right skills, and enough investment available. So, a good team with a seasoned businessperson can be real immunity for new business; that is what YES Business intends to offer. This program will provide young entrepreneurs, startups, students, women entrepreneurs, and even established businesses with strategies for structuring and sustaining their businesses and reaping long-term benefits.
Every business needs good workers but new businesses require a hardworking and smart workforce. YES BUSINESS will not only assist entrepreneurs but will provide amazing business opportunities to earn beyond the boundaries. Charity, donations, and other forms of help are adequate for students and young people, particularly female entrepreneurs, but are never enough to support families. YES Business will provide them with a platform to work and earn for themselves, their dependents, and their shareholders. For new businesses, it will provide Capacity Building Loan in the shape of services which is the major cost of every newly established business. Furthermore, the partner company GC and Venture Public Company will pool their goodwill and relations to help the new company find a place in the market, and the senior businessperson of this Value preposition canvas will also provide matching investment in the shape of a Starter Fund.