Entrepreneurship Nurturing Bodies give expert advice to overcome financial barriers to entrepreneurship & guide to sources of funds for business expansion
In this video Tutorial, we discuss, Why Entrepreneurs & business owners should be aware that there is not only something called as “Entrepreneurship Nurturing Bodies” but they should learn how to benefit from them & also raise business loans with the help of these bodies.
There are some lessons in Business that can only come from experience & it is this kind of experience, advice & suggestions that entrepreneurship nurturing bodies share with the entrepreneurs.
The Entrepreneurship nurturing bodies not only discuss but also try to clear various financial barriers to entrepreneurship and give direction to different sources of funds for business expansion.
When an entrepreneur is starting a new business, the last thing which will be on his mind is failure. But according to recent statistics, only 60% of the new businesses survive the first 2 years and only 40% survive till the next 5 years. This is really disheartening. There could be umpteen reasons why businesses fail.
The two main reasons, why businesses fail, are due to paucity of funds and lack of proper guidance in all respects. Many young people who become entrepreneurs fail in their venture not only because of the paucity of funds but also because of their inexperience. One needs to have experiance in handling so many complex issues & challenges that an entrepreneur faces in his day-to-day business. Because of their inexperience, this period becomes the most testing time for all entrepreneurs across the world. This is the time, where they make or break. This is the time, when they need maximum advice, guidance, care & attention and many a times handholding too.
So entrepreneurs should take the best advice from these kinds entrepreneurship nurturing bodies & succeed from their advice, suggestions & guidance. If this inexperience is solved by a mentor who is well established & experienced and if the young entrepreneurs get timely advice & co-operation.
Fortunately for all the struggling entrepreneurs across the world, there are some companies who are seriously concerned about entrepreneurs & entrepreneurship. And these are the companies which I call as Entrepreneurship Nurturing bodies.
I am of the opinion, if that failure rate of entrepreneurs comes down drastically, probably the world can see many more successful entrepreneurs like Bill Gates or Steve Jobs.