‘Innovation’ key to success for entrepreneurs


LAHORE: Mian Tariq Misbah, senior vice president of the Lahore Chamber of Commerce and Industry (LCCI), on Saturday said that innovation holds key to success for young entrepreneurs, therefore, they should keep in mind the global patterns, while doing their businesses.


Misbah was speaking at the inauguration ceremony of two-day Youth Entrepreneurial Hub Exhibition, organised by the students of various institutions, including Punjab University (PU) and Lahore University of Management Sciences (LUMS).


He asked the students to focus on their studies, as the country is in dire need of innovative entrepreneurs. There is no dearth of resources in the country but the only thing that has kept it behind in a number of economic sectors is the unawareness about the latest business techniques and methodologies, he said.


Misbah said that education is the only answer to multiple internal and external problems being faced by the country, and urged the students to prepare their projects and the LCCI will extend all-out cooperation. The country is fortunate enough that more than 50 percent of its population is below the age of 25 and has the potential to change the destiny, he said.


Risk is the name of the game as far as entrepreneurship is concerned but the ultimate winners are those who learn from their mistakes and adopt corrective measures. “And for this we have to enhance our education system where students are taught how to behave after a failure in startup.”


“We have 60 percent youth population in Pakistan and if 25 percent or more become entrepreneurs; they can become the assets of the country for creating job opportunities.”


After the inaugural ceremony, the LCCI senior vice president along with his Executive Committee members and the organisers took a round of the stalls in the exhibition.

Source: The NEWS