ipl-logo

Entrepreneurship In Pakistan Essay

702 Words3 Pages

Pakistan has always been an entrepreneurial society. People have always been inclined to start their own business, be it to open a small flower shop, car workshop, a corner shop, furniture shop or any other trading business activity. Entrepreneurship is simply innovation coupled with risk-taking. Integral to this combination, is sufficient resources and funding to help the business thrive.
According to Nadeem Hussain - CEO, Tameer Bank, “The single largest need of the low income segment is access to capital which they need to create or enhance their business. In the world of microfinance as little as Rs. 10,000 [$95] can make a difference in the quality of life of a borrower.” What sets these businesses back is lack of capital or funds to expand their businesses.
Hence, many such businesses either remain small or they shut down at a high rate.
When entrepreneurial activity flourishes, the entire society benefits in the form of increased growth. The new businesses provide opportunities for the unemployed as well as the poor. Promoting entrepreneurship is …show more content…

Pakistan is undoubtedly a hub for entrepreneurship which is still seeing rapid growth in this sector, despite many challenges in the country. There are a huge number of individuals who have contributed to the Pakistan’s growth by creating amazing entrepreneurial ventures. Some of them include, Salim Ghauri- Netsol, , Ali Rehan- Groopic, Jehan Ara- Pasha, Raza Saeed- Cinfiz & Pakwheels.com.
Despite immense entrepreneurial spirit among the youth, the hurdles hampering the potential growth of entrepreneurship are also considerable. According to Global Entrepreneurship Monitor’s 2010 report, growth of startups in Pakistan is relatively stunted- with less than half the rate of early-stage entrepreneurial activity found in other developing

Show More
Related

  • Summary Of Microfinance In Half The Sky

    216 Words  | 1 Pages

    In Chapter 11, microfinance is discussed, it is empowering women, in areas struck by poverty. Microfinance is allowing women to borrow lesser amounts of money and by paying it back bi-weekly it is keeping them coming back and when they pay off their first loan they are allowed to borrow more, larger loans. Women are taking back the power. As we see in Saima’s story below, her husband no longer beats her and she calls the shots and now her husband works for her.

    Read More

  • Cole Essay

    736 Words  | 3 Pages

    • Assess the likelihood of expansion – in this phase the probability of the success of expansion will be analyzed in order to make a final decision regarding next steps of expansion. • Analyze the entry strategy and offering details – this step will contain all the strategies including marketing strategy making and the details of products that will be offered in Pakistani market. Like alcoholic products can’t be sold in Pakistani retail shelves considering that it is forbidden in Pakistan. All the legal and legislative things will be handled in this phase in order to advance towards final expansion. 9.

    Read More

  • Buss 4403 Business Policy And Strategy

    1158 Words  | 5 Pages

    The advantages of investing in businesses operating in Pakistan are numerous. The Pakistani government has been instrumental in creating an environment conducive to entrepreneurs and the digital economy, leading to significant economic growth. In addition, investing in businesses operating in Pakistan can be beneficial due to the country's large, rapidly growing workforce and its willingness to learn and work in the technology sector. (Partington,

    Read More

  • Annotated Bibliography

    1663 Words  | 7 Pages

    This means they have to pay huge amounts of interest to local money lenders, which makes it practically impossible to generate opportunities to create wealth. If lending organizations are able to consider local customs and networks, they could provide cost effective opportunities for the poor to generate sustainable incomes. In a shantytown near Mumbai, India, for example, local moneylenders charge 600% to 1,000% interest. A bank might charge 25% interest, make a very respectable profit and still offer shantytown residents a superior economic alternative. Grameen Bank started as a small community lending organization, and as of 2011 provides loans to more than 25 million people around the world, with a 95% repayment success rate.

    Read More

  • Explain Why The American Constitution Guarantees The Right To The Pursuit Of Happiness Essay

    700 Words  | 3 Pages

    It doesn't come with horrible physical side effects. It doesn't drive away your friends and family. It builds a better life for you and can help build a better world. Successful entrepreneurs provide their piece of the puzzle to making the world a better place.

    Read More

  • Negative Effects Of The Great Depression

    235 Words  | 1 Pages

    The Great Depression The Great depression had a negative effect on people. The great depression was a very big drought on money that it shut down the Old West Side Mines that a lot of people depended on. The great depression had a big effect on people because they had no jobs. They had to get rid of their stuff so the had money.

    Read More

  • Microloans In Developing Countries

    953 Words  | 4 Pages

    With education, girls and women can start businesses, and have more success with financial services. It is argued that due to lack of education, women may not be able to understand the loans they are taking out or keep track of their finances, “leading to an accumulation of debt the women are unable to repay,” (The Hidden Ways Microfinance Hurts Women, paragraph 5). However, when women have the money for education for themselves and their daughters, they can understand their loans and financial situation so that they can profit. Micro-loans empower women to save money for schooling for the purpose of understanding how to run a business, and how to pay back their loans.

    Read More

  • Novogratz Chapter Summary

    997 Words  | 4 Pages

    The successes of these small businesses have created emerging leaders in under developed countries as people are starting to see that they can improve their socioeconomic status with the motivation to make their idea a success story. Novogratz’s determination to achieve her goal of creating a microfinance institution came to fruition in order to bridge the gap between the rich and the

    Read More

  • Unit 4 Economic Systems P3

    1489 Words  | 6 Pages

    Creates large scale employment opportunities- entrepreneurs provide immediate large scale employment to the unemployed which is a chronic problem of underdeveloped nations. II. Improvement in the standard living- entrepreneurs play a key role in increasing the standard of living of the people by adopting latest innovations in the production of wide variety of goods and services in large scale that too at a lower cost. III.

    Read More

  • How Does The United States Benefit From Schools

    1201 Words  | 5 Pages

    The first being the economy and the second being jobs and job growth as a whole. Entrepreneurship is “a vital role player in the growth of the U.S. economy” “Bureau of Labor Statistics”. When schools discourage entrepreneurship it may not have an immediate effect on the country but over time a noticeable decline in job growth as well as economic growth will be seen. In the United States “Over the past two decades, new establishments have created an average of more than four million new jobs per year” (Mills). In order for the country to prosper this number needs to continue to increase in the coming years.

    Read More

  • Personal Narrative: Bake Sale Day

    650 Words  | 3 Pages

    I remember waking up that morning, feeling paralyzed, as well as a rush of emotions. Feeling uneasy but ambitious, demoralized but delighted, timid but fearless; it was the day. Not just any day but the most anticipated day for all the second graders: Bake Sale day. As I was told by my teacher, Ms. Ash, this Bake Sale was at the utmost importance, because it would be funding our field trip later that year. I had always been a soft- spoken individual so the thought of talking to another individual; nevertheless, trying to sell an item to another individual on whether our cookies were better than the third graders was daunting and the burden of the field trip only added to the pressure.

    Read More

  • Bill Gates Entrepreneur

    2022 Words  | 9 Pages

    Starting your own small business and making it a worldwide company, is not easy at it sounds. This is known as entrepreneurship. There are lots of personals that we can take as entrepreneurs who have achieved their targets and have conquered the world. Among the world’s best entrepreneurs Bill Gates holds a noble title. Some critics may see him as a modern day robber but to the majority of the world he is a great inventor, a great programmer, and an ambitious businessmen.

    Read More

  • Steve Jobs Entrepreneur Case Study

    1066 Words  | 5 Pages

    Steve Jobs was the greatest entrepreneur of the time and he defined the Entrepreneurs as: The person who is: 1. Able to calculate risks. 2. Flexible and able to adapt.

    Read More

  • Entrepreneurship In The Philippines

    870 Words  | 4 Pages

    Entrepreneurship takes the economy and the society to the state of progress and prosperity. New businesses can create new jobs and therefore will increase the employment rate of the nation. This will also generate income to the entirety of the nation. People who pursue entrepreneurship can generate new ideas which will provide a diversity of offerings for the consumer (Ramos, 2014).

    Read More

  • Swot Analysis On Delivery Service

    1488 Words  | 6 Pages

    Industry Analysis The service industry has been in the mainstay in Pakistan from a long time. It is one of the most important, and profitable businesses in the world, due to the need of products being transported from its source to its destination. Corporate giants such as TCS, leopard and Courier have almost formed a monopoly on transporting goods on an international level, and operate in most countries across the globe, including Pakistan . TCS alone had a revenue income of 10 billion dollars in 2014, figures that tell the magnitude of the operation, and the industry itself. However service industry sector not only comprises of such corporate giants, but also local services, that have a limited amount of capital to begin with, and provide

    Read More

More about Entrepreneurship In Pakistan Essay

Open Document