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Enterprises

Last updated: Tuesday, November 21, 2017

 

Where There Is a Will, There Is a Way

Posted: Monday, September 11, 2017


“It’s not easy to start a business, and you might fail once, twice, or even more. The key thing is to learn from those mistakes and use them as a way to grow stronger. Starting is easy, but sustaining and growing is the hard part,” said Mr Christopher Jeffery, Dean of British University Vietnam, ahead of the APEC Start-up Forum in 2017 in an interview with Vietnam Business Forum. Le Sang reports.

What do you think about the current start-up ecosystem in Vietnam?
Vietnam is rich in entrepreneurial spirit, which is a good sign for the start-up economy. However, start-ups in Vietnam have to work hard to become self-sufficient businesses. Recently, I’ve been pleased to see an increase in space and support for budding entrepreneurs, although I believe that funding opportunities have not been developing as quickly. This is a vital step in developing an entrepreneurial economy.

The business environment in Vietnam is in its development stage and there will not be any formula to success. As an “educator”, what do you think are important reminders for start-up people in Vietnam?
It’s not easy to start a business, and you might fail once, twice, or even more. The key thing is to learn from those mistakes and use them as a way to grow stronger. Starting is easy, but sustaining and growing is the hard part. You need to learn and develop these skills over time, and find the value in your mistakes and failures to build on in the future.

While it’s fun and much more exciting to come up, these are the necessary steps that entrepreneurs need to ready themselves for.

In terms of policy, what do you think needs to be done by the Government of Vietnam to encourage and facilitate entrepreneurial activities?
Support through entrepreneurial hubs is a great start. Using schemes and programmes to develop the entrepreneurial spirit at a young age in schools and universities is also a good way to encourage the start-up economy.

What have BUV done and will do to assist its students as well as other passionate and talented youths in starting their own businesses?
BUV places great emphasis on the knowledge gained during a degree programme, but also on the ability to think critically and analyse situations. We train students throughout their study to be successful either in the world of work, or as an entrepreneur starting out on their own. Our commitment is that our students and alumni will always be 100 per cent work ready. This is accompanied by mentoring for those who do want to start their own businesses upon graduation.
Finally, students are given the opportunity to undertake internships from their very first year. This is a key way that we expose students to the reality of business environments, and get them to hone their business skills.

In a short sentence, what will you say to motivate and light the entrepreneurial fire within the young people planning to start their own businesses?

Remember that starting a business is something that takes work, determination and ambition. The reward is to build something bigger than yourself, something that will last, and something you can take pride in.








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