A unanimous approach can eliminate the two factors hindering the growth and development of entrepreneurship in the world.
There will always be challenges in any entrepreneurial activity since entrepreneurship at its core is meant to address the pressing and hard-to-resolve issues of the market. However, some markets are known to have inherent challenges that come in the way of aspiring entrepreneurs even before they can dream of building a successful startup. It is often hard to overcome such limitations, but not impossible. The two factors mentioned below explore the intrinsic issues faced by aspiring entrepreneurs and their implications on the development of entrepreneurship in the country.
Continue reading “Environmental Factors Preventing Aspiring Entrepreneurs From Becoming One”
Today, we celebrate the World Entrepreneurship Day. Globally, entrepreneurship is holding stronger roots in the mindsets of people. According to the Global Entrepreneurship Monitor Report 2020-21, in 32 out of 43 economies, more than half of the respondents intended to open a new business despite the pandemic.
The growth of entrepreneurship worldwide appears as a golden time for importing countries to try and turn the tables or become self-reliant. Mauritius is one such country, and this article highlights the three main factors that prevent Mauritians from reaping the long-term benefits of entrepreneurship.
Continue reading “3 Factors Preventing Mauritians From Becoming Entrepreneurs: World Entrepreneurs Day”
Small and medium enterprises play a massive role in our economy, whether through employment creation or social contributions or a source of tax revenue for the government.
Acknowledging their importance, the Minister made several provisions for SMEs in this year’s budget, in various sectors and different financial and non-financial ways.
Continue reading “The 5 Best Reviews of Mauritius Budget 2021/22 for SMEs”
On 11 June 2021, the highly awaited Budget was presented to the parliament and the public, detailing several economic, regulatory, and social measures to improve the standard of living of the Mauritian population.
NGOs, which have been severely constrained in their operations due to lockdowns while social issues have been skyrocketing with the pandemic, could benefit greatly from the schemes, grants and facilities the government will make available to them in the coming financial year.
Continue reading “The Most Beloved Mauritius Budget 2021/22, According to NGOs”