Few
are willing to devote their entire lives to an idea, many are trying to get
rich quick. Of the few, a very high percentage will be disheartened by the
society’s expectations. Leaving a very small number of tough, not management
material, individuals who force themselves into accomplishments. An environment
needs to be created to support those very few true entrepreneurs, these are the
people that shape Nations, build Industries, create Jobs, please join me, help
me… SEED, The Society for Entrepreneur& Economic Development.
Strengthening
economies: Most risk-takers start in the business of Trade; buying,
transporting, distributing, promoting and selling. The larger the inventory is
the more complex the operation and the more jobs. Requiring an Entrepreneur
with strong people skills. Service-Based business requires learnt and practiced
skills, technical and vocational training. In the same vein, Professional
Services require Academic study and experience. With such Entrepreneurs
understanding Costing and Pricing, on top of their qualified skills, along with
their people skills. Other niches, sectors and industries will require
Inventors, Innovators (type of Entrepreneurs), hiring in the essential
administrative and professional support skills to boost efficiency.
The
Entrepreneur must be allowed to focus on the core issue, the product, the
improvement, the distribution, the promotion, etc. but must be made aware of
important legal and administration matters. Management without the formal
training, much of which, comes from experience mentors, persons that have burnt
to learn. The said persons on the selection committee that gives such
risk-takers a place in the SEED Incubation.
SEED
Incubation is more of a process than physical locations, using longer existing
and larger sized operations, across numerous Sectors and Industries to flesh
out the best Business Model. Allowing experience and talent to interact and
develop. INCUBATION is a limited opportunity granted to a few business or
social ideas, judged to be potentially viable, timely and sustainable,
with other eco-socioeconomic benefits. Idea Promoters, individuals or
groups, must also be assessed by this incubation process as to their own
ability to implement and meet pre-set targets. Some ideas and idea-promoters,
not all, may need physical locations and such premises, housing more than one
participating idea, is commonly referred to as an incubator.
A
space in such an incubator carries a financial cost, rental of premises, along
with other administrative cost; salaries, electricity, communications,
processing and other expenses, purchase of machinery and equipment and other
fixed assets, inventory or other intangible property must be covered, in
addition to the cost involved in scientifically testing the market, before a
formal product launch and of course, maintaining a positive cash flow. The
funds to pay these costs would traditionally come from friends and family and
if the enterprise was to fail, you would be branded a failure, with outstanding
debts still to be repaid and with no encouragement to refocus, learn from the
errors and try again. Hence, incubation is and must be viewed as equity
funding, paying the idea’s expenses until it can achieve viability or is
abandon.
“Idea Promoters”; refer to members of
the Society, individuals or groups of individuals, with ideas which need
nurturing into viable sustainable enterprises or industries. Noting that one
idea can have many promoters, these are members selected as participants in the
SEED’s programs to pursue developing selected ideas. Such members benefit
directly, from moving an idea into enterprise and creating jobs, and indirectly
causing the creation of more support and competitive enterprises, which in
turn, results into industries and even more jobs.
“Service Providers”; refer to members,
an entity or person, approved by the SEED‘s Governing Body, who is prepared to
assist the Society with time and effort. These are members comprising of social
counselors, experienced private sector operators, public policy implementers
and awardees of the Organization’s ‘Support Entrepreneur’ or ‘Master
Entrepreneur’ titles. Such members benefit directly, from maximizing the use of
underutilized physical assets and intellectual property inherent in the
society, that great passion that comes from helping others and building a
happier society.
“Support Donors”; refer to members, an
entity or person, approved by the SEED‘s Governing Body, who is prepared to
assist the Society in a material way. These are members offering tangible support
such as, cash or property donations, legal, financial, technological and
management services, to advance implementation. Such members benefit directly,
from numerous tax incentive programs, an expansion of the economy due to job
creation and an increase of disposable income, and an overall safer and more
productive society as entrepreneur can now find positive use for their natural
talents.
Rationale
T.A.J
& Associates Company Limited
uses this occasion to comment on topics that have been covered, both academically
and by the mainstream media, to add its opinion and point out investment
opportunity, not to invoke any social action.
