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Preston University holds seminar on 'Entrepreneurship'
[August 29, 2014]

Preston University holds seminar on 'Entrepreneurship'

(Daily Patriot (Pakistan) Via Acquire Media NewsEdge) Preston University in collaboration with Jump Start Pakistan Thursday jointly organized a seminar on ‘Entrepreneurship’ here on Thursday to apprise students with latest techniques to run a profitable business.

The event was held at the Islamabad Campus of Preston in which faculty and students of the varsity participated in large number.

Eminent among the speakers were John Duhring, an Education Technology Specialist at Cogswell Polytechnic College, Sunnyvale California, Muazzam Ali Bhatti, founder and Chief Executive Officer (CEO) Alfoze Technologies Pvt Ltd., Mueen Batly, Member Competition Commission of Pakistan and Fakhar Abbas Product Manager Jump Start Pakistan, said a news release issued here.

In his presentation, CEO Alfoze Technologies, Muazzam Ali Bhatti emphasized that the reasons to become an entrepreneur includes passion, a true need existing in market that is marketable and belief on innovation (making things easy for people).

He said start ups must have trustworthy, reliable and diverse team members and mentoring is very important for start ups.

Regarding the issue of financing of Start ups, Muazzam informed the participants that Funding can be arranged in monetary or non-monetary terms.

Bootstrap financing, he said, could also be an important source of funding he maintained. Customer feedback and customer retention holds the key to success in this regard, he asserted.

Addressing the participants on the occasion Mr. John Duhring, Education Technology Specialist at Cogswell Polytechnic College, Sunnyvale California stressed upon the need of viability of business.

He emphasized on convergence between Kauffman Foundation and Silicon Valley model. He said an idea can be taken from three perspectives; idea as a hobby, idea as a passion and idea as an idea. One shall share an idea and obtain feedback.

John Duhring stressed that social factors are very important for developing an eco system of Entrepreneurship.

Speaking on the topic Member Competition Commission of Pakistan, Mueen Batly stated that Entrepreneurship is a solution towards National Crisis.

He emphasized that while still at universities it is a perfect time for students to start business and students can manage both studies and business together without much difficulty.

He called upon the students to themselves determine what they are good at; job or entrepreneurship.

Earlier, in his opening remarks on the occasion Product Manager Jump Start Pakistan, Fakhar Abbas, highlighted the mission of Jump Start Pakistan.

He highlighted the activities of the organization and unfolded its plan to bring about 1500 Start-ups from Pakistan during the next five years.

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