More real business opportunities for graduates and young people

Graduates, fret not. You may not hear booming sound of the economy. Nor would you see vast doors of career opportunities opened by many a company. But the truth is that real money lies in doing business. I would venture into a business if I have the proper entrepreneurial skills and acumen. But nope, I’m just destined to be a poor pencil pusher.

The good news is that you guys won’t have to be like me. Start a business, be prudent enough in spending and investing and with proper branding and marketing as well as a killer product, you’ll settle for a comfortably early retirement at a ripe age of say, 45? For 9-5 people, retiring early means getting home on time, nothing more.

News Courtesy of The Star Online.

Ministry sets up help unit for budding businessmen

KUALA LUMPUR: The Entrepreneur and Cooperative Development Ministry is setting up a young entrepreneur unit to tap talents among the young and help them venture into business, minister Datuk Noh Omar said. He said the unit would focus on providing assistance to new graduates and those below 25 years old.

“The unit will offer training and financial assistance for the budding businessmen to venture into their field of interest. “We are giving attention to the young whose interests are particularly in information and communication technology (ICT),” he said.

He was speaking to reporters after announcing Bank Rakyat’s financial performance for the financial year ending Dec 31 last year here yesterday.

Noh said in an era where selling and buying could easily be carried out via the Internet, such (ICT) skills were necessary. “The ministry must keep abreast with the times if it wants to help the young venture into business,” he said.

Noh said the ministry would seek an allocation of RM1.4bil from the second stimulus mini-budget which is to be unveiled on March 10 by Deputy Prime Minister Datuk Seri Najib Tun Abdul Razak.

He said the money would be allocated to help small traders, apprentices in Giat Mara programmes and for loans through the Tekun Nasional Foundation.

He said Tekun gave out loans totalling RM300mil last year compared with RM100mil in 2007.

Noh said it expected to receive more loan applications this year.

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