Nineteen aspiring entrepreneurs and micro, small, and medium enterprises (MSMEs) are eagerly awaiting business grants to enhance their ventures after completing the ‘Start and Improve Your Business’ (SIYB) training hosted by the Ministry of Trade, Co-operatives, MSMEs, and Communication in Suva last week.
During the three-day workshop led by certified MSME trainer Mohammed Aslam Khan, participants acquired vital skills for launching and managing their businesses. Khan noted that the aspiring business owners would soon receive grants after submitting their quotes for essential startup items. He emphasized the ministry’s commitment to monitoring their progress and providing ongoing support as needed, underscoring the importance of mentorship in their entrepreneurial journey.
Participants have reacted positively to the SIYB training, with many expressing gratitude for the insights gained. Trainee Veronica Isaac described the program as life-changing, stating, “It has opened my eyes about owning a business and running a business. I’ve learned how to break that down and come to a profit and a loss in sales.”
Khan has encouraged more aspiring entrepreneurs to seize these opportunities, urging individuals to register with the ministry’s offices throughout the country. This initiative is part of the government’s broader strategy to empower MSMEs, recognizing their critical role in economic growth, job creation, and poverty alleviation.
Furthermore, this initiative aligns with the recent announcement of $3.6 million in grants earmarked for MSMEs, showcasing the government’s commitment to fostering local entrepreneurship and driving sustainable economic development. With around 82% of businesses in Fiji categorized as MSMEs, the effective rollout of training programs and financial backing has the potential to bolster local economies and create a more stable business landscape.
The future looks bright for these budding entrepreneurs as they prepare to launch their ventures, equipped with the skills and resources necessary to succeed in Fiji’s evolving marketplace.
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