Firm tips youths on sustainable business
Project Innovation Centre (PIC), a local innovation firm, has advised budding entrepreneurs to take interest in financial matters and learn the know-how of money management.
Speaking in Blantyre on Saturday on the sidelines of a day-long Entrepreneurship and Financial Seminar, the firm’s chief executive officer Kondwani Chirwa said this will enable entrepreneurs to grow and successfully run their businesses.
Chirwa said financial literacy is key in every business venture, observing that it helps entrepreneurs easily and ably plan, save and invest.
He said: “When entrepreneurs plan their business, it is easy to start saving, after which, they need to understand and know the time to start investing.
“Do not rush into carrying out a business without knowledge. One needs skills and knowledge before engaging in entrepreneurship.”
Old Mutual Malawi plc financial literacy specialist Bernard Chiluzi, whose company co-organised the seminar, underscored the importance of financial literacy, saying it is essential for the youth to be knowledgeable on financial matters and understand how to make money and spend it for meaningful purposes.
“We have a programme which targets individuals at different levels. The aim is to break the inter-generation poverty circle that most people are going through,” he said.
Chiluzi said a person is bound to become financially secure and stable if they learn and know how to manage their money.
“It does not matter how much money you earn or have managed to get at a given time, but what matters is how you are using that money,” he said.
One of the participants, 21-year-old Malawi Adventist University graduate Alice Msiska described the seminar as an eye-opener and a step towards realising her goals. “I have recently graduated and eagerly looking for business opportunities to tap into.
