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Entrepreneurs challenged on mentality, consistency

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Lavern Chitakata

Medium Enterprises Development Institute (Smedi) has emphasized the need for a positive mind set in entrepreneurship amid turbulent economic times.

The call was made Thursday in Blantyre during a Tikweze Business Clinic organised by Times Group in partnership with Ecobank, Smedi, and the Public Procurement and Disposal of Assets Authority among others.

Smedi Director of Business Information and Training Edward Chilima said in times when the cost of doing business is going up, an entrepreneur should be able to find ways of mitigating the challenges.

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“Entrepreneurship is not for the faint-hearted because there are times a business person feels like they should give up because of challenges. But always have a positive mind set and never give up,” he said.

Businesses have faced difficulties especially in recent years on the back of the Covid pandemic and the war in Ukraine, which has disrupted supply chains.

The challenges have seen some businesses either scaling down or closing shop altogether.

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Times Group Marketing Manager Lavern Chitakata said the media house organised the event as its core business depends on the thriving of other businesses.

She said a vibrant SMEs sector is essential for growth of the economy, hence the need to continually support it.

“This is the second seminar after successfully implementing the Lilongwe clinic. We will sit down, evaluate the initiative and take it to the next level. We salute our partners and we will still require their commitment in the next endeavours,” she said.

Tikweze Business Clinic is a brain child of Times Media Group whose inaugural meeting was held in Lilongwe in May.

Other partners of the business clinic include the European Investment Bank and Frankfurt School of Finance and Management.

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