This visionary programme, under the aegis of the Post-Covid Development Strategy (PCDS 2030), aims to elevate the state’s businesses by fostering talent, nurturing skills, and stimulating innovation.
Under the guiding hand of the Sarawak Entrepreneurs Association (SEA) president Nizam Khalyd expressed gratitude for the invaluable support extended by the Sarawak Government through BizFund. This initiative has proven to be a game-changer for SMEs and micro-entrepreneurs, breathing fresh life into their operations while enabling them to weather the pandemic’s economic turbulence.
The BizFund has emerged as a beacon of hope for the local business community. The programme offers specialised capacity-building initiatives that empower entrepreneurs with the knowledge and skills needed to navigate the evolving business landscape effectively. It addresses crucial challenges such as the scarcity of training resources and opportunities, fostering practical and hands-on learning experiences that translate directly into tangible improvements in daily operations.
Nurturing Entrepreneurial Growth
Under the banner of SBF’s collaboration with SEA, these programmes have reached over 300 entrepreneurs across Sarawak through ten cohorts in various regions, including Sibu, Mukah, Sibuti, Limbang, Bekenu, Sri Aman and Kapit.
This collaborative effort includes the ‘Costing & Business Pricing Strategies’ programme, conducted in collaboration with Koperasi Belia Inovatif Sarawak (KOBIS) and certified by the prestigious Universiti Teknologi Malaysia (UTM). This intensive training initiative has been nothing short of transformative, equipping entrepreneurs with essential skills needed to elevate their businesses’ financial acumen.
Participants gain a profound understanding of cost management and pricing strategies, enabling them to make informed decisions that significantly impact their business profitability. The programme empowers entrepreneurs to identify cost drivers, distinguish between variable and fixed costs, and conduct cost-volume-profit analysis. Furthermore, it delves into the intricacies of pricing strategies, allowing participants to navigate competitive landscapes and create compelling value propositions, thus better serving their customers and enhancing their bottom line.
Another testament to the strength of this collaborative effort is the ‘Productivity Management and Business Optimisation through Mobile Apps’ programme. This initiative, in partnership with the Sarawak Digital Entrepreneur Community Cooperative (SARADEC), is certified by Universiti Geomatika Malaysia (UGM).
Delivered over two intensive days and supplemented by a one-month online guidance programme, this training empowers entrepreneurs with cutting-edge skills in mobile app usage for productivity enhancement and business optimisation. In an increasingly digital world, these skills are invaluable, allowing entrepreneurs to streamline operations, connect with customers more effectively, and boost their businesses’ overall efficiency.
SEA President Nizam Khalyd emphasised that BizFund and SBF’s unwavering support have positioned Sarawak’s business community on a trajectory of growth, resilience, and competitiveness.
As the region inches closer to realising the PCDS 2030 vision of becoming a developed state driven by talent, skills, and innovation, the impact of these programmes becomes increasingly evident.
The success of BizFund and its associated programmes underscores the power of collaboration between government, industry bodies, and the entrepreneurial community. As Sarawak continues to strive for economic recovery and sustainable development, such initiatives will play a pivotal role in ensuring that local businesses thrive and contribute to the state’s broader economic goals.
For more information on these transformative programmes and how they can benefit your business, interested individuals are encouraged to reach out to the Sarawak Entrepreneurs Association at www.joisea.org. Sarawak’s future of economic growth and prosperity begins with empowered entrepreneurs, and SEA is committed to be the booster force behind this transformation.