Expat Pakistani Business Expert Gives Young Entrepreneurs a Recipe for Success
Zubair Qureshi Islamabad
The only solution to financially empower the Pakistani youth which constitutes about 60% of the population is to adapt this huge part of the population to startups, entrepreneurship and small and medium enterprises.
Unfortunately, most budding young people and their mentors don’t even know much about what startup is or how entrepreneurship actually works.
Zechariah Janjua, a Pakistani expat with a wealth of experience in startups and entrepreneurship in the UK, voiced these views during a media interaction.
He not only learned and experienced the sectors mentioned above, but now he leads them in the UK with his own organization Dean Ventures.
Young entrepreneurs see only from the financial point of view and leave other important perspectives undressed. As a result, finances are spent without sales or profit.
He suggested young people in Pakistan to get into tech startups, he said
He gave the example of Amazon which is a trillion dollar tech company on its technology alone. Facebook is another example of a technology-driven company that has engaged the world.
The young person must develop them personally with his mental conditioning. Starting a new business is not an easy task, he said.
“You have to analyze the whole idea of your project against the available market,” he said.
To a question, he advocated connection and coordination between academia and industry to promote entrepreneurship and start-ups. He said universities should develop a culture of entrepreneurship and the latest technologies.
Students must learn how to start a business with the latest technology in their curriculum. Industry should guide academia on market trends and requirements.
Mr. Janjua indicated that start-up and entrepreneurship need mental reconditioning first. You have to know what you supply to the market or the customer needs it or not.
Getting started is a 3-step journey. Stage 1 is your idea and your team. Stage 2 is how you get market response in the form of buyers and Stage 3 is when your product becomes the market need, he explained.
Mr. Janjua is in Pakistan to see what he can do in his native country.
He is Executive Chairman of Dean Ventures, Social Impact Technology Venture Studio. He is a graduate of Applied Computer Science from King’s College London, one of the top 20 universities in the world. Executive MBA from the prestigious Cass Business School in London.