Essay 7 : DELTA Essay Writing Competition
Engineering Entrepreneurship in Nepal
by Dipak Acharya
Entrepreneurship ! What is entrepreneurship and why it is most important in such a developing countries like Nepal .Entrepreneurship is a activity of setting up a business or businesses taking on financial risks in the hope of profit. Or in simple words entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.Entrepreneurship in engineering means the businesses implementing on the engineering ideas to solve the real world problems through products or services.Entrepreneurship is very most important in nepal because the production sector of Nepal has been going downhill for decades. The closure of important factories and production houses such as the Bansbari Leather & Shoe Factory, Biratnagar Jute Mill, Janakpur Cigarette Factory and others from two decades earlier to today’s low energy production can only have negative impacts. The results are low jobs, low income and low job security that lead to around 1500 youths to leave the country every day for “Opportunities”. Most of them are low-waged and uneducated workers forced to work overtime with no holidays nor appropriate compensations all around the year. The current scenario of industrial sector is even more worrying and it needs a change. The industrial sector in Nepal contributes only 14% to the national GDP and employs 3% of the economically active population (Source: CIA Fact Book 2015). If Nepal wants to gain significant strides in economic development, the figures must increase. The number of industries and businesses must rise and so must their contribution. One significant step that should be taken is the development of entrepreneurship. Entrepreneurship is the ultimate answer to the questions related to production and opportunity.
I don’t want to note more down about the great leaders and entrepreneurs like Andrew Carnegie(Steel tycoon industry ), , Larry Page( Co-founder of Google) ,William “Bill” Gates(founder of Microsoft) , Steve Jobs(founder of Apple), Mark Zukerburg(Co-founder and CEO of facebook),Jeff Bezos (founder and CEO of Amazon ),Warren Buffett(Chairman and CEO of Berkshire Hathaway) ,Ambica Shrestha(President of Dwarika Hotels and Resorts),Upendra Mahato ( president of the Russia -Nepal Chamber of Commerce and Industry),Binod Chaudhary (Chairman and President of the Chaudhary Group (CG) ) and more and more .
Lets be specific .We must have heard about Mcdonald’s, KFC, Pizza Hut, Domino’s, Burger king , and many more. Why they are sound more and most popular nowadays .Yes i find something common from all and its a franchising . What it is ?? Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a Franchise Agreement.Being an electronics engineering student I point out some electronics companies that provides franchise for its expansion .My theme is the same bringing franchisee from world to nepal .So here franchise means nothing but a type of license that a party (franchisee) acquires to allow them to have access to a business’s (franchisor) proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business’s name. In exchange for gaining the franchise, the franchisee usually pays the franchisor an initial start-up and annual licensing fees.So my vision toward Nepal buisiness is to welcome the frachise.Starting a tech franchise might not automatically make us the next Bill Gates, but it could provide a nice lifestyle for us. I have listed the names of elctronics franchisor who offers the franchisee UBreakifix , CPR-sell phone repair,CMIT(Provides home computer services and training),Wireless Zone , Experimac, Team Logic IT,Multivista,Aaron’s, Cellaris ,Zagg,idropped,Staymobile, The Kase,Kix mobile and more and more . One can easily start a franchise business dealing with franchisor .
Did u get it .Yes a franchise company could be a billion dollar or trillion dollar company . As some billion dollar companies like KFC ( worth 15 billion dollar company selling fried chicken and wings have three branches in nepal two in kathmandu ,Tripureshwor and Durbarmarg and one in pokhara), Pizza- hut(worth 8.5 billion dollar selling pizza have a branch in durbarmarg kathmandu ).Like these we can add some more for the creating a job opportunities and minimizing the air tickets to saudi, qatar , ausralia , america and entire world . We youths as an entreprenuer are so powerful that we can change the entire economy of the nepal .Hope to see our country nepal not in the list of developing countries but in the list of a fully developed countries . A country which will have unlimited employment opportunites , a country with a great economy , a country of peace and happiness , a country with love and understanding among the people . Yes we can make it possible nepalese , yes we can .